Who is off the mark here ? ( p/ex offer )

Rotty

Rotty

Rotty

Don
Joined
18 Oct 2002
Posts
42,154
Location
Notts
Took a Cayman R for 24hr test drive yesterday, wasn't really looking to swpa for a few more months but thought may as well and was honest with them

He said he would work some figures out in case I was interested

Now I had ideas what it would be worth now and in a few months, the "cost to swap" didn't really come into it as we discussed price on their car and it is same with or without p/ex

the discussions basically ended as soon as p/ex price was mentioned but I am wondering if maybe I was off the mark rather or was it the dealer

what would you hope for/expect to be offered

55 Reg ( dec 2005/MY06 ) Porsche Cayman 3.4S
61k miles, Full OPC history, very good condition, a few stone chips but no dents

Big Spec, options include

PCM satnav
Bose sound
Full climate
Upgraded sports seats
extended leather
Xenons
19 inch sport design wheels
Sports Chrono Plus

neutral colour ( siilver with black leather )

tyres below half way

Just need to know if my expectations are out so I can plan what I am doing
 
No, was at Nottingham

If you are after getting one the demonstrator I had been sold while I was out, no idea if they have another
 
If you go onto Vauxhalls website, under the 'Finance' tab it will tell you the CAP trade in price for the car.

Im not sure how applicable that is to high end cars though
 
Maz said:
£13500
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That would be an absolute joke if they offered that.

A private sale on a car such as Rotty's will tend to sell in the region of 17-19k should sell on quite easily, especially with an OPC warranty.

A dealership would aim for no doubt 19-21k from such a car, maybe 22k with a push.


As such Rotty you need to be explaining to the dealer you want to do a deal but your only happy for them to make a profit on *ONE* car, not the car they are selling you and yours as well.

As such your car would sell privately quite easily for 16-17k and if you add an OPC warranty (needs to pass 111 point check) you could easily get 18k for the car.

Either way your should sell easily for 16k private, an OPC would sell it on between 18-20k, so anything they give you under 18k they'd be making profit on.

As such stand your ground, don't accept any less than 16k and aim for 18k and explain to them that them trying to make a profit on two cars you find a joke, they will either respect you for this and improve their offer or they will just say no.

Remember you could also try Sheffield and Wilmslow OPC's to see what part exchange they'd offer you.


Anyway what did you think of the Cayman R in comparison to your S?
 
Gibbo said:
That would be an absolute joke if they offered that.

A private sale on a car such as Rotty's will tend to sell in the region of 17-19k should sell on quite easily, especially with an OPC warranty.

A dealership would aim for no doubt 19-21k from such a car, maybe 22k with a push.


As such Rotty you need to be explaining to the dealer you want to do a deal but your only happy for them to make a profit on *ONE* car, not the car they are selling you and yours as well.

As such your car would sell privately quite easily for 16-17k and if you add an OPC warranty (needs to pass 111 point check) you could easily get 18k for the car.

Either way your should sell easily for 16k private, an OPC would sell it on between 18-20k, so anything they give you under 18k they'd be making profit on.

As such stand your ground, don't accept any less than 16k and aim for 18k and explain to them that them trying to make a profit on two cars you find a joke, they will either respect you for this and improve their offer or they will just say no.

Remember you could also try Sheffield and Wilmslow OPC's to see what part exchange they'd offer you.


Anyway what did you think of the Cayman R in comparison to your S?
Click to expand...

Ermm I don't really think you understand how car sales work!

2 cars, means 2 lots of profit!

They aren't going to pay retail for a part ex to make money on their stock car!

They'd rather not do a deal and wait for someone else to buy the stock car, Rotty's car probably has too many miles on it to retail from an OPC.

I know certainly by Sytner's standards it wouldn't be a retail car for them.

Car bottom books at £12900, £14050 Average and £15000 Clean.

I reckon he'll be bid around the £13500 mark.

Rottys car is no more than £18k retail.
 
Maz said:
Ermm I don't really think you understand how car sales work!

2 cars, means 2 lots of profit!

They aren't going to pay retail for a part ex to make money on their stock car!

They'd rather not do a deal and wait for someone else to buy the stock car, Rotty's car probably has too many miles on it to retail from an OPC.

I know certainly by Sytner's standards it wouldn't be a retail car for them.

Car bottom books at £12900, £14050 Average and £15000 Clean.

I reckon he'll be bid around the £13500 mark.

Rottys car is no more than £18k retail.
Click to expand...


£18k retail on an indy I would agree - 2k profit - £1k to tidy up and put a crap warranty on would make it about £15k

With an OPC the decent warranty would reflect in retail , same dealer has a non S on his forecourt, 1 yr newer and 40k miles bit 2.7 and low spec, he has it on for over £22k so I reckon would ask £20k

Does this 22k car he has make things look very dodgy ?
 
Gibbo said:
That would be an absolute joke if they offered that.

A private sale on a car such as Rotty's will tend to sell in the region of 17-19k should sell on quite easily, especially with an OPC warranty.


Anyway what did you think of the Cayman R in comparison to your S?
Click to expand...

I would have pitched it private at 16,995-17,495 if that is the way I wanted to go and would expect it to go quick

Loved the Cayman R, it's not a huge improvement over the S but that partly refelcts on how good the S is, the R sounds loads better even without PSE, handling is very similar on the road tbh but the one I tried did not have PASM, couldn't live with the buckets day to day but sports seats are no cost option

Love the look of it ( apart from the big Gen 2 mirrors ) , tbh it seems to have no downside over the S and a few upsides, supern overall
 
Rotty said:
Does that account for the big spec ?
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The spec means almost nothing when trading. Two things when you start trading exotics or high end cars. Take what you expect and subtract 10% and don't factor options/spec into the price, they net you almost nothing, despite what the dealers tell you when you're ordering a new car.

If you follow those rules, you won't be disappointed.
At the end of the day, the dealer wants to double dip and make a profit on both your car and the one you're buying.

I lost $40k on my Cayman S with a higher spec than yours in a year and 16k miles (50% of the purchase price). $30k on a 44k mile 911 over two years.
 
Steve_bullockuk said:
Ouch!
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While the market in the USA is different to the UK, I've experienced the same situations with all the exotics we've had in the UK as well. Porsche aren't quite as bad as some of the true exotics but they do depreciate, regardless of what the dealer feeds you about Porsches holding value amazingly.

The worst thing is, our used car market is inflated compared to the UK and I actually got above market value for all my trade ins. It does hurt and the one way of softening the shock you get when you're trading is just to take 10% off what you were expecting to get.
 
[ui]ICEMAN;20624179 said:
The spec means almost nothing when trading.
Click to expand...

does when they are seeling used cars though ;)


When I sold the M3 I had one telling me silver was a bad colour these days, the Porsche I was looking at p/ex ing it against was .........................

well I am sure you can guess :p
 
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