Porsche 997 .2 vs 991 depreciation

Porsche 997 .2 vs 991 depreciation

Author
Discussion

Cheib

23,110 posts

174 months

Thursday 22nd February 2018
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MrThunderstruck said:
I have been researching for the last few days, and given am uping my budget to around £50K, the 997 Turbos have come into play.

However they have the old Tiptronic gearbox.

Any thoughts between a 997.2 S and 997 Turbo?
I’d avoid the Tiptronic 997 Turbo personally, not many fans of tha gearbox around. Your def8nitel6 much better buying a good example of a 997.2 S than a cheap early 991, will hold its value much better IMHO. By definition the 991 will either be high mileage, low spec or a dodgy colour and none of those will all mean it’ll continue to depreciate. The 997 at this price will be a very nice example and if you look after it will hold its value very well.

MrThunderstruck

Original Poster:

10 posts

73 months

Thursday 22nd February 2018
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Hi Cheib,

Would you consider though a manual 997 Turbo over 997.2?

Jewell84

1 posts

59 months

Tuesday 2nd July 2019
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Sorry this is a reply to an old post, I just bought a 2012 manual 991 s, all the options ticked with a 911design aero kit on 37k miles for 55 grand.
I decided it was a good bet depreciation wise being a na manual..
Any thoughts in 2019 🤷🏼‍♂️


BERGS2

2,801 posts

247 months

Sunday 28th February 2021
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Old thread resurrection.

been searching depreciation modelling

crystal ball time - what do you guys reckon the (beermat) annual depreciation would be on an 8-10 year old 991?

the initial subject matter of this thread was a £55k early 991 three years ago, which would be worth - what, £42-45k or so now?

similar bought now for mid forties will depreciate at what sort of rate? 10% per year?

trying to get a man maths argument to the missus as to why another ten year old 911 wouldn't be a mad purchase!


moonigan

2,127 posts

240 months

Sunday 28th February 2021
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Don’t forget to factor in maintenance, warranty costs as it’s easy to spend £6k in a year just to keep the older car on the road. It’s not going to be £6k every year but you could be hit with that kind if bill depending when you buy and how long you keep it.

timberman

1,280 posts

214 months

Sunday 28th February 2021
quotequote all
BERGS2 said:
Old thread resurrection.

been searching depreciation modelling

crystal ball time - what do you guys reckon the (beermat) annual depreciation would be on an 8-10 year old 991?

the initial subject matter of this thread was a £55k early 991 three years ago, which would be worth - what, £42-45k or so now?

similar bought now for mid forties will depreciate at what sort of rate? 10% per year?

trying to get a man maths argument to the missus as to why another ten year old 911 wouldn't be a mad purchase!
You need to consider where you would purchase the car from,

for example,
my car from an OPC, was a very well equipped 991 C2S that I paid approx £61.5k for in early 2018 inc 2 years warranty,

I sold it to another OPC late last year and they sold in on for £54k.

So in 2 1/2 years it lost £7.5k or roughly 12%, or about 5% a year which is very low in terms of depreciation and why Porches have the reputation of holding their value so well.

But you then have to account for the dealer spread which is approx £10k,

so I actually received £44k for my car,
which means for me it actually depreciated by £17.5k over the 2 1/2 years or nearly 28%, or roughly 11% per year,

Now if I'd hung onto it till now, based on current prices I would probably have got a bit more which would change the percentages a little but it's hard to know what the market is going to do + had I kept it I would have incurred the costs of a major service plus new discs all round which wouldn't have altered the valuation by much.

If you buy via an independent or you're willing to buy private and then endure the extra hassle of selling private you can obviously cut this down somewhat, but this could come with increased risk, so you need to consider whether it's worthwhile or not,

also if you buy and sell via an OPC then the longer you keep the car the lower the percentages will be in terms of depreciation because that £10k hit happens as soon as you take ownership of the car.

Without a crystal ball it's hard to know what the depreciation might be,

I started looking at 991's back in 2017 and at the time (2012/13 991 C2s and C4s) from OPC's where mostly between £60k and £70k depending on spec and mileage,( anything under £60k was either high mileage or very low spec),

and now nearly 4 years on the same cars seem to be between £50k and £60k which would suggest they are still a pretty solid buy and I can't see that changing anytime soon.

BERGS2

2,801 posts

247 months

Monday 1st March 2021
quotequote all
timberman said:
You need to consider where you would purchase the car from,

for example,
my car from an OPC, was a very well equipped 991 C2S that I paid approx £61.5k for in early 2018 inc 2 years warranty,

I sold it to another OPC late last year and they sold in on for £54k.

So in 2 1/2 years it lost £7.5k or roughly 12%, or about 5% a year which is very low in terms of depreciation and why Porches have the reputation of holding their value so well.

But you then have to account for the dealer spread which is approx £10k,

so I actually received £44k for my car,
which means for me it actually depreciated by £17.5k over the 2 1/2 years or nearly 28%, or roughly 11% per year,

Now if I'd hung onto it till now, based on current prices I would probably have got a bit more which would change the percentages a little but it's hard to know what the market is going to do + had I kept it I would have incurred the costs of a major service plus new discs all round which wouldn't have altered the valuation by much.

If you buy via an independent or you're willing to buy private and then endure the extra hassle of selling private you can obviously cut this down somewhat, but this could come with increased risk, so you need to consider whether it's worthwhile or not,

also if you buy and sell via an OPC then the longer you keep the car the lower the percentages will be in terms of depreciation because that £10k hit happens as soon as you take ownership of the car.

Without a crystal ball it's hard to know what the depreciation might be,

I started looking at 991's back in 2017 and at the time (2012/13 991 C2s and C4s) from OPC's where mostly between £60k and £70k depending on spec and mileage,( anything under £60k was either high mileage or very low spec),

and now nearly 4 years on the same cars seem to be between £50k and £60k which would suggest they are still a pretty solid buy and I can't see that changing anytime soon.
thats useful info

cheers