Cayman 987.2 Purchases Fears

Cayman 987.2 Purchases Fears

Author
Discussion

KeithThomson

Original Poster:

66 posts

86 months

Friday 28th April 2017
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Hi all,

Been looking into a 2010 Cayman 2.9 manual. It has just over 20k on the clock and has had 5 previous owners. Had 5 services in its life, second was non porsche, but then 6 months later seems to have been re-done by Porsche. 4/5 are official Porsche.

Seemed to drive nicely. My questions - is 5 owners a worry on such a low mileage car? I want to get a Porsche warranty but my fear is that I'm in the unknown for three months until it is eligible. Is any good inspection enough to put my mind at ease for the three months that it wont die! Thanks!

Twinfan

10,125 posts

105 months

Friday 28th April 2017
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You could get the OPC check done pre-purchase, then you'd know biggrin

KeithThomson

Original Poster:

66 posts

86 months

Friday 28th April 2017
quotequote all
Twinfan said:
You could get the OPC check done pre-purchase, then you'd know biggrin
That was a consideration but from what I read they aren't really that in depth and are just a checkbox for the warranty? Correct me if I'm wrong I would love if the OPS check May highlight potential failures.

To reiterate. My concern isn't passing the inspection, it's the car dying before I'm allowed to buy a warranty!

bitchstewie

51,492 posts

211 months

Friday 28th April 2017
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I'd say 1 bad owner is much worse than 5 good owners.

GT4P

5,219 posts

186 months

Friday 28th April 2017
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bhstewie said:
I'd say 1 bad owner is much worse than 5 good owners.
Don't know how you work that one out!
One owner over 6 years or a new owner every 12 months?
Personally wouldn't touch a car with 5 owners over short period (less than 15years)especially a base model although GT cars are different story!
Walk away if not sure as plenty of nice cars around! Should have at least the first 4 years opc service and then respected Indy!

Edited by GT4P on Friday 28th April 18:06

bitchstewie

51,492 posts

211 months

Friday 28th April 2017
quotequote all
GT4P said:
Don't know how you work that one out!
One owner over 6 years or a new owner every 12 months?
Personally wouldn't touch a car with 5 owners over short period (less than 15years)especially a base model although GT cars are different story!
Walk away if not sure as plenty of nice cars around!
Seems common sense that if 1 owner rags the thing from cold every time they use it (for example) that's arguably worse than 5 who treat it with care.

The flip side is expensive cars often have lots of owners as people often shift the car on to avoid a looming bill even if it's just something routine.

I do agree with walk away if you're unsure.

jimmy p

960 posts

167 months

Friday 28th April 2017
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The cars are fairly reliable so I wouldn't worry about that much, the owner thing depends how long you intend keeping it for, if you are likely to want to shift it on in a year i would look elsewhere, if you keep it for a few years it wont be so bad, porsches do tend to swop hands regularly, doesnt necessarily make it a bad car. Most people spend a bit of money on a new car so that one has had 5 lots of people potentially spending on it!!

bcr5784

7,120 posts

146 months

Friday 28th April 2017
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GT4P said:
Walk away if not sure as plenty of nice cars around! Should have at least the first 4 years opc service and then respected Indy!

Edited by GT4P on Friday 28th April 18:06
Not sure I'd go along with that. A full opc history certainly can't be a bad thing, but might suggest an owner with more money than sense as much as a fastidious one.

mikefocke

78 posts

106 months

Friday 28th April 2017
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My first Boxster had 3 owners. My second is now on its fifth. A sports car is a car for a time in someone's life and often moves for a change in circumstances of the owner, not some defect in the car. Need to start a business, marriage, baby, divorce, age, infirmity, buy a house, no garage, no parking space ... the list goes on and on.

Buying one I always knew and verified the motivation of the seller. For my second I got a PPI and knew the car needed lots of relatively expensive things but that was priced into the price I was willing to pay. Was all that certainty? Heck no. I could have had a very expensive failure any time? In fact I was run into maybe 4 months after I bought my second. Stuff happens.

Interesting that you all in the UK have access to what we call extended warranty from the dealer where we in the US can buy such a warranty only from a third party but it is statistically a very bad purchase decision as the insurance company and the sellers make 65% of the purchase price.

Klippie

3,176 posts

146 months

Saturday 29th April 2017
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You didn't mention if it's a private sale or a dealer.

If it's private sale the current owner can submit the car for a 111 point check if it passes a warranty can be bought for the car right away, or if there is any work required it's a good haggling point i.e. the owner fixes any faults before you buy it.

If it's a dealer sale does the car come with a warranty, this should cover the car long enough till the Porsche warranty to kicks in.

Five owners...some people buy these cars to scratch an itch then quickly move them on, if you plan to do the same then as long as the price reflects this there's no worry.

Buy the best car you can afford there are some nice examples for sale, the value of lowish mileage 987.2 cars seems to be holding up well...sweet cars these you won't be disappointed.

KeithThomson

Original Poster:

66 posts

86 months

Saturday 29th April 2017
quotequote all
Klippie said:
You didn't mention if it's a private sale or a dealer.

If it's private sale the current owner can submit the car for a 111 point check if it passes a warranty can be bought for the car right away, or if there is any work required it's a good haggling point i.e. the owner fixes any faults before you buy it.

If it's a dealer sale does the car come with a warranty, this should cover the car long enough till the Porsche warranty to kicks in.

Five owners...some people buy these cars to scratch an itch then quickly move them on, if you plan to do the same then as long as the price reflects this there's no worry.

Buy the best car you can afford there are some nice examples for sale, the value of lowish mileage 987.2 cars seems to be holding up well...sweet cars these you won't be disappointed.
Sale would be from a non-porsche but relatively name brand dealer - not OPC.

I thought there was a 3 month waiting period on warranties before you could purchase?

Klippie

3,176 posts

146 months

Saturday 29th April 2017
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The current owner of the car can buy a Porsche warranty anytime as long as the car passes the 111 point check.

KeithThomson

Original Poster:

66 posts

86 months

Saturday 29th April 2017
quotequote all
Klippie said:
The current owner of the car can buy a Porsche warranty anytime as long as the car passes the 111 point check.
Are you completely sure? It's great if you are, but everything I read tells me the current owner must have owned it for 90 days.

Klippie

3,176 posts

146 months

Sunday 30th April 2017
quotequote all
100%...when I bought mine some years back I asked the owner at the time if he would put a warranty on the car so I wouldn't have to wait the 90 days, he submitted the car to his local OPC they carried out the 111 point check...it passed...he put the warranty on it I paid him the extra cost and drove it home with two years Porsche warranty on it.

A dealers car could be different as there is no current owner so the 90 day period may stand for the Porsche warranty application, any reputable dealer will offer a warranty covering the major parts for your peace of mind.


Chris-ej578

3 posts

86 months

Tuesday 2nd May 2017
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If the car generally seems good, get a pre-purchase inspection from a good independant. If you go the OPC warranty route I expect you'll be obliged to have it serviced by them which will be expensive.

Wollemi

326 posts

133 months

Wednesday 3rd May 2017
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Fixed price servicing on 986 / 987 at OPC is currently £375 minor, £475 major. Is that a lot more than independent?

Rockster

1,510 posts

161 months

Thursday 4th May 2017
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KeithThomson said:
Hi all,

Been looking into a 2010 Cayman 2.9 manual. It has just over 20k on the clock and has had 5 previous owners. Had 5 services in its life, second was non porsche, but then 6 months later seems to have been re-done by Porsche. 4/5 are official Porsche.

Seemed to drive nicely. My questions - is 5 owners a worry on such a low mileage car? I want to get a Porsche warranty but my fear is that I'm in the unknown for three months until it is eligible. Is any good inspection enough to put my mind at ease for the three months that it wont die! Thanks!
Not sure how it works there but in the US the dealer can become the owner while the car is in its possession awaiting sale.

A car might have 5 owners thusly.

1st owner: The 1st owner is the original dealer/seller (if he sells the car to himself to improve (read inflate) his sales numbers).
2nd owner: The 1st private owner.
3rd owner: The 2nd seller. (A used car dealer.)
4th owner: The 2nd private owner.
5th owner: The 3rd seller. Another used car dealer.)

Sometimes a car can change hands between sellers and can have two owners with no true private owner between them. One can sometimes "see" this by the miles the car fails to accumulate in the hands of some owners. Real real low miles suggest the owner was a seller not a private owner.

The flip side is one can often tell how many private owners a car has had by the higher miles accumulated while the car was in the hands of a private owner. A private owner while he may not put that many miles on the car he puts way more miles on the car than a seller.

If you can't tell how many owners were private owners vs. sellers and if the high number of (possibly private) owners bothers you then walk away.

Otherwise you judge the car primarily on its condition and price.

LiamH66

691 posts

92 months

Thursday 4th May 2017
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Rockster said:
Not sure how it works there but in the US the dealer can become the owner while the car is in its possession awaiting sale.
Luckily (said with some irony) becoming the "keeper" of a car in the UK is relatively complex, so the number of owners on record is generally pretty accurate.

gadgit

971 posts

268 months

Thursday 4th May 2017
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Due to the fact that there are quite a few about for sale, I would not buy this car.
When you sell it, its got 6 owners ???
That then becomes a problem for you. You don't need this problem, so don't buy it.
It really is that simple......

Gadgit

Klippie

3,176 posts

146 months

Thursday 4th May 2017
quotequote all
Wollemi said:
Fixed price servicing on 986 / 987 at OPC is currently £375 minor, £475 major. Is that a lot more than independent?
£475 for a major service...where, I just had mine done and the bill was over £1000.