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British Car Auctions: Buying a 997 Gen 2. Your thoughts.....

michelin

Indianapolis
Joined
28 Oct 2010
Messages
2,422
My car will be up for sale come January 2015 and I've obviously been doing a lot of research for a new one.
I quite fancy a C4S or a Targa and prices everywhere differ massively especially at an OPC.
Has anybody bought from BCA or has experience with them?
I'm loathed to give OPC £5k above a car is worth at times.
:thumb:
 
BCA

I never know why some people are so against auctions. I regularly browse BCA website and attend the live auction occasionally.The number of newish porsches that go through from reputable sources seems high. I would guess that you would be very very unlucky to get a wrong un. Most newish cars have a mechanical report with them. I guess if you were buying a 15 year old 996 that's a different matter. I have been attending bca lately looking for an A4 Avant. I watched a nice red 3 year old s line from lex leasing go through which was sold for £13050. A week later it popped up on a used car traders lot for £15495. I went to look at it at the dealers and he gave me all the bollox about one careful owner etc etc and that he doesn't have much margin in it so couldn't give a discount for a straight sale.Sorry but I am off back to the auction as I cant give somebody £2500 grand for parking it on his lot with a ***** warranty!!!
 
I have bought from auction before at the lower end of the market ....... not too sure if I would have the balls to go top end though ...... :dont know:
 
Re: BCA

I've just spoken with BCA at length given recent stock. 3 year old 997 S, toys, 48k on clock, FPSH as Porsche Finance owned it, guide price £38-£41k.
I feel if you do your homework correctly thats one hell of a car for the money. :thumb:

stichill99 said:
I never know why some people are so against auctions. I regularly browse BCA website and attend the live auction occasionally.The number of newish porsches that go through from reputable sources seems high. I would guess that you would be very very unlucky to get a wrong un. Most newish cars have a mechanical report with them. I guess if you were buying a 15 year old 996 that's a different matter. I have been attending bca lately looking for an A4 Avant. I watched a nice red 3 year old s line from lex leasing go through which was sold for £13050. A week later it popped up on a used car traders lot for £15495. I went to look at it at the dealers and he gave me all the bollox about one careful owner etc etc and that he doesn't have much margin in it so couldn't give a discount for a straight sale.Sorry but I am off back to the auction as I cant give somebody £2500 grand for parking it on his lot with a ***** warranty!!!
 
for a three year old S that is great value!

I saw you mentioned 4S and Targa and this at 911V has both! it's a couple of years older, but lower miles. I've had a good look, sat in it etc, it's beautiful and they give your car respect as a trade if its a good'un.

http://www.911virgin.com/porscheforsale/716/9974STargaGen2/
 
Main thing is why is the car at auction, rather than on a forecourt?
If it's because the car has come from a leasing company who don't have any other sales outlet, then fair enough.
However, some of the cars at auctions are there because a dealer, whether it's an OPC or otherwise don't want to sell it themselves which can raise a possible negative.
OPC's definitely put a heavy premium on their 2nd hand sales, but to balance that out, they do (IMHO) have the best quality stock, with a good warranty & competitive in house finance packages which specialist dealers & auction houses can't compete with.
I think it just comes down to which buying option is right for the individual. Go to an OPC, pay top dollar & get commensurate top car & service/peace of mind, or other routes which are cheaper but maybe without the dealer back up.
 
Cheers MJ for the heads up.
Is it me or does the aluminium strip look out of place on the Targa's?
Hmmmmmmm

MJA911 said:
for a three year old S that is great value!

I saw you mentioned 4S and Targa and this at 911V has both! it's a couple of years older, but lower miles. I've had a good look, sat in it etc, it's beautiful and they give your car respect as a trade if its a good'un.

http://www.911virgin.com/porscheforsale/716/9974STargaGen2/
 
Re: British Car Auctions: Buying a 997 Gen 2. Your thoughts.

michelin said:
Has anybody bought from BCA or has experience with them?

I've bought loads of cheap cars at various auctions over the last 30 years and never had any issues.

Re BCA, the most expensive I bought was a 4 year old BMW 328Ci. I saved myself £2k over private price and £4k over retail and it was perfect.

I bought a brand new X-Type on a PP scheme, ran it for 40k miles in 18 months and returned it to Jaguar. It went straight to Enfield BCA where someone got a pristine, 1 driver, fsh car for 25% less than it would have retailed for.

That said, would I buy a Porsche there :?: ........ No.
 
They have a few Gen 2's up for auction soon.
They have come from Porsche Finance so I assume mileage maybe too high to place in an OPC.
 
Porsche sold my Turbo on BCA. Was well looked after, apart from 68 Kmiles.
I would not hesitate to look on the site, could get a nice one.
Good luck Michelin :thumb:
 
Cheers pal.
I had a feeling yours went to BCA, that was one of my reasons for looking.
:thumb:
 
Auction and OPC are the absolute opposite ends of the spectrum, so a little unfair to compare them directly (in between are specialist independents and then private sellers)

Buying from auction ...

I think you will be surprised how expensive the car is - as you said it might be £5k less than OPC (this would put it about indie/private money), for me the gap would need to be at least this post fully landed price.
(Margins on used cars are reasonably modest, so you may be surprised how much the "dealers" are willing to bid, especially as they will be paying about £800 less than you in buyers prem)

Things to watch out for
Tyres could be shot - £1200
No warranty left - £1500 (more as OPC comes with 2 years)
No paint or interior prep -
Might need a service, if lucky it will just had one
Check for full wallets, books and spare keys (DVD for sat nav)

Buyers premium at this level is likely to be £1200++

Saying that they are some opportunities if you go in with your eyes open.
 
Trying to give informative and helpful advice without it sounding like reasons why you should buy from me will be difficult
But

Heres my thoughts

Buying from an auction isn't easy,
how many times will you go to auctions to find no cars there of interest, ok they know have online catalogues

auctioneers will run you up I.e if your bidding on a car they will bid you against the wall/ a non existent other bidder so your bidding against yourself to see how far they can push you
You don't have a proper chance to look at the service history
Who has entered the car and why?
Most auctions buyers/ the traders, will only buy cars entered as a Pendragon, Evans Hallshaw, Lombard entry, i.e. they know the source, cars entered by Traders them selves are shunned as they think they are entered for a reason.

Due to company car tax you rarely see a Porsche entered by a leasing co's as very few Porsches are leased due to the co car tax.

Porsche finance enter cars, some are cars that are at the end of the finance agreement and come up to balloon time , some are repossessions.

All the end of agreement cars are entered into an on line auction that the OPC's can bid on , the ones that don't sold go to auction, i.e. the ones the main dealers have rejected.

Repossessions are something else, generally anyone who has there car repossessed knows it and doesn't maintain it and abuses it before it gets snatched back

If you speak to any experienced car dealer he'll tell you at the moment cars are fetching more at auction than what we all think they are worth.
in a lot of cases more than what they are advertised for privately and sometimes in the trade, I know car dealers who say they buy at auction to put on there pitch for no profit so they can make money from the part exchange, which i think is madness.

Don't forget you don't have very long to look at a car and when its in a line in a darkened covered area its easy to miss things

Finally remember its not what you pay for a car but what you can spend on it in the first few months, service, tyres, paintwork, wheel refurbishments, warranty etc.

Whilst dealers do have a £5/6,000 mark up, we do have expenses and don't make that net.
 
@ mark pearce, IMO the points you make are valid. I've always been prepared to pay for value and service. There are some excellent Porsche retailers who can be relied upon to advise prospective customers on the most suitable car, without sales pressure, to source good cars, check and prepare them thoroughly and then warrant them into happy ownership.

For that level of service, the value is there and the reputation such retailers have built is deserved and justifies price premium over other forms of purchase such as private or auction. To be avoided is the no-value/authur daley dealer in @stichill9's example above, it simply perpetuates an image that those who conduct themselves very differently to must hate to be associated with. It's up the the buyer to get it right on who they buy from.

That's not to say that a knowledgable buyer who has the discipline and patience to seek out a good car cannot land a bargain at auction or privately where risk or need for spending is easily offset by the lower purchase price. Personally, and we're all different, even if I had the knowledge and buying skills I'd still want to be paying at least 20% less in order to forego the level of service and security the reputable retailer provides.
 

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