Residuals

[Lagerlout]

Sorry if this has been done to death but did a search and came up with little information.

Am thinking about ordering an 06 Boxster S at around £44k.

I am coming out of an M3 CSL which has me a little gun shy as to residuals.

What is a realistic private sale price for a Boxster S at 2yrs with 20k and 3 yrs with 30k?

Porsche finance will be £22k after 3yrs and just over £30k at 2 years, 50% residual, 10% deposit.

I know, I know just drive it and forget, but it's hard to forget losing £15k in one year on the CSL incredible car that it is, that's too steep for me.

[andrews]

so I've just bought a very clean 3year old boxster 3.2s for 27,000. The original invoice for the car was £50K. I think its best to assume that over 3 years the car is going to lose half its value, you will get somewhere between 22-25K back when you sell it on, that 7 to 8K a year depreciation so better than the CSL

[rob05]

Do you really want a boxster?
Great car but performance wise you might be a bit dissapointed.If you really dont want to loose lots money you really need to buy the low volume models such as the gt3,not new of course.
Some 03plate cars with under ten thou miles can be found for as little as 51k private.
keep the miles down and i,m quite sure the worst you'l do is a 10k loss over 3 years.
I've had four boxsters one being the 987 s,great car but needs more steriods.

[Andrew Richmond]

Trade would be £30k at 2 years and £25k at 3 years. Remember that all cars like that are hard work to sell privately and current 986 values are not representative as the 987 will still be in production when you sell.

They are great cars but as with M3's etc you have to choose the spec correctly to minimise the fall.

[Lagerlout]

OK guys thanks for the info.

What should I be looking at spec wise? This has me quite confused as on one hand I know M3's with no Nav are very difficult to move but most dealers are telling me that Nav on a Boxster is not essential and worth only £500-£1k max on top. Irrespective of the residual value of the option, what options must a Boxster S have to be saleable?

I was considering the following:

Artic Silver
Ocean Blue interior/Metropole Roof
Carrera Classic 19"'s
Leather Sports Seats
Heated Seats
Park Assist
Bose with Wind Deflector
Tinted Screen
Climate Control
Bi-Xenons
Sport Chrono

So no PASM, no Nav or phone. Sport chrono is probably a non starter residual wise but I like the Sport map on the CSL so imagine I'd like this too.

>> Edited by Lagerlout on Thursday 27th October 13:23

[pdavison]

Alternatively if you want a low risk approach to changing to a Boxster S, hows about a deal with your CSL for my 3 year old (i.e. already depreciated) Boxster S with a Porsche warrantee + cash?

Drop me a line if it would be of interest!

[Lagerlout]

Rob - to answer your question if I really want a Boxster. You are probably right I will miss the out and out performance of the CSL.

I figure with the Boxster at least it goes pretty quick, sounds very nice, built well and has resonable residuals - oh and the roof comes off!

To be totally honest I've never particulary liked the feel of 911's - to date I have driven a 911, 996 C2, 996 C4S but no Turbo or GT3. Some of them look down right ugly to me with the exception of a Black Turbo or any Mk2 GT3 (or RS!). I quite liked the C4S with Sports Exhaust, but it didn't feel "brutal" like the CSL does when you stand on the throttle, neither did it react like a cat as does the CSL.

I imagine the GT3 is a different kettle of fish, but at that time it was a whole £27k too rich for me so you can understand why it couldn't figure in my choices.

My concern would be this, as my main car I'd be putting about 8-10k pa on the car. What would that do to a GT3's value let say with 40k on the clock and 6 years old?

Also, what does a cast iron warranty cost me per annum with Porsche?

Is the car a usable day to day proposition with no traction control and 380 bhp? I didn't find any of the 911's I drove (save the old 89 model) to be terrifying handling wise but what about the GT3? The CSL is fine with DSC off in the wet you just have to treat the throttle with respect.

I'm being serious though asking the above questions as a GT3 Mk2 would certainly interest me so would be great if you could provide some info. Sorry about the length of the reply!!!

>> Edited by Lagerlout on Thursday 27th October 13:41

[rob05]

No problem.
I'm affraid i can't answer your questions on the gt3,but i know the guys that can.
Post your question on the main forum under the heading NEW BOXSTER S OR USED GT3.Then ask the same questions you asked me.

Ive never seen this topic in my time here and i'm sure you will get at least 30 different opinions and facts for you to chew on.
There are plenty of guys that have gt3's to but too many for me to list here.

I really hope you decide to post this topic on the main forum as i think it will really influence your final choice and i look foward to giving you my experience's with my 987's.

>> Edited by rob05 on Tuesday 1st November 07:26

[Andrew Richmond]

Lagerlout said:

OK guys thanks for the info. What should I be looking at spec wise? This has me quite confused as on one hand I know M3's with no Nav are very difficult to move but most dealers are telling me that Nav on a Boxster is not essential and worth only £500-£1k max on top. Irrespective of the residual value of the option, what options must a Boxster S have to be saleable? I was considering the following: Artic Silver Ocean Blue interior/Metropole Roof Carrera Classic 19"'s Leather Sports Seats Heated Seats Park Assist Bose with Wind Deflector Tinted Screen Climate Control Bi-Xenons Sport Chrono So no PASM, no Nav or phone. Sport chrono is probably a non starter residual wise but I like the Sport map on the CSL so imagine I'd like this too. >> Edited by Lagerlout on Thursday 27th October 13:23

That's a good spec but blue leather is harder to sell on (looks nice with a blue hood though). The Xenons and Chrono are worth nothing used but everything else will help. Your right not to need sat nav on a Boxster.

[ChrisW.]

Better reiduals by far on a Boxster than CSL.

I had both up until June 05.

Taking a nicely specced Boxsters S, mint, new £43k.

At two years old I paid £30.5k.

At just less than three years old I have just turned down £25k ( I now run it in parallel with my GT3 so no rush to sell).

I am guessing that it wil bring £27k in April / May.

My previous three year old Boxster brought £26.5k and it wasn't a facelift and had more mileage.

Unless new Boxster S at one year is pulling only £33k --- which is possible if the market takes a real tumble.

I which case, why not buy the secondhand new style Boxster S --- or the old style at even less ?

New cars always depreciate when a market softens, but not as much as the CSL did ! It was £10k too expensive from new.

[Adam B]

andrews said:

so I've just bought a very clean 3year old boxster 3.2s for 27,000. The original invoice for the car was £50K.

that car depreciated badly because the first guy ticked every box, twice!

residuals still good on Porsche but don't believe the myth - figure on 60% after 3 years if you don't got mad on options or buy a silly colour

[highway]

You cant have sport chrono without PASM as I recall. I sold my 987S recently BECAUSE it had sat-nav. Dont underestimate the amount of potential "premium" sports car buyers who would not consider a car without PCM.

Xenons, BOSE etc are all nice to have but you wont get back barely anything. Depreciation wise expect to lose £10k on a £43k Boxster S in year one. I lost £5.5k in 7 months.

[rob05]

I LOST 2K ON MINE IN 3WEEKS,I THOUGHT I DID OK

[clarkey]

I've just sold mine, and lost £5.5k in 7 months and 8,500 miles.