Year over Year Depreciation

[kagangen]

I am going to buy a 2009 C4S or C2S within the next few mos and wanted to solicit opinions on how much people anticipate prices to drop with the changing of the calendar year. Can I expect 2-3k or more?

Thanks

Jeff

[White987S]

Private party or dealership? Your estimate seems reasonible. Many Porsches going to sleep in the coming days not to be seen again until Spring. Sellers might be more motivated now. In the new driving season, prices could go up a little as demand increases.

[gordon24]

I'm wondering if the 991 acceptance, or not, will have more of an affect on the 997 pricing? Thoughts?

[White987S]

I'm wondering if the 991 acceptance, or not, will have more of an affect on the 997 pricing? Thoughts?

Good point. Valid point, too. Here's where I see the 991 making the biggest impact on the 997 market & pricing. The 991 is very-very expensive, now. Crazy expensive. Not hard to be in the $140's with a few options. So, I think current 997 owners will stay in their cars longer, making less available in the used car market, keeping prices stronger.

[kagangen]

White 987S makes a lot of sense. Unfortunate for me, but very logical. Not sure how Porsche thinks that charging 140k is rational. 100k is ridiculous-peeps gonna go downstream to the boxster and cayman as you get 90% of the care for 60% of the price.

[gordon24]

Speed cost money, how fast do you want to go. To a point, I expect 991 buyers will rationalize incremental performance improvements as justification for pricing increase ... and don't we all just want to go faster. However, if price becomes even a moderate deterrent to new car purchases than 997 owners should benefit in either slower depreciation or even a bottoming out. My thoughts anyway.

[xxaarraa]

Porsches have always been ridiculously overpriced for what you get. I bet some of those $140k cars don't have a rear windscreen wiper or power seats. Its a boutique purchase that has little to do with actual worth or value. Kind of like a $10k handbag.

Edited November 8, 2013 by xxaarraa

[Mijostyn]

I hate comparisons between 911s and Cayman/Boxters. The 911 is a better car. Try stuffing your wife and all hers and your luggage plus two bikes for a weeks vacation in a Cayman or a Boxter or any other Super car. Read December MotorTrend. The 911 stomps the Cayman.

911s are relatively limited production cars. The cost of development and manufacture has to be amortized over fewer vehicles. This also makes them depreciate slower than other cars not to mention that there is no substitute for the 911. It is the greatest road tool of all time. If you do not want to pony up go get yourself a Miata. If you are buying a used 911 because you are cheep you are going to be in for a rude surprise when something breaks.

Jeff, forget about price. Find the car that you absolutely have to have. Love at first site. Window shop. Check out the colors and the interiors. Then wait and watch for the car that fits the bill. GET IT CERTIFIED!

[Hilux2400]

I bought my 911 at the end of 2012 when it was 9 years old and it's a car with very few extras.  It wasn't in top condition and had done just 45K miles.  However, up to 2012 it had depreciated close to £50K in 9 years or put another was: £462/month.   That pretty hefty and the rate was probably twice that in the first three years.  Now it's in better condition and worth close to what I paid for it, give or take about £2k, but it's also a 15 year old car, still a head turner and I enjoy getting into it and driving it.

 

In 1990 I bought a brand new Morgan, because I had always wanted one.  I think it was the worse car I have ever owned, but if I had not bought it I would still want one.   So don't worry too much about depreciation.  Buy it, and enjoy it while you can, and you'll always live with the great memories of driving a truly spectacular vehicle.