Why isn't my 993 selling?
Discussion
70k miles and 993 shape will not impress the poseurs, who would rather spend the extra dosh and get a 996 cab.
It has to be said that the C4 cab is not the enthusiasts' first choice - and they are the ones who normally go for higher mileage air cooled models.
Not knocking the car, as I'm sure it is great. But it's probably not a hugely sought after model at the moment. That doesn't mean to say it won't get its money with the right purchaser.
I'd stick it up at 29,750 and hold tight. The right purchaser will come along eventually.
>> Edited by domster on Wednesday 12th May 17:11
It has to be said that the C4 cab is not the enthusiasts' first choice - and they are the ones who normally go for higher mileage air cooled models.
Not knocking the car, as I'm sure it is great. But it's probably not a hugely sought after model at the moment. That doesn't mean to say it won't get its money with the right purchaser.
I'd stick it up at 29,750 and hold tight. The right purchaser will come along eventually.
>> Edited by domster on Wednesday 12th May 17:11
i mentioned in another thread a few weeks ago that I thought 993s were a bit expensive overall (and got my head bitten off by 993 owners, which I am one myself).........however your car doesnt look expensive...I think lots of people out there spending £30K will find another 3K or so and get a 40K miler.........are you based in the north?
www.portiacraft.com/cardetails.asp?id=439
www.911virgin.com/993jus.htm
Not Helpfull I know but this is what I am looking for at the moment now the TVR has gone either a 993 cab or 996 cab.
Unfortunatly yours does look a little expensive concidering the above to are both from dealers with waranty and with 20k less on the miles.
At a guess 20k miles is probably worth 2k ish and from a dealer 2k ish so maybe its a little over priced
sorry only my view and a couple of comparisons
www.911virgin.com/993jus.htm
Not Helpfull I know but this is what I am looking for at the moment now the TVR has gone either a 993 cab or 996 cab.
Unfortunatly yours does look a little expensive concidering the above to are both from dealers with waranty and with 20k less on the miles.
At a guess 20k miles is probably worth 2k ish and from a dealer 2k ish so maybe its a little over priced
sorry only my view and a couple of comparisons
I do think it`s hard to sell a car when you are asking the same or even more money than a dealer.
To encourage the private buyer to put in the extra effort and take the extra risk that is necessary when buying from the fellow private man you do have to offer some form of financial incentive, and not just a couple of hundred quid either !!
You are not the first person on the forum to ask this question, I recall a fairly lengthy and heated thread with a chap selling a 996 some months ago !
People often get emotionally attached to their cars and when it comes to selling time often lose their way a little. I always find it funny that when someone is looking to sell their Porsche to us I ask them how much they want for the car. A common reply is "well they seem to be selling for X thousand pounds in the paper", with X being the most expensive car in thepublication.
They forget that were they the buyer they would be approaching the publication from the other end, ie. looking for the cheapest example available and wanting to pay that.
I suppose one of our benefits is that we do not have that emotional involvement. The other difference is that we do actually want to sell the car where as the private buyer buying from the private seller is more often greeted with "To be honest I`m not really sure if I want to sell the car" on the phone - or put another way - if you pay me a fortune for the car I`ll let you have it, otherwise I`m going to keep it.
Anyway what do I know !!
Keep smiling and enjoy the sunshine
Henry
To encourage the private buyer to put in the extra effort and take the extra risk that is necessary when buying from the fellow private man you do have to offer some form of financial incentive, and not just a couple of hundred quid either !!
You are not the first person on the forum to ask this question, I recall a fairly lengthy and heated thread with a chap selling a 996 some months ago !
People often get emotionally attached to their cars and when it comes to selling time often lose their way a little. I always find it funny that when someone is looking to sell their Porsche to us I ask them how much they want for the car. A common reply is "well they seem to be selling for X thousand pounds in the paper", with X being the most expensive car in thepublication.
They forget that were they the buyer they would be approaching the publication from the other end, ie. looking for the cheapest example available and wanting to pay that.
I suppose one of our benefits is that we do not have that emotional involvement. The other difference is that we do actually want to sell the car where as the private buyer buying from the private seller is more often greeted with "To be honest I`m not really sure if I want to sell the car" on the phone - or put another way - if you pay me a fortune for the car I`ll let you have it, otherwise I`m going to keep it.
Anyway what do I know !!
Keep smiling and enjoy the sunshine
Henry
I was the "chap" selling the 996.
My beef wasnt about price-it was about timewasters and the fact that Porsches above about £25k are almost impossible to sell privately. This leaves an "arbitrage" opportunity for dealers such as Henry to apply large margins. Good luck to them...if the market is willing to pay huge margins for peace of mind then I cannot stop it-the main reason, I believe, for this phenomenon is that buyers cannot get finance for cars in private sales and warranties are hard to come by also.
My conclusion was that I could drop my pants on the price and, even then, only dealers would crawl out of the woodwork to buy the car and apply a hefty margin and sell it to a private buyer. I was proved right becasue the car was sold £2k higher than my priavte sale price.
Emotional attachment had nothing to do with it..I didnt even like the car. It was a white (or blue) elephant sat in my garage most of the time...
My beef wasnt about price-it was about timewasters and the fact that Porsches above about £25k are almost impossible to sell privately. This leaves an "arbitrage" opportunity for dealers such as Henry to apply large margins. Good luck to them...if the market is willing to pay huge margins for peace of mind then I cannot stop it-the main reason, I believe, for this phenomenon is that buyers cannot get finance for cars in private sales and warranties are hard to come by also.
My conclusion was that I could drop my pants on the price and, even then, only dealers would crawl out of the woodwork to buy the car and apply a hefty margin and sell it to a private buyer. I was proved right becasue the car was sold £2k higher than my priavte sale price.
Emotional attachment had nothing to do with it..I didnt even like the car. It was a white (or blue) elephant sat in my garage most of the time...
Well, from my experience (my offices are above a used car dealers) many used car dealers in general don't make huge profits on individual cars.
My personal porsche experience has been as follows:
Bought a '90 964 cab in about 1996(ish) for £28K, sold it to Paragon in 1999 for £20,500 after giving up selling it myself (too many time wasters and px'ers). They promptly sold it for £27K. Did I feel ripped off? Not in the slightest.
Just bought a 993 turbo from a dealer in Dorset. Previous owner sold it to them for £37K, they had it up for £45K, I bought it for £40K, they make £3K before VAT, warranty, premisese etc. Not a lot of Profit for £37K investment + £3 Million premises.
Works both ways.
If I were to sell my turbo today, i'd much rather sell it to Henry for £35K than some tyre kicking how many owners? Nine? Must be shagged idiot off the street for £40k.
My personal porsche experience has been as follows:
Bought a '90 964 cab in about 1996(ish) for £28K, sold it to Paragon in 1999 for £20,500 after giving up selling it myself (too many time wasters and px'ers). They promptly sold it for £27K. Did I feel ripped off? Not in the slightest.
Just bought a 993 turbo from a dealer in Dorset. Previous owner sold it to them for £37K, they had it up for £45K, I bought it for £40K, they make £3K before VAT, warranty, premisese etc. Not a lot of Profit for £37K investment + £3 Million premises.
Works both ways.
If I were to sell my turbo today, i'd much rather sell it to Henry for £35K than some tyre kicking how many owners? Nine? Must be shagged idiot off the street for £40k.
Each to their own aceparts,,but I am prepared to put up with a fair ammount of hassle for a £5k differential to sell a car.
Good to see that your business is going well that £5k here or there is not an issue.
Unfortunately many of us are not in that position when it comes to running our cars.
Good to see that your business is going well that £5k here or there is not an issue.
Unfortunately many of us are not in that position when it comes to running our cars.
The point i'm trying to make Mr Clubsport, is that if you have had the car up for sale for 2 months and spent £300 and had all the time wasters under the sun come and kick tyres, have to wait to sell another car, offer Rolls royces (over priced at that) as PX's, then it's often a very easy thing to do.
People (Joe Public) are extremely cautious when it comes to buying a £40K car from another member of the public to the point of parranoia.
As someone has just said, buy well in the first place and enjoy it. After only 6 months of ownership I have definietly had £5K worth of enjoyment from my car, so I don't see it as a 'loss'. Besides, my car is not up for sale, Aarans is, and if it's not selling it's because it's too expensive or know one knows about it.
Why not try sticking it on eBay Aaran?
People (Joe Public) are extremely cautious when it comes to buying a £40K car from another member of the public to the point of parranoia.
As someone has just said, buy well in the first place and enjoy it. After only 6 months of ownership I have definietly had £5K worth of enjoyment from my car, so I don't see it as a 'loss'. Besides, my car is not up for sale, Aarans is, and if it's not selling it's because it's too expensive or know one knows about it.
Why not try sticking it on eBay Aaran?
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