When will used car prices drop?

[V8fan]

There's a 6% fee on top of the winning bid, so that top one actually will cost the buyer over £54k. It does state that the seller is Dove cars but does the fact it's an auction sale negate the obligation regarding any warranty?

Edited by V8fan on Sunday 19th April 10:49

[Cheib]

V8fan said:

There's a 6% fee on top of the winning bid, so that top one actually will cost the buyer over £54k. It does state that the seller is Dove cars but does the fact it's an auction sale negate the obligation regarding any warranty?

Edited by V8fan on Sunday 19th April 10:49

Yup good point about the 6% commission...buyer was crazy although IMHO although given how these things works there was obviously someone else prepared to pay a small amount less. Dove House would have been delighted I think hence two more cars up for sale. McGurk have put a 550 replica up for sale too.

[tokyotv]

av185 said:

The 720S should be interesting.

Yes that will be a real test of the market.....depends if it has a reserve or not.

Interesting to see they have a pic of the original invoice....£50k of options.

So £230k car....they would be lucky to get £130k at the moment.

[av185]

FrankCayman said:

Cheib said:

Well here is some data....dealers are starting to use Collecting Cars. Dove House put this 991 up for sale last week

https://collectingcars.com/for-sale/2014-porsche-9... Sold for £51.5 k was up for £58k on their website. Assuming they would have sold it for £2k less i.e. £56k if someone had walked in their showroom that’s a circa 10% drop in price.

https://www.dovehousecars.com/car/1442-porsche-911...

I think they got a result selling it for that too....dodgy colour combo !

They’ve got two more cars coming

https://collectingcars.com/for-sale/2011-porsche-9...

Up for £48.9k.on their website. https://www.dovehousecars.com/car/1453-porsche-911...

https://collectingcars.com/for-sale/2013-porsche-9...

Up for £57.9k on their website https://www.dovehousecars.com/car/1458-porsche-911...

There are a couple of other cars coming which will be interesting. 812 Superfast, 720s...both of which were “bad news” in the trade before we’d heard of Covid 19.

Thanks for this.....my lord....the wood in that 991....yuk!

Horrific colour scheme hearing aid beige with pipe and slippers club room walnut trim inside with mf wheel push pull gearchange and dogst brown paint outside!

Definitely did well to get even early £50ks especially as incomplete OPC history.

[Mosdef]

Porsche911R said:

Mosdef said:

If you restrict credit - as you seem to think is a good idea - vast sections of the economy will contract (particularly those house builders who depend entirely on credit markets). Car makers won’t be able to shift any of the products they’ve spent fortunes developing.

I agree with the principle of living within ones means but unwinding debt levels as you suggest will have some dire fallout. Careful what you wish for.

I wish people lived within their means, I do.

If you cannot afford to buy a car on a 5 year loan you cannot really afford the car, it’s that simple.

Have you seen past VW profits, we live in a rip of world these days. OPC been taking the piss for 5 to 6 years now.

Country has gone to st, driven by GREED so I do wish for a bit of normalisation.

I think we would all prefer people living within their means that but the credit horse bolted years ago and trying to wind down leverage will roll the clock back years, if not a decade a more. Vast sections of the global economy have become reliant on it and it’s also created an interest rate trap in every major economy. I don’t see how this state of affairs can be changed without major damage - no politician, bank governor or regulator will tackle that.

[londonlaw]

Porsche911R said:

londonlaw said:

Porsche911R said:

what it needs is for people to PAY the real cost of living and TAX, ban dividends wages !!

"

Edited by Porsche911R on Saturday 18th April 10:49

Am I missing something? .

Yes , seems so.

Major misunderstanding of finances me thinks.

[Mosdef]

Cabsi said:

Mosdef said:

Don’t underestimate the impact of helicopter money. I suspect the ECB will do ‘whatever it takes’ to keep the European car industry going, just to support jobs and GDP, even if that economic activity is ultimately propped up by EU/state support. The multiplier effect of the car industry is huge and they’ll do whatever they can to keep that going.

The UK has had £4 billion a year since January 2011 in helicopter money. It was called PPI compensation and that's now finished.

They will try and use 'QE Infinity', or whatever they label it, to pump more money into the economy. But that just increases national debt. And the interest needs to be paid, even if it is at a low rate, or the house of cards just comes tumbling down. Not an easy balancing act.

It would be a harder balancing act if other countries weren’t in a similarly terrible position, but every major economy looks pretty unhealthy as far as debt levels are concerned. The PPI £4bn a year you mention has been a drop in the ocean and isn’t really helicopter money.

[vahe]

av185 said:

Horrific colour scheme hearing aid beige with pipe and slippers club room walnut trim inside with mf wheel push pull gearchange and dogst brown paint outside!

Definitely did well to get even early £50ks especially as incomplete OPC history.

Every colour has its buyer ) not my cup of tea at all

[Cheib]

FrankCayman said:

Cheib said:

Well here is some data....dealers are starting to use Collecting Cars. Dove House put this 991 up for sale last week

https://collectingcars.com/for-sale/2014-porsche-9... Sold for £51.5 k was up for £58k on their website. Assuming they would have sold it for £2k less i.e. £56k if someone had walked in their showroom that’s a circa 10% drop in price.

https://www.dovehousecars.com/car/1442-porsche-911...

I think they got a result selling it for that too....dodgy colour combo !

They’ve got two more cars coming

https://collectingcars.com/for-sale/2011-porsche-9...

Up for £48.9k.on their website. https://www.dovehousecars.com/car/1453-porsche-911...

https://collectingcars.com/for-sale/2013-porsche-9...

Up for £57.9k on their website https://www.dovehousecars.com/car/1458-porsche-911...

There are a couple of other cars coming which will be interesting. 812 Superfast, 720s...both of which were “bad news” in the trade before we’d heard of Covid 19.

Thanks for this.....my lord....the wood in that 991....yuk!

Another one to watch

LHD 355 https://collectingcars.com/for-sale/1998-ferrari-3...

Up for sale for £50k. https://www.pistonheads.com/classifieds/used-cars/...

[NickUSA]

Cheib said:

Another one to watch

LHD 355 https://collectingcars.com/for-sale/1998-ferrari-3...

Up for sale for £50k. https://www.pistonheads.com/classifieds/used-cars/...

Why is a poorly maintained LHD 355 one to watch?

[Cheib]

NickUSA said:

Cheib said:

Another one to watch

LHD 355 https://collectingcars.com/for-sale/1998-ferrari-3...

Up for sale for £50k. https://www.pistonheads.com/classifieds/used-cars/...

Why is a poorly maintained LHD 355 one to watch?

Hadn’t looked at the maintenance history...it’s one that is on there that’s easy to find in the classifieds...because it’s yellow.

[Cheib]

Looks like this F12 was cheap at £131.5 k. https://collectingcars.com/for-sale/2013-ferrari-f... Don’t know enough about Ferrari specs but looks £20k cheaper than anything listed. Didn’t get a big for the last three days of the auction.

[Porsche911R]

Good time to buy a v12
Oil is minus $37 so they pay to to take it away lol

Cost more to store it.

Wonder what that means at the pumps this week, ?
85p ?

[av185]

Interesting that F12 is listed as coming from a Staffordshire dealer.

Hartley I wonder.

Looks a nice car.

[Cheib]

Porsche911R said:

Good time to buy a v12
Oil is minus $37 so they pay to to take it away lol

Cost more to store it.

Wonder what that means at the pumps this week, ?
85p ?

It’s a market anomaly on the expiring contract...a very unusual one but the next contract isn’t at the same level. World is a very strange place right now !

[footsoldier]

Cheib said:

Looks like this F12 was cheap at £131.5 k. https://collectingcars.com/for-sale/2013-ferrari-f... Don’t know enough about Ferrari specs but looks £20k cheaper than anything listed. Didn’t get a big for the last three days of the auction.

Plus buyers premium so £140k
Cheap, but not ‘proper cheap’ imo.

[Porsche911R]

Cheib said:

It’s a market anomaly on the expiring contract...a very unusual one but the next contract isn’t at the same level. World is a very strange place right now !

It’s not quite the same level of oil, but shocking allthe same,
Oil fit for petrol is about $19 but must be a record low.

[NickUSA]

footsoldier said:

Cheib said:

Looks like this F12 was cheap at £131.5 k. https://collectingcars.com/for-sale/2013-ferrari-f... Don’t know enough about Ferrari specs but looks £20k cheaper than anything listed. Didn’t get a big for the last three days of the auction.

Plus buyers premium so £140k
Cheap, but not ‘proper cheap’ imo.

Why are we trying to do a price analysis on a Fezza, this is a Porsche thread

[Cheib]

NickUSA said:

footsoldier said:

Cheib said:

Looks like this F12 was cheap at £131.5 k. https://collectingcars.com/for-sale/2013-ferrari-f... Don’t know enough about Ferrari specs but looks £20k cheaper than anything listed. Didn’t get a big for the last three days of the auction.

Plus buyers premium so £140k
Cheap, but not ‘proper cheap’ imo.

Why are we trying to do a price analysis on a Fezza, this is a Porsche thread

Same price point as 991.2 GT3's were.....everything is relative

[catsey]

anonymous said:

[redacted]

Spot on Moose