Its official - £10k mark up from london independent

[BermyAndy]

This is for sale with charles ivey

http://www.charlesivey.com/Porsche-Sales/details.p...

And i happen to know they paid £10k less for it. It was expected, and I knew I could get more privately, but it really hurts...!

[Lagerlout]

If it makes you feel any better, I very much doubt they will sell that for the asking price. A) mileage B) Targa C) Tip. Rest of it looks very nice. Personally I wouldn't have expected to pay more than about £28k, maybe even a bit less.

[BermyAndy]

True - always felt their for sale prices were a bit toppy

[Lagerlout]

Good reason why they are called stealers eh. When I went to sell my CSL a couple of years ago, 2 year old car, 20k on the clock, paid £48k for it, £62k new (when bought with 1200 miles on it) - got trade offers of £28k... £28k. I finally did sell it to the trade, but I got £32k for it from a good dealer (Westover Sports Cars). Now, CSL's are selling at the same price 2 years on.. Explains why I should not invest in the stock market.

[TonyHetherington]

They put a warranty in it, valet it, check it all over and fix things like windscreen cracks etc, host phone calls to view it, insure it the whole time it's there (also for random people to drive it), and will be beaten down on price....

so say they get knocked down 3k, that's 7k in it for them to do all that stuff and, oh yeah, make a profit. They are after all a business.

How many Porsches with £3k profit do you think they need to sell to maintain that business? I'd wager quite a lot!

[BermyAndy]

Oh, dont get me wrong. I appreciate the costs involved etc it just feels different when its your own car, you know?

[Lagerlout]

You're right of course, but their margin is their problem, and the price we sell for is our problem if we decide to sell to dealers. And as for warranty, please, unless it's Porsche or (I forget the other company on here - Hartech?) most of them aren't worth the paper they are written on.

Key to selling a car, sell it when you're not in a position to have to sell it and don't cross trade on cars for an "easy life".. Not always easy to do, but the best way to get your price.

[Vesuvius 996]

BermyAndy said:

Oh, dont get me wrong. I appreciate the costs involved etc it just feels different when its your own car, you know?

Ring like a fresh bullet wound....


I got a surprisingly good offer from OPC East London on Saturday. Surprisingly good.

[Deva Link]

TonyHetherington said:

They put a warranty in it, valet it, check it all over and fix things like windscreen cracks etc, host phone calls to view it, insure it the whole time it's there (also for random people to drive it), and will be beaten down on price....

so say they get knocked down 3k, that's 7k in it for them to do all that stuff and, oh yeah, make a profit. They are after all a business.

How many Porsches with £3k profit do you think they need to sell to maintain that business? I'd wager quite a lot!

When you look at all the costs involved (not to mention the cost of financing the stock), it's hard to imagine how they make money at all.

[TonyHetherington]

Yeah you're right - you can understand the reasoning, but it doesn't make it any easier to swallow when you see a flat £10k over what you sold it for barely a week or two earlier!

[hoges11]

Have recieved very good offers (and money) in the past from Northways and RSJ

[BermyAndy]

And had I of kept it, I could have easily spent another £2k on it - disks, pads, annual service etc etc

[rallycross]

a large chunk of that mark up is to help them when someone wants to trade their car in and has an unrealistic view on the value of their trade in.

[9hellheaven]

The botton line is very simple..1, They are in business to make money and as much of it as they can irrespective of margins etc.
2, You did not have to sell the car to them.
And 3, Nobody has to buy it of them!..Thats life

[Mustard]

BermyAndy said:

And had I of kept it, I could have easily spent another £2k on it - disks, pads, annual service etc etc

Which will probably have to be spent in preparation for the new owner!

[Bund]

Andy, what you after now?

[Slippydiff]

Vesuvius 996 said:

BermyAndy said:

Oh, dont get me wrong. I appreciate the costs involved etc it just feels different when its your own car, you know?

Ring like a fresh bullet wound....


I got a surprisingly good offer from OPC East London on Saturday. Surprisingly good.

Soov, I'd sincerely hope you did get a "surprisingly good offer" on the basis that if you buy at their asking price you'll be paying at least £5k over the odds........................
I'd wager there's an easy £12K in the car you're looking at in East London OPC.

[Lurking Lawyer]

Vesuvius 996 said:

I got a surprisingly good offer from OPC East London on Saturday. Surprisingly good.

Oh FFS man! Stop farting around and get that itch scratched!!

[BermyAndy]

Bund said:

Andy, what you after now?

Well, i considered the 550, but didnt like the interior and was worried about service costs etc

Then I had a big comfortable car for the weekend once, and was overjoyed by being able to go places with more than 1 person, and be able to fit things in the back. So ive bought a range rover sport supercharged

Its the oddest about turn in my life since i went from oceanography to private equity

[Bund]

BermyAndy said:

Bund said:

Andy, what you after now?

Well, i considered the 550, but didnt like the interior and was worried about service costs etc

Then I had a big comfortable car for the weekend once, and was overjoyed by being able to go places with more than 1 person, and be able to fit things in the back. So ive bought a range rover sport supercharged

Its the oddest about turn in my life since i went from oceanography to private equity

Well i hope its as good a turn around as the job obviously was.

Edited by Bund on Monday 17th September 14:02