High prices for classic porsches
High prices for classic porsches
Author
Discussion

jackal

Original Poster:

11,251 posts

311 months

Thursday 12th June 2014
quotequote all
Buyer beware !

The very highest asking prices are NOT necessarily commensurate with the quality of pdi, dealer preaparation and aftersales/customer care. Quite the opposite in fact in at least one instance.


http://911uk.com/viewtopic.php?t=93733


Shocking reading to say the least.

Edited by jackal on Thursday 12th June 12:19

benjj

6,787 posts

192 months

Thursday 12th June 2014
quotequote all
"Classic Porsche dealer"

=

used car salesman

Some people are far too trusting. I would never, ever trust a used car dealer to deliver a car, far too easy for them to get paid and offload the motor and deal (or not) with any problems after that on their own terms.

I actually find specialist classic/marque dealers worse than the samosa tie knotted used Toyota bods. They all rest on their laurels far too much.

shoestring7

6,193 posts

275 months

Thursday 12th June 2014
quotequote all
I don't think its really that shocking. Some bloke pays near £100k for an old car without doing his research properly, gets it delivered with minor but annoying faults, he sends the dealer a few emails, has a web moan, then decides life's too short and has the problems fixed.

He could have spent his £100k on a stolen/smashed up/faked/clocked car. Then he'd have problems.

SS7

jackal

Original Poster:

11,251 posts

311 months

Thursday 12th June 2014
quotequote all
I'd say f&%$&%d clutch and brakes and broken Air Con are fairly major. Especially when said car was worth maybe 50k just a few months ago. You sound easy to please !

g7jhp

7,033 posts

267 months

Thursday 12th June 2014
quotequote all
jackal said:
I'd say f&%$&%d clutch and brakes and broken Air Con are fairly major. Especially when said car was worth maybe 50k just a few months ago. You sound easy to please !
It doesn't sound like they've done their homework on buying an older 911, which is freely available.

The car is overpriced, he hasn't checked up on the dealers reputation or had it independently inspected.

My guess is they've got caught up in the hype over aircooled Porsche and thought they'd got lucky on a blue chip car.

They'll be crying harder when this bubble pops!



shoestring7

6,193 posts

275 months

Thursday 12th June 2014
quotequote all
jackal said:
I'd say f&%$&%d clutch and brakes and broken Air Con are fairly major. Especially when said car was worth maybe 50k just a few months ago. You sound easy to please !
The dealer's aftersales and attitude has not been great - but both the clutch and a/c were working as I read it, but are showing signs of wear.

That dealer bought all the 993ts he could get his hands on not long ago and has been putting them on the market for an inflated inflated price recently. However, you can hardly blame him for making money in a rising market, but basically the buyer didn't do his research and has been burned; a 'nice' guy selling you a car as his profession is not your best friend.

SS7

hornbaek

3,831 posts

264 months

Thursday 12th June 2014
quotequote all
You lot surprise me. I would demand that all things are fixed or i want my money back. Curiously enough the buyer is better protected if he does not do an independent inspection solely relying on the dealers description. If the description does not match the car he can send it back no questions asked. If he does an inspection and then still takes delivery he is on the hook.

g7jhp

7,033 posts

267 months

Thursday 12th June 2014
quotequote all
The dealer of "Modern Classics" in question should be sorting out these issues out. Another cowboy outfit who's reputation will catch-up with them!

BTW Jackal: A 6 sided polygon is a Hexagon.

jackal

Original Poster:

11,251 posts

311 months

Thursday 12th June 2014
quotequote all
the clutch and slave cylinder need replacing
the aircon needs a regas minimum, but knowing a 993 probably a lot more costly than that
the brakes are screwed, SCOM know their 993's and if they say the brakes are fooked, then they are !
the dealer said the car was perfect and said the car has been through a full multipoint check
the car is a poor example and as such was likely rejected by other specialists for stock
one wonders what "ongoing classic car issues" the rest of their portfolio are harbouring !!

personally, if i bought a used car for 5k, i'd want the clutch and brakes to be working


that all said, I realise that there are lots of dealers on PH, so this thread will show an increasing tendency to focus on any naivety on the buyers part smile

mikem7709

986 posts

241 months

Thursday 12th June 2014
quotequote all
At least 911UK had the balls to allow the user to name and shame !

Penguinracer

1,765 posts

235 months

Thursday 12th June 2014
quotequote all

POORCARDEALER

8,663 posts

270 months

Thursday 12th June 2014
quotequote all
very poor preperation imo, yes its an oldish car but at 100k it needed to be superb...that said theres nothing terrible there and its easily sorted out.


bigunit00

890 posts

176 months

Thursday 12th June 2014
quotequote all
jackal said:
the clutch and slave cylinder need replacing
the aircon needs a regas minimum, but knowing a 993 probably a lot more costly than that
the brakes are screwed, SCOM know their 993's and if they say the brakes are fooked, then they are !
the dealer said the car was perfect and said the car has been through a full multipoint check
the car is a poor example and as such was likely rejected by other specialists for stock
one wonders what "ongoing classic car issues" the rest of their portfolio are harbouring !!

personally, if i bought a used car for 5k, i'd want the clutch and brakes to be working


that all said, I realise that there are lots of dealers on PH, so this thread will show an increasing tendency to focus on any naivety on the buyers part smile
I definitely wouldn't be giving up the fight on a list like that. Total disgrace and should be sorted by the dealer

Blib

48,052 posts

226 months

Thursday 12th June 2014
quotequote all
It seems that the purchaser mentioned in the OP didn't even drive the car. Which surprises me.

I've just today finalised the purchase of a 1990, 964, C4 targa. This car came with a full service history and a file of invoices as thick as your fist. Every old tax disk and MOT was present. The car had had a full, engine out rebuild, not just a top end seal job. Every body seal had been replaced and to my eye, the car looked perfect.

I took it for a test drive and it really was a well sorted, tight, perfectly mannered car. I was very impressed with the car and with the dealer too.

So, what did I do. Did I trust my instincts and the dealer's assurances? Did I heck! Before I handed over my cash, I spent nigh on £400 on an INDEPENDENT, full inspection by a reputable company.

The inspector knows far more about these cars than I do and he took over three hours, going over it, top to bottom with a fine tooth comb. He also test drove it himself.

The report - which runs to fifteen pages - gave the car a clean bill of health. Indeed, the inspector, Peter Morgan, was definitely surprised and impressed by it and told me that in his opinion, at the price I had paid it was a steal.

The moral of the story is, "If you don't bother to drive the car and you don't get an independent inspection, you leave yourself wide open to this sort of thing".

Such a shame for the OP and I'm not trying to exonerate the dealer. But, buying a classic car is more involved than buying a new fridge.

Had the chap done his homework thoroughly, he wouldn't be in such a situation.

I'm picking my car up on Saturday. Once the dealer has sorted out the little issues found by me and the independent inspector.

jackal

Original Poster:

11,251 posts

311 months

Thursday 12th June 2014
quotequote all
Blib said:
It seems that the purchaser mentioned in the OP didn't even drive the car. Which surprises me.

I've just today finalised the purchase of a 1990, 964, C4 targa. This car came with a full service history and a file of invoices as thick as your fist. Every old tax disk and MOT was present. The car had had a full, engine out rebuild, not just a top end seal job. Every body seal had been replaced and to my eye, the car looked perfect.

I took it for a test drive and it really was a well sorted, tight, perfectly mannered car. I was very impressed with the car and with the dealer too.

So, what did I do. Did I trust my instincts and the dealer's assurances? Did I heck! Before I handed over my cash, I spent nigh on £400 on an INDEPENDENT, full inspection by a reputable company.

The inspector knows far more about these cars than I do and he took over three hours, going over it, top to bottom with a fine tooth comb. He also test drove it himself.

The report - which runs to fifteen pages - gave the car a clean bill of health. Indeed, the inspector, Peter Morgan, was definitely surprised and impressed by it and told me that in his opinion, at the price I had paid it was a steal.

The moral of the story is, "If you don't bother to drive the car and you don't get an independent inspection, you leave yourself wide open to this sort of thing".

Such a shame for the OP and I'm not trying to exonerate the dealer. But, buying a classic car is more involved than buying a new fridge.

Had the chap done his homework thoroughly, he wouldn't be in such a situation.

I'm picking my car up on Saturday. Once the dealer has sorted out the little issues found by me and the independent inspector.
not sure i agree

whilst what you did was right for you and the safest course of action, plenty on this forum buy blind from places like 911V, SCOM, JZM, RSJ etc.

I would do the same as well

often in todays market you have to buy blind to have any chance of getting the thing before someone else does

the difference is the above are the cream of the dealers out there and they will sort anything that should be sorted and will stand by their word

Wozy68

5,436 posts

199 months

Thursday 12th June 2014
quotequote all
shoestring7 said:
jackal said:
I'd say f&%$&%d clutch and brakes and broken Air Con are fairly major. Especially when said car was worth maybe 50k just a few months ago. You sound easy to please !
The dealer's aftersales and attitude has not been great - but both the clutch and a/c were working as I read it, but are showing signs of wear.

That dealer bought all the 993ts he could get his hands on not long ago and has been putting them on the market for an inflated inflated price recently. However, you can hardly blame him for making money in a rising market, but basically the buyer didn't do his research and has been burned; a 'nice' guy selling you a car as his profession is not your best friend.

SS7
Rubbish the dealer has duty of care. He buys up stock inflates the price and then a punter buys a car maybe he always wanted, ie bought from the heart. That doesn't mean he deserves bad and shoddy service.
I read an article on the guy who runs this outfit and I wasn't impressed.
I was wondering when the thread on 911uk would get a bit more viral, glad it finally has.

Crimp a Length!

5,697 posts

252 months

Thursday 12th June 2014
quotequote all
Wozy68 said:
shoestring7 said:
jackal said:
I'd say f&%$&%d clutch and brakes and broken Air Con are fairly major. Especially when said car was worth maybe 50k just a few months ago. You sound easy to please !
The dealer's aftersales and attitude has not been great - but both the clutch and a/c were working as I read it, but are showing signs of wear.

That dealer bought all the 993ts he could get his hands on not long ago and has been putting them on the market for an inflated inflated price recently. However, you can hardly blame him for making money in a rising market, but basically the buyer didn't do his research and has been burned; a 'nice' guy selling you a car as his profession is not your best friend.

SS7
Rubbish the dealer has duty of care. He buys up stock inflates the price and then a punter buys a car maybe he always wanted, ie bought from the heart. That doesn't mean he deserves bad and shoddy service.
I read an article on the guy who runs this outfit and I wasn't impressed.
I was wondering when the thread on 911uk would get a bit more viral, glad it finally has.
Agreed.

mollytherocker

14,460 posts

238 months

Thursday 12th June 2014
quotequote all
Caveat emptor. Buyer beware.

Do your due diligence people.

bigunit00

890 posts

176 months

Thursday 12th June 2014
quotequote all
mollytherocker said:
Caveat emptor. Buyer beware.

Do your due diligence people.
But it's not though as buying from a dealer is supposed to give the consumer appropriate protection. Private sale totally agree

mollytherocker

14,460 posts

238 months

Thursday 12th June 2014
quotequote all
bigunit00 said:
mollytherocker said:
Caveat emptor. Buyer beware.

Do your due diligence people.
But it's not though as buying from a dealer is supposed to give the consumer appropriate protection. Private sale totally agree
At the end of the day, its down to you. The best dealers make mistakes you know!