Should I put an OPC warranty on 996 GT3 MKII CS pre sale?

Should I put an OPC warranty on 996 GT3 MKII CS pre sale?

Author
Discussion

40anniv996

Original Poster:

75 posts

166 months

Saturday 28th May 2016
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Hi all,
Having received the information from OPC that my GT3 is eligible for a warranty due to it having been kept in the OPC network for servicing, I am contemplating doing this as I wish to sell the car.

Do you think this would make financial sense and add attraction to the car, if I were to sell the car privately?

I have started discussions with a dealer with regards to buying the car, but am contemplating my options.

Appreciate the advice in advance.

Thanks

Greg

arcticGT

977 posts

211 months

Saturday 28th May 2016
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Personally, in my mind I wouldn't value an OPC 111 check as much as an inspection from a specialist. If inspection is OK and it's looked after with pre-emptive maintenance it's unlikely to bite hard.

Magic919

14,126 posts

200 months

Saturday 28th May 2016
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I'd let the buyer decide if he wants to apply the Porsche warranty.

Koln-RS

3,849 posts

211 months

Saturday 28th May 2016
quotequote all
If I was looking for a GT3 and it had the full OPC Warranty, then it would give me considerable peace of mind.

I think it would possibly add more value than it costs, and may generate more interest and enquiries than a car without.

You've got to remember this is a high value car, with an unknown history and potentially expensive failures. Buyers will be nervous with a private purchase where they have minimal redress. So, I would say yes.


mollytherocker

14,365 posts

208 months

Saturday 28th May 2016
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Yes, do it. It will increase the value of the car and the buyers confidence in it.

Rightly or wrongly.

Nimerino

295 posts

112 months

Saturday 28th May 2016
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I'll as my voice to the chorus above. If I were looking for a car, one with an OPC warranty would be enormously more tempting and would be worth more than the roughly 2k premium of the warranty itself. Again, rightly or wrongly.

Geneve

3,857 posts

218 months

Saturday 28th May 2016
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If it's a very cheap GT3, maybe not.

But, if you are looking for the best price, an OPC Warranty would suggest it is of 'collectable quality', original, in first class order and covered against any unforeseen. Must be worth it.

Big plus for prospective buyers.

Jibaro

210 posts

180 months

Saturday 28th May 2016
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When you advertise your car, an important sector of your target audience will be dealers, and the warranty won't be worth much to them as it is only legitimately transferrable if the car is privately sold so they can't offer it for sale with it included (I think). Private buyers tend to be nervous buying cars off people's drives when the price is in the region of what yours is worth, so you may find a private sale a ball-ache unless the car is priced cheap, and then the dealers may be the ones who move fastest anyway. On the other hand your car will be more attractive to all buyers if the 111-point inspection has been completed and the car given a green light for the extended warranty. Then if it does turn out to be a private buyer that buys it, you can give them the choice to pay you to put the warranty on before taking it away. You can say you'd be willing to do this in the ad to attract the private buyers, it always looks good when you see private ads like this. I don't think you'd get usefully more if you were to have already advertised it with warranty on compared to inspection done/ready to warranty.

So to answer your question then, I think it will make your car more attractive to a private buyer, but I don't think it makes financial sense to do it as it may not be a private buyer that you sell to, and even if it is then you can get most of the upside just by getting the inspection done. If it were me and I had a completely standard car with the option to get Porsche warranty, I'd get the inspection done and offer it for sale like that.

GLWTS thumbup

The Red Devil

251 posts

106 months

Saturday 28th May 2016
quotequote all
arcticGT said:
Personally, in my mind I wouldn't value an OPC 111 check as much as an inspection from a specialist. If inspection is OK and it's looked after with pre-emptive maintenance it's unlikely to bite hard.
Bang on......OPC 111 point check is generally really poor evaluation of a car. I had one done on a
78 SC few years back and they missed tons, mainly the fact that the wings and rear quarters were
like swiss cheese. Don't get led up the path with the OPC crap, sure its fine for the oil service stamp, take
your cars to good indis people, where you can have a hands on chat about your car and what you want done,
the dealer is too busy answering the phone and anxious over his compliance to be bothered about checking your car
correctly.
Pre-emptive maintenance, an active approach to your pride and joy as opposed to reactive, i.e when it f***s up

ChrisW.

6,214 posts

254 months

Sunday 29th May 2016
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The OPC check is only a means to an end --- the warranty.

If selling to an OPC --- there is no point.

If selling privately --- yes yes YES !

Irrespective of how ell a car has been looked after, a proper warranty has real value and it's the one thing that otherwise differentiates a private sale from a dealer.

In fact the private sale with a warranty is to me the best of all worlds ... the diligent private seller knows the real story of the car and just in-case it's rose tinted or unlucky, there is the warranty.

r4_rick

452 posts

214 months

Thursday 2nd June 2016
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Can I offer a different view point, your buyer is not likely to do many miles, your model has a bullet proof engine and has been very well looked after, any thing that's worn out like suspension might be highlighted in a ppi, wouldn't the money on a warranty be better spent replacing known worn items. I think the major attraction will be club sport & full Porsche history, let the buyer decide if he wants to put the warranty on. It will allow you to price it Keener which for a private sale is always expected, good luck with the sale !

40anniv996

Original Poster:

75 posts

166 months

Sunday 7th August 2016
quotequote all
I thought I would follow my question up with an outcome.

I am in negotiation on an Ultima LS7 so the GT3 must go. My wife will categorically not allow me to have six cars..

In the end, I don't think the OPC warranty works on the maths. My local specialist Indy wants to put the car up for £65k SOR, which is probably about right?

It looks like I can take £55k up front as opposed to the SOR which sort of works for me as we are also in the middle of a house move. Spending another £3k+ on the warranty and changing the Cups back to N rated PS2's doesn't seem that it will add any value and I wouldn't get my money back.

Thanks for all the advice, still running the 9e28 and a Cab so not without Pork!

Cheers

Jumpingjackflash

589 posts

178 months

Sunday 7th August 2016
quotequote all
40anniv996 said:
I thought I would follow my question up with an outcome.

I am in negotiation on an Ultima LS7 so the GT3 must go. My wife will categorically not allow me to have six cars..

In the end, I don't think the OPC warranty works on the maths. My local specialist Indy wants to put the car up for £65k SOR, which is probably about right?

It looks like I can take £55k up front as opposed to the SOR which sort of works for me as we are also in the middle of a house move. Spending another £3k+ on the warranty and changing the Cups back to N rated PS2's doesn't seem that it will add any value and I wouldn't get my money back.

Thanks for all the advice, still running the 9e28 and a Cab so not without Pork!

Cheers
Why are you selling the GT3? Your answer may help my decision. Are you keeping a 996 Turbo? again why? cheers

40anniv996

Original Poster:

75 posts

166 months

Sunday 7th August 2016
quotequote all
Simply I don't take the GT3 on track now.
I am keeping the turbo and wish to convert it into an RSR type machine. I am struggling to make 335's work on the back.

I also want a lightweight track car, but Mrs R is uncomfortable about open wheel Caterhams etc. The Ultima is easier on consumables and can still work hard on the straights. Plus I've bought an RS Veolocity trailer and will take family and track car on European holidays/track sessions. Well thats the plan in negotiation at the moment!