**** on Martin Bishop's car sale thread
07-24-2009, 06:35 PM
#46
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Got a couple questions on warranty and about getting the car inspected
Warranty details are on this page?
http://www.easycare.com/benefits/pro...vice-contracts
No problem on getting the car inspected. It was serviced at Roger Beasley Porsche Austin. My service advisor was Tim or you can let me know where you want it inspected and I can have someone arrange it for you.
Roger Beasley Porsche
www.porscheaustin.com
200 East Huntland Drive
Austin, TX 78752
(512) 371-1155
Warranty details are on this page?
http://www.easycare.com/benefits/pro...vice-contracts
No problem on getting the car inspected. It was serviced at Roger Beasley Porsche Austin. My service advisor was Tim or you can let me know where you want it inspected and I can have someone arrange it for you.
Roger Beasley Porsche
www.porscheaustin.com
200 East Huntland Drive
Austin, TX 78752
(512) 371-1155
07-31-2009, 03:39 PM
#50
Rennlist Member
Try shared ownership or sale/leaseback before returning it to the bank; that would probably be a big negative to credit score. Bank might allow some creativity if the counterparty is a good risk. Just a thought.
08-01-2009, 04:38 AM
#53
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I am out of the country right now, so I do not have much of a choice. I do not understand why these cars are loosing so much value so quickly. I bought it for 66K last year and put in 6K in one year into the car. These are smoking deals right now
08-01-2009, 09:41 AM
#54
Rennlist Member
Great looking car and a great deal! I should have suggested this earlier - consign the car to Ruf in Dallas - they do a great job in marketing "special" cars and they have alot of folks go through their shop + they'll take care of it while you out of the country. I'm close by (Austin) so let me know if I can help you out - PM me.
08-01-2009, 03:33 PM
#55
Rennlist Member
Plenty of examples abound these days. Here is a perfectly fine 6GT3 languishing at $48k while the 2010's (two of them) I saw today at Downtown LA Porsche both carry stickers of $137k plus "market adjustment" of $15k.
The difference might be marketing.
08-01-2009, 04:08 PM
#56
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It's all simple to me. All asset classes are down since the meltdown of the financial system (including cars). Most anyone that bought anything a year ago is down today even with the recent rallies in the bond and equity markets. The people that used leverage are just down more than others than others that did not.
Leverage works well when the market goes your way, and not so well when the momentum works against you.
JMHO, but if I was the owner of this car, I would take down the picture of the car on the track. It's the reason that I never made an offer. There are too many GT3's that have never been on the track, and I'd just rather buy a "virgin" than gamble on one that has already been used in "high-speed" events. It's just that I'd like to be the one that takes it to the track for the first time.
08-01-2009, 06:34 PM
#57
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I agree. The track picture kept me from being serious about this car. I am purchasing my 6 GT3 tomorrow and driving her home (about 450 miles). The car I am purchasing has no track at all and very low miles with a perfect PPI. I know these cars are made for the track and I hope to get out there eventually and let the car shine however I am not interested in a car that has already been tracked for numerous events.
That is just me but I wil pay up for a non abused car. I really think the 6 GT3 will be a collectors car in the future more so than the 7 gt3's will.
That is just me but I wil pay up for a non abused car. I really think the 6 GT3 will be a collectors car in the future more so than the 7 gt3's will.
Ben Graham and David Dodd pointed this out in their 1934 book "Security Analysis". A guy named Warren Buffett later trained under Professor Ben Graham at Columbia University.
It's all simple to me. All asset classes are down since the meltdown of the financial system (including cars). Most anyone that bought anything a year ago is down today even with the recent rallies in the bond and equity markets. The people that used leverage are just down more than others than others that did not.
Leverage works well when the market goes your way, and not so well when the momentum works against you.
JMHO, but if I was the owner of this car, I would take down the picture of the car on the track. It's the reason that I never made an offer. There are too many GT3's that have never been on the track, and I'd just rather buy a "virgin" than gamble on one that has already been used in "high-speed" events. It's just that I'd like to be the one that takes it to the track for the first time.
It's all simple to me. All asset classes are down since the meltdown of the financial system (including cars). Most anyone that bought anything a year ago is down today even with the recent rallies in the bond and equity markets. The people that used leverage are just down more than others than others that did not.
Leverage works well when the market goes your way, and not so well when the momentum works against you.
JMHO, but if I was the owner of this car, I would take down the picture of the car on the track. It's the reason that I never made an offer. There are too many GT3's that have never been on the track, and I'd just rather buy a "virgin" than gamble on one that has already been used in "high-speed" events. It's just that I'd like to be the one that takes it to the track for the first time.
08-01-2009, 09:15 PM
#59
Anyone buying a car from a dealer or someone who's not the original owner, has no way of knowing whether a car has been to the track or not (despite what they may tell you).
Anyone who's owned a GT3 and taken it to the track (and maintained it properly) would likely tell you that those cars are often better than garage queens. Additionally, there's something to be said for buying a well sorted car and not having to pay much extra (if at all).
Anyone who's owned a GT3 and taken it to the track (and maintained it properly) would likely tell you that those cars are often better than garage queens. Additionally, there's something to be said for buying a well sorted car and not having to pay much extra (if at all).
08-01-2009, 09:45 PM
#60
The car likely didn't sell because the risk exceeded the reward. An out of country seller who couldn't afford the car presents a lot of issues, including getting title and proper maintenance of the car. The market is much stronger than this car would suggest. As is typical, when something looks undervalue there is usually a catch.