Dealer Prices Increased For 981 CGTS - Reaction To 718 GTS?
Discussion
Early reviews on the 718GTS have been out for a while, no miraculous exhaust note change, or looming threat to 981GTS prices.
But agree selling a Porsche privately can be tough, and a lot will want lower miles on a £40-50k car.
But a 55k mile/£45k GTS will also probably be cheapest on market, and still probably quite reliable. So suspect will sell ok, as long as you aren’t in a hurry.
New Alpine is interesting isn’t it? I’d love a go, but couldn’t imagine actually buying one for anywhere near £50k. Because...Lotus/Old Alpines. I shouldn’t say that out loud should I? It’s the magic whiskey talking.
But agree selling a Porsche privately can be tough, and a lot will want lower miles on a £40-50k car.
But a 55k mile/£45k GTS will also probably be cheapest on market, and still probably quite reliable. So suspect will sell ok, as long as you aren’t in a hurry.
New Alpine is interesting isn’t it? I’d love a go, but couldn’t imagine actually buying one for anywhere near £50k. Because...Lotus/Old Alpines. I shouldn’t say that out loud should I? It’s the magic whiskey talking.
Edited by bo duke on Saturday 13th January 23:24
Haha the alpine is like a 3/4 hard on... Almost there but not quite haha!
To the other comment, I do want a cgts but it’s a though market at the moment as nobody knows what’s going to happen to 981gts prices when the 718 is out... it’s ok for you guys that already own them as if you see the market dipping you can up and sell. But I would of just got in mine and if I go to sell and the market has doubled from 20 cars for sales to 40 cars for sale i’ll Be in trouble.
Also who actually buys cars out right for cash these days... it’s a though market for private sellers of highly priced cars these days. We now live in a world of living on finance! Look at it like this I have a choice, I spend £49/50k on the high miles car hope the market stays stable and sell in a year with an extra 5k miles on the clock for £45/46k that would be ideal! Or buy it for £49/50k the market goes bad and I sell it in a year for £39/40k...
Other option is to spend big buy a low miles car and the exact same problem occurres with the market! Do you see what I mean??
The reason I’m thinking the cheaper of the two “high miles car” is because I would have less money in it and therefore less heart attack risk haha
To the other comment, I do want a cgts but it’s a though market at the moment as nobody knows what’s going to happen to 981gts prices when the 718 is out... it’s ok for you guys that already own them as if you see the market dipping you can up and sell. But I would of just got in mine and if I go to sell and the market has doubled from 20 cars for sales to 40 cars for sale i’ll Be in trouble.
Also who actually buys cars out right for cash these days... it’s a though market for private sellers of highly priced cars these days. We now live in a world of living on finance! Look at it like this I have a choice, I spend £49/50k on the high miles car hope the market stays stable and sell in a year with an extra 5k miles on the clock for £45/46k that would be ideal! Or buy it for £49/50k the market goes bad and I sell it in a year for £39/40k...
Other option is to spend big buy a low miles car and the exact same problem occurres with the market! Do you see what I mean??
The reason I’m thinking the cheaper of the two “high miles car” is because I would have less money in it and therefore less heart attack risk haha
Hollaway said:
Haha the alpine is like a 3/4 hard on...
That properly made me titter.I was squinting at 991S before buying the GTS, and sure I saw some that looked great on paper for 60k?
Agree on GTR but for different reasons (too huge/win button). Can’t help thinking R32 GTR will be worth a fortune one day though, very cool in dark grey/original spec.
Whatever GTS you buy, I reckon it will be hard to beat for overall depreciation/running costs, for such a new car. They still sell for more than they cost 2 years ago. GT4s sell for way more but they feel more volatile as a used buy than GTS.
The 991S that springs to mind at £60k was an agate grey manual with black leather at cridfords. The 991.1 loaners I’ve had were too comfy-GT/ less fun than 981 though.
On the white GTS, I reckon you’ve already mentally bought it. Just try to get them down to £50k fer chrissake, or you’ll lose your ass when you trade it in on a 991 in 12 months time ;-)
On the white GTS, I reckon you’ve already mentally bought it. Just try to get them down to £50k fer chrissake, or you’ll lose your ass when you trade it in on a 991 in 12 months time ;-)
Hollaway said:
Haha the alpine is like a 3/4 hard on... Almost there but not quite haha!
To the other comment, I do want a cgts but it’s a though market at the moment as nobody knows what’s going to happen to 981gts prices when the 718 is out... it’s ok for you guys that already own them as if you see the market dipping you can up and sell. But I would of just got in mine and if I go to sell and the market has doubled from 20 cars for sales to 40 cars for sale i’ll Be in trouble.
Also who actually buys cars out right for cash these days... it’s a though market for private sellers of highly priced cars these days. We now live in a world of living on finance! Look at it like this I have a choice, I spend £49/50k on the high miles car hope the market stays stable and sell in a year with an extra 5k miles on the clock for £45/46k that would be ideal! Or buy it for £49/50k the market goes bad and I sell it in a year for £39/40k...
Other option is to spend big buy a low miles car and the exact same problem occurres with the market! Do you see what I mean??
The reason I’m thinking the cheaper of the two “high miles car” is because I would have less money in it and therefore less heart attack risk haha
From what I’m reading on this and other posts, I wouldn’t buy one in your position. I understand that we all have an eye on future values and to this end Porsche and particularly the GTS models are some of the slowest depreciating cars in the market, but if you are constantly watching the value over your 12months and worrying if values are going to implode then you’re not going to enjoy your car as you should. Cars depreciate and if you can’t enjoy it for what it is at that time in your life then imo don’t buy it. Budget to lose £10k and if it’s less then you’ve won. To the other comment, I do want a cgts but it’s a though market at the moment as nobody knows what’s going to happen to 981gts prices when the 718 is out... it’s ok for you guys that already own them as if you see the market dipping you can up and sell. But I would of just got in mine and if I go to sell and the market has doubled from 20 cars for sales to 40 cars for sale i’ll Be in trouble.
Also who actually buys cars out right for cash these days... it’s a though market for private sellers of highly priced cars these days. We now live in a world of living on finance! Look at it like this I have a choice, I spend £49/50k on the high miles car hope the market stays stable and sell in a year with an extra 5k miles on the clock for £45/46k that would be ideal! Or buy it for £49/50k the market goes bad and I sell it in a year for £39/40k...
Other option is to spend big buy a low miles car and the exact same problem occurres with the market! Do you see what I mean??
The reason I’m thinking the cheaper of the two “high miles car” is because I would have less money in it and therefore less heart attack risk haha
You say that having more skin in the game for a newer/lower mileage Car will expose you further, but I’d question if that really is the case. If the market dives, people will still want the best and lowest mileage examples and higher mileage, lower spec cars are still going to drop and possibly even more.
981 is the last of the n/a engine and a peach of a car and the engine in the GTS is lovely and won’t be repeated again in our life time.
I think I’ve made my mind up. They key to it was the last moment which said budget to lose 10k and if that hurts your pockets to much your making the wrong choice at this time. One of my problems is I’m a cash buyer and I think I will feel the lose more then a finance buyer thought already accepted loss in the beginning! I think I will keep my money in the bank and hope a nice lower miles car comes on the market before the summer. Thank you guys
bo duke said:
Lol. And while we’re at it, you’ve had a 981S already. A GTS ain’t that different. Why not try something else, like a 991, 996T, C63, GTR, or new alpine?
You’ve got me thinking now - £50k to spend on something for 1 year, but can’t be a 981, or depreciate like a stone.
Can't be an Alpine - you won't get one until well into 2019 now, and I think the order book is still closed (but I might be mistaken on that) . But won't depreciate much in the short to medium term - too much pent up demand. I expect some flipping for profit this year - there's already been cars advertised well above list, and there haven't been any customer cars yet..You’ve got me thinking now - £50k to spend on something for 1 year, but can’t be a 981, or depreciate like a stone.
Edited by bcr5784 on Sunday 14th January 08:31
Just keep your eyes open and be ready to jump on one especially if your a cash buyer.
I was in a similar position exactly a year ago with £50-60k cash to spend on a 2 seater roadster. The 981 was my only choice (I hated the 718 turbo engine) and I toyed with high spec S to GTS’s with a £20k spread on outlay. Finding the ideal spec S for me (PASM, PDK, PSE, Sport chrono) was virtually impossible and those that did crop up where too close to GTS money. So when an ideal spec GTS came up at OPC Leicester at a bottom of the market price I jumped in the car for a 2 hour drive and bought it after 30min of negitaiting which resulted in a further £3k off sticker and retained 9 months + 2 years extended warranty. I ended up putting £55k into it when I could have got a nice S for £40k but I don’t regret it for one minute. It is simply one of the best road cars I have ever driven (that engine and soundtrack) and thats comparing it to cars costing 4 times the price.
Seriously, you only live once, get a 981 GTS and just enjoy it for what it is. You are never going to lose a fortune on it even after 12 months which is the most costly way to own any car. Longer term these are as a safe a bet for cheap motoring as your ever going to get ;-)
I was in a similar position exactly a year ago with £50-60k cash to spend on a 2 seater roadster. The 981 was my only choice (I hated the 718 turbo engine) and I toyed with high spec S to GTS’s with a £20k spread on outlay. Finding the ideal spec S for me (PASM, PDK, PSE, Sport chrono) was virtually impossible and those that did crop up where too close to GTS money. So when an ideal spec GTS came up at OPC Leicester at a bottom of the market price I jumped in the car for a 2 hour drive and bought it after 30min of negitaiting which resulted in a further £3k off sticker and retained 9 months + 2 years extended warranty. I ended up putting £55k into it when I could have got a nice S for £40k but I don’t regret it for one minute. It is simply one of the best road cars I have ever driven (that engine and soundtrack) and thats comparing it to cars costing 4 times the price.
Seriously, you only live once, get a 981 GTS and just enjoy it for what it is. You are never going to lose a fortune on it even after 12 months which is the most costly way to own any car. Longer term these are as a safe a bet for cheap motoring as your ever going to get ;-)
bcr5784 said:
Can't be an Alpine - you won't get one until well into 2019 now, and I think the order book is still closed (but I might be mistaken on that) . But won't depreciate much in the short to medium term - too much pent up demand. I expect some flipping for profit this year - there's already been cars advertised well above list, and there haven't been any customer cars yet..
My local dealer said could test drive in May and if you order in May then likely delivery is end of year / Jan next year.Edited by bcr5784 on Sunday 14th January 08:31
Krobar said:
My local dealer said could test drive in May and if you order in May then likely delivery is end of year / Jan next year.
That would require the order book to be closed until then and Alpine produce at the rate of about 6000/year from March. I can't see either happening. Remember that they will be driving the car on the continent before then. Of course, Alpine could give priority to RHD customers - but I wouldn't bet on that. Personally I don't expect my PE much before the end of the year and I placed my deposit last March.Edited by bcr5784 on Sunday 14th January 17:53
@ jointtt
How is 12 month ownership the worse way of retaining your money?? That make no sense at all! Infact the only possible way that can make sense is if you finance a car!
Look at it like this. You buy a car privately as your a cash buyer for £10k when the same car at a dealer is £12-13k because they offer finance and the fact that cash privately gives you a much better chance of discount.
Then you use it for a year and sell it for 10% less which is normal depreciation on average for used cars.
You sell at £9k you only lose £1k in your ownership and you move on.
Only other option... you buy a £10k car from a dealer and it’s costs you £12-13k because it’s a dealer then you add finnace on top which will cost you an extra £1-2k over 3-4 years. You keep car for 3 years in that 3 years the new model comes out and that 10% depreciation has now gone to 15% a year and you lose more money in long run!
Me jumping in and out of a new car each year costs me no more the someone keeping one for 3 years+
Also if you buy as carefully as me ie bought my M4 for £41k off a private seller that was in need of money and dealers were offering him silly offers. I then went on to keep car for a year and sell for £41,300 with patiently waiting for someone to come along that loved it.
Being a cash buyer as you should know as you said you were one too, pits you in a very strong position with private sellers who are in need of money and are not getting the price they want from dealers. Also puts you in a strong position with dealers that have had a car on the market for months they can’t sell, as you can treat them now like they were private sellers and they are happy to heavily discount the car just to get there money out!
How is 12 month ownership the worse way of retaining your money?? That make no sense at all! Infact the only possible way that can make sense is if you finance a car!
Look at it like this. You buy a car privately as your a cash buyer for £10k when the same car at a dealer is £12-13k because they offer finance and the fact that cash privately gives you a much better chance of discount.
Then you use it for a year and sell it for 10% less which is normal depreciation on average for used cars.
You sell at £9k you only lose £1k in your ownership and you move on.
Only other option... you buy a £10k car from a dealer and it’s costs you £12-13k because it’s a dealer then you add finnace on top which will cost you an extra £1-2k over 3-4 years. You keep car for 3 years in that 3 years the new model comes out and that 10% depreciation has now gone to 15% a year and you lose more money in long run!
Me jumping in and out of a new car each year costs me no more the someone keeping one for 3 years+
Also if you buy as carefully as me ie bought my M4 for £41k off a private seller that was in need of money and dealers were offering him silly offers. I then went on to keep car for a year and sell for £41,300 with patiently waiting for someone to come along that loved it.
Being a cash buyer as you should know as you said you were one too, pits you in a very strong position with private sellers who are in need of money and are not getting the price they want from dealers. Also puts you in a strong position with dealers that have had a car on the market for months they can’t sell, as you can treat them now like they were private sellers and they are happy to heavily discount the car just to get there money out!
Its obviously different for such cheap cars and when you are not buying new.
With most marques 12 month ownership is the most expensive form of ownership but that diminishes the older the car gets. Don’t start me on BMW discounts lol great if your the second buyer or one of those who got 20%+ off list new but on the example you gave some poor sod probably got hit hard from new.
There are always exemptions that can be quoted, I bought a 993 in 2013, its worth more now then when I bought it, in fact I made good money in the first 12 months by themselves.
In the context of this thread I personally think buying a 981 GTS now you can’t expect to not lose any depreciation over 12 months but it will be minimal compared to most cars. Keep it longer and I think it would be even cheaper motoring so 12 months is the most expensive timespan to own one in this context.
With most marques 12 month ownership is the most expensive form of ownership but that diminishes the older the car gets. Don’t start me on BMW discounts lol great if your the second buyer or one of those who got 20%+ off list new but on the example you gave some poor sod probably got hit hard from new.
There are always exemptions that can be quoted, I bought a 993 in 2013, its worth more now then when I bought it, in fact I made good money in the first 12 months by themselves.
In the context of this thread I personally think buying a 981 GTS now you can’t expect to not lose any depreciation over 12 months but it will be minimal compared to most cars. Keep it longer and I think it would be even cheaper motoring so 12 months is the most expensive timespan to own one in this context.
jonttt said:
Its obviously different for such cheap cars and when you are not buying new.
With most marques 12 month ownership is the most expensive form of ownership but that diminishes the older the car gets. Don’t start me on BMW discounts lol great if your the second buyer or one of those who got 20%+ off list new but on the example you gave some poor sod probably got hit hard from new.
There are always exemptions that can be quoted, I bought a 993 in 2013, its worth more now then when I bought it, in fact I made good money in the first 12 months by themselves.
In the context of this thread I personally think buying a 981 GTS now you can’t expect to not lose any depreciation over 12 months but it will be minimal compared to most cars. Keep it longer and I think it would be even cheaper motoring so 12 months is the most expensive timespan to own one in this context.
Sorry but you will lose ,money on a GTS if you buy from an OPC. Unless when you sell you will become a OPC you will get nowhere near OPC prices as trade price and private are much lower.A couple on the normal selling site started at OPC prices and then slowly dipped to under £50k and still havent sold.I guy quoted last year on another forum he traded his GTS for £45k on a no discount 911. With most marques 12 month ownership is the most expensive form of ownership but that diminishes the older the car gets. Don’t start me on BMW discounts lol great if your the second buyer or one of those who got 20%+ off list new but on the example you gave some poor sod probably got hit hard from new.
There are always exemptions that can be quoted, I bought a 993 in 2013, its worth more now then when I bought it, in fact I made good money in the first 12 months by themselves.
In the context of this thread I personally think buying a 981 GTS now you can’t expect to not lose any depreciation over 12 months but it will be minimal compared to most cars. Keep it longer and I think it would be even cheaper motoring so 12 months is the most expensive timespan to own one in this context.
You can keep believing but in the real world
tedblog said:
Sorry but you will lose ,money on a GTS if you buy from an OPC. Unless when you sell you will become a OPC you will get nowhere near OPC prices as trade price and private are much lower.A couple on the normal selling site started at OPC prices and then slowly dipped to under £50k and still havent sold.I guy quoted last year on another forum he traded his GTS for £45k on a no discount 911.
You can keep believing but in the real world
Agreed the only way to keep depreciation to very low values on a GTS is to buy and sell privately. Buying isn't too difficult - though the number of cars on offer will be low so the choice of spec will be limited. Selling a £50k car privately is always going to be difficult - most cars are bought on finance, and though private finance deals are possible, I suspect many buyers will be wary.You can keep believing but in the real world
bcr5784 said:
tedblog said:
Sorry but you will lose ,money on a GTS if you buy from an OPC. Unless when you sell you will become a OPC you will get nowhere near OPC prices as trade price and private are much lower.A couple on the normal selling site started at OPC prices and then slowly dipped to under £50k and still havent sold.I guy quoted last year on another forum he traded his GTS for £45k on a no discount 911.
You can keep believing but in the real world
Agreed the only way to keep depreciation to very low values on a GTS is to buy and sell privately. Buying isn't too difficult - though the number of cars on offer will be low so the choice of spec will be limited. Selling a £50k car privately is always going to be difficult - most cars are bought on finance, and though private finance deals are possible, I suspect many buyers will be wary.You can keep believing but in the real world
Others wanted a trade in and really I only had one seriously interested buyer and he did not proceed for health reasons. I took a trade bid, which was fair, but lower than I would have liked and 7% below the first trade bid I had rejected four months earlier.
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