Anyone on here resident in Australia? Advice sought

[xftdr]

Hi.

Long term Porsche owner with the opportunity to move to Australia (Canberra) next year with work and maybe for good.

I have a Silver 993 Targa Tip with 65k miles which is probably worth about £22-24K here in the UK but I am just wondering, amongst the thousands of other issues that one has to consider when contemplating a move to the other side of the world, if it is worth taking the 993 out with me?

I am presuming that there will be some kind of import tax and test in arrival in country but I guess the key question is, is it worth doing or is it better to sell here in the UK and try to pick one up when (if!) I get across. If it is the latter, what sort of prices do they go for?

Any friendly Porsche owners 'down under' care to offer this Pom an opinion?

Thanks

Xftdr

[Trev450]

I think NBTBRV8 lives in Aus.

[nsm3]

And mhh?

[cupraglasgow]

I would say bring it they are selling for well over $120000 here done a quick search on carsales.com.au and a 97 turbo with similar miles is 124k and high mileage about 80 grand.

They do charge a luxury tax but think it might be cars over $50k but worth paying as cars are so expensive, i sold a 05 impreza for a few grand before i came here last year only to find same car would cost me about £14k or $20k in OZ.

The only difference is the cars for sale here have no rust and even 10 year old cars look brand new underneath.

[NBTBRV8]

That model with those miles wouldn't be sought after and hard to sell especially as an import. However if you plan to keep it go for it.

Read this: http://www.infrastructure.gov.au/roads/motor/index...

There is also a long thread in the Australia forum about importing.

[Ginos]

It may be worth it, and you definitely won't be able to buy another 993 for that money. You can also look on redbook.com.au for true values, rather than advertised values.

There are quite a few costs involved in the process and you absolutely must seek permission from the infrastructure agency prior to shipping it. Some estimates in aud
- insurance 1k?
- shipping 4k
- car value in aud 40k
- gst 10% or 4k
- luxury tax is 30% but only over 59k (car plus gst, so you are under)
- customs etc another 2k
- all the little thing that add up 1k
- then registration etc, but that will happen regardless of the import so doesn't count.

I am originally from Canberra, so if you have other questions on locations etc, let me know.

Cheers.

[mhh]

NBTBRV8 said:

That model with those miles wouldn't be sought after and hard to sell especially as an import. However if you plan to keep it go for it.

Read this: http://www.infrastructure.gov.au/roads/motor/index...

There is also a long thread in the Australia forum about importing.

Good advice. Here's that thread.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

OP, there are some great driving roads around Canberra. And after a few weeks in Canberra, giving the car a run will be all the excuse you'll need.

Edited by mhh on Monday 31st December 03:59

[thegoose]

Ginos said:

......You can also look on redbook.com.au for true values, rather than advertised values.....

I don't know what the authorities use to calculate duties & tax etc but that aside It's usually the case that true values are reflected by the market, of which advertised prices are far more indicative than what might be printed in a book.

[Ginos]

thegoose said:

Ginos said:

......You can also look on redbook.com.au for true values, rather than advertised values.....

I don't know what the authorities use to calculate duties & tax etc but that aside It's usually the case that true values are reflected by the market, of which advertised prices are far more indicative than what might be printed in a book.

I was referring to the cost to purchase this model in Australia, not what the valuers use. Redbook is the actual market selling price, unlike many other 'books' that are way off.

[thegoose]

Ginos said:

I was referring to the cost to purchase this model in Australia, not what the valuers use. Redbook is the actual market selling price, unlike many other 'books' that are way off.

Fair enough, sounds like a very useful resource. I guess I'm just used to the UK where there's no official record of actual transaction prices on private sales, which can take place with cash in a car park, although I know in many countries these things have to be documented by a Public Notary or similar which would allow the recording and collation of the data.

[bigunit00]

I think you would have to factor in a sale price of 25% less than an oz delivered car. Market seem obsessed by this in terms of prices. Also punters will automatically assume the car will have rust issues so worth taking that into account. Also if you look on carsales.com.au 90% of 993's seem to be tips. So your car will probably be harder to shift.

I think the weakness in the pound has seen a lot of cars coming from Europe to oz due to the discount available but IMO prices across the board are falling as supply of cars increases (not just pork but other exotics competing for the same cash)

I would expect market to be soft over next 12-24 mths as I think the Australian economy is in for some tough times (RBA is starting to ease monetary policy which is a sure sign of an imminent economic slowdown)

A couple of private sales at around $60k aud

http://www.carsales.com.au/private/details/porsche...

http://www.carsales.com.au/dealer/details/porsche-...

http://www.carsales.com.au/private/details/porsche...

Dealer car at $74k but as a manual c2 coupe probably the most sort after

http://www.carsales.com.au/CarGallery.aspx?R=13865...


I would value a private sale uk imported 993 tip with high miles but assuming good condition to sell for $35k-$50k. Probably best to assume the worst for any calculation. I doubt you will make any money, more than likely break even

[xftdr]

Hi Everyone.

Thanks for your really helpful advice. I will have a few questions in due course but I note that a couple of you have mentioned mileage .. mine has 64,000 miles which is just 100k km. I don't think that is high in UK terms but are you saying that is it high for the Australian market?

Thanks for all the posts - please keep 'em coming.

Ginos - thanks for your kind offer .. I may take you up on it idc.

Xftdr

[pikey]

I'm in Sydney and brought a Cayenne out earlier this year.

Summary of timelines and costs here: http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[NBTBRV8]

xftdr said:

Hi Everyone.

Thanks for your really helpful advice. I will have a few questions in due course but I note that a couple of you have mentioned mileage .. mine has 64,000 miles which is just 100k km. I don't think that is high in UK terms but are you saying that is it high for the Australian market?

Thanks for all the posts - please keep 'em coming.

Ginos - thanks for your kind offer .. I may take you up on it idc.

Xftdr

Yes, there is a psychological barrier and the "next step" in depreciation at 100,000kms, that is why you see quite a few cars come up for sale in the 80s-90s. Without having seen your car which makes it difficult, so as others have said on here, I'd be surprised if you got over $40k for it through the trade and no more than $50k privately.

I've always found Redbook to be too cheap, I don't believe they are sales vales, but more likely to be "receipt values" for transfer purposes if you know what I mean.

Good luck with it though.

[bigunit00]

I think clued up buyers can get great cars with slightly higher milege if in great condition as people erroneously assume that low miles = good condition

[Red9]

Surely this is not a current thread?
To the OP-- if you can get 22-- sell it --full stop.
If you are migrating-- you are able to import a car for basically no add on cost.If you are not migrating you cannot import that car.
On values --a tip is at bottom of scale and $40's is possible. If you sell at 22 = approx AUD $34--- add shipping at reg cost etc-- close to 40 at best.
As an import it's value is at the bottom of the scale here-- so about effective cost.
This free import is once only opportunity-- better to buy something with a distortion in price-- eg 997 GT2RS !!!! Exaggerated-- but if it is a business proposition-- you can make more money than the 993 is worth.

[bigunit00]

Red 9 - what is this about a "free import"? You are talking complete bs

[Red9]

bigunit00 said:

Red 9 - what is this about a "free import"? You are talking complete bs

Perhaps it might be easier for you to understand if I said "free to import" -- which in general terms-- you are not able to import a Porsche built after 1988.
Your ability to contradict yourself so many times in 10 lines is outstanding -- bs-- for want of a words you clearly understand.The weakness of the pound has got what to do with Australian Porsche prices--given that it is near enough impossible to import a Porsche unless you fit an exceptional category( which the op may fit)-- not general imports of other makes which is what I presume that you refer to- so why bother mentioning it. Perhaps it is the same reason that you waffle on about government monetary policy-- it gives the illusion that you may know something.What inside knowledge do you have to make such a prediction on economic direction !! My point is this--it is all irrelevent-- reality is UK is far worse off than Australia and both countries are part of the world.
After all the bs in quoting dealer prices at $74K for a non comparable car -- you do get something right-- I would agree that 35ish (or worse) is likely to be the wholesale price-- likely to be how it is valued and only leaving private sale potential to add a little to that.

To the OP--- at 100kms-- it is only a number-- but considered high here.Australian delivered Porsche are about twice the UK price new and tend to be pampered garage queens-- so quite often have very low kms. The paradox is that I have seen a lot of 993 tips with 150kms and more around-- perhaps they were originally sold to people who intended to use them !!
I recently sold a 993 Tip that I used as a daily for a few months-I grew to like it-which was a surprise to me as it is not the sort of Porsche that fits my tastes.Given your best case numbers ie sell it there and do not add to cost that will not see again-- consider other options.If you can get GBP 22+ there- I would be doing that.Only reason to do otherwise is because of some sentimentality!! You have the likely opportunity to have a once only "free" hit to bring a late model car into the country--use it to best effect.

Edited by Red9 on Tuesday 1st January 10:13

[bigunit00]

Red 9 - your ability to add no value to a thread is what is astounding. Thanks for the "insights". I feel enlightened

[xftdr]

Everyone, thanks for your help. No wish to start any arguments on here.

Piccie of my 'baby' below:


So, as I read it, because my car is a Tip Targa with over 100k km on the clock I would struggle to sell it were I to bring it over. But if I sold it here for around £22k I would not be able to pick up something similar in Oz for the money?

I was never looking at this as a money making venture so I might just ship it anyway, if i come, to enjoy some of those roads.

As an aside, we have two other cars. My wife's Mini One (a 2008) and my Volvo V70 (2009). If I bring the Porsche I cannot bring the volvo as well as it is registered in my name but the mini is in my wife's name so we could bring that. Is it worth doing or false economy with all the import taxes?

FInally, two questions about the Porsche. Currently costs me about £320 per year insurance 5k miles limit, 45 years old no claims or convictions. Is it going to cost me a fortune out there? And secondly, are there any good Porsche independents for servicing around Canberra?

Thanks for your help everyone and Happy New Year

Edited by xftdr on Tuesday 1st January 14:41