Porsche Used values why so high?
Discussion
OK so let me say firstly that I admire Porsche cars but I just can't reconcile the price of certain used Porsches in the mkt. I've never owned a Porsche but have toyed with the idea only to go with something more interesting to me when I decided to buy. I've chosen a Gen 1 V10+ R8 over a C4S then a V12VS over a GT4. Currently you can pay 80-85k for a 1 yr old Carrera, 2/3 yr old GT4, 2/3 yr old C2S or 4 yo GTS...even a brand new Boxster GTS is low to mid 70s ffs! Against that price you can almost have an early Gen 2 V10 R8, a V12 Vantage S, a new GTR, a Mc 12C (admittedly this could be a money pit), a Merc AMG GT...so what gives why are Porsche so expensive relative to the competitors. I'd like to own a Porsche at some point but dont think it'll happen when I look at what else I can have at similar money...a flat six just can't compare to a V12/V10 surely!
The short answer is that they are very popular cars, the why I guess is multi-faceted
- reliable
- hold value reasonably well (as you see)
- relatively cheap to run
- they are good cars, driving dynamics/steering/engine (depending who you ask)
- they can be used daily/are not too “flash”
- racing pedigree
- you can now get deviated stitching
..... take your pick
- reliable
- hold value reasonably well (as you see)
- relatively cheap to run
- they are good cars, driving dynamics/steering/engine (depending who you ask)
- they can be used daily/are not too “flash”
- racing pedigree
- you can now get deviated stitching
..... take your pick
Doesn’t matter whether it’s a Porsche or any othe rmake you will always find older cars that make a new car look like crazy money.
With regards to why Porache’s are expensive. It’s mainly around sales volumes...they just don’t make many so OPC’s don’t have to discount cars to shift them geberallly unless it’s a pretty run of the mill car. I think they sell something like 15k cars each year in the UK of which an awful lot are Macan and Cayenne. I think they sell maybe 3000 911’s in the UK each year.
Oh and they’re great cars.
And also I am a massive believer in the real cost of ownership is what a car depreciates by/costs to service/warranty not the ticket price. Might not look quite so expensive on that basis.
With regards to why Porache’s are expensive. It’s mainly around sales volumes...they just don’t make many so OPC’s don’t have to discount cars to shift them geberallly unless it’s a pretty run of the mill car. I think they sell something like 15k cars each year in the UK of which an awful lot are Macan and Cayenne. I think they sell maybe 3000 911’s in the UK each year.
Oh and they’re great cars.
And also I am a massive believer in the real cost of ownership is what a car depreciates by/costs to service/warranty not the ticket price. Might not look quite so expensive on that basis.
Porsche manage demand against predicted supply carefully. Their production is matched to forecast demand hence no over-supply issues causing massive discounting that volume manufacturers have or over stocking at dealers causing discounting. And as said above volumes are relative low so the demand management is achievable. This all helps keep used prices relative predictable (and high). But the flip side of that is used prices on second/third sale are still relatively high, so cost of ownership in the new and the used markets is stable and predictable.
Sure they don't always get it right, who does, but in the main, prices are pretty stable for anything current/recent.
Exception being the older vintage stuff is a roller coaster of values but that's the same for all vintage collectables and not really relevant to current/recent vehicle prices.
and of course they're very good cars as has been said above for all those sensible reasons.
Porsche GB/ the dealer network applied controls to the supply of the GT models. Various individuals speculated on this merry go round with great expectations to make a profit on their GT cars by being able to sell them significantly above list price. There appear to be cracks emerging in this financial model. However, up until now, not only have the GT cars been sitting in the classifieds and on dealer's forecourts at artificially high prices, there has been a trickle down effect on the rest of the 911 range values.
I may be completely wrong but I anticipate a very significant correction in the second hand values of Porsche cars - GT models will be hit, but I suspect that the more standard models will be hit hardest of all.
They're great cars, but they are cars, nothing more than that and the market will have it's say on values with the balance swinging towards the buyer.
Peter
I may be completely wrong but I anticipate a very significant correction in the second hand values of Porsche cars - GT models will be hit, but I suspect that the more standard models will be hit hardest of all.
They're great cars, but they are cars, nothing more than that and the market will have it's say on values with the balance swinging towards the buyer.
Peter
Interesting comments re controlling supply something that McLaren are absolutely hopeless at when you see how much those cars drop in the first two years and lack of dealer support to buy cars back from customers another issue also. I've driven a few diff Porsches from Boxster/Cayman S's to GT4 and GT3s and certainly agree that they are great cars especially the GT variants. A GT4 at £65k would be fairly compelling, current avg price is prob mid to high 70's
Depends which model you mean. A Carrera GT is an absolute bargain compared to say an F50.
Porsche also have a long history and prices of older and collectible cars (E.g. 73RS) possibly adds to the pull up of the more recent models, by adding to the appeal of the brand on the demand side.
Porsche also have a long history and prices of older and collectible cars (E.g. 73RS) possibly adds to the pull up of the more recent models, by adding to the appeal of the brand on the demand side.
MDL111 said:
The short answer is that they are very popular cars, the why I guess is multi-faceted
- reliable
- hold value reasonably well (as you see)
- relatively cheap to run
- they are good cars, driving dynamics/steering/engine (depending who you ask)
- they can be used daily/are not too “flash”
- racing pedigree
- you can now get deviated stitching
..... take your pick
+1 all very true. One reason why I've had a few Porsche's over the years - they have held their values, I can daily them, they are relatively cheap to run, when I've sold I have never been rinsed & on my 981 Spyder after a year of ownership I covered all finance costs & still made some money. Only recently have i decided to go 'off piste' as it were & bought a VV8 S manual. Its a fantastic car & glad I've experienced an Aston - its a real sense of occasion driving it & feels way more special than any Porsche I've owned (ok I have not owned a GT car). However, as i don't daily the Aston I realise I hardly drive it & so decided to put it up for sale on a SOR at Dovehouse & not much of a sniff. Aston's are more specialist & I'll take a hit when i sell.- reliable
- hold value reasonably well (as you see)
- relatively cheap to run
- they are good cars, driving dynamics/steering/engine (depending who you ask)
- they can be used daily/are not too “flash”
- racing pedigree
- you can now get deviated stitching
..... take your pick
RSbandit said:
OK so let me say firstly that I admire Porsche cars but I just can't reconcile the price of certain used Porsches in the mkt. I've never owned a Porsche but have toyed with the idea only to go with something more interesting to me when I decided to buy. I've chosen a Gen 1 V10+ R8 over a C4S then a V12VS over a GT4. Currently you can pay 80-85k for a 1 yr old Carrera, 2/3 yr old GT4, 2/3 yr old C2S or 4 yo GTS...even a brand new Boxster GTS is low to mid 70s ffs! Against that price you can almost have an early Gen 2 V10 R8, a V12 Vantage S, a new GTR, a Mc 12C (admittedly this could be a money pit), a Merc AMG GT...so what gives why are Porsche so expensive relative to the competitors. I'd like to own a Porsche at some point but dont think it'll happen when I look at what else I can have at similar money...a flat six just can't compare to a V12/V10 surely!
But this is what makes Porsche ownership actually quite inexpensive, nice to know that the car you buy will not lose much value! northpolar said:
Porsche GB/ the dealer network applied controls to the supply of the GT models. Various individuals speculated on this merry go round with great expectations to make a profit on their GT cars by being able to sell them significantly above list price. There appear to be cracks emerging in this financial model. However, up until now, not only have the GT cars been sitting in the classifieds and on dealer's forecourts at artificially high prices, there has been a trickle down effect on the rest of the 911 range values.
I may be completely wrong but I anticipate a very significant correction in the second hand values of Porsche cars - GT models will be hit, but I suspect that the more standard models will be hit hardest of all.
They're great cars, but they are cars, nothing more than that and the market will have it's say on values with the balance swinging towards the buyer.
Peter
Newish GT Porsches are extremely spec sensitive. Many are specced badly.I may be completely wrong but I anticipate a very significant correction in the second hand values of Porsche cars - GT models will be hit, but I suspect that the more standard models will be hit hardest of all.
They're great cars, but they are cars, nothing more than that and the market will have it's say on values with the balance swinging towards the buyer.
Peter
The best spec cars will always sell at good prices in any market such is the demand. Indeed, many are not even advertised.
As others have said cars like the 570S McLaren at around £100k trade for a lightly used example look appealing snd a relative bargain bearing in mind their massive depreciation in such a short time over few miles.
Trouble is cars such as this will continue to depreciate heavily essentially making them financially painful to own.
Unlike most Porsches.
Trouble is cars such as this will continue to depreciate heavily essentially making them financially painful to own.
Unlike most Porsches.
I don't change my Porsches very often, but they always prove good value over a number of years as has been mentioned above. A colleague bought a new DB11 launch edition (with no discount at the time) and just over 18-months later will be taking around a £70k pill in depreciation according to the offers he's been made by the dealers. He's gone and ordered a new 992 as although it doesn't have the sense of occasion of the AM, won't drop like a stone.
Captain James T said:
I don't change my Porsches very often, but they always prove good value over a number of years as has been mentioned above. A colleague bought a new DB11 launch edition (with no discount at the time) and just over 18-months later will be taking around a £70k pill in depreciation according to the offers he's been made by the dealers. He's gone and ordered a new 992 as although it doesn't have the sense of occasion of the AM, won't drop like a stone.
OMG - The AM depreciation is colossal - I think for that money he could have owned just about anything !! 
RSVP911 said:
Captain James T said:
I don't change my Porsches very often, but they always prove good value over a number of years as has been mentioned above. A colleague bought a new DB11 launch edition (with no discount at the time) and just over 18-months later will be taking around a £70k pill in depreciation according to the offers he's been made by the dealers. He's gone and ordered a new 992 as although it doesn't have the sense of occasion of the AM, won't drop like a stone.
OMG - The AM depreciation is colossal - I think for that money he could have owned just about anything !! Shiverman said:
RSVP911 said:
Captain James T said:
I don't change my Porsches very often, but they always prove good value over a number of years as has been mentioned above. A colleague bought a new DB11 launch edition (with no discount at the time) and just over 18-months later will be taking around a £70k pill in depreciation according to the offers he's been made by the dealers. He's gone and ordered a new 992 as although it doesn't have the sense of occasion of the AM, won't drop like a stone.
OMG - The AM depreciation is colossal - I think for that money he could have owned just about anything !! Agree that the deprec on any new AM or Mc is severe, my V12 was prob 160k new as it was quite highly specced I got it for a touch over half that at 3 yrs old, R8 V10 I had before dropped 50k in two years from new before I bought it... 2/3 yrs old seems to be the sweet spot to allow for the initial cliff like depreciation to hit. 70k in 18 months is insane tbh could never stomach that myself either.
I used to think the same but I don’t think they hold their value as well as it seems.
They’re so expensive to start with, here’s an example,
I was in an OPC test driving a Cayman S (I’ll get to that in a minute) and they had a Panamera GTS in there and a 911 Targa GTS, both had a sticker price of around 130k, the panamera was 125 I think but can’t remember exactly.
So in 2 years time, if you see the same cars up for 90 grand, you’ll think, wow, 90k! Retained its value well but in reality, it’s lost a pre reg M4’s worth of money, 40k.
The Cayman S I test drove had a list price of 70k, the salesmean found me 2 cars, 2016, Cayman S’s, one was 45 and the other was 50 (manual v PDK).
For a second I thought, wow how can it be so expensive, nearly 3 years old, out of warranty with over 20k miles! I then realised how expensive they were to start with, so while 45k for a nearly 3 year old base model Porsche is a lot of money, the price it was up for to start with reflects that.
That’s my take on it. In terms of very old Porsche’s i.e early Caymans for 10 k minimum with high miles, that sounds about right to me considering M3’s and what not go for similar money.
They’re so expensive to start with, here’s an example,
I was in an OPC test driving a Cayman S (I’ll get to that in a minute) and they had a Panamera GTS in there and a 911 Targa GTS, both had a sticker price of around 130k, the panamera was 125 I think but can’t remember exactly.
So in 2 years time, if you see the same cars up for 90 grand, you’ll think, wow, 90k! Retained its value well but in reality, it’s lost a pre reg M4’s worth of money, 40k.
The Cayman S I test drove had a list price of 70k, the salesmean found me 2 cars, 2016, Cayman S’s, one was 45 and the other was 50 (manual v PDK).
For a second I thought, wow how can it be so expensive, nearly 3 years old, out of warranty with over 20k miles! I then realised how expensive they were to start with, so while 45k for a nearly 3 year old base model Porsche is a lot of money, the price it was up for to start with reflects that.
That’s my take on it. In terms of very old Porsche’s i.e early Caymans for 10 k minimum with high miles, that sounds about right to me considering M3’s and what not go for similar money.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff