997 turbo prices
Discussion
example:
997 turbo, FSH, 45000 miles
anywhere this have a tradein value of 39K, dealer price 43K
almost all dealers want around 50K is this down to the hope that someone turns up not knowing the "real value" or? There is more than 150 997 turbos for sale in the classifieds so can't be that easy to sell.
In the market for a 997 turbo at the right price
997 turbo, FSH, 45000 miles
anywhere this have a tradein value of 39K, dealer price 43K
almost all dealers want around 50K is this down to the hope that someone turns up not knowing the "real value" or? There is more than 150 997 turbos for sale in the classifieds so can't be that easy to sell.
In the market for a 997 turbo at the right price
I think dealers are trying to take huge margins out of all luxury vehicles.I was quoted between 53-65k to trade my car in the summer,a car which the cheapest equivalent for sale was £85k at the time ,a car retailing at 50k would definitely be attracting bids of high 30s.I looked at an aston dbs....retail price 95-99k,the trade price I found out for the car is low 70s.
I suppose these types of car are hard to shift and they dont sell that many so they need huge margin in it,but I have been gobsmacked by the margins they are working on.
I suppose these types of car are hard to shift and they dont sell that many so they need huge margin in it,but I have been gobsmacked by the margins they are working on.
even at those margins if you take away all the overhead and wages
I bet they are not making anywhere near what they would like..
I bet a nice fancy showroom,employing 4-5 people in a nice part of town would cost
about 300k a year to run before you have added cost of prepping cars,insurance,telephones
Vat on profit. Etc etc..
Also factor in cars that depreciate and exaggerated part ex allowances to sweeten a deal
and cost of finance for buying stock
and it all boils down to having to sell 5-6 cars a week with a big margin just to break even..
Just my 2pence worth..
Paul
I bet they are not making anywhere near what they would like..
I bet a nice fancy showroom,employing 4-5 people in a nice part of town would cost
about 300k a year to run before you have added cost of prepping cars,insurance,telephones
Vat on profit. Etc etc..
Also factor in cars that depreciate and exaggerated part ex allowances to sweeten a deal
and cost of finance for buying stock
and it all boils down to having to sell 5-6 cars a week with a big margin just to break even..
Just my 2pence worth..
Paul
Try putting an advert up-private cash buyer, will beat any trade in for right spec etc etc
To be fair though, if a private buyer came offering me what I could get off the trade, I'd tell 'em where to go. Sweeten the deal a bit, say by offering 43-44k on a 997tt & both you & the vendor are quids in.
To be fair though, if a private buyer came offering me what I could get off the trade, I'd tell 'em where to go. Sweeten the deal a bit, say by offering 43-44k on a 997tt & both you & the vendor are quids in.
Speaking from experience here, I sold my 997 Turbo at the begining of October, a 2009 model with PCM 3 on a 58 plate with 12k miles, pristine example with only one previous owner.
I had it advertised around the £65k mark and I had at least two bids from OPC's one at £57k and one at £59k, both dealers told me that upon seeing the car they may go beyond that and they would both retail the car at between £65k and at a push £68k ...... I hope that puts everything into perspective !
I had it advertised around the £65k mark and I had at least two bids from OPC's one at £57k and one at £59k, both dealers told me that upon seeing the car they may go beyond that and they would both retail the car at between £65k and at a push £68k ...... I hope that puts everything into perspective !
franki68 said:
I think dealers are trying to take huge margins out of all luxury vehicles.I was quoted between 53-65k to trade my car in the summer,a car which the cheapest equivalent for sale was £85k at the time ,a car retailing at 50k would definitely be attracting bids of high 30s.I looked at an aston dbs....retail price 95-99k,the trade price I found out for the car is low 70s.
I suppose these types of car are hard to shift and they dont sell that many so they need huge margin in it,but I have been gobsmacked by the margins they are working on.
Dealers know that cars like Lambo's, Ferrari's etc and 7TT's to some extent are heart and not head purchases (generally speaking).I suppose these types of car are hard to shift and they dont sell that many so they need huge margin in it,but I have been gobsmacked by the margins they are working on.
Lots of private buyers are surprised by trade bids when they look at what dealer retail is; but I see a lot of cars sticking with dealers for months and months, which should indicate to them the dealer price is too strong.
There are people out there who will buy, but most who have the cash want a very good deal; it's the same with anything at the moment. Personally I see 2012 as a very bad year for car values generally - especially if the back of 2011 is anything to go by. Hope I am wrong.
Try5t said:
Dealers know that cars like Lambo's, Ferrari's etc and 7TT's to some extent are heart and not head purchases (generally speaking).
Agree on Lambo's and Ferrari's, but I think 997 turbo is more head as it's more practical. A 997 GT3 or RS on the other hand is more weekend focused so heart!Try5t said:
There are people out there who will buy, but most who have the cash want a very good deal; it's the same with anything at the moment. Personally I see 2012 as a very bad year for car values generally - especially if the back of 2011 is anything to go by. Hope I am wrong.
Agree I think people are being canny, and I think early 2012 will be bad!Durzel said:
Yawn.
People who own the cars will talk up the values.
People who want to own them but can't afford to will say anything to talk down the market.
If a car is too expensive for the market - dealer or private - it won't sell, pure and simple.
Yes and mass produced cars will never hold value. That's why some 993 turbos are already trading thru 997 turbos. 997 turbos are great cars and arguably better than a 993 turbo but there simply too many of them. People who own the cars will talk up the values.
People who want to own them but can't afford to will say anything to talk down the market.
If a car is too expensive for the market - dealer or private - it won't sell, pure and simple.
997 turbos will go to 996 turbo prices eventually pure and simple.
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