luzzo Posted 20September, 2021 Report Share Posted 20September, 2021 1 hour ago, On the Limit said: Much talk about UK priced cars so I thought I'd run some numbers. Perfect. Thanks for sharing this and going to the effort of preparing the calculations. As you say, the "benefits and savings" of bringing cars from OS are often bandied about on here, yet the math & real $AU costs often never actually considered. Further, once you have purchased a New car in Aus (at around these price points) and seen & paid the added on Taxes, the pain is real - which somehow seems to make the second hand Aus delivered P-Car prices more justifiable. Quote Link to comment Share on other sites More sharing options...
symsy Posted 20September, 2021 Report Share Posted 20September, 2021 3 hours ago, On the Limit said: Much talk about UK priced cars so I thought I'd run some numbers. Clearly, Down Under we pay a much higher premium for our cars. See table below. If we had paid the same UK MSRP premium of 27%, the MSRP in Australia would have been reduced from $225,000 to around $186,585 OR roughly $38,000 less. Porsche 996 GT3 MK1 MSRP first published in May 1999 @ 179,500 DEM (German Deutsche Marks) MSRP excludes options costs, dealer delivery, stamp duty, and other government charges. May 1999 - First Published Manufacturer Suggested Retail Price in German Deutsche Marks 179500 AUD/DEM exchange rate in May 1999 = 1.22. Actual exchange rate varied from 1.04 - 1.31 during 2000 & 2001 1.22 You can still convert DEM to currencies like the EUR, USD & AUD today. There are still old pre 2002 DEM's around. The AUD exchange rate today is around 1.22 IE: the same as May 1999! Theoretical MSRP in AUD based on 1.22 exchange rate 147131 actual MSRP in AUD 225000 MSRP Premium = 53% GBP/DEM exchange rate in May 1999 = 2.97 Actual rate varied from 2.97 - 3.1 during 2000 - 2001 2.97 Theoretical MSRP in GBP based on 2.97 exchange rate 60438 actual list price in GBP 76,500 MSRP Premium = 27% AUD/GBP exchange rate in May 1999 = 0.41 0.41 Today this rate is closer to 0.52 which is around 26% higher than 1999 Theoretical MSRP in AUD based on GBP list price 186585 MSRP Premium = 27% So, is it worth buying that 996 GT3 MK1 from Piston heads assuming you don't want to wait 2-3 years to use it? Assume Buy price = 70,000 GBP. AUD/GBP spot exchange rate = 0.52 = 0.49/0.48 after currency conversion & commission charges. Likely buy price around $143,000 Next add 10% GST + 5% Import duty + 33% Luxury Car Tax refer to Tax calculator below which shows the numbers assuming your shipping costs are as low as $2000 which is conservative given current container costs are through the roof. Total additional costs = $54,317. That takes the sub total to $197,300 Then there is insurance, storage, delivery & logistics services charges. Customs brokers' and entry processing charges. Steam cleaning, aircon de-gassing/re-gassing and quarantine inspection charges. The list and paperwork go on. Let’s add another $2700 which gets us to $200,000. So for $200,000 AUD you now have a UK car in Australia that's worth 70,000 British Pounds Sterling. Yup pretty solid ...I wouldnt pay tax on all the 140k though the 69k GBP cars were valued at 49k last week .. there is no reference... I think get a receipt for the 45k and be done with it and pay the tax... the rest of the invoice goes on a separate transaction as maintenance and engine repairs . Any better exchange rate , wholesale would get you started doing math at 82k against your 45k , even XE.com quote the rate at 45kgbp = 83 aud something Come on skin that cat the cheap way .. not the Porsche dealer way..... and then you have a differential against the 290k that was the latest ask.. Remember also to try buy private so you dont pay the VAT in ya price..or have it delivered directly to bonded area for export thats another 20% saving When in England hustle like the geezers ... ok ..😀 Mike-S 1 Quote Link to comment Share on other sites More sharing options...
edgy Posted 23September, 2021 Report Share Posted 23September, 2021 On 09/09/2021 at 12:20, edgy said: We have NFI on price... frankly think they've picked up a meth habit during lockdown with their prices, and 3 x white goods Toyota's in their showroom... the wager is on time to sell! 2 weeks it is with an over & under... the loser buys $100 worth of Resch's 😛 because we are klassy like that... Looks like I owe @Blue964 $100 worth of Resch's as he appropriately called BS! 2 weeks on and it is unsold nor is it under offer.. Quote Link to comment Share on other sites More sharing options...
luzzo Posted 25September, 2021 Report Share Posted 25September, 2021 996.1 GT3 wheels on Gumtree in case anyone looking for a set. https://www.gumtree.com.au/s-ad/glenelg-north/wheels-tyres-rims/porsche-911-wheels/1281875595?utm_source=copylink&utm_medium=social&utm_campaign=socialbuttons&utm_content=android_VIP_sticky Price: $1,800 Negotiable Hoping these are in fact the correct sizes for 996.1 GT3 - rears are 10's (as opposed to the Carrera option wheel which is smaller iirc). micknine01 1 Quote Link to comment Share on other sites More sharing options...
smit2100 Posted 25September, 2021 Report Share Posted 25September, 2021 On 20/09/2021 at 19:18, symsy said: Yup pretty solid ...I wouldnt pay tax on all the 140k though the 69k GBP cars were valued at 49k last week .. there is no reference... I think get a receipt for the 45k and be done with it and pay the tax... the rest of the invoice goes on a separate transaction as maintenance and engine repairs . Any better exchange rate , wholesale would get you started doing math at 82k against your 45k , even XE.com quote the rate at 45kgbp = 83 aud something Come on skin that cat the cheap way .. not the Porsche dealer way..... and then you have a differential against the 290k that was the latest ask.. Remember also to try buy private so you dont pay the VAT in ya price..or have it delivered directly to bonded area for export thats another 20% saving When in England hustle like the geezers ... ok ..😀 I'm with you Symsy and question the wisdom of going into such a transaction / deal with a strategy of paying import duties on a circa 140k buy price. Different valuations on what they are worth depending on your perspective as I see it . I have a lot of faith in the independent valuation based on Redbook. Surely you would just print out the current valuation and stick that in the support file with a date of your search and even better if your private sale letter of what got transacted via EFT closely aligns with the redbook value, Even stump up for the glass guides price evaluation for a second opinion if your a skeptic. Current COVID tax. what tax is that. Even a 99 GT1 is worthless at circa sub 6 figures from those in the know and who derive income on their valuations for a living. . Quote Link to comment Share on other sites More sharing options...
micknine01 Posted 25September, 2021 Report Share Posted 25September, 2021 If a dirty old Ford is worth $1.3m, then a 996gt3 tourer is worth every bit of 300k IMO! luzzo, GTP911 and spiller 3 Quote Link to comment Share on other sites More sharing options...
symsy Posted 25September, 2021 Report Share Posted 25September, 2021 Just now, 901er said: If a dirty old Ford is worth $1.3m, then a 996gt3 tourer is worth every bit of 300k IMO! Its all in the stripes mate ... fat and bloated , I suppose you do get a few extra doors to get your value for money or is that scrap metal . Give me an imported english Sweeny Style Ford Granada any day.... Go the import .. Quote Link to comment Share on other sites More sharing options...
on_booost Posted 26September, 2021 Report Share Posted 26September, 2021 4 hours ago, 901er said: If a dirty old Ford is worth $1.3m, then a 996gt3 tourer is worth every bit of 300k IMO! Wow just wow..... No words..... def a museum piece no? Quote Link to comment Share on other sites More sharing options...
Alfa Miura Posted 26September, 2021 Report Share Posted 26September, 2021 A question on values, are the 'touring package' spec generally worth more or less than no-frills standard? Quote Link to comment Share on other sites More sharing options...
hugh Posted 26September, 2021 Report Share Posted 26September, 2021 3 hours ago, Alfa Miura said: A question on values, are the 'touring package' spec generally worth more or less than no-frills standard? A 996 GT3 delivered with the “club sport” (003) package will command a premium. Nomex seats, cage, extinguisher are 3 main distinguishing features. Alfa Miura 1 Quote Link to comment Share on other sites More sharing options...
luzzo Posted 28September, 2021 Report Share Posted 28September, 2021 On 23/09/2021 at 11:47, edgy said: Looks like I owe @Blue964 $100 worth of Resch's as he appropriately called BS! 2 weeks on and it is unsold nor is it under offer.. Now it's had a price drop... Down from $289,995 To $279,995 Porsche 911 GT3 996 Manual MY04.https://www.carsales.com.au/cars/details/2003-porsche-911-gt3-996-manual-my04/OAG-AD-20148247 Quote Link to comment Share on other sites More sharing options...
edgy Posted 28September, 2021 Report Share Posted 28September, 2021 46 minutes ago, luzzo said: Now it's had a price drop... Down from $289,995 To $279,995 Porsche 911 GT3 996 Manual MY04.https://www.carsales.com.au/cars/details/2003-porsche-911-gt3-996-manual-my04/OAG-AD-20148247 Fuck, lucky we didn't add a multi on that bet for a price movement! Quote Link to comment Share on other sites More sharing options...
Rick V Posted 1October, 2021 Report Share Posted 1October, 2021 It seems to have disappeared following the $10K price drop….. anyone clued-up?? Quote Link to comment Share on other sites More sharing options...
cafe_racer Posted 2October, 2021 Report Share Posted 2October, 2021 On 08/09/2021 at 20:38, SFZOOM said: Well this will be interesting $290K for a non CS 996.2 GT3 https://classicthrottleshop.com/2003-porsche-911-996-gt3-touring-mk-2/ Would have to be a record ask for a 996 GT3 other than Rusty French’s car! Well seems the car was pulled from CTS. I suspect it will pop up again soon elsewhere. 24 minutes ago, Rick V said: It seems to have disappeared following the $10K price drop….. anyone clued-up?? There is a facebook thread about it being pulled from CTS. Quote Link to comment Share on other sites More sharing options...
Yeatesy Posted 2October, 2021 Report Share Posted 2October, 2021 1 hour ago, cafe_racer said: Well seems the car was pulled from CTS. I suspect it will pop up again soon elsewhere. There is a facebook thread about it being pulled from CTS. Yeah I thought it was that car and it didn’t sound like a great selling experience with them. Quote Link to comment Share on other sites More sharing options...
JLD Posted 2October, 2021 Report Share Posted 2October, 2021 4 hours ago, Yeatesy said: Yeah I thought it was that car and it didn’t sound like a great selling experience with them. I'm guessing they expected to sell it very quickly with little effort Yeatesy 1 Quote Link to comment Share on other sites More sharing options...
luzzo Posted 2October, 2021 Report Share Posted 2October, 2021 On 28/09/2021 at 15:06, luzzo said: Porsche 911 GT3 996 Manual MY04.https://www.carsales.com.au/cars/details/2003-porsche-911-gt3-996-manual-my04/OAG-AD-20148247 Carsales Ad showing as 'Sold' now Quote Link to comment Share on other sites More sharing options...
on_booost Posted 2October, 2021 Report Share Posted 2October, 2021 and gone form their site too - might end up elsewhere if it didn't actually sell (Says n/a for me) Good $$$ if they got it! Quote Link to comment Share on other sites More sharing options...
James P Posted 6October, 2021 Report Share Posted 6October, 2021 https://www.carsales.com.au/cars/details/1999-porsche-911-gt3-996-manual/OAG-AD-20196933/?Cr=1 Quote Link to comment Share on other sites More sharing options...
symsy Posted 6October, 2021 Report Share Posted 6October, 2021 26 minutes ago, James P said: https://www.carsales.com.au/cars/details/1999-porsche-911-gt3-996-manual/OAG-AD-20196933/?Cr=1 Testing the magic price ceiling again .. must be quite a rare colour What is the run across the road price...from our panel of avid viewers ... 220, 240 , 260. ... I would say for me its 190 but im still not vaccinated for the Covid Tax Theres a comfort spec here @edgy whats your bid on this fine day sir .. how many cans of vintage Swan Lager we talking as your entry fee Quote Link to comment Share on other sites More sharing options...
TwoHeadsTas Posted 6October, 2021 Report Share Posted 6October, 2021 53 minutes ago, symsy said: Testing the magic price ceiling again .. must be quite a rare colour Common as muck Symsy, 22 out of 90 were Speed Yellow, although no colour split of the supposed 17 comfort / tourings. Well there's at least 1 Speed Yellow and 1 Artic Silver ""comfort"..... Price, NFI, but at that price I'd say my car's discounted about $1.30 for every km 🙂 symsy 1 Quote Link to comment Share on other sites More sharing options...
spiller Posted 6October, 2021 Report Share Posted 6October, 2021 I had a slightly heated discussion with Shannons today about increasing the agreed value on my CS (prior to this yellow one coming online). I asked for 285K and all they would give me was $250K “because there isn’t enough sales data”. I explained how few of these cars were sold new and that with the way they are transacting (i.e. mostly off market), it would be highly unlikely that there will ever be any sales data. Alas, they would not budge. I’m not happy at all because if I write my car off (heaven forbid), there’s simply no way I’m replacing a 31K km Clubsport for 250K. I’m going to ring tomorrow to have another crack and use this current SY example as ammunition. Keen to know how are others approaching this predicament with their insurers at the moment? First world problems, but a problem nonetheless! @Skidmarks is this your old one being flipped or has someone else squirreled away their SY MK1 Comfort spec? symsy 1 Quote Link to comment Share on other sites More sharing options...
TwoHeadsTas Posted 6October, 2021 Report Share Posted 6October, 2021 7 minutes ago, spiller said: I had a slightly heated discussion with Shannons today about increasing the agreed value on my CS (prior to this yellow one coming online). I asked for 285K and all they would give me was $250K “because there isn’t enough sales data”. I explained how few of these cars were sold new and that with the way they are transacting (i.e. mostly off market), it would be highly unlikely that there will ever be any sales data. Alas, they would not budge. I’m not happy at all because if I write my car off (heaven forbid), there’s simply no way I’m replacing a 31K km Clubsport for 250K. I’m going to ring tomorrow to have another crack and use this current SY example as ammunition. Keen to know how are others approaching this predicament with their insurers at the moment? First world problems, but a problem nonetheless! @Skidmarks is this your old one being flipped or has someone else squirreled away their SY MK1 Comfort spec? I'm coming up to that discussion with them shortly, would appreciate you posting the final result Quote Link to comment Share on other sites More sharing options...
micknine01 Posted 6October, 2021 Report Share Posted 6October, 2021 1 hour ago, TwoHeadsTas said: I'm coming up to that discussion with them shortly, would appreciate you posting the final result I’m interested to know the result too @spiller. Maybe tell Shannon’s to expect a few calls Quote Link to comment Share on other sites More sharing options...
edgy Posted 6October, 2021 Report Share Posted 6October, 2021 2 hours ago, symsy said: Theres a comfort spec here @edgy whats your bid on this fine day sir .. how many cans of vintage Swan Lager we talking as your entry fee I don’t really know anymore mate… who am I to comment? If there’s someone out there with pockets lined from a Sydney realestate windfall and it puts the led in their pencil… where can they get another one? KM’s are reasonably low and it’s very striking in the yellow, plus it’s a mk1 so people are seemingly at the point that they’ll now stump up premium for that extra rarity… Speed Yellow 996.1 with 14,xxx kms on it at CTS disappeared fast with an advertised price of $289k so I think the speed of transaction speaks volume… wouldn’t be surprised $250-270k 1 hour ago, spiller said: Keen to know how are others approaching this predicament with their insurers at the moment? First world problems, but a problem nonetheless! I’ve commenced the dialogue with my insurer, they asked what value I want to insure it for and they’d take it to the underwriter…. I said I would like to get a professional opinion and come back to them. At the end of the day, it’s almost always a case of being underinsured, because having the $$$ doesn’t mean you’re going to be able to replace it. I’d be interested who is best to contact for an appraisal, other than the obvious independent car dealers Quote Link to comment Share on other sites More sharing options...
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