Discussion
So I have a half-formed thought that I might acquire a 997 c2s/4s or even a turbo at some point in the next year or so.
Having not paid all that much attention to the used market there seems to be a massive difference between approved used and private cars in terms of price, far beyond what you might expect for BMW for example.
Also what effect is the launch of the new 991 likely to have on 997 residuals over the next year? Is it worth waiting until next year?
Having not paid all that much attention to the used market there seems to be a massive difference between approved used and private cars in terms of price, far beyond what you might expect for BMW for example.
Also what effect is the launch of the new 991 likely to have on 997 residuals over the next year? Is it worth waiting until next year?
{Looks into crystal ball}
I think quite a chunk of the initial depreciation due to the 991 has already taken place. There will obviously be a continuing depreciation, but I don't see a sudden big drop coming due to the arrival of the new car, especially on older 997 examples.
An AUP car now comes with 2 years porsche warranty (£2K+), probably in the region of £2-3K prep work to make mint and then dealer margins etc. Porsche tend to work on a 7-8K gap between trade and retail, so a 4K-5Kish difference between an AUP car and a private sale is not out of the question.
I think quite a chunk of the initial depreciation due to the 991 has already taken place. There will obviously be a continuing depreciation, but I don't see a sudden big drop coming due to the arrival of the new car, especially on older 997 examples.
An AUP car now comes with 2 years porsche warranty (£2K+), probably in the region of £2-3K prep work to make mint and then dealer margins etc. Porsche tend to work on a 7-8K gap between trade and retail, so a 4K-5Kish difference between an AUP car and a private sale is not out of the question.
OPC stock is generally very expensive. Partly because of the 2 year warranty and high level of prep as already mentioned and partly because of their perceived status. The Porsche Indy dealers are usually more competitive, with similar prep levels in some cases, but their warranties are more limited - usually 3-6 months unless you pay extra for an extended period. Private sale prices are all over the place and so is the condition of the cars. There are lots of expensive consumables to take into account that can easily make an apparent bargain into a money-pit.
uktrailmonster said:
OPC stock is generally very expensive. Partly because of the 2 year warranty and high level of prep as already mentioned and partly because of their perceived status. The Porsche Indy dealers are usually more competitive, with similar prep levels in some cases, but their warranties are more limited - usually 3-6 months unless you pay extra for an extended period. Private sale prices are all over the place and so is the condition of the cars. There are lots of expensive consumables to take into account that can easily make an apparent bargain into a money-pit.
I think the OPC stock is more expensive because the cars are that much better. (am not bigging up OPC's here...and my older previous posts go some way in debating the sometimes shocking attitude of some OPC's).... Am now on my third 997 and each time I have to resort to an OPC to find exactly what I want..and that sometimes means a fair bit of travelling...Low mileage high spec cars (combination of options/extras/features/colour) that appeal to the majority of buyers .. are generally stocked by the OPC network. Back in May/June me and the other half test drove 3 cars at Wilmslow 1 x Gen1 and 2 x Gen2 ... nearly signed on the dotted line, last minute Saturday night web check on the OPC network and up pops (Glasgow) a pristine/lower mileage/higher spec end of the line Gen 1 ... so we go for that....
Some of the repeat customers that frequent the OPC network seem to have so much money they swap their cars almost on a quarterly basis, with hardly any miles on them, and in this case, new discs/pads/tyres, extended warranty etc (makes me wonder why they buy in the first place)... and to me this is the type of vehicle that I was looking for...
I dont believe that the 991 will 'speed up' the depreciation on the 997 in the way that the 997 did to the 996.
The 997 already depreciates fairly heavily. Early 2004 models are tumbling towards £20k.
The exception would be 2011 997's, I guess they will take a slightly bigger 1st year knock.
Having said that, if the DFI engine proves to be 'good', then these later 997's may retain more value?
MTR
The 997 already depreciates fairly heavily. Early 2004 models are tumbling towards £20k.
The exception would be 2011 997's, I guess they will take a slightly bigger 1st year knock.
Having said that, if the DFI engine proves to be 'good', then these later 997's may retain more value?
MTR
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