Is the bubble about to burst?

Is the bubble about to burst?

Author
Discussion

supersport

4,054 posts

227 months

Friday 2nd October 2015
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anonymous said:
[redacted]
^^^^ This.

My own car is just over the 100k now, has had all the metal issues sorted and complete windows out repaint with all seals/bits/and bobs replaced etc. That was four years ago, she now has stone chips on the front again.

The interior isn't perfect, could do with new carpets, is this bad? It is still a comfortable place to be though, and at 28 years old what do you expect.

But she drives beautifully and is quite happy sat on the autobahn at 120 for hour after hour and just as happy zipping around country roads, although better if they are not so bumpy.

If it is was to go on the market, which it isn't, would it be sat there as it's not a pristine example?

The problem with pristine examples is that the value is in their pristine condition, meaning you can't actually drive the thing. What's the point in a car that you can't drive?

It seems that a lot of buyers want an old car that looks like it hasn't been driven, where everything is perfect. I don't actually think many of these cars exist anymore, and as I said, if they do the value is in the condition, assuming you care about the value. In which case get a less perfect one.

I agree that finding a good one is hard, the scary rust is hidden and often not visible until you start taking them apart, which means even a punt on a good looking car has potential expensive pitfalls. These cars don't like not being used, they really revel in proper use, and so a garage queen doesn't make a good buy. I think I would rather have something a bit more used and a little less perfect, patina I believe it's called. You could always then improve these things.

SEE YA

3,522 posts

245 months

Friday 2nd October 2015
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anonymous said:
[redacted]

Digga

40,295 posts

283 months

Friday 2nd October 2015
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To me, if I'm buying something 10+ years old, a little patina adds to the charm of owning something classic or near-classic. There is a world of different between neglectful damage and a few stone chips on the nose and rear arches, or a slight gloss to the leather on the driver's seat and steering wheel. And I'd also agree that having a showroom car is, almost, a mirage, because how do you ever use and enjoy it without jeopardising the showroom 'quality'? Although I acknowledge Magnus Walker is a polarising character, he does at least get this right, as does Chris Harris.

What is critical is service history and, in particular, recent history; what of the 'know' unkowns has been attended to, when and by whom.

Mario149

7,750 posts

178 months

Friday 2nd October 2015
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GT4RS said:
Look forward to the surprise, I'm sure any genuine gt3 buyer will be knocking at your door trying to strike a deal as I type!

Good luck with the sale
I'm pleased to say that the car has now sold and is going to a good home on Sunday smile Happy days all round, I got more than p/x or dealer buy, the new owner has got a great deal and a great car, all round win I'd say. I know the new owner reads PH, not sure if he posts, but maybe he will make himself known in due course.

I'd also like to take this opportunity to say thank you to Edward at John Holland sales (I am not affiliated). He contacted me, was very helpful, very honest, no bull****, offered a very fair trade price in the context of the others I'd been offered for an unseen purchase and was willing to go out of his way to accommodate me to pay for / collect the car. He was originally going to buy it but unfortunately he just lost out at the last possible minute to the new owner. While we weren't able to do business this time, he's going on my contact list if I ever need to sell a car to trade despite being so far away from me. If you are thinking of selling your GT3 or similar and don't fancy the hassle of a private sale, I'd encourage you to give him a call.


Mario149

7,750 posts

178 months

Friday 2nd October 2015
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Wozy68 said:
She is sat in my drive at the mo, getting wet but coming up to be secure parked up for winter, she is no garage queen but I wouldn't swap her for a lower mileage more pristine paint example, as you have no idea what lies beneath the shine and the mileage.
Exactly my thoughts about my 993 yes

roygarth

2,673 posts

248 months

Friday 2nd October 2015
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Mario149 said:
I'm pleased to say that the car has now sold and is going to a good home on Sunday smile Happy days all round, I got more than p/x or dealer buy, the new owner has got a great deal and a great car, all round win I'd say. I know the new owner reads PH, not sure if he posts, but maybe he will make himself known in due course.

I'd also like to take this opportunity to say thank you to Edward at John Holland sales (I am not affiliated). He contacted me, was very helpful, very honest, no bull****, offered a very fair trade price in the context of the others I'd been offered for an unseen purchase and was willing to go out of his way to accommodate me to pay for / collect the car. He was originally going to buy it but unfortunately he just lost out at the last possible minute to the new owner. While we weren't able to do business this time, he's going on my contact list if I ever need to sell a car to trade despite being so far away from me. If you are thinking of selling your GT3 or similar and don't fancy the hassle of a private sale, I'd encourage you to give him a call.
Mario, nice result for all concerned. AAMOI what price do you think a dealer like 911V would have tried to sell your car for?

Mario149

7,750 posts

178 months

Friday 2nd October 2015
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roygarth said:
Mario, nice result for all concerned. AAMOI what price do you think a dealer like 911V would have tried to sell your car for?
If it was from stock they own (i.e. not SOR) that they had bought recently and didn't have a buyer lined up, and it was me working there making the decisions, I'd say £74,995 - suspect the car they currently have is on SOR but to be clear I have no knowledge either way. My experience of the GT3 market for the last month does not tally with current retail asking prices. If it did, my phone would have been ringing off the hook at £72,495. For the 2 weeks I had it at that price, I did not receive one private buyer call. Could be down to the time of year, but one assumes if you want a good GT3, you'd be willing to get in early and save some money in order to have it for the spring.

Crimp

Original Poster:

909 posts

187 months

Friday 2nd October 2015
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anonymous said:
[redacted]
95k miles and in as good condition as all my previous 911's


pete a

3,799 posts

184 months

Friday 2nd October 2015
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Mario149 said:
I'll post up what trade bids I had when the car sells, until then, you'll have to wait in suspense tongue out
Please enlighten us as to what the trade value is at the moment?

Mario149

7,750 posts

178 months

Friday 2nd October 2015
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Ranged from £60K - £63K for an outright buy of my car as of about 2 weeks ago to now. That's from a sample size of about half a dozen, maybe more. If you were p/x-ing or there were other helpful circumstances, I imagine there'd be another £1K in it.

supersport

4,054 posts

227 months

Friday 2nd October 2015
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anonymous said:
[redacted]
My experience having cars sat is that things go wrong, they need to be driven. Where and how it's sat makes a big difference though.

If you want an old car with no patina, then you going to have to pay for it, big. Each to their own, but moon on a stick comes to mind, or loaded.

drmark

4,824 posts

186 months

Saturday 3rd October 2015
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I have tried both approaches - the mint low milers and higher mileage well maintained - and have to say the expensive option has always proved cheaper and more satisfying over the medium term (N=3 so hardly representative but enough to convince me if ever a 4th happens). But I rate vendors as highly as their cars and that has served me well over the years - with one notable exception (all that glistens is not gold).

griffter

3,983 posts

255 months

Sunday 4th October 2015
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griffter said:
They're not all going up. This one's come down 2k in 2 months :

http://www.autostradacars.com/used-cars/porsche-91...

Being misdescribed won't help of course...
£16495: http://www.autostradacars.com/used-cars/porsche-91...

roygarth

2,673 posts

248 months

Monday 5th October 2015
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griffter said:
griffter said:
They're not all going up. This one's come down 2k in 2 months :

http://www.autostradacars.com/used-cars/porsche-91...

Being misdescribed won't help of course...
£16495: http://www.autostradacars.com/used-cars/porsche-91...
Seems cheap for the only 996 C4S Targa ever built!

Shaoxter

4,069 posts

124 months

Monday 5th October 2015
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roygarth said:
griffter said:
griffter said:
They're not all going up. This one's come down 2k in 2 months :

http://www.autostradacars.com/used-cars/porsche-91...

Being misdescribed won't help of course...
£16495: http://www.autostradacars.com/used-cars/porsche-91...
Seems cheap for the only 996 C4S Targa ever built!
And a rare 2007 model too! biggrin

Ken Sington

3,959 posts

238 months

Tuesday 6th October 2015
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This is beginning to annoy me. Much as basking in the warm glow of an appreciating asset is a pleasure, if were I to have to replace my 993 through write off, I would probably looking at twice the price I paid for it 11 years ago to replace it from a dealer for one of comparable quality. Rather takes the gloss off going for a hoon.

g7jhp

6,961 posts

238 months

Tuesday 6th October 2015
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Ken Sington said:
This is beginning to annoy me. Much as basking in the warm glow of an appreciating asset is a pleasure, if were I to have to replace my 993 through write off, I would probably looking at twice the price I paid for it 11 years ago to replace it from a dealer for one of comparable quality. Rather takes the gloss off going for a hoon.
Easily sorted, ensure the insurance covers the new value or sell it.

g7jhp

6,961 posts

238 months

Tuesday 6th October 2015
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Crimp said:
95k miles and in as good condition as all my previous 911's

If I didn't know you better Crimp, I'd say you were getting itchy feet again.

I expect you to have sold her within 2 weeks! wink

Mario149

7,750 posts

178 months

Tuesday 6th October 2015
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g7jhp said:
Ken Sington said:
This is beginning to annoy me. Much as basking in the warm glow of an appreciating asset is a pleasure, if were I to have to replace my 993 through write off, I would probably looking at twice the price I paid for it 11 years ago to replace it from a dealer for one of comparable quality. Rather takes the gloss off going for a hoon.
Easily sorted, ensure the insurance covers the new value or sell it.
Yup, just have agreed value smile

mollytherocker

14,366 posts

209 months

Tuesday 6th October 2015
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Ken Sington said:
This is beginning to annoy me. Much as basking in the warm glow of an appreciating asset is a pleasure, if were I to have to replace my 993 through write off, I would probably looking at twice the price I paid for it 11 years ago to replace it from a dealer for one of comparable quality. Rather takes the gloss off going for a hoon.
Honestly, you are looking at this the totally wrong way. There are NO downsides to current owners.

Just forget about it and enjoy. You will be better off no matter what happens.