The Prestige Thread - Finest 996TT Market Finds
#406
The buying and selling of cars is a lot like the stock market. Looking for an under valued asset to buy and resell later for a profit.
Car dealers are not my favorite people but if the seller agreed to a sale price then why be upset? Car dealers have mortgages to pay too.
Car dealers are not my favorite people but if the seller agreed to a sale price then why be upset? Car dealers have mortgages to pay too.
But in the more general case, your stock market analogy doesn't quite work, in my opinion. Buying an undervalued asset bears the risk that the asset will puke instead of appreciating (that risk is nonexistent with most porsches at this price level). Then the appreciation of the asset would likely manifest itself over a fairly long period of time, or would require activism on the investor's side, or both. But more than anything else, if it's a publicly listed stock, anyone can buy. If I decide not to buy ticket XYZ or WTF and you do and it turns out a great investment, good for you.
Car flipping is more like ultra-low latency "trading" (in fact, scalping), which I have nothing against, because they make a penny on $1000, so who cares. Thing is though with cars they siphon off a quarter or a third or more of the value of my purchase, just because they have a bunch of bozos refreshing all car websites all day every day, so **** those ****ing leeches.
#407
Rennlist Member
And there's another element where enthusiasts who are passionate about their community of other enthusiasts, would just like to see the car go to another enthusiast within the community. To many of these folks, that desire outweighs leaving a few $k on the table.
I believe the seller of my car only posted it on 6so and here, because he wanted to see it go to an enthusiast. He probably could have gotten more $ if that were his only motivation.
While I might personally argue that listing your car at a nice high price ensures that the true enthusiast who wants it the most will get it -- I think there is another element at play with enthusiasts, sometimes.
I believe the seller of my car only posted it on 6so and here, because he wanted to see it go to an enthusiast. He probably could have gotten more $ if that were his only motivation.
While I might personally argue that listing your car at a nice high price ensures that the true enthusiast who wants it the most will get it -- I think there is another element at play with enthusiasts, sometimes.
#408
RL Community Team
Rennlist Member
Rennlist Member
Like I said, in this case the seller only has himself to blame.
But in the more general case, your stock market analogy doesn't quite work, in my opinion. Buying an undervalued asset bears the risk that the asset will puke instead of appreciating (that risk is nonexistent with most porsches at this price level). Then the appreciation of the asset would likely manifest itself over a fairly long period of time, or would require activism on the investor's side, or both. But more than anything else, if it's a publicly listed stock, anyone can buy. If I decide not to buy ticket XYZ or WTF and you do and it turns out a great investment, good for you.
Car flipping is more like ultra-low latency "trading" (in fact, scalping), which I have nothing against, because they make a penny on $1000, so who cares. Thing is though with cars they siphon off a quarter or a third or more of the value of my purchase, just because they have a bunch of bozos refreshing all car websites all day every day, so **** those ****ing leeches.
But in the more general case, your stock market analogy doesn't quite work, in my opinion. Buying an undervalued asset bears the risk that the asset will puke instead of appreciating (that risk is nonexistent with most porsches at this price level). Then the appreciation of the asset would likely manifest itself over a fairly long period of time, or would require activism on the investor's side, or both. But more than anything else, if it's a publicly listed stock, anyone can buy. If I decide not to buy ticket XYZ or WTF and you do and it turns out a great investment, good for you.
Car flipping is more like ultra-low latency "trading" (in fact, scalping), which I have nothing against, because they make a penny on $1000, so who cares. Thing is though with cars they siphon off a quarter or a third or more of the value of my purchase, just because they have a bunch of bozos refreshing all car websites all day every day, so **** those ****ing leeches.
There is no set price for used Porsches. What if this car the dealer bought blew an engine the day after he bought it? There is risk to used car pricing evaluation and flipping cars. A lot like day trading momentum stocks. Like Tesla.
Last edited by Carlo_Carrera; 05-26-2017 at 08:11 PM.
#410
Here's one with 8,500 miles for $85k listed in the for sale section: https://rennlist.com/forums/vehicle-...-optioned.html
#411
Rennlist Member
Thread Starter
https://rennlist.com/forums/996-turb...ine-finds.html
#413
#414
#416
My brother will likely be offering his 2005 Midnight Blue Metallic TTS 6-speed coupe shortly. 39K miles, $155K MSRP, and Aerokit. Easily the best optioned 996 I've ever come across.
2005 Porsche 911 Turbo S Coupe
Division: PCNA
Prod Month: 09/2004
Price: $155,170.00
Exterior: Midnight Blue Metallic
Interior: Natural Leather Grey
Warranty Start: June 04, 2005
Heated Front Seats
Thicker Steering Wheel
Electric Sport Seat Left Side
Electric Sport Seat Right Side
Carbon Interior Package
Midnight Blue Metallic
Sport Seats w/Full Leather Int
Natural Leather Grey
Stainless Steel Exhaust Pipes
Natural Leather
Turbo Aerokit
Sport Shifter
Rims and Caps - Exterior Color
Porsche Crest in Headrest
Front Floor Mats w/"Porsche"
Custom Tailoring
2005 Porsche 911 Turbo S Coupe
Division: PCNA
Prod Month: 09/2004
Price: $155,170.00
Exterior: Midnight Blue Metallic
Interior: Natural Leather Grey
Warranty Start: June 04, 2005
Heated Front Seats
Thicker Steering Wheel
Electric Sport Seat Left Side
Electric Sport Seat Right Side
Carbon Interior Package
Midnight Blue Metallic
Sport Seats w/Full Leather Int
Natural Leather Grey
Stainless Steel Exhaust Pipes
Natural Leather
Turbo Aerokit
Sport Shifter
Rims and Caps - Exterior Color
Porsche Crest in Headrest
Front Floor Mats w/"Porsche"
Custom Tailoring
#418
#419
Three Wheelin'
#420
Originally Posted by bugeyemilo
^ Beautiful car.
whats his asking?
whats his asking?
Originally Posted by Road King
No kidding, that natural gray is close enough to black to make this car a perfect combo. It's stunning!