Increase the value and quality of your car
Increase the value and quality of your car
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Discussion

hoges11

Original Poster:

1,011 posts

258 months

Wednesday 4th April 2012
quotequote all
Simply done, sell it to a dealer !

Seems to me that Joe "buyer" public puts a much higher value on a car coming from a dealer and only buys privately if the car is very very attractively priced. Seems that no matter how good the car the buyers trust a 2nd hand car dealer way ahead of other owners. On the other hand Joe "seller" public only tries to sell privately to realise a better price than they feel they would get from a dealer.

Seems like getting an acceptable buyer/seller match made in the pivate market is harder than finding a good prospective husband for your daughter.

Does that mean that the dealers are really performing a vital public function and adding trust into the equation, bless em.




steve singh

3,995 posts

203 months

Wednesday 4th April 2012
quotequote all
hoges11 said:
Simply done, sell it to a dealer !

Seems to me that Joe "buyer" public puts a much higher value on a car coming from a dealer and only buys privately if the car is very very attractively priced. Seems that no matter how good the car the buyers trust a 2nd hand car dealer way ahead of other owners. On the other hand Joe "seller" public only tries to sell privately to realise a better price than they feel they would get from a dealer.

Seems like getting an acceptable buyer/seller match made in the pivate market is harder than finding a good prospective husband for your daughter.

Does that mean that the dealers are really performing a vital public function and adding trust into the equation, bless em.
Sounds like you've just had a bad experience?

Scelto

619 posts

187 months

Wednesday 4th April 2012
quotequote all
hoges11 said:
Does that mean that the dealers are really performing a vital public function and adding trust into the equation, bless em.
Not necessarily, but they are adding "legal comeback" into the equation if the quality car turns out to be a dog...

marky911

4,434 posts

249 months

Wednesday 4th April 2012
quotequote all
Hi hoges,
is that what you've decided to do with your Turbo?

I've been toying with the idea of letting mine go and although I didn't advertise it, I had a bit of interest through forums etc, on the odd occasion I mentioned selling.

However, even though I was giving it away, all I had were timewasters or people wanting an as new car.

I've decided to keep it now as I know if I regretted selling it, I couldn't go and find another as good, for the price I was letting mine go for.

I'm actually ringing up a specialist in a moment for the leakdown results (carried out this morning) on my hopefully next purchase. smile

Totally agree though, god help anyone out there that actually needs to sell their air cooled Porsche. There are some numptys out there. From all walks of life too.

I'd just like to add I did encounter one or two decent people and if they're reading, you know who you are. smile

hoges11

Original Poster:

1,011 posts

258 months

Wednesday 4th April 2012
quotequote all
No not yet but am just starting testing the water on selling my current car, so facing the dilema again. I've bought from and sold to (very nice I must say) dealers in the past and done the same privately. I just know that the private buyers who low ball me would have no problem paying a much fuller price for the same car at a dealer (and maybe I would too). Just seems a little strange we havent worked out the ritual dance a little better.

993kimbo

3,003 posts

215 months

Wednesday 4th April 2012
quotequote all
Sell to a dealer. Yes. Obviously.

Trouble is, not all of us can afford to do that. My experiences of selling a couple of 993's meant me taking a hit of around £5000 when selling to a dealer.
I'm also a bit sensitive to some of their bullst.

Having said that, the grief, hassle, disappointments, ruined weekends, rudeness and general messing about by Joe Public would probably be worth the £5000 hit.

The private people who came to see my cars (buyers excluded) were nervous, worried little men who were stretching themselves to the limit financially. One even had a good independent PPI inspection done, then wanted me to drive 100 miles to OPC Reading to have another one done, just in case...


Edited by 993kimbo on Wednesday 4th April 12:44

boxsey

3,579 posts

240 months

Wednesday 4th April 2012
quotequote all
And for those of us that want to trade our current car to avoid the hassle of selling that first, using a dealer makes perfect sense. A few weeks ago I went from a high mile early 986 to an 07 987S. The whole deal from first seeing the newer car to collecting it, took less than a week. At no time was I without a car and I didn't have to worry about paying a person I didn't know. So the 'extra' it cost compared to selling privately and then buying privately, was indeed well worth it in my book.

steve singh

3,995 posts

203 months

Wednesday 4th April 2012
quotequote all
marky911 said:
god help anyone out there that actually needs to sell their air cooled Porsche. There are some numptys out there. From all walks of life too.
This is the very reason I've not purchased a 993 - I go through cars quickly and buy/sell privately to mitigate financial loss....could not deal with someone who would want to see every tax disc and petrol receipt, whilst ticking a sheet of paper on their clipboard.

hoges11

Original Poster:

1,011 posts

258 months

Wednesday 4th April 2012
quotequote all
marky911 said:
Hi hoges,
is that what you've decided to do with your Turbo?

I've been toying with the idea of letting mine go and although I didn't advertise it, I had a bit of interest through forums etc, on the odd occasion I mentioned selling.

However, even though I was giving it away, all I had were timewasters or people wanting an as new car.

I've decided to keep it now as I know if I regretted selling it, I couldn't go and find another as good, for the price I was letting mine go for.

I'm actually ringing up a specialist in a moment for the leakdown results (carried out this morning) on my hopefully next purchase. smile

Totally agree though, god help anyone out there that actually needs to sell their air cooled Porsche. There are some numptys out there. From all walks of life too.

I'd just like to add I did encounter one or two decent people and if they're reading, you know who you are. smile
Yep, same position as you, if I sell now I am accepting that I won't be able to see its like again but I need a fun car I can use more easily (for that read "fits golf clubs and old mans trolley") or I end up driving the galaxy far too much!! Also I could do with freeing up a chunk of money. So I'm thinking modest chunk of cash plus a 968 and all is well in the world. But sure will be a wrench to let her go and I dont have to sell so maybe we can go another six years together. From the story so far it looks like I go the easy route via the dealers or hang on.


Edited by hoges11 on Wednesday 4th April 12:49

hoges11

Original Poster:

1,011 posts

258 months

Wednesday 4th April 2012
quotequote all
993kimbo said:
Sell to a dealer. Yes. Obviously.

Trouble is, not all of us can afford to do that. My experiences of selling a couple of 993's meant me taking a hit of around £5000 when selling to a dealer.
I'm also a bit sensitive to some of their bullst.

Having said that, the grief, hassle, disappointments, ruined weekends, rudeness and general messing about by Joe Public would probably be worth the £5000 hit.

The private people who came to see my cars (buyers excluded) were nervous, worried little men who were stretching themselves to the limit financially. One even had a good independent PPI inspection done, then wanted me to drive 100 miles to OPC Reading to have another one done, just in case...


Edited by 993kimbo on Wednesday 4th April 12:44
and its not as if any of them offer much more than a dealer anyway I certainly didn't see a delta of £5k on any of mys cars

roygrant4

10 posts

241 months

Wednesday 4th April 2012
quotequote all
There is plenty of room for Golf Clubs and old mans trolley in a 993, it looks a lot better in the car park as well

hoges11

Original Poster:

1,011 posts

258 months

Wednesday 4th April 2012
quotequote all
roygrant4 said:
There is plenty of room for Golf Clubs and old mans trolley in a 993, it looks a lot better in the car park as well
Well I have driven one butI didnt register it was materially bigger than my Turbo II. At the moment its bag on front seat and (small) trolley in boot and was the same with my 996TT so I must be missing something. With my 968 (5 porsches ago mind you) it was bag and trolley in hatch back and all four seats free in the car (suprisingly the boot on the 968 was way bigger than the 928 S4 I had subsequently) Is yours really a 993 shaped tardis Dr ?

Personally I like the 968 to look at and as a long time 964 fan the feminine curves of the 993 don't quite work for me (am sure they would if I had one!)

Durzel

12,999 posts

198 months

Wednesday 4th April 2012
quotequote all
Porsche don't do their owners any real favours by offering a comprehensive 2 year warranty on used cars sold through their network. Then again they're in the business of making money so why should they?

The net result is that a privately sold car has to be pretty keenly priced to offset what you're losing both financially and from peace-of-mind from not buying from an OPC. Porsche also stop owners of used cars bought outside the network from even applying for a warranty until after 90 days of ownership, unfairly so in my opinion, thus contributing to the OPC attractiveness.

993kimbo

3,003 posts

215 months

Wednesday 4th April 2012
quotequote all
hoges11 said:
and its not as if any of them offer much more than a dealer anyway I certainly didn't see a delta of £5k on any of mys cars
Good point. Hadn't thought of that.

MadMark911

1,755 posts

179 months

Wednesday 4th April 2012
quotequote all
I certainly didn't see the £5K difference, in fact some of the dealer vehicles were more realistically priced than some of unrealistic privateers!

When you add in the choice of vehicles, provenance, sureity / legitimacy of title, the warranty, the (on average) better condition and the comeback opportunities (legally et al), coupled with the insurance to test drive, the ability to part exchange (and sometimes the advice on buying); why would you buy privately? Certainly when I was intending to spend the most I've ever spent on a 2nd hand car - it was a "no brainer" .....

Diesel130

1,549 posts

242 months

Wednesday 4th April 2012
quotequote all
and I think you'll find it easier to finance a dealer-sold car than a private sale.

gl20

1,199 posts

179 months

Wednesday 4th April 2012
quotequote all
I suppose buying/selling privately is something you can get comfortable and practiced at and it's best if you start 'young' ie if I had bought/sold my very first car for around £1-2k and worked my way up the ladder from there I might never have given it a second thought at any point. But as someone who has never done this the idea of a £50k trade on my drive or someone else's would give me more sleepless nights than the saving is worth.

As others have said a £5k delta is nothing like that once you factor in approved status, warranty etc aswell as piece of mind re fraudulent transactions, the nicer experience when picking it up, etc..

993kimbo

3,003 posts

215 months

Wednesday 4th April 2012
quotequote all
I think in the case of the older air-cooled stuff, they are more likely to have been owned by enthusiasts/OCD-ers who tuck them up in heated garages and really look after them. I'd actually rather buy from them than a dealer.

Water-cooled would scare me to death (too many forum posts) and I'd want a year's renewable warranty and all the hand-holding a dealer can offer.

from experience:
993 Targa, 35,000miles, paid £30,000 from dealer.
Spent £2000 on it in a year and pampered it to death
Best dealer offer £18,000, sold privately for £24500.



Edited by 993kimbo on Wednesday 4th April 15:13

kayc

4,492 posts

251 months

Wednesday 4th April 2012
quotequote all
MadMark911 said:
I certainly didn't see the £5K difference, in fact some of the dealer vehicles were more realistically priced than some of unrealistic privateers!

When you add in the choice of vehicles, provenance, sureity / legitimacy of title, the warranty, the (on average) better condition and the comeback opportunities (legally et al), coupled with the insurance to test drive, the ability to part exchange (and sometimes the advice on buying); why would you buy privately? Certainly when I was intending to spend the most I've ever spent on a 2nd hand car - it was a "no brainer" .....
Then you Sir have swallowed the 'dealer' package hook line etc..i have been buying/selling my toys on and off for the last 25 years(and lots of them) and im yet to find any used cars at any specialist that achieve my level of expectation or get close to my price expectation when im selling..dumping a car on a specialist because you know its average is only one step up from dumping it at a car auction..imo if you love perfect cars you will never sell or buy with a dealer(unless you adore bunging 20% of the value down the drain)

Edited by kayc on Wednesday 4th April 15:34

HokumPokum

2,089 posts

235 months

Wednesday 4th April 2012
quotequote all
because of warranty/finance/legal recourse, it makes sense to deal with OPC/specialist but in the case of those who can wait and don't need the money in a worry, shouldn't SOR thru an OPC or respected specialist be the best path? The service cost is presumably less than the bid/offer associated with an outright bid.

Of course, your car gets test driven and a level of care has to be imposed on the OPC/specialist, but query wouldn't you have to offer test drives as well?

I too am in the camp of "its too painful to sell private"