Adam Wright wrote:
I think what Sebastian was referring to was when a dealer buys a car from someone and leaves out information when they go to re-sell it. Like that yellow car that was on EBAY a few months ago where someone pulled up the original craigslist listing where the seller said he had not run the engine since it bent a valve. The new seller omitted this information.
I was just looking at the ad in our classified for the yellow car. I would be shocked if ALL of the valves were not bent! The market will find a price for that car. It has air conditioning and a radio and a real Porsche engine and transmission and steering wheel. I think it is crap but that should not catch the buyer unaware.
About 4 years ago a friend of a friend bought a C Cab from a VERY well known west coast dealer. He was a late model Porsche owner and really did not know what he was purchasing. He wanted a car and not an adventure of visiting a bunch private sellers all over the country. He did his own inspection of the car when he bought it. When it arrived to his PA home he started to enjoy it and showed it to some of the local faithful. This put the local experts in an uncomfortable position because other than shiny paint the car was garbage. Then, within a month the engine blew up. All the experts were sad for this guy because they felt that he was so upside down and he was not happy with the extra expense.
Fast forward to a few months ago. The C Cab owner was tired of the car and wanted a more modern Porsche. He called the "reputable" dealer to find out what they thought he should ask for his 356. That dealer offered him much more than he expected to get for the car, much more than he had invested, and the dealer had a modern Porsche that fit his requirements. A deal was done. The fairytale ends happily ever after. As far as I am concerned, I would never send a friend to that dealer just because they did nothing about the engine. I would be very wary of buying a car there and would never rely on the dealer to tell me about what is wrong with the car.
The question is which car is more honest? The yellow T-5 at Gullwing or the C Cab at the well known purveyor of fine rust free west coast cars? If you buy a bad car you should blame yourself unless there is fraud like changing the good parts for crap parts in the time between your inspection and when the car is delivered or if the paperwork is faked or if some very slick repairs were made that have no chance of holding up.