991.2 GT3 sell now or keep dilemma
Discussion
Porsche911R said:
I guess anything famous or mainstream must have booking way way down.
Correct, famous is no longer guaranteed success and anything mainstream is out and specialists are in despite what the two Walts who probably always 'dined' at Jamie Olivers/Pizza Hut say on here lol.Taffy66 said:
Thanks for adding balance to the debate..I suppose it depends on what sector you're in !.Hopefully things will improve after we leave the UK and start making lucrative trade deals with the ROW.
Car sales and car manufacturing are the lowest its been in years in the UK..
Car sales were always going to go down.Car sales and car manufacturing are the lowest its been in years in the UK..
Pcp is now rife, cars last longer, car super markets are flooded with 2 year old 20k mile ex Pcp Cars. Poorer people keep these cars longer as they don’t go wrong.
So not a growth issue, I said on here this would happen 5 or 6 years ago, it’s common sense and basic supply and demand,
Bit like phone sales etc.
This is a massive issue for higher priced car like Macans etc.
NO buyers !!! Of 2nd hand ones at £30k.
Every one I know is better off the last few years, wages up, gas, electricity, adsl , sim contracts all down vs wage rises !! petrol cheap and personal TAx now up at £10k.
Clothes also down.
I have noticed more disposable income from say 3 years ago.
Petrol was 1.40 in 2012 and people only had a 6k tax free limit.
Ave wages are up...
I am not seeing the doom and gloom, but I am not poor or rich as are none of my friends. All seem to be doing ok.
I have 30 odd clients in all area's of businesses all seem to be ok.
Uk manafacture is up with my clients who make stuff.
People are only in dept due to greed these days imo, ie people on £30k but want a £60k car and will pay £700 a month to show off.
Normal living costs imo are pretty cheap , as I say they seem down vs wage rises. And you can buy a very nice car for £10k
When I was younger £10k did not get you much.
The ave person imo has a high living standard. Vs people in the 60's , 70's , 80's.
2 people on £25k each can live pretty well out of London.
As for people on £40k plus most can afford a super car now days, back when I was 25 , you did not see the slightly above ave wage earner driving a supercar.
As an example all coffee shops are packed out every where, people happy to pay £3 a coffee and pay a fiver for a sandwich!!
Eating out was a luxury, now you cannot get a Saturday night booking !
I'd been vaguely considering getting something silly to blat about in over summer - a 993 or an F355, along those lines.
Idea (such as it is) would be to buy it with finance, with some sort of balloon arrangement and then flog it in (say) October.
Overall costs for something to take down to the Alps and some summer A-road fun could be relatively low.
However, this isn't a normal year- there are a number of scenarios, the most likely of which:
- Johnson caves and extends transition, things continue much as today, with the country slowly going downhill as business invests elsewhere. Probably ok as this won't impact the economy in a way that is tangible for the 993 buying classes. Probably an election in Autumn as Johnson will have to use Labour votes to get the transition extension through, but despite political turmoil as a now constant background we'll have business certainty for a couple of years. Based on the total absence of any preparations to leave (for e.g. massive customs facilities, lorry parking, SPS inspection yards etc at Dover), this has to be highly likely. 993 or F355 buying is therefore ok
- Johnson doesn't U-turn and agree to an extension. We're in for severe turbulence as business will have a) total certainty that we go off the cliff and b) six months to do something about it. Farmers lose a big chunk of their subsidy, with the prospect of losing the rest very shortly, Nissan, Airbus and so forth start shutting down/shifting to the EU. Johnson might keep his job through this, depends on whether we get a competent opposition and how significant the reaction to multiple large scale job losses and so on are. Trying to sell an LHD F355 into this market would be, I suspect, challenging.
- Johnson folds late in the year, accepting the majority of the EU's terms. This isn't as damaging as 2, but is far worse than 1. I think it would look much like 2 right up until Johnson does what he did last time, and accepts all the EU's demands whilst selling it as victory. Again, trying to sell a 993 C2 into this would be hard.
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
Idea (such as it is) would be to buy it with finance, with some sort of balloon arrangement and then flog it in (say) October.
Overall costs for something to take down to the Alps and some summer A-road fun could be relatively low.
However, this isn't a normal year- there are a number of scenarios, the most likely of which:
- Johnson caves and extends transition, things continue much as today, with the country slowly going downhill as business invests elsewhere. Probably ok as this won't impact the economy in a way that is tangible for the 993 buying classes. Probably an election in Autumn as Johnson will have to use Labour votes to get the transition extension through, but despite political turmoil as a now constant background we'll have business certainty for a couple of years. Based on the total absence of any preparations to leave (for e.g. massive customs facilities, lorry parking, SPS inspection yards etc at Dover), this has to be highly likely. 993 or F355 buying is therefore ok
- Johnson doesn't U-turn and agree to an extension. We're in for severe turbulence as business will have a) total certainty that we go off the cliff and b) six months to do something about it. Farmers lose a big chunk of their subsidy, with the prospect of losing the rest very shortly, Nissan, Airbus and so forth start shutting down/shifting to the EU. Johnson might keep his job through this, depends on whether we get a competent opposition and how significant the reaction to multiple large scale job losses and so on are. Trying to sell an LHD F355 into this market would be, I suspect, challenging.
- Johnson folds late in the year, accepting the majority of the EU's terms. This isn't as damaging as 2, but is far worse than 1. I think it would look much like 2 right up until Johnson does what he did last time, and accepts all the EU's demands whilst selling it as victory. Again, trying to sell a 993 C2 into this would be hard.
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
Dammit said:
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
Not exactly insurance but you could do some hedging. Invest in something that traditionally goes up when classic car prices go down.Dammit said:
I'd been vaguely considering getting something silly to blat about in over summer - a 993 or an F355, along those lines.
Idea (such as it is) would be to buy it with finance, with some sort of balloon arrangement and then flog it in (say) October.
Overall costs for something to take down to the Alps and some summer A-road fun could be relatively low.
However, this isn't a normal year- there are a number of scenarios, the most likely of which:
- Johnson caves and extends transition, things continue much as today, with the country slowly going downhill as business invests elsewhere. Probably ok as this won't impact the economy in a way that is tangible for the 993 buying classes. Probably an election in Autumn as Johnson will have to use Labour votes to get the transition extension through, but despite political turmoil as a now constant background we'll have business certainty for a couple of years. Based on the total absence of any preparations to leave (for e.g. massive customs facilities, lorry parking, SPS inspection yards etc at Dover), this has to be highly likely. 993 or F355 buying is therefore ok
- Johnson doesn't U-turn and agree to an extension. We're in for severe turbulence as business will have a) total certainty that we go off the cliff and b) six months to do something about it. Farmers lose a big chunk of their subsidy, with the prospect of losing the rest very shortly, Nissan, Airbus and so forth start shutting down/shifting to the EU. Johnson might keep his job through this, depends on whether we get a competent opposition and how significant the reaction to multiple large scale job losses and so on are. Trying to sell an LHD F355 into this market would be, I suspect, challenging.
- Johnson folds late in the year, accepting the majority of the EU's terms. This isn't as damaging as 2, but is far worse than 1. I think it would look much like 2 right up until Johnson does what he did last time, and accepts all the EU's demands whilst selling it as victory. Again, trying to sell a 993 C2 into this would be hard.
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
Why are you worrying about all that? By then maybe the corona virus will have infected everyone and the economy will be in meltdown anyway. Or, maybe you'll buy the car and its engine will blow. Who knows what's going to happen. Buy it and enjoy it, life's too short! Idea (such as it is) would be to buy it with finance, with some sort of balloon arrangement and then flog it in (say) October.
Overall costs for something to take down to the Alps and some summer A-road fun could be relatively low.
However, this isn't a normal year- there are a number of scenarios, the most likely of which:
- Johnson caves and extends transition, things continue much as today, with the country slowly going downhill as business invests elsewhere. Probably ok as this won't impact the economy in a way that is tangible for the 993 buying classes. Probably an election in Autumn as Johnson will have to use Labour votes to get the transition extension through, but despite political turmoil as a now constant background we'll have business certainty for a couple of years. Based on the total absence of any preparations to leave (for e.g. massive customs facilities, lorry parking, SPS inspection yards etc at Dover), this has to be highly likely. 993 or F355 buying is therefore ok
- Johnson doesn't U-turn and agree to an extension. We're in for severe turbulence as business will have a) total certainty that we go off the cliff and b) six months to do something about it. Farmers lose a big chunk of their subsidy, with the prospect of losing the rest very shortly, Nissan, Airbus and so forth start shutting down/shifting to the EU. Johnson might keep his job through this, depends on whether we get a competent opposition and how significant the reaction to multiple large scale job losses and so on are. Trying to sell an LHD F355 into this market would be, I suspect, challenging.
- Johnson folds late in the year, accepting the majority of the EU's terms. This isn't as damaging as 2, but is far worse than 1. I think it would look much like 2 right up until Johnson does what he did last time, and accepts all the EU's demands whilst selling it as victory. Again, trying to sell a 993 C2 into this would be hard.
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
AlienLifeForm said:
Dammit said:
So! Can I get insurance that covers the gap between what I paid for the car and what I sell it for, if for e,g, I buy it in May and sell it in October?
Not exactly insurance but you could do some hedging. Invest in something that traditionally goes up when classic car prices go down.av185 said:
Porsche911R said:
I guess anything famous or mainstream must have booking way way down.
Correct, famous is no longer guaranteed success and anything mainstream is out and specialists are in despite what the two Walts who probably always 'dined' at Jamie Olivers/Pizza Hut say on here lol.^Savage.
In terms of hedging, as has been said the question would be what? Logically, something that will go up as the economy goes down, and by the same sort of amount as a classic sports car is likely to lose. I admit, I'm having difficulty thinking of what that could be at the moment - maybe a stake in a company that trains customs officers.
In terms of hedging, as has been said the question would be what? Logically, something that will go up as the economy goes down, and by the same sort of amount as a classic sports car is likely to lose. I admit, I'm having difficulty thinking of what that could be at the moment - maybe a stake in a company that trains customs officers.
Cheib said:
No idea how you’d hedge it ! And the problem is that even with prices off say 20% over the last two years they are still up massively over the last ten years so you could easily just see classic car prices sell off without anything else really moving just because they’re too high.
I’ve no idea. But then, buying a classic car and hoping to insure against losses is a baffling notion. If all else fails, Bitcoin is usually the answer. 
Dammit said:
^Savage.
In terms of hedging, as has been said the question would be what? Logically, something that will go up as the economy goes down, and by the same sort of amount as a classic sports car is likely to lose. I admit, I'm having difficulty thinking of what that could be at the moment - maybe a stake in a company that trains customs officers.
I'd be fairly sure that if anyone has a sure-fire way of making money during troubled economic times they're unlikely to be sharing it with us on a public forum.In terms of hedging, as has been said the question would be what? Logically, something that will go up as the economy goes down, and by the same sort of amount as a classic sports car is likely to lose. I admit, I'm having difficulty thinking of what that could be at the moment - maybe a stake in a company that trains customs officers.
You'd be able to have summer fun in a 986 or an MX5 and not 'invest' so much that you spend as much time watching share prices as you do driving.
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