rp4

A 2013 911 with 20-30k miles is still going for 50-70% MSRP

You'd expect that resale value out of a 2-3 year old economy car -- not a 5 year old performance car.

It seems a lot of owners are afraid to hold the car out of warranty -- either trade it in or buy extended warranties.

Are used buyers just not factoring in out of warranty costs? Or are costs, on average, not that high.

Discarding the NA issue & assuming you keep the car for 3-4 years,
Does it even make sense to buy used?

buying used -- save 30-50%, spend more effort (ppi, carfax, looking for inventory), deal with maintanence
vs.
buying new -- save 5-10%, easier process, don't worry about breakdowns, better performance & tech

Psorcery

It's a good car and its it's own league.

spiderv6

What do you think the NA issue is?

rp4

Some ppl prefer the 991.1 due to lack of turbo.
But I don't think its that significant of a factor (prices of 2016 991.1 aren't greater than 2017 991.2)

visitador

You are welcome to buy a new 992 at $130K+++ and let us enjoy the car four years later at $70-80K.

A short answer to your question: Demand. Check CarMax to see how much is the MB Sl550 priced used vs the 991 cars. There is no demand for the SL and the used car market shows it.

I always tell my friends/relatives about ownership of a 991. If you are afraid about maintenance/repair costs, then buy a new BMW M2 or something similar and enjoy the new car warranty period. But, if you must have a 991.1 NA, then you'll be in a crowd of potential buyers in a market that does not have high inventory (remember that the NA was produced at a time when most of the world was recovering from the financial crisis). How many times have I seen in the HFS thread when someone waited after a lead was posted and then find that the car is gone

friar93

seems like your analysis answers the question: used values are holding well and thats a great reason to buy used. people that bought 991's 2 years ago can almost sell for what they paid. after the initial 30-50% depreciation the 991 values have been largely stable with little downside.

I'm not suggesting that will continue but the analysis seems to suggest buying used is a good idea in this type of situation versus a car that has an aggressively depreciating value(in which case I would ask 'if Im going to lose $20K a year in value whether its new or used then why buy used and take on the additional issues?'

roadrat

Winner! Best run-on sentence of 2018! You were taking this one right to the end!

spiderv6

Not having a turbo in the back is NOT an issue, I can assure you.

I'm not really sure which way you are arguing this - maybe it's just me but I don't get which side of the argument you are trying to be on.

As for out of warranty costs on these cars, they seem to me to be pretty reliable and worry free. I couldn't wait to off-load my 996 back in the day but I don't have a single concern about sitting on my car when the warranty finally expires.

phefner

IMHO demand. Right now there is support from the wealth effect of almost 10 yrs in stock and real estate appreciation. People, until this month, generally felt fairly rich. The demand base for Porsche is now never been higher. Unfortunately, this may likely change in the coming year or two. A potential Bear market in stocks and general economic slowdown will push fringe buyers out, and the rest to pull in their horns some. Expect dealers to resist. Be patient.

Personally, I also expect some increase in discounts to MSRP (especially on Turbo and TurboS), and a return to reality on GT varients i.e. reduction of dealer markups to MSRP at most.

But we Porsche buyers shouldn't ever expect the insanity seen in BMW and Lexus leases (to name a couple). Many of those models exist ONLY for clever financing. A return to a more normal pricing for risk should thin out some of the weak players.

Time will tell. Drive your 911 like you stole it.

keithgreer

I rationalized buying my 2015 991.1 CPO was that the two biggest costs to owning a car are depreciation and maintenance. If you buy a 2 year old CPO car, the initial owner took the big initial hit in depreciation (25% in my case). Then, you have a 4 year factory warranty to cover most costs. And, if you do routine maintenance yourself like brakes and oil changes the 991 doesn't cost much more than any other car. They hold their value well.

jkfuel

Demand is still high for these great cars and money is still relatively cheap.

Stevelev

Porsche911GTS'16

It's multifactorial, but do not discount people's interest in having a 911 with a naturally aspirated engine. It is a dying - almost dead - breed. Some don't want the rawness of the GT cars but want that classic flat six NA. It's not the only reason the values are holding but I am sure it is at least part of the reason.

gearboxtrouble

I'm sure the NA factor plays a little but imo the biggest factor has always been Porsche's slow, steady, measured but cumulatively massive increase in the sticker prices for new 911s. They're very clever and very sneaky - not only is the 992 more expensive than the 991.2, identical options are 10-30% more expensive too.

vodkag

just look at the residue % on a lease....they are in the mid to high 60s% which is nowhere near the 50s% you see in BMWs, mercedes and Audis. One of the few reason i went with the 911s instead of the AMG GT-S. the demand for the 911s are way more than the AMG GT-S