Car futures exchange
Discussion
Kayc's rant on a thread about dealers spread inspired me to think of this.
I would say this but.....we should start trying to trade our cars like futures. For instance, I would sell my GT3 in 7 months from March for -5.5 from list. The buyer and seller agree a maximum amount of use and as long as the car has no accidents and is in the condition pre determined, the sale has to go ahead in 7 months. Obviously in that time they might make loads and the car is worth a bit less on the other hand everyone might catch onto the GT3 thing and you can only get them for 2 k off of list in 7 months.....
We could go even deeper and start spreading our cars if someone you know has a better car or worse that you might like to own one day.
This may unhinge the dealers prices.
Right thats it, im opening a site can anyone help me
......
It may already exist?
I would say this but.....we should start trying to trade our cars like futures. For instance, I would sell my GT3 in 7 months from March for -5.5 from list. The buyer and seller agree a maximum amount of use and as long as the car has no accidents and is in the condition pre determined, the sale has to go ahead in 7 months. Obviously in that time they might make loads and the car is worth a bit less on the other hand everyone might catch onto the GT3 thing and you can only get them for 2 k off of list in 7 months.....
We could go even deeper and start spreading our cars if someone you know has a better car or worse that you might like to own one day.
This may unhinge the dealers prices.
Right thats it, im opening a site can anyone help me
...... It may already exist?
Edited by bund on Thursday 22 February 09:27
bund said:
Kayc's rant on a thread about dealers spread inspired me to think of this.
I would say this but.....we should start trying to trade our cars like futures. For instance, I would sell my GT3 in 7 months from March for -5.5 from list. The buyer and seller agree a maximum amount of use and as long as the car has no accidents and is in the condition pre determined, the sale has to go ahead in 7 months. Obviously in that time they might make loads and the car is worth a bit less on the other hand everyone might catch onto the GT3 thing and you can only get them for 2 k off of list in 7 months.....
We could go even deeper and start spreading our cars if someone you know has a better car or worse that you might like to own one day.
This may unhinge the dealers prices.
Right thats it, im opening a site can anyone help me......
It may already exist?
I would say this but.....we should start trying to trade our cars like futures. For instance, I would sell my GT3 in 7 months from March for -5.5 from list. The buyer and seller agree a maximum amount of use and as long as the car has no accidents and is in the condition pre determined, the sale has to go ahead in 7 months. Obviously in that time they might make loads and the car is worth a bit less on the other hand everyone might catch onto the GT3 thing and you can only get them for 2 k off of list in 7 months.....
We could go even deeper and start spreading our cars if someone you know has a better car or worse that you might like to own one day.
This may unhinge the dealers prices.
Right thats it, im opening a site can anyone help me
...... It may already exist?
Edited by bund on Thursday 22 February 09:27
Good idea - extending this a bit further how much for a call option on a 911 GT3, maturing in 7 months with Strike at list minus £5.5k. I'd also be keen in buying a put option on a 2006 911 C4S maturing in 7 months time struck at list minus £15k
Sidicks
The chap in EVO who had the Aston V8 pre-sold it at list to some chap for delivery on t+7 months
Link here: http://evo.co.uk/carreviews/evolongte
Link here: http://evo.co.uk/carreviews/evolongte
I love it, the 3 who reply and they know more about what I do than I do(not hard though really)
Sidicks, id say about £500 for that call option pal.
Clubsport, now i know you know your stuff inside out and I'm waiting for you to show me.
Delta, if i spent half the time that of what i do on PH or wondering where certain cars are going and actually thought about trading id be a very very wealthy man.
Sidicks, id say about £500 for that call option pal.
Clubsport, now i know you know your stuff inside out and I'm waiting for you to show me.
Delta, if i spent half the time that of what i do on PH or wondering where certain cars are going and actually thought about trading id be a very very wealthy man.
mikeg996 said:
The chap in EVO who had the Aston V8 pre-sold it at list to some chap for delivery on t+7 months
Link here: http://evo.co.uk/carreviews/evolongte
Link here: http://evo.co.uk/carreviews/evolongte
Yeah that did come to mind when i had my idea.
After that bloke doing that with his V8 i think the market just moved on my GT3.....
Edited by bund on Thursday 22 February 09:58
Sorry but some of you guys must be financed up to the hilt if you're that worried about losing £10k/£25k on a 997GT3 over 1/3yrs. No-one likes to lose money but that's new cars for you and it's your choice...Buy a 5yr old 911, then you wouldn't have anything like the same worries.
The car market is distorted enough with many people buying the latest £80k cars they can only afford by moving on after 3 months, to escape any depreciation. Probably bought by remortgaging their house.
The car market is distorted enough with many people buying the latest £80k cars they can only afford by moving on after 3 months, to escape any depreciation. Probably bought by remortgaging their house.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff