Does mileage kill residuals for Porsches??

[mondeoman]

Just a thought - buying a new/1yr old Porsche 996 and then piling on 35k miles a year , will it get hammered by depreciation or is it more likely to hold up fairly well .........

[mondeoman]

JamieBeeston said:

charlie360 said: I tend to agree with Dan - I've got a 996 TT and am doing around 2-3K miles a month at the moment, what's the point of owning a car like this if you don't use it - having said that Porsche seemto suffer far less than Ferrari's in this respect. Cars are for driving, not minimising fiscal losses on. If you want to minimise your lose, get a yugo I dont get people who buy cars, and then drive them only on sunny weekends, with ghastly car bras on, just to keep the cars value... its obvious you cant AFFORD the car, so dont get it... IMHO TVR = 20k in yr Porsche = 8k since I got in in June. So i lose a few K come trade in, who cares, I have 20k miles of memories in the car. as oposed to 20 miles of memories!

If you knew me you'd know I don't buy to do minimal mileage - I hammer my cars big style. Limits are for whimps

But I was just trying to work out if I could afford one yet, given the spare cash/borrowings/residuals issue, amounts lost over 3 years makes an issue on affordability. Simple really - I will have one, just don't know if its yet yet.