Porcshe depreciation

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tylerdurden

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I have had a mini tickle about owning and driving a 911. There is no way I could afford to purchase a new one but 40-50k might be something I would look at.

The thing I cannot handle is just how little these things depreciate.

With most cars including prestige models, 70-90k cars drop in value like a tonne of bricks.

I cannot fathom out why this does not apply to Porsche's?

There seem to be loads for sale at any one time. Lots ofr sale outside of the main dealer network.

Within the 40-50k mark you are looking at getting a 4y or older car. That hurts....

Please explain?
 
Colleague has a 10 year old 996 C4S. Price was quite decent I thought ~£15k.
I imagine the 997 are looking decent value too these days now the 991 has been out a few years.
 
I have had a mini tickle about owning and driving a 911. There is no way I could afford to purchase a new one but 40-50k might be something I would look at.

The thing I cannot handle is just how little these things depreciate.

With most cars including prestige models, 70-90k cars drop in value like a tonne of bricks.

I cannot fathom out why this does not apply to Porsche's?

There seem to be loads for sale at any one time. Lots ofr sale outside of the main dealer network.

Within the 40-50k mark you are looking at getting a 4y or older car. That hurts....

Please explain?


You will always pay top dollar at a main dealership.

Even with better than average residuals, a car that cost £70k - £90k when new should be down to £40k - £50k after about two years not four.
 
Porsches do depreciate heavily, except for specialist models like GT3s etc.

The way the magazines, press and often most other people calculate depreciation is the difference between list price and used price. The trouble with Porsche is that every car leaves new with around 20%+ of the list price paid for additional options above list price.

Main dealer margins are large so you will be bent over if you trade it in to them.

At Geneva the car prices were listed, I clocked a Cayenne with over £50,000 of options on display and a Macan with around £40,000. That was GBP not Swiss Francs.

S
 
For my fortieth I bought a low miles 997 C2, not the most desireable in the range but it had some really nice options and was as new, we ran it for two and a half years and it was my wifes, every other daily and lost 4.5k for our pleasure,in the same period with no adverse influence our insurance went from 750 to 2250 so we pulled the plug.I will probably do the same again when the 991 gets to 4/5 years old.
 
A friend of mine has a 996 Turbo S . He has been asked by GT Purley Porsche Magazine to feature his 996 for an article on how the prices of the Turbo are going mental !!

He paid £39,000 and has been offered £55,000 !!
 
The thing I cannot handle is just how little these things depreciate.

It depends. The supply of new cars is controlled unlike the BMW and Audi who pump out cars that then come back on the forecourts en-masse as AUC.

A lot of the desirable cars don't rack up that high a mileage either. I suspect that quite a few are bought as second cars. That holds the value higher as well.

I've looked at a Cayman a couple of years ago for SWMBO and they do depreciate (or I wouldn't have been seriously looking!).

Servicing can be ..... interesting.
 
They've always been fairly low depreciators; an obvious (and good) choice and pretty well made to boot with a few well-known foibles. A very high percentage still on the road, which tells you something. As above, the kudos that they can be ok to drive on business, leisure and pleasure and that there is a queue of middle aged people, like me, with reasonably fat wallets, unlike me, wanting some 2 seater RWD fun when the kids have left home and that they can be proud of. All fair enough and not that I believe in stereotyping, you understand. I found mine elsewhere, but the I do fancy an old 'non-S' Boxster for the Mrs and me to share...

There is a hierarchy and pick carefully and fun at a reasonable price can be had. I'd fancy a 996 2wd now, and they were held in contempt by the 993 fans when I was previously flirting with the idea. Or maybe an early Cayman....
 
It depends. The supply of new cars is controlled unlike the BMW and Audi who pump out cars that then come back on the forecourts en-masse as AUC.

A lot of the desirable cars don't rack up that high a mileage either. I suspect that quite a few are bought as second cars. That holds the value higher as well.

I've looked at a Cayman a couple of years ago for SWMBO and they do depreciate (or I wouldn't have been seriously looking!).

Servicing can be ..... interesting.



That's one word for it - frightening is the other. Years and years ago I worked for **** Lovett BMW, when I once expressed shock at some of the service costs for BMW the service Manager laughed and said, "that's nothing, you should see what we can get away with with the Porsche owners"....
 
A friend has just got rid of his 997 GTS. He had it for 3 years and it cost him £2000 in depreciation. He bought it new, but heavily discounted.
 
I was looking to buy an old (air cooled) 911 about 5-6 years back. 964s were ranging upwards from around £12k back then and high teens/early twenties bought a fairly sensible 993.

Have a look now - prices are almost double that.

911s are a rule unto themselves when it comes to values. Someone I know with a 64 plate GT3 reckons they've been offered well over new price. Not a bad hobby it you've got the cash and know how to play the game :)
 
911s are a rule unto themselves when it comes to values. Someone I know with a 64 plate GT3 reckons they've been offered well over new price. Not a bad hobby it you've got the cash and know how to play the game :)

The game among the IT contractors I worked with in the 80s was to stick yourself on the waiting list, get the car, run it until just before you needed to get tyres and the first service, sell it for more than you paid.

The company I worked with made a point of having the contractors park their cars in the distant overflow carpark so they weren't visible to those coming into the main office area.

A few years later and I recall another contractor in distress (not tears, just abject misery) having just had the dealer phone to go through the extras on his servicing bill. At that time the trick of selling off the cars hadn't worked for a while so he'd kept his for a couple of years and discovered the term 'running cost'.

And then there were the Boxster engine rebuilds ..... ahem. Gentleman owner ..... Goodwill you say? What's that? ..... Now if you'll just bend over please and take a deep breath.
 

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