Crown

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

Forum - Thread


    Forbes Top 10 High Resale Value Vehicles

    Guess who made the list.
    http://www.forbesautos.com/advice/toptens/resale/01-resale_value.html
    911 Carrera specific URL
    http://www.forbesautos.com/advice/t...he_carrera.html

    Re: Forbes Top 10 High Resale Value Vehicles

    I'm not surprised as the car is incredible and the demand is really strong. And I think that the demand and resale price will stay high. In U.S. baseball lingo, Porsche hit a grand slam home run with the new 911.

    Jim

    Re: Forbes Top 10 High Resale Value Vehicles

    I know it's a bit off-topic, but have you noticed that the Mini is referred to throughout as a "Cooper", as though that's the name of the car?

    Re: Forbes Top 10 High Resale Value Vehicles

    Sweet, the residual value for my lease is lower than the projected resale value after 3 years

    Re: Forbes Top 10 High Resale Value Vehicles

    I think they are very off on their forcast.

    I've been working a trade for my 05 997S Cab with a $118,000.00 sticker and all it is bringing for trade is $77,000.00 to a high of $84,000.00

    A $34,000.00 - $41,000.00 hit for a one year old car with 6100 miles is not a top re-seller to me....

    Sorry, these car are tanking and will continue to tank on resale value.
    There were 13 S Cabs sitting on 1 dealers lot yesterday.
    Porsche is flooding the market with tha 997's.
    The supply and demand advantage is gone.
    Thanks Porsche...you Suck!

    Re: Forbes Top 10 High Resale Value Vehicles

    Yes, there are a lot of Cabs in the lot. Check to see how many coupe they have. On the coupe, the demand is out weight the supply at this point. Your 2005 Cab is the first model year on the 997, you alway will pay a premium for the frist year model. Fact of life. Sorry.

    Re: Forbes Top 10 High Resale Value Vehicles

    Good point

    Coupes are hard to find. I searched for a couple months around the dealerships in southern california for a Black manual coupe and couldn't find one. At the end I had to basically take over someone else's order who backed out. I only took delivery last week

    Re: Forbes Top 10 High Resale Value Vehicles

    It appears you added allot of options for an MSRP of 118,000.

    Re: Forbes Top 10 High Resale Value Vehicles

    Not so fast. here is an informative post on the study.

    Actually this "study" is based on a comparison of MSRP to the 36 month residual PREDICTION, which, as it states, could be high or low (no foolin'). It seems this is more of an advertisement for their forbesauto.com partner site than a scientific study. Nice to see Porsche on there, but alas I think the study is likely not very reliable (it would be better if they published past records of how precise their models were).

    Re: Forbes Top 10 High Resale Value Vehicles

    Quote:
    chuck said:
    I think they are very off on their forcast.

    I've been working a trade for my 05 997S Cab with a $118,000.00 sticker and all it is bringing for trade is $77,000.00 to a high of $84,000.00

    A $34,000.00 - $41,000.00 hit for a one year old car with 6100 miles is not a top re-seller to me....

    Sorry, these car are tanking and will continue to tank on resale value.
    There were 13 S Cabs sitting on 1 dealers lot yesterday.
    Porsche is flooding the market with tha 997's.
    The supply and demand advantage is gone.
    Thanks Porsche...you Suck!



    Sorry for the big hit that you are taking, but looking at your car's price you must have a lot of options. And we all know that options will help in resale, but won't give you much money back.

    I think Porsche as a brand still has above average resale value than most other car brands (except exotics car such as Ferrari and Lambo), but it is not as good as the old days.

    When I sold my 9 years old 993 Targa, my trade in value was 45% of my original cost! A friend of mine wants to trade her three years old Mercedes S430, she only got 45% of her purchase price back.

    Re: Forbes Top 10 High Resale Value Vehicles

    Quote:
    chuck said:
    I think they are very off on their forcast.

    I've been working a trade for my 05 997S Cab with a $118,000.00 sticker and all it is bringing for trade is $77,000.00 to a high of $84,000.00

    A $34,000.00 - $41,000.00 hit for a one year old car with 6100 miles is not a top re-seller to me....

    Sorry, these car are tanking and will continue to tank on resale value.
    There were 13 S Cabs sitting on 1 dealers lot yesterday.
    Porsche is flooding the market with tha 997's.
    The supply and demand advantage is gone.
    Thanks Porsche...you Suck!


    A better comparison is to base price, which is $91,400. Options rarely return better than a few thousand extra on resale.

    Re: Forbes Top 10 High Resale Value Vehicles

    The 911 does keep its value pretty well. In my country, a 911 commands a huge premium over its competitors, even other Porsche models. In the same condition, same mileage and at the same performance level:
    1993 964 Turbo 3.6: Euro 50,000
    1993 928 GTS: Euro 20,000

    A 1993 BMW 850 CSi costs even less!

    As far as more recent models are concerned, a 996 beats a Maserati Coupe, a Jag XKR, an SL, an M3, an NSX...

    Re: Forbes Top 10 High Resale Value Vehicles

    Quote:
    chuck said:
    I think they are very off on their forcast.

    I've been working a trade for my 05 997S Cab with a $118,000.00 sticker and all it is bringing for trade is $77,000.00 to a high of $84,000.00

    A $34,000.00 - $41,000.00 hit for a one year old car with 6100 miles is not a top re-seller to me....

    Sorry, these car are tanking and will continue to tank on resale value.
    There were 13 S Cabs sitting on 1 dealers lot yesterday.
    Porsche is flooding the market with tha 997's.
    The supply and demand advantage is gone.
    Thanks Porsche...you Suck!


    Ouch! That's a range of $5.57 to $6.72 per mile!

    For the 997, the "S" version and/or cab versions do not hold their value as well as the base coupe.

    Re: Forbes Top 10 High Resale Value Vehicles

    Quote:
    nberry said:
    Not so fast. here is an informative post on the study.

    Actually this "study" is based on a comparison of MSRP to the 36 month residual PREDICTION, which, as it states, could be high or low (no foolin'). It seems this is more of an advertisement for their forbesauto.com partner site than a scientific study. Nice to see Porsche on there, but alas I think the study is likely not very reliable (it would be better if they published past records of how precise their models were).



    Well first, let's agree that using predicted residuals assumes to know an unknown future quantity. So what? The figures may be inexact, but the leasing banks are not in the business of losing money. How about the porsche depreciation curve looking even rosier when you consider the fact that Forbes is basing the predicted residual % on MSRP! Which means that -- using their method -- because discounts are easily obtained when buying a new 997, the argument could be made that Forbes is understating residuals in this article!!!!

    If that doesn't trip your trigger, let's attack this empirically-- not with predictions, but with reality. What does a four-year-old 911, reasonably optioned, sell for these days? Jump online to Autotrader which shows over 400 model year 2002 non-Turbo 911's for sale nationwide ( I know the next comment "...flooding the market blah blah blah"..sounds like a lot of cars, but it's 8 cars per state). The average asking price is over $56K. The lowest asking price is $38K. So let's grant a plaid-sportsjacketed-dealer fudge factor of $10K per car and we are down to $46K.

    An '02 996 C2 with $10K in options sold for abt $80K.
    That's 58% retained value over 4 years. 42% depreciation over 4 years. Even if you peg the current '02 resale down at $40K you're still at 12% per year depreciation....ain't no prancing horse, but not a disappointing number. What am I missing here, counselor?

    Of course the overriding caveat remains that anyone buying a 911 with serious concerns about value retention probably has no business buying a Porsche 911 or any other frivolous $100K toy !!!!

    RS6 in Canada great resale value

    Hi all:

    I have a 2004 RS6. 2 years old and 49,000 km (30,000 miles) that was purchased new for CAD $113,000.

    Dealer is buying it back from me for CAD$80,000.

    RS6 has retained 70% of its value after 2 full years. Compare that with an E55 same year/mileage, they only retain 50%.

    I am lucky that only 75 RS6s were sold in Canada.

    996 were horrible in resale, especially my 996TT. The 997 is no different.

    Re: RS6 in Canada great resale value

    over here ,porsche has the best resale value among all brands. weird how it varies from country to another..

    Re: Forbes Top 10 High Resale Value Vehicles

    Quote:
    Damian said:
    Quote:
    nberry said:
    Not so fast. here is an informative post on the study.

    Actually this "study" is based on a comparison of MSRP to the 36 month residual PREDICTION, which, as it states, could be high or low (no foolin'). It seems this is more of an advertisement for their forbesauto.com partner site than a scientific study. Nice to see Porsche on there, but alas I think the study is likely not very reliable (it would be better if they published past records of how precise their models were).



    Well first, let's agree that using predicted residuals assumes to know an unknown future quantity. So what? The figures may be inexact, but the leasing banks are not in the business of losing money. How about the porsche depreciation curve looking even rosier when you consider the fact that Forbes is basing the predicted residual % on MSRP! Which means that -- using their method -- because discounts are easily obtained when buying a new 997, the argument could be made that Forbes is understating residuals in this article!!!!

    If that doesn't trip your trigger, let's attack this empirically-- not with predictions, but with reality. What does a four-year-old 911, reasonably optioned, sell for these days? Jump online to Autotrader which shows over 400 model year 2002 non-Turbo 911's for sale nationwide ( I know the next comment "...flooding the market blah blah blah"..sounds like a lot of cars, but it's 8 cars per state). The average asking price is over $56K. The lowest asking price is $38K. So let's grant a plaid-sportsjacketed-dealer fudge factor of $10K per car and we are down to $46K.

    An '02 996 C2 with $10K in options sold for abt $80K.
    That's 58% retained value over 4 years. 42% depreciation over 4 years. Even if you peg the current '02 resale down at $40K you're still at 12% per year depreciation....ain't no prancing horse, but not a disappointing number. What am I missing here, counselor?

    Of course the overriding caveat remains that anyone buying a 911 with serious concerns about value retention probably has no business buying a Porsche 911 or any other frivolous $100K toy !!!!



    Very true indeed. The very reason I chosse not to heavily option my cars.

     
    Edit

    Forum

    Board Subject Last post Rating Views Replies
    Porsche Sticky The moment I've been waiting for... 5/18/22 6:36 PM
    Pilot
     
     
     
     
     
    628476 1306
    Porsche Sticky OFFICIAL: New Porsche 911 Turbo S (2020) 8/6/22 1:00 AM
    W8MM
    264062 1183
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II) 10/2/22 12:14 AM
    watt
    158957 1176
    Porsche Sticky Welcome to Rennteam: Cars and Coffee... (photos) 9/30/22 10:36 AM
    Boxster Coupe GTS
    149822 418
    Porsche Sticky Porsche Taycan Turbo S - Short Review 10/5/22 2:19 PM
    Carlos from SpainM
    132520 577
    Porsche Sticky OFFICIAL: Cayman GT4 RS (2021) 1/15/22 10:41 PM
    watt
    67405 1
    Porsche Sticky OFFICIAL: Porsche 911 (992) GT3 RS - 2022 10/5/22 3:56 AM
    BONES
    3074 21
    Porsche Cayman GT4 10/5/21 7:04 PM
    Topspeed
    563108 3587
    McLaren McLaren on a winning streak 2/1/22 10:14 PM
    SSO.
    465736 3954
    Porsche OFFICIAL: 991.2 GT3 RS (2018) 11/17/21 5:18 PM
    Rossi
    429626 3256
    Porsche OFFICIAL: 911 R (2016) 2/1/22 9:49 AM
    RCA
    421266 2655
    Porsche 992 GT3 10/5/22 3:08 PM
    Wonderbar
    410914 3724
    Porsche Welcome to the new Taycan Forum! 7/30/22 11:46 AM
    Wonderbar
    176709 1446
    Porsche Donor vehicle for Singer Vehicle Design 9/30/22 6:31 PM
    Grant
    176538 774
    AMG AMG GT R 3/13/22 8:52 PM
    spudgun
    149532 834
    Lambo Aventador and SV 5/20/22 5:24 PM
    Topspeed
    145228 710
    Others Tesla 2 the new thread 10/5/22 1:57 PM
    Carlos from SpainM
    139435 1841
    Porsche GT4RS 10/4/22 10:59 PM
    M3ike
    133660 1127
    Motor Sp. [2021] Formula 1 4/19/22 10:08 PM
    Leawood911
    113033 1590
    Others Bugatti Chiron 8/30/22 4:31 PM
    Josef
    108654 525
    Ferrari Ferrari 812 Superfast 6/12/22 5:09 PM
    watt
    106136 535
    BMW M BMW M2 Rumors 2/28/22 7:42 PM
    Topspeed
    94649 409
    Porsche Red Nipples 991.2 GT3 Touring on tour 9/25/22 5:17 PM
    blueflame
    89613 498
    Lambo Urus (SUV) 6/7/22 1:20 PM
    Topspeed
    88993 593
    Porsche Dave and Gnil @ Nürburgring Nordschleife 7/4/22 10:42 PM
    DaveGordon
    87432 722
    Others Corvette C8 7/18/22 12:40 PM
    WhoopsyM
    85481 443
    Motor Sp. [2022] Formula 1 10/5/22 2:59 PM
    watt
    70968 1381
    Lambo Huracán EVO STO 7/21/22 8:37 AM
    RCA
    58093 335
    Others Toyota Yaris GR 4/13/22 8:33 PM
    Grant
    58071 640
    Ferrari Wandered to the dark side 8/29/22 9:35 AM
    BiTurbo
    28916 418
    188 items found, displaying 1 to 30.