718 Cayman Depreciation Over 2 Years

718 Cayman Depreciation Over 2 Years

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Discussion

Gman124

Original Poster:

11 posts

52 months

Saturday 27th February
quotequote all
Hi,

I wondered if anyone had any thoughts on the cost of the depreciation on a base 718 Cayman buying from a trader and trading in after 2 years. I'm at the top of my budget so I'd be buying from a trader around £32k(ish) probably a manual 2017 model. Obviously it's hard to say but I just need to know roughly what I'm in for before committing!

Thanks in advance!

woodysnr

810 posts

192 months

Saturday 27th February
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no one has a crystal ball ...if you are concerned about loosing money don't buy it all cars loose money as you know unless you buy a special model ie GT4 or Spyder you can almost guarantee as the first owner having 2 years free motoring.. .for my money it would not be a 718 4 pot would look at a 981 6 pot holding values more and sound so much better imo ..if you can drive them but may be difficult in todays climate.

cossers

2,537 posts

104 months

Saturday 27th February
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woodysnr said:
.for my money it would not be a 718 4 pot would look at a 981 6 pot holding values more and sound so much better imo ..if you can drive them but may be difficult in todays climate.
God you can’t be saying that out loud.

Lexington59

297 posts

29 months

Saturday 27th February
quotequote all
Perhaps somebody got fleeced on [yet another] overpriced 981?

In my view for minimal depreciation the 987 is where it’s at. The 981 was ruined by the steering as well as being 5+ years old now and having a PCM unit from the 1990s.

Back to the OP’s original question and none of these cars will depreciate particularly fast; a 2017/8 718 looks very good value now and is still current, previous gen cars are great but don’t believe all the hype.

That said I’m sure my good friend RJ will show up soon and set the record straight. silly


Royal Jelly

2,871 posts

162 months

Sunday 28th February
quotequote all
Lexington59]Perhaps somebody got fleeced on [yet another said:
overpriced 981?

In my view for minimal depreciation the 987 is where it’s at. The 981 was ruined by the steering as well as being 5+ years old now and having a PCM unit from the 1990s.

Back to the OP’s original question and none of these cars will depreciate particularly fast; a 2017/8 718 looks very good value now and is still current, previous gen cars are great but don’t believe all the hype.

That said I’m sure my good friend RJ will show up soon and set the record straight. silly
What a bizarre post.

OP, I suspect the best way around this would be an early 718. The residual figure is anyone’s guess. 32k gets you in to an early private - warranty will be 1600 or so for 2 years if you add it yourself.

718 models have been out for close to 5 years so a decent sample size to judge reliability - and there doesn’t appear to be any consistent themes, so you can base your need for a warranty on your own comfort level.

While not strictly depreciation, you obviously want to consider expected expenditure. I’d take a good look at consumables like disks & pads to ease outgoings over your 2 years. Equally, one that’s just had a major service done means you’ll only need to do a minor service in your 2 years. A 4 year old ought to have just had its first major done. A set of tyres could easily nudge 800 quid, front disks and pads about the same again - worth keeping in mind.

What’s nice about Caymans/Boxters is they’re often 2nd/3rd cars so lower mileage cars are easy to find.

You will likely get better overall residuals on other models, but compared with other brands, the depreciation on Porsches remains pretty kind. Obviously how you use it will have an effect on that.

Values on them are spec-sensitive - which hits the first owner hardest. I’d suggest that a lesser-optioned car will represent great value as a daily. If it’s a weekend car then perhaps you’ll want some of the options that make it more of an event (but may even detract from it as a daily).

For smiles per mile, you’ll be very happy either way.

I would strongly recommend waiting until restrictions ease and you can test them.


Gman124

Original Poster:

11 posts

52 months

Sunday 28th February
quotequote all
Hey thanks that's really helpful! It's my first Porsche and I'm going it's going to be a daily so there's quite a bit to get your head around!!

Royal Jelly

2,871 posts

162 months

Sunday 28th February
quotequote all
Gman124 said:
Hey thanks that's really helpful! It's my first Porsche and I'm going it's going to be a daily so there's quite a bit to get your head around!!
No worries - I’m sure you’ll get conflicting views to mine, but If you go for any 718 as a daily, you’re going to love it. Stats predict it’ll be trouble-free, and while it might depreciate a little more than other Cayman models, it still stores cash better than most marques.

I’ve had a few interesting cars over the last 20 years - but I’m fairly new to Porsche ownership. Like many, I respected the brand, but it’s not until you own one that you realise quite how accomplished their products are.

Get it bought.

tedblog

1,293 posts

44 months

Monday 1st March
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Agree just get it bought. Why worry about depreciation when who knows what will happen in the future. This could be your last ice car?
There will become a time when ice wont be indemand and value becomes irrelevant. When this time comes who knows . It could be as low as 8 years as thats when they estimate EV will be over 50% ownership.


Edited by tedblog on Monday 1st March 15:33

esuuv

1,079 posts

169 months

Monday 1st March
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I bought a base 718 last summer to use as a daily - I paid a little over 32k privately.

Car was 2 3/4 years old so still had some manufacturer warranty which was some peace of mind buying privately.

Since then it's cost £1000 for it's major service at Porsche and another £1500 or so to renew the warranty for another 2 years (this is of course optional) - I also had to replace a rear tyre because of a puncture - that's just bad luck.

In the next 12 months it'll need new front pads but I'd hope that will be all - so far I've done about 5k in it.

WBAC currently tell me they would give me 29,500 for it - so I'd expect to get back pretty much what I paid should I want to sell privately right now - in another 18 months who knows.........I would think I will lose a lot less than had I spent 30k on a 2/3 year old Audi or BMW.

My advice would be to buy a private car with a Porsche warranty - most independent dealer warranties aren't worth a lot, the Porsche warranties are only transferrable privately (as far as I'm aware)




churchie2856

292 posts

154 months

Monday 1st March
quotequote all
Gman124 said:
Hi,

I wondered if anyone had any thoughts on the cost of the depreciation on a base 718 Cayman buying from a trader and trading in after 2 years. I'm at the top of my budget so I'd be buying from a trader around £32k(ish) probably a manual 2017 model. Obviously it's hard to say but I just need to know roughly what I'm in for before committing!

Thanks in advance!
Based on my own experience a 718 Cayman holds value well - see here https://www.pistonheads.com/gassing/topic.asp?h=0&... - though thats for a new car.

A used one has far less to fall, but there will be servicng costs too (and a warrantly if you go that way). My guess-timate is £3-5K per year (for depreciation and servicing), but I'm no expert.


Andyoz

1,806 posts

18 months

Monday 1st March
quotequote all
Gman124 said:
Hey thanks that's really helpful! It's my first Porsche and I'm going it's going to be a daily so there's quite a bit to get your head around!!
If it's a daily and you're new to Porsche you'll no doubt like the 718.

As much as I love my 987, not sure it would be my pick as a daily.

Definitely try a flat 6 and 4 though first.

bompey

382 posts

199 months

Tuesday 2nd March
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3 years ago I bought a 2014 981S for £39k and right now WBAC value it at £29k. I haven’t put much mileage on but I reckon I could get over £30k for it if I tried. I have had 1 service and 1 tyre in that time but that’s it so all in all I’m pleased with that cost.

Royal Jelly

2,871 posts

162 months

Tuesday 2nd March
quotequote all
bompey said:
3 years ago I bought a 2014 981S for £39k and right now WBAC value it at £29k. I haven’t put much mileage on but I reckon I could get over £30k for it if I tried. I have had 1 service and 1 tyre in that time but that’s it so all in all I’m pleased with that cost.
WBAC is very poor for 981s now, presumably because they’re beyond an age profile that they aim for or something.

Decent 981S are going for mid-high 30s at the mo. OPCs & specialists are listing at 40 for mid-low miles with the more favoured options (PASM/SC/PSE). A chum of mine is looking at a couple and it seems fairly rigid pricing and minimal wiggle room from the well-known specialists.

Higher miles/lower spec ones are low 30s. Last summer when I was looking, there were a few decent 40-50,000 milers in the high 20s. Similar cars now are low 30s.


cossers

2,537 posts

104 months

Wednesday 3rd March
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Royal Jelly said:
bompey said:
3 years ago I bought a 2014 981S for £39k and right now WBAC value it at £29k. I haven’t put much mileage on but I reckon I could get over £30k for it if I tried. I have had 1 service and 1 tyre in that time but that’s it so all in all I’m pleased with that cost.
WBAC is very poor for 981s now, presumably because they’re beyond an age profile that they aim for or something.

Decent 981S are going for mid-high 30s at the mo. OPCs & specialists are listing at 40 for mid-low miles with the more favoured options (PASM/SC/PSE). A chum of mine is looking at a couple and it seems fairly rigid pricing and minimal wiggle room from the well-known specialists.

Higher miles/lower spec ones are low 30s. Last summer when I was looking, there were a few decent 40-50,000 milers in the high 20s. Similar cars now are low 30s.
Agreed, no benchmark for any older car, think a guy on here got offered 19k for a 997 gt3 by WBAC rofl

Lexington59

297 posts

29 months

Wednesday 3rd March
quotequote all
cossers said:
Agreed, no benchmark for any older car, think a guy on here got offered 19k for a 997 gt3 by WBAC rofl
Maybe not for exotica. But your average run of the mill Boxster/Cayman should be fine, ultimately it just reflects the big price correction that was overdue on 981s, they are getting much older now. That said my 987 is further down the curve hence holding value rather well.

Andrew D

934 posts

204 months

Wednesday 3rd March
quotequote all
Very interesting reading this as an outsider looking in (Beemer fanboy) regarding 718 v 981 v 987.

I often monitor the Boxster/Cayman market and it seems to me that prices on 987.2 are pretty strong when you consider their age. Which I suspect is due to the advantages of a 987.2 vs. a 987.1 (fewer engine issues and PDK), and presumably fewer numbers overall, pushing up the prices of Gen2's.

It also surprises me how close the bulk of 987.2's are to 981's, given that (steering and lack of a roof rack option apart), I certainly think the 981 is quite a step forward. Anyway it looks like the 981 market is being propped up by the 987.2 because they seem to bottom out around £25k, where there's quite a bit of choice.

Which in my view makes the 718 look like a bit of a bargain. Certainly the base Boxster anyway which (whilst lacking a six-pot motor) is modern, 300bhp and a lot of car for £33k-ish.

cossers

2,537 posts

104 months

Wednesday 3rd March
quotequote all
Lexington59 said:
cossers said:
Agreed, no benchmark for any older car, think a guy on here got offered 19k for a 997 gt3 by WBAC rofl
Maybe not for exotica. But your average run of the mill Boxster/Cayman should be fine, ultimately it just reflects the big price correction that was overdue on 981s, they are getting much older now. That said my 987 is further down the curve hence holding value rather well.
I can’t see any correction, just face facts 981s are more in demand than you want to admit, 981 gts offers from 30k by WBAC and selling for close on 45 on average and over 50 at times for super low mileage great spec cars

We all get you don’t like 981s but all your hate on them will never make them drop to the what you’d love to see them at.

Royal Jelly

2,871 posts

162 months

Thursday 4th March
quotequote all
Lexington59 said:
Maybe not for exotica. But your average run of the mill Boxster/Cayman should be fine, ultimately it just reflects the big price correction that was overdue on 981s, they are getting much older now. That said my 987 is further down the curve hence holding value rather well.
rofl
Looks like yet another thing which you have no knowledge about, yet like to comment on.

Do you think that sub 20k for a 997GT3 is just a reflection of its age - a correction perhaps? Very old now, of course. Must be overdue.

Sorry to burst your bubble, but 981s have gone up markedly recently. Reasonably well-specced ones with med-low miles are 40k. There currently aren’t any with the full spec-sheet on the market.

Faster, lighter, more powerful and a far nicer place to sit than the equivalent 987 - their prices won’t cross over any time soon.





Edited by Royal Jelly on Thursday 4th March 01:41

_Leg_

2,590 posts

175 months

Thursday 4th March
quotequote all
I own various super cars and sports cars plus some vintage and classic cars.

I'm often asked which is the best car I own. By best I could take fastest or most special or best 'investment' (fk off with investment ste, its a car already) or best handling or most reliable or a load of other stuff. i dont. To me best means best overall.

Best overall? Best value, best day to day, best at doing everything? No brainer. My 2012 981 Boxster S I've owned from new. best £ for £ car I own.

Fastest? Nope.
Best handling? Nope.
Best looking? Nope
Best feeling? Nope

and so on.

But where some cars score 10 in a certain category and then a 4 or 5 in others the 981 Boxster S would score 7 in every category and ultimately win no category but win overall. A 'Daley Thompson' of cars I guess (showing my age with that reference).

Looks great without being too showy so I can park it without getting into long conversations with people (I enjoy the long conversations and never get any grief in any of my cars but sometimes your takeaway is going cold), service once every two years, imbues enough confidence to run it without warranty, great seats that are also heated, roof goes up and down at 34mph, two boots, great stereo, quick enough for Uk roads, 3 pedals etc etc).

Thing is, bar a different noise and (for me) too many buttons in the one i tested, I bet the 718 would inspire long term owners to say the same. Porsche are just good at making really, really good cars. Ok, most of them aren't spectacular but trust me, spectacular usually costs a lot more money to buy and maintain and definitely requires a lot more time and energy.

Sometimes you just wanna get in something that makes you smile because cost vs hassle vs stress vs fun balances out perfectly.

If I could only own one sports car it would be a 981 closely followed by a 718 and it would be a tight decision. if I never went on track, 981, if I used it on track, 718 just for the extra oomph.

Voodoo Blue

403 posts

109 months

Thursday 4th March
quotequote all
_Leg_ said:
I own various super cars and sports cars plus some vintage and classic cars.

I'm often asked which is the best car I own. By best I could take fastest or most special or best 'investment' (fk off with investment ste, its a car already) or best handling or most reliable or a load of other stuff. i dont. To me best means best overall.

Best overall? Best value, best day to day, best at doing everything? No brainer. My 2012 981 Boxster S I've owned from new. best £ for £ car I own.

Fastest? Nope.
Best handling? Nope.
Best looking? Nope
Best feeling? Nope

and so on.

But where some cars score 10 in a certain category and then a 4 or 5 in others the 981 Boxster S would score 7 in every category and ultimately win no category but win overall. A 'Daley Thompson' of cars I guess (showing my age with that reference).

Looks great without being too showy so I can park it without getting into long conversations with people (I enjoy the long conversations and never get any grief in any of my cars but sometimes your takeaway is going cold), service once every two years, imbues enough confidence to run it without warranty, great seats that are also heated, roof goes up and down at 34mph, two boots, great stereo, quick enough for Uk roads, 3 pedals etc etc).

Thing is, bar a different noise and (for me) too many buttons in the one i tested, I bet the 718 would inspire long term owners to say the same. Porsche are just good at making really, really good cars. Ok, most of them aren't spectacular but trust me, spectacular usually costs a lot more money to buy and maintain and definitely requires a lot more time and energy.

Sometimes you just wanna get in something that makes you smile because cost vs hassle vs stress vs fun balances out perfectly.

If I could only own one sports car it would be a 981 closely followed by a 718 and it would be a tight decision. if I never went on track, 981, if I used it on track, 718 just for the extra oomph.
Great post. Being an owner of a 981 Cayman and a 718 Boxster I agree with everything you say except it would be the 718 first closely followed by the 981 wink