PPI before selling?
07-09-2018, 10:33 AM
#1
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Thread Starter
PPI before selling?
I'm considering having RAC do a PPI done on my 99 before putting it on the market. Seems like that will eliminate some of the hassle in the selling process. Have any of you done it this way?
07-09-2018, 12:01 PM
#2
Rennlist Member
I'm not sure that I would spend the money on it to be honest. Not every buyer is going to want a PPI, and I would imagine some will be suspect of a PPI that you had done yourself. I'm not an expert, just my humble opinion.
07-09-2018, 12:03 PM
#3
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If it were me, I would not bother, unless your goal is to find anything wrong and fix it before the sale. If I were buying your car and you provided me a PPI, I would still request to get my own, and I think most people who would want a PPI would likely request their own.
07-09-2018, 12:08 PM
#4
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I bought my former 996TT from a guy who did a PPI that morning at the local Porsche Dealer. It was nice to see and I made him an offer on the spot, which he took. It was also nice to have when I sold it 2.5 months later for a $6700 Profit!
But, yes some people will be "suspect" of it being done by you and think you may have paid extra to leave a few important thinks off the list. I get paid to be "suspect" of people and things, so that's how I usually am.
But, yes some people will be "suspect" of it being done by you and think you may have paid extra to leave a few important thinks off the list. I get paid to be "suspect" of people and things, so that's how I usually am.
07-09-2018, 12:10 PM
#5
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It serves a couple of purposes - I'd know if there was anything wrong before I sold it and it would cover me if a buyer decided not to get a PPI. I would have it done RAC here in Dallas and they won't pull any punches.
07-09-2018, 12:13 PM
#6
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I agree. I place that big wouldn't risk their Rep for a few bucks I'm sure.
07-09-2018, 12:16 PM
#7
Agree, far too many guys treat these used 996's for 25k like they are buying a new Lambo! They won't believe your PPI regardless so there is no point.
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07-09-2018, 01:38 PM
#8
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You're right about the way some see the 996! The Lamdo guy won't buy my car anyway. It is a solid low mile, great color, with all the upgrades that spent a few years as a DD with the PO. It is by no means a perfect car but it is very very good. Doing a PPI will cover me in case a buyer gets remorse after the sale closes and sets a baseline for the car. If someone wants another PPI, I'll let them arrange it and pay the tow fees both ways. Scheduled it for Thursday with RAC.
07-09-2018, 04:50 PM
#10
Rennlist Member
Yes, doing a PPI or having a mechanic go through the car is not unwise at all and is a great idea. I often have my car’s detailed as well.
The buyer’s perceived risk is the main reason why people don’t like to buy used cars - they don’t trust the seller or know what could be lurking behind a nice looking car that has some underlying issue. That’s the whole reason the used “certified” car market exists: to give people the peace of mind saving a boatload of money buying a used car that’s nearly “as good as new,” although there is no such thing of course.
Is it worth the money? Well, a certified car comes with a heafty price tag and also some sort of guarantee or warranty. Your PPI wont have either, but anything the mechanic finds that you didn’t know about would be beneficial to the buyer and you both: any buyer would want to know if something is not in good shape, and you wouldn’t want to sell a car to someone to have it fail on the drive home. I’ve been on both sides of this, and it’s not fun in either case, even if you honestly didn’t mean any harm or try to get by with something.
I sold a 73,000-mike BMW X3 to someone and never had a problem with the car. Then on the drive home, the guy I sold it to had a breakdown. Complete coincidence, or was it? I never would have sold him the car if I thought it would break down on him. Then again, I didn’t have it inspected beforehand, and maybe an inspection would have revealed faulty ignition coils. Maybe not.
One caveat, however: no good deed goes unpunished. You spend the money for a PPI, then the mechanic finds $2,500 worth of repairs items. Then the buyer has his own PPI that finds about her $1,800 worth of repairs, and pretty soon you are asked to discount the car by $5k. Food for thought.
The buyer’s perceived risk is the main reason why people don’t like to buy used cars - they don’t trust the seller or know what could be lurking behind a nice looking car that has some underlying issue. That’s the whole reason the used “certified” car market exists: to give people the peace of mind saving a boatload of money buying a used car that’s nearly “as good as new,” although there is no such thing of course.
Is it worth the money? Well, a certified car comes with a heafty price tag and also some sort of guarantee or warranty. Your PPI wont have either, but anything the mechanic finds that you didn’t know about would be beneficial to the buyer and you both: any buyer would want to know if something is not in good shape, and you wouldn’t want to sell a car to someone to have it fail on the drive home. I’ve been on both sides of this, and it’s not fun in either case, even if you honestly didn’t mean any harm or try to get by with something.
I sold a 73,000-mike BMW X3 to someone and never had a problem with the car. Then on the drive home, the guy I sold it to had a breakdown. Complete coincidence, or was it? I never would have sold him the car if I thought it would break down on him. Then again, I didn’t have it inspected beforehand, and maybe an inspection would have revealed faulty ignition coils. Maybe not.
One caveat, however: no good deed goes unpunished. You spend the money for a PPI, then the mechanic finds $2,500 worth of repairs items. Then the buyer has his own PPI that finds about her $1,800 worth of repairs, and pretty soon you are asked to discount the car by $5k. Food for thought.
07-09-2018, 05:07 PM
#11
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I think it is a good idea.
I would be more inclined to spend money on a car that's got a PPI from a reputable place.
I would be more inclined to spend money on a car that's got a PPI from a reputable place.
07-09-2018, 05:48 PM
#12
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Thread Starter
Steve - Rac did the IMS, AOS, water pump, and clutch when I bought the car at 49K miles. The only other maintenance have been oil changes which I have done. It's at 64K miles now and I'm having oil changed and will see what else needs tended to.
07-09-2018, 06:08 PM
#13
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If you had it done at a dealer or reputable shop, I don't think people would be too suspicious.
If you're putting it up on BAT or something similar, the PPI would probably be beneficial. If you're putting it up on craigslist, I'm not sure it's worth it. If the latter, I'd wait to someone actually requests one. If they back out afterwards, I'd pay for half the cost so I could use later.
If you're putting it up on BAT or something similar, the PPI would probably be beneficial. If you're putting it up on craigslist, I'm not sure it's worth it. If the latter, I'd wait to someone actually requests one. If they back out afterwards, I'd pay for half the cost so I could use later.
07-09-2018, 08:11 PM
#14
Pro
Thread Starter
Yes, doing a PPI or having a mechanic go through the car is not unwise at all and is a great idea. I often have my car’s detailed as well.
The buyer’s perceived risk is the main reason why people don’t like to buy used cars - they don’t trust the seller or know what could be lurking behind a nice looking car that has some underlying issue. That’s the whole reason the used “certified” car market exists: to give people the peace of mind saving a boatload of money buying a used car that’s nearly “as good as new,” although there is no such thing of course.
Is it worth the money? Well, a certified car comes with a heafty price tag and also some sort of guarantee or warranty. Your PPI wont have either, but anything the mechanic finds that you didn’t know about would be beneficial to the buyer and you both: any buyer would want to know if something is not in good shape, and you wouldn’t want to sell a car to someone to have it fail on the drive home. I’ve been on both sides of this, and it’s not fun in either case, even if you honestly didn’t mean any harm or try to get by with something.
I sold a 73,000-mike BMW X3 to someone and never had a problem with the car. Then on the drive home, the guy I sold it to had a breakdown. Complete coincidence, or was it? I never would have sold him the car if I thought it would break down on him. Then again, I didn’t have it inspected beforehand, and maybe an inspection would have revealed faulty ignition coils. Maybe not.
One caveat, however: no good deed goes unpunished. You spend the money for a PPI, then the mechanic finds $2,500 worth of repairs items. Then the buyer has his own PPI that finds about her $1,800 worth of repairs, and pretty soon you are asked to discount the car by $5k. Food for thought.
The buyer’s perceived risk is the main reason why people don’t like to buy used cars - they don’t trust the seller or know what could be lurking behind a nice looking car that has some underlying issue. That’s the whole reason the used “certified” car market exists: to give people the peace of mind saving a boatload of money buying a used car that’s nearly “as good as new,” although there is no such thing of course.
Is it worth the money? Well, a certified car comes with a heafty price tag and also some sort of guarantee or warranty. Your PPI wont have either, but anything the mechanic finds that you didn’t know about would be beneficial to the buyer and you both: any buyer would want to know if something is not in good shape, and you wouldn’t want to sell a car to someone to have it fail on the drive home. I’ve been on both sides of this, and it’s not fun in either case, even if you honestly didn’t mean any harm or try to get by with something.
I sold a 73,000-mike BMW X3 to someone and never had a problem with the car. Then on the drive home, the guy I sold it to had a breakdown. Complete coincidence, or was it? I never would have sold him the car if I thought it would break down on him. Then again, I didn’t have it inspected beforehand, and maybe an inspection would have revealed faulty ignition coils. Maybe not.
One caveat, however: no good deed goes unpunished. You spend the money for a PPI, then the mechanic finds $2,500 worth of repairs items. Then the buyer has his own PPI that finds about her $1,800 worth of repairs, and pretty soon you are asked to discount the car by $5k. Food for thought.
Bad luck on the BMW. How did that work out?
07-09-2018, 09:05 PM
#15
