Has 2020 depreciation kicked in yet?
#1
Has 2020 depreciation kicked in yet?
Looking to buy a 2017 or 2018 911 now. Been watching the listing for about 3 months so far. Curious to know peoples thoughts on whether the depreciation hit from the 2020 models has started yet? Since there is a limited options of 992 you can order and they are still selling 991s. Right now to me it looks like I should be in the 75-80K range for a 2017 and 82-87K range for a 2018 for a reasonable deal. What I don't want to do is buy right before the prices start to drop from the 2020s hitting the ground. I have already sold my Cayman S, so I am just looking for a good deal to jump for a 991.2, but I do not mind waiting. Any advice on a price range or time period I should wait for? I am mainly looking for a base Carrera, but would be interested in a S or T if things started to drop a bit.
#3
Im my opinion, the 2017's are starting to settle at equilibrium. I purchased a 17, very well optioned base for 73k over a month ago, and most 911's typically settle within the 68-73k range for a while. Hard to predict trends with a 90% certainty, however, given the tuning capacity for the 991.2 cars, and the controversial, acquired taste styling and design changes on the 992 (not bashing the 992's, I'm sure its a better car in all measurable categories), I don't see well optioned 991.2 prices dropping far below 70k in the near future. Given how much more drivability you get out of the updated platform with the turbo engine, and the price difference between a 992 base 911, the 991.2's should in my opinion hold value quite well.
#4
Im my opinion, the 2017's are starting to settle at equilibrium. I purchased a 17, very well optioned base for 73k over a month ago, and most 911's typically settle within the 68-73k range for a while. Hard to predict trends with a 90% certainty, however, given the tuning capacity for the 991.2 cars, and the controversial, acquired taste styling and design changes on the 992 (not bashing the 992's, I'm sure its a better car in all measurable categories), I don't see well optioned 991.2 prices dropping far below 70k in the near future. Given how much more drivability you get out of the updated platform with the turbo engine, and the price difference between a 992 base 911, the 991.2's should in my opinion hold value quite well.
#5
84k is a joke, even for a really well optioned 911, 73-75 is where they should be, and you will start seeing those prices show up, as we get closer to fall, when dealers begin to realize they overpriced when compared to market. This is the typical seller/buyer conundrum, the sellers (especially private) always think their car is worth more, the buyers think its worth less, given there are no brokers involved, you end up with fewer transactions. My best suggestion would be, to take some lower priced comparable 911's, include them in an email/in person negotiation, and ask them to try and justify why their car is worth the extra 8-10k, I would love to hear a dealer explain the market value of options on a used car.
#6
It's peak sports car driving season. And the stock market is hot. You'll see lower pricing in the late Fall, but why deny yourself the driving experience now?
Last edited by LexVan; 07-07-2019 at 07:36 AM.
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#8
Porsche and their dealers control the market and pricing regardless of what you feel or think.
991 priced high? Because "last of NA, 992 is ugly... blah blah"
Get low balled on 991? Because "new generation is out, nobody wants 991 anymore blah blah"
991 priced high? Because "last of NA, 992 is ugly... blah blah"
Get low balled on 991? Because "new generation is out, nobody wants 991 anymore blah blah"
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#10
Currently Manheim has the 2017 Carrera at $75,500 with an average of 16,200 miles. These are wholesale prices. Dealers make money by selling at retail.
Prices will of course drop as summer comes to an end. You will also start to see the 2017's coming off a 36 month lease.
Always remember the lowest price car is not always the best. Find a well maintained car with the color and options you want and go from there. At $75-$80K I think you are in the right neighborhood right now but prices are fluid.
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Bauckman (07-07-2019)
#11
Looking to buy a 2017 or 2018 911 now. Been watching the listing for about 3 months so far. Curious to know peoples thoughts on whether the depreciation hit from the 2020 models has started yet? Since there is a limited options of 992 you can order and they are still selling 991s. Right now to me it looks like I should be in the 75-80K range for a 2017 and 82-87K range for a 2018 for a reasonable deal. What I don't want to do is buy right before the prices start to drop from the 2020s hitting the ground. I have already sold my Cayman S, so I am just looking for a good deal to jump for a 991.2, but I do not mind waiting. Any advice on a price range or time period I should wait for? I am mainly looking for a base Carrera, but would be interested in a S or T if things started to drop a bit.
#12
I'm not sure $84K is a joke. It might be on the higher side but options, condition, color, warranty, time of year and dealer inventory will dictate asking and ultimately selling price. I prefer using data to find price levels and that starts with the wholesale market. All vehicle prices are set there.
Currently Manheim has the 2017 Carrera at $75,500 with an average of 16,200 miles. These are wholesale prices. Dealers make money by selling at retail.
Prices will of course drop as summer comes to an end. You will also start to see the 2017's coming off a 36 month lease.
Always remember the lowest price car is not always the best. Find a well maintained car with the color and options you want and go from there. At $75-$80K I think you are in the right neighborhood right now but prices are fluid.
Currently Manheim has the 2017 Carrera at $75,500 with an average of 16,200 miles. These are wholesale prices. Dealers make money by selling at retail.
Prices will of course drop as summer comes to an end. You will also start to see the 2017's coming off a 36 month lease.
Always remember the lowest price car is not always the best. Find a well maintained car with the color and options you want and go from there. At $75-$80K I think you are in the right neighborhood right now but prices are fluid.
#14
In SoCal, it's not hard to find a 2017 in the 70's. I've seen a couple dip in to the 60's. Base Carrera with ~$8k in bolt-on mods (headers, high flow cats are the primary) and a tune is mid-upper 400s crank on 93 octane.
#15