718 Cayman Depreciation
Discussion
Acording to Auto Express they quote 58.2 % retained value after 3 years. You have to factor in which extras you chose. Some (according to Autotrader) retain much of their value (PCM was a prime example in the days before it became standard) and others, like PCBs which deter as many buyers as they attract and therefore don't.
I bought new, but at 2 years old / 20k miles and fully stone chipped I had a dealer valuation on my base 718 giving me just short of an 80% residual which was fairly in line with the WBAC. If that translates to 70% at three years' old I will be very happy, and is certainly the slowest depreciator I've ever owned.
You dont get your money back on most options however.
You dont get your money back on most options however.
Just about to trade in my November 2016 718 Cayman 2.0 for a new T (May delivery). Listed at £50k when I bought it new. Immaculate, PDK with 19k miles. Had offers of £33k, £36.5k & £36.5k all from OPCs (admittedly none of the OPCs have even seen the car). Just over 70% after 30mths.
Edited by neilf on Saturday 30th March 17:40
Whaaaat?! So all this bulls
t perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...
Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
t perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
Fact remains that although 718 residuals are by no means bad (better than Audi TT for example if AutoExpress are to believed) but nowhere near as good as the 981 are, or, for that matter, the Alpine A110 are predicted to be.
Edited by bcr5784 on Saturday 30th March 21:41
Edited by bcr5784 on Saturday 30th March 21:45
bcr5784 said:
Fact remains that although 718 residuals are by no means bad (better than Audi TT for example if AutoExpress are to believed) but nowhere near as good as the 981 are, or, for that matter, the Alpine A110 are predicted to be.
Predicated isnt great as no one knows what the market will depict. You only have to see what has happened to Macan diesel residuals to know Edited by bcr5784 on Saturday 30th March 21:41
Edited by bcr5784 on Saturday 30th March 21:45
On the Alpine apparently there were quite a few flippers and cancelled orders on the premiere edition. The formers owners not making any profit at all?
I’m minded to think 718 residuals being noticeably worse is a myth. Reason is logically thinking. I’d say most people who buy them aren’t Porsche enthusiasts per say. They just like the car. To the average punter who fancies a little Porsche sports car a 718 looks a nice motor and would choose over an older 981. I’ve met loads of Porsche Cayman and 911 owners who didn’t really know the first thing about them. My ex misses always wanted an Audi TT. She couldn’t tell you the first thing about the engine. She just liked the looks and interior. That’s no criticism at all! Whatever gives folk pleasure, it’s their toy. They’re just cars not an entry club.
Porsches sell to a wide audience like any car and only a segment are us lot babbling on about flat sixes and NA.
Personally for me the 718 does not appeal over the 981 but I can see why it would to someone else and I think that will reflect.
Porsches sell to a wide audience like any car and only a segment are us lot babbling on about flat sixes and NA.
Personally for me the 718 does not appeal over the 981 but I can see why it would to someone else and I think that will reflect.
The thing to be wary of, with the 718, might be the numbers sold in the past two years.
Last year, when Factory production was suspended, my OPC was complaining about lack of stock, across the Porsche range - except for 718s. He said they kept being offered allocations and completed cars by Porsche, beyond what they would normally sell, so were able to offer significant discounts and attractive PCP deals.
This means that, over the next couple of years, and as we get closer to the replacement model, there could be a lot of used 718s coming into the market and impacting on residuals.
However, that is just conjecture, and it is far better to buy the car you want to own and enjoy, and accept that virtually all cars will depreciate, but all the other running costs are relatively low. And, the 718 is a great car - even with a 4-cylinder turbo
Last year, when Factory production was suspended, my OPC was complaining about lack of stock, across the Porsche range - except for 718s. He said they kept being offered allocations and completed cars by Porsche, beyond what they would normally sell, so were able to offer significant discounts and attractive PCP deals.
This means that, over the next couple of years, and as we get closer to the replacement model, there could be a lot of used 718s coming into the market and impacting on residuals.
However, that is just conjecture, and it is far better to buy the car you want to own and enjoy, and accept that virtually all cars will depreciate, but all the other running costs are relatively low. And, the 718 is a great car - even with a 4-cylinder turbo
Schmed said:
Whaaaat?! So all this bullst perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...
Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
Lol, its all relative, compared to other marks the 718 depreciation is not too bad, compared to the 981 it is ;-)t perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
I note with interest that you can get a 718 GTS with low miles for a similar price to a 981 GTS with higher miles ie a real world indicator of the market and not a myth. Lots of 718 GTS stock pre registered at OPC’s
The market over the next 2-3 years will be the true indicator as 718 drop below 981 values ?
bcr5784 said:
Fact remains that although 718 residuals are by no means bad (better than Audi TT for example if AutoExpress are to believed) but nowhere near as good as the 981 are, or, for that matter, the Alpine A110 are predicted to be.
718 residuals are currently pretty much identical to the 981. The A110 hasn't been out long enough to know with any certainty what residuals are going to do.130R said:
bcr5784 said:
Fact remains that although 718 residuals are by no means bad (better than Audi TT for example if AutoExpress are to believed) but nowhere near as good as the 981 are, or, for that matter, the Alpine A110 are predicted to be.
718 residuals are currently pretty much identical to the 981. The A110 hasn't been out long enough to know with any certainty what residuals are going to do.jonttt said:
Schmed said:
Whaaaat?! So all this bullst perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...
Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
Lol, its all relative, compared to other marks the 718 depreciation is not too bad, compared to the 981 it is ;-)t perpetuated by 981sters about crashing 718 residuals is just utter tosh? Surely not another internet myth? Perhaps the entire sound argument is also a load of bks...Surely Twinfan must be chumping at the bit to tell us how his 981 GTS has tripled in value in three years... after all, it is the perfect car...
I note with interest that you can get a 718 GTS with low miles for a similar price to a 981 GTS with higher miles ie a real world indicator of the market and not a myth. Lots of 718 GTS stock pre registered at OPC’s
The market over the next 2-3 years will be the true indicator as 718 drop below 981 values ?
Edited by JayK12 on Monday 1st April 09:27
718 Cayman S new May 17, 4500 miles, apart from a few stone chips unmarked, cost £62500.
WBAC today offered £37500.
Essentially 23 months old. 60% residual with WBAC.
Not sure what to make of this.
I really enjoy the car, but suspect depreciation will be similar to other VWs, with due respect to fellow owners.
WBAC today offered £37500.
Essentially 23 months old. 60% residual with WBAC.
Not sure what to make of this.
I really enjoy the car, but suspect depreciation will be similar to other VWs, with due respect to fellow owners.
OO02ERO said:
718 Cayman S new May 17, 4500 miles, apart from a few stone chips unmarked, cost £62500.
WBAC today offered £37500.
Essentially 23 months old. 60% residual with WBAC.
Not sure what to make of this.
I really enjoy the car, but suspect depreciation will be similar to other VWs, with due respect to fellow owners.
That's similar depreciation to my 981S - but in my case that was over 4 and half years and 16000 miles.WBAC today offered £37500.
Essentially 23 months old. 60% residual with WBAC.
Not sure what to make of this.
I really enjoy the car, but suspect depreciation will be similar to other VWs, with due respect to fellow owners.
bcr5784 said:
Not sure where you get your Porsche info from but it doesn't square with prices at OPCs.
I am looking at OPC prices .. 2016 MY 718 and 981 are the same price. Personally I couldn't really care less though as I buy my cars to daily drive, not sit in a garage and worry about how much it won't be worth in future.Gassing Station | Boxster/Cayman | Top of Page | What's New | My Stuff