a £55k 997 Turbo value in 2 years
Discussion
Looking for a new daily to do 10k pa in. Maybe a track day and odd European trip included. CSL in garage and an old Passat for the really boring stuff.
Would like to buy a Porsche 997 Turbo for a main dealer with 2 year warranty. Few around the 55k mark.
So my question is:
If I kept for 2 years, paid 55k for a 30-40k car, what do you honestly think it will be worth in 2 years?
Basically if depreciation is less than something newish I would be tempted. If not maybe the costs will be too much. I appreciate depreciation is a gamble, hence why I am looking for peoples thoughts.
Cheers
Matt
Would like to buy a Porsche 997 Turbo for a main dealer with 2 year warranty. Few around the 55k mark.
So my question is:
If I kept for 2 years, paid 55k for a 30-40k car, what do you honestly think it will be worth in 2 years?
Basically if depreciation is less than something newish I would be tempted. If not maybe the costs will be too much. I appreciate depreciation is a gamble, hence why I am looking for peoples thoughts.
Cheers
Matt
Thanks everyone.
I certainly don't have loads of money, and feel a bit like I am punching above my weight with this. However, I am "happy" to run a car that loses about £5k per year. If that gets me into a Porsche 911 Turbo then I accept the higher running costs.
I take the point on OPC. Maybe its a £5k premium, but will give added peace of mind and hoping the warranty is pretty comprehensive.
I suppose if I do take a bigger hit after 2 years I could just keep it longer as I am sure by that point values will stablise. Worst case I keep it for 10 years, at which point it will owe me nothing!
In reality the car will probably do 8k per year, so if I buy one on the low side of average, and sell on the higher side I am hoping it won't be stupidly impacted. If I can buy around 40,000 miles and sell before 60,000 that should still be sensible. I could always lock it in a garage for a year!
The lease car goes back in March, so the serious search will begin then.
I certainly don't have loads of money, and feel a bit like I am punching above my weight with this. However, I am "happy" to run a car that loses about £5k per year. If that gets me into a Porsche 911 Turbo then I accept the higher running costs.
I take the point on OPC. Maybe its a £5k premium, but will give added peace of mind and hoping the warranty is pretty comprehensive.
I suppose if I do take a bigger hit after 2 years I could just keep it longer as I am sure by that point values will stablise. Worst case I keep it for 10 years, at which point it will owe me nothing!
In reality the car will probably do 8k per year, so if I buy one on the low side of average, and sell on the higher side I am hoping it won't be stupidly impacted. If I can buy around 40,000 miles and sell before 60,000 that should still be sensible. I could always lock it in a garage for a year!
The lease car goes back in March, so the serious search will begin then.
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