Rennteam 2.0 - EN - Forum - Re: New or Second Hand? - Page1

Oct 26, 2002 10:21:07 PM

Futch: Rennteam Moderator; Loc: EU , United Kingdom; Posts: 4759, Gallery; Registered on: May 14, 2002

New or Second Hand?

Dear all,
I may sell my car in a few months.
It's a shame but I don't use it much anymore since I live in the UK now, not sure yet, though...
Here's my question:
I bought my car new, costed a lot bc of the options.
When I looked at how much I could sell it for, I was gutted

It has lost so much value in less than a year.
And people take in account the price of the car optionless, doesn't matter if you spent a fortune on options (which I did).
My car has lost probably around 25%.
My next car could well be a low milage second hand.
What do you guys think?
I know, I know, it is great to have a completely new car, I've been there myself; Boxster S and C4C but you lose SO MUCH at the resell, is it worth considering second hand?
Thanks for your views on the matter.
Take care,
Fanch.

Next
Threads

Oct 26, 2002 11:47:50 PM

FixedWing: Veteran; Loc:; Posts: 870, Gallery; Registered on: May 25, 2002; Reply to: Futch

Re: New or Second Hand?

The only mistake would be insisting on low mileage. Truth is today that people overestimate the importance of this. Cars last much longer than before.

I would certainly go for used provided you could get what you wanted in the used market.

I bought new because I had to to get what I wanted and for various other reasons. But I frankly hate having to deal with all of the warranty b.s. and all of the limitations that means. I would rather have a free hand to do as I wished.

S.

Next
Threads

Nov 13, 2002 5:24:54 PM

fusion996: Newbie; Loc: Southern California; Posts: 1, Gallery; Registered on: Nov 13, 2002; Reply to: Futch

Re: New or Second Hand?

Hello Gang,
I'm a new member here and I'm looking to pick up a '99 996 C2 coupe. This may get long, but can anyone tell me of any horror stories with their car? I've read all I can and haven't heard of anything too dramatic. Few engine replacements here and there done under warranty. Thanks in advance.

Next
Threads

Nov 13, 2002 8:02:50 PM

spider: Newbie; Loc:; Posts: 35, Gallery; Registered on: Apr 10, 2002; Reply to: Futch

tough question...

considering that you have a relatively new car that you are thinking of selling.

1) Do you want another Porsche?

2) What is the purpose of the car (basic transportation, fun, etc?)

3) Do you want to free up some cash, or is this less important to you than having a fine car?

If you want another Porsche, then I would say keep the one you have, as you will sell at wholesale and pay retail to get another. You have a nearly new car with a full warranty. That is worth something.

If you don't care to have another Porsche, or another fine car, then you likely would be best off selling your car and purchasing cheap transportation. A new Civic or a Nissan pickup will get you where you need to go, of course in less elegance and without the fun. A used version will still get you there, but without the warranty and with even less elegance.

There is a time for all things. This may not be the time for a Porsche for you, however, you can always get another one when the time is proper.

Whatever you decide, focus on what is most important in your life. These cars are really quite meaningless in the overall scheme of things.

//// :) \\\\ spider

Next
Threads

Nov 13, 2002 9:32:36 PM

RC: Rennteam Administrator; Loc: Rennteam HQ , Germany; Posts: 59598, Gallery; Registered on: Mar 26, 2002; Reply to: fusion996

Re: New or Second Hand?

Personally, I wouldn't touch a 996 before MY 2000.

Next
Threads

Nov 14, 2002 8:30:01 AM

Futch: Rennteam Moderator; Loc: EU , United Kingdom; Posts: 4759, Gallery; Registered on: May 14, 2002; Reply to: spider

Thanks

Hi Spider,
Thanks for your advices.
You are right, you buy a Porsche for fun and not much else,
different kids have different toys

But, back to me, I am seriously thinking about selling the car for the same reasons as Christian, I hardly use it now that I am in the UK and the car in France.
But you're right, warranty's still active, the car not even a year old, and most of all, I love it

But I can't help thinking, that the car seats in a garage while I pay huge insurance and I could invest the money instead.
Don't know if I would get another car to be honest but if I did, it would be different, maybe a Porsche (GT3, Turbo, C4S X45 30mm) maybe a Ferrari 360, honestly, don't know, so many beauties out there

I have a potential buyer right now, so I'll have to make a decision quite quickly.
Truth is, it's nice to have a beautiful C4C in the garage that waits for you when you come back to Paris on Week ends, arrggghhh, see? I can't make up my mind

Christian? Have you made a decision for your turbo?
Are you gonna sell it?
Cheers for reading the boring details of my life, I realize this is off topic from the Driving experience in general but all advice help.
Fanch.

Next
Threads

Nov 14, 2002 10:25:33 AM

RC: Rennteam Administrator; Loc: Rennteam HQ , Germany; Posts: 59598, Gallery; Registered on: Mar 26, 2002; Reply to: Futch

Keeping my Turbo

I decided to keep my Turbo after talking to my dealer, my Mercedes dealer and my wife.

As you know, I don't have much time to drive my Turbo.
So I actually wanted to free a place in the garage and save some money too (insurance, etc.).
Trying to get a Cayenne Turbo and giving my 996 Turbo to my dealer somehow failed. My dealer wanted me to sign a contract for a Cayenne Turbo but he didn't want to take my 996 Turbo in but make me sell it. I actually got the impression that my car isn't worth more than around 100000 EUR. Absolutely unacceptable.

So I decided to go for the second solution, getting rid of my wife's SLK 230 and getting rid of my 996 Turbo and buying a car together, a SL55 AMG. My Mercedes dealer proved to be very "generous" (compared to my Porsche dealer), he wanted to take my Turbo in for around 110000 EUR if I order a new SL55 AMG.

Finally, me and my wife decided that I keep my 996 Turbo because of the following reasons:

my 996 Turbo costed me way more than 110000 EUR (who knows my car personally knows what I'm talking about)
my wife doesn't like the SL55 AMG that much and I don't either
the 996 Turbo is so much fun and I'll regret selling it sooner or later

So we found the perfect solution for us:
We keep the ML55 as a family car and we hope that Mercedes comes up with the rumored 460-480 HP new ML55 around 2004.
I keep my 996 Turbo and enjoy it as often as I can, trying to drive it more often in spring and summer next year.
My wife gets a SLK 32 AMG which will also be my daily driver when she needs the ML 55 because of my little one.

So my advice would be: if you really really think that you don't like your 996 C4 Cab anymore, sell it and get something else instead. But get something "immortal" like a Ferrari, Lamborghini or even a Porsche GT3, Turbo, etc.

Francois, I was the same when I was young and buying a new car always made me very very happy. But once or twice I actually sold a car which I'd have loved to keep. I sold it only for something "new" which I later regretted.

Any my last advice to people out there who think about resale value: forget about it. If you're lucky, there is high demand and people have a lot of money in their pockets.
If you're not lucky, there is lack of interest and of money. Don't ever think about resale value if you buy such an expensive car...I'm happy I didn't because I'd be very very disappointed right now.

Next
Threads

Nov 14, 2002 12:13:06 PM

Futch: Rennteam Moderator; Loc: EU , United Kingdom; Posts: 4759, Gallery; Registered on: May 14, 2002; Reply to: RC

Re: Keeping my Turbo

Yes,
You are right Christian, if one is really concerned about resale value then buy second hand.
Buying new is more of a passionate move, you just KNOW your car will depreciate

If I can get a cheaper insurance, I may keep the C4C, it is a great car, and I'm thankful for it.

it is also only 9 months old now so I assume its resale value won't fluctuate too much within the next half year or so.
Otherwise you might well see me arriving for the first Rennteam meeting on a Bicycle

A porsche one though please

Fanch.

Next
Threads

Nov 17, 2002 10:20:47 PM

JayT: Newbie; Loc: SC, USA; Posts: 44, Gallery; Registered on: Sep 13, 2002; Reply to: RC

Re: Keeping my Turbo

RC, an excelent response. I have agonized through a similar situation and your comments did bring back memories of cars that were traded for the latest and then regreted.

Next
Threads

Nov 22, 2002 3:29:02 PM

Ohmar: Newbie; Loc: Switzerland & M-E; Posts: 4, Gallery; Registered on: Nov 22, 2002; Reply to: JayT

Re: Keeping my Turbo

Another response, maybe from another world for you.

Since generations, we have always kept our best cars for our kids; you invest for the future and you can come back to your nostalgy from time to time, teach your kid how to drive the 911turbo you used to drive 10 years ago, a lot safer that way, lots of pragmatic advices to give them.

To Fanch: better investing in... a larger garage if you can.

Next
Threads

Nov 22, 2002 3:43:14 PM

Futch: Rennteam Moderator; Loc: EU , United Kingdom; Posts: 4759, Gallery; Registered on: May 14, 2002; Reply to: Ohmar

Re: Keeping my Turbo

Yep way to go man,
Give me a few more years and hopefully, I won't have to worry about which car I want but what color I want the next one to be in

Welcome to the board Ohmar,
Fanch.

Next
Threads

Nov 22, 2002 4:05:54 PM

Ohmar: Newbie; Loc: Switzerland & M-E; Posts: 4, Gallery; Registered on: Nov 22, 2002; Reply to: Futch

Re: Keeping my Turbo

Exactly, way to go to. Remembers me of my dad duplicating the car orders to avoid fights with my bro, each having a different car colour at the end (but still fighting)...
And now, almost every year, we're battling on which colour we should keep or donate, shameful

Next
Threads

Nov 22, 2002 4:23:40 PM

Futch: Rennteam Moderator; Loc: EU , United Kingdom; Posts: 4759, Gallery; Registered on: May 14, 2002; Reply to: Ohmar

Well, I'll tell you what...

Why don't you pick the ones you don't want and donate them to me!

Fanch.
Whereabouts are you in the ME?
I have friends in Dubai.

Next
Threads

Nov 22, 2002 4:39:49 PM

Ohmar: Newbie; Loc: Switzerland & M-E; Posts: 4, Gallery; Registered on: Nov 22, 2002; Reply to: Futch

Re: Well, I'll tell you what...

Fanch,
We have interests in Dubai but live near Riyad and Geneva.

On the donation side it is a complicated process left to lawyers through foundation schemes that directly benefit the most in need. Are you one of those ?

I can see you expect a new Merc. That's good, we have a 500 here with some changes, a friend received the 600 some time ago, nice behaviour. Unfortunately they mostly remain in the safe hands of our drivers so I am not too tempted in a S55 for ex.

Top
Threads

Board	Subject	Last post	Views	Replies
Porsche	SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II)	5/14/24 3:43 AM rhino	802598	1804
Porsche	Welcome to Rennteam: Cars and Coffee... (photos)	4/7/24 11:48 AM Boxster Coupe GTS	448370	565
Porsche	OFFICIAL: Porsche 911 (992) GT3 RS - 2022	3/12/24 8:28 AM DJM48	265914	323
Porsche	The new Macan: the first all-electric SUV from Porsche	1/30/24 9:18 AM RC	89914	45
Porsche	OFFICIAL: Taycan 2024 Facelift	3/15/24 1:23 PM CGX car nut	6391	50
Porsche	The moment I've been waiting for...	2/1/24 7:01 PM Pilot	885321	1364
Porsche	992 GT3	7/23/23 7:01 PM Grant	832055	3868
Porsche	GT4RS	4/21/24 11:50 AM mcdelaug	399081	1454
Porsche	Welcome to the new Taycan Forum!	2/10/24 4:43 PM nberry	395398	1526
Others	Tesla 2 the new thread	12/13/23 2:48 PM CGX car nut	381905	2401
Porsche	Donor vehicle for Singer Vehicle Design	7/3/23 12:30 PM Porker	370649	797
Porsche	Red Nipples 991.2 GT3 Touring on tour	5/12/24 6:23 PM blueflame	293292	669
Porsche	Collected my 997 GTS today	10/19/23 7:06 PM CGX car nut	265098	812
Lambo	Huracán EVO STO	7/30/23 6:59 PM mcdelaug	243777	346
Lotus	Lotus Emira	6/25/23 2:53 PM Enmanuel	238457	101
Others	Corvette C8	10/16/23 3:24 PM Enmanuel	222093	488
Others	Gordon Murray - T.50	11/22/23 10:27 AM mcdelaug	172934	387
Porsche	Back to basics - 996 GT3 RS	6/11/23 5:13 PM CGX car nut	144806	144
BMW M	2024 BMW M3 CS Official Now	12/29/23 9:04 AM RC	120919	303
Motor Sp.	2023 Formula One	12/19/23 5:38 AM Whoopsy	111287	685
Porsche	2022 992 Safari Model	3/7/24 4:22 PM Whoopsy	85452	239
AMG	Mercedes-Benz W124 500E aka Porsche typ 2758	2/23/24 10:03 PM blueflame	75671	297
Porsche	992 GT3 RS	3/3/24 7:22 PM Whoopsy	54705	314
Motor Sp.	Porsche 963	5/13/24 3:18 PM Grant	26156	246
Ferrari	Ferrari 296 GTB (830PS, Hybrid V6)	1/21/24 4:29 PM GT-Boy	21630	103
BMW M	2022 BMW M5 CS	4/8/24 1:43 PM Ferdie	20048	140
AMG	G63 sold out	9/15/23 7:38 PM Nico997	16990	120
AMG	[2022] Mercedes-AMG SL	4/23/24 1:24 PM RC	14211	225
Motor Sp.	24-Hour race Nürburgring 2018	5/25/23 10:42 PM Grant	11432	55
Porsche	Porsche Mission X Hypercar	12/3/23 8:52 AM 996FourEss	11184	63

Crown

Forum - Thread

New or Second Hand?

Re: New or Second Hand?

Re: New or Second Hand?

tough question...

Re: New or Second Hand?

Thanks

Keeping my Turbo

Re: Keeping my Turbo

Re: Keeping my Turbo

Re: Keeping my Turbo

Re: Keeping my Turbo

Re: Keeping my Turbo

Well, I'll tell you what...

Re: Well, I'll tell you what...

Forum

Boards