Leverageconsult

So my friend is an owner of an exotic dealership here in South Florida. He told me with the release of the 991.2 and being that it's totally a different car that the value of the 991 will drop by probably 20%. Is this something I should be concerned with? I really do not want to take a hit. The warranty on my car is up in two years. I have a balloon on my car into years of 57,000. Based on the math from prior 997 when I was four years old it wasn't below that figure. Any thoughts?

Gus_Smedstad

I wouldn't put too much stock into your friend's predictions.

Sentiment here tends to run the other way. Lots of complaints about moving away from NA engines. That's overblown, too.

In any case, I'd never sell a car I was enjoying driving based on fears about resale value.

9914s

May I ask what car he wants you to buy?

Leverageconsult

Lol. He doesn't want me to buy anything. He just mentioned that the price of the new 991 did not increase so therefore more will opt for newer and better.

todd92

1) It's not a totally new car.
2) No car drops 20% overnight because a new model is released.
3) Your 'friend' sounds dishonest.

R_Rated

I'll buy yours for 15% less today. It'll hedge you.

STG

+1

The weed in FL must be pretty good.

If anything, look at the used 991.1 market. Been holding strong with "deals" hard to come by.

FYI. ALL cars will be subject to depreciation. Expect the norm on the 991.1

Your car has taken big hit as is. No big "drops" in sight. Just slow steady deprecation. You're in a good spot now with it having slowed down considerably.

Sell and buy what?? Another car that will still depreciate??

Roosell

Wow, I feel a little bad for you reading this. I don 't think it's going to drop in value 20% without first landing topside down in a ditch, but it almost certainly will depreciate. Nearly all cars do. I hate to see someone privileged enough to be in a special car unable to enjoy it due to worry.

Take your car for a drive, give her (him, NTTATWWT) a name, and talk to her. Wash her, wax her, and go visit her in the garage before bed time each night. Make that bond, and the pain of depreciation fades from memory.

Porsche_nuts

What Roosell sez.

If you are worried about depreciation, Porsche 991 should not have been the car to buy.

Michael_s

Did it cross your mind that your "friend" simply wants to scare you so you sell him your car (or some other sale method) so he makes money?? Can't imagine you missed that.

chio4

you might want to rethink who your friends are! esp ones that own a car dealership! they sometimes rap you more!!

white6speed

No disrespect to your friend but the last place I would ever buy a car from would be an "exotic" car dealer in south Florida. There is a tv show on one of the cable channels that showcases a guy and his blond put together wife that epitomizes a south Florida car dealer in my opinion. There are more concrete opinions from real world Porsche guys on this forum than any other source and these guys have no agenda.

DerekS

Archimedes

Your car has already depreciated 20%+. The .2 will have no impact, positively or negatively, on the value of your car. Your friend is a dope.

Chris C.

Typically a new model (or refresh) always slightly increases depreciation on existing models, HOWEVER it's priced into the depreciation curve already as the refresh cycles are well known and banks are good at setting residuals to manage risk.

There is undoubtedly a lot of FUD that will cause people to react and create near term cavitation, but the 991.2 is not going to impact the value of your car in any unpredictable way.

I'd call bull**** on your buddy.