Sold my GT3

[Buster73]

jh001ace said:

I sold my comfort spec Dec 13, 9330 miles, £122k list to a dealer last month for £120k, I had a good 20 months motoring, used the car most days for general use. All round best car I have owned, and I was happy with the price.

A similar car at Porsche Mayfair for £135 k , might give an indication of the mark up used on cars that retail,at that sort of price.

[throt]

Buster73 said:

jh001ace said:

I sold my comfort spec Dec 13, 9330 miles, £122k list to a dealer last month for £120k, I had a good 20 months motoring, used the car most days for general use. All round best car I have owned, and I was happy with the price.

A similar car at Porsche Mayfair for £135 k , might give an indication of the mark up used on cars that retail,at that sort of price.

120k for a Dec 13 car. Still selling for good money then.

[Buster73]

throt said:

120k for a Dec 13 car. Still selling for good money then.

I've kept my eye on the Porsche website and to be honest there's a good few GT3 that have been for sale for quite a bit now , saying that the same can be said for quite a few 991 models.

[m33ufo]

DonGT3 said:

I just sold my 2014 GT3 comfort spec with 5k miles to a main dealer for 110k.

You should have posted before trading it.

Would have been an easy sale at £120K.

[nigelonich]

Very honest of you. All aspects considered I think £110k was OK. Not good and not bad either.

Selling a car private for above £100k is not a walk in the park.

The engine issue is the stinker in this edition of the GT3. The GT4 is obviously fine......

[jh001ace]

Buster73 said:

A similar car at Porsche Mayfair for £135 k , might give an indication of the mark up used on cars that retail,at that sort of price.

That's the one, great OPC to deal with.j

[av185]

nigelonich said:

The engine issue is the stinker in this edition of the GT3.

Why?

It has never been an issue since being fixed......if it had been they wouldn t have gone up to c £170k and currentlynstill be selling over list.

[drmark]

av185 said:

Why?

It has never been an issue since being fixed......if it had been they wouldn t have gone up to c £170k and currentlynstill be selling over list.

"It has never been an issue since being fixed." Really? Not what other owners report - including those who have had their replacement engine replaced. May be fixed now - hopefully - but not a confidence inspiring start given how few miles most cars have done.

[magnum555]

£20k markup by the dealer, OP you've been ripped off over well and truly.

[hondansx]

drmark said:

av185 said:

Why?

It has never been an issue since being fixed......if it had been they wouldn t have gone up to c £170k and currentlynstill be selling over list.

"It has never been an issue since being fixed." Really? Not what other owners report - including those who have had their replacement engine replaced. May be fixed now - hopefully - but not a confidence inspiring start given how few miles most cars have done.

Sweeping generalisation there. No mention of it on Rennlist (a huge Porsche forum). There's sticky thread with more than half a million views yet nothing dedicated to this problematic engine you speak of?

Given the car has a warranty (that can now be extended until the 15th year it seems), i wonder why anyone would really care. I have one, and it's never entered my mind as a concern.

[av185]

drmark said:

av185 said:

Why?

It has never been an issue since being fixed......if it had been they wouldn t have gone up to c £170k and currentlynstill be selling over list.

"It has never been an issue since being fixed." Really? Not what other owners report - including those who have had their replacement engine replaced. May be fixed now - hopefully - but not a confidence inspiring start given how few miles most cars have done.

Apparantly there have been a small number of later cars affected by valvetrain issues and as a precaution Porsche saw fit to replace the engines on these. Remember this is of course a' new' engine....not dissimilar to both the e46 and x90 92 engine rebuilds and renewal affecting M3s.

[Soov535]

DonGT3 said:

I just sold my 2014 GT3 comfort spec with 5k miles to a main dealer for 110k. It is only now that I have had the time to look at the prices online and I see they are being priced well above this. I know the dealer has to make money on this, but I think now that I have let it go really cheap. I just wondered what you guys think about this price? Did I sell to cheap?

You sold an asset worth over a hundred bags without actually checking what it's market worth is?

Wind up.

[hondansx]

Maybe he's loaded and would rather forego a ballache for the sake of a few grand?

There isn't a single GT3 for sale privately in the classfieds. If people still think they are getting way over list for their cars, they are kidding themselves. The elevated prices are down to dealers needing to make a margin; the actually owner isn't making much.

[av185]

magnum555 said:

£20k markup by the dealer, OP you've been ripped off over well and truly.

Not really.

Yes its a £20k markup but at £129k they will be attracting bids of nearer £120k even on this car especially having regard to the time of year. Factor in dealers required margins (London clearly highest in UK) VAT stocking costs px etc etc and a net profit of c£6k would be realistic.

[jimmyslr]

av185 said:

magnum555 said:

£20k markup by the dealer, OP you've been ripped off over well and truly.

Not really.

Yes its a £20k markup but at £129k they will be attracting bids of nearer £120k even on this car especially having regard to the time of year. Factor in dealers required margins (London clearly highest in UK) VAT stocking costs px etc etc and a net profit of c£6k would be realistic.

This is spot on. I think 110k is sensible bid. I can't see any dealers paying top dollar at this time of year when they could be holding it for a few months.

I think the OP did fine and if he's happy then good for him. He has a relationship with a dealer, they bid a fair price in his mind. Maybe when he's back in the Porsche market they will look on him favourably - what goes around comes around.

[drmark]

hondansx said:

Sweeping generalisation there. No mention of it on Rennlist (a huge Porsche forum). There's sticky thread with more than half a million views yet nothing dedicated to this problematic engine you speak of?

Given the car has a warranty (that can now be extended until the 15th year it seems), i wonder why anyone would really care. I have one, and it's never entered my mind as a concern.

You misunderstand me. I was replying to a sweeping generalisation that there have "never" been any issues since the first debacle was fixed. Not so. One poster on here - at least - is on his third engine, and there has been a subsequent valve train recall for others. Let's hope that is the end of it. But given most cars have done less than 10K, only time will tell. Seems a fair summary to me. I love the car and not knocking it, just suggesting that it has hardly got off to a good start engine wise.

[magnum555]

av185 said:

magnum555 said:

£20k markup by the dealer, OP you've been ripped off over well and truly.

Not really.

Yes its a £20k markup but at £129k they will be attracting bids of nearer £120k even on this car especially having regard to the time of year. Factor in dealers required margins (London clearly highest in UK) VAT stocking costs px etc etc and a net profit of c£6k would be realistic.

Net profit of 6k are you for real? They will not be reducing the price and if they were to take a part ex then they will have an even bigger mark up.

[nigelonich]

av185 said:

nigelonich said:

The engine issue is the stinker in this edition of the GT3.

Why?

It has never been an issue since being fixed......if it had been they wouldn t have gone up to c £170k and currently still be selling over list.

No hard feelings but the second engines fitted to the 991 GT3 have had failures. What is more important is that upon looking at 991 GT3 at the front of my OPC for sale recently around the back was a 991 GT3 I know was on its second engine sat without it fitted and in bits in the workshop. even if the car does have warranty its not much use when you dont have your toy to enjoy in the peak of the season as its hardly going to fail in winter when its wrapped up.

I really hope they are all ok now as id love one in the future but I continue to lurk.

[Buster73]

magnum555 said:

£20k markup by the dealer, OP you've been ripped off over well and truly.

Not really , happy seller, happy buyer , everyone's happy , cannot see what the issue is to be honest.

If he was being ripped off surely he wouldn't have sold it in the first place ?

[DonGT3]

jimmyslr said:

This is spot on. I think 110k is sensible bid. I can't see any dealers paying top dollar at this time of year when they could be holding it for a few months.

I think the OP did fine and if he's happy then good for him. He has a relationship with a dealer, they bid a fair price in his mind. Maybe when he's back in the Porsche market they will look on him favourably - what goes around comes around.

Yes this was part of my thinking. Have bought a few cars form this dealer now and will be back to them very soon I hope.
Sure maybeI could have got 120k from someone else, but as you say - what goes around.