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How to tell the value is correct of a potential car

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geomac79

New member
Joined
19 Apr 2017
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27
hi all,

Ive had some great advise on another thread and thought I would ask the some more.

Im looking to see if there is a way that you can tell if the value of a potential car is correct. Im going to view the below car tomorrow but to me it looks a little expensive but you have Turbos going from £35k to £60K, I know the old saying its only worth what someone is willing to pay but I don't want to make a very valuable mistake. If it was a house you would just check past sales but not as easy with cars.

Any advice is appreciated

http://locator.porsche.com/ipl-customer/ipl/details/details.ipl?cid=1
 
Links to the Porsche locator rarely work and this one doesn't for me.

From what you've said I assume it's to a 996 Turbo :dont know:

Regarding your question the only straight forward way is to compare what's currently on the market making sure that you are comparing like-for-like re spec, mileage and vendor. NB: Age is less critical for cars only produced (with odd exceptions) between 2001 and 2004.

Even then asking prices for apparently identical cars will vary but as a general rule I'd deduct 10-15% for a private sale compared to a Porsche Specialist and add 10% for any OPC car.

EDIT: In any scenario expect to pay 10% more for a manual over a Tip'.
 
Hi T8

http://www.autotrader.co.uk/classif...d&make=PORSCHE&sort=distance&model=911&page=1

hopefully the auto trader link works, I have checked with the garage and this car doesn't come with the OPC warranty due to the age but the garage themselves have done £13k worth of work all documented in the past year. I haven't asked what that work is as I will see for myself tomorrow.

I understand what you are saying about the prices and its makes sense, there just seems a huge gap
 
It looks like a nice car. It's in the middle of that price range you talk about and it's an OPC car. Not sure about them not putting an OPC warranty on it due to age? The rule is up to 15 years old now. Perhaps they don't want to warranty it?

A good but not amazing spec. Heated seats and rear wiper but no cruise control from what I can see and those rear sensors look aftermarket.

Mileage is fine as I presume you want to drive it not store it?
 
Warranty might just depend on date of registration, as the warranty can only be put on the car up to 14yr of age, so it expires at 15yrs.
 
Definitely want to drive it :lol:

I will find more out tomorrow and post some details. Thanks fo the feedback so far
 
Ask to see a copy of the 111-point check. They would have carried that out as part of vetting the car irrespective of warranty.

I'd guess it has OPC service history - they generally wont take in a 996 if it has been out of the OPC network.

Examine what the £13k worth of work was on.

Little room to negotiate the price at OPC. It is a fair price that probably reflects overall condition and mileage and the fact that it is for sale at a main dealer.
 
cheshire911 said:
Ask to see a copy of the 111-point check. They would have carried that out as part of vetting the car irrespective of warranty.

I'd guess it has OPC service history - they generally wont take in a 996 if it has been out of the OPC network.

Examine what the £13k worth of work was on.

Little room to negotiate the price at OPC. It is a fair price that probably reflects overall condition and mileage and the fact that it is for sale at a main dealer.
Click to expand...

Thanks for the advice I will ask for that. I know every deal is different but what sort of discount would be reasonable to achieve.

Yes it has all but one stamp at a OPC garage the other being a Porsche specialist
 
geomac79 said:
I have checked with the garage and this car doesn't come with the OPC warranty due to the age but the garage themselves have done £13k worth of work all documented in the past year. I haven't asked what that work is as I will see for myself tomorrow.

I understand what you are saying about the prices and its makes sense, there just seems a huge gap
Click to expand...

A manual car from an OPC is adding two 'premiums' over a Tip' from a normal Porsche specialist so that asking price is pretty much spot-on compared to others on the market at the moment.

If that £13k includes a full rad set, new discs and pads, a decent set of boots and a recent service it should mean you won't have anything else to pay for a good while. An OPC purchase, even without the usual Insurance backed warranty, should give extra peace of mind.

The mileage means this car is not a collectable - which is why it's not £10k+ dearer but it's below average for a 911 which is why it's not £5k cheaper.

Good Luck with the test drive etc. :thumbs:
 
T8 said:
geomac79 said:
I have checked with the garage and this car doesn't come with the OPC warranty due to the age but the garage themselves have done £13k worth of work all documented in the past year. I haven't asked what that work is as I will see for myself tomorrow.

I understand what you are saying about the prices and its makes sense, there just seems a huge gap
Click to expand...

A manual car from an OPC is adding two 'premiums' over a Tip' from a normal Porsche specialist so that asking price is pretty much spot-on compared to others on the market at the moment.

If that £13k includes a full rad set, new discs and pads, a decent set of boots and a recent service it should mean you won't have anything else to pay for a good while. An OPC purchase, even without the usual Insurance backed warranty, should give extra peace of mind.

The mileage means this car is not a collectable - which is why it's not £10k+ dearer but it's below average for a 911 which is why it's not £5k cheaper.

Good Luck with the test drive etc. :thumbs:
Click to expand...

Thanks for the advice, I will update you all afterwards
 
another 5k and you can have a tip 997 turbo!!!!
without the warranty that price is pretty heavy, even with the supposed work done
 
kozzi said:
another 5k and you can have a tip 997 turbo!!!!
without the warranty that price is pretty heavy, even with the supposed work done
Click to expand...

That's true. In fact for £51k he could have mine. 4 years newer and slightly lower miles. 6 months OPC warranty too. :D
 
The book value for September is £40,500 Retail mileage adjusted which reflects standard specification and doesn't take into consideration colour options and/or any extras.

Others will know better than me on this but if it is a desirable colour with extras then yes it is probably priced correctly.

Interestingly as well the guide stated margin is merely £5k (CAP Clean £35,500) which when you consider 20% VAT out of the retained margin, it's not enough in my view for a main dealer.

A guide is merely that at the end of the day and doesn't take into consideration market availability of same specification models and desirability/demand.

In terms of movement for negotiation, there should always be room for some, the car went up marginally in value in April according to market stats but has generally stayed in value over the last 12 months.

Hope this helps :thumb:
 
T8 said:
kozzi said:
another 5k and you can have a tip 997 turbo!!!!
without the warranty that price is pretty heavy, even with the supposed work done
Click to expand...

That's true. In fact for £51k he could have mine. 4 years newer and slightly lower miles. 6 months OPC warranty too. :D
Click to expand...

I would snap his hand off, geomac79.

No comparison.
 
I agree, T8 you just sold your car to someone on here, no doubt :D
 
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