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Has 2020 depreciation kicked in yet?

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Old 07-06-2019, 12:07 PM
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grendelrt
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Default 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.
Old 07-06-2019, 12:27 PM
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ShaunP
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Already seeing sub $80k prices on base Carreras showing up. Just depends on spec and what options you’re looking for.
Old 07-06-2019, 12:50 PM
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BlackCS
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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.
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Old 07-06-2019, 12:56 PM
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Originally Posted by BlackCS
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.
Yea thats a good price, the closest I have gotten to that was 75K on one 911 that ended up having title issues and the sale was cancelled. There is a car somewhat near me now, but they want 84K which seems overpriced at this point for a 2017 base 911. I am wondering if I should wait a bit and pick up a 2018 if they get closer to low 80s for a base 911.
Old 07-06-2019, 01:02 PM
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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.
Old 07-06-2019, 01:07 PM
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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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Old 07-06-2019, 01:31 PM
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Riz
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Are we talking about new leftover 18's and 19's or used cars?
Old 07-06-2019, 01:33 PM
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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"
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Old 07-06-2019, 01:37 PM
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Just bought a New 991.2 GTS and got 15k off sticker. Thought that was partly due to negotiations and the new 992.

it it was a 19.
Old 07-06-2019, 01:45 PM
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Originally Posted by BlackCS
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.
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.

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Old 07-06-2019, 01:52 PM
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Originally Posted by grendelrt
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.
Prices here in the South East US are still high as seen on Car.com, AutoTrader, etc. and I have not seen any affect yet of the impending arrival of the 992. Mind you these are asking prices and the cars seems to be listed a long time.
Old 07-06-2019, 02:18 PM
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Originally Posted by Truble10
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.
Originally Posted by Thor's
Prices here in the South East US are still high as seen on Car.com, AutoTrader, etc. and I have not seen any affect yet of the impending arrival of the 992. Mind you these are asking prices and the cars seems to be listed a long time.
Yeah I am on the east coast where prices are a little higher. I think the car I am looking at is worth a little more because of how well optioned it is, but an extremely similar car was listed for 81K a couple weeks ago and I missed it by a day. So I think they are a little high, there list was 87K , 84K is the reduced amount they offered. I will keep an eye out and keep on trucking. I am not afraid to travel to get my car so eventually I will find something. I was more curious on the thoughts of the 992 releasing and possibly pushing more prices down but it sounds like this may not be an issue with a 2017 model.
Old 07-06-2019, 03:41 PM
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In the fall, when you see a 992 on the street, you lost 5 grand on the spot, IMO.
Old 07-06-2019, 05:19 PM
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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.
Old 07-06-2019, 05:53 PM
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Originally Posted by MOWE
Just bought a New 991.2 GTS and got 15k off sticker. Thought that was partly due to negotiations and the new 992.

it it was a 19.
Sweet. What was the MSRP? Which region/area?


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