How long before a £100k 992 GTS?

[Hobo]

So effectively the bidder was willing to go up to £101,304.00 (ie £94,500 plus 7.2% fees).

[kith]

Hobo said:

So effectively the bidder was willing to go up to £101,304.00 (ie £94,500 plus 7.2% fees).

That's if it was a genuine (and not chandelier) bidder.

[bennno]

WCZ said:

sounds about right, higher than I expected slightly though

unsold because there was a reserve? wonder what it was set at

Was exactly in the ballpark of what i said below, 95k + fees would have made it the cheapest one thus far.

Knowing how CC works the reserve would have been 98k+ or they'd probably have offered to split their 7.2%

[GT4P]

How about one under £100k at an OPC, trade must be in the 80s
https://finder.porsche.com/gb/en-GB/details/porsch...

[Hobo]

So 109k new (base price), plus 10k of options, making it just under 120k when initially registered in December 2021 (2 years ago). 20k (or 16.6%) depreciation in 2 years.

I appreciate the owner didn't likely get north of 90k, so depreciation to them around 30k, but still that's only 25% in 2 years and the market is clearly not in a good position currently, so I'd say that's great as could have lost significantly more on similar valued cars in 6 months never mind 2 years.

[numtumfutunch]

Hobo said:

So 109k new (base price), plus 10k of options, making it just under 120k when initially registered in December 2021 (2 years ago). 20k (or 16.6%) depreciation in 2 years.

I appreciate the owner didn't likely get north of 90k, so depreciation to them around 30k, but still that's only 25% in 2 years and the market is clearly not in a good position currently, so I'd say that's great as could have lost significantly more on similar valued cars in 6 months never mind 2 years.

Configurator has it at 132k

And what would the list price have been 2y ago? Less I suspect

Cheers

[bennno]

numtumfutunch said:

Configurator has it at 132k

And what would the list price have been 2y ago? Less I suspect

Cheers

At least 11% less

[Denno B]

GT4P said:

How about one under £100k at an OPC, trade must be in the 80s
https://finder.porsche.com/gb/en-GB/details/porsch...

Wouldn’t surprise me if trade price began with a 7.

[paul0843]

Denno B said:

GT4P said:

How about one under £100k at an OPC, trade must be in the 80s
https://finder.porsche.com/gb/en-GB/details/porsch...

Wouldn’t surprise me if trade price began with a 7.

As a GTS owner,not quite sure why it’s a surprise to anyone that this car’s depreciate.
IMO it’s only an issue if you can’t afford the car . I bought it to enjoy,not what it will be worth when I sell it .

[Denno B]

paul0843 said:

As a GTS owner,not quite sure why it’s a surprise to anyone that this car’s depreciate.
IMO it’s only an issue if you can’t afford the car . I bought it to enjoy,not what it will be worth when I sell it .

It’s not a surprise, the question at start of thread was when will we see them at £100k, so it’s took 9 months or so.

[GT4P]

They have gone from in demand £150k as overs cars to £100k cars so have seen massive depreciation unless you paid list and didn’t go mad on options!
Always have maintained if you bought a car at list, use it then normal depreciation is no drama this use to be circa 70% retained value at 3 years before the over’s madness!

[bennno]

Denno B said:

GT4P said:

How about one under £100k at an OPC, trade must be in the 80s
https://finder.porsche.com/gb/en-GB/details/porsch...

Wouldn’t surprise me if trade price began with a 7.

Or started with a 9 if you wanted a new Taycan

[Hobo]

GT4P said:

They have gone from in demand £150k as overs cars to £100k cars so have seen massive depreciation unless you paid list and didn’t go mad on options!
Always have maintained if you bought a car at list, use it then normal depreciation is no drama this use to be circa 70% retained value at 3 years before the over’s madness!

'Overs' for a GTS model was always ridiculous. It was nice knowing you had a car which hadn't depreciated (I got an early Targa GTS), but it wasn't hard to get one, so paying 20k over is mental.

That said, it wasn't just a Porsche thing. I remember taking delivery of mine and likely being able to make 25k quite easily, but to buy what ? Everything had gone up, you couldn't get a slot or was trading over list, so it really didn't seem like a genuine 'over' to me, more just the market at the time.

The car above was 109k list with 10k of options, so 119k when new. It's now 100k after 2 years. The talk of the owners getting 'starting with a 7' is ridiculous talk. It would be mid/late '8's' IMO, so we are at 25-30% drop in 2 years, which to me seems pretty good compares with other some other cars on the market at this price point.

[Denno B]

Hobo said:

'Overs' for a GTS model was always ridiculous. It was nice knowing you had a car which hadn't depreciated (I got an early Targa GTS), but it wasn't hard to get one, so paying 20k over is mental.

That said, it wasn't just a Porsche thing. I remember taking delivery of mine and likely being able to make 25k quite easily, but to buy what ? Everything had gone up, you couldn't get a slot or was trading over list, so it really didn't seem like a genuine 'over' to me, more just the market at the time.

The car above was 109k list with 10k of options, so 119k when new. It's now 100k after 2 years. The talk of the owners getting 'starting with a 7' is ridiculous talk. It would be mid/late '8's' IMO, so we are at 25-30% drop in 2 years, which to me seems pretty good compares with other some other cars on the market at this price point.

Do you think Porsche would offer much more than webuyanycar at this moment in time for that £100k car? Because their trade bid is £78.5k so not far off the money.
Trading in any car at the minute is going to be real low ball offers imo, not just Porsches btw.

[ClubsportStr]

Denno B said:

Hobo said:

'Overs' for a GTS model was always ridiculous. It was nice knowing you had a car which hadn't depreciated (I got an early Targa GTS), but it wasn't hard to get one, so paying 20k over is mental.

That said, it wasn't just a Porsche thing. I remember taking delivery of mine and likely being able to make 25k quite easily, but to buy what ? Everything had gone up, you couldn't get a slot or was trading over list, so it really didn't seem like a genuine 'over' to me, more just the market at the time.

The car above was 109k list with 10k of options, so 119k when new. It's now 100k after 2 years. The talk of the owners getting 'starting with a 7' is ridiculous talk. It would be mid/late '8's' IMO, so we are at 25-30% drop in 2 years, which to me seems pretty good compares with other some other cars on the market at this price point.

Do you think Porsche would offer much more than webuyanycar at this moment in time for that £100k car? Because their trade bid is £78.5k so not far off the money.
Trading in any car at the minute is going to be real low ball offers imo, not just Porsches btw.

So it’s nearly Christmas as there as only been 1 GTS listed under £100k unless I missed some. What does that tell use about the market?

[Denno B]

There has been a handful at around the £100k mark now which have sold, so tells me that at least they sell at that price, others hovering above are still sitting there week after week, month after month. But punters are still buying at the lower end.

[AceRockatansky]

Hobo said:

Denno B said:

Apologies In advance for the how long is a piece of string value question but hear me out!

Bit of background first for context, I’ve had a deposit down on an Emira since July 2021 (i4 amg version). Various annoyances over the last year or two mainly due to poor comms from Lotus had me starting to look at alternatives. So much so that I was close to ordering a new Gts late last year.

I decided against stretching the budget as I thought I’ve got a good price locked in with the Lotus ( at the time we were told that if you had an early deposit there would be no price rise.) However that promise has been pulled and the car has gone up another 8% which is kind of sore but not a deal breaker yet and I still have my deposit in.

Despite this I still keep looking at the Gts and the extra practicality of the rear seats are appealing. But now that the interest rates have rocketed I can only afford a used car @ £120-130k region and that’s only if I sell my vx220t which I’m not sure I want to part with!

So it leads me to the question of how long realistically before we see these at around the £100k mark, which would mean I could keep the VX and cancel the Emira.

All i know is that the current ones for sale are not really going for overs anymore and there does seem to be a substantial amount of used cars on the market.

Priced have dropped a bit in the recent months for the early GTS cars, however seem to be firming up again now and I suspect strengthen more as summer becomes nearer.

I don't see a 100k GTS (in a decent spec) for at least another 12 months, maybe in line with Gen 2 cars being released to the market. Just look at the 991 GTS market. 5 year old cars are still around that price, so the chance of jumping into a 18 month old model is slim.

With inflation looking to drop significantly in the latter end of 2023 you would expect interest rates to drop again, and thus finance rates also, so once again the cars become more attractive to more people, supporting stronger used values.

That aged quickly.

[Hobo]

AceRockatansky said:

Hobo said:

Denno B said:

Apologies In advance for the how long is a piece of string value question but hear me out!

Bit of background first for context, I’ve had a deposit down on an Emira since July 2021 (i4 amg version). Various annoyances over the last year or two mainly due to poor comms from Lotus had me starting to look at alternatives. So much so that I was close to ordering a new Gts late last year.

I decided against stretching the budget as I thought I’ve got a good price locked in with the Lotus ( at the time we were told that if you had an early deposit there would be no price rise.) However that promise has been pulled and the car has gone up another 8% which is kind of sore but not a deal breaker yet and I still have my deposit in.

Despite this I still keep looking at the Gts and the extra practicality of the rear seats are appealing. But now that the interest rates have rocketed I can only afford a used car @ £120-130k region and that’s only if I sell my vx220t which I’m not sure I want to part with!

So it leads me to the question of how long realistically before we see these at around the £100k mark, which would mean I could keep the VX and cancel the Emira.

All i know is that the current ones for sale are not really going for overs anymore and there does seem to be a substantial amount of used cars on the market.

Priced have dropped a bit in the recent months for the early GTS cars, however seem to be firming up again now and I suspect strengthen more as summer becomes nearer.

I don't see a 100k GTS (in a decent spec) for at least another 12 months, maybe in line with Gen 2 cars being released to the market. Just look at the 991 GTS market. 5 year old cars are still around that price, so the chance of jumping into a 18 month old model is slim.

With inflation looking to drop significantly in the latter end of 2023 you would expect interest rates to drop again, and thus finance rates also, so once again the cars become more attractive to more people, supporting stronger used values.

That aged quickly.

Did it ?

I posted that in March and it’s now December and not sure we still don’t seem to have 100k cars yet.

Sat here now, I’d say short term there will continue to be a drop in prices for a few months but personally think things will then firm up as we go into Q2.

Only those that need to sell are currently doing so, whether that be because they have other cars coming or because they are stretched financially.

[Denno B]

Hobo said:

Did it ?

I posted that in March and it’s now December and not sure we still don’t seem to have 100k cars yet.

Sat here now, I’d say short term there will continue to be a drop in prices for a few months but personally think things will then firm up as we go into Q2.

Only those that need to sell are currently doing so, whether that be because they have other cars coming or because they are stretched financially.

Not currently but there has been a £100k car and few around that price low £100’s. It’s happened sooner than most thought to be fair when posted in March.

[detee]

I don’t understand how a very lightly used GTS is pretty much 911T money.

I had a 997 gts and 991.2 gts and loved them.