Are prestige cars selling at present?
Discussion
Guys,
I have been offered a great deal on another car however this would involve me selling my current 997 c4s cabriolet.
I wasn't looking for a new car as I am very happy with my current c4s but the deal on offer has given me something to think about.
With the above in mind I would welcome peoples experiences of selling their porsches of recent.
I am fully aware that it is the wrong time to be selling cabriolets and didnt want to waste my time if I am just going to get time wasters.
My 997 is very high spec, with opc history and just serviced with extended warranty but if the buyers aren't out there this is irrelevant.
Your experiences welcomed
I have been offered a great deal on another car however this would involve me selling my current 997 c4s cabriolet.
I wasn't looking for a new car as I am very happy with my current c4s but the deal on offer has given me something to think about.
With the above in mind I would welcome peoples experiences of selling their porsches of recent.
I am fully aware that it is the wrong time to be selling cabriolets and didnt want to waste my time if I am just going to get time wasters.
My 997 is very high spec, with opc history and just serviced with extended warranty but if the buyers aren't out there this is irrelevant.
Your experiences welcomed
I have only been looking for a short time, and I think a lot of buyers are looking to Indy dealers as some sort of fail-safe.
Even on SOR of what would be private sellers, an Indy offers that buffer. However, you'd be selling with OPC warranty so should be a lot easier to shift...
Prestige cars will always shift, despite the economy, people still have money. If you have money, you don't necessarily care about the financial crisis...
Even on SOR of what would be private sellers, an Indy offers that buffer. However, you'd be selling with OPC warranty so should be a lot easier to shift...
Prestige cars will always shift, despite the economy, people still have money. If you have money, you don't necessarily care about the financial crisis...
I'm in the market now to buy a 997 Gen2 C2 and I'm quite happy to buy privately with a transferable OPC warranty and a pre-purchase inspection at my cost. What I have noticed is that most private sales are priced only around £2k (5%) less than dealers. I think private buyers (me at least) are looking for a price closer to dealer buy - at least 10% less than dealer selling prices. I haven't started viewing and negotiating yet, but with quite a few for sale, the car with the reasonable asking price is going to get my first phone call - otherwise I may as well go to a dealer.
I suggest advertising your car noticeably lower than dealer prices, but still above trade-in price to get a buyer's attention. There are people out there with money, but they didn't get it by being profligate
Just my perspective as a buyer in the current market.
I suggest advertising your car noticeably lower than dealer prices, but still above trade-in price to get a buyer's attention. There are people out there with money, but they didn't get it by being profligate
Just my perspective as a buyer in the current market.
Edited by c2mike on Saturday 10th December 12:59
People often suggest that there is always a market for expensive cars and that rich blokes will pay for what they want and that price is not a factor. I think that this is not the case at all. I regret that you will have trouble selling the 997.
When I buy a car like that high spec and OPC don't matter. I have my cars serviced at Hartech. I expect to buy a sesnibly driven and maintained example and then pay an additional 10-20% of the sale price again having it overhauled and fully serviced. I buy cars that have the original clutch. I Buy cars that still have their original front tyres and that don't have leaves in the engine bay or by the battery. Maybe I'm an enthusiast. I'd do the same sort of thing with a new GT3.
Ignore spec, look at the cheapest comparable in the classifieds and take 15% off that for your starting point. If that's more that the dealers offer then consider it, but it might take a while to sell.
What's the car you've ben offered?
When I buy a car like that high spec and OPC don't matter. I have my cars serviced at Hartech. I expect to buy a sesnibly driven and maintained example and then pay an additional 10-20% of the sale price again having it overhauled and fully serviced. I buy cars that have the original clutch. I Buy cars that still have their original front tyres and that don't have leaves in the engine bay or by the battery. Maybe I'm an enthusiast. I'd do the same sort of thing with a new GT3.
Ignore spec, look at the cheapest comparable in the classifieds and take 15% off that for your starting point. If that's more that the dealers offer then consider it, but it might take a while to sell.
What's the car you've ben offered?
Thanks for the feedback guys a v12 vantage is what I had been offered. I was looking at them before buying the 997 as a stop gap as I had planed to give the 997 to the wife and get a v12 vantage that is a couple of years old.
With the feedback reference selling the 997 I may well just hold off as I am enjoying the Porsche experience and may look to buy a gt3 rs or gt2 if budget will push.
As said I wasn't really in the market but this deal just gave me something to think about. Don't seem changing until early part of next year.
I would be interested to hear anyones comments reference the 997 gt3 & gt2 as it will be the 1st gt Porsche I have bought.
Even better if some lives in the midlands area and fancies a meet up in the new year, i would be very interested in comparing to my c4s in terms of comfort & interior as it will spend a fair amount of time on the road.
With the feedback reference selling the 997 I may well just hold off as I am enjoying the Porsche experience and may look to buy a gt3 rs or gt2 if budget will push.
As said I wasn't really in the market but this deal just gave me something to think about. Don't seem changing until early part of next year.
I would be interested to hear anyones comments reference the 997 gt3 & gt2 as it will be the 1st gt Porsche I have bought.
Even better if some lives in the midlands area and fancies a meet up in the new year, i would be very interested in comparing to my c4s in terms of comfort & interior as it will spend a fair amount of time on the road.
Mike Scott said:
2009 with just shy of 7k miles for £78k, they seem to be retailing for £85-90k
That is a serious car for the money isn't it?! There were quite a few over in the Aston forum who were desperate for them to go below 100k so they could pile in & that was only something like 6 months ago? New cars & depreciation eh?Mike Scott said:
Wills2 said:
How good is the deal on the V12V? 
2009 with just shy of 7k miles for £78k, they seem to be retailing for £85-90k
I'm guessing this is a private sale hence the need to sell rather than trade in, if you need to do the deal ASAP then selling your car to the likes of 911V, RSJ, Paragon etc..might be the best option.
I had a v8 vantage before and that was a great experience so if it is smiler to that but a little sharper then it will be an excellent car indeed.
Don't get me wrong it will never be as quick as the gt porches around a track but my driving isn't to a standard that I would really notice.
The car is being sold by a business contact thus they good deal. My only concern about buying now is that they are depreciating at around 2k per month and will do for the next few months.
I haven't done any research but it seems that gt3 prices seem to be holding up....anyone have experiences of gt2 depreciation?
Don't get me wrong it will never be as quick as the gt porches around a track but my driving isn't to a standard that I would really notice.
The car is being sold by a business contact thus they good deal. My only concern about buying now is that they are depreciating at around 2k per month and will do for the next few months.
I haven't done any research but it seems that gt3 prices seem to be holding up....anyone have experiences of gt2 depreciation?
If you have to sell - don't! No-one out there buying costly metal privately. Store/garage your current motor and get some short-term finance - might be better financial sense.
I'm after a Ferrari as a weekender and haven't really the space for it - but I'd rather buy and store than sell a car at the moment.
I'm after a Ferrari as a weekender and haven't really the space for it - but I'd rather buy and store than sell a car at the moment.
bqf said:
If you have to sell - don't! No-one out there buying costly metal privately. Store/garage your current motor and get some short-term finance - might be better financial sense.
I'm after a Ferrari as a weekender and haven't really the space for it - but I'd rather buy and store than sell a car at the moment.
I don't see any logic at all in this - how can keeping hold of a depreciating car, that will deteriorate through lack of use, be good financial advice? To suggest getting "bridging" finance, so that there is interest to pay too, seems to compound the issue, not to mention the cost of insurance, tax and having to put it somewhere....I'm after a Ferrari as a weekender and haven't really the space for it - but I'd rather buy and store than sell a car at the moment.
Thanks for the feedback guys. Getting finance is always an option but one that I would like to avoid. Just the thought of losing over 3k per month across the 2 cars is making me wince but to then add interest & running cost. I think my wife would kill me!
Indeed the deal is very good, it's a business contact that has pretty much offered me the car for the money a main dealer offered to buy it for.
Timing is wrong really, had it have happened early part of the new year then I could have kept both without loans and it may have been an option.
Really enjoying my c4s so would like to keep it if I can.....
Indeed the deal is very good, it's a business contact that has pretty much offered me the car for the money a main dealer offered to buy it for.
Timing is wrong really, had it have happened early part of the new year then I could have kept both without loans and it may have been an option.
Really enjoying my c4s so would like to keep it if I can.....
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