997 Depreciation - what is likely outcome ?

[dambox]

Hi

I am considering a 997s vs M3 particular to minimise depreciation values.

I am considering a spec @ 69K. Based on peoples experiences on the 996, what resale values can I expect in say 2 and 3 years time.

Also, is there an optimal time to sell.

[toppstuff]

I can't see the 997 defying depreciation. While there is a waiting list, it is also true that the Sunday times ( and even many OPC's ) have one or two hanging around you can buy immediately.

Therefore, and allowing for the generous margin that OPC's insist on, I would expect the 997 to be no different to the 996.

So a 2 yr old example would be worth mid £40's I guess..

[GreigM]

Depends where you buy/sell it...
I'd imagine a £70K car new today in 2 years...
On the dealer forecourt £60K
Trade-in price at dealer £53K
Private sale price £55K

[robbo66]

GreigM said:

Depends where you buy/sell it... I'd imagine a £70K car new today in 2 years... On the dealer forecourt £60K Trade-in price at dealer £53K Private sale price £55K

Exactly, no 'imagine' about it. The US dealers are givin $5k off list now.

[gazzab]

if you spend loads on a car then you will lose loads !
There are very very few new cars that can defy the depreciation challenge. 911s are no different.
If you want to defy depreciation the buy an early 996 or a 993. But a new or newish car and then you can kiss goodbye upto £1K a month on avg?

[wrn]

I am selling my £70k 997 C2S for £69k after nearly 5 months of ownership - I reckon that £1k depreciation is not bad. That is a private sale to a mate, but my dealer offered me only £1k less - so that he can put it back on the forecourt at list, sell immediately and make £2k easy margin.

I am collecting a C2S cabriolet on launch day (9 April) and like to think that I will be able to run that for the summer and sell it for close to list when I collect the new Aston Vantage (AMV8) at the end of the year which will be a similar story...

[poorcardealer]

minimum £20K loss in 2 years...no short supply any more with most Porsche models.

[johnny senna]

wrn said:

I am selling my £70k 997 C2S for £69k after nearly 5 months of ownership - I reckon that £1k depreciation is not bad. That is a private sale to a mate, but my dealer offered me only £1k less - so that he can put it back on the forecourt at list, sell immediately and make £2k easy margin. I am collecting a C2S cabriolet on launch day (9 April) and like to think that I will be able to run that for the summer and sell it for close to list when I collect the new Aston Vantage (AMV8) at the end of the year which will be a similar story...

You are talking about rapid turnover of cars when they are still new and therefore a novelty.

It would be a different story if you kept your 997 for 2-3 years. That's when people like me try to find them after they have lost a chunk to grab a bargain!!