Notices
996 GT2/GT3 Forum 1999-2005
Sponsored by:
Sponsored by:

Who usually pays for the PPI?

Thread Tools
 
Search this Thread
 
Old 02-19-2013, 03:48 PM
  #1  
Damage
Rennlist Member
Thread Starter
 
Damage's Avatar
 
Join Date: Jun 2005
Location: Manhattan Beach
Posts: 675
Received 100 Likes on 54 Posts
Default Who usually pays for the PPI?

I looking at a car that is out of state and I'm curious if I should be paying for the PPI or the seller? I would imagine the seller would as it would help them sell the car more if they have this information for themselves to share with prospective buyers.
Old 02-19-2013, 04:00 PM
  #2  
AudiOn19s
Race Car
 
AudiOn19s's Avatar
 
Join Date: Jun 2005
Location: Columbus OH
Posts: 4,511
Received 46 Likes on 37 Posts
Default

Almost always the buyer.

I've paid for several over the years including on cars I didn't end up buying...it's me as the buyer requesting a more in depth inspection of the car than I'm capable of in one way or another. I should be paying for the cost.

Not saying always. I've purchased a car that was already PPI'd buy the seller as a selling point and he provided the documents, but it's not something they are expected to do. If you want the PPI you need to be the one paying for it.
Old 02-19-2013, 04:02 PM
  #3  
SeanR
Rennlist Member
 
SeanR's Avatar
 
Join Date: Apr 2006
Posts: 35,700
Received 498 Likes on 266 Posts
Default

I would want to pay for my own if buying. Too easy for the seller to fib or not disclose issues in order to sell.
Old 02-19-2013, 04:03 PM
  #4  
kk2
Rennlist Member
 
kk2's Avatar
 
Join Date: Dec 2011
Location: NY
Posts: 1,666
Received 32 Likes on 21 Posts
Default

buyer...
Old 02-19-2013, 05:03 PM
  #5  
eab3@bellsouth.net
Instructor
 
eab3@bellsouth.net's Avatar
 
Join Date: Jul 2007
Location: New Orleans
Posts: 152
Likes: 0
Received 0 Likes on 0 Posts
Default

Buyer - you have a better shot of an objective opinion.
Old 02-19-2013, 05:20 PM
  #6  
kurtkrum
Instructor
 
kurtkrum's Avatar
 
Join Date: Apr 2010
Location: Charlotte, NC
Posts: 130
Likes: 0
Received 1 Like on 1 Post
Default

I ordered one when I bought my 996 GT3 and had a NJ dealer do it. The dealer failed to uncover some pretty basic stuff that, in retrospect, would have made me reconsider buying the car I got.

My recommendation is to use an indi shop and not a dealer.
Old 02-19-2013, 05:26 PM
  #7  
Mikelly
Rennlist Member
 
Mikelly's Avatar
 
Join Date: Feb 2007
Posts: 2,575
Received 111 Likes on 58 Posts
Default

Buyer. When I bought my GT3, the previous owner had a PPI done for another buyer. After talking to the shop on the phone and getting the copy of the PPI, I made the decision to go ahead and buy mine without an additional PPI. But I did a thorough inspection after the fact when I got mine home.

Mike
Old 02-19-2013, 10:21 PM
  #8  
Vonschmidt
Rennlist Member
 
Vonschmidt's Avatar
 
Join Date: Aug 2012
Location: Houston, Texas
Posts: 1,306
Likes: 0
Received 0 Likes on 0 Posts
Default

Buyer. Just like an apraisal or home inspection. However beware that a PPI only tells you how the car is that very moment. It is not predictive in nature. A car purchased by an acquaintance had a piston fail two weeks after the PPI hat showed everything fine.

Better than nothing, but your best bet is to buy from people who are concerned about their reputation and don t need to sell.
Old 02-19-2013, 10:26 PM
  #9  
911 Crazy
SPAM addict
Rennlist Member
 
911 Crazy's Avatar
 
Join Date: Sep 2011
Location: Acadia National Park, Northeast Harbor, Maine
Posts: 30,276
Received 20 Likes on 18 Posts
Default

Buyer. Done about 6 in the last year. They really saved me!
Old 02-20-2013, 02:08 PM
  #10  
GTgears
Nordschleife Master
 
GTgears's Avatar
 
Join Date: Oct 2009
Location: Loveland, CO
Posts: 5,163
Received 116 Likes on 82 Posts
Default

Buyer, and if they find anything wrong, you will more than make up for it when you renegotiate the price of the car based on the repairs you will have to make. Or you pass and it saves you from expensive repairs.
Old 02-20-2013, 02:28 PM
  #11  
Number54
Racer
 
Number54's Avatar
 
Join Date: Dec 2009
Location: Switzerland
Posts: 400
Likes: 0
Received 1 Like on 1 Post
Default

Buyer.

For the last car I sold, one guy got a PPI and then made me a low-ball offer. So I sold the car to someone else. He got very upset, insisting I pay him back, he even sent me a few unpleasant texts!
Old 02-20-2013, 03:46 PM
  #12  
Damage
Rennlist Member
Thread Starter
 
Damage's Avatar
 
Join Date: Jun 2005
Location: Manhattan Beach
Posts: 675
Received 100 Likes on 54 Posts
Default

Well..this sucks. No Porsche dealership in the area does PPI's anymore due to "litigation". I got a recommendation for the area, but the guy can't hook up to the computer to give me the DME readout.

On a related note, I need some advice as this would be first time for me buying a car out of state. I plan to finance (if I plan to keep the car longer, I pay off the loan early) the car and I'm going through PenFed. What's the recommended strategy or process for this? PenFed said the buyer/seller negotiates a price, then seller needs to fax copies of a bill of sale and title and then a few days of process later, they send a check. I was thinking the process with the seller would go like the following:


Visit in person to check out car, arrange PPI with independent, then drive to dealership to get DME readout only.
Negotiate and agree on price
I leave a deposit or downpayment as a good faith thing
Seller faxes docs to PenFed
I keep title and bill of sale
Should I ask for one copy of the keys?
I go home and wait for PenFed (it takes them 3-4 days to process) to send me check to endorse
I send check asap to seller
Seller and I arrange shipment of car
Done.


Does this sound about right?? Should I fly back to deliver check in person in order to assure I receive the car or trust the seller will assist in arranging shipment?
Old 02-20-2013, 03:55 PM
  #13  
Number54
Racer
 
Number54's Avatar
 
Join Date: Dec 2009
Location: Switzerland
Posts: 400
Likes: 0
Received 1 Like on 1 Post
Default

^^^ Good, I wouldn't trust a Porsche dealership do a PPI anyway! Its hit or miss. If you know the actual tech doing it and trust them, okay, otherwise forget it.

Find a proper race shop with lots of experience on these cars.
Old 02-20-2013, 04:46 PM
  #14  
Laura
Pro
 
Laura's Avatar
 
Join Date: Sep 2001
Location: Lake Forest, CA
Posts: 698
Likes: 0
Received 0 Likes on 0 Posts
Default

Damage,

++ on independent PPI.

The scenario you have listed for the purchase of this car would leave the seller in a very uncomfortable position. Most purchases go like this: If you want the car, leave a good faith deposit and when you return with the full amount, you will get the car, the title, bill of sale and the keys.
You have no right to a bill of sale, title or keys if you haven't paid for the car. Seller can give you a bill of sale contingent on receipt of funds and a copy of the title for you to try to get financing but your plan does not protect the seller in any way and in my opinion puts him at risk.
Old 02-20-2013, 04:53 PM
  #15  
Damage
Rennlist Member
Thread Starter
 
Damage's Avatar
 
Join Date: Jun 2005
Location: Manhattan Beach
Posts: 675
Received 100 Likes on 54 Posts
Default

Laura,

The only problem is this is out of state. Plane tickets cost me $500 each flight. That means $1k to fly there the first time to check the car out and leave the deposit. 2nd time to come back and hand over the remaining balance. Also for the deposit, would a normal check do? My worry is either, seller takes money (if cashier's check) and/or just sells the car while I wait for the rest of the funds to come through.

Just trying to figure out the best way to handle it. It's looking to be a lot of hassle. :/


Quick Reply: Who usually pays for the PPI?



All times are GMT -3. The time now is 03:56 AM.