Bye bye 718 Cayman

[churchie2856]

So my 718 Cayman (2.0 PDK) has gone - sold to WBAC today.
Bought new £48.5K ... did 5.3K miles in 15 months ... sold it for £43.1K. (inc fees) Cost per mile £1.01 (excluding insurance (company piad the fuel)).
Of the other bids: 1 month ago, £37K Wizzle; couple of northern OPCs circa £39K. Plus, no interest from two well know Porsche specialist. Ahead of WBAC, I had it up for sale at £42K and not a single call.

My biggest take away from the buying and selling experinece was don't go crazy on the options! OPCs will say "you must spec this and that for resale", but that's really only the case if selling back to them (I doubt £2K of wheels would push their bid up by £2K). If one is selling to WBAC, they don't price based on options (except for PDK).

It was a good fun car and never once did I worry about the sound of the engine or the exhaust.

Anyway enjoy your Porsches - I'm sure I'll be back again.

[churchie2856]

interstellar said:

I think you have done a great deal there. Trade price is £38000 so you have done really well.

Can’t see them getting their money back even if they put it on cinch and retail it themselves.

The WBAC rep' said it wouldn't go to Cinch (too specialist and they can't offer finance on vehicles of that value. Instead it will go to auction and likely a "closed" dealer-only one.

[churchie2856]

CardiffTam said:

It would seem you did okay financially for your 15 months of ownership. What are you moving on to?

Edited by CardiffTam on Sunday 17th January 18:51

Alpina D3 S Touring (due May)

[churchie2856]

interstellar said:

Trade price is £38000 so you have done really well.

What source was that?

[churchie2856]

Earlier WBAC offers on my 718:

Back in April 2020 - £39K (when 7 month old, and in Lockdown 1.0). Wasn't looking to sell then, but purely out of interest.
10/12/2020 - £41.3K
20/12/2020 - £42.0K
29/12/2020 - £42.0K
02/1/2021 - £43.3K
15/1/2021 - £43.2K ... Sold (£43.1K inc fees etc)

As others have commented above, I have no idea how WBAC (or a buying dealer) will make a profit on this car. A non-OPC benefits from the fact there is no warranty cost (it has 21 months new car warranty to run), but an OPC potentially has to make this up to 24 months. Also tthe next buyer is facing 1st service in October (which looks to be £800 at an OPC, based on a recent 718 thread).

[churchie2856]

anonymous said:

[redacted]

EA69DXS. It's not on BCA yet.

[churchie2856]

anonymous said:

[redacted]

I need a family car with good economy ... so I've ordered an Alpina D3 S Touring (in Green)

[churchie2856]

OPOGTS said:

The car sold for £41.4k + fees. I would guess that makes it about £42.5k for the trader but I've never been able to work out the BCA fee structure?

It was a provisional sale and the reserve was not met.

Either way, well done getting that money from WBAC - good win!

Edited by OPOGTS on Thursday 28th January 10:27

Thanks for the update. Looks like I was one of the WBAC winners

[churchie2856]

esuuv said:

SL22 said:

This looks to now be on Autotrader with ‘Acorn Motor Group’ for...£48,990. They’ve got 3 other 718s in too.

Isn’t that more than it was new?

I'd have to check the original purchase invoice, but I think it is indeed more than I paid for it new (and that included the 1st year VED which was circa £1K!)

[churchie2856]

churchie2856 said:

esuuv said:

SL22 said:

This looks to now be on Autotrader with ‘Acorn Motor Group’ for...£48,990. They’ve got 3 other 718s in too.

Isn’t that more than it was new?

I'd have to check the original purchase invoice, but I think it is indeed more than I paid for it new (and that included the 1st year VED which was circa £1K!)

This used car does not include road tax, so removing for comparative purposes the 1st year VED and registration fee (£910 combined) from the OPC invoice ... I'm left with £48,473.