Depreciation Rate for 991
Sounds like a car I was looking at back then and missed out on. The one I was interested in was in Nashville.
Does yours have the carbon interior trim and Sport Technos? How many miles were on it?
Have pics? Great optioned car.
Does yours have the carbon interior trim and Sport Technos? How many miles were on it?
Have pics? Great optioned car.
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Joined: Dec 2015
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From: Long Island NY
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Hmm....1st year is a bigger drop than many seem to think
Just bought a "new" (less than 500 miles), 2014S, warranty start 10/14, CPO included....list price $124k, paid $92k, that's a 26% drop and never left the dealer before taking the hit.
Just bought a "new" (less than 500 miles), 2014S, warranty start 10/14, CPO included....list price $124k, paid $92k, that's a 26% drop and never left the dealer before taking the hit.
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Joined: Jun 2014
Posts: 59
From: PA
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Regardless of when the car first left the dealer's lot, on a model year basis, which is what counts for resale value, this is already a two-year old car. 2016's are available. If it is sold or traded-in in a few years, the model year, 2014, will determine its residual value, not when it first was sold.
If a 2016 had just been driven off the lot, a would lose much less of its initial cost, which probably be 95% or less of MSRP.
Figuring a probable selling price for a 2014, when it was the current model year, of 95% of MSRP, the loss for two years is only 21%, or approximately 10% per year. This is a reasonable estimate for the cost of purchasing and owning a new 991.
If a 2016 had just been driven off the lot, a would lose much less of its initial cost, which probably be 95% or less of MSRP.
Figuring a probable selling price for a 2014, when it was the current model year, of 95% of MSRP, the loss for two years is only 21%, or approximately 10% per year. This is a reasonable estimate for the cost of purchasing and owning a new 991.
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Joined: Jul 2003
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From: SF Peninsula and N Lake Tahoe
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Here's the deal.
For example on a C2S
The sweet spot for a little less depreciation is in the 115-125K build range.
Once you start getting past 135K you're losing more and more off the top line. Add crazy leather, ceramics, Burmeister, and hit 140K plus on a C2S you're losing a lot more on that extra 15-20K in options over the 120K build.
Make sense? After 135K or so on a C2S you're losing almost all the money on those options.
Come resale, you'll be competing against all those 115-125K builds options or no options. Prospective buyers will lump that high optioned car in with those lower ones.
For example on a C2S
The sweet spot for a little less depreciation is in the 115-125K build range.
Once you start getting past 135K you're losing more and more off the top line. Add crazy leather, ceramics, Burmeister, and hit 140K plus on a C2S you're losing a lot more on that extra 15-20K in options over the 120K build.
Make sense? After 135K or so on a C2S you're losing almost all the money on those options.
Come resale, you'll be competing against all those 115-125K builds options or no options. Prospective buyers will lump that high optioned car in with those lower ones.
the ideal buyer in a pvt sale is the one who pronounces " Porsche " as a one syllable word !
Last edited by MKW; Dec 24, 2015 at 01:08 PM.
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