"The Price Is Right": 991 prices new/used "is this a good price?" Lease info too!
#31
Three Wheelin'
Thread Starter
KBB doesn't do a great job. Autotrader, CarGuru, Truvalue, Hemmings, dealer inventories all the better. Let's try to get people to use the info that's out there (and in this thread) as opposed to being spoon fed the information. There is no definitive answer but folks can at least get close. The info is out there.
Want to know the wholesale value of your car? Call the local delaler, purport to be a buyer of one of their cars on the floor, tell them you have a trade in and have them ballpark it's value and then add in some sort of "profit" to that number. Just another approach that can be used.
Last edited by oalvarez; 04-28-2016 at 08:31 AM.
#33
Nice topic.
Just trying to run through the math. 2014, would make it 2 years old and a total depreciation of about 34%. But at 15K (7500 / year) you'd take away about 8% (residual of 74%)
.74 x 128K is about 95,000.
Is that right?
By these numbers, this gentleman found himself a very nice deal.
Just trying to run through the math. 2014, would make it 2 years old and a total depreciation of about 34%. But at 15K (7500 / year) you'd take away about 8% (residual of 74%)
.74 x 128K is about 95,000.
Is that right?
By these numbers, this gentleman found himself a very nice deal.
#34
Three Wheelin'
Thread Starter
#35
Three Wheelin'
Thread Starter
Nice topic.
Just trying to run through the math. 2014, would make it 2 years old and a total depreciation of about 34%. But at 15K (7500 / year) you'd take away about 8% (residual of 74%)
.74 x 128K is about 95,000.
Is that right?
By these numbers, this gentleman found himself a very nice deal.
Just trying to run through the math. 2014, would make it 2 years old and a total depreciation of about 34%. But at 15K (7500 / year) you'd take away about 8% (residual of 74%)
.74 x 128K is about 95,000.
Is that right?
By these numbers, this gentleman found himself a very nice deal.
#36
Three Wheelin'
Thread Starter
Not disagreeing with you but trying to keep this simple. I have a leased 2016 Porsche (contract written this year). What I do know is that there is a msrp and a residual listed on it, but not a line item called subsidy. When my lease is up, the car's actual value will be less, the same, or more than the market value at that time.....again, residuals are best guesses by someone at PFS and I think they come pretty close to be right than wrong.
#37
Not disagreeing with you but trying to keep this simple. I have a leased 2016 Porsche (contract written this year). What I do know is that there is a msrp and a residual listed on it, but not a line item called subsidy. When my lease is up, the car's actual value will be less, the same, or more than the market value at that time.....again, residuals are best guesses by someone at PFS and I think they come pretty close to be right than wrong.
Just my opinion - I think if you lowered the base residuals in your calculations by ~5%, the results would be more accurate.
#38
Three Wheelin'
Oalvarez, I was the one who put the depreciation data together that you utilized on your OP. I created this back in December before the 991.2 was released and things might have changed since them with what seems like the 991.1 are in slightly higher demand. Also 911's are in less demand in the December timeframe compared to now where we have spring fever.
#39
Three Wheelin'
Thread Starter
remember, those aren't "my calculations" but residuals offered by some other RL'er from (market) data obtained at some point in time. either way (5% or not) i think it gets someone in the ballpark of what they're wanting to know. is 5% substantial when dealing with larger numbers? absolutely.
#40
Three Wheelin'
Thread Starter
Oalvarez, I was the one who put the depreciation data together that you utilized on your OP. I created this back in December before the 991.2 was released and things might have changed since them with what seems like the 991.1 are in slightly higher demand. Also 911's are in less demand in the December timeframe compared to now where we have spring fever.
i have to go back and look at my own 2yr, 7.5mi/yr contract but i think the residual is close to 30%.
if folks could please opine/forward information on their own contracts that would be swell. having said that, i don't think they're all that much different, maybe they are.
#41
#42
#43
Hey,
MSRP 120,500 (Canadian) + options for a total of 133,880.
about 7000 miles
It's listed at 123,995, not including taxes and licensing. Doesn't look like it has CPO.
say we give 6 % back for a low mileage car,
so that's about 34-6% depreciation or 133,880 x 72% = 96,400.
Even if the dealer wanted to make a 5% profit it would be 133,880 x 77% = 103,000
So is that a terrible deal?
http://www.autotrader.ca/a/Porsche/9...o/5_24066892_/
MSRP 120,500 (Canadian) + options for a total of 133,880.
about 7000 miles
It's listed at 123,995, not including taxes and licensing. Doesn't look like it has CPO.
say we give 6 % back for a low mileage car,
so that's about 34-6% depreciation or 133,880 x 72% = 96,400.
Even if the dealer wanted to make a 5% profit it would be 133,880 x 77% = 103,000
So is that a terrible deal?
http://www.autotrader.ca/a/Porsche/9...o/5_24066892_/
#44
Three Wheelin'
Thread Starter
Hey,
MSRP 120,500 (Canadian) + options for a total of 133,880.
about 7000 miles
It's listed at 123,995, not including taxes and licensing. Doesn't look like it has CPO.
say we give 6 % back for a low mileage car,
so that's about 34-6% depreciation or 133,880 x 72% = 96,400.
Even if the dealer wanted to make a 5% profit it would be 133,880 x 77% = 103,000
So is that a terrible deal?
http://www.autotrader.ca/a/Porsche/9...o/5_24066892_/
MSRP 120,500 (Canadian) + options for a total of 133,880.
about 7000 miles
It's listed at 123,995, not including taxes and licensing. Doesn't look like it has CPO.
say we give 6 % back for a low mileage car,
so that's about 34-6% depreciation or 133,880 x 72% = 96,400.
Even if the dealer wanted to make a 5% profit it would be 133,880 x 77% = 103,000
So is that a terrible deal?
http://www.autotrader.ca/a/Porsche/9...o/5_24066892_/
Thanks,
#45
I'm officially confused. Lol. I purchased last April 2015 an 14 911 C2S with 5900 miles. 131k msrp for $89k. At that time it was selling more at Manheim. I estimated a loss of 7-8k per year. So what can I expect it to be worth now and in two years. I drive 6-7k per year.