981 GT4 high mileage prices

[Dung8]

Hi all,

Looking to get into a 981 GT4.

A friend of mine is going to be part ex'ing his car in for a later model, spec below.

The car is a 16 plate, 26,000 miles 1 owner example.

I do plan on using this car, very frequently, so thought best to go for a higher mileage car vs a garage queen to remove possible increased depreciation.

Do we think the values will drop somewhat now cars are falling outside the PCP finance option? Car in question is 62k.

Porsche Communications Management with extended navigation module £2,141
Full bucket seats £1,907
Sports exhaust system £1,530
Black leather interior with stitching £1,344
Sport Chrono Paket inkl. PorscheTrack Precision App und Vorrüstung Laptrigger £1,085
Metallic Paint £558
Telephone module for PCM £527
Fully automatic climate control £518
Bi-Xenon-Headlights incl. Porsche Dynamic Light System (PDLS) in black £477
Sound Package Plus incl. CD storage box £396
Automatically dimming mirrors with integrated rain sensor £332
Digital radio £324
Sun visors in Alcantara £279
Cruise control £267
Light design package £203
Seat belts in Guards Red £179
Online Services £122
Floor mats £73
Fuel tank 64-litre £0
Jet Black metallic £0
Passenger footwell storage net £0
Smoking package £0


I have never owned a Porsche, so am very excited by this proposition.

I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically?

Thanks for any thoughts on this.

Alex

[gashead1105]

Dung8 said:

Hi all,

Looking to get into a 981 GT4.

A friend of mine is going to be part ex'ing his car in for a later model, spec below.

The car is a 16 plate, 26,000 miles 1 owner example.

I do plan on using this car, very frequently, so thought best to go for a higher mileage car vs a garage queen to remove possible increased depreciation.

Do we think the values will drop somewhat now cars are falling outside the PCP finance option? Car in question is 62k.

Porsche Communications Management with extended navigation module £2,141
Full bucket seats £1,907
Sports exhaust system £1,530
Black leather interior with stitching £1,344
Sport Chrono Paket inkl. PorscheTrack Precision App und Vorrüstung Laptrigger £1,085
Metallic Paint £558
Telephone module for PCM £527
Fully automatic climate control £518
Bi-Xenon-Headlights incl. Porsche Dynamic Light System (PDLS) in black £477
Sound Package Plus incl. CD storage box £396
Automatically dimming mirrors with integrated rain sensor £332
Digital radio £324
Sun visors in Alcantara £279
Cruise control £267
Light design package £203
Seat belts in Guards Red £179
Online Services £122
Floor mats £73
Fuel tank 64-litre £0
Jet Black metallic £0
Passenger footwell storage net £0
Smoking package £0


I have never owned a Porsche, so am very excited by this proposition.

I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically?

Thanks for any thoughts on this.

Alex

Looks a good buy to me at 62k given the bucket seats. I'd buy it were I in a position to do so! I am keeping an eye on the GT4 market pending deciding whether to sell my Evora - want to drive a 981 GT4 before actually making a decision on that.

[Dung8]

So are bucket seats the 'must have'. I plan on using this car alot. So the spec really spoke to me. Nervous that alot of cars are now falling outside the pcp finance period, which could adversely effect values?

[gashead1105]

I would want buckets personally, otherwise I'd buy a 718 4.0 GTS. And the cars without seem to hang around for longer than the ones with them, even if they otherwise have a great spec - there's a car at RPM technik at just under 70k that's been advertised for 5 months or so, spec otherwise looks great but it has 18 ways.

No idea on PCP finance.

[TDT]

The debate on buckets has been done to death i think... but really it boils down to how you intend to use the car and that kind of feel you want.

Buckets really really lock you into the feel of the car and you are properly connected to the GT-ness of the car.
Sport Seats - are comfortable but for me do not provide the locked in - connected feel I want from a GT car... but would be great for road touring and much more regular use of the car.

[LordGrover]

Dung8 said:

.

I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically?

I think most cars are slow to sell at the moment.

[Andyoz]

You're on the right track buying one with higher than normal miles (26k is still nothing though as that's a tough engine and running gear).

I think a few months back Ashgoods sold a similar miles, buckets GT Silver one for £62k?

[Armitage.Shanks]

It's a good price for that mileage and spec. Is that the px price he's been offered? If so I'd jump on it.

[Andyoz]

Did he buy it new or has owned it a long time? Actually knowing the former owner and how they have used it is a big positive.

[Dung8]

Andyoz said:

You're on the right track buying one with higher than normal miles (26k is still nothing though as that's a tough engine and running gear).

I think a few months back Ashgoods sold a similar miles, buckets GT Silver one for £62k?

That’s what I think too. It has FPSH too so maintained properly.

[Dung8]

Armitage.Shanks said:

It's a good price for that mileage and spec. Is that the px price he's been offered? If so I'd jump on it.

Porsche offered him 60 for it 62 is what hed like for it
I see they are rightfully very mileage price sensitive. So hope using the car i would loose less but the finance deal I have been offered is rather good too

[Dung8]

Andyoz said:

Did he buy it new or has owned it a long time? Actually knowing the former owner and how they have used it is a big positive.

Bought it 2017 from Porsche. Apparently owned by one of their regular customer. He has owned it since.

[jcosh]

I don’t think sports exhaust was a GT4 option, standard? Can’t remember.

At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s.

[Armitage.Shanks]

jcosh said:

At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s.

If OPC have offered £60k trade, looking at the Spec my guess is OPC would retail close to £70k given the warranty they'll put on it etc.

[Geoff39GL]

Armitage.Shanks said:

jcosh said:

At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s.

If OPC have offered £60k trade, looking at the Spec my guess is OPC would retail close to £70k given the warranty they'll put on it etc.

I'm told £8k on a 981 GT4.

[CloudStuff]

That's low milegae - not in comparison to other cars on the market, but in relation to the age of the car.

I prefer cars with a healthy mileage, they are engineered to be driven!

[Dung8]

jcosh said:

I don’t think sports exhaust was a GT4 option, standard? Can’t remember.

At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s.

i know WBAC offered him 58k when he had it inspected, which i guess is a good starting point

[Dung8]

Geoff39GL said:

I'm told £8k on a 981 GT4.

8k for a warranty?!

[Dung8]

CloudStuff said:

That's low milegae - not in comparison to other cars on the market, but in relation to the age of the car.

I prefer cars with a healthy mileage, they are engineered to be driven!

i am like you, especially when you know they have been looked after. My only concern was possible sudden dip in value due to purchasing options reducing (no more pcp due to age of car), limiting market

[boxsey]

Dung8 said:

i am like you, especially when you know they have been looked after. My only concern was possible sudden dip in value due to purchasing options reducing (no more pcp due to age of car), limiting market

The availability of PCP is not a major factor in the market for GT4s or other Porsche GT cars. Many are bought without finance and 'many' is misleading because there were only about 600 UK GT4s. So, there are plenty of people with 'cash' to buy them. The market for GT cars doesn't tend to follow other car markets. It's a pretty niche market. If the GT4 follows previous GT cars it will soon hit its low market value point and stay there. Other GT cars have done that and then climbed to a higher value (e.g. the low point for a 996 GT3 was about £35K but they now average about £75K and are still slowly rising).

If I had to guess, I would say the low market value for the GT4 will be £60K. YMMV. So if you're getting it for £62K there's a good change that depreciation will be minimal. However, beware that running costs (fuel, tax, tyres, brakes and servicing) are high. So it's not cheap motoring!