discounts on a used porsche?

[Zahoor Hussain]

I appreciate that the words discount and porsche are rarely used in the same sentence ! But with the prices of early 996's now looking to bottom out what discount (if any) you were able to achieve whether it was buying from trade or private ? Are there any dealers who are prepared to do a deal and whether others won't be in the least interested ?

Thanks

Z

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[smtk]

Well I don’t know about which dealers

But watch the second hand ads, if you see one advertises for weeks on end, has way too much in stock or drops price every week go in for the body blow

Or you might want to become friends with the trade-in chap at an OPC. OPC will normally stock cars that are less than 3 years old and chop out the others to independents. Just tell the guy to give you a call if what you’re looking for comes in. It will be trade price and without warranty. Worth a try, has worked for me with a BMW garage.

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[Zahoor Hussain]

smtk thanks for you comments. I've been watching the ads and nothing has really tempted me yet, there are a couple of cars which are not shifting but they're not my (or anyone else's) cup of tea. A chat to the trade-in chappy at the local OPC is a good idea.

What I'm trying to establish was what level of discount buyers were managing to achieve from a purchase these days? With a budget of say £30k should I be looking at cars up to £32k? Surely nobody pays the advertised price ?

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[Rob J]

I bought my GT3 back in the middle of September through a dealer, & took 4k off of the initial asking price, if thats any sort of guide. The same place has had a few other Porsches in. Most of their cars they've kept at about the same price, but i noticed they had reduced a GT3 Mk1, by about 3k , but it had been sitting there for a few months & to be honest was a bit rough.

None of these guys want to keep stock (cash) sitting on their forecourts too long. Most will deal eventually.

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[Mark911]

While looking for my 993 I found out that either these cars were sold within hours of advertising or stayed on the forecourts for many months. Even after very long periods of time the dealers seem to think they have the correct market price for that car, but I disagree. I am sure that most potential buyers in our field will know pretty soon whats available and after all, as we are 'the market', I would suggest that a slow mover is priced wrong at the start. Taking into consideration depreciation while its standing there (dealer stock is not immune), if you don't get a reasonable discount you are going to take a major hit sometime in the future or even struggle to sell.


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[Zahoor Hussain]

Thanks Rob & Mark for your comments.

Rob. £4k is not bad ! As a rough guide I was hoping to get 5% off the asking price, but have yet to test this with any sellers!

One of the reasons why a car doesn't shift could be incorrect pricing. As a buyer I probably would be more wary of something that hadn't sold for a few months as the the demand may not be there when I come to resell! Also months on a forecourt can't do the car any good either!

Mark good point about 993 selling within hours of being advertised, if it's a good spec it isn't going to hang around for long.

When looking for cars a couple of years ago, a copy of Autotrader on a thursday morning was all you needed, but now you have to look at websites *every* day just in case you see the model you're looking for!

Z

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[uuf361]

I pcik up my C2 cab on Friday and was able to negotiate only about £1,500 off the price and that was not all in cash. It was from an independent and was already priced £7-8K below the equivalent model at the local OPC, so I figured I was getting a pretty good deal already

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[Robertb]

Don't be afraid to make offers. It's funny how often it gets dismissed initially, but then you'll get a phone call the following day saying they've been talking to their manager and maybe there is some room etc...

Also, you are more likely to get a bigger discount if using their finance (if you need it) as they will have margin on that too. The finance rate is negotiable as well.

I reckon between 5-10% depending on the value of the car is not unreasonable. Clearly the fixed cost element (i.e. warranty, prep, servicing) on a more expensive car will represent a smaller part of the total cost of sale, so there will be more scope for £££ off a more pricey car.


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[Zahoor Hussain]

I think with an independent there is going to be less scope for discounts, as they are clearly such good value compared to the OPC before you even start to discuss price.

Anything more than 5% I would be happy with (esp if the car was 'right' priced to begin with). I eventually managed to get about 6% off my last car after about 30 minutes of hard negotiating !

I now have 3 cars shortlisted and will be making an offer (or two) pretty soon!

Thanks!

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[F1_Dragon]

Definitely try going for a discount, you have nothing to lose. When i was buying my car, i thought it was a good price already and was wary of asking for a discount for fear of looking a twat. luckily my porker owning friend who i took with me, had no such qualms and got stuck in and i ended up getting 5% off + tank of fuel ( it all helps :wink: ) from an indie.

i've had to by him quite a few pints as a consequence, but i learnt a lesson...


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