No. of prev owners - effect on values
Discussion
Currently looking at a 1995 993 C2. It has had 9 previous owners. Its does have all the MOT's, a wad full of receipts and documents and the HPI is clear.
Does the number of previous owners matter when it comes to values? ie two similar aged cars with the same history, condition, etc but one has more owners - would you pay more for the lesser owned one?
Does the number of previous owners matter when it comes to values? ie two similar aged cars with the same history, condition, etc but one has more owners - would you pay more for the lesser owned one?
I sold an eight year old 993 C2 that had had seven owners in eight years and I had owned it for two of them! It also had one owner who had owned it twice!
It sold at market rate although probably took a couple of weeks extra to shift.
I should have kept it and would probably have got an extra £15k now
It sold at market rate although probably took a couple of weeks extra to shift.
I should have kept it and would probably have got an extra £15k now
"Sorry the number of owners is hitting the offer I can make you, we'll have trouble shifting it ourselves"
"Yeah I know it's had a lot of owners but every change has meant the dealer performed a full nut and bolt rebuild on the car turning back to new each time, that's why it's priced so high"
Take your pick....
SM
"Yeah I know it's had a lot of owners but every change has meant the dealer performed a full nut and bolt rebuild on the car turning back to new each time, that's why it's priced so high"
Take your pick....
SM
Buy on condition is my mantra. And someone changing a 993 every year or 2 is no big deal. I have had 4 Porsches and the first 2 I only had for a year each before moving on to a different spec 911.
I discussed this before with some car mates. We agreed that more owners could be a good thing. You buy a new car, lavish money on it to bring it up to your spec then have to sell due to circumstances. The next owner does the same and so on. Or..........you buy a car keep it for 15 years, the first 2 you lavish your time and money on it. Then you get bored and just use it as a form of transport year in year out and don't look after it as it's not your new toy.
The above could be the case or not, still refer to my first comment and you'll be fine. Get a proper ppi and make sure it has had parts replaced as they wear and what does it matter if it has had 1 owner or 10? Often cars like Turbos or GT3's will have several owners in 1 year.
I discussed this before with some car mates. We agreed that more owners could be a good thing. You buy a new car, lavish money on it to bring it up to your spec then have to sell due to circumstances. The next owner does the same and so on. Or..........you buy a car keep it for 15 years, the first 2 you lavish your time and money on it. Then you get bored and just use it as a form of transport year in year out and don't look after it as it's not your new toy.
The above could be the case or not, still refer to my first comment and you'll be fine. Get a proper ppi and make sure it has had parts replaced as they wear and what does it matter if it has had 1 owner or 10? Often cars like Turbos or GT3's will have several owners in 1 year.
I think there's an argument for new owners lavishing money on it and long termers getting complacent. It's hard to know which car you're looking at but to be honest the one that's subject of this post seems entirely reasonably and I wouldn't consider owner count as a plus or minus.
SM
SM
Fulla said:
Buy on condition is my mantra. And someone changing a 993 every year or 2 is no big deal. I have had 4 Porsches and the first 2 I only had for a year each before moving on to a different spec 911.
I discussed this before with some car mates. We agreed that more owners could be a good thing. You buy a new car, lavish money on it to bring it up to your spec then have to sell due to circumstances. The next owner does the same and so on. Or..........you buy a car keep it for 15 years, the first 2 you lavish your time and money on it. Then you get bored and just use it as a form of transport year in year out and don't look after it as it's not your new toy.
The above could be the case or not, still refer to my first comment and you'll be fine. Get a proper ppi and make sure it has had parts replaced as they wear and what does it matter if it has had 1 owner or 10? Often cars like Turbos or GT3's will have several owners in 1 year.
Agreed. People spot an older car, fall for it, get it home and get it perfect then sell it after not using it much. Its a familiar story.I discussed this before with some car mates. We agreed that more owners could be a good thing. You buy a new car, lavish money on it to bring it up to your spec then have to sell due to circumstances. The next owner does the same and so on. Or..........you buy a car keep it for 15 years, the first 2 you lavish your time and money on it. Then you get bored and just use it as a form of transport year in year out and don't look after it as it's not your new toy.
The above could be the case or not, still refer to my first comment and you'll be fine. Get a proper ppi and make sure it has had parts replaced as they wear and what does it matter if it has had 1 owner or 10? Often cars like Turbos or GT3's will have several owners in 1 year.
Id rather buy a car with lots of owners and reciepts than one with low owners and a scant history. Some people own these cars for a long period and get bored with the car so the maintenance suffers
18 year old car. Assume the dealer did a pre-reg (1 owner), then every owner thereafter has it on 2 year finance. Seems about right for age.
I'd agree with the statement that a lot of owners could be indicative of potential trouble but check the paperwork and judge the seller's reasons for selling. Could be as simple as the sum above and the logbook will tell you that.
I've seen some cars (993/964) where restoration work has proved uneconomic and there has been a cycle of onward selling thus pushing the number of owners up. It sometimes comes down to poor assessment of the costs of restoration on the part of previous owners, not a lack of potential in the car so I learnt quite a while ago that not getting hung up is a good thing.
I'd agree with the statement that a lot of owners could be indicative of potential trouble but check the paperwork and judge the seller's reasons for selling. Could be as simple as the sum above and the logbook will tell you that.
I've seen some cars (993/964) where restoration work has proved uneconomic and there has been a cycle of onward selling thus pushing the number of owners up. It sometimes comes down to poor assessment of the costs of restoration on the part of previous owners, not a lack of potential in the car so I learnt quite a while ago that not getting hung up is a good thing.
So many owners buy to scratch an itch and move on pretty quickly. The more esoteric the more owners usually.
My Turbo has 6 owners in 6 years. The owner before me was in Miami for most of his time with the car, the owner prior to him bought from and OPC and didn't use it either, apparently he had 6 Porsche's.
Buy on condition.
My Turbo has 6 owners in 6 years. The owner before me was in Miami for most of his time with the car, the owner prior to him bought from and OPC and didn't use it either, apparently he had 6 Porsche's.
Buy on condition.
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