Egar09Anyone have any insight on purchasing a Porsche at auction? Specifically, Manheim auctions. I have a dealer friend whom I worked with before but he's never picked up a Porsche... I'm looking for a 08/09 Cayman S with tip/pdk.
Porsche dealers will keep the best trades and send the one's they are concerned about to an auction. A non Porsche dealer may have a nice car but does not have clients that are looking for a Porsche, so it goes to the auction. The problem is that you do not have the time to get complete information on the car, so its a **** shoot, you could get lucky or buy a problem.Hmm... Interestingly I am doing the exact same thing. A friend of mine who used to work at the dealership is doing auction cars now... When I voiced the same objections as "Falcon7" here, he asked me "Where do you think the dealer gets his used cars?" ;-) good point, some trade-ins, some dealer cars come from those auctions, some go there if they take too long to sell... It's not a dirty word... The trick is for the guy who is on site to know a little about the value of options, check for obvious leaks or issues, but you can score a car about $6-10K less than what you'd pay for a CPO. All day, price wise...
Problem is: there are not very many Caymans at auctions, because there aren't very Caymans on the market...
Interesting. Is this their auction in PA or FL you've been to? From what I understand, they only let those registered with dealer credentials in the auction (at one time I think they allowed a guest to accompany the buyer/dealer).Wow haha, I actually have been to that auction. You really have to pick the day you go to auction because some are used Foreign days, Some days are BRAND NEW cars being sold.
GET THERE VERY EARLY, even try to go in to check the car out the night before if possible as you will no time when it is in auction (each car gets 2 mins max).
Figure out payment with your friend as the auction required full payment within hours of purchase (they need certified check, etc.). Definitely ask your dealer friend about the payment options.
Watch the car onto the lot you are interested in drive around the lot (especially if used).
There will more than likely be many Supercars (Lambos, Ferrari's, Bentleys) so don't get distracted! :hilarious:
This is the most really you need to watch for. That auction is not Barret-Jackson sytle where there are paddles, its a very quick auction (usually with 20 or so booths open) so make sure you know as much about the car as possible.
BTW, if you need accommodations, I can get you a nice discount for the Hampton Inn of Manheim for your stay.
Pa auctionInteresting. Is this their auction in PA or FL you've been to? From what I understand, they only let those registered with dealer credentials in the auction (at one time I think they allowed a guest to accompany the buyer/dealer).
I'm doing this next week. My friend will not be there but has a couple people on the ground there. I'm a bit concerned but they sound confident that CarFax and their other means are adequate. Is CarFax adequate? What else can you do?Anyone have any insight on purchasing a Porsche at auction? Specifically, Manheim auctions. I have a dealer friend ..