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Is now the right time to sell an eight-month old Porsche Cayman?
I have an eight-month, 7000-mile Porsche Cayman 2.9 manual with extras which made list price 41K. Bought new from Porsche dealer.
Building a new house this year so considering selling to cut my outgoings; there's still 29.5K on finance. Thought Porsches weren't meant to depreciate much, but I'm being offered 29-30K by outfits like "sellmyprestigecar". Porsche dealers sell cars like mine for £36-7K, and I know from personal experience they won't knock much off their prices, so how come I can't get 33-4K for mine? I don't have to sell now; would it be better to hang onto it for another 6-12 months or is the spiralling cost of fuel + the economic situation going to kill the demand for cars like the Cayman? I haven't tried a trade in yet, but would consider a Volvo C30 1.6D. Don't know whether to cut my losses and do it now.
Building a new house this year so considering selling to cut my outgoings; there's still 29.5K on finance. Thought Porsches weren't meant to depreciate much, but I'm being offered 29-30K by outfits like "sellmyprestigecar". Porsche dealers sell cars like mine for £36-7K, and I know from personal experience they won't knock much off their prices, so how come I can't get 33-4K for mine? I don't have to sell now; would it be better to hang onto it for another 6-12 months or is the spiralling cost of fuel + the economic situation going to kill the demand for cars like the Cayman? I haven't tried a trade in yet, but would consider a Volvo C30 1.6D. Don't know whether to cut my losses and do it now.
Asked on 26 January 2011 by turbodogz
Answered by
Honest John
It all depends if there is someone out there who wants that particular car.
You could try a BCA Top Car auction. www.british-car-auctions.co.uk
The traders present may have orders or will ring around. They'll take a cut. But you might wind up with a better price. Always a gamble, of course. Very bad news on the economy yesterday that might simply be currency dealers speculating on a short term fall on Sterling, or might drag us all down.
You could try a BCA Top Car auction. www.british-car-auctions.co.uk
The traders present may have orders or will ring around. They'll take a cut. But you might wind up with a better price. Always a gamble, of course. Very bad news on the economy yesterday that might simply be currency dealers speculating on a short term fall on Sterling, or might drag us all down.
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