Found a 981 Cayman Any Comments

[WayOutWest]

Ed.Neumann said:

Guess?

£18kish?

However, that is the sort of car people will want when they are jumping out of their more expensive metal.

Many who are on PCP paying £600-700 a month for a car now, won't want to pay £1000 to stay in it longer or £1400 to jump into another new one.

Let's be honest, You can get 90% of the fun in a base Cayman as you can in a base 992 for 20% of the price. And there is something very satisfying about enjoying a car that is paid for and was so cheap you don't need to worry about mileage etc.

So, rather than buy a 922, many will use the £20k deposit they were going to put down on it to buy something outright to ride out the next few years. 981 is perfect for that.

£18k really? I will have to track prices more keenly. The last time I looked was over a year ago and they were mid to high 20s. Also curious to compare to 987.2 Cayman S prices as they were also in the mid 20s when I was last looking.

[Ed.Neumann]

Yeah, don't think they will be any less than that, but reckon they could be there.

There are a couple of nice looking ones out there now for £22-23k, but then that is almost what they were going for 4 years ago.

I was going to look at a really nice agate grey one with PASM and PSE with 50k miles on it back in early 2020 which was £24k and then lockdown hit, so didn't bother. Then prices started to go silly.

So, seeing them at £18-19k as they hit 10 years old seems pretty reasonable.

[Armitage.Shanks]

esixtythree said:

Armitage.Shanks said:

Don't rely on WBAC as a barometer of what a car is worth. At the moment they are being cut throat in the current market.

Would suggest that a good barometer is exactly what WBAC is.

It doesn't tell you exactly what number you can expect to sell for privately in a reasonable transaction, albeit it provides something of a bare minimum backstop. What it does tell you is by how much the market has moved. If WBAC's offer moves by a given percentage over a certain timeframe, then (the odd temporary anomaly aside) you can be confident that's what the market has done. They have access to very, very good data and their offers reflect the prices traders are actually willing to pay.

So, there's little to no lag in pricing, quite unlike, say, classified ads in a falling market which tend to be populated by lots of vendors who haven't woken up to reality and are setting their prices for a market that no longer exists.

Let me just say that the WBAC valuation on my GT4 was £35k. I ended up selling it private for nearly double that and was offered £60k for it by an OPC. That's why I don't trust the barometer. For your average snotters it might be more on point.

[Ed.Neumann]

Armitage.Shanks said:

Let me just say that the WBAC valuation on my GT4 was £35k. I ended up selling it private for nearly double that and was offered £60k for it by an OPC. That's why I don't trust the barometer. For your average snotters it might be more on point.

I don't think they want snotters either.

What they want is top selling cars that are ideally at an age where there are going to be few issues, as that is what those at the auction want too.

Anything outside of that and they will bid, because...well they are called We Buy ANY Car, but will let you know if they want your car or not with that bid.


BCA doesn't have that many Porsche days either.
So I would imagine that what they bit on GT product depends if it is going into a Porsche sale or whether it will be going through on a normal 'prestige' sale.


They really do try and play it safe, but still struggle and get things wrong, £140,000,000 loss last year across the group.

I would imagine that huge loss has certainly changed the way they think at the moment?

[Armitage.Shanks]

anonymous said:

[redacted]

I'll leave it there so that this thread doesn't go off track any further.