Short term ownership depreciation?
#1
Short term ownership depreciation?
I am considering buying (or trying to find, anyway) a GT3. This car has captured my imagination like none other. I am tired of turbocharged soullessness and crave that 9000RPM redline. I keep trying to convince myself I will be happy with a 991 c2s but I know it's a losing battle, so what the hell. I want the GT3.
I would not be keeping the car long-term. Realistically, how much would it cost me to drive it for a year? I am thinking that the depreciation may be less than expected given the scarcity of allocations into the foreseeable future. If it costs me $20,000 for first year ownership that's one thing; if it's $50,000 it would put a damper on my enthusiasm. It seems that the 997 cars have extremely low depreciation but that may be because they are last of a breed with manual, so I am not sure if I can expect the 991's to hold similar value.
I would be tracking the car, if that matters, and it would not be my DD so I can keep mileage fairly now. Thanks.
I would not be keeping the car long-term. Realistically, how much would it cost me to drive it for a year? I am thinking that the depreciation may be less than expected given the scarcity of allocations into the foreseeable future. If it costs me $20,000 for first year ownership that's one thing; if it's $50,000 it would put a damper on my enthusiasm. It seems that the 997 cars have extremely low depreciation but that may be because they are last of a breed with manual, so I am not sure if I can expect the 991's to hold similar value.
I would be tracking the car, if that matters, and it would not be my DD so I can keep mileage fairly now. Thanks.
#2
Rennlist Member
I would consider 10-15% for the first year as high. The car is in demand and when you add 5 year or 100,000 factory warranty I doubt you will see significant depreciation. Of course much would depend on the condition of the car.
#3
2014-significant more than 20%
2015 and up-not at 997.2 Gt3 and RS levels but if the next gen is turbocharged than it will be decent also.
2015 and up-not at 997.2 Gt3 and RS levels but if the next gen is turbocharged than it will be decent also.
#4
I am considering buying (or trying to find, anyway) a GT3. This car has captured my imagination like none other. I am tired of turbocharged soullessness and crave that 9000RPM redline. I keep trying to convince myself I will be happy with a 991 c2s but I know it's a losing battle, so what the hell. I want the GT3.
I would not be keeping the car long-term. Realistically, how much would it cost me to drive it for a year? I am thinking that the depreciation may be less than expected given the scarcity of allocations into the foreseeable future. If it costs me $20,000 for first year ownership that's one thing; if it's $50,000 it would put a damper on my enthusiasm. It seems that the 997 cars have extremely low depreciation but that may be because they are last of a breed with manual, so I am not sure if I can expect the 991's to hold similar value.
I would be tracking the car, if that matters, and it would not be my DD so I can keep mileage fairly now. Thanks.
I would not be keeping the car long-term. Realistically, how much would it cost me to drive it for a year? I am thinking that the depreciation may be less than expected given the scarcity of allocations into the foreseeable future. If it costs me $20,000 for first year ownership that's one thing; if it's $50,000 it would put a damper on my enthusiasm. It seems that the 997 cars have extremely low depreciation but that may be because they are last of a breed with manual, so I am not sure if I can expect the 991's to hold similar value.
I would be tracking the car, if that matters, and it would not be my DD so I can keep mileage fairly now. Thanks.
#6
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#9
Supply and demand, that simple.
The potential owners buying used generally don't have the emotional scars of waiting for this car and going through the trials and tribulations for its arrival. When you approach the car objectively w/o all this emotional baggage, realize that the 14 has a factory new engine and extended warranty, I would predict flipping the 991 GT3 to be no different than flipping the 997 GT3 in the first year.
I did that and lost very little.
But for some here, those living the horror, objectivity isn't going to happen
The potential owners buying used generally don't have the emotional scars of waiting for this car and going through the trials and tribulations for its arrival. When you approach the car objectively w/o all this emotional baggage, realize that the 14 has a factory new engine and extended warranty, I would predict flipping the 991 GT3 to be no different than flipping the 997 GT3 in the first year.
I did that and lost very little.
But for some here, those living the horror, objectivity isn't going to happen
#10
Burning Brakes
20k is probably realistic if selling back to a dealer. If you retail it yourself I'm sure that you will do much better. It will definitely hold it's value much better than a comparably priced C2S or C4S.
#11
Race Director
This brings us back to the whole leasing idea... If you plan on tracking your car extensively, a lease is genius. At approx $2300-$2500/month (going from memory) you can flog the car for two years then return it with no questions asked, and less taxes paid, which in California especially is a huge deal.
However, I think most of us want to hold on to these for a bit
However, I think most of us want to hold on to these for a bit
#12
Nordschleife Master
This brings us back to the whole leasing idea... If you plan on tracking your car extensively, a lease is genius. At approx $2300-$2500/month (going from memory) you can flog the car for two years then return it with no questions asked, and less taxes paid, which in California especially is a huge deal. However, I think most of us want to hold on to these for a bit
#13
Rennlist Member
#14
In my experience buying and selling a few GT cars, tracking was never an issue.
I'm going to lease for the first time ever, but it's the first time I've been in a position to handle it through my business. I'm torn tho: standard lease terms, or manipulate the lease so I get a really low residual (hence low buy-out amount). The advantage of the latter, is that I get to run a higher expense through the business, and allow me to buy out the car at the end of the term for, for example, half of what its worth.
I'm going to lease for the first time ever, but it's the first time I've been in a position to handle it through my business. I'm torn tho: standard lease terms, or manipulate the lease so I get a really low residual (hence low buy-out amount). The advantage of the latter, is that I get to run a higher expense through the business, and allow me to buy out the car at the end of the term for, for example, half of what its worth.
#15
I would just get the car if you can find one, I have a GT3 on order with a a dealer ETA of 12/5 - will be ordering a GT3 RS in a PTS color as soon as available through the same dealer.
Really no idea how long I will have the GT3 and it being delivered in winter isn't the best, but if I try to optimize everything, who knows what I end up with.
Really no idea how long I will have the GT3 and it being delivered in winter isn't the best, but if I try to optimize everything, who knows what I end up with.