Poor offers for c4s from OPC's.
Discussion
We all suffer depreciation because we all want the next best thing. Happens to every car we purchase, once you have attained it, you're looking to own the next one like already.
The market is a reflection of how we treat cars.
Still it remains a mystery as to why the 996 GT2 values has been plummeting so much lately. You don't half get your balls cut off with a rusty blade when you are selling one of these...still, I'm waiting for it to drop to about £60k so I can pick up one next year
The market is a reflection of how we treat cars.
Still it remains a mystery as to why the 996 GT2 values has been plummeting so much lately. You don't half get your balls cut off with a rusty blade when you are selling one of these...still, I'm waiting for it to drop to about £60k so I can pick up one next year
I decided to buy my 03 C2 as it was approaching 2.5yrs old, and was on sale at the OPC for 20K less than the original new invoice price. It was still in the high £40K's but a good spec with <5K miles, which made me go for it.
I figured that with the 997 C2 being out for a while now, that buying initial kicking would have occured, albeit it will still probably be deprecition at ~400/month. So looking at my crystal ball, if I can sell it for high 30's in 2 yrs time, I be a happy chappy!
>> Edited by TopBear on Monday 26th September 13:33
I figured that with the 997 C2 being out for a while now, that buying initial kicking would have occured, albeit it will still probably be deprecition at ~400/month. So looking at my crystal ball, if I can sell it for high 30's in 2 yrs time, I be a happy chappy!
>> Edited by TopBear on Monday 26th September 13:33
I agree - if you buy well and at the right point in the depreciation curve, Porsches still have good residuals.
Trick is to watch the curve and buy when they're flattening. I bought my 2000V C2 Cab in Apr02 for £51k and am now selling it, hoping to get £36k back. £15k over 3 1/2 years is pretty good I reckon - 30% depreciation.
At the same time we bought my wife a Saxo VTR for £10k and just got £3900 back on a trade-in = 61% depreciation.
996 Depreciation has been steeper recently but if you had an early 997 you can get back virtually what you paid for it.
I have to say I would avoid OPCs if you're buying, especially the 2 in London. If you can find a more expensive Porsche they'll beat it. If you buy a good car privately, get it properly inspected and professionally valeted, you can save yourself £3k to £8k, which softens the depreciation blow.
Trick is to watch the curve and buy when they're flattening. I bought my 2000V C2 Cab in Apr02 for £51k and am now selling it, hoping to get £36k back. £15k over 3 1/2 years is pretty good I reckon - 30% depreciation.
At the same time we bought my wife a Saxo VTR for £10k and just got £3900 back on a trade-in = 61% depreciation.
996 Depreciation has been steeper recently but if you had an early 997 you can get back virtually what you paid for it.
I have to say I would avoid OPCs if you're buying, especially the 2 in London. If you can find a more expensive Porsche they'll beat it. If you buy a good car privately, get it properly inspected and professionally valeted, you can save yourself £3k to £8k, which softens the depreciation blow.
Surely its not the % that is important but what that equates to. As I'm sure you all learnt at school, 10% of 100k is 10000 while 20% of 20k is only 4000.
At the end of the day I guess it comes down to how deep you pockets are.... to some people 10000 is a drop in the ocean, to others it is an unacceptable loss.
Just my 2p
;-)
At the end of the day I guess it comes down to how deep you pockets are.... to some people 10000 is a drop in the ocean, to others it is an unacceptable loss.
Just my 2p
;-)
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