OMG! What's happened to used 997 prices? Be very afraid...
Discussion
kbf1981 said:
But when we're talking about luxury cars, the issue of money / ambition related to earnings will come up? It's fine if that's not what motivates you, plenty of people I know are far more into having a happy family life and would prefer to work 35hrs a week on £20k than 70hrs a week on £100k.
However, part of you wants a Porsche / Ferrari / other posh metal because it's exclusive and relatively hard to obtain. It's the stuff we had on our bedroom walls when we were teenagers. To be honest....you'll get a much purer driving experience from an old Elise or Caterham.....both of which can be had for under £10k with nearly zero depreciation. People don't want them as much however as they're not as aspirational. They're not status symbols that'll make the neighbours jealous.
As much as it's an ugly thing to say, a large part of the reason people buy exclusive cars is because they're perceived to be expensive and exclusive. That's why I always get annoyed with people hoping for depreciation - aside from being mean spirited, it's also counter productive. The reason these cars are desirable is in part because they're expensive. The cheaper they get the less people aspire to them, imo.
Talk for yourself mate, but I think you are sadly wrong if you think most people want luxury cars in order to show off how successful they have been, which is effectively what you are saying.However, part of you wants a Porsche / Ferrari / other posh metal because it's exclusive and relatively hard to obtain. It's the stuff we had on our bedroom walls when we were teenagers. To be honest....you'll get a much purer driving experience from an old Elise or Caterham.....both of which can be had for under £10k with nearly zero depreciation. People don't want them as much however as they're not as aspirational. They're not status symbols that'll make the neighbours jealous.
As much as it's an ugly thing to say, a large part of the reason people buy exclusive cars is because they're perceived to be expensive and exclusive. That's why I always get annoyed with people hoping for depreciation - aside from being mean spirited, it's also counter productive. The reason these cars are desirable is in part because they're expensive. The cheaper they get the less people aspire to them, imo.
I am at the polar opposite side of your thinking, I wish Porsches, Ferraris, Astons et al were affordable enough for every last person to be able to enjoy them.
mollytherocker said:
Its all relative isnt it. At the other end of the scale, you see people moaning that they are in genuine poverty. The BBC interview them in their council flats and they moan how they cant feed their children.
In the background lurks a 40" TV. Sky, PS3 etc etc.
My parents didnt get carpets in their house for 7 years! I can rememember the cold floor boards! And you know what, they were not poor and I had a great childhood.
God, I sound like that Monty Python sketch.
MTR
FLOORBOARDS?In the background lurks a 40" TV. Sky, PS3 etc etc.
My parents didnt get carpets in their house for 7 years! I can rememember the cold floor boards! And you know what, they were not poor and I had a great childhood.
God, I sound like that Monty Python sketch.
MTR
You don't know how lucky you were!
We lived in a cardboard box.....etc, etc....
KH said:
...a friend who works in London is suicidal because his £230k projected bonus has been reduced to £90k. He's crying because he wanted to buy a small weekend flat in Cornwall for cash and now he can't. I said, grow up, you've still got ninety grand more than the rest of us. Be grateful and enjoy what you've got. Didn't work. No-one help people who are obsessed with money.
I'm really glad I haven't got any.
You can see his point, though.I'm really glad I haven't got any.
Edited by KH on Friday 25th November 20:28
He'll have only half of that once (if?) he's paid his tax
kbf1981 said:
I always have the cost of any car in my head as 50% over 3yrs (plus tyres at £300 a corner).
To be honest though, if you wanted to get something the next level up, you'd be looking at a min of £2400 per month all in (say in something like this: http://www2.mercedes-benz.co.uk/content/unitedking... ). That's a subsidised deal. Buying new is expensive.
So the SLS is being substantially discounted.To be honest though, if you wanted to get something the next level up, you'd be looking at a min of £2400 per month all in (say in something like this: http://www2.mercedes-benz.co.uk/content/unitedking... ). That's a subsidised deal. Buying new is expensive.
Edited by kbf1981 on Friday 25th November 19:45
Before we all disappear up our backsides, a sobering thought: the average person in the UK retires with less than £6K in savings.
996ttalot said:
Think about this - 997 turbo 27k mileage fully loaded one owner - in the trade today £39995. 
Remember the thread asking would drop below £50k
Registration ADD4M?? In fairness, if it's the same car, it's offers over £40k! 2 owners, and has been on offer for over 10 days, so can't be the nicest car?? Still cheap as though. And the guy that is selling it owns his own performance car sales room, why isn't he retailing it?? Something not right with this one. It's 10k cheaper in the trade than anything similar. Remember the thread asking would drop below £50k
Edited by Oli. on Friday 25th November 22:16
Oli. said:
996ttalot said:
Think about this - 997 turbo 27k mileage fully loaded one owner - in the trade today £39995.
Remember the thread asking would drop below £50k
Registration ADD4M?? In fairness, if it's the same car, it's offers over £40k! 2 owners, and has been on offer for over 10 days, so can't be the nicest car?? Still cheap as though. And the guy that is selling it owns his own performance car sales room, why isn't he retailing it?? Something not right with this one. It's 10k cheaper in the trade than anything similar. Remember the thread asking would drop below £50k
Edited by Oli. on Friday 25th November 22:16
A lot of car for the money.
ForzaWhitesGen2 said:
g7jhp said:
So do when do we think a Gen 2 997 C2S will be sub £40k?
Next year... March?? depending on mileage.......I was offered a 2009 Gen2 997 C2S for GBP52K (good spec) back in June ........8K miles
- Maybe a standard 997 Carrera....rather than a C2S.
Edited by g7jhp on Saturday 26th November 08:03
I've ducked in to this thread every couple of days, just to see what you's lot are babbling on about & I'm still none the wiser?
You seem confused that modern cars are depreciating? Right?
Or to be specific that gen2 dfi or whatever's are below a certain point, or that 997 tt's are now below a certain point, why on earth did you think this wouldn't happen???
It's Xmas, this happens every year! Yet you're still surprised by it!
Oh & just because one 997 tt is being traded (that's hardly on the open Market) at a certain price does not mean that next week there'll be 15 of them up there in the classifieds at that price!
What age are these turbo's any way? 2007 or something? Let's say a 2003 turbo goes for what, 25 grand these days? So using a very unscientific rule of thumb, you buy a 997 turbo for what 45 grand? In 4 years it's still worth 25? I don't think 5k depreciation per annum on a modern day Supercar is too bad to be fair.
Lighten up ladies, as plenty have said, you're a long time dead
You seem confused that modern cars are depreciating? Right?
Or to be specific that gen2 dfi or whatever's are below a certain point, or that 997 tt's are now below a certain point, why on earth did you think this wouldn't happen???
It's Xmas, this happens every year! Yet you're still surprised by it!
Oh & just because one 997 tt is being traded (that's hardly on the open Market) at a certain price does not mean that next week there'll be 15 of them up there in the classifieds at that price!
What age are these turbo's any way? 2007 or something? Let's say a 2003 turbo goes for what, 25 grand these days? So using a very unscientific rule of thumb, you buy a 997 turbo for what 45 grand? In 4 years it's still worth 25? I don't think 5k depreciation per annum on a modern day Supercar is too bad to be fair.
Lighten up ladies, as plenty have said, you're a long time dead
cragswinter said:
I've ducked in to this thread every couple of days, just to see what you's lot are babbling on about & I'm still none the wiser?
You seem confused that modern cars are depreciating? Right?
Or to be specific that gen2 dfi or whatever's are below a certain point, or that 997 tt's are now below a certain point, why on earth did you think this wouldn't happen???
It's Xmas, this happens every year! Yet you're still surprised by it!
Oh & just because one 997 tt is being traded (that's hardly on the open Market) at a certain price does not mean that next week there'll be 15 of them up there in the classifieds at that price!
What age are these turbo's any way? 2007 or something? Let's say a 2003 turbo goes for what, 25 grand these days? So using a very unscientific rule of thumb, you buy a 997 turbo for what 45 grand? In 4 years it's still worth 25? I don't think 5k depreciation per annum on a modern day Supercar is too bad to be fair.
Lighten up ladies, as plenty have said, you're a long time dead
I think it's more a case of a number of factors coming together leading to a steeper than usual drop. With Xmas, economic climate, new model it seems prices of late cars are dropping quickly.You seem confused that modern cars are depreciating? Right?
Or to be specific that gen2 dfi or whatever's are below a certain point, or that 997 tt's are now below a certain point, why on earth did you think this wouldn't happen???
It's Xmas, this happens every year! Yet you're still surprised by it!
Oh & just because one 997 tt is being traded (that's hardly on the open Market) at a certain price does not mean that next week there'll be 15 of them up there in the classifieds at that price!
What age are these turbo's any way? 2007 or something? Let's say a 2003 turbo goes for what, 25 grand these days? So using a very unscientific rule of thumb, you buy a 997 turbo for what 45 grand? In 4 years it's still worth 25? I don't think 5k depreciation per annum on a modern day Supercar is too bad to be fair.
Lighten up ladies, as plenty have said, you're a long time dead
KH said:
...a friend who works in London is suicidal because his £230k projected bonus has been reduced to £90k. He's crying because he wanted to buy a small weekend flat in Cornwall for cash and now he can't. I said, grow up, you've still got ninety grand more than the rest of us. Be grateful and enjoy what you've got. Didn't work. No-one help people who are obsessed with money.
I'm really glad I haven't got any.
By the time hmrc has finished with him that'll be 43 versus the 111k he would have got assuming he's on over 150k. My hearts not exactly bleeding but you can see why he's gutted. Even more so if he's mainly paid by bonus.I'm really glad I haven't got any.
Edited by KH on Friday 25th November 20:28
g7jhp said:
I think it's more a case of a number of factors coming together leading to a steeper than usual drop. With Xmas, economic climate, new model it seems prices of late cars are dropping quickly.
My '07 C2S cost me £41,000 9 months ago. I've just had a look around on the web and similar aged cars are now selling for circa £40,000 (albeit with a warranty which I had to spend money on, so my outlay was around £43,000), so in my case there's been about a £3K drop at the main dealer and probably a similar amount at an indi.I don't think that's a concern and it's a car and it will depreciate. And do you know what? I don't have any control over the percentage it will depreciate by and frankly can't worry about something I have no control over.
i figured a boxster spyder in something like march 2010, £54,000 to my preferred spec (& that didn't include ceramics, air con etc), last xmas there were cars up for sale at £39,999.
they obviously didn't pay that for them (ie trade) so you're looking at a £15k loss in 10 months.
it's happened before, it'll happen again, but rest assured, there'll be people bleating about it on pistonheads every year
one thing i might add, is the folks who were led down the garden path by salesmen on future values, they have a genuine complaint. the symple truth is they got in to a car they couldn't really afford & the sales people put the blinkers on them & this is a thouroughly s
tty position. i feel for people in this situation, i really do, but for gods sake, these things are probably the second most expensive items they'll ever "buy" in their life. so do a bit of homework. if you're buying a new car & wonder what it'll be worth in three years time, look at a three year old one on a forecourt & take 5 grand off. if the sums don't work out on this then don't bother, it's hardly fricken rocket science.
they obviously didn't pay that for them (ie trade) so you're looking at a £15k loss in 10 months.
it's happened before, it'll happen again, but rest assured, there'll be people bleating about it on pistonheads every year
one thing i might add, is the folks who were led down the garden path by salesmen on future values, they have a genuine complaint. the symple truth is they got in to a car they couldn't really afford & the sales people put the blinkers on them & this is a thouroughly s
tty position. i feel for people in this situation, i really do, but for gods sake, these things are probably the second most expensive items they'll ever "buy" in their life. so do a bit of homework. if you're buying a new car & wonder what it'll be worth in three years time, look at a three year old one on a forecourt & take 5 grand off. if the sums don't work out on this then don't bother, it's hardly fricken rocket science. Gassing Station | Porsche General | Top of Page | What's New | My Stuff