987 Cayman market

987 Cayman market

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Discussion

SDarks

Original Poster:

180 posts

91 months

Friday 21st October 2016
quotequote all
Browsing the 987 ads yesterday and I noticed the market has dropped considerably in just 12 months.

This time last year the cheapest non shed spec 2.7 with 60k miles was around the £15-16k mark. Now you can pick them up for £12-13k. In my opinion that is a lot of car for £12k compared to other cars you can pick up for that sort of money.

The question is how much more will the 987 market drop or will we see a fall then rise in the market similar to the 911 market in 2011?


gadgit

971 posts

266 months

Friday 21st October 2016
quotequote all
Your garage does not say the year of you car.
To make a reasonable guess at the value of your cayman would require a bit more detail really.
Your car in my opinion should keep its value better than a boxter. That maybe just because I like the cayman. Also there are a few older boxters about that have had more use than some people like.
I would say, if you are considering moving on, and you have a gen2, keep it.
If you have a gen1 and its done a few miles, flog it......

I am just thinking you would only post this thread as you are thinking of something else. Then again I could be completely wrong.

Gadgit

SDarks

Original Poster:

180 posts

91 months

Friday 21st October 2016
quotequote all
I have a Gen 1 2008 and I am not looking to sell until next year. I do like to keep tabs on the market but I did overestimate what mine was worth. It will be interesting to see what the prices are like in May/June 17 when its time for a new toy.

gadgit

971 posts

266 months

Friday 21st October 2016
quotequote all
Yep, I think you are doing the right thing.
Your cayman when it came out was a stonking good car, and in many ways it still is. There is still some fear in peoples minds about the gen1.
If yours is still in good condition, and a good colour, someone will buy it.
If like me, you can stretch through to a 981 cayman you will still retain that great 6 cylinder sound......
Good luck

Gadgit

jsl20

28 posts

154 months

Friday 21st October 2016
quotequote all
The market seems incredibly sensitive to mileage. Some low mileage 987.1 Cayman s models are on at silly money. Poverty spec high mileage caymans have dropped a lot.

I've got a well specified 987.1 2.7 that's just tipped over 75k so I've also kept a keen interest. It's a question of keep for a few years or sell it and move on i think.

Interestly I had my eye on a 987.2 on at £22k at sytner. It vanished from auto trader for 3 weeks and is now at another dealer for £25k. Maybe the gen 2s are going up?

DuckDuck

459 posts

147 months

Friday 21st October 2016
quotequote all
Why not stretch to a 987 gen2 .....pure Porsche without the fluff?? EPIC cars without the worry

mollytherocker

14,365 posts

208 months

Friday 21st October 2016
quotequote all
SDarks said:
Browsing the 987 ads yesterday and I noticed the market has dropped considerably in just 12 months.

This time last year the cheapest non shed spec 2.7 with 60k miles was around the £15-16k mark. Now you can pick them up for £12-13k. In my opinion that is a lot of car for £12k compared to other cars you can pick up for that sort of money.

The question is how much more will the 987 market drop or will we see a fall then rise in the market similar to the 911 market in 2011?
I dont own a crystal ball, but a 3k drop is nothing, its less than a new focus depreciates.

beanoir

1,327 posts

194 months

Friday 21st October 2016
quotequote all
The market for Caymans has fluctuated a bit over the last 3 years in my experience. An early Gen1 S with pov spec and middling mileage were hitting trade at £10-11k, forecourt for £12-14k 2 years ago.

I don't think it's moved on much from that at the low end it certainly hasn't dropped much if at all, what I think has happened is the delta between a low end example and a top spec, low mileage example has increased such that we've seen Gen1 cars reaching £20k territory. I think the best Gen1 examples have been pulled up by the prices and rarity of the Gen2 cars actually.




Johnniem

2,660 posts

222 months

Monday 24th October 2016
quotequote all
SDarks said:
I have a Gen 1 2008 and I am not looking to sell until next year. I do like to keep tabs on the market but I did overestimate what mine was worth. It will be interesting to see what the prices are like in May/June 17 when its time for a new toy.
Just so you know well in advance, you'll get appreciably more for the 987.1 if you do a part ex at an main dealer than you will anywhere else. Too many people are scared off by the bore scoring issue if going for a private sale without a warranty.

JM

futie

649 posts

275 months

Monday 24th October 2016
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I bought my 987.1 S a year ago for £13K from a trader, 97000 miles now and it's been great. Slight oil leak when I bought it - I had IMS and RMS checked and clutch done at the same time but none of these were desperately in need of replacement. Slight leak from one of the front tyres (valve?), a bit rattly at the front - drop links need replacing I think - but i'm really pleased with it. Aside from the styling (still not a fan) it's got to be a future classic?

Mezzanine

9,148 posts

218 months

Monday 24th October 2016
quotequote all
I doubt they can drop much further than where they sit now.

I think a solid manual S with decent history is a sure fire second hand buy next spring...

Isn't it?!

delays

786 posts

214 months

Tuesday 25th October 2016
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anonymous said:
[redacted]
I agree - the market has stayed relatively stagnant and tends to move a bit slower (in terms of price fluctuations) than the comparable Boxster market.

Gen 2 cars have been solid for a couple of years (and arguably this is the same for 997s too). As previous poster said, they enjoy a reputation for less hassle than the Gen 1s. If buying Gen 1, then 2.7 would be my preference over the Gen 1 3.4, simply based on this reliability point.

You see few Caymans over 60k miles, but they're starting to crop up.

All in, they're fantastic cars and even in 2.7/2.9 format, have a delightful zing and pull from 3.5k revs, atmospheric six-cylinder singing away centimetres from your back... bliss.

pidsy

7,958 posts

156 months

Tuesday 8th November 2016
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I'm looking to move from an e46 M3 into something else and I'd stumbled into this thread after seeing that cayman's had dropped into the sub £14k price range.

The leggy first generation seem to be around £12k and then a bit of a leap up to 14 for anything a bit better. I'm not sure I'd like the drop in power from the M3 but I do like the way they look - I'm very tempted after doing a bit more reading.