Selling 991 TTS- My experience
Discussion
Afternoon all
Thought I might share this in case people find it useful. I've decided to sell my beloved 991 Turbo S to free up some cash for an investment.
I approached a number of online and bricks and mortar companies. The car is well specced and well looked after. However I did pick up a dent on the rear wheel arch. It can't be fixed by mobile repairers and needs a bodyshop/paint. Three wheels have been kerbed.
For the online retailers I did not reveal these defects because they're not sensitive enough to explain the dent without somehow describing the car as 'poor condition'. And in my mind the general condition of the car is excellent inside and out, it just has a dent.
My plan was to let them see the dent face to face and accept any adjustment to the value.
For the bricks and mortar companies I sent them photos of the damage and had a chat to them on the phone.
Here is what I have been offered. I don't want to reveal the real amount so will start with the highest offer and give it the value of £x.
1) We buy any car. Offered me an amount online. I showed it to them in person and they reduced it by £1300 for the dent and kerbed wheels. I thought this was reasonable. So the amount they were prepared to buy the car for there and then was £x
2) OPC offered me £x minus £7k
3) JZM offered me £x minus £18.5k. I must say I found this quite a shocker.
4) We WANT any car was also £x minus £18.5k
5) Evans Halshaw was £x minus £4.5k. But that was online so they would have knocked some off when they saw the damage.
As I result I will be selling to WBAC next week. Only issue is that I have to hand over the car and as it's a high value vehicle I have to wait 24 hours for the cash. I know they're a big company but this still makes me feel a little uneasy.
Anyway, thought people might find this useful if they ever decide to sell their car.
I will miss the beast, but hopefully buy a 992.2 of some flavour within the next year or so.
Thought I might share this in case people find it useful. I've decided to sell my beloved 991 Turbo S to free up some cash for an investment.
I approached a number of online and bricks and mortar companies. The car is well specced and well looked after. However I did pick up a dent on the rear wheel arch. It can't be fixed by mobile repairers and needs a bodyshop/paint. Three wheels have been kerbed.
For the online retailers I did not reveal these defects because they're not sensitive enough to explain the dent without somehow describing the car as 'poor condition'. And in my mind the general condition of the car is excellent inside and out, it just has a dent.
My plan was to let them see the dent face to face and accept any adjustment to the value.
For the bricks and mortar companies I sent them photos of the damage and had a chat to them on the phone.
Here is what I have been offered. I don't want to reveal the real amount so will start with the highest offer and give it the value of £x.
1) We buy any car. Offered me an amount online. I showed it to them in person and they reduced it by £1300 for the dent and kerbed wheels. I thought this was reasonable. So the amount they were prepared to buy the car for there and then was £x
2) OPC offered me £x minus £7k
3) JZM offered me £x minus £18.5k. I must say I found this quite a shocker.
4) We WANT any car was also £x minus £18.5k
5) Evans Halshaw was £x minus £4.5k. But that was online so they would have knocked some off when they saw the damage.
As I result I will be selling to WBAC next week. Only issue is that I have to hand over the car and as it's a high value vehicle I have to wait 24 hours for the cash. I know they're a big company but this still makes me feel a little uneasy.
Anyway, thought people might find this useful if they ever decide to sell their car.
I will miss the beast, but hopefully buy a 992.2 of some flavour within the next year or so.
Milemuncher said:
My main take-out is that OPCs are apparently crying out for good used stock but still not prepared to pay good money for them...am I wrong?
Yes they are in need of secondhand stock but then JZM said they were keen on the car and offered way below the OPC!Edited by Milemuncher on Saturday 1st May 18:12
Schmed said:
OPCs low balling? Never...
ETA: must be a fair amount if they can’t do it via faster payments. Had thought the limit was £250k but I may be wrong..
I'll need to dig into that further. Obviously the car isn't worth anywhere near £250k lolETA: must be a fair amount if they can’t do it via faster payments. Had thought the limit was £250k but I may be wrong..
Edited by Schmed on Saturday 1st May 18:17
Thanks
I have a good friend with an early low mileage well spec'd 992 4S that he was considering a p/ex against a new factory order 992 Turbo S last year (early summer). The supplying OPC knew how well looked after the car was (weekend toy) and even though they had no stock & 2 potential buyers waiting, they still wanted about £18k margin! My friend is a serial Porsche owner & even though he'd bought many cars from them, they weren't prepared to budge!! He is considering getting out of 911s completely as he has a new extreme road car & the 911 just isn't visceral enough & I'm going to suggest he tries WBAC & even possibly Collecting Cars.
JZM don’t buy stock, the car would of been offered to a number of traders to underwrite on their behalf.
OPC are struggling for stock massively as people aren’t PX good cars. A car of mine was in for a service recently and they tried there best to buy it off me, there offer wasn’t good enough for me to part with it so I will happily keep it.
OPC are struggling for stock massively as people aren’t PX good cars. A car of mine was in for a service recently and they tried there best to buy it off me, there offer wasn’t good enough for me to part with it so I will happily keep it.
Wilmslowboy said:
£18k swing on a 991.1 Turbo S, I'd assume that is over 20% 
I would have thought either WBAC has got it widely wrong, or know something the others don't.
How does the WBAC price compare to what you have seen similar cars on Autotrader for ?
At the moment there aren't a huge amount of 991.1 Turbo S cars on the market. But from what I could tell the WBAC prices seems very fair, after all a trader/dealer does need to make a profit I would have thought either WBAC has got it widely wrong, or know something the others don't.
How does the WBAC price compare to what you have seen similar cars on Autotrader for ?
GT4RS said:
JZM don’t buy stock, the car would of been offered to a number of traders to underwrite on their behalf.
OPC are struggling for stock massively as people aren’t PX good cars. A car of mine was in for a service recently and they tried there best to buy it off me, there offer wasn’t good enough for me to part with it so I will happily keep it.
I'm sure you're right about how JZM operate but that's not the impression they gave me.OPC are struggling for stock massively as people aren’t PX good cars. A car of mine was in for a service recently and they tried there best to buy it off me, there offer wasn’t good enough for me to part with it so I will happily keep it.
Also, they told me the maximum resale value for a trader for that car was £4k less than WBAC offered me.
Deep said:
I'm sure you're right about how JZM operate but that's not the impression they gave me.
Also, they told me the maximum resale value for a trader for that car was £4k less than WBAC offered me.
A quick look on AT will tell you if that is true or not, have to say a quick look on AT suggest values have firmed up.Also, they told me the maximum resale value for a trader for that car was £4k less than WBAC offered me.
The challenge with Collecting cars is the buyer will need to pay 6% more than you get, which means you might not end up with much more than the WBAC, sounds like the WBAC price could be exceptional.
Dealers will pay only what they need to ... if they think they can low ball you they will ... hence their willingness to sell you something new unobtanium if you will give them your car as a part-ex is sometimes literally this. Give.
I have found that a well prepared car with some great pics and a crafted description creates interest from both trade and private purchasers ... so long as you don't mind backing your judgement on this it can be fun and I would say that half of the cars I have advertised have ended up being bought by dealers.
I generally price at a level to slightly disrupt the market ... it is true that you can't go up in price but sometimes a dealer will work on a slim margin just to stop a car "spoiling" the market. And in the end everybody makes something, so where is the harm ?
I have met some great people and only once paid a dealer his expenses when he wouldn't pay me anything for my fitting under shared warranty costs a brand new hood to an MX5. He showed me minimal damage but it was under warranty and it cost me £250 towards a brand new hood worth £1500.
I have found that a well prepared car with some great pics and a crafted description creates interest from both trade and private purchasers ... so long as you don't mind backing your judgement on this it can be fun and I would say that half of the cars I have advertised have ended up being bought by dealers.
I generally price at a level to slightly disrupt the market ... it is true that you can't go up in price but sometimes a dealer will work on a slim margin just to stop a car "spoiling" the market. And in the end everybody makes something, so where is the harm ?
I have met some great people and only once paid a dealer his expenses when he wouldn't pay me anything for my fitting under shared warranty costs a brand new hood to an MX5. He showed me minimal damage but it was under warranty and it cost me £250 towards a brand new hood worth £1500.
Edited by ChrisW. on Saturday 1st May 21:46
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