I always stay at the ready, for good reason. A good defense is the best offense.

 

I don't see it. Jake responded appropriately to his comment in post #11 and then Mad Irish responded with the knee-jerk response of "Jake, you have to stop reading every comment as an attack" in post #14. Jake is direct. People need to realize you're not going to always get a warm and fuzzy patronizing response. I have a doctor that is like that. He'd say, "You're about to blow a gasket if you don't lower your salt intake! Stop being an idiot and take my advice or you'll be 6 ft. under!" I listened and stopped adding salt everything I ate, lowered my blood pressure, and now feel so much better. It got so bad I couldn't walk far without feeling totally out of breath. He told it to me straight and I took his advice before it was too late. Sometimes the best advice comes in large dosages that are hard to swallow.

 

I assure you, my response was considered, not "knee jerk" and was not an attack on Jake. Jake is a very knowledgeable professional, I respect his talent, his information, and straight talk....I've taken his rebuild class and hope to be a client for a rebuild (damn commission checks have been too elusive lately, though!) because I know I am never really going to have the wherewithal to do it myself.

However, frequently when someone expresses something, even in this case where his associate was asking for opinions, Jake tends to react on the offensive, or, at least, that's how his tone can be interpreted. My comment didn't even need a response...patronizing or otherwise..they asked us for our input. In this case, I fully explained my thought pattern and said it was my opinion and he could digest it or ignore it as needed....no need to try to convince me of anything and I am neither offended or upset. Regardless, frequently Jake doesn't just come direct, he brings a bazooka to a snowball fight, lol.

 

I have a durametric pro, attended Jake's classes, just bought his DVD series and I would buy this video. Why? Because I don't think like a broke d!ck mf'er. Being penny wise and pound foolish does not work with these cars...or any Porsche, for that matter.

Knowledge is power...especially when it comes to these cars. So what if I have $4K invested in knowledge tools? I'm a Porsche enthusiast who owns (and has owned) multiple 986, 996 and 997 cars. I will own more in the future. Anything I can do on the front end to increase my knowledge will decrease my ownership costs and will, therefore, increase my pleasure of ownership.

These tools aren't cheap. But, neither are these cars. I've made some purchase mistakes and have paid (or am paying) stupid tax with extra $zeroes on the end. I'm trying to avoid those mistakes in the future. If you can afford to buy the car but can't afford to buy the tools, knowledge, parts, or service to maintain the car then, the reality is, you can't afford to buy the car.

 

This ties directly to my previous post. Although I pay people to do most of my service (that is more a function of lack of time availability and some laziness on my part),I feel comfortable that I can go toe to toe on M96 knowledge with most anyone out there if the need should arise.

But, you can rest assured that I have met many mechanics who don't know **** from Shinola when it comes to these engines. One of them was my best friend in HS who owns a foreign car repair shop. With the knowledge I have received from Jake's class, reading , personal experience, etc. I am able to quickly tell a mechanic's competency level before my cars gets touched by anyone

 

No, I roll in with armour, and a 20mm Rarden cannon. I feed the leftovers to the dogs.
It's peace through superior firepower, and I didn't come here to lose. Sorry, I can't help it.. I am a Marine.

 

I was really looking for this thread.

So I put a very early 2/1998 build 1999 on Bring A trailer a few days ago. I spent a lot of time doing an 11 minute inspection video and it seems nobody even cares. an 11 minute video of undercarriage, common problems, a 6 minute video of the top of the car, a two minute video of driving and 200 pictures. Nobody is watching the video, and i sorta know what I am talking about. I was pretty convinced in this medium that people would want to know what they were buying. Seeing the straight up JUNK with 6 cell phone pictures in a checks cashing parking lot selling for mid 20's I am pissed. The more information I give them the more they scrutinize me. I know my car has a couple drawbacks but it way nicer than stuff that has sold lately. I still believe in Jakes ppi for sellers idea. I tried to do it, but probably not to what he had in mind.I guess I will learn and move on. These people flat out do not care. I will check back at the end of auction.

 

BaT is listing too many 996s at once. You also got a really crappy hand dealt for an auction week.
I sold some vehicles on BaT last week, and also got screwed.
I tried to help you!

 

I appreciate you helping out. I and friends have sold bunches of cars there and have come to the conclusion that people don't really care and are not ready for the education needed to buy these cars. What I am saying here is that the idea of a ppi might not work. It is a reverse osmosis backwards world where the more information I give them the less they trust me. Really bizarre. I have really learned so much from Jake and Charles over the years. Maybe these cars belong in the hands of people who will blow them up and not follow proper warm up cycles and maintenance schedules. What a crazy would we live in..

 

Why are you you stressed at this point in the auction? This isn't your first sale on BaT. You are a dealer/flipper so you know the real bidding occurs in the last few minutes. With the current bid at $10k and 5 days left you are in a decent position.

But, as Jake said, timing is everything. With the stock market drama, CV-19 and impending travel restriction, etc. I predict it will get much worse for sellers before it picks up again.

 

You're definitely going to get hit by current financial conditions, flood of vehicles on BAT, and uncertainty caused by COVID-19.
You're a victim of bad timing...that is not your fault.

Also too much information makes it seem like there are a lot of issues to some.
I'd rather know all the issues you know about, but alas I'm not bidding on anything at the moment due to uncertainty.
I briefly considered UGA AV8R's track roller yesterday.
But I've decided to save my cash for now.
I'll miss out on some deals, but my cash will be available to me in case of job loss and extended unemployment.

 

Actually, I look at it the other way. This is good time for buyers. In times of recession, people with money will scoop up good deals. However, the impact of supply and demand is a real factor as Jake mentions. Too much supply can hurt resale value. People that list on BaT, eBay, etc., need to have reasonable reserves to protect against a serious loss. If it doesn't sell, then hold onto it until the market rebounds.

Mr. Deezy, you know the game. No need to belly ache over people on the comment section. BaT has become a forum within itself. Most of the guys that nit pick will never bid in the end or try hard to win the car. You seem to have a nice 996, but be realistic too. Having a PPI provides objective proof the car is healthy. Also... Even though it's a dual row bearing car, having a fresh bearing would drive the car higher in the auction IMHO. But again, it's too early to judge.

 

It's not obvious to me that we've seen a direct hit on resale prices as a result of pandemic. Yesterday's Guards Red 996 went for $25.5k, and last Thu's black-on-black 996 went for almost the same price. Both had IMS done, and reasonable mileage. @mrdeezy, I think you're going to be fine.

Of course today's a new day in the financial markets, and we'll see whether we're up or down 5-10% again today! Everyone buckled???


Recent 996 auctions on BaT

 

Very true, but buyers will be few and far between.
Bad time for sellers!

Buyers also have to decide it is best to spend $xx,xxx on a Porsche 996 that will likely be worth $xx,xxx +x% in 2 years, or put $xx,xxx in the stock market that will be worth $xx,xxx + XXX% in 2-5 years.
Right now the decision on where is the best place to put your money is(should be) on everybody's mind.
I'll pass up a good/great deal on a second 996 if I think my money will grow significantly better in the market.
Right now I'm in "wait and see" mode, but I'm also in the "let's make some real money when this is over" mode too.
I think the market is poised to make a LOT more money than the savings I'd get on a 996.

 

I agree that market indices are highly likely to outperform the 996 resale market over the next year or two. One factor for would-be buyers is whether they own a Porsche today. Easy for us to sit back on our current fleet while pondering options for additional trades/investments/projects, but for the person whose situation is reasonably stable financially, and has been hunting for months/years, that buyer may very well be ready to bid now, and bid strong. Fun to watch either way...