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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?
LOL! I'm gong to start a heavier, hair blowing Turbo S thread...so there!
That said if I were racing the car...I would do the same thing.
Here's my buddies just returned AIM/ES Motors 991.1 Turbo S with GT2RS turbos and bolt ons. Not bad for a simple setup. On 93 he should trap low 140's. The car hasn't been dialed in yet.
LOL! I'm gong to start a heavier, hair blowing Turbo S thread...so there!
That said if I were racing the car...I would do the same thing.
Here's my buddies just returned AIM/ES Motors 991.1 Turbo S with GT2RS turbos and bolt ons. Not bad for a simple setup. On 93 he should trap low 140's. The car hasn't been dialed in yet.
Hey, you don’t know how impressed I am that you got an allocation in Canada ! It took me a month to have my dealer trade up for one.
Is Fadi still on the stock clutches ?
Thanks T - I was impressed too because it is really difficult as there are none left lol - and I believe the answer is yes - he just posted his own thread on it - so it would be best to ask him directly...I have been following - but I honestly forget.
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 just purchased an exclusive build 2015 TT that with 62 options was over $210 new for $127 a month ago. 15k miles and perfect condition (full Xpel) with CPO and balance of factory.warranty.
The depreciation is staggering ($83,000 in < 4 years) on the turbo's and value is tremendous!!!
All signs are pointing to sudden depreciation in the 2016 GT3RS's as well.
I just purchased an exclusive build 2015 TT that with 62 options was over $210 new for $127 a month ago. 15k miles and perfect condition (full Xpel) with CPO and balance of factory.warranty.
The depreciation is staggering ($83,000 in < 4 years) on the turbo's and value is tremendous!!!
All signs are pointing to sudden depreciation in the 2016 GT3RS's as well.
Enjoy!
That was well bought, but a 991.1 TT at $210K MSRP is where things went wrong with the depreciation curve on this particular sample. If the car had a $165k MSRP, you probably would have paid nearly the same price. The original car was a crazy spec!! Great job, and good eye for value.
Even though the TTS seems to be more scarce starting in '17+ (991.2) -- it still seems they take forever for the dealers to sell. I constantly browse and see these cars with aggressive price movement taking 6 months before they disappear. So it makes sense to me that someone would purchase at $185k, and then a year later they trade it for $155k. The margin between dealer retail and trade on these cars is huge (still reasonable % wise) as there is naturally more risk in the type of car. And of course, as one stated -- options don't hold much value (maybe 10% of MSRP). If you think of it this way -- the trade/retail spread is probably 10% ($15k). The other amount was the depreciation ($15k).
Based on my experience, these cars seem to take a huge initial depreciation hit, then hold their value somewhat steady until you start crossing the various mileage checkpoints (20k, 30k, etc).
I purchased my 2014 TTS cab 2 years ago right around the time dealerships were being flooded with unwanted 991.1s from people trading up for the 991.2. $205k MSRP (Burmester and vented seats were the only $$$ options), 10k miles, CPO until 2020. Got it for under $140k, so over $65k in depreciation in 3 years.
If I sell it in 2 years for $80k (likely wishful thinking since it'll have 50k miles by then), that'll be another $60k in depreciation over 4 years. But since I escaped the initial depreciation hit, I will have essentially paid $15k/year to drive 10k miles each year, which is A-ok in my book!
I expect depreciation to be huge and almost always is whatever high-end car you buy (except for a very few models of which this is not one). Dealers take trade-ins at low prices and can afford to sit on them at high retail prices, and some private sellers think they can over-price theirs similarly. Dealers may get lucky once in a while. A friend just bought a 2019 demo with less than 500 miles at a good discount off list, and asking was under list as well. I watched Autotrader across Canada for a couple of months last fall and asking was always, always under list, but not enough to make them an appealing value over ordering new with a discount. One non-Porsche dealer called me back after a couple of weeks of my initial inquiry and said they had lowered their 2017 Turbo (grossly overpriced) asking price $25,000 and offered it to me for another $5k off that.
I doubt many Turbo buyers think they won't incur major depreciation on these cars at trade-in time, but those looking for a used one with the very valuable CPO probably shouldn't expect a great deal either. But what you can expect is that Porsche dealers know how to make a very healthy profit on both new and used Turbos !!!
The only way to come out ahead is to have realistic expectations about the high costs of owning one...and then enjoy the car relentlessly, with your cost per mile going down the more you do!
03-12-2019, 10:13 PM
