991 carrera - good time to buy used?

[charliedb2]

Hello all - I am contemplating buying a 991s coupe and have been trawling the adverts to get a jist of costs etc. I am looking at sub-30k miles with a reasonable spec. However, they all seem to be high £60k's so they have held there value well in % terms. I can only assume this is because there is limited supply coming on to the market which my local dealer (Leicester) also suggested to me.

I would be really interested to get the view of what you think the values may do over the next 6 months, will there be a lot of people coming out of 3 year finance agreements shortly so a large number of cars coming to market and/or will the forthcoming release of the gen2 affect the gen1's?

In short, do you think now is a good time or hold off for 6 months in anticipation of a drop in buy price or are they going to stay high whilst 997's seem to be propping them up with very strong values also?

Thanks

[david hockney]

I think you'll be waiting a fair while for a 991 price drop-
I wanted a silver GTS coupe and there were only 3 in the entire UK OPC pre owned locator system......there's none now-
while supply for the 991 is so limited I can't see prices dropping very quick

[rosino]

I think the only time market was oversupplied with 991 was when I sold mine. :-)

I sold mine, which was a launch model all options ticked from dec 2011 with an all in price of around 95k, in September 2013.. 8k miles on the car and sold it for 65k to a dealer who then promptly put it on for sale at 70k after taking a few photos.

Since then they seem to have stabilised around that level.

I would avoid early models as I had some minor quality issues like rattles and the likes. Other than that I loved the car as an everyday + mad Sunday + occasional track day proposition.

[Wilmslowboy]

There is some suggestion that a significant amount of new supply is coming into the UK (stronger pound, weaker rouble causing shift in production), together with the launch of the gen 2 later this year.

Not sure how "oversupply" of new cars will effect values further down, however I expect there will be some strong new car deals over the summer and into the September reg plate change.

Early cars are now 3 years old and still achieving 70% of list price....not sure that is sustainable.

[itsybitsy]

With the arrival of the 992 later this year expect circa 10- 15% discount on new pre regd 991 especially Xmas time .
There are a lot of used cars on opc locator!

[Andrew911]

Agree with the comments so far.

Are you defo sure you want a 991? Have you thought about a 997 Gen 2 turbo? There are a few sub £60K examples in the OPC network & probably a bit cheaper with the indies? Would lose less than spending £60K+ on a base 991.I know what i would do.

[charliedb2]

Thanks for the input so far, it's appreciated.

I am now considering gen 2 997s' even more as my gut tells me 991's are not really offering good value used yet. I have to say the turbo idea makes sense in many ways, Amari have a nice looking one for £60k. However I am going to be doing around 14k miles a year so not sure if a turbo is going fit the bill as running costs may be too high. I also deal with the public sector, arriving in Carrera i can carry off in my mind (I used to have a cayman), a turbo may rub a few people up the wrong way.

Its all a bit of a head spinner, all fun though.

[Fl0pp3r]

charliedb2 said:

Hello all - I am contemplating buying a 991s coupe and have been trawling the adverts to get a jist of costs etc. I am looking at sub-30k miles with a reasonable spec. However, they all seem to be high £60k's so they have held there value well in % terms. I can only assume this is because there is limited supply coming on to the market which my local dealer (Leicester) also suggested to me.

I would be really interested to get the view of what you think the values may do over the next 6 months, will there be a lot of people coming out of 3 year finance agreements shortly so a large number of cars coming to market and/or will the forthcoming release of the gen2 affect the gen1's?

In short, do you think now is a good time or hold off for 6 months in anticipation of a drop in buy price or are they going to stay high whilst 997's seem to be propping them up with very strong values also?

Thanks

My 10 cents is, if depreciation is a concern - the 991 Carreras have a fair way to fall yet, particularly once the 992 arrives (models like the GTS and GT3 are obviously shielded from depreciation at the moment). I think 991 Carreras have sold in similar numbers to the 997 generation so you can expect a similar 'value' curve...

Much better imho to bag yourself a nice 997 Gen2, whatever the flavour. I'd pick a 997 GTS personally...the pick of the 997 Carrera range and a future classic - still excellent value for money considering what you get. If thats too stiff for you, can't go wrong with a Turbo, and actually that might suit your higher mileage/comfort brief.

Phil

[david hockney]

I agree with the above-
if you have 60k to spend a 997 GTS would represent a far better buy financially than a base 991 model...

[charliedb2]

Thanks - I think I am coming to the conclusion that a 997 Gen 2 S with PDK, sub 30k miles for around the £40k mark is going to be my best bet. I remember reading about how good the GTS' are when they came out, however I am looking at another £15-20k, so quite a %age more needed and I can't justify that much of a premium. Plus as a side note, they all seem to be specced with the black alloys which are not my thing really (again trying to stay relatively understated).

I just need to find one now.

[wilkos]

Having owned a 997 gen 2 and now a 991, I'd say buy the 991. It's much better. If depreciation is a worry, then don't buy a Porsche as they make little financial sense. A gen 2 will drop 5k a year for the next few years, a 991 6-7k, so when you factor in fuel, road tax insurance, warranty etc, there is little in it.
Drive both and I'd be surprised if you didn't stretch to the 991.

[Buster73]

wilkos said:

Having owned a 997 gen 2 and now a 991, I'd say buy the 991. It's much better. If depreciation is a worry, then don't buy a Porsche as they make little financial sense. A gen 2 will drop 5k a year for the next few years, a 991 6-7k, so when you factor in fuel, road tax insurance, warranty etc, there is little in it.
Drive both and I'd be surprised if you didn't stretch to the 991.

I used to have a 997 gen 2 manual , I've driven quite a bit in a 991 pdk.

There is no comparison the 991 is way ahead of the 997

[david hockney]

anonymous said:

[redacted]

Recently I spent all morning driving a gen 2 997 CS - I then jumped straight into a 991 for a couple of hours........
I find it hard to believe anyone would choose the 997 over the 991 for 'feedback, tactility' etc -other than for the financial
reasons it's a no brainer - the 991 is better.....

[wilkos]

Also OP said he'd be doing 14k a year in it, and having done 10k a year in a 997.2, i'd take the 991 as a daily driver every time.
If you can afford it, buy the 991. If you cant, buy the 997.2. Both great cars, but the 991 is better in every way

[Andrew911]

charliedb2 said:

Thanks - I think I am coming to the conclusion that a 997 Gen 2 S with PDK, sub 30k miles for around the £40k mark is going to be my best bet. I remember reading about how good the GTS' are when they came out, however I am looking at another £15-20k, so quite a %age more needed and I can't justify that much of a premium. Plus as a side note, they all seem to be specced with the black alloys which are not my thing really (again trying to stay relatively understated).

I just need to find one now.

I have recently bought a 59 plate 997 Gen 2 C2S PDK with 53K miles for under £40K at dovehouse. It's my 4th Porsche & 3rd 911. I have only done a few miles but already loving it. My previous 911 was a 996 turbo; but the 997 feels more comfortable (better mechanically) & actually feels almost as fast as the 996 turbo. I was thinking about getting a 997 GTS; but in the end feel they are too pricey at the moment & IMO will drop. If it was going to be keeper then I'am sure the GTS will prove to be a good investment, but historically i change my cars every 2-3 years. So in the end I decided to save myself £10-15K & buy the 997 Gen 2 C2S. You won't be disappointed.

[charliedb2]

Thanks all - in essence I think it boils down to whether I want to put £40k in and get a 997 or £60k in and get a 991. Both would be great. I realise the 991 would be the better car overall, I will try both and see if I can justify the extra.

Charlie

[RT]

Having gone through this exact decision over the past few weeks I ended up in a 997 Gen 2 turbo.

Don't be fooled into confusing actual price and the cost to you - remember it's all about depreciation.


I have an R8 which has essentially not cost me a penny in 2 years of ownership.

The GTS and the Turbo 997's (IMHO) will hold nicely.

[ORD]

anonymous said:

[redacted]

Shhhhhhh! The 991 is BETTER. It's progress.

(Who cares if it is bigger, has lifeless steering, too many gears, a crap manual 'box and Audi brakes...)

[wilkos]

ORD said:

Shhhhhhh! The 991 is BETTER. It's progress.

(Who cares if it is bigger, has lifeless steering, too many gears, a crap manual 'box and Audi brakes...)

Shshhhhhh older Porsches aren't agricultural sheds. They're better. Progress is a bad thing. Where's my crt TV and come to think of it my penny farthing gone.

Seriously the 991 steering feel is just fine, and living with a 997 for 30,000 miles as a daily driver, I found the steering shouting about every nuance of the road surface rather wearing after a while. I also find the ballance of the assistance over feel about spot on in the 991. Very easy to judge the point of lock up, without needing quads the size of a professional cyclist to apply the brakes.

If you can't get enough info from the what the 991 steering and brake pedal is telling you, then get your senses tested as you might have whole arm and leg white finger.

[ORD]

wilkos said:

Shshhhhhh older Porsches aren't agricultural sheds. They're better. Progress is a bad thing. Where's my crt TV and come to think of it my penny farthing gone.

Seriously the 991 steering feel is just fine, and living with a 997 for 30,000 miles as a daily driver, I found the steering shouting about every nuance of the road surface rather wearing after a while. I also find the ballance of the assistance over feel about spot on in the 991. Very easy to judge the point of lock up, without needing quads the size of a professional cyclist to apply the brakes.

If you can't get enough info from the what the 991 steering and brake pedal is telling you, then get your senses tested as you might have whole arm and leg white finger.

I find the 997 and 987 (of which I have more experience) to convey just enough steering feel to be taken seriously as sports cars. An ounce less is too little. And the brakes are about spot on for me; the additional assistance in the 991 and 981 is horrid.

(p.s. I have very powerful thighs.)