Flipped GT3.2's
Discussion
I’m sure there are genuine and wholly unapologetic speculators out there, and indeed their profit-seeking is upsetting for us enthusiasts. But I’m also sure that not all cars being sold after very short ownership are being flipped for money-grabbing purposes only. There’s a very long lead time on these cars. I paid my deposit over six months before getting my car, and put in the LOI over two years before that. Life can take unexpected turns: the breakdown of a marriage, ill-health, bereavement, loss of employment, moving to another country - plenty of legitimate reasons why what might have seemed like a sensible purchase months earlier just doesn’t fit the bill anymore after taking delivery. So what should an owner do at that point? Sell it on at List price, thereby gifting free money to a buyer they know nothing about and have zero relationship with? Would you hand free cash to a stranger? Worse: what if they wanted to, but simply can’t afford to lose the cash, because they need it for their divorce, or their bills, or to tide them over until they next find employment?
It’s easy to generalise and to demonise people. I sleep better giving people the benefit of the doubt first.
It’s easy to generalise and to demonise people. I sleep better giving people the benefit of the doubt first.
That’s an ask and a half.
Great for him if he gets it (through gritted teeth) but given:
- where the economy is headed (middling to down)
- interest rates (up) and
- the price of existing 991.1 GT3 and RSs (down),
you’d have to have exceptionally deep pockets or lacking in sense to be willing to lose 70-80 grand on that car in a couple of years....
Great for him if he gets it (through gritted teeth) but given:
- where the economy is headed (middling to down)
- interest rates (up) and
- the price of existing 991.1 GT3 and RSs (down),
you’d have to have exceptionally deep pockets or lacking in sense to be willing to lose 70-80 grand on that car in a couple of years....
anonymous said:
[redacted]
Well the question is whether genuine reasons for flipping represent a disappearing minority of cases (in which case flippers as a species rightly ought to be regarded with nothing more than disdain), or if it is the other way around, namely that life commonly takes unexpected turns, and that there’s a majority of genuine reasons for selling out there. Looking at the maths is revealing. If you take published statistics, there’s approximately a 6.5% probability for any of us succumbing to either (a) illness, (b) bereavement, (c) loss of employment, (d) moving country, or (e) marriage breakdown in any 6-month window between the ages of 40-55. With 250-odd GT3s delivered, that would suggest more than 16 owners with genuine reasons for flipping at this stage. There are just 2 for sale at present. So even if there were 20 for sale at this point, chances are the vast majority could have legitimate reasons....Salamander1978 said:
you’d have to have exceptionally deep pockets or lacking in sense to be willing to lose 70-80 grand on that car in a couple of years....
That was normal depreciation even on GT cars a few years ago £140K cars were bought by people who could afford the depreciation - those days will return.Salamander1978 said:
you’d have to have exceptionally deep pockets or lacking in sense to be willing to lose 70-80 grand on that car in a couple of years....
But if you are not an enthusiast so didn’t have the necessary relationship with an OPC but had very deep pockets and the desire to have the very latest for bragging rights why wouldn’t you?Expect to see one at your Premiership training ground car park very soon...
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The thing is though if Porsche actually did say they would build to order, the overall mad scramble for cars as cmoose says would pretty much instantly tank and they would actually end up selling a lot less cars. The way Porsche have managed production on the 9X1 GT cars has been quite impressive, dripfeed in small allocations to seem as it's going to be rare and it massively feeds the hype but keep on getting cars out in the end such that the gen1 gt3 and RS have been made in almost certainly greater numbers than the combined 997 generation of cars.
topboss said:
I know of a high spec delivery mileage GT3 (CS/PCCB etc) being sold for 160k last week. This was a private sale.
Car was offered out to a few dealers all of whom passed on the opportunity at those levels.
I was offered also offered a CS/PCCB GT3 last week by an independent for £180k (the car hadn't even been collected from the OPC yet!). The same independent also had another GT3 lined up in the pipeline.Car was offered out to a few dealers all of whom passed on the opportunity at those levels.
Plenty of cars are still being flipped, its just they are being behind close doors this time (even the OPC's are in on it in some cases).
n17ves said:
Plenty of cars are still being flipped, its just they are being behind close doors this time (even the OPC's are in on it in some cases).
Really ? OPC's are in on cars being flipped ? I find that hard to believe given change in policy over the last year or two....say £20k profit on a single car vs getting you knuckles very badly rapped by Porsche GB ? My understanding is Porsche GB are now taking a very dim view of OPC's supplying cars that end of getting flipped. Cheib said:
n17ves said:
Plenty of cars are still being flipped, its just they are being behind close doors this time (even the OPC's are in on it in some cases).
Really ? OPC's are in on cars being flipped ? I find that hard to believe given change in policy over the last year or two....say £20k profit on a single car vs getting you knuckles very badly rapped by Porsche GB ? My understanding is Porsche GB are now taking a very dim view of OPC's supplying cars that end of getting flipped. Porsche GB don't care, they are just a distubutor.
n17ves said:
Cheib said:
n17ves said:
Plenty of cars are still being flipped, its just they are being behind close doors this time (even the OPC's are in on it in some cases).
Really ? OPC's are in on cars being flipped ? I find that hard to believe given change in policy over the last year or two....say £20k profit on a single car vs getting you knuckles very badly rapped by Porsche GB ? My understanding is Porsche GB are now taking a very dim view of OPC's supplying cars that end of getting flipped. Porsche GB don't care, they are just a distubutor.
From what I've been told by my OPC Prosche GB do care. As with all these things each OPC is different though.
Cheib said:
I've seen other people on here saying OPC's are banned from selling cars at a premium to list whilst they're still in production. Didn't GT4's have to be removed from websites because of this ?
From what I've been told by my OPC Prosche GB do care. As with all these things each OPC is different though.
I can assure you Porsche GB don't care, I've literally been speaking to them daily for the last 6 months after been banned from local OPC (THATS RIGHT, BANNED!!)From what I've been told by my OPC Prosche GB do care. As with all these things each OPC is different though.
And with regards to not been able advertising on Porsche approved (Porsche Germany instructions), doesn't stop 'deals' been done.
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