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Short term ownership depreciation?

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Old 08-06-2014, 12:06 PM
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paradoxical3
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Default 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.
Old 08-06-2014, 12:13 PM
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Nick
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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.
Old 08-06-2014, 12:44 PM
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rosenbergendo
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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.
Old 08-06-2014, 12:50 PM
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Fowwiee
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Originally Posted by paradoxical3
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 consider $20k as high for the 991 GT3. But it also depends on what option you put it (some options may help with depreciation tho). I think a fully optioned out gt3 will see significantly more depreciation than a 130k gt3.
Old 08-06-2014, 12:55 PM
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Look at it this way.

How much would you pay for a year old GT3 that's been tracked most of it's miles?
Old 08-06-2014, 01:09 PM
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Fowwiee
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Originally Posted by TrackFan
Look at it this way.

How much would you pay for a year old GT3 that's been tracked most of it's miles?
Lol, depends on supply. If there is no other 991 GT3 out there, I would pay retail!

I really don't see any other car in the 130k can beat the 991 GT3.
Old 08-06-2014, 01:25 PM
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Originally Posted by rosenbergendo
2014-significant more than 20%.
LOL.
Old 08-06-2014, 01:32 PM
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Jimmy-D
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I think you will safe to assume $20,000 would be Max because you never recover taxes ect.
Old 08-06-2014, 01:49 PM
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frayed
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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
Old 08-06-2014, 01:53 PM
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Zucc
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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.
Old 08-06-2014, 02:15 PM
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CAlexio
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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
Old 08-06-2014, 02:20 PM
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neanicu
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Originally Posted by CAlexio
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
No questions asked?! A heavily tracked car?! What leasing company are you using?
Old 08-06-2014, 02:21 PM
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doubleurx
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Originally Posted by rosenbergendo
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.
Seriously?

I don't think even the standard C2S will depreciate that much.
Old 08-06-2014, 02:31 PM
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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.
Old 08-06-2014, 02:48 PM
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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.


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