fansonly

I'm always impressed with how this board provides deep insights on to the murky market of used 911s and pricing. Consider the following situation....

I have a lease maturing on a '16 991. GTS with a buyout of 95K. I get the impression, searching online, that GTSs are trading for 10-15K more than that. However, my car has been in a minor accident, so there is diminished value.

I would like to get a different color and manual transmission GTS, so I'm trying to rationalize not taking the option to buy my current carb based on it's diminished value. An immaculate car will hold its value much stronger and longer than one that has had an accident.

Am I right that my 15L price advantage on my current vehicle is washed out?

Dewinator

STG

Yes, the $10k-$15K advantage is erased.

You seem to have a good grip on the reality here.

Now other variables to consider like MSRP and mileage which we don't know. Also, how bad was the damage? What part of car too?

Seems like you would like a different color and options like a manual? Not easy to find the perfect car at the right price and condition. If not totally happy with current car, best to walk for lost value $$ as mentioned above and be patient to find another pre-owned one.

If 100% happy with the current car and want to keep it for at least 8+ yrs then makes sense to keep it.

The "accident" is always a risk. Could buy a new one and have a hit too.

I could see the pre-owned GTS market softening up a bit possibly this upcoming year $ wise and inventory wise and might work to your advantage in looking for a replacement. I can't see them going up in price.

Thoughts??

Archimedes

No way would I buy out that lease to sell the car.

fansonly

STG - you always have the scoop. Why do you think the GTS market will soften?

The impact seemed minor - low speed tboned by someone making a left turn and not looking. It was a love tap that caused 23K in damage. The soft aluminum crumpled underneath.

MSRP was around 138K if recall. It has 17500 miles on it right now.

Porsche_nuts

$23K damage is a love tap?

fansonly

YES. These cars are made of so much aluminum. If I showed you the pictures it appeared so minor on the surface. The suspension crumpled underneath. It was not a high impact collision.

People need to understand that about these cars. They have a lot of aluminum parts which cost a fortune to replace.

STG

With that mileage and accident, I'd walk.

I think many lease returns will start showing up, but prices should stay steady. Don't expect like $10K drops, but have a hard time believing prices will be as strong the next 2 years as they have the past 2 years.

991.2's are showing up pre-owned with pretty nice $$ hits and 992 generation will be announced within the year. This will put some pressure on 991.1's. Although, I think the future will treat the 991.1 very well long term for resale. Not investment grade material, but reasonable depreciation if held long term. Where cost of long term ownership is very reasonable.

STG

True, very $$$ to fix even with what looks "not bad".

A t-bone hit isn't a good one. A rear ender would be even worse.

dgoldenz

x2. My car was in a front-end minor accident where the previous owner ran into the back of a Mercedes sedan at low speed coming to a stop. The front hood crumpled but no frame damage, it really doesn't even look bad in the pictures. Repair cost was $24k, I still have the itemized receipt.

Buteo

STG

Yup. They'd list it for $115K then with CPO. Maybe get $110K-$112K

$163K MSRP is very high. A lot higher depreciation % than say a $135K one.

What was RS?? $210K?

Papa Fittig

Good luck finding a MT 991.1 GTS close to your desired spec. It took me a while, as there are not too many MTs ones. And be prepared to shell out those $10-15K if not more for a 2016 low mile one.

R_Rated

The mileage is no problem and the accident is no problem IF its a car you love. All column fodder.

Focus on finding the right car and get the happiness return on investment. Resell, value, etc means nothing if it's not the car you want.

Rezus

Frame damage? Walk from this one, you be better off looking and paying a bit more for the right car.