Trade-in offer for my GT4: thoughts?
01-19-2019, 03:42 AM
#47
Drifting
01-19-2019, 10:18 AM
#48
Washington. OP doesn't give a city in the post and I didn't know there are multiple park place so I thought it was the same place.
You guys know you can just speak in full sentences like adults, right? If you want to correct my just do it .��*♂️
You guys know you can just speak in full sentences like adults, right? If you want to correct my just do it .��*♂️
01-19-2019, 10:51 AM
#49
Drifting
The larger point is that you traded you car a number of months ago but seem to want to keep coming back to the GT4 forum to remind us how good of a.timing, b. financial decision that was.
01-19-2019, 11:27 AM
#50
01-21-2019, 05:46 PM
#52
Rennlist Member
Thread Starter
So, just an update! I called a few other P-car dealers that have great reps on the board, and got an offer of $86k, plus $1k to cover shipping to them.
I own a specialty retail business and in 20 years of owning it, I have never, repeat never, taken anyone for a ride. Someone brings me in an item to consign or trade, I price it at the normal 40% margin of what it will bring, and 30% if it is a consignment. It is tough to establish a baseline on many of the products I sell (Craigslist isn't realistic, as the items are sold there as-is and people will pay more to deal with an established business), but still, even though I can say "your item is worth $600" when I have a buyer lined up at $1500, and get away with it, I feel very strongly that it is the wrong way to act and definitely not the best way to build relationships with customers. They would be none the wiser, but I certainly would feel that I "took advantage" of the situation.
I own a specialty retail business and in 20 years of owning it, I have never, repeat never, taken anyone for a ride. Someone brings me in an item to consign or trade, I price it at the normal 40% margin of what it will bring, and 30% if it is a consignment. It is tough to establish a baseline on many of the products I sell (Craigslist isn't realistic, as the items are sold there as-is and people will pay more to deal with an established business), but still, even though I can say "your item is worth $600" when I have a buyer lined up at $1500, and get away with it, I feel very strongly that it is the wrong way to act and definitely not the best way to build relationships with customers. They would be none the wiser, but I certainly would feel that I "took advantage" of the situation.
01-22-2019, 08:57 PM
#53
8th Gear
Join Date: Jan 2019
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The last few on BAT went for $78k-$80k. Where are you located? I am interested. QUOTE=Kg11;15568769]I recently scooped up a nice GT4, and I freaking love the car. But, in order to qualify for a new mortgage and keep my old house as a rental, I need to shed some debt. I will have a renter in my old place paying 10% more than my mortgage+taxes, but apparently the mortgage underwriter deducts 30% off the gross rental income, which puts a bit of debt on my books. That, in conjunction with an zero-balance HELOC (which is counted as debt whether I owe money or not) pushes me toward a slightly riskier rate. Being conservative, I don't mind shedding the GT4 and getting another down the line. I really want to keep this house as an investment; I figure I will net $20k a year after fees and deductions, and that assumes no asset appreciation. This is a popular area and I expect housing to appreciate long-term: the average rate is 5.1% from 2003 till now. A few years of that, and I can buy whatever GT4 is current at the time!
Anyways, I just dropped by Park Place Porsche; what do you think of this trade-in offer?
2016 GT4
$104k build
full leather
9,700 miles
buckets (super clean! no bolster wear)
Existing CPO. No overrevs.
Good tires, no issues, full front end clear bra, no rock chips, just detailed: showroom ready the same hour I drop it off.
Offer is $70k. Does that sound right? [/QUOTE]
Anyways, I just dropped by Park Place Porsche; what do you think of this trade-in offer?
2016 GT4
$104k build
full leather
9,700 miles
buckets (super clean! no bolster wear)
Existing CPO. No overrevs.
Good tires, no issues, full front end clear bra, no rock chips, just detailed: showroom ready the same hour I drop it off.
Offer is $70k. Does that sound right? [/QUOTE]
01-22-2019, 09:22 PM
#54
Instructor
Try a different dealer and post it here on Rennlist marketplace. That should get you some interest.
01-22-2019, 09:42 PM
#56
Rennlist Member
two post and a new jan 2019 date
curious
curious
01-23-2019, 12:26 AM
#58
Drifting
So, just an update! I called a few other P-car dealers that have great reps on the board, and got an offer of $86k, plus $1k to cover shipping to them.
I own a specialty retail business and in 20 years of owning it, I have never, repeat never, taken anyone for a ride. Someone brings me in an item to consign or trade, I price it at the normal 40% margin of what it will bring, and 30% if it is a consignment. It is tough to establish a baseline on many of the products I sell (Craigslist isn't realistic, as the items are sold there as-is and people will pay more to deal with an established business), but still, even though I can say "your item is worth $600" when I have a buyer lined up at $1500, and get away with it, I feel very strongly that it is the wrong way to act and definitely not the best way to build relationships with customers. They would be none the wiser, but I certainly would feel that I "took advantage" of the situation.
I own a specialty retail business and in 20 years of owning it, I have never, repeat never, taken anyone for a ride. Someone brings me in an item to consign or trade, I price it at the normal 40% margin of what it will bring, and 30% if it is a consignment. It is tough to establish a baseline on many of the products I sell (Craigslist isn't realistic, as the items are sold there as-is and people will pay more to deal with an established business), but still, even though I can say "your item is worth $600" when I have a buyer lined up at $1500, and get away with it, I feel very strongly that it is the wrong way to act and definitely not the best way to build relationships with customers. They would be none the wiser, but I certainly would feel that I "took advantage" of the situation.
Lots of cars out there. Made any offers?
01-23-2019, 06:19 AM
#59
8th Gear
Join Date: Jan 2019
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I’ve had various P cars in my younger days but marriage and children changed all that. Now that my youngest is out of college and I figured that I’d rel-live my youth again.
01-23-2019, 08:07 AM
#60
Rennlist Member
I re-read my post and realized it was misleading. Sorry. I meant to say that I’ve been looking at various P cars for a few months and have made offers on two 996 turbos and one 997 c4s. In the past 2-3 weeks I’ve become interested in the GT4 (on the advice of my nephew from “The Secret White Porsche Collection”). I made an offer to a N.J. P car dealer but he said he couldn’t accept my offer. My nephew thinks that the P dealers are asking way too much and suggested I try private sellers. Recently I have been in touch with a private seller and we are trying to make a date to connect.
I’ve had various P cars in my younger days but marriage and children changed all that. Now that my youngest is out of college and I figured that I’d rel-live my youth again.
https://bringatrailer.com/listing/20...cayman-gt4-26/
Recent GT4 sales on BaT:
https://bringatrailer.com/search/cayman+gt4/
Good luck!