OMG! What's happened to used 997 prices? Be very afraid...
Discussion
sidicks said:
Dazza N said:
The retail market is very slow which is great for our market which is leasing. All the surplus stock is being reduced ans passed on to us to sell Depreciation is not a problem if you lease If it goes up in value buy it if it depreciates lease it
I still struggle with people who make comments like this - do you really think that if you lease a car you don’t suffer the depreciation? That somehow the lease company is happy to take the depreciation on your behalf?!! All that happens is that the lease costs factors in the depreciation plus some contingency margin plus the lease company's profit margin on top!!
Sidicks
Car manufacturers can't cut the retail price in order to move stock as that'd kill used values, so they often play with lease / finance numbers to move the volume instead. Lambo did a 3.5% APR finance deal on new LP550's not long ago, Vauxhall are doing 0% APR now...and there is no discount for cash, as the offer is seperate to dealer margin.
Davey S2 said:
I also cant understand why some people are willing to take a big hit just to replace a car which is perhaps 10% better than their existing car. I'd suggest that 99% of owners arent capable of getting anywhere close to what their car is capable of. Rather than spend £30k+ trading up from a 3.8 RS to a 4.0 RS just spend a few hundred on driver training and learn how to drive quicker!
Most new sports car owners don't buy the car because it's fast, they buy it because it's the latest / greatest.kbf1981 said:
Davey S2 said:
I also cant understand why some people are willing to take a big hit just to replace a car which is perhaps 10% better than their existing car. I'd suggest that 99% of owners arent capable of getting anywhere close to what their car is capable of. Rather than spend £30k+ trading up from a 3.8 RS to a 4.0 RS just spend a few hundred on driver training and learn how to drive quicker!
Most new sports car owners don't buy the car because it's fast, they buy it because it's the latest / greatest.kbf1981 said:
Oftentimes manufacturers will put out subisidised lease / finance offers instead of cutting the retail price on the car, when they want to move stock. That's fact. Anyone remember the brand new M3's for £499 per month on a 24month lease BMW were doing a while back? That's *less* than you'd lose in depreciation on a new M3. Total cost was something like £12k for 2yrs of brand new M3 ownership - far less than the depreciation would be.
Car manufacturers can't cut the retail price in order to move stock as that'd kill used values, so they often play with lease / finance numbers to move the volume instead. Lambo did a 3.5% APR finance deal on new LP550's not long ago, Vauxhall are doing 0% APR now...and there is no discount for cash, as the offer is seperate to dealer margin.
As I explained, there are some scenarios where it makes sense, but it is effectively a disquised discount on list price.Car manufacturers can't cut the retail price in order to move stock as that'd kill used values, so they often play with lease / finance numbers to move the volume instead. Lambo did a 3.5% APR finance deal on new LP550's not long ago, Vauxhall are doing 0% APR now...and there is no discount for cash, as the offer is seperate to dealer margin.
In normal circumstances, leasing does not avoid depreciation, which appeared to be the claim that was being made!
Sidicks
Vroomer said:
With almost everything falling through the floor, how come air-cooled prices are still so strong, and even getting stronger – particularly pre-impact?
I'd suggest, because people don't expect the engine to grenade lumping them with a big bill. Which may be unfair thoughts towards the 996 and onwards. But I have to say it does have an impact on my potential purchase thoughts, and I assume others as well.sidicks said:
kbf1981 said:
Oftentimes manufacturers will put out subisidised lease / finance offers instead of cutting the retail price on the car, when they want to move stock. That's fact. Anyone remember the brand new M3's for £499 per month on a 24month lease BMW were doing a while back? That's *less* than you'd lose in depreciation on a new M3. Total cost was something like £12k for 2yrs of brand new M3 ownership - far less than the depreciation would be.
Car manufacturers can't cut the retail price in order to move stock as that'd kill used values, so they often play with lease / finance numbers to move the volume instead. Lambo did a 3.5% APR finance deal on new LP550's not long ago, Vauxhall are doing 0% APR now...and there is no discount for cash, as the offer is seperate to dealer margin.
As I explained, there are some scenarios where it makes sense, but it is effectively a disquised discount on list price.Car manufacturers can't cut the retail price in order to move stock as that'd kill used values, so they often play with lease / finance numbers to move the volume instead. Lambo did a 3.5% APR finance deal on new LP550's not long ago, Vauxhall are doing 0% APR now...and there is no discount for cash, as the offer is seperate to dealer margin.
In normal circumstances, leasing does not avoid depreciation, which appeared to be the claim that was being made!
Sidicks
Fat Albert said:
I have not bought from Dove house, but know the owner, he is an enthusiast and has just built a new service centre run by Porsche-trained chaps
I have bought from them and was/am a very happy man.I might just see if I can convince Tony to do a Saturday and take mine over for it's service whilst I have a play in the showroom and stop Harvey from convincing me to go back to cars built this century
Just not sure I can afford the depreciation and have just spent £500 before fitting on some new seals and £600ish on new rears 
kbf1981 said:
And to be honest...the best way for someone "further down the wealth ladder" to get a nice car, is to climb further up the wealth ladder themselves, not hope that others do badly. What about ambition?
What an arrogant statement, which suggests to me that you have never actually wanted for the level of wealth required to buy one of these new in the first place.Personal wealth creation is not the same thing as ambition, just as the desire to increse one's personal wealth is not always a question of greed.
Rude-boy said:
kbf1981 said:
And to be honest...the best way for someone "further down the wealth ladder" to get a nice car, is to climb further up the wealth ladder themselves, not hope that others do badly. What about ambition?
What an arrogant statement, which suggests to me that you have never actually wanted for the level of wealth required to buy one of these new in the first place.Personal wealth creation is not the same thing as ambition, just as the desire to increse one's personal wealth is not always a question of greed.
That's not necessarily at odds with what you're saying, so what exactly are you taking exception to?
Scelto said:
Rude-boy said:
kbf1981 said:
And to be honest...the best way for someone "further down the wealth ladder" to get a nice car, is to climb further up the wealth ladder themselves, not hope that others do badly. What about ambition?
What an arrogant statement, which suggests to me that you have never actually wanted for the level of wealth required to buy one of these new in the first place.Personal wealth creation is not the same thing as ambition, just as the desire to increse one's personal wealth is not always a question of greed.
That's not necessarily at odds with what you're saying, so what exactly are you taking exception to?
Don't wish depreciation on others, that's f
king sad, instead raise yourself higher if you want nicer things. I don't cross my fingers and hope a new 458 depreciates to £20k.....I work hard so I can afford the £200k optioned up price.Scelto said:
Wasn't kbf just stating the obvious? The best way to get better "stuff" - including cars - is to earn more money.
That's not necessarily at odds with what you're saying, so what exactly are you taking exception to?
Perhaps kbf is the love child of Norman Tebbit and Edwina Currie.That's not necessarily at odds with what you're saying, so what exactly are you taking exception to?
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