Buying Guide (2024)

A bit of a Porsche buying guide from from one of the UK’s longest established used Porsche specialist dealers. We’ve bought and sold around £200 million pounds worth of used Porsche cars over the years and we are still learning, every day really is a school day. If we tell you 10 things to look for there may be an 11th reason not to buy a particular car and sometimes it takes an extremely well trained eye to spot. We also use specialist diagnostic equipment which allows us to see beyond the immediately obvious. There is however some general advice we can offer when buying a used Porsche privately or from a dealer.

Service History

A good service history is critical for a number of reasons. It shows the car has been maintained to a high standard but it also helps shed light on the provenance of the vehicle. Without service history it would be easy to falsify mileage for example. When looking through a service history don’t worry too much what happened decades ago, if the car had new brake discs in 1995 they are unlikely to be still be on the car now. But if specific jobs are due or have fallen due recently have they been done? Spark plugs, brake fluid, polyrib (serpentine) belt and so on will all have routine replacement times.

Mechanical condition

This should be considered in conjunction with the service history. Just because the service history shows brake discs and pads were changed relatively recently don’t assume they are still in good condition. Look at the actual vehicle, ultimately this is the most important thing. For us mechanical appraisal is easy, we do it several times a day in our workshop. We appraise the whole car not just supposed weak points on a particular model. Buying a specialist car takes specialist skills. There is no shame in holding your hand up and using experts. We have had some very difficult conversations over the years with people who thought they knew best but ended up buying trouble.

Provenance

Is the car actually the car it says it is. Porsches are high value items so there is a strong incentive for those of less honest character. There are some online checks you can carry out surrounding V5 registration documents, MOT certificates and so on but use common sense as well and once again look at the actual car. If someone is supposed to have owned a car for 5 years it would seem odd if they struggled to answer basic questions. Are all the physical markings such as chassis or VIN numbers and build numbers in the right places and correct for that particular vehicle. As marque specialists we know to within fine tolerances what everything should look like.

Document checks

We have been members of HPI for more than 30 years and check all cars across their database as a matter of course before purchasing. It’s worth mentioning that not all consumer data check services cover outstanding finance on vehicles for instance.

Accident damage

Whilst you can easily change worn tyres or a leaking oil seal, badly repaired accident damage can never be corrected. We don’t mind corrective paintwork to repair stone chips or minor altercations providing they have been carried out to a high standard but we are looking for original metal panels. Once a car has been badly damaged there is little you can do to restore integrity. Again decades of Porsche experience means we know what to look for.

Ownership

A Porsche isn’t something which is bought new then run until it falls apart. People change cars to experience the latest innovation or to discover new models. Even within one model there are a number of variations which enthusiasts might want to explore. The GT cars in particular are owned by enthusiasts always keen to broaden their horizons. The average ownership for a Porsche is probably around 18 months so number of owners on older cars isn’t really something to base your buying decision on. Treat each car as you find it. You also tend to find that each change of ownership corresponds with the car being brought back up to optimum condition.

Price

It’s funny, people looking to buy cars search what’s out there starting from the cheapest upwards, people looking to sell cars start at the most expensive working downwards. Particularly as cars get older there is a huge variation in condition and you can’t rectify a bad car for anything like the monetary saving over a prime example. Some cars advertised have been there since the dawn of time and will never sell. Again, for us it’s easy because we have an intimate knowledge of what sells and what doesn’t. We don’t just track our own sales we look across many platforms and combined with our understanding of relevant condition feel able to make fairly accurate predictions.

Specific options

Particularly as cars get older there is a huge variation in terms of condition. You need to buy the best example you can find but if you throw in limitations that won’t happen. Searching for a particular colour car with specific options means you vastly limit the pool of cars from which to make a selection. We wouldn’t suggest compromising to the extent of a bright Pink car with a vibrant yellow interior but try to bring as many cars as possible into scope. It will result in a better car for potentially less money.

We hope you’ve found that useful. It isn’t intended as an exhaustive list but more a catalyst for future discussions. If you want to chat through any aspect of buying or selling a Porsche please don’t hesitate to get in touch either by email or phone.

Continued sales success means we are actively looking to acquire used Porsche stock – call today

911virgin.com – 01895 255222

Buying Guide (2024)

FAQs

What makes a good buying guide? ›

Your buyer's guide content should:
  • Highlight the features and details of your product or offer. These are great for items that have a lot of specific features that might help make the sale.
  • Teach your audience how to use your product or offer. ...
  • Compare your offerings with those of similar companies. ...
  • Offer solutions.
Aug 31, 2022

What are three things the Buyers Guide includes? ›

What Should A Buyer's Guide Include?
  • Product functionality. Your buyer's guide should tell your customers the uses for which your products are best suited. ...
  • Accurate product descriptions. ...
  • Prices. ...
  • Product specifications. ...
  • Comparisons between other products. ...
  • A call to action.
Sep 21, 2022

What is the purpose of the buyer's guide? ›

The purpose of a buyer's advice guide is to provide consumers with the key information they need to make an informed buying decision. Don't describe just the cost of the product, you need to provide experts' advice on all the aspects of the offer.

How do I know if I really want to buy something? ›

How do you determine if you should buy something? A good first step is to determine whether a prospective purchase fulfills a need or is simply something you want. If it fills a need, you can go ahead buy it, as long as you can afford it. If it's a want, you might next consider why you want to buy it.

What are the 4 most important things you need to buy a home? ›

What do you need to buy a house?
  • Credit score / debt-to-income ratio. To get a home loan, you'll need to meet the lender's credit score and debt-to-income ratio (DTI) criteria. ...
  • Proof of income / job history. ...
  • Down payments / closing costs. ...
  • Mortgage lender.
Dec 13, 2022

What are 3 things you might look for when buying a house? ›

Here are some things to consider when buying a house as a first-time home buyer or a seasoned pro:
  • Price. For many prospective home buyers, a home's purchase price is their biggest concern. ...
  • Location. ...
  • House Size. ...
  • Property Taxes. ...
  • Homeowners Association (HOA) ...
  • Amenities.
Mar 18, 2024

How do you promote a buyers guide? ›

Use social media, email marketing, paid advertising, or even guerrilla marketing techniques to generate interest and drive traffic to your guide. Engage with your target audience by providing valuable information that is relevant and useful.

What is the purpose of the buyer's guide quizlet? ›

What is the purpose of the buyers guide? To allow the consumer to compre the costs of different policies. If an applicant for a life insurance policy and person to be insured by the policy are two different people, the underwriter would be concerned about: Whether an insurable interest exist between the individuals.

When should the buyers guide be placed on a vehicle? ›

You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.

What is the free look period for buyers guide? ›

In many states, a law gives you a set number of days (usually 10 to 30 days) to change your mind about buying an annuity after you receive it. This often is called a free look or right to return period.

What is the buyers guide sticker? ›

General Information. Section 455.2 of the Rule requires dealers to prepare and display a window sticker called the “Buyers Guide” before offering a used vehicle for sale to a consumer. The Buyers Guide must disclose whether any warranty is offered and the basic terms of any warranty.

What is a major selling point when seeking a buyer's representation agreement? ›

What is a major selling point when seeking a buyer's representation agreement? Buyer agents can negotiate the best deal in the shortest amount of time. How can a buyer's agent assist the buyer when a seller is asking for an inflated price for a property? Act as a negotiator.

How to buy things without guilt? ›

Following these four tips will help you stop feeling guilty whenever you go shopping.
  1. Buy things you care about. Consciously think about what you value and what you don't. ...
  2. Choose your company wisely. The people you surround yourself with can be the biggest influence on your spending. ...
  3. Find your frugal. ...
  4. A money challenge.
Jul 6, 2023

What is it when you buy something without thinking? ›

Impulsive shopping involves buying items that a person was not planning to purchase.

Why do I feel bad when I buy something expensive for myself? ›

It's about maintaining control. Long ago, we learned that it wasn't safe to put ourselves first, so we don't dare to risk it. Perfectionists like us do NOT feel comfortable loosening the tight rein we've placed on ourselves.

What are five things to consider before buying a house? ›

Here are some key criteria to consider when buying a home:
  • Price. What can you afford to spend on a property? ...
  • Location. The neighborhood, city, town or state you want to live in is almost as important as a home's amenities. ...
  • Commute time. ...
  • Schools. ...
  • Home type. ...
  • Design and upgrades. ...
  • Condition. ...
  • Space.
Jun 21, 2023

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