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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.
based on what you've provided, you got a great deal....as you said, you bought it cheaper than the car would trade at auction. there's nothing in residual statistics/metrics that account for sales that occur outside the norm (private party, uniformed seller, desperate seller, whatever).
anyone lease a 991.1/991.2 of late? looking to see where residuals are today (versus lease residuals established years ago) for 1yr (i have a 2yr myself), 3yr, 4yr, and 5yr leases so to update the data found in the OP.
This is a great thread and was helpful in targeting pricing. This makes a lot of sense to me as it lays out what I was doing previously in using the depreciation rates from manufacturers as a ballpark, but this is much more detailed which is great.
This car was listed around $84 and change and is CPO'd and the price then came down in the high 70s with discussion. I feel that is fair given the options and color. Thanks for putting this together!
I originally leased my car for 5 years thru PFS....... then after 2 months I purchased it and financed at 1.99%.(i think the dealer gets screwed on this type of deal as they add on a % rate for themselves when they do the deal with PFS) for 5 years......My payments went down $500 per month and I own the car after 5 years. This seemed like a no brainer.......This is a car I will keep.....My last 911....I kept my other 911 26 years.... I lease my other Porsche cars....3 year lease....
Information is always good, but I think the accuracy of lease depreciation based valuation gets fairly skewed especially on cars more than a couple of years old.
eg:
2012.5 C2S. Original sticker of 128K, mileage of 24K. Near perfect condition, perfect carfax.
Example car is now 4 years old, so 42% total depreciation, with a 4% add for low mileage, so 38% total depreciation.
That would put the value of this car at $79,400. Except that price is way off of market value. $80K will easily buy you a 2013 or even 2014 with CPO, not a 2012.5 non CPO Car.
I'd put full private market value of a car like the example above at $72K, maybe $74K ask from a dealer, and below $70K if you were getting a good deal. That's a huge difference from the $80K value the depreciation-based calculations give us...
I originally leased my car for 5 years thru PFS....... then after 2 months I purchased it and financed at 1.99%.(i think the dealer gets screwed on this type of deal as they add on a % rate for themselves when they do the deal with PFS) for 5 years......My payments went down $500 per month and I own the car after 5 years. This seemed like a no brainer.......This is a car I will keep.....My last 911....I kept my other 911 26 years.... I lease my other Porsche cars....3 year lease....
Interesting. How did this work and what was the purchase price compared to MSRP?
This thread has potential, but it looks like we're talking mostly used cars and/or leases. What about those of us who have a new car on the menu? What should we be expecting, understanding that more is better, but trying to be realistic?
8%, 10% off MSRP
FWIW, I'm planning an order for Atlanta delivery, so I can use any dealer I want to who has allocation and is willing to play.
This thread has potential, but it looks like we're talking mostly used cars and/or leases. What about those of us who have a new car on the menu? What should we be expecting, understanding that more is better, but trying to be realistic?
8%, 10% off MSRP
FWIW, I'm planning an order for Atlanta delivery, so I can use any dealer I want to who has allocation and is willing to play.
On leftovers, more than that.
On new allocations, less than that.
6% off on a new allocation order is about all I've seen.
This thread has potential, but it looks like we're talking mostly used cars and/or leases. What about those of us who have a new car on the menu? What should we be expecting, understanding that more is better, but trying to be realistic? 8%, 10% off MSRP FWIW, I'm planning an order for Atlanta delivery, so I can use any dealer I want to who has allocation and is willing to play.
It's different everywhere but mostly it's determined by your actions. Your goal is to get a great deal.
I would recommend building your car with the configurator and having a conversation with a few of the in house car builders who spec out new rides for the dealer. They can tighten up your build. During this face time don't talk price. Just get a sense of how many allocations they have available. Make note and go to the next dealer. If they want to give you a price fine. Don't respond.
Once you have a firm build sheet with zero changes email to the contacts you made at the dealerships and negotiate pricing that way. You should go to three to five if Atlanta has that volume.
See what their best offer is over email say thank you. Get 3-5 prices and work them all down with a few phone calls. DO NOT VISIT IN PERSON. Once they say they can do any lower shave a few more points off and go back to the dealer who you want to work with.
You can say. "I got 8% off from P Atlanta. I'd rather work with your shop however even though it's farther etc..... If you can do 10% I can validate the distance of your shop and can sign today"
Not sure if 10% is out there but I can assure you you will get a great price.
Thanks for the suggestions. I'm basically doing that with two dealers now, but can expand as necessary. I haven't spoken to either about price yet, but am finalizing my build.
For clarity, I'm not in Atlanta, but am planning a delivery to the Porsche Atlanta PEC.
I would shoot for 8-9% based on comments but ask for 10. I was able to get 10% off on my GTS but mine was on the lot so I had more leverage. I was offered 7% off on a 991.2 build from a SoCal outfit back in October 2015.
Which dealer in So Cal were you able to get a 7% off for a 991.2 build? I am inquiring about a 991.2 build and I was given the response that build allocations are "limited" for the new C2S but, "We can probably pull some strings and do something for you...." That means....MSRP + Over Sticker!
I cannot speak for dealers in other areas, but Los Angeles dealers seem to experiencing such a high demand or seemly so, and make it seem like they are doing you a favor in allowing you to buy a car from them. What ever happened to a sales manager trying to earn your business?
05-03-2016, 11:52 PM
