992 depreciation?
11-08-2019, 11:53 PM
#16
Three Wheelin'
A $90k hit for 30k miles. Ooft, that’s brutal depreciation!
I traded my base cab 991.2 from 128 MSRP to 80 trade in. Exactly 3 years old. 18k miles. Sold for 85 recently
Before that, 991.1S cab. Bought for 118, traded for 78. 2 1/2 years, 12k miles.
Cabs and base lose more.
Low interest rates, I went w/ financing. For me, lease has not presented to be advantageous with P-cars. Mostly due to a combo of residual and money factor. Low mile program is not an issue for me.
BMW, Audi and Mercedes are clearly in the car rental business. Porsche not yet with sports cars. Yet.
Before that, 991.1S cab. Bought for 118, traded for 78. 2 1/2 years, 12k miles.
Cabs and base lose more.
Low interest rates, I went w/ financing. For me, lease has not presented to be advantageous with P-cars. Mostly due to a combo of residual and money factor. Low mile program is not an issue for me.
BMW, Audi and Mercedes are clearly in the car rental business. Porsche not yet with sports cars. Yet.
11-09-2019, 12:08 AM
#17
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I don't care how much money I would lose but I will never buy Black, Silver or White since I personally do not care about resale, and I bet many more feel the same way. I buy cars for me, not the next person, and if anyone does otherwise you are not getting as much enjoyment as you should be.
11-09-2019, 12:38 AM
#18
RL Community Team
Rennlist Member
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Aventurine Green is way too popular to pose any kind of problem when it comes to resale. Lizard Green? No problem on a GT3. Lizard Green, Lava Orange, and Miami Blue are louder than what most Porsche Carrera buyers are looking for, but they are fine on the GT cars.
11-09-2019, 12:51 AM
#19
Burning Brakes
I bet aventurine green gets the best resale. Bank on it
11-09-2019, 04:31 AM
#20
njcycleguy Is more or less spot on. I've done a lot of research on depreciation. The 1st model year will suffer the most with trends predicting the following:
MSRP: $122,540
Trade in after 1 year: $100,000 - $107,400
Trade in after 2 years: $88,900 - $95,200
Trade in after 3 years: $77,500 - $83,150
This assumes 5k miles a year. Worst case = $45k lost over 3 years. Best case = $38,000
You save around 10k by waiting a year, or even 9 months. it's really hard to find a lightly used car spec'd to your liking. I've seen a handful and they just weren't quite right and most of them were not in as good condition as they should have considering the low miles. The extra 10k is ensuring you get exactly what you want.
Oh yeh, leasing does give the benefit of not getting completely screwed should you get in an accident, even a minor one can tank the resale. Good luck getting a diminished value claim, it's not a fun ride.
MSRP: $122,540
Trade in after 1 year: $100,000 - $107,400
Trade in after 2 years: $88,900 - $95,200
Trade in after 3 years: $77,500 - $83,150
This assumes 5k miles a year. Worst case = $45k lost over 3 years. Best case = $38,000
You save around 10k by waiting a year, or even 9 months. it's really hard to find a lightly used car spec'd to your liking. I've seen a handful and they just weren't quite right and most of them were not in as good condition as they should have considering the low miles. The extra 10k is ensuring you get exactly what you want.
Oh yeh, leasing does give the benefit of not getting completely screwed should you get in an accident, even a minor one can tank the resale. Good luck getting a diminished value claim, it's not a fun ride.
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NigelPlays (11-09-2019)
11-09-2019, 12:18 PM
#21
njcycleguy Is more or less spot on. I've done a lot of research on depreciation. The 1st model year will suffer the most with trends predicting the following:
MSRP: $122,540
Trade in after 1 year: $100,000 - $107,400
Trade in after 2 years: $88,900 - $95,200
Trade in after 3 years: $77,500 - $83,150
This assumes 5k miles a year. Worst case = $45k lost over 3 years. Best case = $38,000
You save around 10k by waiting a year, or even 9 months. it's really hard to find a lightly used car spec'd to your liking. I've seen a handful and they just weren't quite right and most of them were not in as good condition as they should have considering the low miles. The extra 10k is ensuring you get exactly what you want.
Oh yeh, leasing does give the benefit of not getting completely screwed should you get in an accident, even a minor one can tank the resale. Good luck getting a diminished value claim, it's not a fun ride.
MSRP: $122,540
Trade in after 1 year: $100,000 - $107,400
Trade in after 2 years: $88,900 - $95,200
Trade in after 3 years: $77,500 - $83,150
This assumes 5k miles a year. Worst case = $45k lost over 3 years. Best case = $38,000
You save around 10k by waiting a year, or even 9 months. it's really hard to find a lightly used car spec'd to your liking. I've seen a handful and they just weren't quite right and most of them were not in as good condition as they should have considering the low miles. The extra 10k is ensuring you get exactly what you want.
Oh yeh, leasing does give the benefit of not getting completely screwed should you get in an accident, even a minor one can tank the resale. Good luck getting a diminished value claim, it's not a fun ride.
11-09-2019, 02:28 PM
#22
Three Wheelin'
It cannot be stressed enough that condition is king when it comes to resale to a private party... trade in is a whole other game. I tend to over maintain and keep pristine my vehicles and I always get top $$ on my resale....
that said, this car is a decade car for me... I likely will not sell it at that point, but rather just replace it as my primary car and keep it as a 2nd car. It will be a single owner car until it passes on to my kids.
that said, this car is a decade car for me... I likely will not sell it at that point, but rather just replace it as my primary car and keep it as a 2nd car. It will be a single owner car until it passes on to my kids.
11-09-2019, 02:56 PM
#23
RL Community Team
Rennlist Member
Rennlist Member
It cannot be stressed enough that condition is king when it comes to resale to a private party... trade in is a whole other game. I tend to over maintain and keep pristine my vehicles and I always get top $$ on my resale....
that said, this car is a decade car for me... I likely will not sell it at that point, but rather just replace it as my primary car and keep it as a 2nd car. It will be a single owner car until it passes on to my kids.
that said, this car is a decade car for me... I likely will not sell it at that point, but rather just replace it as my primary car and keep it as a 2nd car. It will be a single owner car until it passes on to my kids.
Driving logs are useful too, but I don't have the discipline to maintain one.:P
11-09-2019, 09:02 PM
#25
Race Car
Aventurine green is a very desirable color on 992s...
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992Sam (11-09-2019)
11-09-2019, 09:13 PM
#27
11-09-2019, 09:15 PM
#28
Three Wheelin'
