Current market

[Spevs]

ClubsportStr said:

braddo said:

Spevs said:

A month after I sold my car WBAC bid was 14k less than I received !

Wow...........

And it's evidence that WBAC isn't good at valuing 911s (and probably most low volume cars) - the previous month they were overpaying so the pendulum swings the other way the next month.

Don’t think they were over paying the OPC offered me only 4k less the month I sold it. The market just changed for nearly new stock because more new stock is available with the ramp up of production and the interest rate changes. When I bought the car interest rates were 6.9 when I sold it they were 12.4 with Porsche . The same car pcp monthly payments would be double and that’s the issue and why so many new cars are sitting in dealerships.

I had the car 8 months and sold it for 2k less than what I paid new. I just got lucky ! As the Porsche 8k price increase had a temporary blip on second hand prices at the time .

I would say that WBAC is probably not the best place to achieve good prices for specialists cars or highly spec cars . But for lightly spec newish cars their prices are normally pitched right .

Edited by ClubsportStr on Tuesday 3rd October 15:35

Your a very lucky boy to have got out when you did...............

[m88ony]

Can't seem to find a 991.1GTS to buy at £65K. Stock priced at £72K-£75K seems to move.

This one a 911 Virgin went quick - https://911virgin.com/listings/991-1-carrera-gts-2...

Same with this one at Camerons - https://www.cameronsportscars.com/vehicle-details/...

[Sukh13]

m88ony said:

Can't seem to find a 991.1GTS to buy at £65K. Stock priced at £72K-£75K seems to move.

This one a 911 Virgin went quick - https://911virgin.com/listings/991-1-carrera-gts-2...

Same with this one at Camerons - https://www.cameronsportscars.com/vehicle-details/...

The 62,500 one is 991.2 but CAT S

[Ed.Neumann]

m88ony said:

Can't seem to find a 991.1GTS to buy at £65K. Stock priced at £72K-£75K seems to move.

This one a 911 Virgin went quick - https://911virgin.com/listings/991-1-carrera-gts-2...

Same with this one at Camerons - https://www.cameronsportscars.com/vehicle-details/...

I think he was saying £66k for a 991 GTS is what a dealer was offering to buy it in compared to WBAC at £57k.

[Ed.Neumann]

Sukh13 said:

m88ony said:

Can't seem to find a 991.1GTS to buy at £65K. Stock priced at £72K-£75K seems to move.

This one a 911 Virgin went quick - https://911virgin.com/listings/991-1-carrera-gts-2...

Same with this one at Camerons - https://www.cameronsportscars.com/vehicle-details/...

The 62,500 one is 991.2 but CAT S

What about 991.2 from OPC for a grand or two more?

Porsche 911 Carrera GTS (991 II) - Miami Blue - 32k miles - £77,000

Porsche 911 Carrera GTS (991 II) - Night Blue - 23k miles - £77,900

[CK11]

Ed.Neumann said:

I think he was saying £66k for a 991 GTS is what a dealer was offering to buy it in compared to WBAC at £57k.

Yea, one of the specialist porsche dealers were offering £66k when WBAC were £52/53k for the same car. Then selling for say at least £72500. A nearly identical car is for sale at a opc for £79,950.
So if you take the specialist selling at £72500, thats a £20k difference from what wbac would offer you. Or £27k less than a opc are selling a near identical car for except for 1 more years warranty. They are definitely currently a mile away from 991.1 gts prices anyway. Closer on non gts 991.1 models but still quite far away from say motorway prices.

Surely there is not a chance in hell that a 991.1 gts will be anywhere the wbac valuation inside 6-12 months.

Difference of

[julian987R]

m88ony said:

Can't seem to find a 991.1GTS to buy at £65K. Stock priced at £72K-£75K seems to move.

This one a 911 Virgin went quick - https://911virgin.com/listings/991-1-carrera-gts-2...

Same with this one at Camerons - https://www.cameronsportscars.com/vehicle-details/...

This one isn't far off if you make an offer and meet in the middle at £67K. Great spec and dealer too.

https://www.pistonheads.com/buy/listing/15686021

[bosshog]

Again 991.1 GTS were going for around these prices 4 years ago. I get the GTS is top boy outside the GT cars but still seems overvalued in the scheme of the last 20 years car depreciation trends.

[Ed.Neumann]

With 2018 GTS cars now down to £77k asking at an OPC, and this 991.1 one that you would probably get for £70k....?

Porsche 911 Carrera GTS (991 I) - Carmine Red - 29,000 miles - £71,900

I reckon OPCs are wanting to pay late 50s already. You have to remember, many owners who PCP'd in 2019 will have final payments of around £40-45k, to be offered £60k for you car and find out you have £15,000-20,000 coming back to you that you were not expecting is still going to be pretty nice.

Pay £59k and hope to put it up at £69,999 and get it moved quickly? I've no idea. But sounds about right.


Who knows where they will be next summer?

Get one bought and enjoy it.

[CK11]

I'm going to hold off until after this winter and see where things are. Could easily be losing £1000-1500 per month to do very little miles for at least the next 6 months. Just doesnt make sense to me anyway. Unless a private seller wants a, just over trade bid, and it was perfect with porsche warranty then i might bite, but it looks like march / april next year and see how things stand. Prob a blessing in disguise for me at least that ive had a couple of bids turned down recently.

[isleofthorns]

recently sold my 991 --- WBAC were 52k, specialist dealer paid 59k.. sold in about two weeks around 66k.

[GT4P]

As a private seller in the past if I am getting half way between trade and retail I am happy but problem today is private sellers want retail prices and all the time prices are dropping, I think some sellers need to get real as could become worse off holding out!

[m88ony]

julian987R said:

This one isn't far off if you make an offer and meet in the middle at £67K. Great spec and dealer too.

https://www.pistonheads.com/buy/listing/15686021

Mileage far too high.

[julian987R]

m88ony said:

Mileage far too high.

So rather than saying....

'Can't seem to find a 991.1GTS to buy at £65K'

you meant to say

'Can't seem to find a 991.1GTS to buy at £65K with less than X miles'

...so X is what?

[m88ony]

CK11 said:

Yea, one of the specialist porsche dealers were offering £66k when WBAC were £52/53k for the same car. Then selling for say at least £72500. A nearly identical car is for sale at a opc for £79,950.
So if you take the specialist selling at £72500, thats a £20k difference from what wbac would offer you. Or £27k less than a opc are selling a near identical car for except for 1 more years warranty. They are definitely currently a mile away from 991.1 gts prices anyway. Closer on non gts 991.1 models but still quite far away from say motorway prices.

Surely there is not a chance in hell that a 991.1 gts will be anywhere the wbac valuation inside 6-12 months.

Difference of

If you were selling a .1 GTS you would get in touch with specialist as you would hope they would understand the model over a Carrera. I doubt you would sell to WBAC if specialist are bidding more than WBAC.

RPM car is close to £70k with 57K miles. RPM are known to price cars reasonably.

[GT4RS]

m88ony said:

julian987R said:

This one isn't far off if you make an offer and meet in the middle at £67K. Great spec and dealer too.

https://www.pistonheads.com/buy/listing/15686021

Mileage far too high.

That currently averages at 7k a year and over time that average will likely go down as most will only want that car as a second car.

Even at 67k it’s expensive mind.

[m88ony]

GT4RS said:

That currently averages at 7k a year and over time that average will likely go down as most will only want that car as a second car.

Even at 67k it’s expensive mind.

Yeah punchy price with the mileage. Difficult to see where the price of these are!

[GT4RS]

m88ony said:

julian987R said:

This one isn't far off if you make an offer and meet in the middle at £67K. Great spec and dealer too.

https://www.pistonheads.com/buy/listing/15686021

Mileage far too high.

That currently averages at 7k a year and over time that average will likely go down as most will only want that car as a second car.

Even at 67k it’s expensive mind.

[Cheib]

Ed.Neumann said:

With 2018 GTS cars now down to £77k asking at an OPC, and this 991.1 one that you would probably get for £70k....?

Porsche 911 Carrera GTS (991 I) - Carmine Red - 29,000 miles - £71,900

I reckon OPCs are wanting to pay late 50s already. You have to remember, many owners who PCP'd in 2019 will have final payments of around £40-45k, to be offered £60k for you car and find out you have £15,000-20,000 coming back to you that you were not expecting is still going to be pretty nice.

Pay £59k and hope to put it up at £69,999 and get it moved quickly? I've no idea. But sounds about right.


Who knows where they will be next summer?

Get one bought and enjoy it.

If those maths are right (which they could well be) it is a factor of how residuals are still very strong compared to where these cars were in 2019…from recollection they were £80k to £90k area ? So if you paid £85k four years ago and the car is still worth £60k that is cheap motoring.

I don’t think many people will have run these cars to term though…my guess is a lot of people would have got a phone call from their OPC’s a year ago telling them they had a “surprising amount of equity in their car” and did they fancy a new one.

OPC’s have a piece of software which maps this in all the cars they sell on PCP….throughout the life of the contract. Sales Execs get told when their clients have got enough “equity” to finance a new car…and so it goes on.

[CK11]

The opc one linked above seems better value than the rpm one after a cheeky bid of course, over 2 year porsche warranty remaining and nice miles.
I ran that 991.2 gts thats linked above through wbac and motorway

Porsche have it at £77k
Wbac £59k
Motorway £67k

Just a difference of £18k between porsche and wbac .

Edited by CK11 on Tuesday 3rd October 23:28