NNN Investment

So I am curious with such a huge following of Porsche rennlisters, why isn't anyone offering the vehicle to someone looking for a 2-3 year old Porsche. There is no benefit turning in to dealer. Would not cost anything to sell to rennlister. They would just pay the current payoff amount. Thoughts?

Needsdecaf

You can't just make a blanket statement without understanding what the car is worth vs the payoff. For example, Lexus subsidizes their leases so heavily, my 3 year old car was worth $10,000 less than my buyout amount. I would have been a fool to buy it.

NNN Investment

Well obviously. I'm sure most reading this would do this if it is equal or worth more. The reason I bring this up is once the dealer gets it, it's marked up thousand of dollars.

STG

The "dealer buy out" from PCNA Financial for the dealer is usually less then what the person who leased the car can buy it out for. The buy out for the person leasing many times isn't that great.

NNN Investment

Thanks for the response pal.

NNN Investment

I brought this up because I was looking at a 15 4S from a guy that was coming out of the lease. He said that the lease buyout was like 76 and the car is worth closer like 85 to 90. So he just paid it off and now selling it privately.

STG

PCNA gives the dealer who it gets turned into the option of buying it for $XXXX.

If the dealer doesn't want it, it gets auctioned off internally to the Porsche dealer network.

If it doesn't get sold there, goes to major auction houses.

STG

Sometimes with the strong pricing lately, the car could be worth more. Each deal has its own story.

How many miles on this car? MSRP? $85K-$90K sounds strong.

Have the for sale ad link?

NNN Investment

19k. He was firm at 84.5

STG

In his case, the strong pricing from 2016-present could have helped his deal.

On the other hand, why would someone turning in a car waste their time, risk buying a car, paying taxes, and only to sell it to someone for the buy out price? Zero in it for them. Like your example, they'd buy and and try and make some $$ off it.


Plus who can you trust really?

NNN Investment

STG
I can't send you a PM so here's my question. I know your the authority on deals. Would you go for a 14 TT with 17k miles for 110k with certified warranty or used 17 C2 6k miles for $94 or 97 with certified warranty. Last option was to just buy new C2 with a $109 msrp with 8% off. My buddy that sells high end says the Best Buy is the TT.

NNN Investment

Here is another example. My buddy bought a C2S one year ago. He is doing a pull ahead for a GTS. The dealer is taking the car back. They told him if he has a friend that wants it then sell directly unless they want Certification. He said payoff is like 107k

STG

With the TT, you're getting the most for your money, a beast of a car compared to the others, and least amount of downside risk overall relative to what you're getting.

STG

Not that great. Will lose $20K a year after you buy it.

NNN Investment

Holy ****. That's horrible. Wow. What about the 17 C2 with 6k miles. $118 sticker for 94. Shouldn't lose too much. 3.5 years of warranty left.