I've been trying to sell my (perfect) 997 TT for two months but so far no interest despite dropping price several times. I know the credit crunch and fuel price is making buyers cautious but I wasn't expecting it to be so quiet. I'm now having to consider selling it to the trade and take a big hit. Would be interested if anyone has had more luck through other channels - I'm using autotrader, top marques, Porsche Post, Trade Porsche, 911UK, pistonheads. Not yet tried autocar or Times.
Market
- Thread starter sotoole
- Start date
pauljmcnulty
Active member
Can't help with the car, but as a comparison I've just dropped my house price again. A very desireable house, in cracking location and condition, that the agents would have had a queue of buyers for last Autumn
Now reduced by 15%. Depressing, but a simple case of supply and demand. There's a price that everything will sell at, but confidence has dropped so far that it might be worth thinking about keeping it for a few years rather than taking the big hit now?
Now reduced by 15%. Depressing, but a simple case of supply and demand. There's a price that everything will sell at, but confidence has dropped so far that it might be worth thinking about keeping it for a few years rather than taking the big hit now?
InnerSphere
New member
I hear you loud and clear - had to take a loss on my Cayman recently for the same reasons. I didn't have the option to keep it with a little one joining the family 
I had some success with independents - was worth about 10% on the selling price versus OPC's
hth,
Graeme
I had some success with independents - was worth about 10% on the selling price versus OPC's
hth,
Graeme
Black80XSA
New member
You could try Richard at Cummings of Bodmin - they might be interested in buying it. I got a good deal from there quite a few years ago now.
Trouble is its a lot of money to have tied up on the forecourt when there are no browsers , never mind buyers. There are still showrom cars in my OPC thats were there in January !
Craig mentioned to me recently a 2k mile, 08 plate Range Rover SPort demonstrator - £43k, or £17k off new price (thats almost 30% off even at retail price !) - sign of the times [&:]
Trouble is its a lot of money to have tied up on the forecourt when there are no browsers , never mind buyers. There are still showrom cars in my OPC thats were there in January !
Craig mentioned to me recently a 2k mile, 08 plate Range Rover SPort demonstrator - £43k, or £17k off new price (thats almost 30% off even at retail price !) - sign of the times [&:]
Black80XSA
New member
75-80k seems to be the price to buy an 06 plater from an indi, or even an OPC. so if OPC are asking £80k then £70k trade in.
You'll be looking at about £72k for a private sale, and at that money there aren't many buyers for private sales unfortunately. I guess £28k loss in 2 years isn't all that bad really given current market !
You'll be looking at about £72k for a private sale, and at that money there aren't many buyers for private sales unfortunately. I guess £28k loss in 2 years isn't all that bad really given current market !
grover
New member
I bought my 57 plate TT a few months ago in March but with eyes wide open to the fact that the demand for cars like this will drop a lot in 08/09. Probably the best place longer term and my plan was to p/x for the next generation turbo when out, where at least the OPC will be keen to take new orders for turnover, whereas when I traded my 2s for the TT they offered no real deals as the cars in stock were going by the day. Amazing what a few months of market forces does. Of course when you are buying either property or cars, if you can wait until everyone wants to sell you have a bargain, which is what I am hoping for looking for a flat in central London.
I sold my 3k mile 56 plate TT three weeks ago through my OPC on a SOR basis and got £85k for it which I was very happy with in the current market. It was a manual car in basalt/black lthr with a pretty high spec. Colour seems to really affect value at the moment from what my OPC told me and unfortunately Cobalt does not appear to be popular. I don't know why as it looks really good IMHO and is undoubtedly a heck of a lot easier to look after than basalt. It's not a good time to be trying to sell high end cars just now. I'm looking at selling my very high spec facelift 57 plate Cayenne S and getting little or no joy so I may just hang onto it for another year and get some use out of it.
Mike Cooper 33
New member
Has anyone tried to trade in a 997 against the facelifted model? Having spent 78K on a C4S 3 months ago I am curious to know what sort of hit we are taking vs the facelift when it comes to renewel time.
dereksharpuk
New member
Colour is very important, especially at the moment. Trouble is, if a certain colour was very popular a couple of years ago, ie Cobalt, lots will return to the OPC later and of course they will want a selection in stock. Consequently, Cobalt will be less popular at present.
However. alternatively, unpopular colours will always be unpopular.
That said, popularity changes as it is based on fashion; moreover it is such a personal thing. Interestingly, white is coming back at last, whilst Guards Red became popular for just a year or so. I wonder how we will treat the new Cream White. It probably will be popular as it is a 'Special colour' and hence more expensive.
On a final note re residuals; one never loses anything if one never sells!!
However. alternatively, unpopular colours will always be unpopular.
That said, popularity changes as it is based on fashion; moreover it is such a personal thing. Interestingly, white is coming back at last, whilst Guards Red became popular for just a year or so. I wonder how we will treat the new Cream White. It probably will be popular as it is a 'Special colour' and hence more expensive.
On a final note re residuals; one never loses anything if one never sells!!
How long is a piece of string? [&o]
Even without a facelifted model to factor in the equation the hit would be determined by supply & demand and of course how Darling Brown's economy is doing [
]Too minimise the hit you have to buy a great used example from a sensible private seller IMO ... OPC used car margins are on another planet to the "real world"
Julio Geordio
New member
Yep, I asked for p/ex price against a faelift. TBH, the OPC kept phoning me, I was intending to import, but not sure there's much in that right now with exchange rates where they are.
Anyway, they went away for a couple of days and then came back with a frankly insulting offer. As a seller I know you always want more than a buyer wants to pay, but there is some middle ground. What did strike me was the arrogance of them. The premium car market is dropping like a stone. I'm an avid Pistonheads, Topmarques & Sunday Times price watcher, and prices are tumbling across all marques and models. And I have friend in the top end car finance business who confirmed that Porsche are having shed loads of cars returned right now. They wouldn't discount and they wouldn't budge on the p/ex price - they said that Porsche owners are a wealthy bunch and the recession won't impact on them (so the implication was that they weren't too bothered if I didn't buy). Personally, whilst that may be true for some owners, I think that's a little niaive. What's more, even if as group of people we are lucky enough to have a wealthier profile than most, we're not stupid.
On the positive side, I am still loving the car 2.5 yrs on, it still makes me smile EVERY time I get in it, and will prob ride it for another year. It's the longest I have ever kept any car and that says a lot!
Anyway, they went away for a couple of days and then came back with a frankly insulting offer. As a seller I know you always want more than a buyer wants to pay, but there is some middle ground. What did strike me was the arrogance of them. The premium car market is dropping like a stone. I'm an avid Pistonheads, Topmarques & Sunday Times price watcher, and prices are tumbling across all marques and models. And I have friend in the top end car finance business who confirmed that Porsche are having shed loads of cars returned right now. They wouldn't discount and they wouldn't budge on the p/ex price - they said that Porsche owners are a wealthy bunch and the recession won't impact on them (so the implication was that they weren't too bothered if I didn't buy). Personally, whilst that may be true for some owners, I think that's a little niaive. What's more, even if as group of people we are lucky enough to have a wealthier profile than most, we're not stupid.
On the positive side, I am still loving the car 2.5 yrs on, it still makes me smile EVERY time I get in it, and will prob ride it for another year. It's the longest I have ever kept any car and that says a lot!
Unfortunately IMHO/experience, trying to sell outside the OPC Dealer network will always be fraught. When I decided to sell my Colbalt 997 S (2 years ago) I had a "˜dead cert' private buyer who appeared to lust after the car "" made all the right noises but never committed to a deal.
I then took the car to a local independent who had the car in pride of place in his showroom "" after six weeks of eye candy, prettying up their place along with 996's & Boxsters, I pulled the car (paid the advertising fee[]) and took the car back to OPC on a Friday ready for weekend trade. It sold on the Sunday!
Got to ask yourself "if you're spending "˜that' kind of hard earned, would you buy indy or Main Dealer?"
I know my answer, so when it was time to sell my Turbo (back in March) it was straight back to the OPC and suffer the consequencies. Having said that, it sold within 4 days "" took another 28 days to get the cash mind you, but that's another story!
Graham
I then took the car to a local independent who had the car in pride of place in his showroom "" after six weeks of eye candy, prettying up their place along with 996's & Boxsters, I pulled the car (paid the advertising fee[
]) and took the car back to OPC on a Friday ready for weekend trade. It sold on the Sunday!Got to ask yourself "if you're spending "˜that' kind of hard earned, would you buy indy or Main Dealer?"
I know my answer, so when it was time to sell my Turbo (back in March) it was straight back to the OPC and suffer the consequencies. Having said that, it sold within 4 days "" took another 28 days to get the cash mind you, but that's another story!
Graham
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