996 prices post 997........

[dds1]

kamal996 said:

In relation to dealers making money-I have no issue with this at all (i have stated this clearly)

kamal996 said:

Its a damn license to print money......and of course they moan about their showrooms and VAT and how risky it all is..

doesn't sound like it!

prosecution rests m'lud

[kamal996]

dazren said:

kamal996 said: Iguana..how come you suddenly became knowlegeable on what I did and didnt make out of the sale of my 996... Excuse me for interupting folks, but I must be mistaken in thinking everyone on here is aware of Kamal's quest to sell the 996 and the stupidity of buyers not wanting to purchase a bargain through a private sale? DAZ

Thanks for clarification..

My issue was-when selling a high value Porsche privately you end up attracting lots of idiots who offer silly prices. SO you might advertise it at at £35k and some moron will say "I'll give you £28k for it."

The counter argument was that the car is only then worth £28k because that is what people are willing to pay for it. Well this is not true because a dealer can sell the car for £37k without any work to it other than a clean(except advertising it and having a place to sell it fron and of course having the money to fund it) and so the market value is therefore £37k not £28k. Now lets say the real "private sale price" is £34k after a bit of negotiation..a buyer is willing to pay a £3k premium for the safety net of buying from a dealer. I have no problem with this..it is their perogative and is a fair premium for peace of mind and all the associated costs with selling and stocking the vehicle.

This premium does however become totally ridiculous when they decide to pay a £10k premium to a Porsche Main Agent. These guys try to justify this through their investment in their aluminium framed gin palaces and frankly if you are willing to pay a £10k premium for spending 2 hours in their company and get a warranty that doesnt even cover wear and tear then good luck to you.

[clubsport]

Kamal..we are going round in circles like we did last time this was discussed.
The important thing is to understand the rules of this or any other market.

You need a lot of capital to own or influence the market, if you understand the rules in place you can be a participant,survive and maybe even use this understanding to your advantage.

Keep smiling and I hope you are enjoying your X5

[iguana]

kamal996 said:

Iguana..how come you suddenly became knowlegeable on what I did and didnt make out of the sale of my 996...

Fair point kamal, merely the impression I had gained from your previous posts ref trying to flog yr 996 was that you were facing a ££ loss & were not too happy about it.

[dazren]

Oops, sorry I've clearly misunderstood the previous posts. I thought you were annoyed that buyers were prepared to pay a lot more for your car from a dealer than from you personally.

DAZ

PS - Interesting swap to the X5. I testdrove a new diesel one recently and was very impressed.

[kamal996]

dazren said:

Oops, sorry I've clearly misunderstood the previous posts. I thought you were annoyed that buyers were prepared to pay a lot more for your car from a dealer than from you personally. DAZ PS - Interesting swap to the X5. I testdrove a new diesel one recently and was very impressed.

..the thread was titled "timewasters when selling Porsches"...it did, however, lead on to discuss the issue of margins charged by Porsche Dealers and the fact that people are willing to pay £8k to £10k margins on 996s! Further, this was not a rant against any depreciation on the cars. The car was a great deal on both sale and purchase. It would, however, hav been much worse if I had paid the £8k more that a Porsche main agent wanted for an almost identical car!

The X5 was an impulse purchase (damn e-bay!!). Its a great car. Good steering, beautifully made and very practical and a peach of an engine (3.0 petrol). Ride is a bit crappy but not as bad as a Bosxter I owned which had sports chassis and 18" wheels and fuel economy is eye watering around London.

>> Edited by kamal996 on Friday 21st May 10:14

[roygarth]

dds1 said:

I agree - Henry bought my 993 off me, and while yes he took a big fat juicy turn out of it, his bid was still 3k better than the OPC, and to be honest, I really had no desire to go through the having 15 tyrekickers turn up at the front door scenario.

When I sold my 964 I turned down Henry's bro's £14K offer, spent 20 minutes and £10 putting an ad on the web for £18K and sold it to the first caller for £17K. Easiest £3K i've ever made...well apart from that time down at the docks!

>> Edited by roygarth on Friday 21st May 13:34

[911 (997)]

I think that the values of the 996 are starting to be pressured by the impeding 997 but as soon as there are a number of 997s on the streets (September, I understand) that, I think, will be the time when there is a noticeable dip in the values of the 996s. Especially given that the front of the 997 is going to be quite different (and more porsche like!) than the 996. I think then people will register that the 996 has had its day

[poorcardealer]

If the 997 is any good, which we will all know when it arrives and we have driven it, I think the 996 will become one of the least popular 911 models ever produced....( sportmatic etc apart).......its never going to be held in iconic regard is it??

[Azura_tzo]

Porbably not as iconic, but I suspect it will appeal to a wider audience who want every day comforts as well as a great car.

[bennno]

poorcardealer said:

If the 997 is any good, which we will all know when it arrives and we have driven it, I think the 996 will become one of the least popular 911 models ever produced....( sportmatic etc apart).......its never going to be held in iconic regard is it??

yeah right.....

What people forget is that the 996 is faster, lighter and better handling than a 993.

Take a look at the recent long term test of a 996 c2, there comment was possibly the most perfect car that many of them had ever driven.

Your comment is utter tosh...

Bennno

[poorcardealer]

Bennno how may 996s have you owned and driven??

I didnt say the 996 wasnt any good, it is a good car, but its softer, more refined and will never be an icon.
I stand by my comment,and I will lose no sleep that you think its "tosh".

[rich1231]

poorcardealer,

I cant get excite about owning older porkers, internally they dont just look crap but they have dated externally. The 996, while not a beauty internally, is ergonomically souind and does look nice on the outside, to me. I dont care what anyone else wants in their cars, I will continue to buy and drive whatever floats my boat. Pontification about the values of cars dropping because a new model is coming is pointless as of course it will happen. It always does.

[poorcardealer]

These threads always turn into the owners of certain models been very defensive about the cars they own........emotional attatchment maybe, fear of losing a few quid..........

Each to his own, fine, but the 996 will never be THE iconic 911. That will be air cooled.

[rich1231]

nah dont agree pcd, i think that the 996 will be looked at fondly, it has a whole new generation of owners. Not everyone looks at 993's and earlier and goes weak at the knees.

[Witchfinder]

I would have thought that for the first six-twelve months, there will be very few 997s in the second hand market, and those that are will be attracting a premium over list price. After that I suppose we might see prices descending, with the inevitable impact on 996 prices.

On the subject of the 996 not being "iconic" - it's still a Porsche and a very nice one to boot. I'm aiming to own one in 2-3 years (if I'm a good boy and if I save my pennies!). "Iconic" cars usually don't mean a whole lot to car buyers at large. For enthusiasts and Porsche purists, I don't think the 996 will be loved as much as other models, but it certainly isn't going to lose popularity. Perhaps when it hits 10+ years old, this will be be where it really shows.

[bennno]

poorcardealer said:

Bennno how may 996s have you owned and driven?? I didnt say the 996 wasnt any good, it is a good car, but its softer, more refined and will never be an icon. I stand by my comment,and I will lose no sleep that you think its "tosh".

For the record 3, yourself?

The only iconic 911's will be the early ones, a 2.7RS, or a 3 or 3.2 model. Of the pre 964's I believe that the clubsport and the early Turbo's will be most sought after over time..

People confuse classics such as the 993RS or964RS with the standard 993 or 964 both of which were nothing outstanding as a standard model.

I drove both at the time and found nether particularly quick and even 5 years ago the 993 seemed dated.

The 996 is much more developed, more modern, better handling and faster. The 996 GT3 or GT3RS is a match for either RS.

Bennno

[steve-p]

bennno said:

What people forget is that the 996 is faster, lighter and better handling than a 993.

I doubt anyone forgets that. What else would you expect from a design that has been out of production 7 years. The 997 will improve on the 996 in many areas, especially appearance, but I very much doubt people will lament the passing of the 996 as they did the 993. Can't happen too soon as far as I'm concerned.

[GetCarter]

This post on the Easytrack forum expresses what I've heard from non- Porsche owners about the 997.

I'm not saying anything.

www.easytrack.co.uk/forum/fmess.asp?type=ALL&subjectid=35335

[iantr]

It's the combined effect of;

1) The rounded shape of the corners of the front lid (take a look at a 996 and you'll see what I mean)
2) The shape of the lights

Oh dear.