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6-7% is good deal on a new one and it seems similar on CPO cars....I always get dealer to throw in free assorted items asking for all and getting a few- insurance for wheels/dents, PPF, license frames, clear side markers, air gauge, upgraded key chain or floor mats or trunk mats...
Lol, if the 992 turbo gets the same reviews as the 992S, you will see a substantial drop in prices for a prior iteration.(991 and 991.2)
i have been following the 992 release closely and I will have to disagree. The reviews - especially the interior (which I am also not a fan of - they really blew it being clear) are hurting momentum/reviews for the new car.
i also believe that the last full analog gauges Porsche’s will hold their value. Add to the fact the 2019’s are lowest production volume - and I think I am fine with my new Turbo S.
Lol, if the 992 turbo gets the same reviews as the 992S, you will see a substantial drop in prices for a prior iteration.(991 and 991.2)
People always say things like this but it never proves to be true. The things which mainly influence used car prices? Number of vehicles sold and MSRP.
People buy what they want and what they can afford when the desire strikes them. Most people who buy a TTS, for example, don't think 'should I wait 2 years for the 992 model? Or should I buy today?'
That just isn't what happens, despite what you may think from reading the fora.
Turbo's are terrible at holding value. I bought a $206K TTS (used,2 weeks old) for $180K last year. I drove it 3000 miles and had to sell it for $155K . That was my best offer for an all black TTS. Thats about a 25% depreciation in one year and thats not out of the norm. Buy a used one because there are lots of them around. You will lose another $40-50K in the next year if you buy new. Unless you personally want all those extra's, most people don't want to pay for them on the resell side.
Turbo's are terrible at holding value. I bought a $206K TTS (used,2 weeks old) for $180K last year. I drove it 3000 miles and had to sell it for $155K . That was my best offer for an all black TTS. Thats about a 25% depreciation in one year and thats not out of the norm. Buy a used one because there are lots of them around. You will lose another $40-50K in the next year if you buy new. Unless you personally want all those extra's, most people don't want to pay for them on the resell side.
It all depends where you are and what the availability of these items are. In Canada - Turbo S's - coupes - are at least at to above msrp by about 15-20K. Not as much as the GT cars of course - which can be 60-100K above msrp depending on the model and options - but pretty good. This is because getting an allocation here is super difficult; I am talking 25 cars for all of Canada (Ontario has about 15 Porsche dealerships by itself - Vancouver probably 10 - Quebec about 5 and there are still 8 Provinces to go) - plus there are fewer 19 cars than any other year for the 991.2. So for me - I feel the cars will hold their value. Add to my point that I think the 992's may be a bust - at least regarding the interior (and most Reviewers stating so) - and the fact the 992's are more expensive than the 991's - I think the 991's will hold their original value quite well.
It all depends where you are and what the availability of these items are. In Canada - Turbo S's - coupes - are at least at to above msrp by about 15-20K. Not as much as the GT cars of course - which can be 60-100K above msrp depending on the model and options - but pretty good. This is because getting an allocation here is super difficult; I am talking 25 cars for all of Canada (Ontario has about 15 Porsche dealerships by itself - Vancouver probably 10 - Quebec about 5 and there are still 8 Provinces to go) - plus there are fewer 19 cars than any other year for the 991.2. So for me - I feel the cars will hold their value. Add to my point that I think the 992's may be a bust - at least regarding the interior (and most Reviewers stating so) - and the fact the 992's are more expensive than the 991's - I think the 991's will hold their original value quite well.
I ordered a 2019 Turbo S without sunroof and FAL with a discount in Ontario for less than used 2017 and 2018 CPO's that mostly had those 2 options that I specifically did not want. The added cost of CPO and somebody else's choice of options just made ordering new a no brainer. May I ask where the 25 car number for Canada came from, and is that the total for Turbo and Turbo S? That's extremely low.
Turbo's are terrible at holding value. I bought a $206K TTS (used,2 weeks old) for $180K last year. I drove it 3000 miles and had to sell it for $155K . That was my best offer for an all black TTS. Thats about a 25% depreciation in one year and thats not out of the norm. Buy a used one because there are lots of them around. You will lose another $40-50K in the next year if you buy new. Unless you personally want all those extra's, most people don't want to pay for them on the resell side.
are you talking about depreciation from MSRP? Only asking because I was quoted 7% off an allocation (TTS) that was 227k MSRP. So my cost was 211,000. I put a deposit but still have until June to back out. Wondering if I should go thru it or not. Only thing holding me back is depreciation from 992s. I’d probably keep it for at least 3-4 years.
I ordered a 2019 Turbo S without sunroof and FAL with a discount in Ontario for less than used 2017 and 2018 CPO's that mostly had those 2 options that I specifically did not want. The added cost of CPO and somebody else's choice of options just made ordering new a no brainer. May I ask where the 25 car number for Canada came from, and is that the total for Turbo and Turbo S? That's extremely low.
I don't need to prove that used is either on par with new (with 5-7K KM's on the used cars) - or more expensive (I have seen 2019 cars ask up to almost 260K before taxes - used). You can simply check these out on Autotrader - right now. My car cost me about 10K less than a used car with almost all of my options - and it had 5300 KM on in - and not the colour I wanted. Picking the exact car I wanted - saved me money.
As to production numbers - it is for Turbo S coupes only - and I was off by one - there are 26 (Turbo actually has less at 17 - so 43 combined coupes). I have another link showing that overall volume to Canada is ~10 times less than to the US (which makes sense from a population perspective as we have about 10 times less people). Using 2015 and 2016 - 9900 to 860 and 8900 to 845 respectively - and that is for ALL Porsche's to Canada. If the US dollar were on par with Canadian dollar instead of an additional 34% as of this writing - forcing people to buy in Canada - then US cars would be an option. So limited supply and very solid demand - makes Canadian Porsche Turbo and Turbo S cars more difficult to buy - and getting savings on cars with options people want (like sun roofs) - much more difficult. Even more so when we are talking GT cars (unless you are a previous Porsche owner with the Dealership - that doesn't guarantee - but it helps). Which combined and especially for the Turbo cars (and worse for the GT cars), is why it is more expensive used or on par with new in Canada - even though the used cars have 5-7K+ KM's on them.
I ordered a 2019 Turbo S without sunroof and FAL with a discount in Ontario for less than used 2017 and 2018 CPO's that mostly had those 2 options that I specifically did not want. The added cost of CPO and somebody else's choice of options just made ordering new a no brainer. May I ask where the 25 car number for Canada came from, and is that the total for Turbo and Turbo S? That's extremely low.
I thought I was the only person that ordered a 2019 without FAL or Sunroof ! Lol.
Lol...it IS the racer thing to do...I cannot argue. I went the other direction with the likely heavier black glass sunroof...but I am okay with that for this car.
I was able to just recently acquire this nicely spec'd 2018 991.2 Turbo S Cab that had a $225k MSRP, with 2,900 miles on it and 5 months of warranty period used up, for $187,000. No CPO however. I think it is a killer deal. Thoughts?
03-10-2019, 12:51 PM
