while we were sleeping, missed this '93 GTS, 27K, $23,500!
12-13-2006, 01:10 AM
#76
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Man, I'm absolutely loving all this arguing and quibbling over this car! Especially because for once, it's not me being the buyer. Now, some other fellow Rennlister is apparentely buying it to resell it at a huge profit. The same exact thing I get bashed for all the time.
Yes, I started this thread, but was not in a position to buy right now (currently have two '89 GT's that held me back from buying the car), or I wouldn't have posted this thread in the first place and would have just bought the damn thing for whatever it took........$30K, whatever and turned around and sold it for what it's really worth...........39K-45K.
It's a $39K car minimum, as it sits. The lucky buyer has total control over what he decides to do with the car once he's made the purchase. The American way is to make lot's of money doing what you really love. That's why I've been buying and selling just 928's for nearly 10 years now.
The new owner doesn't owe any of you other Rennlisters anything. Why on earth would you ever expect him to sell it to one of you guys for much less than it's worth, just because your a fellow Rennlister? You'd just end up driving it for a year and end up selling it on Autotrader or Ebay for far more than you paid for it if he did sell it to you for less in the first place.
We all have the same exact opportunities to find these cars. If your really avid about it, you'll most likely find it first. If you have to offer more than they're asking to get it done, then sobeit.
As for the person who had a deposit down on this car and then backed out over a $300 dispute over transpotation costs, your unbelieveable! This car is worth nearly 40K +. What principals? To hell with those, just pay the freakin' $300 and consider yourself lucky to own such a pritine example at such a steal of a price. I really just can't believe you pulled out over $300. My God, that's just unreal!
Anyway, kudos to the new owner. I hope you either enjoy your new toy, or make tons of money selling it for what it's really worth.
Oh, and by the way, after examining the pics of the car very closely, I noticed it has a leather under dash pad, headliner, A and B pillars, rear AC cover, sunroof motor cover, and visors. Very expensive options that just add more to the final selling price. I wish the new owner all the best, and congrats on such a nice steal!
Low Miler
Yes, I started this thread, but was not in a position to buy right now (currently have two '89 GT's that held me back from buying the car), or I wouldn't have posted this thread in the first place and would have just bought the damn thing for whatever it took........$30K, whatever and turned around and sold it for what it's really worth...........39K-45K.
It's a $39K car minimum, as it sits. The lucky buyer has total control over what he decides to do with the car once he's made the purchase. The American way is to make lot's of money doing what you really love. That's why I've been buying and selling just 928's for nearly 10 years now.
The new owner doesn't owe any of you other Rennlisters anything. Why on earth would you ever expect him to sell it to one of you guys for much less than it's worth, just because your a fellow Rennlister? You'd just end up driving it for a year and end up selling it on Autotrader or Ebay for far more than you paid for it if he did sell it to you for less in the first place.
We all have the same exact opportunities to find these cars. If your really avid about it, you'll most likely find it first. If you have to offer more than they're asking to get it done, then sobeit.
As for the person who had a deposit down on this car and then backed out over a $300 dispute over transpotation costs, your unbelieveable! This car is worth nearly 40K +. What principals? To hell with those, just pay the freakin' $300 and consider yourself lucky to own such a pritine example at such a steal of a price. I really just can't believe you pulled out over $300. My God, that's just unreal!
Anyway, kudos to the new owner. I hope you either enjoy your new toy, or make tons of money selling it for what it's really worth.
Oh, and by the way, after examining the pics of the car very closely, I noticed it has a leather under dash pad, headliner, A and B pillars, rear AC cover, sunroof motor cover, and visors. Very expensive options that just add more to the final selling price. I wish the new owner all the best, and congrats on such a nice steal!
Low Miler
12-13-2006, 05:01 AM
#78
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Todd…I figured you were close by...CharleyB, Shaynes and anyone else that cares......
Don't miss-read what I'm saying. I don't have a problem with guys flipping pristine 928 for a profit. Last I checked it’s a legal and often profitable business. And I as well would like to see the value of the 928 stay within a window.
What seems to irritate me is the cloak n’ dagger approach of those feeling it necessary to “play the role of an avid shark enthusiast” when their ultimate goal is to move/flip 928 for profit. ESPECIALLY DEALERS! I find this dishonest. Period.
So if you're a dealer, say so...an occassional flipper, that's OK...providing you don't exceed your states limit before a dealer license is required. Just play by the rules…purchase whatever membership/sponsorship Rennlist requires and sell, sell away. Put it out there for all of us to see and fight over till we bleed.
But stop pretending we’re stupid here on the 928 forum and just say so. Just maybe someone here looking will hook up with the right shark. I know I’ll be looking hopefully in another year and I’ll want to hear of good deals or of ‘the one’.
But no one liners are needed...although granted, Shaynes may have initially meant to keep the car but…I really doubt that seems he works with Willhoit often.
At the very least, tell Willhoit to buy his own advertising via a Rennlist sponsorship. No need to be his pawn.
Don't miss-read what I'm saying. I don't have a problem with guys flipping pristine 928 for a profit. Last I checked it’s a legal and often profitable business. And I as well would like to see the value of the 928 stay within a window.
What seems to irritate me is the cloak n’ dagger approach of those feeling it necessary to “play the role of an avid shark enthusiast” when their ultimate goal is to move/flip 928 for profit. ESPECIALLY DEALERS! I find this dishonest. Period.
This board never ceases to amaze and entertain.... Ok, you guys have to listen to Chuck, Willhoit is a top notch dealer. I buy and sell through him all the time..
But stop pretending we’re stupid here on the 928 forum and just say so. Just maybe someone here looking will hook up with the right shark. I know I’ll be looking hopefully in another year and I’ll want to hear of good deals or of ‘the one’.
But no one liners are needed...although granted, Shaynes may have initially meant to keep the car but…I really doubt that seems he works with Willhoit often.
I saw the sucker within 15 minutes of it hitting Cars.com, I was on it, I am holding 5 Porsches right now,and I don't want to get divorced and so it is going to Willhoit.
It is a real car, and when this happens it is just the first person there wins and it couldn't have been any of you... So don't go writing all kinds of crap about Willhoit when you see it on his site
Last edited by tdelarm; 12-13-2006 at 05:23 AM.
12-13-2006, 08:46 AM
#79
Drifting
Lots of guys here flip, they jusy usually flip crap examples.
This thread should never have been posted, as it was supposedly gone before the post. Who knows why todd posted, maybe he wanted others to feel the same thing he felt. His first line above confirms it to me.
It was like finding a gold nugget in the dirt and anyone here would have bent over to pick it up. I doubt such a find will ever be repeated. The one who was truly screwed was the nimrod who turned it into the dealer for 30K less than its value to drive away in a german taurus.
This thread should never have been posted, as it was supposedly gone before the post. Who knows why todd posted, maybe he wanted others to feel the same thing he felt. His first line above confirms it to me.
It was like finding a gold nugget in the dirt and anyone here would have bent over to pick it up. I doubt such a find will ever be repeated. The one who was truly screwed was the nimrod who turned it into the dealer for 30K less than its value to drive away in a german taurus.
12-13-2006, 11:51 AM
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I fit the catagory of enthusiast/hobbiest/flipper.
It is my true passion for these cars that drove me ( no pun intended) into learning more about their true worth, finding undervalued 928's and then flipping them.
I do about 10-12 a year total. But, I also LOVE these cars! I always have since I first owned a 1979 that I bought for non-profit and owned for nearly 2 years. In fact, I lost quite a bit of money on that car.
But from that experience, I said I would never let that happen again, but I still wanted another 928, and knew that buying it right, from the get go, was something I was determined to do. I was patient and found an all leather black on black 1986 1/2 S. I drove it for a year, sold it, and made a small profit when I did.
That's when I said "hey, not only can I drive my true car of passion, but I can also make money at doing it, while being able to drive a different year and color all the time!
So, you can be a TRUE enthuisiast of the 928, and still make money doing it. That is the true beauty of it all to me!
Todd (Low Miler)
It is my true passion for these cars that drove me ( no pun intended) into learning more about their true worth, finding undervalued 928's and then flipping them.
I do about 10-12 a year total. But, I also LOVE these cars! I always have since I first owned a 1979 that I bought for non-profit and owned for nearly 2 years. In fact, I lost quite a bit of money on that car.
But from that experience, I said I would never let that happen again, but I still wanted another 928, and knew that buying it right, from the get go, was something I was determined to do. I was patient and found an all leather black on black 1986 1/2 S. I drove it for a year, sold it, and made a small profit when I did.
That's when I said "hey, not only can I drive my true car of passion, but I can also make money at doing it, while being able to drive a different year and color all the time!
So, you can be a TRUE enthuisiast of the 928, and still make money doing it. That is the true beauty of it all to me!
Todd (Low Miler)
12-13-2006, 01:24 PM
#81
Nordschleife Master
Whats unfortunate about this thread is if I were to find such a car, and it wasn't something I wanted for myself, I would like to able to post it here on the list, but that would be a bit pointless when it would just be handing it over to whatever flipper was online.
12-13-2006, 01:51 PM
#82
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I too flip many cars a year. I have had my paydays too let me tell ya'. I don't begrudge Shaynes or Willhoit. They are very sharp and deserve the fruits of their labor. I sold a low mile s4 last year in great condition for a respectable price-but I only paid 3300.00 for it. If I could have known I would be selling that gts for 40k right now!
12-13-2006, 02:45 PM
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That's life...sometimes you are in the right place at the right time and move quickly to do the right thing...sometimes you're don't...or you see an opportunity and by the time you decide to jump...it's too late. That can be risky on a 928 purchase if you don't really check it out carefully first. But if you do try, sometimes you lose anyway when the seller finds a more willing buyer willing to pay without a close inspection. Not sure what happened on this one but, as a afterthought, most of us would have bought. These kinds of cars will continue to come up occassionally. Who'll get the next steal? The fastest and most dedicated searcher! He who hesitates, loses. Good cars go really fast. Then some good cars should go fast (like Tim's) but the stars just don't line up at the right time. I kick myself for the various great cars that I didn't (or wasn't able to) buy...and I pat my self on the back for not buying some really bad and misrepresented cars. Sometimes I win...sometimes I lose.
If I ever stumbled onto a '95 GTS, stick shift...for $20K, great shape....would I flip it? Dunno. I'm not really a collector.
Harvey
"day late and a dollar short"
If I ever stumbled onto a '95 GTS, stick shift...for $20K, great shape....would I flip it? Dunno. I'm not really a collector.
Harvey
"day late and a dollar short"
12-13-2006, 04:41 PM
#84
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Todd…I agree, it sounds we both lost money on our first 928. Although I never intended to flip for a profit, it would be fun to find nice sharks and place them into the hands of enthusiasts while making a bit on the side.
Harvey…if I had only known how serious you were I could have held on to Sharkey another month or so, polish and lube his joints on a few more Heinrich runs while knowing his future destination was just across state lines…and with visiting rights I might add
Again, let me add, I too would like to see the 928 values continue to hold.
What’s funny about this thread now is Shaynes could have personally flipped that car on this board and kept the Willhoit profit for himself. Now that’s amazing.
Cheers!
Harvey…if I had only known how serious you were I could have held on to Sharkey another month or so, polish and lube his joints on a few more Heinrich runs while knowing his future destination was just across state lines…and with visiting rights I might add
Again, let me add, I too would like to see the 928 values continue to hold.
What’s funny about this thread now is Shaynes could have personally flipped that car on this board and kept the Willhoit profit for himself. Now that’s amazing.
Cheers!
12-13-2006, 07:04 PM
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Originally Posted by low miler
...........with only 27,000, one owner miles. Plus leather everywhere!
You guys aren't really serious about having an issue with someone who spots an uninformed seller, buys the car and then sells it for market value, do you?
I have sold almost every Porsche I've owned in the last 15 years (except the 2 Cayennes) for more than I paid for them.
There seems to be a rather pervasive attitude that members who make a great buy should cut a fellow Rennlister a break and pass the good deal on to them when it comes time to sell. Sorry, I just don't get that. Granted, cars are not great investments but when you can resell them for more than you paid, I'd say that is an informed enthusiast seller.
If you ask me (I have sold three GTSs, one of them twice in a three month period so 4 transactions), the values are strong and certainly not going down but instead more likely going up. There are GTSs out there for less $ but they usually have high miles and are pretty worn out. Nice cars will hold their value and probably increase.