Current market
Discussion
Sukh13 said:
991.1 prices are finally softening. Lots of cars have been on sale for a number of months and sellers are finally discounting to shift them.
I would like to think how much he could’ve got if traded to WBAC et al back in October.
The ad is no longer there so presumed it has sold.
Edited by ABMA on Sunday 7th April 05:43
It’s been a lifetime and I’m finally in a position to get a 911.
My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
Been a Porsche owner for many years, and 911 values are normally pretty robust.
They have their occasional dips, and that is what we are seeing at the moment, which means it’s a ‘buyer’s market’ and historically a good time to buy.
This is especially true if you are buying to use and enjoy - that’s where the real value lies.
Don’t worry too much about WBAC or Motorway, in my experience they don’t understand the nuances of the 911s.
They have their occasional dips, and that is what we are seeing at the moment, which means it’s a ‘buyer’s market’ and historically a good time to buy.
This is especially true if you are buying to use and enjoy - that’s where the real value lies.
Don’t worry too much about WBAC or Motorway, in my experience they don’t understand the nuances of the 911s.
nrdsrfr said:
It’s been a lifetime and I’m finally in a position to get a 911.
My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
I won’t bother much about WBAC et al when evaluating sports cars. My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
Also the £15k difference includes the preparation, 2 years warranty, etc. So in real terms, the difference is less than £10k.
By all means negotiate the price and best of luck with the purchase. A Porsche is quite an experience.
Koln-RS said:
Been a Porsche owner for many years, and 911 values are normally pretty robust.
They have their occasional dips, and that is what we are seeing at the moment, which means it’s a ‘buyer’s market’ and historically a good time to buy.
This is especially true if you are buying to use and enjoy - that’s where the real value lies.
Don’t worry too much about WBAC or Motorway, in my experience they don’t understand the nuances of the 911s.
indeed i’m buying to enjoy it any chance I have. don’t see this as an investment, but just don’t want to buy mid dip and get hit with depreciation like something newer!They have their occasional dips, and that is what we are seeing at the moment, which means it’s a ‘buyer’s market’ and historically a good time to buy.
This is especially true if you are buying to use and enjoy - that’s where the real value lies.
Don’t worry too much about WBAC or Motorway, in my experience they don’t understand the nuances of the 911s.
nrdsrfr said:
indeed i’m buying to enjoy it any chance I have. don’t see this as an investment, but just don’t want to buy mid dip and get hit with depreciation like something newer!
OPC is the most expensive way to buy a Porsche. If you are not 100% certain then I'd say don't do it.You can get a 911 for as cheap as 10 grand. A 991 GTS will depreciate quickly especially if paying OPC price.
The only way to definitely suffer less depreciation is pay less.
Do you have to get a 991.1 GTS as your first 911?
ATM said:
OPC is the most expensive way to buy a Porsche. If you are not 100% certain then I'd say don't do it.
You can get a 911 for as cheap as 10 grand. A 991 GTS will depreciate quickly especially if paying OPC price.
The only way to definitely suffer less depreciation is pay less.
Do you have to get a 991.1 GTS as your first 911?
£67k for a GTS from an OPC would be well below any currently listed, though with relatively high milesYou can get a 911 for as cheap as 10 grand. A 991 GTS will depreciate quickly especially if paying OPC price.
The only way to definitely suffer less depreciation is pay less.
Do you have to get a 991.1 GTS as your first 911?
What options has it got on it?
It was a £95k car almost 10 years ago. Now £67k, so lost only £30k in that time.
If you want a 4 and also want a GTS you have to pay the price.
Beautiful guards red with the sport chrono wheels 991.2 Carrera S with 50k miles at £53k on autotrader, and there have been some 991.2 Carrera S cars with around 50k miles for £20,000 less than the GTS.
For me, if it was the right colour and the right spec. I could argue a case for it, as it would be a keeper.
But many will look at a 992 Carrera with 25k miles for £10k more and be tempted by that because it is a newer car.
For me the age thing starts to come into play, as these hit 10 years old they can start to get expensive, as they hit 15 years old, really expensive. Haha
I guess that is why Porsche stop offering a warranty at 15 years old?
I just think you have got to buy with your heart, you know deep down if you will get value from it or not.
It was a £95k car almost 10 years ago. Now £67k, so lost only £30k in that time.
If you want a 4 and also want a GTS you have to pay the price.
Beautiful guards red with the sport chrono wheels 991.2 Carrera S with 50k miles at £53k on autotrader, and there have been some 991.2 Carrera S cars with around 50k miles for £20,000 less than the GTS.
For me, if it was the right colour and the right spec. I could argue a case for it, as it would be a keeper.
But many will look at a 992 Carrera with 25k miles for £10k more and be tempted by that because it is a newer car.
For me the age thing starts to come into play, as these hit 10 years old they can start to get expensive, as they hit 15 years old, really expensive. Haha
I guess that is why Porsche stop offering a warranty at 15 years old?
I just think you have got to buy with your heart, you know deep down if you will get value from it or not.
nrdsrfr said:
It’s been a lifetime and I’m finally in a position to get a 911.
My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
If you use WBAC as a guide you're wasting yyour time, buy the car the car you lust after and look at condition and history and trust your gut feel.My local OPC just got in a 2015 991.1 GTS 4 with 51k. Asking £67k which seems par for ads (ie cars that *haven’t* sold).
Was following this thread and curious if the consensus is that prices are not crazy anymore and what people think the next 1-3 years value of this car might be?
I never thought to check WBAC until seeing it here. Price they gave was £52k so I’m feeling nervous if I had any remorse it’s a 15k difference off the lot. Should I negotiate asking price??
OPC you will pay top price but have peace of mind if that's the way you want to play it.
Given px offers from an OPC if you drove it out of the showroom and spun it back for px they'd be at c£12k less than you've just paid. They'll argue that vehicle prep, service and 2yr warranty (its an insurance back product so dealerships have to buy it) are factored into their pricing. If all that costs £5k, it leaves £7k then take the tax/VAT off margins don't seem that greedy, although I can't get my head around it.
Ignore WBAC if you were to resell it in the future base it mid way between OPC px and listing price to move it on.
Given px offers from an OPC if you drove it out of the showroom and spun it back for px they'd be at c£12k less than you've just paid. They'll argue that vehicle prep, service and 2yr warranty (its an insurance back product so dealerships have to buy it) are factored into their pricing. If all that costs £5k, it leaves £7k then take the tax/VAT off margins don't seem that greedy, although I can't get my head around it.
Ignore WBAC if you were to resell it in the future base it mid way between OPC px and listing price to move it on.
The pricing in adverts is erratic with some private sellers asking for prices above specialists with good names, and OPCs. Sellers with excellent reputations such as Paragon, are frequently not the most expensive listed, yet in my experience they prepare their cars to a very high standard (as I am sure do others with similar, well deserved good reputations). Erratic markets can indicate a state of change which may see significant short term volatility in price.
As for a 991.1 GTS, these may hold their value a little better than the market average due to the relatively small production numbers. 991.2 GTS was sold in larger numbers and the 992GTS in even larger numbers. The same is true for Porsche testing the market with the T range. The 991.2 T, small numbers and still quite string residuals. 992 T, larger numbers as Porsche added the T range to its normal portfolio.
Whatever the market, the 911 is a very good car regardless of the model. Personally, I don't believe there is such a thing as a 'bad' 911, however, the model range is now increasing diverse and certain product is likely to deliver at a very high level but in a narrower environment. eg track biased GT cars. For me the 911 always excelled as being the car that could do just about everything very, very well. A good example is latest 911 Carrera, a very fast car in its least powerful offer and probably not one to rule out.
Best of luck with the purchase and enjoy the experience of buying and owning your first 911.
As for a 991.1 GTS, these may hold their value a little better than the market average due to the relatively small production numbers. 991.2 GTS was sold in larger numbers and the 992GTS in even larger numbers. The same is true for Porsche testing the market with the T range. The 991.2 T, small numbers and still quite string residuals. 992 T, larger numbers as Porsche added the T range to its normal portfolio.
Whatever the market, the 911 is a very good car regardless of the model. Personally, I don't believe there is such a thing as a 'bad' 911, however, the model range is now increasing diverse and certain product is likely to deliver at a very high level but in a narrower environment. eg track biased GT cars. For me the 911 always excelled as being the car that could do just about everything very, very well. A good example is latest 911 Carrera, a very fast car in its least powerful offer and probably not one to rule out.
Best of luck with the purchase and enjoy the experience of buying and owning your first 911.
IMac said:
The pricing in adverts is erratic with some private sellers asking for prices above specialists with good names, and OPCs.
I agree, most private sellers seem to have very unrealistic expectations. Unless they have something very special they should be trying to sell at £3-4k over trade. Many seem at specialist prices or even higher in some cases. If I'm buying at that price, I want the reassurance that comes from buying from an OPC or specialist. I would buy privately with the right checks and inspections done, but only if priced sensibly.
And a couple of manual examples. Both 3.4 with similar mileage and reasonable spec. I expect both are £10-15k over trade price but one is at a Porsche dealer with a great warranty and the other is private. 911 virgin had a manual 3.4 that sold at £46k at the weekend in Mexico blue, priced right.
Better deal here. S with 8 months Porsche Warranty, PPi from top specialist..
https://rpmtechnik.co.uk/porsche-sales/vehicle/991...
https://rpmtechnik.co.uk/porsche-sales/vehicle/991...
Sukh13 said:
Youforreal. said:
Their cars, can ask what they want for them and will end up holding on to them if they don’t sell, don’t see any issues with what they ask.
Of course, it makes perfect sense that private sales are priced at the same level or more than dealer cars. Lol.Youforreal. said:
Sukh13 said:
Youforreal. said:
Their cars, can ask what they want for them and will end up holding on to them if they don’t sell, don’t see any issues with what they ask.
Of course, it makes perfect sense that private sales are priced at the same level or more than dealer cars. Lol.In a thread about the current market, people are making observations about prices. Heaven forbid!
Edited by Sukh13 on Wednesday 10th April 14:51
Sukh13 said:
Youforreal. said:
Sukh13 said:
Youforreal. said:
Their cars, can ask what they want for them and will end up holding on to them if they don’t sell, don’t see any issues with what they ask.
Of course, it makes perfect sense that private sales are priced at the same level or more than dealer cars. Lol.In a thread about the current market, people are making observations about prices. Heaven forbid!
Edited by Sukh13 on Wednesday 10th April 14:51
Can’t have those pesky private sellers pulling a fly one.
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