Bad Timing to Sell?
#31
Dealers are the worst place to sell your car(most of the time). IMO private party is your best bet. If you have all records, original owner etc. you should be able to sell this car close to 100K
#32
Platinum Dealership
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As a dealer I'm only buying Gt4's in a trade in scenario right now.
We have been low balled by each buyer and tire kicker in the last 3-6 months and have seen margins evaporate with nobody really willing to pay MSRP for a car.
We have been low balled by each buyer and tire kicker in the last 3-6 months and have seen margins evaporate with nobody really willing to pay MSRP for a car.
#33
Pro
Thread Starter
I appreciate this. Your guys at McLaren Scottsdale told me a very similar thing when I called them.
#34
Dealers overpaid for cars thinking will pass the buck on customer. This was maybe the case year a go but now times are different. My dealer has 3 GT4's that he overpaid and they are just seating on the lot
because nobody wants to pay price they are asking. I understand everybody need to make money but giving customer 25-30% less then MSRP and than try to get 10% over the MSRP is ridiculous.
BTW this has nothing to do with the post above.
because nobody wants to pay price they are asking. I understand everybody need to make money but giving customer 25-30% less then MSRP and than try to get 10% over the MSRP is ridiculous.
BTW this has nothing to do with the post above.
#36
I think that the hype on forums is that owners think they drove the car for free and at the same time expect MSRP or less on the new one. Some of this may be that stealers in their region charge ADM on new. Appreciate your openness to bring reality into situations like this.
#37
Lifetime Rennlist
Member
The voice of reason. Recently when I purchased a GT4 my dealer resonated what you said. Every Tom Dick & Harry deliver one low ball after the other. They found my offer refreshing (and it was still to my favor). Everyone wants a deal, and they will cross the street for $1 better. No loyalty. Anyhow I stuck it out for a purchase with the car & the dealer I wanted to work with, and viola ~ its home.
Lastly, I want you to know CJ that Marc Miller is a fantastic guy. A true gentleman. He speaks so highly of you & your organizations that I thought you should know (I spent time with him & Tab on a cruise). He is a class act, and I get that same take-away about you (he has spent some training time with my Go-Karting Son). I was at Gooding Scottsdale bidding on a Ferrari (I ultimately was the under-bidder) when you were winning the P1. I tried to get over & talk with you (so I could drop Marc's name) but lost track of you once the P1 was sold. Anyhow this gave me the same opportunity. Keep up the good work with Marc.
#40
I sold mine in November for 4k under MSRP to a dealer. They CPO'd it and listed it 10k over. It sat for a few weeks before they lowered it to 5k over MSRP, and I saw it was soon sold from their site.
#41
Lifetime Rennlist
Member
Let me tell you a quick story.
I am an acquaintance of the owner of Mid America Motorworks. I was the region president of the Porsche Club when Mid America held a fantastic show for Porsches every year. It was superb. Mike (the owner) would shower us Porsche peeps with freebees all weekend. And in turn we would (for the most part) support his business with sales. It was a good relationship. But, then with the advent of Internetwhores (who would sell anything for a discount just to get the business) he saw his Fun Fest start to dwindle. In a hurry! He continued to shower us with good but only a handful (and I mean a handful) of Porsche guys stuck with him as loyal buyers. Oh sure they all still wanted the freebees, but would they in turn give Mike a sale? Nope, not if they saved a dollar from the Internetwhores. Did those competing vendors treat us Porsche folk like Mike did? Hell no. No one at most of those places even knew a aircooled from a watercooled. But the masses still wanted to save a buck.
Mike ultimatly stopped selling Porsche parts, and discontinued the Fun Fest. I remember hearing him say that the VW guys, and the Corvette guys (who he still sells parts to) were 100% more loyal & saw the value of his business Vs the Porsche peeps. And he was 100% right. Its an odd phenomenon but way true.
I for one am the opposite.
You may reference "overcharge" but you may not be including the advantage that the vendor (or dealer) may bring over & above the price. Its not all about the dollar.
I am an acquaintance of the owner of Mid America Motorworks. I was the region president of the Porsche Club when Mid America held a fantastic show for Porsches every year. It was superb. Mike (the owner) would shower us Porsche peeps with freebees all weekend. And in turn we would (for the most part) support his business with sales. It was a good relationship. But, then with the advent of Internetwhores (who would sell anything for a discount just to get the business) he saw his Fun Fest start to dwindle. In a hurry! He continued to shower us with good but only a handful (and I mean a handful) of Porsche guys stuck with him as loyal buyers. Oh sure they all still wanted the freebees, but would they in turn give Mike a sale? Nope, not if they saved a dollar from the Internetwhores. Did those competing vendors treat us Porsche folk like Mike did? Hell no. No one at most of those places even knew a aircooled from a watercooled. But the masses still wanted to save a buck.
Mike ultimatly stopped selling Porsche parts, and discontinued the Fun Fest. I remember hearing him say that the VW guys, and the Corvette guys (who he still sells parts to) were 100% more loyal & saw the value of his business Vs the Porsche peeps. And he was 100% right. Its an odd phenomenon but way true.
I for one am the opposite.
You may reference "overcharge" but you may not be including the advantage that the vendor (or dealer) may bring over & above the price. Its not all about the dollar.
#42
Rennlist Member
I appreciate your comment, and contacted your dealership while looking for my GT4... I guess I was one of the low ballers. I used a GT4 I wanted to buy locally as a starting point price wise. It was an 110k MSRP car, they wanted 105k for. Unfortunately, I missed out on that deal. A sales guy at your dealership laughed at me when I said I was willing or pay for 5k under MSRP for a car you had. I ended up getting the right car for me at 5k under MSRP, just took a couple weeks.
#43
Pro
Thread Starter
Things are different now. People used to shop for goods and services based on familiarity but now that prices and communication are so readily available online it has become the norm to shop from your chair. I'm guilty of it myself, I don't care about a free pen set or a trinket here and there, I'd rather get a good price for the good or service that I want and if it's someone I want to use in the future I will then show loyalty to them with the expectation that it be returned with gratitude.
#44
Rennlist Member
Things are different now. People used to shop for goods and services based on familiarity but now that prices and communication are so readily available online it has become the norm to shop from your chair. I'm guilty of it myself, I don't care about a free pen set or a trinket here and there, I'd rather get a good price for the good or service that I want and if it's someone I want to use in the future I will then show loyalty to them with the expectation that it be returned with gratitude.
#45
Lifetime Rennlist
Member
Yes, and that is fine.
But think of this...
Think of the local specialist car repair shop. You know the guys, and they are good long term Porsche peeps. They offer you help when you have a question, and often spend hours on the phone helping guys just like you with suggestions or tips that benefit you, the local guy. They sell parts too, so when you need something you can call them. But... Instead you shop for he cheapest place and save a buck. In fact many call this local guy, get his valued information or tip, then they go & spend the money with an on-line guy (who again knows NOTHING) and the local wiz gets no gain. Who benefits from that? You for saving a buck?
Pretty soon the local guy will just close the doors & keep his tips & suggestions to himself. And then all you will have is the internet connection who cant tell you what oil is best for the M96 engine, cant tell you what torque wrench settings to go with, cant tell you a 991 from a C2T. But hey, you saved a buck right?
But think of this...
Think of the local specialist car repair shop. You know the guys, and they are good long term Porsche peeps. They offer you help when you have a question, and often spend hours on the phone helping guys just like you with suggestions or tips that benefit you, the local guy. They sell parts too, so when you need something you can call them. But... Instead you shop for he cheapest place and save a buck. In fact many call this local guy, get his valued information or tip, then they go & spend the money with an on-line guy (who again knows NOTHING) and the local wiz gets no gain. Who benefits from that? You for saving a buck?
Pretty soon the local guy will just close the doors & keep his tips & suggestions to himself. And then all you will have is the internet connection who cant tell you what oil is best for the M96 engine, cant tell you what torque wrench settings to go with, cant tell you a 991 from a C2T. But hey, you saved a buck right?