2019 991.2 Turbo S discount
#61
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!
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!
#62
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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.