Super Car Bargains (12C)

[Wilmslowboy]

Been discussed on the FB owners forum

A 12c, very low miles, low owners, super spec car (dripping in carbon, bucket seats, PPF etc)
just sold at auction for £74k (of which £16k was buyers fees, so only £58k hammer price)

Suppodely enthusiast owned, 'estate sale' with proceeds going to the crown

https://www.ewbankauctions.co.uk/20190321F2-lot-0-...







A deal perhaps only bettered by me selling my manual 993 4s in 2010 for £20k and listening to the wife and not buying the 'slightly rusty 911 with a silly spoiler' back in 1999 for £25k (1972 2.7 RS)

[BlackR8]

interesting that it says the car cost new £168k, I thought the MP4 12C was a much more expensive car when new??

Either way, feels like astonishing value.

[Ferruccio]

A sports car selling at c.45% of cost after 7 years - seems quite good value retention?

[breadvan]

BlackR8 said:

interesting that it says the car cost new £168k, I thought the MP4 12C was a much more expensive car when new??

Either way, feels like astonishing value.

That was the basic list. From memory, many were closer to £200 with options as this one would have. I’d have bought that in a heart beat for £58k plus fees.

[Wilmslowboy]

breadvan said:

That was the basic list. From memory, many were closer to £200 with options as this one would have. I’d have bought that in a heart beat for £58k plus fees.

This,

It's not likely that car was £168k list, my 12c came with an invoice of £198k (and that was net of a £40k discount)

Therefore after 7 years, (and only 11k miles) the car is around 38% of list, based on the same criteria a 12 plate 458 (same miles) would be around £85k (and not the £125k as advertised).

[Ferruccio]

Ewbanks say “invoice enclosed”, so presumably they have it and the figure is right.

(I have bought stuff off them in the past (not cars, which are not normally what they do) and their descriptions have always been accurate.)

[Drclarke]

Let’s get this right, the auction house charged sixteen thousand pounds for selling the car??

No warranty or comeback.

All for hitting a hammer on a piece of wood!

[sjc]

It says paperwork for warranty present.
If the advert and description is remotely close to the truth someone will be feeling very smug at the moment ... good luck to them.

[isaldiri]

BlackR8 said:

interesting that it says the car cost new £168k, I thought the MP4 12C was a much more expensive car when new??

Either way, feels like astonishing value.

£168k was where they started without any options in 2011.

[Ferruccio]

Drclarke said:

Let’s get this right, the auction house charged sixteen thousand pounds for selling the car??

No warranty or comeback.

All for hitting a hammer on a piece of wood!

You’re forgetting that the vendor usually pays commission too.

[Inspectre]

I looked through the paperwork and there was a new car invoice for £200k+ I think from memory. The car had a lot of great options. The auction house does not normally deal with cars bit this was a deceased estate that they were handing for a bank. Commission was their standard for artwork at 24%+vat and yes really high for a vehicle, but to be fair the fee was transparent. Auction house were very good to deal with and even offered a test drive. I think car was sold for a fair price considering it's an auction with no come back or warranty, perhaps it's a total bargain though...

[Wilmslowboy]

I think the price was spot on for an auction, however, what made it a bargain, is it was a 'great car', both in spec and condition, (not the usual high-risk auction stuff).

The only person who lost out was the seller (beneficiary of the estate), who only netted £58k, they would have got closer to mid £70s had they rung a few dealers.

[isaldiri]

Wilmslowboy said:

The only person who lost out was the seller (beneficiary of the estate), who only netted £58k, they would have got closer to mid £70s had they rung a few dealers.

Not as an outright buy......

[Vergis]

Only reason this went for such a low price was because it was sold via a not well known auction house.

If it had been better known auction house the pool of punters would of been greater and a hjigher price achieved.

[phib]

It had a purchase invoice for £223k including all the carbon.

Had lots of papaerwork.

Drove ok but had a bit of vibrtion under braking and one discs had abnormal wear.

Auction % was 28.8% (incluing vat)

Not sure given current market (i.e. not alot seems to be selling) but I am no expert on 12c's

Phib