Dealer bid/offer spreads.

[kayc]

Very old and worn out subject but i had to make a comment..certain dealer selling an 01 'y' plate tt with 49500 miles at just below 50k.Same dealer 12 months ago offered me 40k for a similar tt with 25k miles'as no-one wants them'...Either mileage counts for nothing?,the bid/offer spread is at least 20%?..or 996tt prices are going up?(unlikely).Once again this confirms to me how much profit indies/dealer are working on and distorting car values in the process.

[henry-f]

Or the car is a triffle on the dear side.

www.pistonheads.com/sales/102875.htm


996 Turbo 2001 50,000 miles with the magic sat nav £44,995.

Keep smilin`

Henry

Edited by henry-f on Wednesday 27th September 15:26

[DeltaHedge]

I'm not defending dealers (too much) with this post....BUT

- They pay to stock the cars etc etc (assuming they're not like some of the crappier ones who are SOR only)
- They spend x hundred on prepping the car, the odd one requires servicing/tyres etc
- VAT on any profit

I've always worked on the assumption that if they offer me 100k, they'll retail it at 110. They'll spend a grand on my car, accept 107 for mine, so make 6 grand less VAT, which is just over 1k, leaving them with a little under 5k on the deal. On a 100k car a 5% margin doesn't sound unreasonable.

Obviously the same logic on a 50k car is not as good. It also helps to explain why they want to take such big spreads out of supercars - for the price of taking a CGT into stock tehy could buy x Boxsters....

for example if they make 3k on each 40k Boxster, they'll wanna make over 20k on a CGT, probably a little more given the increased risk of having a CGT on their books in case it drops 10k in the time they have it

[fidgits]

henry-f said:

Or the car is a triffle on the dear side.

www.pistonheads.com/sales/102875.htm


996 Turbo 2001 50,000 miles with the magic sat nav £44,995.

Keep smilin`

Henry

Edited by henry-f on Wednesday 27th September 15:26

phew!

thank god it was silver - otherwise i was going to start calling you lucifier!!!!

The whole biblical temptation thing incase you didnt catch the sutblty there and thought it was outright offensive!

[kayc]

henry-f said:

Or the car is a triffle on the dear side.

www.pistonheads.com/sales/102875.htm


996 Turbo 2001 50,000 miles with the magic sat nav £44,995.

Keep smilin`

Henry

Edited by henry-f on Wednesday 27th September 15:26

X plate.'No demand for x plates but if it was a y plate i could pay so much more!'

[henry-f]

Oh no sir. The letter X signifies mystique and intrigue hence all top secret projects are denoted by it ie Project X-71.

Y on the other hand has such a low expectation of it`s self and stands for dissapointment and dispair. "Y oh Y did I bother". "Y don`t you just go out and find someone else then if my cooking is that bad" and so on.

So as you can see by rights we should actually be charging a little more for the car.

Henry

Edited by henry-f on Wednesday 27th September 15:57

[kayc]

henry-f said:

Oh no sir. The letter X signifies mystique and intrigue hence all top secret projects are denoted by it ie Project X-71.

Y on the other hand has such a low expectation of it`s self and stands for dissapointment and dispair. "Y oh Y did I bother". "Y don`t you just go out and find someone else then if my cooking is that bad" and so on.

So as you can see by rights we should actually be charging a little more for the car.

Henry

Edited by henry-f on Wednesday 27th September 15:57

Fair play to you Henry.with all the shit people like myself dish out to you and your way of making money im very impressed in the way you handle it all in good humour.Good luck to you and happy trading.

[deutscher]

DeltaHedge said:

a 5% margin doesn't sound unreasonable.

...or very likely. I think you'll find the average margin is double this.

[mustard]

deutscher said:

DeltaHedge said:

a 5% margin doesn't sound unreasonable.

...or very likely. I think you'll find the average margin is double this.

in everyones dreams!

[fidgits]

kayc said:

Very old and worn out subject but i had to make a comment..certain dealer selling an 01 'y' plate tt with 49500 miles at just below 50k.Same dealer 12 months ago offered me 40k for a similar tt with 25k miles'as no-one wants them'...Either mileage counts for nothing?,the bid/offer spread is at least 20%?..or 996tt prices are going up?(unlikely).Once again this confirms to me how much profit indies/dealer are working on and distorting car values in the process.

I bet your invited to dinner parties all the time kay...

[hoges11]

Thats a very tempting motor Henry just wondering what the spread over my 2002 targa is likely to be

[henry-f]

We would happily take your 2002 Targa in part exchange or indeed buy it outright. Sadly without seeing the car it is impossible for me to value. How much were you wanting for the car?

Henry

[hoges11]

Of course wouldnt ever expect a firm price without you giving it a good look over, but I would probably need to make at least 30K for me to make the step up

[henry-f]

Subject to knowing the details on the car that doesn`t sound out of the way at all. Certainly I would be surprised if a 996 targa was worth less than £30k in the trade unless the number on the speedo was particularly excessive or the car had issues.

Henry

[pontypool]

but i thought mileage wasn't important!?

[nodz17]

You're not at it again are you David?

Although, I've got to confess, I sold the 968 cab you sold me and bought a manual 993 c4 a couple of weeks back. A hernia operation has since curtailed my chance to drive it for a week or so. Now that's frustrating! Loved the 968 though so will probably get another at some point.

Your Targa looked like a nice one when I (briefly) saw it.

Cheers.
Richard

[henry-f]

pontypool said:

but i thought mileage wasn't important!?

No, not to the condition of the car but it dictates the most we can ask for the car if you remember. So if the car has done 100k miles that isn`t a problem, but we can`t ask £40k for it no matter how good a car it is whereas if it`s only done 15k miles it could be worth £40k but it`s condition will dictate the actual value up to that point.

Hope that clarifies the situation.

Henry

[hoges11]

Well you know what its like Richard, and I have hankered after a 996 Turbo for some time! Nice as it is the Targa was the wifes choice and I spend most of my time in the 928 and Turbo II. Think I could swing the swap as long as I buy something new enough just have to be careful she doesn't insist I get rid of two for the price of one, I love the Turbo II and can't really ever see me not having a 928. Glad you enjoyed the 968 and quite a step up to the 993 I think it would be hard to go back to a 968 after that, unless you get both ! but thats how I started