What mileage is the right time to sell?
Discussion
Although I love my 987.2 CS more than any other car I have ever owned (bar the Chimaera, but for very different reasons!) I recognise that there may be a point at which the value suffers and the costs increase (usually around the 60,000 mile mark in most cars, I'd have thought).
I am not quite at the 50,000 mile mark and the car is a really beauty but is there a mileage at which it would be sensible to sell? At 50k it should have a few years use without major cost (subject to a clear crystal ball, of course!).
Your thoughts/experience would be welcomed.
JM
I am not quite at the 50,000 mile mark and the car is a really beauty but is there a mileage at which it would be sensible to sell? At 50k it should have a few years use without major cost (subject to a clear crystal ball, of course!).
Your thoughts/experience would be welcomed.
JM
agree porkers close to or over 60kmiles are very hard to sell.
Some people will say not an issue, but sales say other wise. Also most stuff is past it's best at 60k.
two milestones regarding resale imo.
sub 30k (what I stick to) I like to sell at 28/29k miles, and then as you say >60k miles is a very hard sale.
Some people will say not an issue, but sales say other wise. Also most stuff is past it's best at 60k.
two milestones regarding resale imo.
sub 30k (what I stick to) I like to sell at 28/29k miles, and then as you say >60k miles is a very hard sale.
From what I’ve seen prices tend to dip at or around the 60000 mile mark, then again at 80000 miles or so, before starting to settle when they get to 100000 miles.
Of course this is very general and when buying a higher mileage Porsche, condition should always be the leading factor in any decision to buy.
I loved my 987.2 too, but an opportunity came up to effectively swap it for a 993, which was clearly too good to miss. Realistically a Cayman S will never significantly increase in value like most older 911s have been.
If yours is not a ‘forever car’ then I’d say plan to sell below 60000 miles to get the maximum cash for your next car. Until then make the most of a fantastic car and you may we’ll decide it will become a ‘forever car’.
Of course this is very general and when buying a higher mileage Porsche, condition should always be the leading factor in any decision to buy.
I loved my 987.2 too, but an opportunity came up to effectively swap it for a 993, which was clearly too good to miss. Realistically a Cayman S will never significantly increase in value like most older 911s have been.
If yours is not a ‘forever car’ then I’d say plan to sell below 60000 miles to get the maximum cash for your next car. Until then make the most of a fantastic car and you may we’ll decide it will become a ‘forever car’.
Surely once you have taken into account the cost of replacing the car, then it's almost never economical to swap a car because of depreciation.
That's ok, it's nice to have nice things. It's just you have stated how much you love the car. In which case I wouldn't make a decision to sell based on further depreciation. Sell the car when you're ready for something else.
That's ok, it's nice to have nice things. It's just you have stated how much you love the car. In which case I wouldn't make a decision to sell based on further depreciation. Sell the car when you're ready for something else.
MDL111 said:
I would have thought that replacing a car with a lower mileage one is always detrimental from a financial perspective as depreciation is usually higher than the running costs (excluding situations where you knowingly sell a lemon that needs substantial work)
As kushy found out it's 4k for a refresh on all Sus parts.So maybe better to swap for a 15k mile example of the same car, but as I said I hate running cars over 30k miles anyway.
Porsche911R said:
As kushy found out it's 4k for a refresh on all Sus parts.
So maybe better to swap for a 15k mile example of the same car, but as I said I hate running cars over 30k miles anyway.
That's if you know the 15k car's history and trust nothing is going to go wrong. I'd rather stick with mine, save £10k over the 15k miler and put that into a contingency fund. If you love the car you have why go for a different one. It's like women.So maybe better to swap for a 15k mile example of the same car, but as I said I hate running cars over 30k miles anyway.
Mileage is only relevant if you have to sell and if you have a car you like, then just keep it and look after it.
Obviously each decade of mileage is a barrier - all I say is that I have bought well-maintained cars with over 100k on the clock, at bargain prices due to this being a big barrier for buyers and got great value.
Worrying about big bills down the line is possibly a by-product of reading forums such as these, with 'experts' spouting arbitrary figures and warning of impending doom at every turn.
Obviously each decade of mileage is a barrier - all I say is that I have bought well-maintained cars with over 100k on the clock, at bargain prices due to this being a big barrier for buyers and got great value.
Worrying about big bills down the line is possibly a by-product of reading forums such as these, with 'experts' spouting arbitrary figures and warning of impending doom at every turn.
Pretty much what Cmoose says. It’s not as if you have a highly rare spec that will always retain a higher proportion of its value, so if you love the car and have maintained it properly, all you are doing is paying more money in the long run when doing a swap.
You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it 😁
Saying you can’t sell a car with over 60k on it is absolute BS though
You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it 😁
Saying you can’t sell a car with over 60k on it is absolute BS though
Thanks for all your views. It's a difficult one as I do love the car but I am not sure I am a particular 'keeper of cars'. I had the chim for 7 years; twice as long as any I have had in the past. I still hanker after one a little but the CS is the better drivers car and my preference is to have a car for the enjoyment of driving. My age may also become a factor and a nice luxury barge might reduce this rather childish need to hare around all the time! I really did enjoy my years with the XJR and another, similar, vehicle might attract at some point. Pro tem, I shall enjoy the CS and keep looking around. I think it still has some good value, if one is to believe the Porsche UK annual valuations!
mattman said:
Pretty much what Cmoose says. It’s not as if you have a highly rare spec that will always retain a higher proportion of its value, so if you love the car and have maintained it properly, all you are doing is paying more money in the long run when doing a swap.
You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it ??
Saying you can’t sell a car with over 60k on it is absolute BS though
all rubbish ;-) , go talk to Porsche dealers and ask them how hard it is to sell a 60k mile porker, of course it's sells but the price has to be rock bottom low and that's if you can find a buyer even at a bargain price.You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it ??
Saying you can’t sell a car with over 60k on it is absolute BS though
10k to 30k miles cars can be zero difference in price unless GT models.
60k miles cars tank in price, that's just how it is, you can buy a 991 >60k miles under £50k
Edited by Porsche911R on Thursday 9th January 15:53
Porsche911R said:
mattman said:
Pretty much what Cmoose says. It’s not as if you have a highly rare spec that will always retain a higher proportion of its value, so if you love the car and have maintained it properly, all you are doing is paying more money in the long run when doing a swap.
You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it ??
Saying you can’t sell a car with over 60k on it is absolute BS though
all rubbish ;-) , go talk to Porsche dealers and ask them how hard it is to sell a £60k mile porker, of course it's sells but the price has to be rock bottom low and that's if you can find a buyer even at a bargain price.You’ll pay a premium for a low mileage car, which you then lose once you start using it.
At the end of the day it’s your money, your choice, so get what you like and enjoy it ??
Saying you can’t sell a car with over 60k on it is absolute BS though
10k to 30k miles cars can be zero difference in price unless GT models.
60k miles cars tank in price, that's just how it is, you can buy a 991 >60k miles under £50k
The OP has a Gen 2 987 CS with mileage in the high 40s - if he puts on another 11-12k miles in the course of the next couple of years, the car will fall in value, due to both increased age and mileage, but the cost will be nowhere near what it would cost to trade the car for in for something similar with lower mileage. The 'new' car will still require servicing and maintenance and with an unknown history could just as easily need major repairs as the car he owns.
He's not in the market that Porsche dealers operate in - their core business is late, low mileage cars or rarer models. There aren't any Gen 2 987 CS for sale in the Porsche network.
If I had a 987 C2S, especially if it were a manual, I would hold onto it - it's quite a rare car and there will always be a market for it.
pete.g said:
Look at any trade guide - there will be a significant difference between a 10k miles car and a 30k miles car.
The OP has a Gen 2 987 CS with mileage in the high 40s - if he puts on another 11-12k miles in the course of the next couple of years, the car will fall in value, due to both increased age and mileage, but the cost will be nowhere near what it would cost to trade the car for in for something similar with lower mileage. The 'new' car will still require servicing and maintenance and with an unknown history could just as easily need major repairs as the car he owns.
He's not in the market that Porsche dealers operate in - their core business is late, low mileage cars or rarer models. There aren't any Gen 2 987 CS for sale in the Porsche network.
If I had a 987 C2S, especially if it were a manual, I would hold onto it - it's quite a rare car and there will always be a market for it.
It's not a manual but is pretty well loaded and has the flappy paddle steering wheel and Sports + etc. I prefer the PDK as I live in the burbs and spend some time in traffic. Also, in the mountains of Europe the PDK is an awesome tool. My original point was (apart from not being well put across, obv!) that the 60k mileage coincides with an increase in costs (potentially) and a fall in value (linked, I realise). I was merely trying to guage others thoughts and experiences given that 60k miles is can be critical to one's pocket.The OP has a Gen 2 987 CS with mileage in the high 40s - if he puts on another 11-12k miles in the course of the next couple of years, the car will fall in value, due to both increased age and mileage, but the cost will be nowhere near what it would cost to trade the car for in for something similar with lower mileage. The 'new' car will still require servicing and maintenance and with an unknown history could just as easily need major repairs as the car he owns.
He's not in the market that Porsche dealers operate in - their core business is late, low mileage cars or rarer models. There aren't any Gen 2 987 CS for sale in the Porsche network.
If I had a 987 C2S, especially if it were a manual, I would hold onto it - it's quite a rare car and there will always be a market for it.
Johnniem said:
pete.g said:
Look at any trade guide - there will be a significant difference between a 10k miles car and a 30k miles car.
The OP has a Gen 2 987 CS with mileage in the high 40s - if he puts on another 11-12k miles in the course of the next couple of years, the car will fall in value, due to both increased age and mileage, but the cost will be nowhere near what it would cost to trade the car for in for something similar with lower mileage. The 'new' car will still require servicing and maintenance and with an unknown history could just as easily need major repairs as the car he owns.
He's not in the market that Porsche dealers operate in - their core business is late, low mileage cars or rarer models. There aren't any Gen 2 987 CS for sale in the Porsche network.
If I had a 987 C2S, especially if it were a manual, I would hold onto it - it's quite a rare car and there will always be a market for it.
It's not a manual but is pretty well loaded and has the flappy paddle steering wheel and Sports + etc. I prefer the PDK as I live in the burbs and spend some time in traffic. Also, in the mountains of Europe the PDK is an awesome tool. My original point was (apart from not being well put across, obv!) that the 60k mileage coincides with an increase in costs (potentially) and a fall in value (linked, I realise). I was merely trying to guage others thoughts and experiences given that 60k miles is can be critical to one's pocket.The OP has a Gen 2 987 CS with mileage in the high 40s - if he puts on another 11-12k miles in the course of the next couple of years, the car will fall in value, due to both increased age and mileage, but the cost will be nowhere near what it would cost to trade the car for in for something similar with lower mileage. The 'new' car will still require servicing and maintenance and with an unknown history could just as easily need major repairs as the car he owns.
He's not in the market that Porsche dealers operate in - their core business is late, low mileage cars or rarer models. There aren't any Gen 2 987 CS for sale in the Porsche network.
If I had a 987 C2S, especially if it were a manual, I would hold onto it - it's quite a rare car and there will always be a market for it.
You could upgrade, but it will be much more expensive than keeping what you have.
The cost of ownership must surely be directly proportionate to your annual mileage.
In most cases with average repair bills you'll always be better off keeping the car and paying the maintenance, even with the worry of a £10k engine rebuild, than changing it.
But it does also depend whether you're keeping something which doesn't age, i.e. a "classic" so the cost of longing for something newer isn't added in. Any 911 passes the classic test (even 996s) and I'd say a 987 or later Cayman does too.
Most car owners change because they want something more up to date, as car advertising dictates in the main, and also so they can keep up with the Joneses. A modern classic Porsche bucks this trend and allows owners to save money by keeping their cars for hundreds of thousands of miles with low maintenance costs compared to chopping them in for something "better".
In most cases with average repair bills you'll always be better off keeping the car and paying the maintenance, even with the worry of a £10k engine rebuild, than changing it.
But it does also depend whether you're keeping something which doesn't age, i.e. a "classic" so the cost of longing for something newer isn't added in. Any 911 passes the classic test (even 996s) and I'd say a 987 or later Cayman does too.
Most car owners change because they want something more up to date, as car advertising dictates in the main, and also so they can keep up with the Joneses. A modern classic Porsche bucks this trend and allows owners to save money by keeping their cars for hundreds of thousands of miles with low maintenance costs compared to chopping them in for something "better".
What most people forget about when discussing costs and prices is that we're pretty much fools when spending money on our cars. Generally speaking cars will cost too much to purchase and run, yet we continue to throw our money after them but that's our personal choice and it shouldn't be affected by the opinions of the internet.
Yes, we can ask advice from others and read reviews but ultimately the final decision is our own. When I first started in car ownership you had to change them often because they rusted away! These days I keep them longer because (usually) my choice (along with build quality) has improved. The internet would have you believe my current car is a liability, a time bomb waiting to explode or something so dangerous you need keep well clear of. Fortunately I've owned it for 10 years (it's now 13yrs old) and still enjoy driving it. Yes, one day it may well break down and cost some money but so might a different make/model - with or without a warranty.
Get what you want. It's your money. Changing just because it may make financial sense is not always the right option
Yes, we can ask advice from others and read reviews but ultimately the final decision is our own. When I first started in car ownership you had to change them often because they rusted away! These days I keep them longer because (usually) my choice (along with build quality) has improved. The internet would have you believe my current car is a liability, a time bomb waiting to explode or something so dangerous you need keep well clear of. Fortunately I've owned it for 10 years (it's now 13yrs old) and still enjoy driving it. Yes, one day it may well break down and cost some money but so might a different make/model - with or without a warranty.
Get what you want. It's your money. Changing just because it may make financial sense is not always the right option
All this talk of high mileage reminds me of a really high mileage GT3...there was a thread on here about it. Think it was a 997 GT3 with 100k miles plus and still sold for £50k I think. IIRC had a full service history.
So maybe GT cars not as mileage sensitive as someone will potentially always say “It’s the only way I can afford a GT3”
So maybe GT cars not as mileage sensitive as someone will potentially always say “It’s the only way I can afford a GT3”
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