Jack_981

I was afraid the new 718 GTS4.0 would drop our 981 prices considerably but so far I feel it has been steady. agree our generation still has solid value.

absoluteczech

It's mainly what's going on globally. People cant go out and eat, travel, etc. Sitting on spare cash, so they are buying up cars now with that extra $ or looking for something they can go do and enjoy like going for a 'drive'. Once the world goes back to normal and the used market cools down I expect prices will go back to normal again. Our cars are too common and too new to be appreciating already. It's no different than trying to find gym equipment, or outdoor gears like mountain bikes, etc. right now. I wouldn't get your hopes up that our cars will continue to appreciate.

burgerdog

Paid $45k for my 14 CS with 21k miles. Bought it 02/20 -- $87.5k build. It took a long time to find one with the options that I wanted but it was so incredibly worth it.

Live Steam

Driven by covid. Every used bucket of any stripe is higher in price because inventory has been decimated.

tonie90

Purchased a 14 Cayman S in August of 19. Paid 52K with 6.6K miles on it. CPO car that the dealer just got from the first owner, thing was mint. Some (what I imagine older gentleman) did not drive it at all over 5 years. Was 86K new: Sport Chrono, sport steering wheel, PDK, illuminated door sills, crest in the headrest, 20in wheels. I'm missing stuff but you get the idea. I almost pulled the trigger on others more expensive, and just when I was resigned to stop looking I found it.

I think it was luck/a good deal. Very happy with it.

Mark Dreyer

I had no idea of the values of these cars when I picked up my $100k original MSRP 2014 CS for only $35k a year ago. I was looking for a dual track/street car, and this one was available in the local community from a fellow track guy who apparently didn’t try to sell it actively. A mutual friend told me he may want to sell it. As it turns out, while I got a great deal, it looks like my total price will be closer to true value, since I $ shifted it at the last track event, going from 5 to 2 instead of 5 to 4 at Sebring raceway. Fortunately “relatively” minor damage was done, but probably a few thousand $’s extra added to my purchase price. I should get it back in next week or so according to the mechanic. I absolutely love this car and don’t care about values. I now feel like I stole it price wise, so some of my future track expenses are paid for. Oh, and part of what drove the original price so high was the Burmeister stereo, the clincher for me in terms of perfect track setup. LOL

Mark Dreyer

And BTW, it had under 30K miles on the odometer.

alvitdk

I guess it doesn't matter really unless you are in to sell it, or get into an accident and is totaled. However, it is interesting to see how they keep their value. I bought my 2014 base three years ago at $38k with 27k miles on it. It hasn't much depreciated ever since, and CarMax still offers the same year for around $35k.

Tommy L Garage

I love my 2015 manual CS but having regrets about a black car... ugh ... and a non gt4 ... more ugh lol

maybe I’ll let it go end of the season

ElCid86

Some of that drop can be contributed to bore scoring and IMS scare.

ElCid86

Well done. I should have kept bidding! You got a nice whip!!

Sub

I've been researching Porsches HARD since October. I've seen multiple data sources to indicate that prices on Porsches in general (especially 991's) are rising. You can take the same car from 1.5yrs ago and see a $5-10K appreciation on 981's and a $10-20K appreciation on 991's. Other cars in the lineup appear to be less so, but I am not really looking at them. Mileage is the largest driver for higher cost Porsches when comparing across similar model years. So, what's creating this perfect storm?

• Covid is applying a premium to all pleasure toys. Employed people have spare cash burning holes in their pockets, they are emotionally strained and want fun back in their lives, they've done well on the stock market, and inflation is coming, so get that cash into assets which don't depreciate too much and are free to enjoy covid safe.
• 991 stop sale on Chrono cars means a tiny inventory and a total and complete sellers market.
• Guys (like me) who cross shopped the base Carrera against the Boxster S and Cayman S either couldn't rationalize the premiums or couldn't afford them. IMO beyond the rear seat and 911 prowess, there is little benefit to a 911 base over a Boxster S these days. For a budget conscious individual, it is very hard to rationalize a $20k+ premium for such a small benefit.
• 718 cars are not well received (Who wants a 4 banger turbo for 90K?)
• 987 cars have issues and are too old now
• Seasonal adjustments and spring fever always happen this time of year

The 981S is the sweet spot for all of the above, and why I just bought one. Ridiculously high prices have not really hit them yet, and its represents a perfect symmetry between value, cost and capability. But the thing to remember is that this is temporary. Stretch a little on your purchase because prices are not going down any time soon, but the bubble will burst. The excess inventory at dealers will be released, covid will subside and people will have less disposable income as they start to travel, eat out.. I'd guess we will start to see leveling within a year, and maybe back to normal depreciation curves in 2-3 years. Its a terrible time to buy a 911 and a great time to buy a 981!

ElCid86

Great perspective @Sub These are some of the things I'm telling my wife (now I have a few more bullet points!). Now I just need to find the right time to tell her I put $500 hold on a Cayman and have a PPI scheduled for Thursday...

Sub

lol! Congrats. Don't lie to the wife. Its a bad policy in general.

absoluteczech

I did a carvana estimate and their "offer" was $500 shy of what I paid for it at a dealer last year. I remember when I was doing it last year their offer for my car was about 2k less than I had paid.