718 GT4 Build slot
718 GT4 Build slot
Author
Discussion

F12DDE

Original Poster:

176 posts

103 months

Saturday 27th July 2019
quotequote all
Hey guys, looking for some advise....

A “mate” of mine had offered me his build slot on the 718 GT4, just wondering how things happen when you buy a build slot? I’ve never done anything like this (and know your not really supposed to lol) and was wondering if anyone in here has done with other porkers?? (I.e 991.2 GT3/2 ect ect)

Any info would be helpful as I’m a fish out of water here! Should I or shouldn’t I?


gt3rswp

210 posts

84 months

Saturday 27th July 2019
quotequote all
Interesting

Build slot for a fee?
Order in who's name?
Do you need finance?


F12DDE

Original Poster:

176 posts

103 months

Saturday 27th July 2019
quotequote all
gt3rswp said:
Interesting

Build slot for a fee?
Order in who's name?
Do you need finance?
1. Yes fee for a slot - he is my mate but unfortunately he’s not retarded enough to give it for free frown

2. Not sure how that works, I assume his as Porsche have allocated him the slot and that can’t be changed?

3. Would finance the car as you would any other car from Porsche

As I said, I’ve never done anything like this before and was looking for any advice anyone could give!

WG

1,051 posts

150 months

Saturday 27th July 2019
quotequote all
Not sure how this would work but I think that if your "mate" admitted to OPC that the car was not for him, theywould not sell it to him as they are bound to have several other good customers on their " waiting list" who they would prefer to sell the car to in the interests of customer relations. To get around this the car would have to be sold to your "mate" and registered in their name and then you subsequently buy it from them at full invoice price. One disadvantage here is that you become second registered owner so the car will be at least a two owner car when you move it on - whether or not this is ofconcern is a moot point. As a previous poster pointed out any finance requirements would further complicate matters. Also, if you want/ need GAP i nsurance, some such policies are only available to first purchaser of a vehicle so take care about any such policy you might purchase. The risk for your mate also is that he might, lose any " preferred customer " status he might have with OPC. This may or may not be of concern.

Edited by WG on Sunday 28th July 10:55

gt3rswp

210 posts

84 months

Saturday 27th July 2019
quotequote all
You may struggle to get the finance as you won't have access to the OPC products. Of course there are alternatives, but you normally need to be buying from a VAT registered business - not your mate maybe!?

F12DDE

Original Poster:

176 posts

103 months

Saturday 27th July 2019
quotequote all
WG said:
Not sure how this would work but I think that if your "mate" admitted to OPC that the car was not for him, theywould not sell it to him as they are bound to have several other good customers on their " waiting list" who they would prefer to sell the car to in the interests of customer relations. To get around this the car would have to be sold to your "mate" and registered in their name and then you subsequently buy it from them at full invoice price. One disadvantage here is that you become second registered owner so the car will be at least a two owner car when you move it on - whether or not this is ofconcern is a moot point. As a previous poster pointed out any finance requirements would further complicate matters. Also, if you want/ need GSP i nsurance, some such policies are only available to first purchaser of a vehicle so take care about any such policy you might purchase. The risk for your mate also is that he might, lose any " preferred customer " status he might have with OPC. This may or may not be of concern.
Ok, this clears the water quite a bit! So if it was to happen, it would have to be done is his name, and he’d just invoice me the agreed cost of the car. Finance can be done via other lenders which isn’t too much of a problem imo. I assume this means on hand over day, he would have to be the one to go and collect the car? (As I’m obviously not him) May just be easier to wait until they hit the second hand market and pay the overs, but I was interested in doing this as I could spec the car exactly how I’d want it. Food for thought

F12DDE

Original Poster:

176 posts

103 months

Saturday 27th July 2019
quotequote all
gt3rswp said:
You may struggle to get the finance as you won't have access to the OPC products. Of course there are alternatives, but you normally need to be buying from a VAT registered business - not your mate maybe!?
You think it would just be easier to wait until they hit a second hand dealer ship I.e Romans International?? Seems like it as i’ll Probably just end up paying the same amount. Wanted to do this as could spec “my own” car

Cheib

25,090 posts

199 months

Saturday 27th July 2019
quotequote all
I am sure there’s a way round the finance issue...you could use a motor trader to do that for you. Your mate sells car to motor trader SOR and you buy it from them, trader would get commission on the loan.

Gap insurance if you really wanted it could be got round by going to one of the insurers that offer GAP included in the policy which several do. Car has to have less than 300 miles on it to qualify on a Hiscox policy which then get s you two years GAP.

highway

2,637 posts

284 months

Sunday 28th July 2019
quotequote all
Anecdotally, the car market is substantially different than it was when the GT4 and 981 Spyder were launched.

Porsche have also stated there will be greater supply of both new models. I wouldn’t be certain Porsche care as much as you may think about you adopting your man’s order. I’d also seriously consider the wisdom of paying a premium to own one.

Car sales are mythically flat.

Porsche911R

21,146 posts

289 months

Sunday 28th July 2019
quotequote all
highway said:
Car sales are mythically flat.
every 997.1 GT3 has sold in the last 2 weeks, 6 or 7 cars !

seems GT4 buyers were waiting for spec and all went out and bought 997.1 GT3's

wise choice, bar I was looking for one and now there are none !

at £95k 997.2 GT3 CS sell ok also. Ashgoods lasted 2 or 3 days.

the right cars sell no issues as long as the price is right.


thistimenextyear

271 posts

173 months

Sunday 28th July 2019
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Make a few calls to OPC across the country and you’ll realise how hard it is to get an allocation

highway

2,637 posts

284 months

Monday 29th July 2019
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I think you may do better in person rather than calling.

NickUSA

810 posts

191 months

Monday 29th July 2019
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If you are planning on buying a build slot I'd keep quiet about it as your mate may find he doesn't have a slot anymore. Porsche (albeit not great at it) are trying to police the grey market to prevent this sort of thing happening.

Jim1556

1,837 posts

180 months

Monday 29th July 2019
quotequote all
Porsche911R said:
every 997.1 GT3 has sold in the last 2 weeks, 6 or 7 cars !
There are 4 on autotrader...?

av185

20,464 posts

151 months

Monday 29th July 2019
quotequote all
Only surefire way is for your 'mate' to take delivery and sell the car directly on to you plus the premium.

av185

20,464 posts

151 months

Monday 29th July 2019
quotequote all
highway said:
Car sales are mythically flat.
Depending on the car.

Koln-RS

4,093 posts

236 months

Monday 29th July 2019
quotequote all
Do people really believe there will be a ‘premium’ market for the 718 GT4/Spyder?
I thought those days were now behind us?

Whilst dealers might be able to ask cheeky prices while the sun is shining, surely most private sellers - GT3 or GT4 - will struggle to profiteer, especially as we move into the winter gloom?

av185

20,464 posts

151 months

Monday 29th July 2019
quotequote all
Koln-RS said:
Do people really believe there will be a ‘premium’ market for the 718 GT4/Spyder?
I thought those days were now behind us?

Whilst dealers might be able to ask cheeky prices while the sun is shining, surely most private sellers - GT3 or GT4 - will struggle to profiteer, especially as we move into the winter gloom?
The initial few cars will definitely make a premium but it really depends on 2 factors

1. How many cars are produced in the first few months of 2020 pre factory shutdown will dictate how many flipped cars will hit the market early Spring at peak demand period.

2. Whether a 10 % Brexit surcharge is added to the purchase price which will make a reasonable spec new GT4 potentially a £103k+ car. This is getting expensive especially for a Cayman/Boxster.

MeisterH

860 posts

125 months

Monday 29th July 2019
quotequote all
av185 said:
The initial few cars will definitely make a premium but it really depends on 2 factors

1. How many cars are produced in the first few months of 2020 pre factory shutdown will dictate how many flipped cars will hit the market early Spring at peak demand period.

2. Whether a 10 % Brexit surcharge is added to the purchase price which will make a reasonable spec new GT4 potentially a £103k+ car. This is getting expensive especially for a Cayman/Boxster.
Getting expensive! sod 103k for a Cayman even though i am a Porsche advocate that is silly money

av185

20,464 posts

151 months

Monday 29th July 2019
quotequote all
It's all relative though as the next GT3 the 992 could well be early £160ks with some spec.