Spot flaws in my idea for some summer fun?
Spot flaws in my idea for some summer fun?
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GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
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The initial message was deleted from this topic on 02 February 2015 at 12:01

hornetrider

63,161 posts

235 months

Thursday 8th January 2015
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GoughieJr said:
Can you spot any flaws in my plan?
Buying at retail and selling privately will lose you quite a bit of wedge.

thatguy11

658 posts

153 months

Thursday 8th January 2015
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Sounds like a sound plan to me, unless Boxster prices plummet in the coming months which I can't see happening!

Have you thought about a Z4 3.0 SE, Honda S2000 or 350Z? All to be had for £5k ish

Samjeev

778 posts

151 months

Thursday 8th January 2015
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thatguy11 said:
Sounds like a sound plan to me, unless Boxster prices plummet in the coming months which I can't see happening!

Have you thought about a Z4 3.0 SE, Honda S2000 or 350Z? All to be had for £5k ish
or if you want fun consider an Elise or Vx220?

There is quite a large list of Rwd, 2 door convertibles to have fun in for the summer beyond a boxter smile

GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
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Garage prices and private don't seem to differ too much, I'm aware I'll lose a bit, but in 20 living at home and working full time haha,

I've thought about 350z but don't like the way the convertibles look, Z4 is a good shout, my mates got an s2000 so don't really want to copy

GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
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Samjeev said:
or if you want fun consider an Elise or Vx220?

There is quite a large list of Rwd, 2 door convertibles to have fun in for the summer beyond a boxter smile
Issue with the Elise is they cost a bit much to buy. Ive thought about the VX220 but insurance prices are crazy.


Office_Monkey

1,969 posts

239 months

Thursday 8th January 2015
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Samjeev said:
or if you want fun consider an Elise or Vx220?

There is quite a large list of Rwd, 2 door convertibles to have fun in for the summer beyond a boxster smile
Not for £5k there isn't! Have been considering this too, will mainly be a weekend car for me.

Willeh85

760 posts

173 months

Thursday 8th January 2015
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GoughieJr said:
Can you spot any flaws in my plan?
Yes, It doesn't involve booze, drugs, or hookers.

Joking aside, just because you're mate has an S2000 I wouldn't deprive yourself of a great car for 6 months because you're afraid of copying someone you know.

Remember you're buying it for the top down driving experience, don't miss out on a circa 9k rpm crazy mobile for a silly reason biggrin.

Dinoboy

2,600 posts

247 months

Thursday 8th January 2015
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If your buying from a reputable dealer it will come with a warranty anyway.
I bought mine at the end of January and sold in August ,lost about £200.

TA14

14,332 posts

288 months

Thursday 8th January 2015
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GoughieJr said:
I've been looking at Porsche Boxsters for a year and have been put off by IMS and RMS Issues.

So my plan is to wait until about March, got out and by an 2001ish boxster from a garage. Drive it for 6 months and then sell it off. I don't think I'll lose all that much money as prices have barely changed for a few years. Reason for 6 months is I'm pretty sure by law if anything goes wrong you can return it and they have to prove that the issue wasn't there when sold, not sure they can do that on a bearing.
One flaw in your plan is the IMS and RMS issues. The garage have to supply a car that is reasonable for that model at that age, mileage and price. If it's reasonable to expect that you'll have IMS and RMS issues then they won't have to repair them. All AIUI of course. Why not just buy a nice car and keep it for three years?

GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
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Willeh85 said:
Yes, It doesn't involve booze, drugs, or hookers.
I cant tell you my whole plan!! Ive always loved the thought of owning a Porsche though.

paintman

7,860 posts

220 months

Thursday 8th January 2015
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A 13 year oldish vehicle & you think the dealer will keep fixing any and all faults/problems that appear for free. Trading Standards may disagree with you.
"If the used vehicle is faulty, you have a short time after buying it to reject it. You may have other remedies such as repair or replacement. If the vehicle is faulty then you need to write to trader you bought it from. You should confirm the details of your complaint and the remedy you are seeking and keep copies of all correspondence. As a last resort, you may need to consider taking court action. Remember, used vehicles may have some faults, but they should not be excessive. Fair wear and tear is not considered to be a fault."
http://www.tradingstandards.gov.uk/advice/problems...

You intend to buy a summer car at the start of the season when prices are high & people want them. Then sell it at the start of winter when prices drop as people want to get rid.
That said, worth what you may lose for the fun you'll havesmile

Edited by paintman on Thursday 8th January 10:13

Jon1967x

8,199 posts

154 months

Thursday 8th January 2015
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paintman said:
You intend to buy a summer car at the start of the season when prices are high & people want them. Then sell it at the start of winter when prices drop as people want to get rid.
This.

The guy who bought in Jan bought cheap as its still winter and sold in August as its still just about in season. Buy now... sell in July.

ORD

18,203 posts

157 months

Thursday 8th January 2015
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Does OP seriously think he can buy a car that has known faults (affecting a certain proportion of cars) and that is priced accordingly but then take it back if goes pop and get his money back? Would he run a garage on that basis? "It is cheap because it goes pop. If it goes pop, we'll give you your money back and take the broken car".

GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
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ORD said:
Does OP seriously think he can buy a car that has known faults (affecting a certain proportion of cars) and that is priced accordingly but then take it back if goes pop and get his money back? Would he run a garage on that basis? "It is cheap because it goes pop. If it goes pop, we'll give you your money back and take the broken car".
Well if i ran a garage sold a car, and they rung up a month later and said its £7k in damages I wouldnt just leave it at that.

I get what youre saying though, theres quite a high element of risk in what Id like to do


Bennet

2,133 posts

161 months

Thursday 8th January 2015
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How much is this boxster costing?
If you're buying a 5k boxster from a small independent garage, getting them to cough up after 5 months may be a real headache, no matter what your entitlements turn out to be.

To be honest, from your OP it also sounds like you're knowingly taking on a mechanically risky car whilst congratulating yourself on having a sneaky plan to keep all the liability for a probable failure on the dealer. I'd say you should either own the car including it's well known problems or leave it on the forecourt. His inability to "prove the problem wasn't there when it was sold" is a bit of a convenient get out for you. Sorry if I've missread you here.

(New cars with a warranty being different story, obviously.)


Edited by Bennet on Thursday 8th January 10:41

GoughieJr

Original Poster:

26 posts

146 months

Thursday 8th January 2015
quotequote all
Jon1967x said:
This.

The guy who bought in Jan bought cheap as its still winter and sold in August as its still just about in season. Buy now... sell in July.
Thats another good shout. Id have to buy in the next month or two

trowelhead

1,867 posts

151 months

Thursday 8th January 2015
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+1 for the z4. Good reliability and cheap to buy and run for what you get!

furtive

4,503 posts

309 months

Thursday 8th January 2015
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GoughieJr said:
Issue with the Elise is they cost a bit much to buy. Ive thought about the VX220 but insurance prices are crazy.
My VX220 costs me no more than my MX5 to insure. How old are you and have you tried the specialist insurers?

Johnny 89

836 posts

182 months

Thursday 8th January 2015
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How about a TVR Chimaera? They are very simple, older cars and therefore potentially more reliable and definitely cheaper to work on.

They are better looking (personal taste) and (arguably) sound better with a lovely V8. They are rarer also.