Hello everyone. I thought it was time I introduced myself. I have been a longtime looker and this will be my first time posting. Over the many months I have gained a lot of great information from all of you knowledgeable 997 owners and I want to thank you for that. Well, now I am getting close to purchasing a my first Porsche, a 997S and I need some input. I know the 09s have been deeply discounted in some instances as much as 20% and more from what I read. Getting a new one would be a stretch for me though. Ideally I would like to get a used 09 when the prices start to come down. And that leeds me to my question. Do you guys think in the coming months that the used 09s will depreciate off the 20% discount? It seems the 07-08 997S have increased in price recently. One would think that the 07-08 997S would go down in price as the 09s are being deeply discounted. But that is not the case. I would appreciate any thoughts on this.

 

With factory production/dealer allocations lower for '10, I think Porsche is trying to firm up pricing by limiting supply. The '09 incentives are set to expire the end of this month. Really depends on how much '09 inventory is still around after that --- as to depreciation on used '09's.

 

I bought my 2007 car in the spring. I looked at left over inventory on dealer lots but ended up w/ a low mile CPO car which was a better deal. I agree with phlevin above on Porsche limiting inventory to firm up pricing. I'd say if you can get a deal for 20% you should do it now and not look back. 20% off is a fantastic deal, probably won't be seen again. I don't think it's worth it to not have a 911 for 2 months while you wait for prices will soften further.

 

I got 29% off original MSRP on a 2009 911 S PDK, with 7,000 miles (untitled dealer car), on July 30.

Out of the 29% I saved, I'd hazard that 17% was the "too much supply, 2009 models are stale, the economy sucks" discount and I saved the other 12% because the car had 7000 miles and 9 months already on the warranty.

I agree 20% off a new 997.2 is a great deal, and it's not like 2010 cars will be any different... if I hadn't found the used 2009 997.2, I'd still def. be buying a new 2009 vs a 2010 or a used 2008!

 

Bingo .

The the OP - I have never seen the discounts of recent times ever before . I can not imagine these high discounts on Porsches and if you miss the opportunity .. it's gone.

The problem I have with an 09 that has low miles is that the first thought which comes to mind is "why did somene sell it" . After all .. it's new and most people think about the purchase .

I have in the past traded in cars that were brand new but finding a reliable newish car as a used shopper adds another challenge for you.You will have to be meticulous in the inspections and if you have any doubts you'd have to be willing to walk . That's not always easy to do when you love the car and the price is beter .

 

Thanks everyone for your comments.

 

Most deliberate people, that is. There are plenty of guys who are in and out of hi-line cars on a regular basis. They take a beating on the resale value (esp in this market), but they can afford not to care.

The Porsche is a relatively reliable car. The chances of getting real lemon are small. Contrast, I was talking with a guy who had an Aston Vantage and he sold it because it had so many problems (and he took a beating as well).