brokers and cars

[pavulon]

I admit to being against the idea of brokers. I admit that I am powerless over some nice cars being represented by brokers. Having said these things, has anyone here bought a car from Richard Sloan? If so, I'd like to hear about your experience.
Thanks,
Scott

[ossiblue]

No experience but a quick search turned up this link:

http://forums.pelicanparts.com/showthread.php?t=175318&highlight=richard+sloan

Nothing negative or positive really, but check out the advice on the last post. Hope this helps.

[the]

Your not buying a broker, you are buying a car. IMO the same rules apply no matter where the car is coming from: Be very skeptical of claims being made, get a thorough PPI done, esp. on any Porsche that is being bought for any significant amount of money.

[Macroni]

[QUOTE=the;4473872] Be very skeptical QUOTE]

emphasis on VERY

[TheGanzman]

So - How 'BOUT those Knicks?!

[RacerX1166]

I didn't buy a car from Richard but I spent hours on the phone with him regarding a car he was potentially brokering (see my thread below on my search for a G50). He talks a LOT, to the point where I had to pull the 'making my own static' move on my cell to get him off the phone. He's also a shameless self-promoter and has no issue telling you how he built a company from the ground up, sold it for trillions, and went full time on his passion for Porsches.

I can't say I trust him more or less than anyone else selling these cars (Holt, Truspeed, etc.).

To say that you are powerless is a gross overstatement. While they can get to cars more quickly than you (people call them first to sell their Porsches), you still have the same power of doing your own research, insisting on a PPI, etc. In fact, Richard was fine with a PPI and told me that his contract, on consignment cars was ironclad (his son's an attorney) where any issues found would be covered by the owner of the car. I'll also mention that Richard is not the expert he makes himself out to be. I nailed him pretty well on a car he claimed was an 88 CE when, in fact, it was just a nice 88 in Diamond Blue Metallic.

I'll make the same comment here I've made so many times. At the end of the day, despite the fact that they're inventory consists of much tastier faire than the average, these guys are all just used car salesmen.

[RacerX1166]

http://forums.pelicanparts.com/showthread.php?t=455482

The car I bought from Tim Holt was everything he said it would be and is for sale by the way.

Sorry for the shameless plug.

[trader220]

I had the displeasure of meeting Richard Sloan a couple of years ago at the Hershey meet. He was selling an Sc which was a targa to cab conversion with a wide body conversion. The car was so so and had 98k miles on it. The car was also splashed with more armorall and gloss then any car needs. He and his cronies we yucking it up as they stood around the car where people who didn’t know exactly what the car were looking at it. I struck up a conversation with one guy who was interested in the car and I told him exactly what the car was and how it got to look the way it did. Still Richard was asking a very high price but I told the other gentleman what I thought was a reasonable price for the car and what I would offer him for starters. I watched in horror as this guy spoke with Sloan and offered him X dollars subject to a PPI. Sloan and his pals proceeded to laugh at him and treat him rudely. After the guy walked away Sloan made a point of telling others around the car not to bother him unless they were ready to pay his price. Then he and his buddy’s sort of held court around the car.
Now, that being said, it does not mean you cant buy a car from him. Just because he rubbed me the wrong way, that’s only one guys opinion. Forget the sellers personality, if he has a car you really like you can always inquire about it and do your own DD.
On the other hand I would not expect to get any sort of ‘deal” from him looking at the prices on his web site generally makes me laugh.

Good luck let us know how it works out. Which car are you looking at?

[Paul T]

Originally Posted by RacerX1166

http://forums.pelicanparts.com/showthread.php?t=455482

The car I bought from Tim Holt was everything he said it would be and is for sale by the way.

Sorry for the shameless plug.

I'll second that, I've dealt with Tim in the past and always found him to be fair and honest.

[Cal44]

Salesman....... shifty eyes and bad shoes

[car-reras]

Originally Posted by RacerX1166

http://forums.pelicanparts.com/showthread.php?t=455482

The car I bought from Tim Holt was everything he said it would be and is for sale by the way.

Sorry for the shameless plug.

...this I would point out is a great example of one of the major problems with these 'brokers'....overpaying...can make resale a real *****.

If you know what your looking at/for but don't want to invest anytime in finding a nice example, overpaying doesn't haunt you every time you look at it and enjoy someone blowing smoke up your axx, usually with far less knowledge of the car than you...or, if you don't know what you are looking at/for and don't plan on ever finding out, then yes, I would go with Holt and/or others.

I personally don't understand how any sense of satisfaction or reward could be derived by such a compromise.

Treat yourself to the hunt, you just might realize you've been missing out on one of the best parts of the Porsche experience, and save a bunch of cash, which is kinda nice too.

[trader220]

Originally Posted by car-reras

...this I would point out is a great example of one of the major problems with these 'brokers'....overpaying...can make resale a real *****.

If you know what your looking at/for but don't want to invest anytime in finding a nice example, overpaying doesn't haunt you every time you look at it and enjoy someone blowing smoke up your axx, usually with far less knowledge of the car than you...or, if you don't know what you are looking at/for and don't plan on ever finding out, then yes, I would go with Holt and/or others.

I personally don't understand how any sense of satisfaction or reward could be derived by such a compromise.

Treat yourself to the hunt, you just might realize you've been missing out on one of the best parts of the Porsche experience, and save a bunch of cash, which is kinda nice too.

I would agree with you in many cases but with a guy like Tim he knows more and understands more about air cooled then just about anyone. Yea you pay a premium for his cars but some people just dont have the time or skills for the hunt.

[RacerX1166]

Originally Posted by car-reras

...this I would point out is a great example of one of the major problems with these 'brokers'....overpaying...can make resale a real *****.

If you know what your looking at/for but don't want to invest anytime in finding a nice example, overpaying doesn't haunt you every time you look at it and enjoy someone blowing smoke up your axx, usually with far less knowledge of the car than you...or, if you don't know what you are looking at/for and don't plan on ever finding out, then yes, I would go with Holt and/or others.

I personally don't understand how any sense of satisfaction or reward could be derived by such a compromise.

Treat yourself to the hunt, you just might realize you've been missing out on one of the best parts of the Porsche experience, and save a bunch of cash, which is kinda nice too.

Define overpaying. If a car sells at a price that is agreeable to both the buyer and seller, then it defines market price. This is the case, regardless of how the market is influenced by outside factors, such as the supply of a certain commodity being hoarded by certain individuals.

Time for a rant: One of the things that yanks my chain about some of the people on this and other boards is their ability to quickly point out how a car is overpriced or 'you paid too much'. In my case, I had certain criteria which this car met.

For those that are so quick to cry 'you overpaid', I challenge you to put your money where your mouth is and cough up a lower mileage, no issue, blue G50 coupe with no spoilers at 20% lower than what I paid. If, and only if, you are able to do so, feel free to comment at will about how folks overpaid for their car. Until then, well, you know.

[car-reras]

Originally Posted by RacerX1166

Define overpaying. If a car sells at a price that is agreeable to both the buyer and seller, then it defines market price. This is the case, regardless of how the market is influenced by outside factors, such as the supply of a certain commodity being hoarded by certain individuals.

Time for a rant: One of the things that yanks my chain about some of the people on this and other boards is their ability to quickly point out how a car is overpriced or 'you paid too much'. In my case, I had certain criteria which this car met.

For those that are so quick to cry 'you overpaid', I challenge you to put your money where your mouth is and cough up a lower mileage, no issue, blue G50 coupe with no spoilers at 20% lower than what I paid. If, and only if, you are able to do so, feel free to comment at will about how folks overpaid for their car. Until then, well, you know.

I see your point. My M491 Cabriolet has much less miles (51K), spoilers, and it's not Blue, so I guess the fact that I got it over 20% cheaper than you did through a private sale doesn't count. My apologies.

[car-reras]

Originally Posted by RacerX1166

Define overpaying.

paying too much.

[car-reras]

Originally Posted by RacerX1166

Define overpaying. If a car sells at a price that is agreeable to both the buyer and seller, then it defines market price. This is the case, regardless of how the market is influenced by outside factors, such as the supply of a certain commodity being hoarded by certain individuals.

Time for a rant: One of the things that yanks my chain about some of the people on this and other boards is their ability to quickly point out how a car is overpriced or 'you paid too much'. In my case, I had certain criteria which this car met.

For those that are so quick to cry 'you overpaid', I challenge you to put your money where your mouth is and cough up a lower mileage, no issue, blue G50 coupe with no spoilers at 20% lower than what I paid. If, and only if, you are able to do so, feel free to comment at will about how folks overpaid for their car. Until then, well, you know.

...but mine is a G50 though, 1 out a 4 ain't bad....

[RacerX1166]

Originally Posted by car-reras

I see your point. My M491 Cabriolet has much less miles (51K), spoilers, and it's not Blue, so I guess the fact that I got it over 20% cheaper than you did through a private sale doesn't count. My apologies.

I'll admit you got a good deal on your particular car however you are correct; it doesn't count and your apology is accepted. We were speaking of how I overpaid on my particular car. As you pointed out, other than being a G50 Carrera, they are pretty different cars. I can find really nice blue 915's in the low 20's all day right now but, again, not the same.

To embellish your eloquent definition, paying too much means that one can purchase a similar item at a lower price.

In order for you to prove I had paid too much, all I'm asking you to do is produce said similar item at a lower price. It doesn't even have to be Baltic blue; it could be Diamond Blue or any other blue that you find.

If you can offer proof of such a car's existence, I will bow down to you and admit I paid too much. Until then, I say I paid a reasonable price. It's pure marketing and economics.

However, I searched rather extensively for over 6 months, drove a few cars, talked to a ton of people, have a gig or more of photos sent to me, put money on another car (similar price, btw), and this was about the best out there.

That leads me to another point to muddy the waters; if I see a car that fits my criteria, is considerably overpriced but I have the means to purchase said car because I don't want to wait. Am I still paying too much or is there value in the premium I just paid because I got the car I wanted without having to search high and low for a better deal? If you say I still overpaid, also confirm you've never paid airfreight on any purchase you've made.

Please feel free to use this thread to begin posting info on the blue G50's you find.

[salukijac]

Racerx1166
I don't know if you over paid for your car (I don't know what you paid) and it really doesn't matter to me. I know you paid a premium. That's what happens when we're specific about what we want...it narrows your choices.

I know because I was willing to pay the same premium for the same kind car you bought. Some of us settle...some of us don't. I think for the most part you pay a premium when you go with the Holts and Truspeed but if they have the car you want, then you buy it.

But be realistic, you're not going to recoup the money you invested if you have to sell the car.

Bottom line, it's your money and I hope you get to keep the car for a long time and enjoy it.

[trader220]

Racer in all fairness when you first looked at the car you ended up with you said it was just about out of the question paying a price Tim would sell you the car at and you made some comments about guys like him who run their business around air cooled cars.

For the record , one trade which is higher than the mean price does not set the market. If 342of the March XYZ 50 calls traded today and they all traded at a implied level of 31, 32, or 33 volatility but there was a 10 lot that traded at 36 IV then someone paid too much. The buyer may have been pleased with his purchase at the time but that does not set the market.

car-reras I dont know what you paid for your car but thats a heck of a lot rarer than the blue g50 coupe

[car-reras]

Originally Posted by salukijac

Bottom line, it's your money and I hope you get to keep the car for a long time and enjoy it.

I couldn't say it any better than this.