Sad but true, Porsche is actually one of the brands that depreciate the least, but it's not getting better due to the fact they're producing more and more.
I just sold my 996 C4 Cab for a bit more than 50% of its value new!
But hey, I always knew depreciation was gonna be a bitch.
Truth is, it was a very nicely equipped car and it's actually the mileage of car that made it hard for me to sell.
And dig that, it only had 45000 km in three years! That's 15000 km a year (about 10000 miles a year or a bit less) which is the average for a car in Europe.
What are people on about!!!
Then I check the ads myseld and realise to my great sadness that most 02 996 like mine, had between 10000 and 20000 km.
Garage queens... Porsche are made to be driven, the more you drive them, the better it gets!
So there you go, plenty of 996s around for sale but mine, supposedly high mileage (rubbish!), low resale value.
Like MikeS wrote, cars are not an investement, except rare limited edition exotics or brand new models with a long waiting list.
But in general, any sensible person knows that is makes 110% sense to byu a car second hand, but here's the catch, for guys like us, we don't buy cars with our brain, we buy it with our hearts, otherwise, we'd all be driving Toyota Prius or VW Jetta Diesel (awesome cars to get from A to B BTW) and when you buy with the heart, well, reason is the last thing on your mind.
If you want low depreciation, chose Ferrari, actually, it's an interesting case, it's not low depreciation, it's slow downed depreciation due to the low production numbers, F430 now is a great investment, but look at 5 years old 360s, they sell for about 50% of their value now (in Europe at least) and let's not talk about V12 models! Ouch!
The downside on new models is that if you order one now, you'll be likely to wait at least 24 months.
With every new car, the moment you turn the igintion for the 1st time, you lose min 20% of the car's value, Porsche included.
i lost 30% of the car's value in 1 year
