Premium Offered For My GT4
Discussion
Hi,
A friend of a friend called me today and offered me a significant premium for my GT4, which arrives in a few weeks. I have politely declined.
I have no interest in selling the car now or ever. It’s one that I would like to hopefully keep with a few current classics, and pass onto family one day.
That aside, I was surprised to see that there wasn’t any 718 GT4s / Spyders advertised on Pistonheads.
Out of interest, what is the true value of such a car now... 10-20% over list?
A friend of a friend called me today and offered me a significant premium for my GT4, which arrives in a few weeks. I have politely declined.
I have no interest in selling the car now or ever. It’s one that I would like to hopefully keep with a few current classics, and pass onto family one day.
That aside, I was surprised to see that there wasn’t any 718 GT4s / Spyders advertised on Pistonheads.
Out of interest, what is the true value of such a car now... 10-20% over list?
Edited by oo7ml on Thursday 14th November 13:48
Haha, it’s genuinely not. I’ve no interest in flipping my car or any other cars. I’ve been waiting over 12 months for Porsche to reveal this car, and there are far easier ways to make money.
Thanks to those who were annoyed by the post... but still chimed in... very strange, but thank you.
Anyway... the main reason I asked was actually from an insurance perspective, as I recently insured a classic 911 and there was some debate with the insurance company in terms of the ‘true value’ of the car... and after this mornings conversation I’m curious to know what value the car needs to be insured at... I would have presumed it was the price that I paid the OPC for it?
Thanks to those who were annoyed by the post... but still chimed in... very strange, but thank you.
Anyway... the main reason I asked was actually from an insurance perspective, as I recently insured a classic 911 and there was some debate with the insurance company in terms of the ‘true value’ of the car... and after this mornings conversation I’m curious to know what value the car needs to be insured at... I would have presumed it was the price that I paid the OPC for it?
Thanks, I've seen similar things happen in the watch industry too. I renewed my house insurance in the summer, and had to list the value of 2 watches, both which have significantly risen in value over the last number of years... and I had the exact same conversation with the insurer.
I will be insuring the GT4 with the same insurance broker, so will let you know how it turns out, thanks.
I will be insuring the GT4 with the same insurance broker, so will let you know how it turns out, thanks.
Yeah, I agree. However, I would be more than happy to have the GT4 valued at the price I pay for it and not at a premium value, however, I did have to argue the true value of my 1986 911 as it was fully restored by the previous owner with over €100k in receipts from previous owners, and I had a receipt for the amount I paid for it backed up by my bank statement. They eventually agreed the true value of the car.
Also, one of the watches I insured has a "5-6 year waiting list", and realistically if i had to replace that watch, I'd have to pay double the price I paid for it, or wait another 5 years.
Also, one of the watches I insured has a "5-6 year waiting list", and realistically if i had to replace that watch, I'd have to pay double the price I paid for it, or wait another 5 years.
Surely Porsche will know who owned that car, and simply kick them off their ‘exclusive’ list.
Rolex constantly seek out watches that have been flipped onto the market, and ban those customers from their ‘exclusive’ list.
I don’t understand why Porsche and other brands don’t create some form of a binding agreement / contract that prohibits this - i.e - you must own the car for a minimum of 12 months and must sell it back through Porsche at the market value. I know it sounds OTT but it would rule out a lot of interest from non enthusiasts.
Rolex constantly seek out watches that have been flipped onto the market, and ban those customers from their ‘exclusive’ list.
I don’t understand why Porsche and other brands don’t create some form of a binding agreement / contract that prohibits this - i.e - you must own the car for a minimum of 12 months and must sell it back through Porsche at the market value. I know it sounds OTT but it would rule out a lot of interest from non enthusiasts.
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