Cayman S - resale value

[pikey]

Just come across this in the classified:

www.pistonheads.com/sales/102651.htm

I've totted up the options and I reckon they're about £7,500 worth.

So, new the car was about £52 and he wants about £48 for it.

If he gets it, that seems like a very strong residual, much higher than I would have thought.

The question is, is it a reasonable price / is he likely to get this?

Ben

(Not looking at selling mine for at least another 12 months!)

[fittster]

How long is the waiting list for a cayman currently?

[cayman-black]

sold mine for £45000 three months ago. 06 reg 4900 miles £51800 list.

[kayc]

pikey said:

Just come across this in the classified:

www.pistonheads.com/sales/102651.htm

I've totted up the options and I reckon they're about £7,500 worth.

So, new the car was about £52 and he wants about £48 for it.

If he gets it, that seems like a very strong residual, much higher than I would have thought.

The question is, is it a reasonable price / is he likely to get this?

Ben

(Not looking at selling mine for at least another 12 months!)

Theres also an 06 car there for sub 40k so i would think its way too expensive.

[pikey]

cayman-black said:

sold mine for £45000 three months ago. 06 reg 4900 miles £51800 list.

Ouch. That's quite a hit on 3 months ownership.

[pikey]

kayc said:

Theres also an 06 car there for sub 40k so i would think its way too expensive.

You're right, www.pistonheads.com/sales/102302.htm , however the options are pretty poor:

Basalt Black (how much is this) £600?
Leather (can't remember this either £500?
Porsche Sound System (that's the basic, no extra charge, one isn't it?) £0
PSM: Included £0
Climate: £300
19" Design : £1200

So that would look like about £2.5k-ish, so not only would the original price would be lower but it's less desirable.

My thoughts anyway

[kayc]

pikey said:

kayc said:

Theres also an 06 car there for sub 40k so i would think its way too expensive.

You're right, www.pistonheads.com/sales/102302.htm , however the options are pretty poor:

Basalt Black (how much is this) £600?
Leather (can't remember this either £500?
Porsche Sound System (that's the basic, no extra charge, one isn't it?) £0
PSM: Included £0
Climate: £300
19" Design : £1200

So that would look like about £2.5k-ish, so not only would the original price would be lower but it's less desirable.

My thoughts anyway

It must have been 48k ish new though?

[jezzaaa]

One thing always seems to be true of Porsches; you lose all the money you spent on options....and you lose even more if you didn't spec nice wheels, metallic paint and a few other choice goodies. Then, if you're trading it in to an OPC, you lose their costs and margin. And that's assuming they tell you it's worth the price of a new standard one - they're likely to figure it's depreciated some. In all probability if you bought a £50K Cayman S and it's a month old....you'll get: -

£50000
-£6000 options
-£4000 dealer margin

Trade in value £40,000.

Then they put it on their forecourt for near as damn it list.

Seems fair to me...NOT.

J.

[sundiver]

£48k sounds a touch optimistic but it'll be interesting to see if it goes.

My 5k miles '06 Arctic Cayman S has a high spec (full black leather, Sports Seats, BiXenon, Auto Climate, Extended SatNav, 19" SDs, Phone, Sound Upgrade, Park Assist, MF Steering Wheel, Installed Porsche Tracker and other stuff I can't quite recall) and I'd be pretty happy to see even close to that price for it to be honest. My opinion is that depreciation starts *after* the £3-5k it loses once you drive away in it...

Hell of a car though - very very highly recommended.

[fidgits]

maybe he believed the dealer when they said it would hardly depreciate

[pikey]

jezzaaa said:

In all probability if you bought a £50K Cayman S and it's a month old....you'll get: -

£50000
-£6000 options
-£4000 dealer margin

Trade in value £40,000.

But the thing is a car without those 6,000 of options would be valued even less (being a pig to shift).

Of course the only way to avoid it is to either not buy new.... not buy at all

[adam b]

pikey said:

Leather (can't remember this either £500?
Porsche Sound System (that's the basic, no extra charge, one isn't it?) £0

try 1150 for leather, and just under 400 for PSP+ which should be std in any half decent car

[pikey]

fidgits said:

maybe he believed the dealer when they said it would hardly depreciate

Personally I never asked - I knew if I did the answer received would be a fib!

It's taken me about 8 years to figure that out

[pikey]

adam b said:

just under 400 for PSP+ which should be std in any half decent car

I thought there was:

"Porsche Sound System" which is included / standard)
"Surround Sound plus" which is £380
"BOSE digital surround" which £790

So that the example was the basic one.

[adam b]

true, maybe its another example of the annoying habit of sellers listing std kit in an ad

[pikey]

adam b said:

true, maybe its another example of the annoying habit of sellers listing std kit in an ad

Hey, when I sell my car I'm going to shout about the installed PSM - standard or not!!

(I do love PSM )

[adam b]

don't forget to list airbags, ABS and electric windows like some ads do!

[deutscher]

adam b said:

don't forget to list airbags, ABS and electric windows like some ads do!

Ads that list all the standard features as if they are something special are a pet hate of mine.