997 tt conundrum?

[IMI A]

Currently running a March 07 997 turbo which has covered 6k miles. OPC have indicated they can provide me with a March 08 del 997 turbo for a changeover figure of c. £10k-£12k nxt year but they want deposit tomorrow. Should I keep it for another 12 months or sell it and take 08 car gentleman? Financial sense or financial madness?

[edinandrew]

Total madness unless you want to lose another £10-12k on that one as well? As far as I am aware there's no spec change (or is there?) so seems a bit daft unless you're hell bent on having an 08 reg car ................. or you're a multi millionaire?? £24k in 24 months is a big hit before any other running costs. Just my opinion of course.

[edinandrew]

Apologies - read you wrong but still even after 24 months your depreciation will slow ...........
Unless you can spec on with a new twin clutch box which would be well worth having.

[guyvert1]

IMI A said:

Currently running a March 07 997 turbo which has covered 6k miles. OPC have indicated they can provide me with a March 08 del 997 turbo for a changeover figure of c. £10k-£12k nxt year but they want deposit tomorrow. Should I keep it for another 12 months or sell it and take 08 car gentleman? Financial sense or financial madness?

Please explain why you would consider this?

[chumley-warner]

I have one on order - hopefully for a similar delivery time.

I saw a similar spec car to what I want over the weekend, but the cost to change my c2s would mean I would take a bath on the c2s as I'm only 7 months into it. There is no way I want to do that - so I'd rather wait.

That said I don't already have a turbo, and if I did, it wouldn't have 6k miles on it. So it's more of an upgrade for me - why not wait a bit, and get an order on an 09 model - this sounds like a great deal for your dealer and a sh*t deal for you. My 2p.

[IMI A]

guyvert1 said:

IMI A said:

Currently running a March 07 997 turbo which has covered 6k miles. OPC have indicated they can provide me with a March 08 del 997 turbo for a changeover figure of c. £10k-£12k nxt year but they want deposit tomorrow. Should I keep it for another 12 months or sell it and take 08 car gentleman? Financial sense or financial madness?

Please explain why you would consider this?

£800-£1000 per month depreciation doen't seem the worst. i.e car retains 90% of its value after a year. With world markets set for a difficult 12 months whilst US sorts itself out the first things that normally get hit are high value cars as consumers cut back on spending. I'm guessing (perhaps wrongly) that an 08 car will stand up better to any price swings downwards better than an 07 car simply because its newer. Perhaps it is better to wait till 09 when say x 50 pack and dsg are available seeing early sentiment in reply posts.

[sleep envy]

IMI A said:

£800-£1000 per month depreciation doen't seem the worst

can I have your job please?

[edinandrew]

sleep envy said:

IMI A said:

£800-£1000 per month depreciation doen't seem the worst

can I have your job please?

A lot of that is VAT. So why would you want to pay two lots of large VAT to the bloodsucking government in such a short space of time? If markets are unstable then it will be easier to shift a cheaper Turbo than a newer more expensive one so your comment makes no sense. All that will happen is that in times of uncertainty consumer spending will fall - especially on £90k cars. Guys will either buy new (cos they have lots of money) or look for an example that is slowing on depreciation to minimise their hit as much as possible. Keep hold of it - it's a lovely car.

[IMI A]

sleep envy said:

IMI A said:

£800-£1000 per month depreciation doen't seem the worst

can I have your job please?

ah but am I happy?

[sleep envy]

IMI A said:

sleep envy said:

IMI A said:

£800-£1000 per month depreciation doen't seem the worst

can I have your job please?

ah but am I happy?

dunno but you've got more opportunities to be compared to others

hope you enjoy your new purchase

[wrn]

IMI A said:

Currently running a March 07 997 turbo which has covered 6k miles. OPC have indicated they can provide me with a March 08 del 997 turbo for a changeover figure of c. £10k-£12k nxt year but they want deposit tomorrow. Should I keep it for another 12 months or sell it and take 08 car gentleman? Financial sense or financial madness?

Warning: The OPC will be 'indicating' a changeover figure of £10k - £12k, but they won't guarantee a value on your existing car until shortly before delivery of the new one (after you are committed). I BET that they are quoting a figure now that they know is unrealistic in order to secure a sale - and nearer the time they'll claim that 'adverse market conditions/turmoil in the financial markets/a russian exodus/martians landing' has hit the value of yours harder than expected so the changeover figure will be higher.

That's what I'd do if I was a dealer. But then I'm not a very nice person.

[IMI A]

wrn said:

IMI A said:

Currently running a March 07 997 turbo which has covered 6k miles. OPC have indicated they can provide me with a March 08 del 997 turbo for a changeover figure of c. £10k-£12k nxt year but they want deposit tomorrow. Should I keep it for another 12 months or sell it and take 08 car gentleman? Financial sense or financial madness?

Warning: The OPC will be 'indicating' a changeover figure of £10k - £12k, but they won't guarantee a value on your existing car until shortly before delivery of the new one (after you are committed). I BET that they are quoting a figure now that they know is unrealistic in order to secure a sale - and nearer the time they'll claim that 'adverse market conditions/turmoil in the financial markets/a russian exodus/martians landing' has hit the value of yours harder than expected so the changeover figure will be higher.

That's what I'd do if I was a dealer. But then I'm not a very nice person.

I said no to them.

[cardigankid]

And you were right I reckon. You may feel more inclined to change to an 09 and will it cost you £24000? Its a guess but I wouldn't think so, you are still trading in or selling a pretty smart newish car and by that time they may be struggling a bit for customers. The key judgement is what it will cost to change an 08 for an 09, and my guess is that is likely to be more than £12k. Plus you'll like as not get done over for some options. I presume that you keep your cars nice and your current car is to all intents and purposes good as new, so its going to make very little difference to you in practice.

[edinandrew]

Bear in mind slightly used 997 turbos still pretty much fetch list and March 08 is only 6 months away so in effect you are giving away £12k in 6 months - just daft. Sell it privately instead if you're totally hell bent on this idea? Or sell it now - run a hire car for 6 months and you'll still be better off and get your new one in March?

[9hellheaven]

I have to say (and I include myself in this) why cant we be happy with our lot!?..
I bought my 997 2s new in March 06 spec to around 73k..I have mentioned on here before that while I can afford it and its paid for outright it really doesnt sit well with me at all. For various reasons that I wont (unless asked) go into. In terms of value for money though you owe it to yourself to get exactly that..VALUE FOR MONEY!..The only way that I can get my head around the outlay is to make sure I keep the car long term, as for the heart bit thats easy to take care of everytime I open the garage door and go for a drive..Ime happy with my lot I guess..that may come with age (46) but I sure as hell dont get the need to keep swapping and changing anymore..WHY SHOULD I!..
Its not my everyday car the 911 so it stays special I guess.(06 LANDY xs 110) Still each to their own. But maybe we as individuals and the world in general would be a better place if we all just appreciated our spot in life. I dont know about you guys and indeed girls but hand on heart just how special does buying a new car feel once youve already done it?? Been and done it feeling for me.
Sorry to go on..maybe ime just in a thoughtful mood?

[kentmotorcompany]

I would get the deposit down on the new one, on the basis that you can get it refunded up until the point where you are required to spec it, probably Jan/Feb 08.
Advertise your current car privately in the mean time, if you can get good enough money for it, sell it then go ahead with original order.

[paul0843]

if they guaranteed the £10-12k to change,i would have the new car.it will allways be a year newer and worth more than the o7 car,have a years more warranty,plus you get to spec again..cant thing of many other cars,bar 430 ,where you would get away with so little depreciation...all imo off course.