Depreciation projection 997 TT and R8
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I read the data here in differently than you do- I think the R8 is going to be the one that depreciates more in the future.
The market for sports cars is fickle- everyone wants the latest and greatest. Due to its relatively recent introduction, low production and lack of something newer/ better the audi is still the latest and greatest. The 997TT was the latest and greatest, but it's not any more- hence the drop you saw. Obviously there will always be something newer and faster, so at some point the market switches away from latest and greatest to value. The 997TT has already largely taken that hit, while the R8 hasn't but will. I'd say the car that's already discounted will depreciate less over the next few years.
The market for sports cars is fickle- everyone wants the latest and greatest. Due to its relatively recent introduction, low production and lack of something newer/ better the audi is still the latest and greatest. The 997TT was the latest and greatest, but it's not any more- hence the drop you saw. Obviously there will always be something newer and faster, so at some point the market switches away from latest and greatest to value. The 997TT has already largely taken that hit, while the R8 hasn't but will. I'd say the car that's already discounted will depreciate less over the next few years.
If we can get a TT for 85k then I think its worth looking hard into. While R8 is selling over MSRP, its probably a better buy for at least a year until the V10 comes out.
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Imo, you're looking at two completely different 997TT's with different options, different owners, different sellers, and different usage. I'm not saying prices havent dropped, it's just hard to make this comparison.
That's like going to newport porsche and judging the value of used porsches based upon their inflated prices
That's like going to newport porsche and judging the value of used porsches based upon their inflated prices
4 months ago, a friend and I went to a Porsche dealer to look at a 997 TT with about 15000 miles. The best deal we could have gotten was $115,000. Now 4 months later, Im look at the thread "sub-100k 997TT", there are numerous TTs for less than $92-96. Thats about $20,000 drop in only 4 months! I know the market is soft for these high end cars, but ... still...
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The Porsche market does not always sink further with time. Look at the 997S for instance . Eight months ago it dropped but then as inventory cleared awaiting the 09's the used market surged upward.
The decline in the 997 Turbo will fluctuate with time and right now its very weak . A 2000+ point stock market decline doesn't exactly spice up the Porsche buying . The gasoline price surge in recent years doesn't exactly add to a car friendly sales pitch either.
Production on the 07 coupe was high enough to have plenty of used inventory .
Pricing will boil down to the scarcity of used cars with low miles . Right now they are just too plentiful . Usually there are lapse periods where either the Turbo goes out of production OR in this case inventory may clear before the facelift . These factors could spike the price .
If one owns a Turbo --this is NOT the time to sell it . Hold on to it , keep the miles low , enjoy the car .
The decline in the 997 Turbo will fluctuate with time and right now its very weak . A 2000+ point stock market decline doesn't exactly spice up the Porsche buying . The gasoline price surge in recent years doesn't exactly add to a car friendly sales pitch either.
Production on the 07 coupe was high enough to have plenty of used inventory .
Pricing will boil down to the scarcity of used cars with low miles . Right now they are just too plentiful . Usually there are lapse periods where either the Turbo goes out of production OR in this case inventory may clear before the facelift . These factors could spike the price .
If one owns a Turbo --this is NOT the time to sell it . Hold on to it , keep the miles low , enjoy the car .
I think rather if you are selling a TT , you should sell it now before it the price sinks even further. You are already seeing 92s and 96s, who knows whats going to happen when the facelift comes out.
Come on guys 85k, I ll get one
toocant afford to get a 135k R8 right now
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Anytime you buy a used car you take a chance - unless you literally personally know how the prior owner used/maintained the car. Additionally you must weigh the option issue very heavily. Are you getting the options you really want ? Why spend $90K-$100K on a high mileage stripped car when you can possibly get a low mileage example with the options you want for $20K or so more ? For example my 03 996TT was a stripped X50 6 speed that had a $138K MSRP. My 07 997TT is a loaded tip with an MSRP of $151K. My 997 was "custom" ordered whereas my 03 996 was "pre-ordered" by the dealer. My 996 didn't have ANY custom aesthetic options like lots of carbon and yellow stitching. IMHO, if you are spending over $100K on a car that you will use every day of your life for 2 to 5 years how can you not get exactly what you want ? Even if you lose $50K-$75K in depreciation so what ? In the scheme of things, considering how little in life is just for us and us alone, as opposed to our spouse and children, I think you deserve to get exactly what you want. That being said, if you only have $90K to spend, I'd still rather get the minimally optioned used TT with high miles on her than anything else out there. Also, if you save $$$ by purchasing a used TT you will have a few extra bucks to mod it the way you like.
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Anytime you buy a used car you take a chance - unless you literally personally know how the prior owner used/maintained the car. Additionally you must weigh the option issue very heavily. Are you getting the options you really want ? Why spend $90K-$100K on a high mileage stripped car when you can possibly get a low mileage example with the options you want for $20K or so more ? For example my 03 996TT was a stripped X50 6 speed that had a $138K MSRP. My 07 997TT is a loaded tip with an MSRP of $151K. My 997 was "custom" ordered whereas my 03 996 was "pre-ordered" by the dealer. My 996 didn't have ANY custom aesthetic options like lots of carbon and yellow stitching. IMHO, if you are spending over $100K on a car that you will use every day of your life for 2 to 5 years how can you not get exactly what you want ? Even if you lose $50K-$75K in depreciation so what ? In the scheme of things, considering how little in life is just for us and us alone, as opposed to our spouse and children, I think you deserve to get exactly what you want. That being said, if you only have $90K to spend, I'd still rather get the minimally optioned used TT with high miles on her than anything else out there. Also, if you save $$$ by purchasing a used TT you will have a few extra bucks to mod it the way you like.
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