Current market
Discussion
If buying for dealer you need to immediately bake in what you have lost when you drive the car away - they need to make a profit.
If depreciation is a key factor, buying from a dealer like Ashgood will help as they are high volume and don't get greedy on what they try to make on each car.
Alternatively, buying a private car that has official Porsche warranty on it is always a great way to go, the warranty is transferred to you giving peace of mind.
If depreciation is a key factor, buying from a dealer like Ashgood will help as they are high volume and don't get greedy on what they try to make on each car.
Alternatively, buying a private car that has official Porsche warranty on it is always a great way to go, the warranty is transferred to you giving peace of mind.
n12maser said:
If buying for dealer you need to immediately bake in what you have lost when you drive the car away - they need to make a profit.
If depreciation is a key factor, buying from a dealer like Ashgood will help as they are high volume and don't get greedy on what they try to make on each car.
Alternatively, buying a private car that has official Porsche warranty on it is always a great way to go, the warranty is transferred to you giving peace of mind.
Warranty is a great pointIf depreciation is a key factor, buying from a dealer like Ashgood will help as they are high volume and don't get greedy on what they try to make on each car.
Alternatively, buying a private car that has official Porsche warranty on it is always a great way to go, the warranty is transferred to you giving peace of mind.
But it is only up to 12 years old right?
If so then when you come to sell bare this in mind. Early 991 cars are 2012. You might be paying a premium to get a warrantied car. But you wont be able to do the same when you sell. You can of course tell people it had warranty up to year x but then it will not.
Getting itchy feet for either a 991.1 S or Gts, though i dont want to be spending £70k on say a 2015 gts to then run it, and the associated costs involved, to find its worth 20k less in 3 years and probably only covered about 10k miles.
The sensible thing i guess is to hang on until the start of next year and see how things are evolving. The few i have enquired about are not budging much or need a few k spending on them straight away. These are all private sales.
Hard to know when sellers will start dropping prices but they are obviously following the market which isnt exactly moving much from what i can see, at least in the cars im interested in.
It would take some fall for a 70k gts 991.1 to be a 60k gts this tome next year, especially as £70k is already at the very lower price range for these, some with dealers are at 80-85k.
The sensible thing i guess is to hang on until the start of next year and see how things are evolving. The few i have enquired about are not budging much or need a few k spending on them straight away. These are all private sales.
Hard to know when sellers will start dropping prices but they are obviously following the market which isnt exactly moving much from what i can see, at least in the cars im interested in.
It would take some fall for a 70k gts 991.1 to be a 60k gts this tome next year, especially as £70k is already at the very lower price range for these, some with dealers are at 80-85k.
Is it really that far to fall?
https://collectingcars.com/for-sale/2015-porsche-9...
In November 2020 they were already at that price...
https://collectingcars.com/for-sale/2015-porsche-9...
In November 2020 they were already at that price...
Sukh13 said:
Is it really that far to fall?
https://collectingcars.com/for-sale/2015-porsche-9...
In November 2020 they were already at that price...
Plus the fees would bring it up to approx £66k 3 years ago. https://collectingcars.com/for-sale/2015-porsche-9...
In November 2020 they were already at that price...
CK11 said:
£50,000 991.1 s
£70,000 991.1 gts
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?
Absolutely no chance! £70,000 991.1 gts
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?
You will loose that by Xmas.
3 years time no one knows, but be realistic, they will then be nearly 15 year old cars.
The reality is these cars are still seriously over priced compared with 2019.
Buy a 991.1 Carrera now for as close to £40k as you can, even if it has a few miles on it already, put 30k miles on it and get £29k back on it. Hopefully.
I think I would rather spend £65k on a low milage 991.2 Carrera T, I reckon more chance of that only losing £20-25k over 3 years and 30k miles.
GTS might surprise everyone, being the last NA GTS and hold its money, but at the same time it could loose £30k as a trade in easily. What I do think will happen is we will see them dip far quicker than 3 years, probably by next year, and then lose very little before levelling out. Thing is if it loses £15-20k by next spring, don't panic.
The days of driving 'the last model' 911 for 3 years and only losing £10k was a rarity, and that is now over.
CK11 said:
It would take some fall for a 70k gts 991.1 to be a 60k gts this tome next year, especially as £70k is already at the very lower price range for these, some with dealers are at 80-85k.
Put those reg numbers into WBAC today and see what that £85k car is trading at. Dealers are sat on stock they have paid too much for.
What would the PH hive mind do if say someone was in the market for a 997 Turbo manual, had the money available and a space in the garage?
Not many around right now, those that are all have nothing special about them to warrant jumping into it, but asking prices remain absolutely firm. I don't (or rather don't want to) have the patience to stick the money in the bank and come back after Xmas, even though logic suggests prices are going to fall.
Are some of the older Pork more immune to market forces? I sold my last one for £57k back in 2021, paying more than that now feels a bit incongruous with where the current market is looking to be headed.
Not many around right now, those that are all have nothing special about them to warrant jumping into it, but asking prices remain absolutely firm. I don't (or rather don't want to) have the patience to stick the money in the bank and come back after Xmas, even though logic suggests prices are going to fall.
Are some of the older Pork more immune to market forces? I sold my last one for £57k back in 2021, paying more than that now feels a bit incongruous with where the current market is looking to be headed.
It will be interesting to revisit this in 6 -9 months. I personally dont think there will be as big as drops that some people are predicting. I think the 991.1 will be a future classic to be honest, last NA etc. it will depreciate of course but not to the extent mentioned.
As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
CK11 said:
It will be interesting to revisit this in 6 -9 months. I personally dont think there will be as big as drops that some people are predicting. I think the 991.1 will be a future classic to be honest, last NA etc. it will depreciate of course but not to the extent mentioned.
As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
Problem is every model is hailed as a future classic, how many can there be and how many people to buy them?As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
Simply answer is put the reg of the car you are currently interested in into WBAC, if todays value between the retail price and trade price isn’t a shock factor in another 20% for the next two years and that’s probably your future value.
Just remember a lot of cars are currently over valued and sticking .
Just be prepared to loose something.
Just remember a lot of cars are currently over valued and sticking .
Just be prepared to loose something.
CK11 said:
It will be interesting to revisit this in 6 -9 months. I personally dont think there will be as big as drops that some people are predicting. I think the 991.1 will be a future classic to be honest, last NA etc. it will depreciate of course but not to the extent mentioned.
As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
991's could be had for a bit under £40k before Covid, talking Carrera and Carrera 4 coupes here, they are now starting to get back to those prices again for the first time, albeit with higher mileages, but if Covid had not happened they would now be £30-35k.As much as id love one now, I think i will wait it out anyway until i can see some sort of trend and then make a decision.
The one thing that has helped prices remain high is the fact a 992 Carrera has gone from being £80k with a bit of discount to now being £100k. Not having that £80k 992 on used with an OPC at 3 years old for £60k is skewing the used prices of 991s, and everything else for that matter. We are still seeing 991s with OPCs at that price point.
But we are already seeing prices coming down, slowly, and that will have a knock on. Not having to wait 2 years, no one paying overs, will have a huge effect on prices, but the reality is, it is only really just starting, and many out there have stock that owes them £xxx, and so they can't just say, well it is now worth £10-20k less, let's just take a hit on all our stock to get them moved. They will go bust.
The only true reality we have on what these cars are really worth is what a dealer will pay you now, they are now pricing them to buy in where they truly see the market today and going forwards.
Mate who trades bought a base 991, 2012, with PASM but no PSE and 76k miles for £35k this week. He knew wheels needed doing, but also service is October so it is in having that done and they have given it a once over and said it needs a couple of suspension arms, new rear tyres and front top mounts.
So he has gone from thinking this was a huge bargain when he agreed to buy it last month to now wondering if there is any profit in it.
He said being realistic it is now a £40k car, not £45k like last month, if you want it to actually sell.
He said just seeing that red 991 Carrera advertised at £37,500 on Autotrader with 79k miles on it will start to change people's perception of what 991's should be price wise. He is desperate for that car to get sold asap.
Also, like he said, his 991 it is going to appeal to cash buyers or someone with at least £15-20k deposit so they can get a bank loan for £25k or finance with him for £25k as a straight repayment.
If you put £15,000 down, even at 9.9% apr it is still a £650 a month car.
Lenders not interested in PCP on a car that will hit 15 years old during the term.
It is the last of the NA cars, it is also not as big as the 992, so you may be right, it might appeal to many for those reasons alone. Who knows?
But I think they have a fair way to fail as yet before they start to go back up.
When they hit £35k I will grab one, Carrera or S, don't care as long as it has PASM (I want the DSC controller) at that point who cares if they go to zero, great buy.
Ed.Neumann said:
CK11 said:
He said just seeing that red 991 Carrera advertised at £37,500 on Autotrader with 79k miles on it will start to change people's perception of what 991's should be price wise. He is desperate for that car to get sold asap.
The real problem will be when it hasn't sold and we move into winter proper, then you know the market is in trouble! bosshog said:
I’m I the market again for a 991 gen car. Looking at the trade values vs price advertising for private sales they are all trade plus 10k. Seem to be dreaming to me. Even some of the non OPC are 12-15k over current trade.
Is everyone is denial or are the likes of WBAC way off?
Looking at trade bids on other sites (e.g. Motorway, Carwow) Spreads are 15% to 20% Is everyone is denial or are the likes of WBAC way off?
So what would be a £60k retail (private sale) car might only get bids of around £50k
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