Crown

Board: Porsche - 911 - 997 Language: English Region: Worldwide Share/Save/Bookmark Close

Forum - Thread


    How much will we lose a year?

    How much do you all think the 997 will depreciate in the first year? M y freind with a 996 c4s has lost 15k in 2 years and he thought he was getting into a car that would hold its value.

    Re: How much will we lose a year?

    50% in 3 years. if you are lucky.

    Re: How much will we lose a year?

    Is that what you expect to lose in Gremany. Seems alot.

    Re: How much will we lose a year?

    I believe C4 S coupe and Cab. are two of the Porsche cars that won't loose as much as the other models.

    Re: How much will we lose a year?

    what kind of depreciation is it in the states? I thought C4S values were rock solid but seems 997 and may be over supply has hurt them.

    Re: How much will we lose a year?

    No doubt that you'd loose a lot of money on any porsche now days, for example the CGT you can buy it used for below the MSRP, but C4 S coupe and cab. are hard to come by. at least at the 2 Houston dealers you hardly see any C4 S cars many 997 (not S) but hardly any C4 S models.

    Re: How much will we lose a year?

    Quote:
    Ron (Houston) said:
    No doubt that you'd loose a lot of money on any porsche now days, for example the CGT you can buy it used for below the MSRP, but C4 S coupe and cab. are hard to come by. at least at the 2 Houston dealers you hardly see any C4 S cars many 997 (not S) but hardly any C4 S models.



    Once the 997C4S is out, the 996 version will take a big hit...

    All current Porsches are built in mass-production quantities. GT3 is the safest bet for resale.

    Re: How much will we lose a year?

    There's a pic of a 997C4S on rennlist GT3 forum, check it out.

    Re: How much will we lose a year?

    We will all lose at least 25% in the first year. The 997 keeps its value a little better than the 997s. A friend of mine purchased a 996 cab (sticker: 92k; sales price: 72k) a couple of years and could not find a buyer anywhere near the lease buyout price of 62k. The most he was offered was in the low 50's, so he ended up keeping the car. All cars depreciate significantly, but particularly cars in this class.

    Re: How much will we lose a year?

    Wow 25% in the first year In the Uk we will only lose a maximun of 10% in the first year and the 997s will be more sort after on the used market than the 997.

    Re: How much will we lose a year?

    Quote:
    RonH said:
    The 997 keeps its value a little better than the 997s.



    What do you base this statement on? Have you actually compared resales of 997 and 997S? Since new 997S are in shorter supply than the regular 997 model, I would have a hard time believing that a used 997 holds it value better than a 997S.

    Phil

    Re: How much will we lose a year?

    Friend of mine told me today he was offered a September 04 997C2S (not from an OPC) for Pounds72k. It sounds similar spec to mine (maybe a bit lower spec as it didn't have sport chrono) and mine was Pounds71k brand new last week. So values are holding well at the moment as you would expect with there being a waiting list and all that.

    I think the 997 here in the UK will hold its value well for at least the first 18 months or so.

    Anyway, who cares. If I wanted an investment, I'd have bought an ISA.

    Re: How much will we lose a year?

    997s..list price 86k....38% residual at 5 years. I saw the lease.

    Re: How much will we lose a year?

    I was told that the uk is the country that does not hold stock 997 or the s. All other countries sell most stock cars. Not sure how true this is but would be good to know how many has bought a stock car from porsche dealer and not speced the to own requirement.

    Re: How much will we lose a year?

    I ordered a 997s last month, my specs. March build. April delivery.

    Re: How much will we lose a year?

    PS CA:

    I base my statement that the 997 keeps its value a little better than the 997s on the fact that typically, higher end, more spec'd out vehicles depreciate more b/c future buyers come to the conclusion that they can buy a brand new 997 as opposed to a used 997s for closer to the same price. This fact is reflected in the residual values for the cars--997 has a higher residual value than the 997s.

    Re: How much will we lose a year?

    WOW, this scares me. I guess the best thing to do is just keep you car a long long time or buy it as cheap as possible, ie no options.

    Re: How much will we lose a year?

    Quote:
    Texas911 said:
    WOW, this scares me. I guess the best thing to do is just keep you car a long long time or buy it as cheap as possible, ie no options.



    At least Porsche is in the top 10 of residual values. Here is a list of the top 10 with residual values after 3 years:

    Vehicle Name Residual Value List Price
    Mercedes-Benz CLK-Class 67% $45,250 - $80,850
    BMW M3 64% $47,300 - $55,800
    Dodge Viper SRT-10 64% $81,495
    Mini Cooper S 64% $19,899 - $24,400
    Porsche 911 (Carrera) 63% $69,300 - $79,100
    Nissan 350Z 62% $26,500 - $36,450
    Mercedes-Benz SL-Class 61% $89,900 - $179,000
    BMW 645 60% $69,900 - $76,900
    Lexus SC 430 59% $63,175
    Cadillac XLR 58% $75,835

    Phil

    Re: How much will we lose a year?

    Quote:
    RonH said:
    PS CA:

    I base my statement that the 997 keeps its value a little better than the 997s on the fact that typically, higher end, more spec'd out vehicles depreciate more b/c future buyers come to the conclusion that they can buy a brand new 997 as opposed to a used 997s for closer to the same price. This fact is reflected in the residual values for the cars--997 has a higher residual value than the 997s.



    You are right! I checked with local Porsche dealer and the following are the residual values after 3 years for cars leased through Porsche Financial.
    997 59%
    997S 56%

    Phil

    Re: How much will we lose a year?

    What I found to be particularly eye-opening is the fact that the residual value on my BMW 545smg was 76% on a two year lease, whereas the residual on my 997s on a two year lease is 64%. However, we simply must accept the fact that cars are depreciating assets and if we insist on purchasing new vehicles, we take the hit--an expensive hit. As we all know, the smartest financial move is to purchase a low-mileage used vehicle and let someone else suffer the consequences.

    Re: How much will we lose a year?

    Also, I was contacted by the local BMW dealer--they have a 2002 twin-turbo with 15k miles and offered to sell it for 75k. I believe the car was about 140k brand new, so selling for almost half of its original price.

    Re: How much will we lose a year?

    you also loose sales tax

    Re: How much will we lose a year?

    Quote:
    RonH said:
    What I found to be particularly eye-opening is the fact that the residual value on my BMW 545smg was 76% on a two year lease, whereas the residual on my 997s on a two year lease is 64%. However, we simply must accept the fact that cars are depreciating assets and if we insist on purchasing new vehicles, we take the hit--an expensive hit. As we all know, the smartest financial move is to purchase a low-mileage used vehicle and let someone else suffer the consequences.



    Cos. can move around money factors/residual values/make erroneous predictions re: resale values for all kinds of reasons, incl. moving slow-selling cars to generate revenues to "make the numbers" for a quarter....so strictly comparing residual values may be misleading. Given the software intensity of any new P/F/MB, etc., I wouldn't want to be the owner of any of these cars after the first 2 yrs or so of use....and certainly not when the warranty period is near over....perhaps we should view the lower resale values of almost all new cars as a modern-day cost of ownership. But let's not forget that today's new car prices are almost downright free vs prices of similar new cars (w/dismal relative performance capabilities) in late '80s and early '90s....and interest rates/car lease terms were not notably attractive back then....I suspect we're all enjoying much greater performance from our new cars per dollar of ownership cost today, despite any declines in resale value.

    Re: How much will we lose a year?

    Porsche finacial is just out to make money with those low residuals. Lower residuals = higher lease payments.

    Re: How much will we lose a year?

    With UK dealers quoting 6 to 12 month wait for new 997's, the 997 will hold its value well in the UK. The UK market is saturated with new cars and most cars over the Pounds50 bracker drop heavily in the first year - the new 6 Series is showing signs of these with nearly new cars being offered at over 12% less than new.

    As per Robbo's view, I am confident that the UK prices for the 997 will be strong for at least the first 12 months. The Sunday Times Driving section is the benchmark to use in reviewing used car prices in the UK - you will note that there aren't any cars for sale second hand below list.

    I intend to keep my 997S for about 10 months and hope to move to a C4S - I am planning on loosing a maximum of Pounds3k in 10 months - 4.3% - not bad for a car that costs cPounds70k in the UK.

    Rgds
    Prashan

    Re: How much will we lose a year?

    I agree with Prashan and Robbo's views, in the UK the 997 will have a small depreciation within the first 18 months, Its common practise to roll over the depreciation by buying a new PO every 1.5 to 2 years. This helps with the 2 year warranty issue and works well with PO finance which simplifies the renewal. IMO Its seems that 997's are easier to source in the USA, remember here in the UK we have at the least a 6 month + wait. 997's represent reasonable value here in the UK when compared with other performance cars which have similar sports car credentials, although PO in the US are relatively expensive when taking into consideration the incredible value of American cars. Certainly big contributors to the higher depreciation

    Re: How much will we lose a year?

    Quote:
    Prashan said:
    With UK dealers quoting 6 to 12 month wait for new 997's, the 997 will hold its value well in the UK. The UK market is saturated with new cars and most cars over the Pounds50 bracker drop heavily in the first year - the new 6 Series is showing signs of these with nearly new cars being offered at over 12% less than new.

    As per Robbo's view, I am confident that the UK prices for the 997 will be strong for at least the first 12 months. The Sunday Times Driving section is the benchmark to use in reviewing used car prices in the UK - you will note that there aren't any cars for sale second hand below list.

    I intend to keep my 997S for about 10 months and hope to move to a C4S - I am planning on loosing a maximum of Pounds3k in 10 months - 4.3% - not bad for a car that costs cPounds70k in the UK.

    Rgds
    Prashan



    Can I assume then that you will be selling it privately? You certainly won't get that trading it in to an OPC for the C4S. I agree with the general thrust though, the residuals are pretty safe for the first 2 years. After that if the volumes are anywhere near the 996, then there will be substantail drops.

    Re: How much will we lose a year?

    If you're in it for the long term be patient and wait a couple years as I am. Delayed gratification is tough. I intend to get an equity loan and spread my payments out as far as possible.

    See Finance 101 Opportunity Cost. Make you're money and time work for you. Maybe people here don't worry about using leverage. I've leased my wifes passat for 4 years, then got a loan for 4 more. You pay the same amout if you were to finance a purchase over 5 years. You lower your monthly and enables me to max out 401k's, 529's etc.

    Makes no sense to pay cash for cars or pay your mortgage in 15 years..unless of course you can do so and not blink..twice.

     
    Edit

    Forum

    Board Subject Last post Rating Views Replies
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA 2/14/19 1:26 AM
    watt
    330920 2045
    Porsche Sticky The moment I've been waiting for... 2/16/19 2:13 AM
    Pilot
     
     
     
     
     
    217815 1114
    Porsche Sticky OFFICIAL: 991.2 GT3 RS (2018) 2/15/19 11:05 AM
    RCA
    145796 2579
    Porsche Sticky OFFICIAL: The new Porsche 992 – a design icon and high-tech sports car 2/17/19 6:10 PM
    SportCarGroup
    60475 798
    Porsche Sticky Paint protection film 2/16/19 9:52 AM
    AP911
    16157 148
    Porsche Sticky Child seats in a 991 11/29/18 3:43 PM
    RCA
    14651 35
    Porsche Sticky OFFICIAL: 992 Carrera Cabriolet 2/16/19 3:33 PM
    the-missile
    9942 126
    Porsche Sticky Welcome to Rennteam: Cars and Coffee... (photos) 2/16/19 10:23 PM
    Boxster Coupe GTS
    3026 59
    Porsche OFFICIAL: 991 Turbo and Turbo S 1/4/19 7:02 PM
    Topspeed
    486808 4255
    Porsche OFFICIAL: New 991.2 GT3 (2017) 1/29/19 10:07 PM
    nberry
    421918 5220
    Porsche 992 (Next 911 generation 2019/2020) Thread Closed 11/29/18 11:38 AM
    RCA
    317290 3195
    Porsche OFFICIAL: 911 R (2016) 12/31/18 2:19 AM
    DJM48
    286550 2598
    Porsche Cayman GT4 2/14/19 7:29 PM
    WhoopsyM
    280350 2759
    Porsche OFFICIAL: 911 GT2 RS (2017) 1/30/19 3:10 AM
    ha
    219061 2777
    Ferrari 488 GTB/GTS 1/17/19 8:13 PM
    GoHardGT3RS
    195535 1789
    McLaren McLaren on a winning streak 2/17/19 5:58 PM
    the-missile
    191305 3354
    Others Audi R8 V10 Plus (2016 model) - Review (updated Feb 13th 2017) 12/17/18 12:42 PM
    RCA
    157662 2491
    Porsche Boxster Spyder (981) 8/31/18 10:25 AM
    WAY
    144587 757
    Ferrari Ferrari F12 Berlinetta / 599 GTO Successor 5/22/18 9:16 PM
    RCA
    112986 789
    Others VW caught cheating emissions tests 5/3/18 7:52 PM
    CGX car nut
    107899 871
    Porsche Porsche Mission E - the future of Porsche? 2/17/19 9:17 AM
    Paulo_Rangel_Melo
    98788 1367
    Porsche Donor vehicle for Singer Vehicle Design 12/7/18 10:15 PM
    Boxster Coupe GTS
    68809 673
    Others Tesla Roadster 2/13/19 8:40 AM
    RCA
    57191 1723
    Porsche OFFICIAL: New 991.2 Carrera GTS models 11/3/18 11:09 AM
    bluelines
    48387 477
    Others Tesla Model X Thread Closed 2/23/18 3:41 PM
    RCA
    43562 1122
    AMG AMG GT R 11/30/18 4:10 PM
    RCA
    43118 605
    Lambo Aventador and SV 11/19/18 8:31 AM
    RCA
    40836 472
    Porsche OFFICIAL: New 991.2 Turbo S Exclusive Series (2017) 12/4/18 3:17 PM
    BiTurbo
    40599 650
    AMG Mercedes E63 S AMG (2018) - Short Review (updated on a regular basis) 2/14/19 1:44 PM
    RCA
    40222 387
    Porsche OFFICIAL: New Porsche Carrera T 12/13/18 2:27 PM
    RCA
    39184 804
    269 items found, displaying 1 to 30.