Anyone heard of IBUYPORSCHES.COM?!

PorscheFan11 · 10:14 AM

Last year I was contacted by Dave Maxwell (Owner) of IBUYPORSCHES.COM.

He sent me an email and made me an offer after seeing my ad on Craigslist.

I have never heard of them before, but he is a Mass Buyer from Oregon who works with a dealer called VictoryMotorCars in Houston Texas. He buys up all the used Porsches in the United States at wholesale price.

At the time I was just thinking about selling my White Porsche but I decided to wait another year. I recently thought about getting in touch with him again, but I really want to make sure I am making the right choice and avoid getting ripped off or scammed. This car means the world to me, it was my Fathers before passing it down to me.

Has anyone heard of this guy Dave Maxwell, or IBUYPORSCHES.COM or even Victory Motor Cars in Houston Texas??!

Could really use some opinions and help on this one!!

Zeke · 11-04-2010, 11:06 AM

You already know enough. The guy is a buyer and lots of retailers have buyers scouring the country for cars. They will offer a very low price and fast cash. It's a numbers game where they get one in ten or twenty or even thirty.

Why would you sell your father's car that means so much to you this way?

You can get in touch with a local PCA chapter and see that the car goes to a member who will appreciate it. Beware, there are flippers everywhere, even in this down market.

Or present the car here to us with pics and some details. You will get a nice consensus of pricing and probably an offer or two.

Good luck to you.

PorscheFan11 · 11-04-2010, 11:34 AM

Thanks Milt!

You make some pretty good points. I'm honestly in a tuff spot right now and only decided to quickly sell the car because my family is about to have a new baby soon. My father was the one who assisted I do this, selling the Porsche will really help us out right now and the best thing to do.

Great suggestions though, and I actually did figure out what it is worth and I was offered just a couple thousand below asking price. I'm really just interested in people's experience with WholeSale buyers and private dealers when it comes to Porsche's.

I'm curious to know the background/history of IBUYPORCHES as well as the dealership in Houston and if anyone has worked with them or heard of them. Is it worth taking a chance?

dienstuhr · dienstuhr's Garage

Do a search on the 911 Technical Forum for Victory Motorcars in Houston and you will find plenty of reading material.

Cheers

d.

SKM · 11-04-2010, 05:19 PM

Agree with above comments about wholesale offers being low and you can do better selling to an end-user. I actually accepted an offer from Maxwell and then he never delivered. All talk, no action. Maxwell then had the nerve to call me a few weeks later and he offered less. An offer from him means nothing. It's just talk. He'll weasel his way out if it suits him. I also accepted an offer from Victory at one time and they reneged as well. Same advice there.

Christien · Christien's Garage

Victory Motorcars has a pretty bad reputation here on Pelican, but if you're selling the car, who cares - dollars are dollars.

As for wholesale buying, it's usually perfectly legit. It's an easy way to get out of a car, for under retail value, because dealers have to buy at wholesale prices and sell at retail to make a profit, same as any other business. I do the same thing. Basically, the lower price is justified by saving the seller the time and effort of selling a car to a retail customer. Sometimes selling is easy, but usually it's quite time consuming, and loaded with tire kickers. You will ALWAYS make more money selling privately. It will also almost always require more effort and time. Again, it's like anything else in life.

What are you trying to sell? I'm always looking for inventory for my dealership, and because we're in Canada where prices are higher, sometimes we can offer more than US dealers. It'll still be less than what you'll get if you get full retail asking price in a private sale, but it'll be somewhere in between that price and what a US dealer is likely offering you.

PM me if you want to discuss in private, or, if you want, post the details, pics and what Maxwell offered you, and I'll post what I'll pay for the car, and the rationale behind the offer. No BS on my end - if it's something I'm looking for, I'll name a price, and if you like it, it'll go to PPI.

demax · 12-08-2010, 05:32 PM

I saw this blog about me. Yes I buy lots of Porsche's. At fair market prices. I have bought a thousand or more of these cars and yes I have backed out of a few deals. I have never cheated anyone and if I backed out of a car there is a problem that popped up. The bottom line is I am buying Porsche's everyday and if you have one for sale let me know, as you might be pleasantly surpized. Look forward to hearing for you all.

David Maxwell
503-381-4925 cell
IBUYPORSCHES.COM

SKM · 12-09-2010, 10:13 AM

Dave Maxwell stated: "and if I backed out of a car there is a problem that popped up."

Just to be clear, no problem "popped up" with the car.

So the problem must have "popped up" on Dave Maxwell's side of the transaction.

It seems to me that if you want to sell your Porsche to a dealer, you might do better approaching the dealers directly rather than working with a middle-man.

demax · 12-09-2010, 10:27 AM

As my business is based on volume, I always want to buy as that is how I make a living. In a dozen years and over a thousand 911's and turbos I have backed out of a hand full of cars. The flavor of the Porsche biz is very up and down these days and more down than up. As anyone that has a Porsche for sale these days the phone is not ringing off the hook. If I backed out of your car, I will say sorry, and not sure what happened as I don't know the car. Most of the time it is the car and again a hand full of cars in 12 years and well over a thousand Porsche's. My love for the cars, market is as much as anyone! If you want to talk about your car call me. 503-381-4925
David Maxwell

GregB7S4 · 12-09-2010, 10:28 AM

Dave Maxwell called me when I had my 993 for sale. He went off on a long winded sales pitch that my car would never sell to anyone but him, he is the only person buying Porsches in the country, the economy is terrible, my asking price is too high, etc etc. The sales pitch was a total turn off (I am surprised it works on anyone!). I would have passed regardless as I wanted to sell to an enthusiast and not a broker.

demax · 12-09-2010, 10:42 AM

Again I can only please some of the people some of the time, And not all the people all the time. Sorry guys if you didn't work with me, that's fine. Ya sometimes I talk alot but I just want to buy your Porsche's and nothing more. For the numbers I have done I am very proud to listen to your overview of my company and myself. And thanks to those that support me, and the ones that don't.
David Maxwell
IBUYPORSCHES.COM

nile13 · 12-09-2010, 03:42 PM

Quote:

Originally Posted by demax

I just want to buy your Porsche's and nothing more.

Now help us understand, David. You want to buy our Porsche's what, exactly?

SKM · 06:58 PM

In my transaction, your excuse for reneging on your offer was that your "dealer" did not need it anymore. That indicated to me that you are a bird dog for a specific dealer.

Regardless of who you work for, what you do and how you do it, sellers will do far better selling to an end-user enthusiast rather than selling to you at wholesale prices.

SKM · 05:51 PM

Yes, I was surprized. You reneged on your offer.

It's not just my experience, here are posts from the Rennlist forum regarding Dave Maxwell's tactics:

http://forums.rennlist.com/rennforums/993-forum/312550-victory-motor-cars-and-dave-maxwell-any-stories.html

http://forums.rennlist.com/rennforums/993-forum/364310-scam-victory-motorcars.html

dave m · 12-12-2010, 01:03 PM

Quote:

Originally Posted by PorscheFan11

Could really use some opinions and help on this one!!

No reason to sell to a guy like this unless you're really desperate and in a big hurry. Even then who knows what he'll say/do.

Offer it here or/and rennlist. Eliminate the middle-man.

Good luck.

RatBox · 12-21-2010, 07:35 AM

If you are wise , you will never respond to wanted ads (unless you can tell it's an end user for a specific part or piece - even then it's shaky).

Dealing with the 'wanted' ad types is a big time waste / stroke , they are invariably 99% of the time low ballers. If you want offers from them, let them come to you.

If what they seek was easy to find at the price they are willing to pay. They would not be placing ads in the first place. Their just playing a numbers game, believing that a certain amount of desparate or unknowing 'fish' will bite.

demax · 12-22-2010, 01:11 PM

Quote:

Originally Posted by SKM

Agree with above comments about wholesale offers being low and you can do better selling to an end-user. I actually accepted an offer from Maxwell and then he never delivered. All talk, no action. Maxwell then had the nerve to call me a few weeks later and he offered less. An offer from him means nothing. It's just talk. He'll weasel his way out if it suits him. I also accepted an offer from Victory at one time and they reneged as well. Same advice there.

What really happened

If this is your car we talked but we never got to a PPI or me assigning a car number to buy your car. Therefore I did not make a deal and back out. I have bought over 1,000 Porsche's and have backed out of a hand full but I never put your car in the system to buy. Never the less the car below is still for sale by the dealer you sold it to and the car is a Dog. Blue interior and a TIP trans is a very hard combo and I don't buy blue interior as a rule. I like most of you guys and because of this thread of you trashing me my phone had rang off this forum, thanks. I run a straight car business and never have burned anyone. Good luck in your Porsche ventures. Dave

1998 Porsche Carrera Cabriolet
Glacier White with Midnight Blue Leather
WP0CA299XWS340647
Tiptronic S Transmission and Desirable Factory Options
44,000 Miles
Last Year for Classic Air-Cooled 911

SKM · 12-22-2010, 04:15 PM

Not so fast there Dave. If the car was a "dog" why did you call twice over a period of two months trying to buy it? After the first offer, you backed out stating your dealer had two many cars. Then you called back a few weeks later with new interest and a lower offer. I don't know anything about you having to enter a car into a system for it to be a geniune offer. When a person makes me an offer, I assume it is a geniune offer, not offer bait to lure me in and then back out or low ball me later.

demax · 12-22-2010, 04:31 PM

Quote:

Originally Posted by SKM

Not so fast there Dave. If the car was a "dog" why did you call twice over a period of two months trying to buy it? After the first offer, you backed out stating your dealer had two many cars. Then you called back a few weeks later with new interest and a lower offer. I don't know anything about you having to enter a car into a system for it to be a geniune offer. When a person makes me an offer, I assume it is a geniune offer, not offer bait to lure me in and then back out or low ball me later.

Again these are the real facts. You had no deal to start with!

When ever I buy a car I read a sales agreement and assign a car # and put the car in the system for a PPI and then funding. Your car never made it to that phase. If I called twice and offered money that is how it starts. But no car # or sales agreement means YOU NEVER HAD A REAL DEAL except in your on mind. Sorry fact. I never read you my sales agreement and never assigned a car #. You only wish that our talk would turn into a sale. Again over a thousand Porsche's and less than a hand full of cars I didn't work with. Guys like you are making the phone ring. Thank you! and have a happy holiday!

SKM · 04:59 PM

My understanding was that when a dealer or wholesaler makes an offer to buy a car, they can, and will, actually write the check and buy the car.

Your approach as a bird dog appears to be different. You state a low price, enter it into the "system" of your dealer, order a PPI, work down your low price offer to a lower price based on the PPI result, read the seller your sales agreement, and then perhaps your dealer buys the car.
Since you did not explain any of this to me, I did believe that you were making an offer. My mistake.

I did ultimately sell the car to a dealer who made an offer and wrote the check on the spot. No B.S. such as entering the car into a system, etc.