hankinjax

Any ideas what i can expect in depreciation in 2 and 3 years on a 992 S coupe ($131k) I am trying decide between paying cash or leasing I only keep cars 2 to 3 years. Thanks

John Mclane

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.

detansinn

Agreed. Porsche clearly isn't subsidizing their leases. It's not worth it at all. Buy the car.

verstraete

I recently traded in my 2017 991.2 C2S "stripper" coupe, purchased, August, 2016, MSRP $106K, discounted original purchase price, $100K, for $72.8K, with 7K miles..

daddyscar

In October the residual on a 36 mo lease for a 992 Carrera S Cab was 58%. https://forums.edmunds.com/discussio...1-s-2020-lease

May be hard with a Carrera, but our last two leases had some equity at the end of the lease where we they were traded in instead of just turned in (dings, scratches and all). Just because you lease, it doesn't necessarily mean you have to turn it in at the residual value. Pretty nice to have an agreed on value on a $100k+ car three years from now.

Also in CA, you only pay sales tax on 42% of a car with a 58% residual if you keep it for 3yrs. May not be a factor where you live.

John Mclane

That is a factor to be taken in consideration as of 2020 in tax-prone Illinois. The stealerships are oddly quiet about that. I think the high end stealers are expecting people not to notice that. That's quite important bc it takes away one of the few reasons to trade your car with them. The stealerships evaluations on used cars are notoriously terrible in IL. Selling to Carmax may be competitive as the tax break goes away.

Im moving to FL, alligators and all....

daddyscar

Wish we received a sales tax credit on trade-ins in CA.

njcycleguy

So if you're talking strictly dealer wholesale/trade figures - I would guess you're going to lose about $50k (you may be able to get more selling privately but these days, everyone finances or leases since dealers make it easy to sign and drive especially on regular 911s - good luck finding someone to pony up privately for your car)

Figure Porsche builds in about 10% to their cars. So a $131k build is about $118k invoice to the dealer. The minute you drive off the lot, subtract $10k from invoice.

Subtract another 10k once you put a few thousand miles on it within the same model year, and about $10k per year thereafter if you keep the mileage within 5k per year.

Example - $131k base - worth around $110k the minute you drive off the lot and it's titled to you - year 1 with some miles $100k - year 2 (under 10k miles) $90k - year 3 (no more than 15k miles) $80k.

Oh - and let's not forget to factor in the color you picked.

Best exterior colors for resale - Silver(s), Black(s), White(s), Grey(s)
Worst exterior colors for resale - Red, Blue, Green (any variation)

Best interior colors for resale - Black, Beige, Grey, Red
Worst interior colors for resale - anything other than the above and anything with "full" color interiors (esp red)

Subtract another $5k for a bad interior or exterior color - and possibly up to $10k for a combo of bad interior and exterior.

sansan

Does Aventurine Green count as green or grey? Haha

rhr992c4s

I have noticed a lot of discussion about discounts up to 5%, and in some cases more. Where I live, it’s hard to get a discount, I have to pay pretty close to MSRP. The flip side is that the dealer pays top dollar for used vehicles, they can sell them for more. Lease returns are rare, most 911s have equity, and are purchased and traded in even if the owner wants a new car. If the dealers are discounting new vehicles heavily in your market, you can bet that will also impact the used market.

rk-d

It’s a new model. I’d buy the car. Porsche is not doing you any favors with leasing. You’ll probably come out ahead on the flip (compared to lease) in 2 years, assuming you don’t put a ton of miles on it.

rhr992c4s

There are a lot of variables in the purchase vs lease decision, and a lot of it is personal and what makes sense for one person doesn’t make sense for another. How long do you plan to keep the car? What are the interest rates? How much capital do you want tied up in the car if you can get a better return with the money elsewhere etc...

Where I live , cars over $150k are taxed at 26%. There is a obvious tax advantage to do a short term lease until the cars buyout falls below $125k and then buy it out. If you plan to buyout the car anyway, the lease residual isn’t very important. What matters is the total interest over the lease term.

njcycleguy

That one is def green. GL to anyone on resale on that one. For those that say "Ill never sell" more power to you, get what you want. Just don't cry when you inevitably change your mind and sell and the dealer gives you $5k less than if it were black silver or white.

rhr992c4s

Aventurine green is subtle and seems to be very popular. I don’t think it will suffer much additional depreciation. Lizard green might be tougher on re-sale. I 100% believe everyone should spec the car that they want, and not worry at all about spec’ing the car for next owner.

TAch Miami

If worried about depreciation just lease the car. You can always sell it on your own if the car exceeds the residual. A reported accident and being properly repaired will have no affect upon lease return. If you owned it, accident disclosure could negativity affect resale.