Dealer Prices Increased For 981 CGTS - Reaction To 718 GTS?

[Twinfan]

I doubt you'd see any of it back, no. You could fit it and sell the standard stuff to recoup some costs though.

Edited by Twinfan on Thursday 11th January 17:47

[ellroy]

I’d agree, you would see nothing much back at all, so only worth doing if you want to hang on to the car and it suits your style of driving.

[Hollaway]

Hi guys I’m new...

Anyone looked at the cayman GTS on autoT? White one up for 51,970.

Higher miles but nice spec. What you pay for it?

[bo duke]

Hollaway said:

Anyone looked at the cayman GTS on autoT? White one up for 51,970.

Higher miles but nice spec. What you pay for it?

Hi Holloway, if its the one at UKI Sudbury, its been for sale since about 20/10/17 and started at £52,970.
No Gucci options (e.g. PCCB, PTV, GTS interior pack or adaptive/bucket seats), but has PCM, heated seats and the GTS exterior pack - so not bad.
Haven't seen one with that many miles before (50k), but Id say £51,970 is a bit high - and more than an OPC would charge (with a 2 year warranty thrown in).
e.g. There was a 2016 (65 plate) manual, with 30k miles, in GT silver, with GTS interior pack, at OPC Sheffield 3 months ago for £53,990. And a PDK CGTS with 30k miles in red with PTV, at OPC West London 2 months ago for £49,935.
Id be aiming to get it for £50k max. Which they might be open to, now they've had it a few months.
If they stick at £51-52k, there are a few cars around £54k that Id be going to see first - on OPC and Autotrader.

Good luck!

[Twinfan]

It's also got cruise, phone prep etc. It's a very nice spec, and would have been pushing £70k when new.

The mileage is killing its resale value, so if you're happy with it and can get it for under £50k I'd say you've done alright.

[Hollaway]

Sorry it’s took this long to reply. They locked all new members out of the site for abuse or something. I’ve just been able to reply!

How much to you think it will be worth in one year with 55k on the clock? Would you guys buy it and if so how much would you pay to retain as much money as possible on resale.

I’m in the market for one and I’m a cash but just see the point of spending 55/57k on one when I can get a nicely spec’d new one for 67k with zero miles and new warranty. I completely understand the new engine is rubbish but new is new at the end of the day. I’m a 981 cgts fan so I would prefer one of them but just not willing to pay near 60k for one. I’ve seen the cgts’s on autoT just below the one I’m looking at but the spec isn’t nice on the blue one and the other white one from OPC hasn’t got pasm which is a must for me. The others on there are just to much money for me.

Thank you guys for your advice

[S666SBD]

Hollaway said:

Sorry it’s took this long to reply. They locked all new members out of the site for abuse or something. I’ve just been able to reply!

How much to you think it will be worth in one year with 55k on the clock? Would you guys buy it and if so how much would you pay to retain as much money as possible on resale.

I’m in the market for one and I’m a cash but just see the point of spending 55/57k on one when I can get a nicely spec’d new one for 67k with zero miles and new warranty. I completely understand the new engine is rubbish but new is new at the end of the day. I’m a 981 cgts fan so I would prefer one of them but just not willing to pay near 60k for one. I’ve seen the cgts’s on autoT just below the one I’m looking at but the spec isn’t nice on the blue one and the other white one from OPC hasn’t got pasm which is a must for me. The others on there are just to much money for me.

Thank you guys for your advice

My White 981 S is for sale at Paragon .... with PASM .... only 5,000 m from new ... Check it out .
If you would like a list of the Options on it .... reply to this Post .

[Hollaway]

Sorry buddy I’ve had a cayman S. Nice cars but just missing the shape look of the gts I think.

[Prestonese]

Hollaway said:

Sorry it’s took this long to reply. They locked all new members out of the site for abuse or something. I’ve just been able to reply!

How much to you think it will be worth in one year with 55k on the clock? Would you guys buy it and if so how much would you pay to retain as much money as possible on resale.

I’m in the market for one and I’m a cash but just see the point of spending 55/57k on one when I can get a nicely spec’d new one for 67k with zero miles and new warranty. I completely understand the new engine is rubbish but new is new at the end of the day. I’m a 981 cgts fan so I would prefer one of them but just not willing to pay near 60k for one. I’ve seen the cgts’s on autoT just below the one I’m looking at but the spec isn’t nice on the blue one and the other white one from OPC hasn’t got pasm which is a must for me. The others on there are just to much money for me.

Thank you guys for your advice

For something with this mileage I'd imagine it would need to be a long term keeper as when it comes to sell you'll find lots of discerning buyers when it comes to mileage. That said, it's decent value (maybe a touch on high side) to get into a GTS if it has the spec you want. The 3.4 is quite a solid lump so I wouldn't think a high miler will give you too much trouble.

If I had to take a view I suspect you would lose less on this than a brand new 718 GTS. But if you don't care about depreciation and just want a new one, then go for the new model. There might be a long wait though depending on if your dealer has a build slot.

As always, it's complicated!

[bo duke]

Hollaway said:

How much to you think it will be worth in one year with 55k on the clock? Would you guys buy it and if so how much would you pay to retain as much money as possible on resale.
...
I’m a 981 cgts fan so I would prefer one of them but just not willing to pay near 60k for one. I’ve seen the cgts’s on autoT just below the one I’m looking at but the spec isn’t nice on the blue one and the other white one from OPC hasn’t got pasm which is a must for me. The others on there are just to much money for me.

Assuming you'd be selling privately, I reckon you'd probably be advertising for £45k in a year. Which will make it one of the cheapest available, though as folks have said, may not be huge market for big miles.

What about the red PDK one on autotrader at Kingsbury Hampton? Its on for £54,950, but its been up for sale since October, and only done 12k miles. Nice spec too (GTS interior and adaptive seats, plus GTS exterior pack, climate and PCM by the looks). They might take a cheeky offer around £52k?

Or the Carmine red manual on autotrader at Vogue? That's on for £54,890, which seems high given non-OPC and the miles (27.9k). I think it looks cracking, and suspects manuals will hold their value better long term, because they are so rare.

Edited by bo duke on Saturday 13th January 16:42

[bcr5784]

I think you have to factor in the sort of mileage you would do. If you are doing a highish mileage then it won't take long before you have a car approaching 100k miles which will be hard to sell. If you are doing only 3 or 4k/year then it's not such an issue.

[bo duke]

Maybe also consider the risk of needing a clutch replacement around 50k+ miles, which is a grand you could put toward a lower mileage car?

[Hollaway]

Would you pay 48k/49k for it? I don’t plan on doing more the 5k miles on it and only plan on owning it a year.

[Hollaway]

I saw the red one, but I’m not a fan of red. Plus I love the turbo wheels.

[bo duke]

Hollaway said:

Would you pay 48k/49k for it? I don’t plan on doing more the 5k miles on it and only plan on owning it a year.

Its a strange phenomena, but I think Porsche folk are generally wary of private sales (not sure why, Id always much rather meet the previous owner).

Ive seen very few GTS for sale privately so far, and they've been at least 2-3k cheaper than dealer prices. With high miles, people may want even more off, to compensate for the additional (perceived) risk, unless its a particularly rare spec car and they have no dealer option.
e.g. a private BGTS with 22k miles went on in August last year for £54.5k, but was still for sale and down to £49k by the time it disappeared in January.

To be honest, I think you'd only get £47-48k (for a £50k dealer car) if you sold it the next day privately. From there, I think the depreciation would be pretty good if you got a car with the right spec. Probably only another grand or two over the year, which is pretty good for a car that new/at that price.

Easiest way to avoid depreciation is probably to buy privately, at the lower price.

Edited by bo duke on Saturday 13th January 17:24

[Hollaway]

Completely understand all what you’ve said. Lol everyone keeps going around my question. What do you think that car is worth... The white cgts on autoT for £51,970 with 49600miles and 3 owners. What would you say is a good/great price to pay for it and what would it be worth in a year with 5k more miles?

[bo duke]

Hollaway said:

Completely understand all what you’ve said. Lol everyone keeps going around my question. What do you think that car is worth... The white cgts on autoT for £51,970 with 49600miles and 3 owners. What would you say is a good/great price to pay for it and what would it be worth in a year with 5k more miles?

£49-50k now - depending on how much you love the spec (you will love the car - they're utterly brilliant).
£45k when you sell it privately in a year.

Go for it. I'd happily pay £5k for my first year in mine. Don't pay £52k though, the miles are high, and you will find something better privately for les money, and suffer less depreciation.

[bo duke]

...or just buy it, suck up £7k depreciation, and live the dream for a year.
To be honest, I don't reckon you'd sell it after a year anyway, as I'm struggling to think of anything better. So the initial hit on depreciation will even out after a couple of years anyway.
Apologies, I have embibed.

Edited by bo duke on Saturday 13th January 22:19

[Hollaway]

I’m just worried about selling it. I’de be to sell in a year and get 45k after paying 49/50 but after selling my cayman s 14 plate with only 12k on clock, still being in warranty and it taking a couple of months of ridiculously fussy Porsche buyers coming to see it before it sold. I’m worried about selling a car with 54/55k miles to what seems to be the most fussy crowd of all brands...

Also if when the 718 GTS is out it affects the prices on the 981 GTS then I’m screwed for sure!

What’s your opinion

[davidc1]

Telegragh just gave the 718gts an average review.the author james mills prefers the alpine.