Why are resale values on CT's so crappy? Can I expect to lose 20k in the first year?
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I'm seeing loaded '04 CT's with 5k miles sell for the mid to high 70's. Why is resale value so bad?
2 reasons:
1. Supply Exceeds Demand
2. The market does not feel that the CT is worth Porsche's tall price.
Unless you are horribly against a used vehicle, i STRONGLY suggest getting the CT preowned.
1. Supply Exceeds Demand
2. The market does not feel that the CT is worth Porsche's tall price.
Unless you are horribly against a used vehicle, i STRONGLY suggest getting the CT preowned.
Anyone noticed that all resale values seem to be bad right now. Maybe its the economy, I dont know but Ive been noticing that recently.
no way...the economy is great!
1. The stock market is up more than it has been in the past 4 years.
2. The real estate market is at an all time high
3. Raw materials prices are up in nearly every industry - this is a sign of increased movement of goods
1. The stock market is up more than it has been in the past 4 years.
2. The real estate market is at an all time high
3. Raw materials prices are up in nearly every industry - this is a sign of increased movement of goods
Your experience is not specific to PCars. Buy a MB or Volvo or Lexus, drive it 5K and try to sell it...............You will find that their resale is just as soft as the CS or CT. Automobiles are a depreciating asset and for that reason take a major hit immediately. Keep it three or four years and the depreciation is spread over a longer period which makes it seems less of a hit.
Drive something that is in very high demand like a Toyota Hybrid or the new Lexus RX400 Hybrid ($10K over MSRP and they are not even on the market yet) and you might miss the initial depreciation hit if you buy right.
Drive something that is in very high demand like a Toyota Hybrid or the new Lexus RX400 Hybrid ($10K over MSRP and they are not even on the market yet) and you might miss the initial depreciation hit if you buy right.