CPO 991.2 availability and pricing - What’s worth it?
#31
I agree 30K miles seams to be the cut-off for many with high disposable income. IN MY OPINION ONLY most 911 buyers are not mechanically inclined. They rely on dealer guidance. They know of BMW/German nightmares. Sooooo they buy with low miles and CPO to hedge their bets. I am mechanically inclined, I have taken mine apart to find rattles. In the end its just nuts and bolts, triple square fasteners. As I have said before my next 911 doesn't need to be CPO. Porsche charges what they know people will pay. Porsche tax is very real. If I had to do it again from an investment perspective I would have bought the 2013......... If money isn't a concern I would have bought the one I did. Again the 991.1 and 991.2 are very reliable vs other "exotics". If you are on a budget buy a base 991.2 without 4 wheel steering, without PASM (if I got that right) and I suspect you won't will have an extremely reliable car. For example Porshe is happy to charge $700 for a battery, which is the same battery in my boat I paid $129 for. I not even going to discuss the lithium batteries in the new 992 4 S's. There was a gorgeous 2017 911 manual 4S on BAT with 50K miles, sticker was $150K? it went for $88K deal of the year. I have no clue why it didn't go more. It had some higher revs in the ????? report. Complete BS to me. That was deal. My only guess all the option scare some away......
Would I have liked fewer miles? Of course! But I got a better deal for a slightly higher mileage car and a TTS at that! Been rock solid so far and if not, we can fix it or the 3rd party warranty will hopefully kick in.
#32
Letting my 15 year old daughter drive my 911 (manual transmission) with student driver placard taped to rear window is priceless. The looks I get are worth it all day long...... Amazingly 95% of drvers give more room with the placard, so worth it when she is driving. Then I make her drive it up and down the street while I watch it.
The following 4 users liked this post by HardRider:
#33
Letting my 15 year old daughter drive my 911 (manual transmission) with student driver placard taped to rear window is priceless. The looks I get are worth it all day long...... Amazingly 95% of drvers give more room with the placard, so worth it when she is driving. Then I make her drive it up and down the street while I watch it.
and i thought my dad was awesome letting me drive his new caddy/land yacht back in the 70's when i got my DL....not even close!
#34
I did shop for cars during the time frame you mentioned. Bought my 991.2 gts on December 27th 2022. Had been watching the prices since summer and they always seemed a little high but in the end I wanted a car and felt like the end of the year was a good time for the best deal I was going to find, since I found one specked the way I wanted. Although the number of 991.2 gts CPO cars out there was low and the prices were a little crazy in the summer it did seem like they had dropped slightly and stabilized. Also I have been watching the market since I purchased end of the year and have noticed they are still about the same. I think basing a purchase decision on where you think prices will be in six months is pretty difficult and the difference between a overheated market and a cooler one is rarely going to make up for time lost behind the wheel if you find a car you really like. My GTS ticked all the boxes for me. Low 18K miles Carmine red, PDK, GTS interior package, carbon fiber package, 18 way seats, RAS, Sport Exhaust, Premium Package .... I paid $121K but by the time tax, license, and an additional 5 year 60K warranty on top of the CPO was added I was in the $135K neighborhood out the door. I didn't expect to add the extra warranty but considering it can dropped for a pro rated refund at any time for the unused portion. It is transferable upon resale which will help resale value (I don't intend to sell and drive it daily) I thought the gamble was worth it as I can assume from past Porsche experience if the warranty doesn't pay off completely at least a good portion of it most likely will be. Typically I self insure but a warranty sure paid off on my Cayenne, and I can put a lot of miles on with peace of mind.
#35
I have purchased many cars on the lower end of the market. These had more bumps and bruises, more wear and tear. After I get them and piece meal what I can as far as replacements parts, I pamper them in the garage but the bumps and bruises don't disappear. In other words my fixed cost (space consumed) stays the same with a rusted car or a Porsche. In this case I wanted a 9 out of 10, paid a little more, and never thought about price again. I did determine a glove compartment for a 2013 911 is $1K from Porsche (this was a learning which helped me spend a little more for one in better shape). Color, Transmission/Model and then price, if you go off just price you will not be happy. Case in point I found 2017 911 manual with 6K miles and I don't think it was ever driven in rain. It showed as new, 3 miles from my house. it was YELLOW. The deal was so easy, no shipping, clean Texas title. It was Yellow. I checked what a wrap would cost to go silver. Guy said $8K and I would be much better off buying a different car. I am so happy I didn't take the easy route and buy the yellow one. Nothing against Yellow I just don't want it. I am sure some loathe silver, cool.
#36
Everyone buy MSFT??? I should have bought GTS......
This week should be interesting I bought msft and amazon they are both reporting. from my post above. So much easier to make money than to save money......
298.22+22.80 (+8.28%)
After hours: 6:13PM EDT
This week should be interesting I bought msft and amazon they are both reporting. from my post above. So much easier to make money than to save money......
298.22+22.80 (+8.28%)
After hours: 6:13PM EDT
Last edited by HardRider; 04-25-2023 at 07:14 PM.
#39
For whatever it's worth: 2018 C2, CPO, PDK, 22k miles, $91.5k asking (Porsche Dealer)
https://www.porschefortmyers.com/use...7FLVG6,281ZD,1
https://www.porschefortmyers.com/use...7FLVG6,281ZD,1
#40
I'm curious though if people are actually paying these list prices. I'm seeing so many base 992s from 2020 listed around the $115k mark with original MSRPs at $105-110k. Its hard to determine if the markup on the 992 is a better deal or if the markup on the 991.2 is a better deal. Most 991.2s on the market are at or around the 5 year mark in their age with older generation interior (even though this is subjective, its safe to assume newer interior is more desirable) and prices still in the low to mid 90s. Its kind of tough call. I don't absolutely need a 911 now, but I said that two years ago, waited and things got worse now lol.
Surprisingly the base Taycans are available at very attractive prices, one thought is to buy a Taycan for now at around $80k, drive that for 2-3years, get in line for the 992.2 order list and trade it in when that arrives. Downside being, two seperate transactions = more loss, so might work out the same as overpaying now for a 992. Analysis paralysis
Surprisingly the base Taycans are available at very attractive prices, one thought is to buy a Taycan for now at around $80k, drive that for 2-3years, get in line for the 992.2 order list and trade it in when that arrives. Downside being, two seperate transactions = more loss, so might work out the same as overpaying now for a 992. Analysis paralysis
#41
This 4 or 5 year old variable doesn't affect my purchase analysis as much as it does for others. All the 911's I looked at were stored in garages, not daily drivers. I have seen 1 year cars with more bumps and bruises than 10 year cars. Then again my Tundra has less rock chips than my 911, the Tundra has zero. It all gets back to the owner and how they cared for it. Its like renting a house, the most important factor is the renter. You get the right renter everything else is easy. As far as prices only F150's have more option packages than 911's. You will be in the 80's for 991.2 if you want less than 30K miles. You will be upper 80's to mid 90's if you want 991.2 with manual transmission. Now that I have done it, on a $100K 911 I would credit CPO with $2K. It is not a new car warranty. Its more legend than reality. On the flip side the 991.1 have bottomed and fully depreciated in my opinion. Max I would go for a 991.1 with manual transmission is $75K, PDK $70K. The 991.2 will always be worth more than the 991.1 even with all the NA BS. The 991.2 torque delivery is exponentially better than the 991.1 for regular driving. Oh if you are a race car driver go GT3, 991.2 you looking at $180K plus. Why buy a GTS? you can buy a 991.2 for mid-80's throw in $8.5K in new porsche turbo and tune and you have GTS for mid-90's which is $25K? below GTS market.
#42
This 4 or 5 year old variable doesn't affect my purchase analysis as much as it does for others. All the 911's I looked at were stored in garages, not daily drivers. I have seen 1 year cars with more bumps and bruises than 10 year cars. Then again my Tundra has less rock chips than my 911, the Tundra has zero. It all gets back to the owner and how they cared for it. Its like renting a house, the most important factor is the renter. You get the right renter everything else is easy. As far as prices only F150's have more option packages than 911's. You will be in the 80's for 991.2 if you want less than 30K miles. You will be upper 80's to mid 90's if you want 991.2 with manual transmission. Now that I have done it, on a $100K 911 I would credit CPO with $2K. It is not a new car warranty. Its more legend than reality. On the flip side the 991.1 have bottomed and fully depreciated in my opinion. Max I would go for a 991.1 with manual transmission is $75K, PDK $70K. The 991.2 will always be worth more than the 991.1 even with all the NA BS. The 991.2 torque delivery is exponentially better than the 991.1 for regular driving. Oh if you are a race car driver go GT3, 991.2 you looking at $180K plus. Why buy a GTS? you can buy a 991.2 for mid-80's throw in $8.5K in new porsche turbo and tune and you have GTS for mid-90's which is $25K? below GTS market.
#43
I agree there is no way to make a 991.2 into a GTS without exceeding the cost of just buying a GTS. I was suggesting you could get a ton of additional performance out of a 991.2 base for not a ton of money. I passed on a 2017 991.2 with 22K miles for $83,500 in very good condition. So theoretically i could have had 500hp for under $95K. Again I had to have a manual transmission. Truth be told the one I passed on must have had a tune because it was much faster than mine. I did drive a manual like mine with a tune and it was a different beast. I loved it, but I was scared when I bought mine about repairs and got CPO. Now I am handcuffed if I want to keep CPO and can't put a tune on it. truth be told I WANT A GT3. Just another $100k lol.
#44
I agree there is no way to make a 991.2 into a GTS without exceeding the cost of just buying a GTS. I was suggesting you could get a ton of additional performance out of a 991.2 base for not a ton of money. I passed on a 2017 991.2 with 22K miles for $83,500 in very good condition. So theoretically i could have had 500hp for under $95K. Again I had to have a manual transmission. Truth be told the one I passed on must have had a tune because it was much faster than mine. I did drive a manual like mine with a tune and it was a different beast. I loved it, but I was scared when I bought mine about repairs and got CPO. Now I am handcuffed if I want to keep CPO and can't put a tune on it. truth be told I WANT A GT3. Just another $100k lol.
I personally find the least enjoyable part of owning my GTS has nothing to do with the money as much as that I drive it as my primary driver while at the same time I need to:
Have it clean and looking perfect all the time, worry about door dings, rock chips, pot holes, people getting in it and dragging their feet across the door jams, interior parts... I could go on but I'm sure we all go through that especially in the early stages of ownership of a car that for many is their dream car. It isn't the money as much as just pride in ownership. Keeping it stock and the CPO and extended warranty in place, reduces the anxiety to some extent, but still I am on public roads and surrounded by lunatics.
I was the same way with my Cayenne for years while using it as my car for everything. Now it is my extra car for surfing, cargo, more than one passenger etc. Still in great shape but I find I enjoy it now more than ever, as my insanity has transferred to my 911 and use the Cayenne as the utility vehicle with much less worry which has increased the fun aspect tremendously.
#45
I wanted a manual for the shear entertainment of changing gears. It adds the same entertainment as another 200hp in my opinion. The auto-rev is just to cool. In reality it has the perfect power for my style driving. Very predictable and simply won't get out from under me. I will not own a "toy" car without manual transmission. My last toy was a Superformance Cobra. 550hp in 2,600lb car. It was a blast from 0 to 100 and with tires costing $89 you could boil them off for all but free. The 911 is diametrical different, it is a blast from 70-120. The problem with the Cobra is weather in Houston is do deplorable with heat, rain actual usage is very low. The 911 can be used anytime. I owned over 30 cars the one that checks all the boxes and does the most "perfect" is the 911. The closest second Toy car is a Superformance Cobra. One huge advantage the Cobra has financially is they just keep going up. I had three and everyone I sold I mad $10-15K and now they're worth another $10-15K what I sold them. I would not own a Cobra unless you are a decent shade tree mechanic. They are alway needing something and something is always coming loose.......