C4S ?

Author
Discussion

911fan

Original Poster:

438 posts

275 months

Tuesday 4th February 2003
quotequote all

Please let me know your thoughts on the following:

Due to relocation, a chap at work needs to sell his Seal Grey C4S, with only 920 miles on the clock. He bought from an OPC.

It is a manual, and does not have Sat Nav.

How much do u think I should be tempted to offer him?

911Fan.

dazren

22,612 posts

276 months

Tuesday 4th February 2003
quotequote all
How long has he had it? You're probably looking at £5k or £6k less than he paid for it on the basis the OPC will probably be offering 6.5k less than he paid (assumes you know what he paid)

DAZ

Any amateur car traders care to comment.

C3 GTK

896 posts

270 months

Tuesday 4th February 2003
quotequote all
I'd start at 55K and be prepared to go up to 58K.
It really depends on how keen he is to sell?

bennno

13,899 posts

284 months

Tuesday 4th February 2003
quotequote all
they were 62,950 and are now 66k ish, but have a genuine 2 year waiting list at every dealer.

the ones i have seen are above list at dealers and specialists

it is the one to have, but its big bucks to finance.

its a definate sunday time jobbie, delers will take the piss and offer 55k but i think it could go for 58-60k whether privately or to somebody like tom hartley.

Bennno

rich1231

17,339 posts

275 months

Wednesday 5th February 2003
quotequote all
He should go back to his dealer.
My dealer gave me list for my C4S with 4000 miles on the clock back in July. They are still in demand, big time!!

clubsport

7,372 posts

273 months

Wednesday 5th February 2003
quotequote all
Prices are still good for this model...Assuming the car is all you say it is i will pay £58k for it today,as I know I can turn it for a bit of fun.
I am sure the opc will be keen as they can get someone waiting 2 years in a car now & it seems quite a few 4S owners go on to a turbo as the 4S is a bit heavy with the standard Carrera lump.

911fan

Original Poster:

438 posts

275 months

Wednesday 5th February 2003
quotequote all

Folks,

Cheers for that, he bought in new in Aug 02, but having spoken with him today, he says he thinks he can get 68K+ for it!

After I climbed back onto my chair, I thought I'd see what you all think?

911Fan.





dazren said: How long has he had it? You're probably looking at £5k or £6k less than he paid for it on the basis the OPC will probably be offering 6.5k less than he paid (assumes you know what he paid)

DAZ

Any amateur car traders care to comment.


clubsport

7,372 posts

273 months

Wednesday 5th February 2003
quotequote all
makes sense,,,thats why I was so keen to buy it today for £58k !!!!!!

911fan

Original Poster:

438 posts

275 months

Wednesday 5th February 2003
quotequote all

Dear clubsport,

What would you reckon it would lose in value over 12 months on that basis?

911fan.


clubsport said: makes sense,,,thats why I was so keen to buy it today for £58k !!!!!!




clubsport

7,372 posts

273 months

Wednesday 5th February 2003
quotequote all
A tricky one....if the thing is £68k new...I think it would still be worth about £60 odd in 12mths...Ok that is a hefty £8k hit...but what you tend to get is
1; more cars about
2; older 996 turbo will probably be only £10k more
3; it is still a lot of money,,,with new Porkers you tend to get buyers spending a lot, spend a bit more to get a new one..
4; risk is not that well weighted on the basis of city jobs / bonusses,stock market,housing etc...by this I mean the old days of getting your money back after a year are not looking so likely.

I have a 996 C2,before I picked it up,a friend & myself were thinking of buying C4s to arrive last Oct...these were coming in at just under £60k with all extras...ok euro currency was weaker at the time,but these cars are around

rich1231

17,339 posts

275 months

Wednesday 5th February 2003
quotequote all
I had my C4s delivered on 17th May 2002, had it for 2 months, did 4000 miles and brought it back to the dealer to move to a Turbo. They gave me exactly what I paid for the car.

clubsport

7,372 posts

273 months

Wednesday 5th February 2003
quotequote all
Rich...I know someone who also got their money back on full spec C2 cabrio after 7 months in exchange for a new X50 turbo.Nice deal ,but then again the Turbo is Porsches most profitable car.I guess they can afford to be a little more helpful.

Grant3

3,644 posts

270 months

Thursday 6th February 2003
quotequote all
You guys know your stuff, I think clubsport is spot on with his depreciation of a C4S. Although demand has been outstripping supply (hence overlist pricing) it has now caught up & prices are turning more realistic, you can always tell when the premium cars start appearing regularly at OPCs as they need to build their margins into the car & aren't allowed to sell for more than list !! I don't think this guy will get 68k for his C4S in the current market.
Those that got their full retail back when part exchanging , got a great deal. My local dealer offered me 9k less than list on an 11 month old (7k miles) car against a new Turbo.Because of this I decided to go private & purchased a 6 month old UK car (with 5k on the clock) with a great spec for 12k less than it would cost new.

911fan

Original Poster:

438 posts

275 months

Friday 7th February 2003
quotequote all

To update you all, the chap has now secured a sale for exactly 68K to a lady that didn't want to wait for a new one. The OPC offered him 61K!

marki

15,763 posts

285 months

Friday 7th February 2003
quotequote all

911fan said:
To update you all, the chap has now secured a sale for exactly 68K to a lady that didn't want to wait for a new one. The OPC offered him 61K!


The Boy did good ,,, thats a sweet deal for him , i am however a little supprised but i guess like most things its just finding the right Punter

clubsport

7,372 posts

273 months

Friday 7th February 2003
quotequote all
Amazed!!!!....sweet if you are on the list for a new model as you only have to add £4.5k....obviously new car will trade at a premium because of this.
Could you tell us which advertising medium your friend used please?

911fan

Original Poster:

438 posts

275 months

Friday 7th February 2003
quotequote all

Sure, he used our company intranet and a person re-locating from Frankfurt to London repsonded.





clubsport said: Amazed!!!!....sweet if you are on the list for a new model as you only have to add £4.5k....obviously new car will trade at a premium because of this.
Could you tell us which advertising medium your friend used please?


ChrisW.

7,625 posts

270 months

Saturday 8th February 2003
quotequote all
So, let's cut to the maths.
Dealer sells Turbo with full margin -- 10% ?
Dealer takes part-ex car at cost -£9k and sells at retail cost because there's a two year witing list.
No warranty costs --- because the new warranty is still in place, though he might have to pay for a first year service.
That's £15k + out of one punter and two sales.
What do you reckon ???
Would it be permissible to compare deals on the web ?