New 911 (possible with new 4 seats) - best residuals?
Discussion
Bit of a strange request.
Chatting with a old friend of mine last week - he has always loved Porsche and due to family connection and running his own business he has been able to buy several cars directly from the factory in RHD form over the years.
I mentioned slightly flippantly whether he could get me something like a GT3 if I was prepared to wait as I know they are very restricted. Surprisingly he said it could be possible but, even if it were possible, I would need to agree to various restrictions like not to sell the car within 3 years else it would directly affect his relationship with them.
So I was interested to get the views of the 911 experts on this thread.
Let's say I managed to get allocated a GT3 at some point in the next few months in RHD form and I paid list price. The car would be supplied directly from Germany rather via a UK dealer. I would guess the price might be circa £130k with options. Lets say I sold it after 3 years with 15,000 miles to a UK dealer. What do you think is the most likely price they would offer? I know some will say that is like asking how long is a piece of string, but making some reasonable options I was thinking maybe £100k. Does that sound realistic or too pessimistic?
Ideally I would want a 911 with rear seats but I don't believe this is an option on the GT3. He said he could get a different model direct from the factory but it would be subject to the same conditions although he could get a (small/ish) discount to make it worthwhile buying direct than from a UK dealer. On that basis what is the "next best" model type in terms of minimising the depreciation over a 3 year period?
Sorry for the focus on depreciation, but as I don't particular lust for a 911, I am more thinking about it as a good way of getting a nice car for what I might consider a reasonable deal for a 3 year period. Any advice gratefully received.
My understanding (although happy to be corrected) is that the RHD production run is finished? I’d be very surprised if you can still get one that you spec yourself. Also, I see no reason why you holding onto it for 3 years helps his relationship - several purchasers chop their cars back in shortly after getting them giving the dealerships a hefty chunk of the profits and as a result actually build their relationships further. I get what your friend is saying that if you did that it would look like you used his influence for profit, but I don’t think you need to sit on it for 3 years to prove that wasn’t your intention.
As for value, I’d say £100k is probably conservative based on current prices of the 991.1.
As for value, I’d say £100k is probably conservative based on current prices of the 991.1.
SWGT3 said:
My understanding (although happy to be corrected) is that the RHD production run is finished? I’d be very surprised if you can still get one that you spec yourself. Also, I see no reason why you holding onto it for 3 years helps his relationship - several purchasers chop their cars back in shortly after getting them giving the dealerships a hefty chunk of the profits and as a result actually build their relationships further. I get what your friend is saying that if you did that it would look like you used his influence for profit, but I don’t think you need to sit on it for 3 years to prove that wasn’t your intention.
As for value, I’d say £100k is probably conservative based on current prices of the 991.1.
Interesting information - thanks. As for value, I’d say £100k is probably conservative based on current prices of the 991.1.
Do you have a view on what is the "next best" 911 in terms of minimising depreciation but which has the rear seats? From what I can see, aside from the GT variants, the depreciation of the other 911 models is more normal (i.e. high).
By the way, I know it can be a bit sad to start a thread with the emphasise on depreciation. My excuse is that I've already made one fairly significant 'unnecessary' commitment in agreeing to rent a chalet for next ski season, so my wife will start wondering what I am doing
Murph7355 said:
BTW, if you buy it direct who would do all the import paperwork incl. things like conformity checks?
also mentions RHD but not whether full C16 specAnyway I doubt people will be too forthcoming with advice, you have come on to the Porsche section where enthusiasts who love 911s are upset at doing getting access to the halo models, saying you have a shortcut but don't really like 911s but which one should I buy for the best depreciation deal!
All hold value well ATM but that could change, sought after 4 seats - get a turbo or GTS
Murph7355 said:
BTW, if you buy it direct who would do all the import paperwork incl. things like conformity checks?
My friend collects the cars from Porsche in Germany, so I presume they are dealing with all the paperwork. He has sold several over the years without issue to UK dealers so I don't believe there are issues with conformity. However, if I was to progress things further I would double check on those points.Murph7355 said:
I wouldn't drop a 6 figure sum on ANY car I didn't particularly lust after. At that point it's just a "nice" car and there are loads of those to choose from.
TBH I see myself as an car enthusiast but for the last few years I have other priorities like family, pensions, and my business.And my rather (cold) logic is that many mid range cars will cost circa £10k per year in depreciation, so if could could buy a "better" car and be reasonably confident the costs would be within this cost range, it would be ok. Hence my focus on depreciation.
Adam B said:
Anyway I doubt people will be too forthcoming with advice, you have come on to the Porsche section where enthusiasts who love 911s are upset at doing getting access to the halo models, saying you have a shortcut but don't really like 911s but which one should I buy for the best depreciation deal!
Fair point - I see a similar thing in the watch sub-forum where people will often want to buy a Rolex and be worried about depreciation and re-sale value which really misses the point. So I know what you mean. In this case, I realise I am going to look like a cold hearted b
d lolDo you plan on using the Porsche regularly? There is also a school of thought that people that have these halo cars are now scarred to use them as the market demands ultra low mileage to get the big figures.
They are a bit of a poisoned challace, if you are worried about depreciation don't get one as you won't be able to use it, if you are not worried about depreciation you will most likely be to busy working to fund that depreciation to drive it.
Get a SUV like everyone else to use daily & go buy an already deprisiated 911 to enthusiast over.
Anyone can buy a new car, only those classy enough buy a classic.
They are a bit of a poisoned challace, if you are worried about depreciation don't get one as you won't be able to use it, if you are not worried about depreciation you will most likely be to busy working to fund that depreciation to drive it.
Get a SUV like everyone else to use daily & go buy an already deprisiated 911 to enthusiast over.
Anyone can buy a new car, only those classy enough buy a classic.
Depreciation is dependent on three things
Model
Spec
Mileage
Porsche residuals are very sensitive to the latter in particular....anything over 5k miles per annum in a 911 and it'll impact your residual...on a GT3 it's less than 5k miles. On Spec you "need" to spend a sensible £10k to £15k on spec to ensure that when you sell it there is a good audience for your car. I'd say you would probably get most of that £10k back when you come to sell it. 911's don't come with a lot of things that very normal family cars have as standard.
If you intend to do the norm of 5k to 10k miles per year I don't think there's a four seat 911 that will only lose £10k per year.
If I was in your position and wanted cheapish four seat motoring from Porsche I'd probably buy the new facelifted Macan when it comes out. If you get a new Macan GTS which will probably cost £70k that'll be worth more than £40k in three years. They hold their value really well.
Model
Spec
Mileage
Porsche residuals are very sensitive to the latter in particular....anything over 5k miles per annum in a 911 and it'll impact your residual...on a GT3 it's less than 5k miles. On Spec you "need" to spend a sensible £10k to £15k on spec to ensure that when you sell it there is a good audience for your car. I'd say you would probably get most of that £10k back when you come to sell it. 911's don't come with a lot of things that very normal family cars have as standard.
If you intend to do the norm of 5k to 10k miles per year I don't think there's a four seat 911 that will only lose £10k per year.
If I was in your position and wanted cheapish four seat motoring from Porsche I'd probably buy the new facelifted Macan when it comes out. If you get a new Macan GTS which will probably cost £70k that'll be worth more than £40k in three years. They hold their value really well.
Forget the 4 seats - just buy another car for that role. Get a GT3 or even better a GT3 RS - use it for high days and holidays, take it in turn to take the kids etc and sell it in pristine condition with low mileage in 3 years time. Any GTS or Turbo is going to be far more expensive to run over 3 years and not nearly as special...
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