car damage discount on a 911 GTS
02-18-2019, 01:54 PM
#1
Rennlist Member
Thread Starter
car damage discount on a 911 GTS
Hi
came across a 2015 GTS with history of damage reported on car fax but no accident ... it was related to bumper damage from a rock , not another car
the car looks perfect and I drove it
I usually buy only new cars
my question is : whoever have experience with similar situation , how much the car value is affected , i am assuming 10-20 % off similarly equipped car without a history
I know about PPI etc , but just gauging the discount people put on this just for the fact that the car fax is tainted but the car otherwise is pristine
came across a 2015 GTS with history of damage reported on car fax but no accident ... it was related to bumper damage from a rock , not another car
the car looks perfect and I drove it
I usually buy only new cars
my question is : whoever have experience with similar situation , how much the car value is affected , i am assuming 10-20 % off similarly equipped car without a history
I know about PPI etc , but just gauging the discount people put on this just for the fact that the car fax is tainted but the car otherwise is pristine
02-18-2019, 02:19 PM
#2
Rennlist Member
Just the bumper cover replacement or repair. Done right. $0 change.
02-18-2019, 04:40 PM
#5
Instructor
Hi
came across a 2015 GTS with history of damage reported on car fax but no accident ... it was related to bumper damage from a rock , not another car
the car looks perfect and I drove it
I usually buy only new cars
my question is : whoever have experience with similar situation , how much the car value is affected , i am assuming 10-20 % off similarly equipped car without a history
I know about PPI etc , but just gauging the discount people put on this just for the fact that the car fax is tainted but the car otherwise is pristine
came across a 2015 GTS with history of damage reported on car fax but no accident ... it was related to bumper damage from a rock , not another car
the car looks perfect and I drove it
I usually buy only new cars
my question is : whoever have experience with similar situation , how much the car value is affected , i am assuming 10-20 % off similarly equipped car without a history
I know about PPI etc , but just gauging the discount people put on this just for the fact that the car fax is tainted but the car otherwise is pristine
I'm thinking about buying a car that had fender damage from a minor parking lot hit. Fully repaired, not salvage, no biggie at all. Doesn't bother me in the slightest, but it reduces the value nevertheless. You just have to make sure that the damage is fairly priced into the sale price of the car. In my case, that insignificant damage may allow me to buy a nicer car for less money than would otherwise be possible, depending on how our sales negotiations play out.
Yep, it's surprising to me that insignificant, repaired prior damage apparently matters to some buyers. But since it does, we need to factor it into the price that we're willing to pay when we buy these cars.
02-18-2019, 07:38 PM
#6
Rennlist Member
Thread Starter
02-18-2019, 07:44 PM
#7
Rennlist Member
Thread Starter
I think your estimate of 10% - 20% is pretty spot on. Maybe it's more like 10% - 15%, if anything. This is based on what I heard from two different Porsche salesmen. But I have very limited experience with the subject. You could also just call up a random Porsche dealer, talk to a sales person, and ask their opinion to get another data point.
I'm thinking about buying a car that had fender damage from a minor parking lot hit. Fully repaired, not salvage, no biggie at all. Doesn't bother me in the slightest, but it reduces the value nevertheless. You just have to make sure that the damage is fairly priced into the sale price of the car. In my case, that insignificant damage may allow me to buy a nicer car for less money than would otherwise be possible, depending on how our sales negotiations play out.
Yep, it's surprising to me that insignificant, repaired prior damage apparently matters to some buyers. But since it does, we need to factor it into the price that we're willing to pay when we buy these cars.
I'm thinking about buying a car that had fender damage from a minor parking lot hit. Fully repaired, not salvage, no biggie at all. Doesn't bother me in the slightest, but it reduces the value nevertheless. You just have to make sure that the damage is fairly priced into the sale price of the car. In my case, that insignificant damage may allow me to buy a nicer car for less money than would otherwise be possible, depending on how our sales negotiations play out.
Yep, it's surprising to me that insignificant, repaired prior damage apparently matters to some buyers. But since it does, we need to factor it into the price that we're willing to pay when we buy these cars.
the repair on this car does not bother me , but I always look at exit point, and we know that it affects trade in , and I am trying to gauge that amount, so I can figure it out in my offer as I am sure I will be selling the car within a year or two and I don't want to be penalized for a bad Carfax ... I love clarity in business deals , and this bad Carfax issue still is not sorted out well in my opinion as it is relatively new data point .... and opinions seem to be wide spread
Last edited by pitt911; 02-18-2019 at 07:45 PM. Reason: typo
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02-18-2019, 07:53 PM
#8
Rennlist Member
My advise, if you plan to trade it in, 1-2 years from now, pass on it. The dealer you trade it into will ding you for this. Then the next person in line(on the fence like you) might pay top dollar. The dealer will always win on this car.
02-18-2019, 08:13 PM
#10
Rennlist Member
^^*thats true, unless the buyer knows that he will consider trading it in after a few years, and will take into consideration the hit he will take.
02-18-2019, 08:14 PM
#11
Rennlist Member
Drive, enjoy and rack up some miles so you don't have to worry about the exit point.
02-18-2019, 08:30 PM
#12
Race Car
If you go in at the right price, it doesn’t matter.
I purchased a 2014 GT3 w/ the buy-back title (there are a handful of early cars like this). That type of title is also known as “branded” (bad). Turned out to be one of the smallest depreciation hits I’ve taken on a short ownership P-car. If you buy it right, you’re fine. And to the earlier point you can sometimes get more car this way.
I purchased a 2014 GT3 w/ the buy-back title (there are a handful of early cars like this). That type of title is also known as “branded” (bad). Turned out to be one of the smallest depreciation hits I’ve taken on a short ownership P-car. If you buy it right, you’re fine. And to the earlier point you can sometimes get more car this way.
02-18-2019, 08:37 PM
#13
I can't believe anyone would let a salesmen convince them of this. Is this one of those scenarios where you are so excited about the new car you go along with anything to drive it off the showroom floor? Buy the car not the negative hype. What you have described affects the value $0. now if they are lying to you and it has had the frame pulley's back into place, that is another issue all together.
02-18-2019, 08:49 PM
#14
Rennlist Member
Thread Starter
I can't believe anyone would let a salesmen convince them of this. Is this one of those scenarios where you are so excited about the new car you go along with anything to drive it off the showroom floor? Buy the car not the negative hype. What you have described affects the value $0. now if they are lying to you and it has had the frame pulley's back into place, that is another issue all together.
02-18-2019, 08:52 PM
#15
Rennlist Member
Thread Starter
with all due respect, not being careful with car purchase is not my style and to some extent foolish . I drive my cars and enjoy them, it does not mean that I should blindly buy them