30k Pelican Flip Try

[6300 RPMs]

Couldn't sell it on fleabay for months at 75k, why not try 85k... LOL

http://forums.pelicanparts.com/porsche-cars-sale/815274-1991-porsche-965-turbo-evolved-930-a.html

Bought it here for 55k in February.

Ad deleted:

http://forums.pelicanparts.com/porsche-cars-sale/792410-1991-porsche-911-turbo.html

This one still up:

1991 Porsche 911 Turbo

[christiandk]

Originally Posted by 6300 RPMs

Couldn't sell it on fleabay for months at 75k, why not try 85k... LOL

http://forums.pelicanparts.com/porsche-cars-sale/815274-1991-porsche-965-turbo-evolved-930-a.html

Bought it here for 55k in February.

Ad deleted:

http://forums.pelicanparts.com/porsche-cars-sale/792410-1991-porsche-911-turbo.html

This one still up:

1991 Porsche 911 Turbo

Whats up with the seats... N'awlens or Sandy car?

[speednme1]

Originally Posted by 6300 RPMs

Couldn't sell it on fleabay for months at 75k, why not try 85k... LOL

http://forums.pelicanparts.com/porsche-cars-sale/815274-1991-porsche-965-turbo-evolved-930-a.html

Bought it here for 55k in February.

Ad deleted:

http://forums.pelicanparts.com/porsche-cars-sale/792410-1991-porsche-911-turbo.html

This one still up:

1991 Porsche 911 Turbo

This is still the USA..right? more power to him if he can flip it..and get his price. It's not illegal and morally in my eyes there is nothing wrong with it. I remember when I was looking, there was a car that had sold local to me. I would have gladly paid $10k over what the new owner paid. I even contacted the new owner but he never got back to me. Then he decided to sell but it was too late as I already had purchased one. Truth is, he got there before I did. The car was exceptional. Would have been an easy flip for the owner....and still a great buy for me..

[pmax]

I drive 4 or 5 different 930's week in and week out as I manage a large collection in Colorado
...
$85,000/ Offer

Mike 303-358-2241

Dealer or private hoarder ?

[speeder]

You forgot BSer.

[BK911]

Beautiful car.

[COLB]

Originally Posted by speednme1

This is still the USA..right? more power to him if he can flip it..and get his price. It's not illegal and morally in my eyes there is nothing wrong with it. I remember when I was looking, there was a car that had sold local to me. I would have gladly paid $10k over what the new owner paid. I even contacted the new owner but he never got back to me. Then he decided to sell but it was too late as I already had purchased one. Truth is, he got there before I did. The car was exceptional. Would have been an easy flip for the owner....and still a great buy for me..

Fair enough, but I think it is a public service to the community to share information on pricing.

This is still the USA, and freedom of information applies -- even though car dealers do their best to carve out protected space for rent-seeking.

If a dealer is selling a car for $30k more than he paid for it, particularly with no value added, that is useful consumer information -- a potential buyer has at least some basic data about what money a dealer might have invested in the car, allowing him to negotiate a price more in line with market realities.

Car dealers are free to price their cars at whatever price they want -- but they can't expect to be protected from disclosure of public information.

[speeder]

Yessir! God Bless America. ++

[galileo]

I try not to count other peoples money, I count my own . Had he paid $25k and then put a price of $55k on it we would not be having this discussion nor would the buyer care.

[bpfordfan]

I have been a collector or "private hoarder" as some call it, for over 30 years and I just dont understand this way of thinking. I have bought some of my best cars from guys that look every day for the really good cars, and if I like the car and the price I did not give a hoot if they got it for free!!! I got a good car at a price I was happy with, and he made money. So what!

So let me get this straight? If I just bought a 69 S for 10K and said I wanted 100K would you be happy to buy it for that?? Or salty that I would make some money??? I would buy that car all day long, shake your hand and tell you thank you!!!!

"public service to the community to share information on pricing." come on!!

Should we all post our W2'S??? I think that is only fair. Do we all get a trophy too???

[pmax]

Simply put, a private hoarder collects cars without driving them regularly.

That's just sacrilegious for 911's.

[RacerX1166]

Originally Posted by bpfordfan

if I like the car and the price I did not give a hoot if they got it for free!!! I got a good car at a price I was happy with, and he made money. So what!

In general, I tend to subscribe to your MO. If I feel that I got what I paid for, I tend to be happy with my purchase. Buying my first two Porsches worked fine in that respect. I knew what the market value was for each car and offered accordingly; a fair but firm offer. Just as I'm happy to pay fair market value for what I want, I'm not going to overpay either. Yes, you found the car I'd like to buy and I'm fine with you making some profit on that (because capitalism works) but I'm not paying you more than it's worth.

However, with prices skyrocketing, it's hard to know what market value is at any one time, particularly on semi-rare items such as a 964 Turbo. Who knows what fair market is right now? (rhetorical question) Therefore, in the interest of not overpaying relative to the market, it's nice to have some sort of baseline to work from.

While I'm no fan of flippers (those that pretend to be collectors and/or that the car for sale was their personal pride and joy), I have no issue with the concept of selling higher than you bought. It's capitalism in action.

[COLB]

So let me get this straight? If I just bought a 69 S for 10K and said I wanted 100K would you be happy to buy it for that?? Or salty that I would make some money??? I would buy that car all day long, shake your hand and tell you thank you!!!!

I get your point, but this is a strawman argument.

A relevant comparison is if you just bought a 69 S (or whatever car) for 100k and slapped a price tag of $195k on it -- which is (lets say) $50k over a normal market price.

As a consumer, I would certainly like to know that you are into the car for $100k, so when I offer a fair price, and you come back with a sob story of how much you put into the car, how "there isn't an meat on the bone" etc., I know where a reasonable dealer will actually be willing to bargain.

Of course a dealer will sell higher than he bought -- it is a business, after all. But it is no crime for both parties to go into a negotiation with somewhat equivalent information.

So if a dealer just bought a car on this site -- and is now selling it on the same site for $30k more, presenting that information is a useful public service.

That isn't bashing flippers -- that is providing public information to potential buyers -- which is what I perceive this board is intended to do.

[Matt Monson]

Wayne is right. This forum has gone in the crapper, and PML isn't even taking daily dumps any more.

[MrBonus]

Originally Posted by Matt Monson

Wayne is right. This forum has gone in the crapper, and PML isn't even taking daily dumps any more.

How about you just calm down and we discuss a spattering of high-mileage Targas I find on eBay?

[aschen]

I think the car looks great and I love the color. I know of at least on 3.6 in the same color floating around which makes me hot and bothered.


I am not sure why discussions in this forum become emotional for some. I am a free market enthusiest and don't mind people trying to make money.

However, I think there is absolutely nothing wrong with notifying the community of the purchase price and terms of the last sale. Nothing wrong with reselling a car but nothing wrong with tipping off potential buyers as well.

[NYNick]

It isn't that complicated. Price it at whatever you want. Sell it or don't.

Or, buy it at whatever price you want. The market is created by people willing to pay a certain price for a good or a service. That's how prices are developed, and markets in general.

The rest is all just discussion.

[wgwollet]

COLB

WOW, you are unreal on describing situations against someone making money on a flip...who cares? Like people say...we live in America...it is totally legal...move on ............I agree, pricing is informative but bashing people making money is not cool...

[COLB]

Originally Posted by wgwollet

COLB

WOW, you are unreal on describing situations against someone making money on a flip...who cares? Like people say...we live in America...it is totally legal...move on ............I agree, pricing is informative but bashing people making money is not cool...

What? Where did I "bash people" for making money?

I just defended the OP who posted what the car sold for previously -- useful information for someone looking to buy it know.

Why is a anyone afraid of price disclosure? Especially on a board that -- according to its own rules -- is intended for private sales.

I get that "flipper bashing" is tiresome. Making money selling cars or anything else is "totally legit" -- completely agree. So is open discussion of public information. And if that helps a future buyer get a better deal from a reseller using this board to make money...well, I'm all for it. Nothing personal.

[Canine64]

Originally Posted by COLB

I get your point, but this is a strawman argument.

A relevant comparison is if you just bought a 69 S (or whatever car) for 100k and slapped a price tag of $195k on it -- which is (lets say) $50k over a normal market price.

As a consumer, I would certainly like to know that you are into the car for $100k, so when I offer a fair price, and you come back with a sob story of how much you put into the car, how "there isn't an meat on the bone" etc., I know where a reasonable dealer will actually be willing to bargain.

Of course a dealer will sell higher than he bought -- it is a business, after all. But it is no crime for both parties to go into a negotiation with somewhat equivalent information.

So if a dealer just bought a car on this site -- and is now selling it on the same site for $30k more, presenting that information is a useful public service.

That isn't bashing flippers -- that is providing public information to potential buyers -- which is what I perceive this board is intended to do.

Well said. Couldn't agree more.