I've just bought some poverty Pork…

I've just bought some poverty Pork…

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Discussion

VSKeith

740 posts

47 months

Wednesday 29th June 2022
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Skyedriver said:
Give that man a coconut - dealer bought although the third person to view. Oh well still looking, hopefully one will turn up closer than 500 miles and 5 train changes away.
Inverness:

https://www.autotrader.co.uk/car-details/202206237...


Escy

3,931 posts

149 months

Wednesday 29th June 2022
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The ones I've bought have been the properly rough end of the market but I have been following this thread long enough to get a decent idea.

It'll be interesting to see what work gets done to it and how much it goes back up for. I'm thinking 15k and I would imagine the aerokit is either completed by putting the rear spoiler on or the rest of it is removed and put back to standard. Possibly the suspension also get's put back to standard.

VSKeith

740 posts

47 months

Wednesday 29th June 2022
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Escy said:
The ones I've bought have been the properly rough end of the market but I have been following this thread long enough to get a decent idea.

It'll be interesting to see what work gets done to it and how much it goes back up for. I'm thinking 15k and I would imagine the aerokit is either completed by putting the rear spoiler on or the rest of it is removed and put back to standard. Possibly the suspension also get's put back to standard.
I think you're right and that it'll be put back to standard.

Probably these chaps as it wasn't too far from them IIRC

Not that you would, but out of interest if you were to put yours up in a fit of pique how much do you think you'd ask? Would be interested as to how you'd go about pricing it

esotericar

745 posts

27 months

Wednesday 29th June 2022
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We'll see, but I doubt it will be put back to standard, both body and suspension. That would be a fair old investment along with any other prep that needs doing and there's just not that much margin in these cars.

Plus, lots of people here think it's fantastic as it is, so why would a dealer bother?

Escy

3,931 posts

149 months

Wednesday 29th June 2022
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VSKeith said:
Not that you would, but out of interest if you were to put yours up in a fit of pique how much do you think you'd ask? Would be interested as to how you'd go about pricing it
It's a hard one as it's unique. Maybe lots of people would want it, maybe nobody would. It's got an agreed insurance value of 20k but I'm going to raise that when I renew the policy in the next few months as if I was actually offered 20k for it, I definitely wouldn't sell.

Values of cars are a bit all over the place at the moment. That Boxster that just sold for sub 10k. If it was a Honda S2000 it'd be advertised for 20k with that mileage and for me the Boxster is the better car in almost every aspect.

ATM

18,285 posts

219 months

Wednesday 29th June 2022
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esotericar said:
We'll see, but I doubt it will be put back to standard, both body and suspension. That would be a fair old investment along with any other prep that needs doing and there's just not that much margin in these cars.

Plus, lots of people here think it's fantastic as it is, so why would a dealer bother?
Suspension could be just springs. Technically the wheels are incorrect also.

If he paid 9 and is selling for 15 he has a bit of margin to play with.

I think it is fantastic for 9 grand Yes. Smashing good buy. Sold quickly so someone was willing to buy it quickly for that price.

esotericar

745 posts

27 months

Wednesday 29th June 2022
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I didn't say it wouldn't sell fast. Said I didn't think it was that good value. Not quite the same thing. But like I said, if it's so fantastic, why would you spend any of the margin putting it back to standard?

The reason, of course, is potential for higher resale de-Barried. And what I was getting at is that it would cost significant money especially for a private buyer to do that. At which point, it's not such a conspicuous bargain.

Escy

3,931 posts

149 months

Wednesday 29th June 2022
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I reckon you'd able to put it back to standard for next to nothing. If you advertise the aero bumper as a straight swap for one the same colour on Facebook groups and forums someone will rip your arm off. The wheels on it are probably the most desirable options, you'd be able to swap them for a net gain. The suspension, if its got lowering springs any old garage can replace with standard for a few hundred, if it's coilovers you'll be able to sell them, replace with standard and make a net gain.

Don't forget, most of these specialists that retail cars can throw a spanner at them, it's not getting shipped off to a Porsche dealer at £150 an hour.

With all that said, if it was mine I'd get the aero spoiler and bootlid to complete the bodykit and then look to sell it as is. I think it's quite desirable, sits nicely on those wheels and suspension and I like the aerokit.

edc

9,235 posts

251 months

Wednesday 29th June 2022
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The reality for the Boxster market is that most of the buyers are not nerds and don't care for the extra maintenance that a higher miles car may bring. They really want a good sales advert with good pictures, a clean good looking car and as low mileage as possible. As long as there are regular services and a clean enough MOT history it will resell easily from a dealer who gives that reassurance if back up.

esotericar

745 posts

27 months

Wednesday 29th June 2022
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I don't see a dealer doing facebook swaps for bumpers, personally. And a lot of smaller dealers pay for work, albeit at a lower rate than punters. The one linked above whom it was suggested may have bought the car definitely farms work out. I've bought a car from there myself before and know how they operate and who does the work.

It could be done on the cheap. In reality, expediency tends to rule if it's a business and they wouldn't be dicking about trying to find someone to do a bumper swap, they'd be getting one with it and just sourcing a used bumper and getting the car out the door. So the cost would be sourcing a bumper, painting it, probably painting the sills. Then whatever it cost to do the suspension. The wheels a specialist would more than likely hang on to rather than sell on, but source some gen one items.

I think for most dealers, the costs involved putting it back to standard wouldn't be worth it. You'd have to be confident that it was going to net you thousands more to bother. These cars just aren't worth enough, even with the recent uptick in values. And if it's such a great car, no need to in any case!

It'll be flipped as is.

ATM

18,285 posts

219 months

Thursday 30th June 2022
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I think I disagree with just about everything you have written. 3 or 4 years ago - maybe more - we started having the same conversations about the dealer Friends Green who was flipping early 996 cars. Since then he has gone on to become a much bigger operation with 3 or 4 cars in stock and his own workshop with mechanic - not sure if employed full time. They even have menu pricing for some service items which most so called specialists just dont list.

So yes when they first started we seemed confused how they could make money buying cars for 15 and selling them for 20 but they did. You need to keep costs to a minimum when starting a business. If that means browsing facebook market place for spares and changing bumpers yourself then I'd guess some entrepreneurs would be willing to do this if it means becoming successful.

It will be interesting to see what happens to this car and where it gets flipped if indeed it does. Right now we are all just guessing.

I've been frequenting this thread for many years and we have all been talking about Boxsters being good cars for little money and that at some point they should start to see an uptick in values. For years that never happened. If little dealers are springing up now and starting to look to flip these cars then that must put upward pressure on pricing. Have prices finally bottomed now?

esotericar

745 posts

27 months

Thursday 30th June 2022
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That's one example of a single dealer that mostly deals in substantially more expensive cars with bigger margins than 986 Boxsters, so can't see how it's terribly relevant or helps your point. Some dealers have workshops. A lot don't. Put whatever spin on that you want. We'll see if the buyer invests in returning the car to standard for resale, I can't see it, personally.

As a case in point, Flat Six Classics which really does specialise in 986s has sold a number of cars with non-standard bits over the last few years, which implies that there isn't money for that dealer at least in returning the cars to stock.

In terms of the value prop of the blue modified car, compared to something like this:

https://www.autotrader.co.uk/car-details/202203213...

I don't think it necessarily works out as good value. On paper, that car is £4k more. But if you assume the blue one did actually sell for the £9k asking, and you might get the silver one for £12k as it's quite toppy for a private car at £13k, then factor in (realistic) minimum £1,500 to return the blue one to stock, then the gap sits at £1,500 and the silver one is much nicer spec with M030, extended leather, hearted sports seats, Litronics etc.

Of course the silver one might not be a good car and maybe the price is rock hard and no doubt someone here will say they'll make £10k returning the blue one to stock and selling the wheels and Aerokit bits. But based on what we know about both cars, the silver one looks like the better value, nicer and more interesting car from the two ads to me, despite the much higher advertised price and high 40k miles rather than 30k miles.

shalmaneser

5,932 posts

195 months

Friday 1st July 2022
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https://www.ebay.co.uk/itm/275354087773?mkcid=16&a...

12k for a 100,000 mile Carrera 4 seems like pretty reasonable value to me.

With a decent set of silver alloys this could be a very smart car.

Skyedriver

17,850 posts

282 months

Friday 1st July 2022
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shalmaneser said:
https://www.ebay.co.uk/itm/275354087773?mkcid=16&a...

12k for a 100,000 mile Carrera 4 seems like pretty reasonable value to me.

With a decent set of silver alloys this could be a very smart car.
Ad removed

shalmaneser

5,932 posts

195 months

Friday 1st July 2022
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Shame maybe too good to be true. Black, coupe, manual, 100k miles, 12k

VSKeith

740 posts

47 months

Friday 1st July 2022
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I think it sold - ad is still there, just ended

ATM

18,285 posts

219 months

Saturday 2nd July 2022
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This one has been for sale for a while and keeps getting cheaper and cheaper

I was tempted to go for a look see

£12,950

C2
1999
No sunroof

164,000 miles
Hartech engine rebuild
Sports Classic gearbox rebuild

Ad reads well
Car sounds a bit tatty maybe but doesn't look too bad to Me

Everyone says don't let mileage put you off and buy a well used car which has been well maintained, well this one sounds well used and well maintained right?

https://www.ebay.co.uk/itm/275340954599












Escy

3,931 posts

149 months

Saturday 2nd July 2022
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I think that proves my personal opinion that maintaining a high mileage car is dead money. It's also another example where a Hartech engine rebuild does nothing for the value. Everyone who digs deep for one seems to persuade themselves that they are adding significant value to the car. Once it's done >10k miles on the new engine any potential added value has ebbed away from what I see in the adverts.

Cheap 987. 2006, 106k miles, basic spec, £6500 from a dealer.

https://www.facebook.com/marketplace/item/77063247...

Skyedriver

17,850 posts

282 months

Saturday 2nd July 2022
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Or:
https://www.facebook.com/marketplace/item/40084473...

High miler in a nice colour and only 90 miles from me..

tr7v8

7,192 posts

228 months

Saturday 2nd July 2022
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Skyedriver said:
Or:
https://www.facebook.com/marketplace/item/40084473...

High miler in a nice colour and only 90 miles from me..
That quite appeals to me nice colour and interior. Too far from me and not sure I need another Porsche in my life now.