Cars not selling?
Discussion
C4ME said:
Out of interest once you have spent the necessary to get a car in the condition you want, what do you think is a fair value these days for a 993 manual Coupe?
It's very hard to judge what is a fair price in the current market. Some of the ultra low mileage cars need more spending on them than the high mileage ones in my experience.Cheib said:
Cant remember if itvwas this thread or another but lots of people got quite excited when this 993 4S was listed a couple of weeks ago http://www.911virgin.com/porscheforsale/1054/9934S...
People thought it would sell quickly and it hasnt.
Conversely JZM moved a sensibly priced PTS 991.1 GT3 RS inside a week for around £180k based on where it was listed.
Yeah, that car was linked to earlier in this thread. I thought it would have sold by now too but it seems like it's hanging around. Could be the time of year or it could be cold feet.People thought it would sell quickly and it hasnt.
Conversely JZM moved a sensibly priced PTS 991.1 GT3 RS inside a week for around £180k based on where it was listed.
12 months ago (less?) this would have been sold in a couple of weeks.
Anyway, there is no point buying now as winter is round the corner and prices always drop when the weather turns cold.
Edited by v8ksn on Friday 5th October 22:31
stichill99 said:
Which winter exactly did prices drop when it got cold? Certainly none in the last 5!
Good point but buying now will do me no favours as the car will not get that much use from November till March for various reasons. The only risk to me is the prices might rise....it's a low risk in my opinion.
PeterS67 said:
I think the question “Why” is valid - it’s a personal thing and in the cold light of day it is fairly ludicrous process that I’ve been through and indeed the costs involved have been considerable, but, and it’s a big but, what happens if I elevate myself to a senior position in the batting league. When I picked up my C2 GTS in March, there was a fairly amazing GT2 RS waiting behind it. What was the car worth? £220 all in and yet resale was £450k + the day after. What about the GT3 RS that non WP cost £150 and retails back out for £220-250k? The same is true with the forthcoming Spyder and GT4, albeit not to the same rate
The point is, that, unless someone can prove beyond doubt, that dealing with OPC’s is a fairly grim affair and to be ‘entitled’ to the Halo models, one has to suffer some financial pain. Yep, paying overs gives you access to the car you desire and a reduced depreciation curve (theoretically) But you are never going to make any form of return to offset your initial investments. You won’t, in my experience, guarantee an invite for the so called ‘Halo’ models, unless you have a solid purchasing history.
But the world also has an interesting slant in who makes the money. My new GT3 has an excellent spec. Club sport, PCCB’s and full PPF. I believe it cost the owner £139 + PPF (£3k?), so that £142 ish all in. They then run it for a few hundred miles and sell it back to my OPC for £169k 3 months ago. GT market takes a dive and they sell it to me for £155. Ok, so I won’t make money on it, but I suspect that there’s going to be little depreciation over the next 4-6 months before that goes to make way for a GT4/Spider/992 S. Both the Boxster and cayman were taken with ‘sufficient’ discount, to offer a healthy buy-back in a months time. Dealer gets two new registration for September and two saleable as-new vehicles to punt on to some deserving new owners, who will perceive a 10+% saving of a car with negligible mileage, as a fair price without having to wait for a new vehicle to arrive.
I don’t make the rules. I have a passion for Porsche and it’s all I ever promised myself after being taken out by family friends in the 80‘s in a new 924. The desire burned for 30+ years and now I’m riding that long overdue promise I made to myself.
I think the system is unfair, biased and frankly corrupt, but what else is one to do?
Ultimately these are just my observations that’s all. As a ‘petrolhead’ I’m here for the cars - it’s what drives (sic) me in life. It’s a passion and unfortunately a rather costly one at that.
Back to the original question - ‘why?’ - tomorrow I may not be here. Life has a way of throwing you curve balls, and if I don’t try now to achieve what I set out to do, I may as well pack up and go and take up golf.
It’s a funny old world...
Peter
Thats all fair enough and I (sort of) understand your reasons and life is short etc but what if you never get allocated the halo cars? What if the arse falls out of the market and all new GT products start to depreciate again? The point is, that, unless someone can prove beyond doubt, that dealing with OPC’s is a fairly grim affair and to be ‘entitled’ to the Halo models, one has to suffer some financial pain. Yep, paying overs gives you access to the car you desire and a reduced depreciation curve (theoretically) But you are never going to make any form of return to offset your initial investments. You won’t, in my experience, guarantee an invite for the so called ‘Halo’ models, unless you have a solid purchasing history.
But the world also has an interesting slant in who makes the money. My new GT3 has an excellent spec. Club sport, PCCB’s and full PPF. I believe it cost the owner £139 + PPF (£3k?), so that £142 ish all in. They then run it for a few hundred miles and sell it back to my OPC for £169k 3 months ago. GT market takes a dive and they sell it to me for £155. Ok, so I won’t make money on it, but I suspect that there’s going to be little depreciation over the next 4-6 months before that goes to make way for a GT4/Spider/992 S. Both the Boxster and cayman were taken with ‘sufficient’ discount, to offer a healthy buy-back in a months time. Dealer gets two new registration for September and two saleable as-new vehicles to punt on to some deserving new owners, who will perceive a 10+% saving of a car with negligible mileage, as a fair price without having to wait for a new vehicle to arrive.
I don’t make the rules. I have a passion for Porsche and it’s all I ever promised myself after being taken out by family friends in the 80‘s in a new 924. The desire burned for 30+ years and now I’m riding that long overdue promise I made to myself.
I think the system is unfair, biased and frankly corrupt, but what else is one to do?
Ultimately these are just my observations that’s all. As a ‘petrolhead’ I’m here for the cars - it’s what drives (sic) me in life. It’s a passion and unfortunately a rather costly one at that.
Back to the original question - ‘why?’ - tomorrow I may not be here. Life has a way of throwing you curve balls, and if I don’t try now to achieve what I set out to do, I may as well pack up and go and take up golf.
It’s a funny old world...
Peter
Peter, why don't you take the GT car you have out into Europe with a few like-minded friends (or just on your own) and give it a good spanking.
Head on out to Andermatt and do all the passes like Grimsel, Nufenen, Petit St Bernard, Grand St Bernard etc etc and have an absolute blast.
You may find that the current car you have is all you will ever need.
I spent almost 6 years with my car doing just that and I loved every minute.
Head on out to Andermatt and do all the passes like Grimsel, Nufenen, Petit St Bernard, Grand St Bernard etc etc and have an absolute blast.
You may find that the current car you have is all you will ever need.
I spent almost 6 years with my car doing just that and I loved every minute.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff