Depreciation estimate for 991
#1
Depreciation estimate for 991
I have a 2013 991 C4S with PDK, PSE, Sport Chrono, PDCC as the big options. MSRP 131K, paid 115K. Had it almost a year now. Looking at edmunds, their TCO estimates about 48K depreciation over 4 YRS. Any thoughts on what I would get if selling now vs what it will be worth after 48mos ownership. Based on Edmunds stats, I'm thinking it will be worth 67K at end of 4 years?
I'm considering ordering 2015 M5. Was gonna get rid of 991 but I figured if above depreciation numbers are true, may not be too expensive to keep another 3 yrs as a second car? Besides, 991 and M5 I think would complement each other nicely.
I'm considering ordering 2015 M5. Was gonna get rid of 991 but I figured if above depreciation numbers are true, may not be too expensive to keep another 3 yrs as a second car? Besides, 991 and M5 I think would complement each other nicely.
#5
I have a 2013 991 C4S with PDK, PSE, Sport Chrono, PDCC as the big options. MSRP 131K, paid 115K. Had it almost a year now. Looking at edmunds, their TCO estimates about 48K depreciation over 4 YRS. Any thoughts on what I would get if selling now vs what it will be worth after 48mos ownership. Based on Edmunds stats, I'm thinking it will be worth 67K at end of 4 years?
I'm considering ordering 2015 M5. Was gonna get rid of 991 but I figured if above depreciation numbers are true, may not be too expensive to keep another 3 yrs as a second car? Besides, 991 and M5 I think would complement each other nicely.
I'm considering ordering 2015 M5. Was gonna get rid of 991 but I figured if above depreciation numbers are true, may not be too expensive to keep another 3 yrs as a second car? Besides, 991 and M5 I think would complement each other nicely.
A buddy of mine just purchased a 2001 996 C2S for $20K - agreed the car only has 30K miles on it and still rides like a dream ...I believe the original MSRP was lot less than yours....you will get a lot out of the resale if you hold on to it for longer ...and like you said it will complement your M5 nicely
I would say hold on to it and sell it when you are really "ready" to move on...if of course $ is not a factor
#6
That car is worth about 85K right now, I'd guess. You take the biggest hit the first year, and another big hit the second year. You could probably keep it for another two years and still get 80 for it then. I think the car would be worth more than 67K at the end of two years. I don't know of this TCO Edmunds estimate that you speak of - but isn't off of MSRP rather than what you paid for it?
You might want to rethink that M5 purchase. It seems that I've read posts from of a lot of disappointed F10 M5 owners. You need to have the right expectations of it.
I've driven the M5; it's a fabulous car, but it's really heavy, feels heavy, acts heavy. It goes like stink, but the ride isn't all that good and did I mention that it's heavy? The depreciation will be staggering as well.
You might want to rethink that M5 purchase. It seems that I've read posts from of a lot of disappointed F10 M5 owners. You need to have the right expectations of it.
I've driven the M5; it's a fabulous car, but it's really heavy, feels heavy, acts heavy. It goes like stink, but the ride isn't all that good and did I mention that it's heavy? The depreciation will be staggering as well.
#7
Since you're taking the biggest part of your depreciation hit in the first 2 years, why not keep it? If it's a second car your TCO may also be slightly lower.
Most German and European manufactures hold firm with their model lines for ~5 years with minor cosmetic changes (if any).
This ".2" nonsense that Porsche now engages in is a joke, as it only serves to depreciate the current model even quicker. In a mere 3.5 years a refresh is upon us, only to then have a complete design 2 years later.
My biggest regret was NOT holding onto my 993 C4S which was much better value for money (and fully depreciated) than this marketing nonsense that they're peddling today.
As far as their much anticipated 991.2..they can keep it.
Most German and European manufactures hold firm with their model lines for ~5 years with minor cosmetic changes (if any).
This ".2" nonsense that Porsche now engages in is a joke, as it only serves to depreciate the current model even quicker. In a mere 3.5 years a refresh is upon us, only to then have a complete design 2 years later.
My biggest regret was NOT holding onto my 993 C4S which was much better value for money (and fully depreciated) than this marketing nonsense that they're peddling today.
As far as their much anticipated 991.2..they can keep it.
Last edited by dux; 06-23-2014 at 09:27 AM. Reason: typo
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#8
I would say you will get between $90-100k if you sold it privately.
Off lease 2013 C4S models will hit the market in the fall with a residual value of around $85-90k. Obviously lease residuals don't determine the market, but but in PFS case they are a good indicator.
Off lease 2013 C4S models will hit the market in the fall with a residual value of around $85-90k. Obviously lease residuals don't determine the market, but but in PFS case they are a good indicator.
Last edited by stealth.pilot; 06-23-2014 at 08:51 AM.
#11
You and me both, brother.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
#12
You and me both, brother.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
there's a reason financial planners have forever called car enthusiasm " pissing in the wind "
Last edited by MKW; 06-23-2014 at 01:24 PM.
#14
You and me both, brother.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
#15
You and me both, brother.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.
Although, the money would have been better spent in AAPL stock, if you are looking hindsight at investments.
Hmmmm... I sold my 993 in 2001 for around $38,000. If I had taken that and bought apple, it would be worth, today, around $685,000.
Sometimes hindsight really sucks.