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allsop
Newbie


Joined: 08 Jan 2009
Posts: 5



PostPosted: Thu Jan 08, 2009 11:31 am    Post subject: Deal on a 997 Turbo.... Reply with quote

Hi Guys,

Newbie to the Porsche scene here.

Currently running a couple of Impreza's (P1 & 22B) but a huge fan of the 997 Turbo!

I have tested one before (think the asking price was £101,000...) which was a year or so ago and was amazed at how effortless the acceleration is compared to the Scoobs.

I have since noticed the decline in values and have been looking into buying one but really not sure in the value of these cars now so looking for opinions....

I have been out to see a couple of '06 Models at the 12-14,000mile mark and have been offered a nice one for £55,000. Now, I know that is little £££ for what these cars are but what do you guys think?

Anything going to be wrong with the cars for the cheapness or am I just getting a genuine bargain?

All opinions greatly appreciated!
Cheers,
Chris
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garyw
Montreal


Joined: 24 May 2007
Posts: 574
Location: warwickshire


PostPosted: Thu Jan 08, 2009 11:44 am    Post subject: Reply with quote

They are pretty bulletproof..
At 55K its a steal..

I would also add Sad

garyw
 
  
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Jamie
Reims


Joined: 13 Apr 2006
Posts: 4311


2007 Porsche 997 Carrera 2S

PostPosted: Thu Jan 08, 2009 12:19 pm    Post subject: Reply with quote

£55K is a steal, may sound a touch too cheap. They are selling at £65K ish. Is it at a dealership or private? Have you seen the car and what is the conditon, is it due tyres or service soon?

If private you should get a Pre Purchase Inspection done (PPI)
 
  
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allsop
Newbie


Joined: 08 Jan 2009
Posts: 5



PostPosted: Thu Jan 08, 2009 12:55 pm    Post subject: Reply with quote

It is a private seller that seems genuine enough.

Says the car has had 6previous owners though Surprised one of which was the dealership but still...........minimal miles but lots of owners??

Can't understand why that would be.

Last service was at start of November '08 and has covered 300miles since then.

Tyres still have a good bit of life in them aswell.

General condition is almost perfect, could do with a polish to remove the odd swirl mark (if I'm being really fussy....) but apart from that looks fresh out of the factory Cool

I'm heading back down south at the weekend to see the guy again and hopefully drive a nice 997 Turbo home.....anything else I should be looking for? I have read through the 111Point Check thing and I have already looked at all susp. joints/brakes/looked for engine leaks etc. but all seems A-ok.

Having come from the Subaru scene I guess I am just finding it hard to accept there wil be nothing wrong with it!
 
  
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David M
Spa-Francorchamps


Joined: 25 Jan 2007
Posts: 300
Location: YORK


PostPosted: Thu Jan 08, 2009 1:16 pm    Post subject: Reply with quote

All private sellers seem genuie.....buyer beware Rolling Eyes

Wouldn't touch a private purchase of such a car without full PPI, HPI and manufacturers warranty (that they put on). Especially one that is unusually cheap - is it a ugly colour combination or repaired Dont know
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Wattie
Zolder


Joined: 05 Nov 2006
Posts: 5668



PostPosted: Thu Jan 08, 2009 1:30 pm    Post subject: Reply with quote

6 owners on an '06 car.... Surprised Surprised Surprised

RUN AWAY! bye bye

I know these cars change hands a lot more frequently than everyday cars, but 6 owners in less than 3 years is ridiculous...

There has to be something wrong? Question

Has it had a significant accident for example, but wasn't declared (maybe while being driven by somebody not covered by the owner's comprehensive insurance?) In this case it won't be recorded as Cat C or D...

Up to you mate, but it is so cheap there has to be a reason and if the current owner is not being upfront about that, what else are they not being upfront about?

I learned a valuable lesson about private sellers when buying a horse some years ago: A really sweet and innocent 18 year-old girl assured us it had passed a vet test recently with flying colours, but the buyer had been made redundant and had backed out of the deal. Fortunately, we decided to spend £300 on our own vet test and discovered it was of more value to Pedigree Petfoods than it was to us! A real shame as he was a lovely horse, but could never be ridden again... So much for the honesty of private sellers...

Get a PPI - our £300 investment only saved us £3,000 15 years ago, for less than that you could save yourself a heck of a lot more - possibly even your life!
 
  
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allsop
Newbie


Joined: 08 Jan 2009
Posts: 5



PostPosted: Thu Jan 08, 2009 1:35 pm    Post subject: Reply with quote

How long do the Porsche warranties run? Is it possible to extend them etc.?

The combination is black/black and has never been in an accident so nothing unusual there Confused

I guess I could always accept the car for £55k and put it through a PPI later. From what I have read about these checks they are nothing I don't normally do when looking to buy a car anyway having worked on a number of other marques.

Think it is my suspicious mind working over time but as they say, there is no such thing as a genuine bargain (or however that saying goes........)

Good point about the warranty- will have to look into that. Thumb
 
  
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Wattie
Zolder


Joined: 05 Nov 2006
Posts: 5668



PostPosted: Thu Jan 08, 2009 1:48 pm    Post subject: Reply with quote

caveat emptor...

So what is the explanation given by the seller for the price and the number of owners?

The car is £10,000 cheaper than the next nearest price-wise that I could find: If you've somehow stumbled upon the most naive seller on the planet, has he got anything else to give away, sorry, I mean sell? Thumb
 
  
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allsop
Newbie


Joined: 08 Jan 2009
Posts: 5



PostPosted: Thu Jan 08, 2009 2:31 pm    Post subject: Reply with quote

Good use of Latin..... Laughing

It didn't really hit me until I got home but he didn't even try to give an explanation....lol

He certainly has plenty of cash going by his palace in the country....on my way there I noticed an R8 and F430 so I can only hope he has got too much £££ and/or just wants it sold. Is moving to Oz in June so looks to be "clearing out" thumbsup

Love the cars tho so if you guys say it is a good price then it is being pur-chased! Smile
 
  
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MQ
Österreich


Joined: 15 Feb 2007
Posts: 905
Location: I wish I lived in Rochdale

1992 Porsche 968

PostPosted: Thu Jan 08, 2009 3:54 pm    Post subject: Reply with quote

Post some pics when you get it mate and welcome to 911uk
 
  
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garyw
Montreal


Joined: 24 May 2007
Posts: 574
Location: warwickshire


PostPosted: Thu Jan 08, 2009 5:48 pm    Post subject: Reply with quote

If it is clean, then I see no reason to sell it for 55K
The seller may be quite well off, but there's usually a good reason they are!
Okay the ownership that high would ring alarm bells to me, I sold a 996 Turbo as it could only manage 2K on a set of rear tyres- so obviously something wrong (had it geo checked and was OK Confused ) my point is 55K is giving it away..
However if its clean then you've won a bargain Turbo

garyw
 
  
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Maxie
Yas Marina


Joined: 11 Mar 2007
Posts: 8386
Location: London


PostPosted: Thu Jan 08, 2009 5:56 pm    Post subject: Reply with quote

Yeah Number of owners would scare me. You'll have to sell it on equally as cheap because next buyer after you will be 8th owner.

~ Maxie Question
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Pete Hadfield
Suzuka


Joined: 06 Sep 2008
Posts: 1147
Location: 25 miles north of Manchester

2007 Porsche 997 Carrera 2S

PostPosted: Thu Jan 08, 2009 6:04 pm    Post subject: Reply with quote

Quote:
Love the cars tho so if you guys say it is a good price then it is being pur-chased! Smile


allsop, I hope you don't regret buying this. There are too many previous owners for this car to be genuine and the price just gives it away.

Listen to Wattie and the others who have the experience. Give Mark Pearce a ring at Stirlings to discuss this. He will give you free advice, he did for me and I didn't buy off him.

As for the inspection if you are going to buy then get a PPI done by Peter Morgan BEFORE you buy and not after.

http://www.porscheinspections.com/

The last thing we want to find is you asking us on here to resolve problems of handling, knocking noises and unreliability.

Hope things work out for you.

Best regards

Peter
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Pete,

997 C2S, no longer a 'Ring virgin
 
  
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therealsally
Monza


Joined: 23 Feb 2008
Posts: 171
Location: Oxford

1993 Porsche 964 Carrera 2

PostPosted: Thu Jan 08, 2009 6:11 pm    Post subject: Reply with quote

get an HPI report done now and find how many times the plate has changed - a proper one thats not a few quid online. Sometimes the DVLA add an owner when a private plate is changed. Don't know why - mess up by DVLA?
 
  
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Jamie
Reims


Joined: 13 Apr 2006
Posts: 4311


2007 Porsche 997 Carrera 2S

PostPosted: Thu Jan 08, 2009 6:38 pm    Post subject: Reply with quote

I agree, get a PPI before as a bad car isn't worth the hassle even for a £10K saving if no discerning buyer will ever buy it off you in the future if a PPI shows up something then that you missed.
 
  
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uuf361
Long Beach


Joined: 27 Aug 2005
Posts: 6526
Location: Classified

2007 Porsche 997 Turbo

PostPosted: Thu Jan 08, 2009 6:54 pm    Post subject: Reply with quote

Welcome

PPI
PPI
PPI

Or get them to put it through the 111 point inspection and you pay for the warranty

Either way you will have more confidence and shouldn't be in for any nasty surprises.

If it is a genuine bargain and the price reflects the number of owners then great, if not you will have potentially saved yourself a fortune......
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Scott
997 TT Cab in White (HD2) - now sold
996 C2 Cab (HD1) - now sold
Shiny new house (La La Land) instead!
Now a Golf R Estate, and a Clio!
 
  
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pirellipete
Barcelona


Joined: 03 Jul 2007
Posts: 1480
Location: Cornwall

2003 Porsche 996 Turbo

PostPosted: Thu Jan 08, 2009 11:48 pm    Post subject: Reply with quote

The number of 'True' owners should show up in the documentation with the car,

I agree with RealSally, when I got my car the logbook showed 6 previous owners, in reality it was 3, who each put a private plate on it then removed the private plate when they sold it,

I figured this out just by reading the customer name on the service invoices etc.

I'm not saying this is the case for this car, but it could be, and its easy to verify.
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tbrown
Paul Ricard


Joined: 05 May 2007
Posts: 3430
Location: Fra Mauro Highlands

2007 Porsche Cayman 987

PostPosted: Fri Jan 09, 2009 2:19 am    Post subject: Reply with quote

4 out of 5 previous owners of my car [10yr old] had personal plate changes and it still states 5 prevoius owners. I don't think the DVLA add more owners except by mistake, but three times??

TB
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TB
Cayman S
Ex 996C4 Polar Silver 125k
Ex 996C2 Ocean Blue 143k
 
  
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Wattie
Zolder


Joined: 05 Nov 2006
Posts: 5668



PostPosted: Fri Jan 09, 2009 8:30 am    Post subject: Reply with quote

pirellipete wrote:
The number of 'True' owners should show up in the documentation with the car,

I agree with RealSally, when I got my car the logbook showed 6 previous owners, in reality it was 3, who each put a private plate on it then removed the private plate when they sold it,

I figured this out just by reading the customer name on the service invoices etc.

I'm not saying this is the case for this car, but it could be, and its easy to verify.


The number of previous registered keepers should never change with a number plate change. However, if ownership was transferred between company and private the V5 will show two owners - even if it is the same address and the same driver of the car (so service invoices will show the same name).

6 owners in such a short space of time would need to be explained in detail to me before I would seriously consider a car that is also extraordinarily cheap.

I have been involved in the retail motor trade for two many years to believe that these sort of bargains really exist: There MUST be a story behind this somewhere...

Get the car HPI'd on the chassis number (not just the Reg. No.) - It may still be on finance on a previous plate? I made this mistake once and the finance company turned up a week later to nick the car back!

How do you know that it has never been involved in an accident when it's had 6 owners? It is quite possible that a repair may have been done without making an insurance claim - as I said before if someone was driving it with 3rd party cover only (e.g. girlfriend driving home from the pub?)

Why is the guy emigrating? Are you sure he actually owns the car and it is legally his to sell?

Anyway, up to you, but no way would I buy a car that cheap with that many owners unless there was a really convincing explanation.
 
  
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Wattie
Zolder


Joined: 05 Nov 2006
Posts: 5668



PostPosted: Fri Jan 09, 2009 8:42 am    Post subject: Reply with quote

Just to add my final point on this - I don't think you need to be worrying too much about the mechanical condition of the car (the £10,000 saving will cover most things that may turn out to be wrong), but it is the ownership and provenance that should be your concern...

If you don't thoroughly check this out, it is quite possible (and it happens more often than you would think) you may lose the car and all your money. And if it is a private seller, especially one emigrating in June, you will never get your money back!

My Sister inadvertently bought a 'Ringer' once (stolen car given the cloned identity of someone else's car) and the Police turned up 3 months later and took it away - just like that! Fortunately, she had bought it from a Dealer and they did the decent thing and gave her another car.

You've had enough warnings now, I'm sure you will do some proper research and if everything checks out, enjoy! Thumb
 
  
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