981S test drive
Discussion
Hi,
Have just taken a 981S out for a test drive and thought it was pretty amazing, had taken an R8 out a couple of weekends ago and was pretty underwhelmed. It also seemed to edge it over a 997.2 I drove a whole ago, please stand in an orderly queue to flame!
From a pure wow point of view it's not the same as the 360 however at least it would be possible to take it out every now and again..
V tempting, just need to forget about depreciation
Have just taken a 981S out for a test drive and thought it was pretty amazing, had taken an R8 out a couple of weekends ago and was pretty underwhelmed. It also seemed to edge it over a 997.2 I drove a whole ago, please stand in an orderly queue to flame!
From a pure wow point of view it's not the same as the 360 however at least it would be possible to take it out every now and again..
V tempting, just need to forget about depreciation
I'm not convinced there will be significant depreciation in as little as a year! I remember looking for a 987 Gen 2 around a year after launch and they were still quite close to list price. It wasn't for a couple of years that significant savings could be made.
Supply and demand I suppose.
It's really only in the last few years it became quite easy to save £10K or more on a heavily optioned car.
Mandy Rice Davies applies, of course!
Cheers,
Geoff
Supply and demand I suppose.
It's really only in the last few years it became quite easy to save £10K or more on a heavily optioned car.
Mandy Rice Davies applies, of course!
Cheers,
Geoff
Why would there not be depreciation in the first year ? There is no waiting list. Second hand OPC prices in a years' time may not show real world depreciation (remember they buy at trade prices) but 981 sold privately will show at least £1k/month depreciation, like the 987 did when launched, maybe more.
nickfrog said:
Why would there not be depreciation in the first year ? There is no waiting list. Second hand OPC prices in a years' time may not show real world depreciation (remember they buy at trade prices) but 981 sold privately will show at least £1k/month depreciation, like the 987 did when launched, maybe more.
Sorry, I phrased my reply poorly. I agree there will be significant depreciation for any original buyer selling back to a dealer (the only realistic way to sell such an expensive car). As you say, I just don't believe that it will be possible to buy one at such a significant saving over new just a year after launch, as the dealer will immediately add back on a hefty margin.
Supply will be limited initially as few second hand 981's will be available a year after launch, and demand will still be high, judging by the number of "I'll buy one second hand after a year or two" comments on here!
Once significant numbers of cars have been sold and reached the trade on stage, supply of decent second hand models will rise and prices will inevitably fall. I just think this will take more than a year. A year isn't enough time for the depreciation to significantly out weigh the dealer margin.
This is how it seems to go with any new or still in demand model. I have looked for a BMW X3 nearly new car for my wife and they are priced very close to list (and none have the exact spec I would want). I refuse to pay close to list for a one year old (or more) car and without the exact specification I want, would much rather order new and get my spec and an extra years warranty, etc.
The only cars I ever see with significantly lower prices at around a year old are those where demand has waned and discounts are widely available at new.
Pretty sure this is how it went with the 987 Gen 2. I wanted to upgrade my 987 Gen 1 as soon as the Gen 2 was launched but couldn't find a significant saving for a couple of years, by which time the value of my Gen 1 had fallen so much I did not fancy paying the difference for a very similar car.
The 981 launch changed that, but the value of my Gen 1 car had fallen again, and the trade up was eye watering (£40K). But the new car is significantly better than the old one, in so many ways.
So I agree with you!
High depreciation for the seller, small saving for the buyer, dealer gets to make a living.
Cheers,
Geoff
My experience echoes what Geoff said. When I couldn't find the spec I wanted used with a 987 Gen 2 a new one was only £5k difference. This was over 6 months after the Gen 2 had been released.
I then waited and found my RS60 at 11 months old for £16.5k less than what the first owner paid for it new - though the RS60 was pretty much the run out model of the Gen 1 cars.
The 981 is amazing so it's residuals are likely to be strong.
I then waited and found my RS60 at 11 months old for £16.5k less than what the first owner paid for it new - though the RS60 was pretty much the run out model of the Gen 1 cars.
The 981 is amazing so it's residuals are likely to be strong.
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