Sale value of a Hartech warranty? High Mileage 996
Discussion
Apologies to those with no interest in values, but...
I am thinking about selling my 996 and I wonder if the Hartech warranty means that it is likely to achieve a higher price than for a similar 100,000 mile 996 without warranty.
So... if an 996 M030 Blue/Savannah like mine could be valued at round £10k, what do we think the Hartech warranty should add to the asking price? 25% (£12,500)? 40% (£14,000)?
I'm tempted to ask Henry, but I think that I'd find it to depressing to hear what he would offer (if at all!)
I am thinking about selling my 996 and I wonder if the Hartech warranty means that it is likely to achieve a higher price than for a similar 100,000 mile 996 without warranty.
So... if an 996 M030 Blue/Savannah like mine could be valued at round £10k, what do we think the Hartech warranty should add to the asking price? 25% (£12,500)? 40% (£14,000)?
I'm tempted to ask Henry, but I think that I'd find it to depressing to hear what he would offer (if at all!)
How much did you pay for the warranty and how long does it have left to run? It's a good selling point but not going to add much value to the car ultimately.
I bought a 996 recently that had a recent full Hartech engine rebuild (£8K worth) with 18 months left to run on the engine re-build warranty. I personally thought that was worth at least a grand over a similar car without all this work done.
I bought a 996 recently that had a recent full Hartech engine rebuild (£8K worth) with 18 months left to run on the engine re-build warranty. I personally thought that was worth at least a grand over a similar car without all this work done.
Edited by anonymous-user on Tuesday 31st January 15:57
khushy said:
on what Planet?
Planet earth, anyone looking for a car like his will do their homework and the added security of knowing the IMS has been looked at is worth its weight in gold. I'm not talking huge amounts of money but surely worth a grand or so. If hes only got a warranty then cant see much premium if any at all.Put it this way i would rather pay a premium to a private seller with hartech work done and a hartech warranty than a OPC car for strong money and less mileage and a 50/50 chance of whether the OPC would back me should the engine go pop or not.
Edited by TOENHEEL on Tuesday 31st January 16:58
Edited by TOENHEEL on Tuesday 31st January 17:04
Magic919 said:
I don't see it adding anything.
I disagree entirely.If you buy a car not on the Hartech scheme, and the engine goes bang - you've got an £8k bill.
If you buy a car on the Hartech scheme, and the engine goes bang - you've got a bill for a couple of hundred(?) (parts only).
I would certainly pay a premium for the latter, not least as there is a considerable cost to get a car to the standard to join the scheme (gold service etc), and I suspect that many others would also pay a premium for that.
TOENHEEL said:
Has yours had work done by Hartech? Updated ims etc?
To get on the Hartech plan it needed to have the Hartech Gold Service and anything that needs doing must get fixed (or excluded) or it doesn't get accepted. This included a compression test (perhaps leak down as well). No problems with the IMS and 3.4's don't suffer from the thermostat problem.
So work done? None, but they have seen it every six months or so and continue to provide the warranty (at a monthly cost).
I see it as more than peace of mind - for a price of £60 / month Hartech includes all servicing and an annual MOT.
uktrailmonster said:
How much did you pay for the warranty and how long does it have left to run? It's a good selling point but not going to add much value to the car ultimately.
I bought a 996 recently that had a recent full Hartech engine rebuild (£8K worth) with 18 months left to run on the engine re-build warranty. I personally thought that was worth at least a grand over a similar car without all this work done.
A 996 with a Hartech rebuilt (fixed) engine worth and 18 months to run only worth £1,000 more than one without? This seems really low. I bought a 996 recently that had a recent full Hartech engine rebuild (£8K worth) with 18 months left to run on the engine re-build warranty. I personally thought that was worth at least a grand over a similar car without all this work done.
Edited by uktrailmonster on Tuesday 31st January 15:57
TOENHEEL said:
Planet earth, anyone looking for a car like his will do their homework and the added security of knowing the IMS has been looked at is worth its weight in gold. I'm not talking huge amounts of money but surely worth a grand or so. If hes only got a warranty then cant see much premium if any at all.
Put it this way i would rather pay a premium to a private seller with hartech work done and a hartech warranty than a OPC car for strong money and less mileage and a 50/50 chance of whether the OPC would back me should the engine go pop or not.
I wonder about the probability of an IMS failure on a car that has done 100,000 on the original IMS, seems pretty unlikely. However, oval bores causing it to go bang on such a 996 has to be much more likely. Hence the value of a warranty (to me). Put it this way i would rather pay a premium to a private seller with hartech work done and a hartech warranty than a OPC car for strong money and less mileage and a 50/50 chance of whether the OPC would back me should the engine go pop or not.
khushy said:
sorry but I disagree - with a Hartech Warranty - its worth the market rate - without it - slightly less - its just a different degree of risk.
On Planet Earth anyways!
And the market rate for the average 996 without a warranty has been priced down because of the perceived risk hasn't it? On Planet Earth anyways!
The lemon problem (a prospective buyer not knowing whether a car is a good one or a bad one) is surely solved by a warranty such as Hartech's in that IF something big happens, then it's covered.
And so the question is whether the market rate for a car with a Hartech Warranty is higher than the market rate for a car without a Hartech Warranty.
Edited by danielw on Tuesday 31st January 17:53
danielw said:
And the market rate for the average 996 without a warranty has been priced down because of the perceived risk hasn't it?
The lemon problem (a prospective buyer not knowing whether a car is a good one or a bad one) is surely solved by a warranty such as Hartech's in that IF something big happens, then it's covered.
And so the question is whether the market rate for a car with a Hartech Warranty is higher than the market rate for a car without a Hartech Warranty.
its hardly "solved" - the risk is "maybe" reduced - thats it - nothing is 100% reliable - the Hartech option (like others) HOPEFULLY reduces the chances of failiure.The lemon problem (a prospective buyer not knowing whether a car is a good one or a bad one) is surely solved by a warranty such as Hartech's in that IF something big happens, then it's covered.
And so the question is whether the market rate for a car with a Hartech Warranty is higher than the market rate for a car without a Hartech Warranty.
Edited by danielw on Tuesday 31st January 17:53
khushy
Just the 'Hartech Warranty' (which the new owner may or not continue extending on a monthly basis) won't add ANY financial value. It would be like comparing with any service history from any good marque specialist, any normal buyer will simply expect it to have been serviced. Otherwise, which is worth more, your car or one with recent clucth, brakes, etc? The permutations are infinite and therefore impossible to price as such. Certainly it may help in selling the car more easily, paticularly to people whom are close to Hartech.
Even if the car in question had a new engine then maybe (and only maybe) it would have been worth a bit more. There are a few cars on sale in the PH classifieds with Hartech rebuilds and they are priced at no significant premium to any other simialr vintage car and haven't sold in months.
Its not like a car touched by hartech is gold dust or anything! Hartech themselves have a blue 996 on sale on their website for over a year now, its severely overpriced and therefore hasn't sold.
Its an interesting question - what did get done? If it had a full rebuild with IMS upgrade, thermostat and closed deck liner mod, then it would remove much of the fear from buying a 996 IMO. It wouldn't necessarily make it worth a lot more than a 'normal' 996, but should be a bit easier to sell. Do you have full details & photographs of the rebuild?
I have to say I would probably be happy to jump in a £15k leggy C4S if it had the above hartech mods. I'd still be wary of buying a stock leggy C4S however. Not sure I would pay more, just I would still avoid the latter. Just an opinion.
I have to say I would probably be happy to jump in a £15k leggy C4S if it had the above hartech mods. I'd still be wary of buying a stock leggy C4S however. Not sure I would pay more, just I would still avoid the latter. Just an opinion.
khushy said:
sorry but I disagree - with a Hartech Warranty - its worth the market rate - without it - slightly less.
How can the vast majority of cars (i.e those without the Hartech warranty) be worth less than the market rate????The market rate is the norm, the average, the mean, the baseline, the datum etc etc.
You then have special factors that will affect the value +/- versus the baseline.
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