996 residuals - pre / post facelift
Discussion
In your professional opinions is the price differential between an early 3.4 cabrio, and a later 3.6 cabrio justified? Is the 3.6 significantly better / faster / more well built? (Is the interior better - early 996 interiors I saw were not particularly brilliant....)
Am contemplating moving from the 3200 to a 911 cab for the summer, just don't tell the maserati board
Am contemplating moving from the 3200 to a 911 cab for the summer, just don't tell the maserati board
SimonHarrod911 said:
many thought it was a Boxster.
noooooo!
I figured it looks a bit different in the pics - will have to get along and check one out.
With 996 residuals over such a large spread at the moment - will a facelift car hold value better than a pre facelift one in any significant way do you think? Obviously cars (Even porsches) depreciate [i know all about this ahving bought a maserai 18 months ago!] - but I'm not looking to take a massive hit on this. Worth waiting for the 997 cab to arrive and depress cab values a little?
SimonHarrod911 said:
Hmmmm. Depends on how long you're keeping it, but if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.
Not particularly encouraging - thats worse than the Maserati is costing me! Thought porsche was supposed to be steady resale wise - or has the 996 lost the plot cos there are so many on the roads?
mr_tony said:
Hmmmm. Depends on how long you're keeping it, but if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.
Not particularly encouraging - thats worse than the Maserati is costing me! Thought porsche was supposed to be steady resale wise - or has the 996 lost the plot cos there are so many on the roads?
In my experience people are generally unrealistic about depreciation. They value their vehicles based upon advertised cars in Top Marques (even met a few who do it using OPC price lists
). My figure of £1k was based upon buying from and selling to the same source.
What's a 98 cab going to cost - £35K? That's £25K in 7 years, not £1K a month - what rubbish. I very much doubt a £35K 996 will only be worth £22K 1 year down the line - £27-28 at worst.
The pre-facelift 996s have already taken their heavy depreciation and can be picked up for very reasonable money. I think the depreciation will slow significantly now.
The pre-facelift 996s have already taken their heavy depreciation and can be picked up for very reasonable money. I think the depreciation will slow significantly now.
GreigM said:
What's a 98 cab going to cost - £35K? That's £25K in 7 years, not £1K a month - what rubbish. I very much doubt a £35K 996 will only be worth £22K 1 year down the line - £27-28 at worst.
The pre-facelift 996s have already taken their heavy depreciation and can be picked up for very reasonable money. I think the depreciation will slow significantly now.
The first thing I said was "It depends on how long you're going to keep it.".
If you keep any car that long it's obviously evens out, but if it's had multiple owners (and I said buy and sell using same source) the value drops then inflates, drops then inflates, etc, etc. The total loss in depreciation is not just original buying price - current value if it's bought and sold through the industry.
By the way there's a silver 98 cab doing the rounds at the moment, traders are bidding £25k.
A dealer's perspective on this would be nice, anyone?
After some research.
Original statement:"if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.".
Glass's book drop based on a 12 month period and only 3000 miles an 0151 996 facelift cab dropped £8000. Add more sensible mileage and the fact that most dealers bid well behind book and I think referring to my view as rubbish is harsh.
>> Edited by SimonHarrod911 on Thursday 13th January 13:49
Original statement:"if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.".
Glass's book drop based on a 12 month period and only 3000 miles an 0151 996 facelift cab dropped £8000. Add more sensible mileage and the fact that most dealers bid well behind book and I think referring to my view as rubbish is harsh.
>> Edited by SimonHarrod911 on Thursday 13th January 13:49
GreigM said:
What's a 98 cab going to cost - £35K? That's £25K in 7 years, not £1K a month - what rubbish. I very much doubt a £35K 996 will only be worth £22K 1 year down the line - £27-28 at worst.
The pre-facelift 996s have already taken their heavy depreciation and can be picked up for very reasonable money. I think the depreciation will slow significantly now.
Looking at your profile it seems you're on your first 911. Can I ask whether you have EVER actually SOLD a 911?
SimonHarrod911 said:
After some research.
Original statement:"if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.".
Glass's book drop based on a 12 month period and only 3000 miles an 0151 996 facelift cab dropped £8000. Add more sensible mileage and the fact that most dealers bid well behind book and I think referring to my view as rubbish is harsh.
>> Edited by SimonHarrod911 on Thursday 13th January 13:49
You are taking the worst case scenario figure (i.e. cash sale to a dealer) and then adding more to it. In real life you can almost always better that figure if your car is well specced and looked after without inergalactic mileages. Look up 2002 onwards 996 cabs on the porsche website - selling from £48K upwards. Given the OPC work on a £6K margin on these cars they paid £42K minimum for this car - no where near the £1K a month figure, even from new.
GreigM said:
After some research.
Original statement:"if you budget for £1k per month depreciation you're unlikely to get too big a shock at resale.".
Glass's book drop based on a 12 month period and only 3000 miles an 0151 996 facelift cab dropped £8000. Add more sensible mileage and the fact that most dealers bid well behind book and I think referring to my view as rubbish is harsh.
>> Edited by SimonHarrod911 on Thursday 13th January 13:49
You are taking the worst case scenario figure (i.e. cash sale to a dealer) and then adding more to it. In real life you can almost always better that figure if your car is well specced and looked after without inergalactic mileages. Look up 2002 onwards 996 cabs on the porsche website - selling from £48K upwards. Given the OPC work on a £6K margin on these cars they paid £42K minimum for this car - no where near the £1K a month figure, even from new.
You're wrong. And the margin required is a NET figure anyway. Ring Porsche and get some real bids. You obviously have NEVER sold a 911.
If you really want to know about depreciation and real world drops speak to this guy
www.pistonheads.com/gassing/profile.asp?h=0&memberId=34855
Or alternatively read the 996TT in Orient Red thread.
You are caught up in a dream world and I expect an apology when you attempt to sell your GT3 and reality bites.
www.pistonheads.com/gassing/profile.asp?h=0&memberId=34855
Or alternatively read the 996TT in Orient Red thread.
You are caught up in a dream world and I expect an apology when you attempt to sell your GT3 and reality bites.
SimonHarrod911 said:
You're wrong. And the margin required is a NET figure anyway. Ring Porsche and get some real bids. You obviously have NEVER sold a 911.
Not a 911, but I have negotiated over bidding for a 2yr old Porsche with the OPC and have a very honest relationship with the dealer principal and know exactly his margins and the difference in his prices to those achievable in a private sale and even between OPCs (I found a £2K bid difference between neighbouring dealerships).
From your bitterness it sounds like you took a humping on price - if thats the case I'm sorry to hear that, but you shouldn't devalue everyone else's cars because of it.
SimonHarrod911 said:
If you really want to know about depreciation and real world drops speak to this guy
www.pistonheads.com/gassing/profile.asp?h=0&memberId=34855
Or alternatively read the 996TT in Orient Red thread.
You are caught up in a dream world and I expect an apology when you attempt to sell your GT3 and reality bites.
Reality bites - I bought that car £10k under-value and could sell it today and pocket £5K change.
Apology-hahahahahhahahahahhahaha
GreigM said:
If you really want to know about depreciation and real world drops speak to this guy
<a href="http://www.pistonheads.com/gassing/profile.asp?h=0&memberId=34855">www.pistonheads.com/gassing/profile.asp?h=0&memberId=34855</a>
Or alternatively read the 996TT in Orient Red thread.
You are caught up in a dream world and I expect an apology when you attempt to sell your GT3 and reality bites.
Reality bites - I bought that car £10k under-value and could sell it today and pocket £5K change.
Apology-hahahahahhahahahahhahaha
Try.
SimonHarrod911 said:
Try.
Have already had it offered by a dealer
- although my case is not typical, I did buy this car under-valued and I know this was an anomaly - although I don't expect to lose any more on it than I did on the boxster, and certainly not £1K a month. Going back to basics, you've told us that you can buy a 98 996 cab for £25K - do you still maintain your original assertion that this will lose £1K per month? That it will be worth only £13K in 12 months time?
Steady on now chaps !!!
Friendly forum and all that !!!
I think my turbo Cab is probably the worse end of the scale of this debate.
From my (limited) experience, there can be huge differences in resale values come trade in time.
After the £75k offer from the Edinburgh OPC, i phoned another opc and was told £80k !!!and they're all part of the same group, go figure !!!
Porsches eh !!
G.
Friendly forum and all that !!!
I think my turbo Cab is probably the worse end of the scale of this debate.
From my (limited) experience, there can be huge differences in resale values come trade in time.
After the £75k offer from the Edinburgh OPC, i phoned another opc and was told £80k !!!and they're all part of the same group, go figure !!!
Porsches eh !!
G.
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