718 GT4 UK Allocations
Discussion
Redline88 said:
Very difficult market; maybe the 72k offer was on the money ! [quote=LamedonM]That winning bid was mind boggling low. Motorway off the cuff trade in value for 2022 GT4 are like £73-74K. During an insurance quote for a 2022 GT4, the automatic estimated value was £83400.00. So the seller would have got at least 8K more selling through internet[/quot
Remember Motorway is only an indication of what a trade person may pay. Having recently sold a car using motorway I can tell you the buyer made a bid online bid which we accepted and then negotiated off that bid once they viewed in person. We were happy to shift using motorway as it was a company car and the trade bids from We Buy Any car and the Trade were a lot lower. Trade being the worst.
Remember Motorway is only an indication of what a trade person may pay. Having recently sold a car using motorway I can tell you the buyer made a bid online bid which we accepted and then negotiated off that bid once they viewed in person. We were happy to shift using motorway as it was a company car and the trade bids from We Buy Any car and the Trade were a lot lower. Trade being the worst.
LamedonM said:
That winning bid was mind boggling low. Motorway off the cuff trade in value for 2022 GT4 are like £73-74K. During an insurance quote for a 2022 GT4, the automatic estimated value was £83400.00. So the seller would have got at least 8K more selling through internet
About on the money for that car with 11k miles av spec and requiring a fair amount of refurb and repainting including front end incl bonnet wings rear quarters and rear panels...not a cheap job if done properly esp as crappy ppf to deal with in the mix too.With fees thats £67000 so knocking on £70k when all done....about right for a trade sale retail indie would need to be AP £80k.
Augustash said:
Not sure what a base cost 2019/20 manual GT4 was and not many extras specd and auction prices wouldn’t be my way of getting max value but sometimes needs must.
Very few high specd cars as I’ve previously said are available and obviously the tap of new cars is turned off.
That car was c£75350 basic and around £82500 otr when new.Very few high specd cars as I’ve previously said are available and obviously the tap of new cars is turned off.
av185 said:
About on the money for that car with 11k miles av spec and requiring a fair amount of refurb and repainting including front end incl bonnet wings rear quarters and rear panels...not a cheap job if done properly esp as crappy ppf to deal with in the mix too.
With fees thats £67000 so knocking on £70k when all done....about right for a trade sale retail indie would need to be AP £80k.
I was going to say same I paid £75.5k (£8.5k difference) for a MY22 car in Nov from a dealer including fresh £1k service (that one has a 4 year one due this year), 2 year warranty (£1600), delivered on cover trailer to house (200 miles ~£300) and more expensive / some would say desirable spec (PDK, PDLS+, PCCB, dual zone etc).With fees thats £67000 so knocking on £70k when all done....about right for a trade sale retail indie would need to be AP £80k.
Whilst it was cheap and a bargain for a private buyer it wasn't crazy cheap compared to some deals that could be had before Christmas. I bet we see it re-appear at a dealer for £76,995.
GT4RS said:
From what I understand dealers are starting to become realistic between asking prices and sales prices. A friend in the trade, who is a sales manager of a larger dealer group said sales are dyer at the moment. His worlds were, we are now dealing with customers we would normal tell to fox trot oscar due to lack of sales.
Is a sub 70k early manual 718 gt4 that much of a shock. Newer Pdk later cars will obviously be far higher money .
Is a sub 70k early manual 718 gt4 that much of a shock. Newer Pdk later cars will obviously be far higher money .
There's always a huge gap between trade prices and screen prices, plus many individual things which play a part as to what price they may give on your car (independent price, OPC network price, if it's an outright buy versus a P/X, and what it's being p/x'd against i.e. how much profit is in the car being bought etc etc etc).
For example, I briefly considered chopping in our family wagon for a Taycan over the Xmas period. During the 'small talk' I mentioned to the OPC salesman I had a GT4, and he was all over me asking me to p/x that in as they could give me a good price etc. Out of curiosity I asked for an indicative figure and they said somewhere around £80-£83k, which I thought was really good for deepest darkest winter. My GT4 is a similar age/spec too SpyderMatt's car, but less milage. However, the key thing here is I know they had so much margin in the Taycan they were prob' offering me more to get the deal over the line. I was never going to p/x the GT4, but it shows another side to the story.
With this in mind the number I look at on a OPC used car is the used GFV being quoted on the finance (which unlike a new car, does take into consideration options, age, milage etc). That is the actual value figure VWFS are underwriting and predicting for future value. These numbers are available on the OPC finder against most cars using the 'calculate monthly payment' option which is under the price. There you can adjust the length of the term to see all the GFV's from VWFS. In case you don't know, GFV's only change on length of term being selected, not deposit amount etc, so they are fixed per car, not a persons financial circumstances)
When I bought my car new in July '22, I took a 2yr PCP on it (max deposit in so I only pay interest each month), therefore I am starting to look around at refinancing options for this July. My GFV is £67k (list price of car was £92k.), and I'm finding that if I take a 3 or 4 year refinancing PCP out on the GFV amount, they are quoting a GFV of £55k after 3 years and £50k after 4 years.
So worse case scenario, if I take it over 4 years then I will had a £42k drop from list (excluding interest) over a 6yr period. In my personal opinion that's incredible value for money, and if the market firms up and we do see the £appreciation some are predicting, then it will be less than that.
Out of curiosity I briefly thought of changing the GT4 for a 4RS, so I went and looked 4RS GFV's... now they are scary(!). No matter which way you look at them, if the underwritten GFV is part of your equation, then you'd take a GT4 over a 4RS each and every day.
I've always worked on the basis of cost over a term, not the screen or trade price alone. But, we're all different and do things differently, so my man maths may not be right for other people.
For example, I briefly considered chopping in our family wagon for a Taycan over the Xmas period. During the 'small talk' I mentioned to the OPC salesman I had a GT4, and he was all over me asking me to p/x that in as they could give me a good price etc. Out of curiosity I asked for an indicative figure and they said somewhere around £80-£83k, which I thought was really good for deepest darkest winter. My GT4 is a similar age/spec too SpyderMatt's car, but less milage. However, the key thing here is I know they had so much margin in the Taycan they were prob' offering me more to get the deal over the line. I was never going to p/x the GT4, but it shows another side to the story.
With this in mind the number I look at on a OPC used car is the used GFV being quoted on the finance (which unlike a new car, does take into consideration options, age, milage etc). That is the actual value figure VWFS are underwriting and predicting for future value. These numbers are available on the OPC finder against most cars using the 'calculate monthly payment' option which is under the price. There you can adjust the length of the term to see all the GFV's from VWFS. In case you don't know, GFV's only change on length of term being selected, not deposit amount etc, so they are fixed per car, not a persons financial circumstances)
When I bought my car new in July '22, I took a 2yr PCP on it (max deposit in so I only pay interest each month), therefore I am starting to look around at refinancing options for this July. My GFV is £67k (list price of car was £92k.), and I'm finding that if I take a 3 or 4 year refinancing PCP out on the GFV amount, they are quoting a GFV of £55k after 3 years and £50k after 4 years.
So worse case scenario, if I take it over 4 years then I will had a £42k drop from list (excluding interest) over a 6yr period. In my personal opinion that's incredible value for money, and if the market firms up and we do see the £appreciation some are predicting, then it will be less than that.
Out of curiosity I briefly thought of changing the GT4 for a 4RS, so I went and looked 4RS GFV's... now they are scary(!). No matter which way you look at them, if the underwritten GFV is part of your equation, then you'd take a GT4 over a 4RS each and every day.
I've always worked on the basis of cost over a term, not the screen or trade price alone. But, we're all different and do things differently, so my man maths may not be right for other people.
Gassing Station | Boxster/Cayman | Top of Page | What's New | My Stuff