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Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 5:45 pm
by gridgway
RobFrost wrote:
People say the same about the pharma company that bought a cancer drug and raised the price 1,000%. Obviously it's a bit more of a raw nerve when people's lives are on the line rather than just their fun weekends in a classic car but it's the same principle - siezing an asset and holding it to ransom for its full value because either you're more hard-nosed, mroe greedy, or have a superior understanding of its true value. I'm not saying I judge them because capitalism is the system we all live within, and which brought about the making of the Porsche 911 in the first place so we all have to subscribe to it to some degree, but they do extract the consumer surplus for themselves. Without them, there would be a load of 911s in ownership of end-users who bought them for £20k less or sold them for £20k more. There would be more cars on the market at any given time, and more of them at a reasonable price. So I'm probably going to keep hating on them for depriving enthusiasts like us of bargains.
Now I see things really differently. There is nothing similar at all to a cancer drug scenario (not sure if real or hypothetical). The asset has not been seized, or held to ransom. Bought and (potentially) sold on the open commercial market.
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 5:45 pm
by Bootsy
DustyM wrote:RobFrost wrote:with the profit greatly in excess of the value added (e.g. £20k premium on the car for a better / more prominent showroom, a clean and polish, and a more promotional description etc.)
Hmmm, if only trading in cars was as simple as a clean,polish and write a nice advert.
A reputable dealer (or one who is trying to build a reputation) will also have to warranty the car. To enable them to do this they will also have inspected the car, serviced it and fixed minor problems. They will have significant overheads on that showroom so you don’t have to view the car in the rain on someone’s driveway.
So that 20k premium isn’t the profit, and the proportion of it that is will have VAT included which they will have to hand to HMRC.
And of course any of us had the same chance to buy the car originally if we’d wanted to take the risk of a private sale.
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Word
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 5:58 pm
by RobFrost
They're probably doing something right having 100% positive feedback on ebay.
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 6:45 pm
by gridgway
And back on topic, lightweight SC for £80k. The front looks a bit odd to me. Perhaps it's the bottom corners of the bumper.
https://911virgin.com/listings/911-3-0- ... ight-1982/
https://www.youtube.com/watch?v=L1D7oHz ... =911virgin
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 7:11 pm
by Bootsy
I like that
Possibly the combination of Carbon Fibre front wings and that bumper is hard to get a good line?
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 7:22 pm
by gridgway
Bootsy wrote:I like that
Possibly the combination of Carbon Fibre front wings and that bumper is hard to get a good line?
Yes, agreed, I think the car looks fab and Henry is very positive about it. The SC I had was exactly as he described, feeling a bit dull, especially in the steering dept.
One of the best handling cars was a short-stroke 3.2 that Nick Fulljames built and Nick had set up the suspension. When I asked him the geo settings, he claimed "Porsche standard", which I didn't think was quite what it was! But a lovely chuckable car.
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 8:16 pm
by RobFrost
DustyM wrote:RobFrost wrote:with the profit greatly in excess of the value added (e.g. £20k premium on the car for a better / more prominent showroom, a clean and polish, and a more promotional description etc.)
Hmmm, if only trading in cars was as simple as a clean,polish and write a nice advert....
Somebody asked for a definition of what it meant "to flip" and I just provided one. A trader who sells for £20k more having added £20k of value, I wouldn't view as a flip. In this particular instance, it's hard to imagine how that particular 911 was worth £20k more to some buyer than it was two or three days earlier for sale privately.
Re: Porsche for sale of the day..........
Posted: Sun Nov 07, 2021 10:48 pm
by gridgway
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 4:45 am
by RobFrost
Having fun - me too. I'm only hating on those pesky car dealers in a gentle ribbing sort of hating. The parasitic drug companies only differ by degree - the principle of seeing an asset being marketed at below the price somebody is willing to pay, purchasing it and remarketing it at a higher price is obviously identical. The product is just a lot more important and sensitive in that case. Taking principles to extremes is useful because it increases clarity.
Re your claim I failed, I acknowledge that you don't concede the argument and I can handle that without having to attempt to bruise your ego. I see this as being a more sensitive topic to you because you're a trader and you're sensitive to the question of whether traders actually contribute anything worthwhile to society. I work in marketing and I often ask myself if what I do is actually worthwhile too. It's good that we're moral people.
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Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 7:05 am
by Bootsy
Graham isn’t a trader at all
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 8:05 am
by RobFrost
Bootsy wrote:Graham isn’t a trader at all
oh ok, my bad. I thought I saw "fx/options trader" or something like that, but it must have been someone else.
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 8:21 am
by Lightweight_911
DustyM wrote:...any of us had the same chance to buy the car originally if we’d wanted to take the risk of a private sale.
Exactly
.
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 8:48 am
by RobFrost
Cheap if you can tolerate that interior.
https://www.ebay.co.uk/itm/284511883613
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 10:28 am
by jeremyg
Don’t mind the interior, it’s the exterior I don’t like!
Re: Porsche for sale of the day..........
Posted: Mon Nov 08, 2021 6:46 pm
by yoda
RobFrost wrote:Bootsy wrote:Graham isn’t a trader at all
oh ok, my bad. I thought I saw "fx/options trader" or something like that, but it must have been someone else.
I may be mistaken but FX/Options Trader doesn’t equate to a used car salesman as far as I am aware!
