Need advice ... 2018 GTS
#1
Need advice ... 2018 GTS
New Member here.. looking to purchase my 1st Porsche.
Found a 2018 911 GTS in Carmine Red that has about 31K miles on the odometer. When I checked the CarFax it revealed a minor accident (front). Thing is the car was Certified and is being offered for sale as a CPO. When I ask the dealer to present the repair report they didn't have anything to share. The sales rep said "The previous owner had the repairs done and that our CPO process is extensive so you should have no concerns."
Listing has been active for over 180 days and dealer has dropped the value 15K since the first listing. Car is attractive and well optioned out but I fear the asking price is still high given that it's been in an accident ($91K) and if I wanted to ever resell it down the road, it would be a nightmare.
Thoughts? Should I stay away? I don't think they'd be open to a PPI but do you think that'll reveal anything?
Found a 2018 911 GTS in Carmine Red that has about 31K miles on the odometer. When I checked the CarFax it revealed a minor accident (front). Thing is the car was Certified and is being offered for sale as a CPO. When I ask the dealer to present the repair report they didn't have anything to share. The sales rep said "The previous owner had the repairs done and that our CPO process is extensive so you should have no concerns."
Listing has been active for over 180 days and dealer has dropped the value 15K since the first listing. Car is attractive and well optioned out but I fear the asking price is still high given that it's been in an accident ($91K) and if I wanted to ever resell it down the road, it would be a nightmare.
Thoughts? Should I stay away? I don't think they'd be open to a PPI but do you think that'll reveal anything?
#2
You've answered your own question, so why then wouldn't you stay away?
It will always be marked as having had an accident, and without the dealer or prior owner being willing disclose what happened, you'll be left guessing forever.
If it were truly minor, then there is nothing for them to hide..
It will always be marked as having had an accident, and without the dealer or prior owner being willing disclose what happened, you'll be left guessing forever.
If it were truly minor, then there is nothing for them to hide..
#3
Have you asked to get a PPI or assuming they will not allow you to get it checked at a shop of your choosing? If you asked and they wont allow it. Thats a red flag in my book. If you are saying the car is a CPO and are warranting the car there should be no issues. Between this and their lack of willingness to give you anything else on the 'minor' accident I would walk and tell them GLWS
#4
The price on the car is fair, if the accident is minor. I would get a PPI as others have said, if it comes back clean, the car is CPO, and it is the car you want. Buy it.
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phefner (02-07-2020)
#5
Burning Brakes
If you absolutely love this vehicle, pursue it. I suggest getting a PPI for reassurance and negotiate another $5k or more off (start with $10k). Minor fender bender is not a big deal IMHO. CPO is definitely icing on the cake. Resale value is definitely a concern but if the dealer takes the hit, which they are, I personally wouldn’t care. My .02.
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Gus_Smedstad (02-07-2020)
#6
Burning Brakes
I feel like the Porsche market is overly sensitive to minor accidents. They happen, and usually they're completely repairable to the point that there's absolutely no difference between the repaired car and any other car of the same age and mileage.
I did a search on Autotrader, and I believe I found the car in question: https://www.porschewest.com/certifie...a455acf60b.htm
VIN: WP0AB2A90JS122192
The "build sheet from VIN" link doesn't work anymore, or I'd post that.
It's unlikely there's anything wrong with the car, particularly as a CPO. If you're talking purely about how much car you get for your dollar, you're not going to see any other 2018 GTS for anything close to that price, and it's going to drive exactly the same. The next-closest 2018 GTS in an Autotrader search is $109k.
The main question is how long do you plan on holding the car, and if you think you'll end up selling it, how much of a hit you'll take. I think what you really need to ask yourself is: "is this my ideal car?" Leaving aside the accident issue, how would you feel about the car otherwise?
I bought a used 2014 4S in 2016, and had some misgivings about it. The things I didn't like were purely subjective, such as the interior color, and I thought I'd get over them. I didn't. I ended up selling it after 18 months, and took about a $20k hit. Conversely, I have no such qualms about the GTS that replaced it, because the replacement is exactly the car I wanted.
If it's not your ideal car, pass. If you think you can genuinely love it and hold on to it for 10 years, go for it. Though I think Luv2Sleep is right that you probably have some negotiating room, just because of how other buyers will view the car.
I did a search on Autotrader, and I believe I found the car in question: https://www.porschewest.com/certifie...a455acf60b.htm
VIN: WP0AB2A90JS122192
The "build sheet from VIN" link doesn't work anymore, or I'd post that.
It's unlikely there's anything wrong with the car, particularly as a CPO. If you're talking purely about how much car you get for your dollar, you're not going to see any other 2018 GTS for anything close to that price, and it's going to drive exactly the same. The next-closest 2018 GTS in an Autotrader search is $109k.
The main question is how long do you plan on holding the car, and if you think you'll end up selling it, how much of a hit you'll take. I think what you really need to ask yourself is: "is this my ideal car?" Leaving aside the accident issue, how would you feel about the car otherwise?
I bought a used 2014 4S in 2016, and had some misgivings about it. The things I didn't like were purely subjective, such as the interior color, and I thought I'd get over them. I didn't. I ended up selling it after 18 months, and took about a $20k hit. Conversely, I have no such qualms about the GTS that replaced it, because the replacement is exactly the car I wanted.
If it's not your ideal car, pass. If you think you can genuinely love it and hold on to it for 10 years, go for it. Though I think Luv2Sleep is right that you probably have some negotiating room, just because of how other buyers will view the car.
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jeffm (02-11-2020)
#7
Have you asked to get a PPI or assuming they will not allow you to get it checked at a shop of your choosing? If you asked and they wont allow it. Thats a red flag in my book. If you are saying the car is a CPO and are warranting the car there should be no issues. Between this and their lack of willingness to give you anything else on the 'minor' accident I would walk and tell them GLWS
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#8
Rennlist Member
It's at Porsche West Houston, and they are often selling cars that have had accidents. It's been covered in other threads. High miles and accident. You can do better. Check the marketplace here, PCA website, and I've used ISEECARS and it seems to find stuff I would not come across.
#10
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#11
There's a very nice 991.2 GTS for sale right here: https://rennlist.com/forums/market/1180332
this car is in Houston by the way.
Last edited by dmk2; 02-07-2020 at 08:30 PM.
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Shadaab Kazi (02-08-2020)
#12
I have been tracking the 2017-2018 GTS market for about six months now. This is the lowest price I’ve seen on a GTS by a fair margin (lowest I’ve seen is 106k). This is also the highest mileage example and the only one with an accident history. I would personally shy away given the combination of the mileage plus accident. If it was just the miles or just the accident, then I’d pounce on it (if the build is to your liking). That is my personal bias.
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Shadaab Kazi (02-08-2020)
#13
I have been tracking the 2017-2018 GTS market for about six months now. This is the lowest price I’ve seen on a GTS by a fair margin (lowest I’ve seen is 106k). This is also the highest mileage example and the only one with an accident history. I would personally shy away given the combination of the mileage plus accident. If it was just the miles or just the accident, then I’d pounce on it (if the build is to your liking). That is my personal bias.
https://rennlist.com/forums/market/1180332/page3
Last edited by dmk2; 02-07-2020 at 10:35 PM.
#14
I looked at this car too. The mileage and Carfax history don’t bother me. It’s a great spec if you like the color combination. For me it’s just missing 18way seats
Do a PPI and have them remove the bumper to check for any potentially poor repairs.
Ideally there would be documentation for any incident, but it doesn’t sound like that is going to be available.
Do a PPI and have them remove the bumper to check for any potentially poor repairs.
Ideally there would be documentation for any incident, but it doesn’t sound like that is going to be available.
#15
Rennlist Member