Platinum Wheels
4.4|98 reviews
WN
Wesley N
1 reviews | Active since Member
05 Feb 2026, 09:49
My experience selling a Porsche 911 Turbo S through Platinum Wheels – important read for private sellers
I’m sharing my experience to help other private sellers, especially those dealing with high-value vehicles, make informed decisions.
Why I decided to sell:
In early January 2026, I made the decision to sell my 2022 Porsche 911 Turbo S. The car was in excellent condition, well specced, and had low mileage (±18,000 km).
Entering negotiations:
I approached Jean-Pierre from Platinum Wheels and dealt with him in good faith. I re**** heavily on his experience and market knowledge to guide my decision, as most private sellers would.
During our discussions (both written and telephonic), I was advised that: • A realistic selling price was around R4.2 million • Similar vehicles were typically standing for 3–4 months • Market conditions were soft • Pricing aggressively was necessary to move the car • There was some urgency to decide to sell to him because of other deals he was working on.
Based on this information, I believed that holding the car would mean: • Incur additional costs • Limited upside on the selling price • A risk of further depreciation
I made my decision based on the guidance I received and decided to accept a lower outright purchase offer rather than consigning the vehicle.
I specifically made this decision because I believed: • The car would not sell quickly • The achievable price would not be materially higher than what was presented to me
Had I been told otherwise, I would have chosen a different route.
What actually happened:
This is where my concern is. • The vehicle sold within three days • I was later informed it sold dealer-to-dealer for R4.5 million • The same vehicle was then resold again at a higher price for R4.7 million • On 5 February, after seeing the vehicle advertised yet again, this time by a dealership in Umhlanga for R5.2 million, I personally contacted the dealership to discuss the recent transaction history of the car. • During that conversation, I explained that I was the previous owner and asked how the vehicle had moved so quickly through the market. I was told, in their words, that “you were significantly underpaid for this car and should have received at least R4.2 million.” • I understand that this is the opinion of a third party, but hearing this from another dealer, particularly one now reselling the vehicle, reinforced my concern that the market value and demand for the car was not aligned with what I was told at the time.
This outcome was completely inconsistent with the market picture that had been presented to me during negotiations with Jean Pierre.
Why I feel wronged:
I fully understand that dealers need to make a profit, that is not the issue.
The issue is that: • The information I was given directly influenced my decision • The demand for the car appeared to be stronger than what was represented to me. • The achievable selling price was materially higher than communicated Based on what transpired, I believe I was financially prejudiced by approximately R300,000–R400,000.
Final thoughts and advice:
This was an expensive lesson for me. If this post helps even one person avoid a similar outcome, it will have served its purpose. I would encourage private sellers to carefully consider all options before dealing with Platinum Wheels.
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Replies (56)Platinum Wheels's replyOfficial
05 Feb 2026, 10:25We feel it is important to clarify several key points for accuracy and fairness.
From the outset, all discussions were conducted in good faith and based on real-time market conditions available at the time. It is also relevant to note that the seller had already engaged with two other dealers and received offers from Porsche and Ferrari prior to approaching us. Platinum Wheels was the third dealership approached, and our offer was the one accepted. Pricing guidance provided was an opinion, not a guarantee, and reflected a market where similar vehicles were standing for extended periods and buyer demand was inconsistent.
The seller was presented with multiple selling options, including consignment, which typically allows a seller to achieve a higher eventual selling price as the risk remains with the owner rather than the dealership. This option was clearly explained. The seller declined consignment and specifically requested to know what Platinum Wheels would be willing to pay immediately for an outright purchase.
An outright purchase offers certainty, speed, and zero future risk to the seller. As explained at the time, this naturally comes at a lower price point than a potential future retail sale, as the dealership assumes all market risk, capital exposure, and resale uncertainty.
It is also relevant to note that the vehicle featured a very niche specification, including a bright green exterior paired with a maroon interior. While unique, this combination was considered polarising and added further uncertainty to the resale outcome at the time of purchase.
The offer made was voluntarily accepted by the seller. At no point was the seller under any obligation to proceed, and alternative routes were available had they wished to explore them.
Platinum Wheels operates transparently and ethically. We categorically reject any suggestion of misrepresentation or bad faith and remain open to a constructive, private discussion should the seller wish to engage directly.
From the outset, all discussions were conducted in good faith and based on real-time market conditions available at the time. It is also relevant to note that the seller had already engaged with two other dealers and received offers from Porsche and Ferrari prior to approaching us. Platinum Wheels was the third dealership approached, and our offer was the one accepted. Pricing guidance provided was an opinion, not a guarantee, and reflected a market where similar vehicles were standing for extended periods and buyer demand was inconsistent.
The seller was presented with multiple selling options, including consignment, which typically allows a seller to achieve a higher eventual selling price as the risk remains with the owner rather than the dealership. This option was clearly explained. The seller declined consignment and specifically requested to know what Platinum Wheels would be willing to pay immediately for an outright purchase.
An outright purchase offers certainty, speed, and zero future risk to the seller. As explained at the time, this naturally comes at a lower price point than a potential future retail sale, as the dealership assumes all market risk, capital exposure, and resale uncertainty.
It is also relevant to note that the vehicle featured a very niche specification, including a bright green exterior paired with a maroon interior. While unique, this combination was considered polarising and added further uncertainty to the resale outcome at the time of purchase.
The offer made was voluntarily accepted by the seller. At no point was the seller under any obligation to proceed, and alternative routes were available had they wished to explore them.
Platinum Wheels operates transparently and ethically. We categorically reject any suggestion of misrepresentation or bad faith and remain open to a constructive, private discussion should the seller wish to engage directly.
Best regards,
Platinum Wheels's reply05 Feb 2026, 10:25
Official
We feel it is important to clarify several key points for accuracy and fairness.
From the outset, all discussions were conducted in good faith and based on real-time market conditions available at the time. It is also relevant to note that the seller had already engaged with two other dealers and received offers from Porsche and Ferrari prior to approaching us. Platinum Wheels was the third dealership approached, and our offer was the one accepted. Pricing guidance provided was an opinion, not a guarantee, and reflected a market where similar vehicles were standing for extended periods and buyer demand was inconsistent.
The seller was presented with multiple selling options, including consignment, which typically allows a seller to achieve a higher eventual selling price as the risk remains with the owner rather than the dealership. This option was clearly explained. The seller declined consignment and specifically requested to know what Platinum Wheels would be willing to pay immediately for an outright purchase.
An outright purchase offers certainty, speed, and zero future risk to the seller. As explained at the time, this naturally comes at a lower price point than a potential future retail sale, as the dealership assumes all market risk, capital exposure, and resale uncertainty.
It is also relevant to note that the vehicle featured a very niche specification, including a bright green exterior paired with a maroon interior. While unique, this combination was considered polarising and added further uncertainty to the resale outcome at the time of purchase.
The offer made was voluntarily accepted by the seller. At no point was the seller under any obligation to proceed, and alternative routes were available had they wished to explore them.
Platinum Wheels operates transparently and ethically. We categorically reject any suggestion of misrepresentation or bad faith and remain open to a constructive, private discussion should the seller wish to engage directly.
From the outset, all discussions were conducted in good faith and based on real-time market conditions available at the time. It is also relevant to note that the seller had already engaged with two other dealers and received offers from Porsche and Ferrari prior to approaching us. Platinum Wheels was the third dealership approached, and our offer was the one accepted. Pricing guidance provided was an opinion, not a guarantee, and reflected a market where similar vehicles were standing for extended periods and buyer demand was inconsistent.
The seller was presented with multiple selling options, including consignment, which typically allows a seller to achieve a higher eventual selling price as the risk remains with the owner rather than the dealership. This option was clearly explained. The seller declined consignment and specifically requested to know what Platinum Wheels would be willing to pay immediately for an outright purchase.
An outright purchase offers certainty, speed, and zero future risk to the seller. As explained at the time, this naturally comes at a lower price point than a potential future retail sale, as the dealership assumes all market risk, capital exposure, and resale uncertainty.
It is also relevant to note that the vehicle featured a very niche specification, including a bright green exterior paired with a maroon interior. While unique, this combination was considered polarising and added further uncertainty to the resale outcome at the time of purchase.
The offer made was voluntarily accepted by the seller. At no point was the seller under any obligation to proceed, and alternative routes were available had they wished to explore them.
Platinum Wheels operates transparently and ethically. We categorically reject any suggestion of misrepresentation or bad faith and remain open to a constructive, private discussion should the seller wish to engage directly.
Best regards,