realistic depreciation 997.1
realistic depreciation 997.1
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ben_ek

Original Poster:

56 posts

240 months

Tuesday 12th June 2012
quotequote all
i was wondering what a realistic depreciation would be on the following..

c2s 2006 full porsche service history 50k miles aero kit £30,000

over four years assuming 5k miles a year and well maintained/serviced... what do you think i'd get in 2016 with 70k on the clock?

Diesel130

1,549 posts

242 months

Tuesday 12th June 2012
quotequote all
About the same or a bit less (due to more made) than a 2002 model 996 with 70K on clock is now.... i.e. £12.5K ish.

Assuming the euro doesn't go pop or fuel increase at a significantly faster rate than now or taxes on non electric cars go through the roof...

Porkupine

1,722 posts

195 months

Tuesday 12th June 2012
quotequote all
12k.

I thought that they are cheaper than 30k now. Is that how much you are buying for?

ben_ek

Original Poster:

56 posts

240 months

Tuesday 12th June 2012
quotequote all
yes it's a really good example, but even so the cheapest 2006 c2s i've found with 50k miles or less is circa £26,000. if anyone can get a decent one cheaper let me know.

having said that if it'll only be worth £12000 it may not be worth my while buying. i could stand losing 30%, but not 60%.

mollytherocker

14,467 posts

239 months

Tuesday 12th June 2012
quotequote all
ben_ek said:
yes it's a really good example, but even so the cheapest 2006 c2s i've found with 50k miles or less is circa £26,000. if anyone can get a decent one cheaper let me know.

having said that if it'll only be worth £12000 it may not be worth my while buying. i could stand losing 30%, but not 60%.
The chances of it being woth £20k in 4 years are extremely slim.

Having said that, I believe that the slow selling 991 is going to have a positive ripple effect downwards.

And so, I am going to say it could be worth 15k.

Dont quote me on that though. biggrin

MTR

ben_ek

Original Poster:

56 posts

240 months

Tuesday 12th June 2012
quotequote all
well 15k would be better smile but i think 18/19 would be my min tipping point. how about if i go for a slightly newer car. e.g.

2008 c2s 30k miles, £35,000

will the depreciation be less? or is still as heavy?

mollytherocker

14,467 posts

239 months

Tuesday 12th June 2012
quotequote all
ben_ek said:
well 15k would be better smile but i think 18/19 would be my min tipping point. how about if i go for a slightly newer car. e.g.

2008 c2s 30k miles, £35,000

will the depreciation be less? or is still as heavy?
Probably worse.

If depreciation is so important to you, then you need to look at other models. A GT3 or 996 Turbo should do it.

MTR

anonymous-user

84 months

Tuesday 12th June 2012
quotequote all
ben_ek said:
well 15k would be better smile but i think 18/19 would be my min tipping point. how about if i go for a slightly newer car. e.g.

2008 c2s 30k miles, £35,000

will the depreciation be less? or is still as heavy?
Depreciation on newer cars is always higher.

ben_ek

Original Poster:

56 posts

240 months

Tuesday 12th June 2012
quotequote all
uktrailmonster said:
Depreciation on newer cars is always higher.
i would normally have thought that, but there are 2004 997 c2s with 50k on the clock going for circa £24,000, so by that would be a circa 30% loss. but the 997 is still kind of current, but the 991 will be well established by the time i sell so i'm not sure if the same rule would apply - what do you think?

good point about the gt3 will look into that.

Edited by ben_ek on Tuesday 12th June 23:39

mm450exc

571 posts

208 months

Tuesday 12th June 2012
quotequote all
Don't worry about depreciation. It's the fun factor that counts!

mollytherocker

14,467 posts

239 months

Wednesday 13th June 2012
quotequote all
mm450exc said:
Don't worry about depreciation. It's the fun factor that counts!
Thats easy to say if you are rich. For the rest of us, a huge loss on a car can soon offset any enjoyment.

MTR

TheBMWDriver

594 posts

184 months

Wednesday 13th June 2012
quotequote all
Im going to say about 15k.

30k is really strong money for a 06 with 50k on the clock unless the spec is really good.

This looks quite good for the money
http://www.pistonheads.com/sales/3975940.htm

stuckmojo

4,102 posts

218 months

Wednesday 13th June 2012
quotequote all
They will depreciate in the same fashion as the 996 has done. Hence, as said above, 12k at the point of selling.


mrdemon

21,146 posts

295 months

Wednesday 13th June 2012
quotequote all
mollytherocker said:
Thats easy to say if you are rich. For the rest of us, a huge loss on a car can soon offset any enjoyment.

MTR
depends what people call a huge loss,

15k over 4 years is not classed as a huge loss imo.

Buying a Cayman R at 60k and being offered sub 40k trade after 6 months is a huge loss. 20k in 6 months.

TheBMWDriver

594 posts

184 months

Wednesday 13th June 2012
quotequote all
I don't think they will fall as hard as the 996.

The front end of the 996 is not that popular, the 997 was a big improvement over the 996 however some feel that the 991 has become too soft compared to the 997. Due to the poor economy not that many 991 will be sold over the next few years which will help old the 997 prices up a little.

I think a 997 GTS would make a good buy in a few years time when they hit 40k.

monthefish

20,467 posts

261 months

Wednesday 13th June 2012
quotequote all
TheBMWDriver said:
I don't think they will fall as hard as the 996.
I suspect they'll fall harder.

TheBMWDriver said:
the 997 was a big improvement over the 996
The 997 was a backwards step.


TheBMWDriver said:
however some feel that the 991 has become too soft compared to the 997.
some feel that the 997 has became too soft compared to the 996.

mollytherocker

14,467 posts

239 months

Wednesday 13th June 2012
quotequote all
mrdemon said:
mollytherocker said:
Thats easy to say if you are rich. For the rest of us, a huge loss on a car can soon offset any enjoyment.

MTR
depends what people call a huge loss,

15k over 4 years is not classed as a huge loss imo.

Buying a Cayman R at 60k and being offered sub 40k trade after 6 months is a huge loss. 20k in 6 months.
I agree that it depends on your own financial situation, even your example of the Cayman R wouldn't bother some people, which is a great position to be in of course, assuming you have a VERY healthy income.

I also agree that 15k over 4 years is not a huge loss, but its still a significant factor in the purchase of any car to most of us.

Of course, some may say that if you cant afford 15k in 4 years, you shouldn't really be buying a 30k car! And that is a reasonable view too.

MTR





MartinH1988

504 posts

187 months

Wednesday 13th June 2012
quotequote all
I think the 997 will hold well.

Most people who have driven the 991 say its great but it's lost the soul of the 997.

Obviously the GTs and the Turbos will hold more than the normal Carreras.

Nano2nd

3,426 posts

286 months

Wednesday 13th June 2012
quotequote all
i think realisically for a sub £30K C2S your looking at £2k to £5k per year depending on the variables.. for a car £30K-£50k - £5k to £10k per year(which about mirrors my depreciation looking at the current "for sale" market) seems about right

993kimbo

3,003 posts

215 months

Wednesday 13th June 2012
quotequote all
mollytherocker said:
Thats easy to say if you are rich. For the rest of us, a huge loss on a car can soon offset any enjoyment.

MTR
I would say that if you can afford even £20k on a car...then you are rich.

Posts about owners trying to save the odd £50 here and there on tyres for their £70,000 cars makes me laugh.
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