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992.2 and used cars price drop

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Old 01-20-2023, 09:21 PM
  #16  
Cokerrat
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Originally Posted by ipse dixit
I do not understand anyone buying anything only looking forward to selling it down the road. Might as well not buy it and cut out the middle process, at least that’s what Occam would say.
Eh, some people look at things as the likely cost for buying that experience. Want to own a Porsche for a couple of years? It’s reasonable to consider what the likely out-of-pocket cost will be for the full cycle. Frankly this is a point in the 911’s favor compared to direct competitors like the AMG GT. Anyway, if that’s what OP is going for, I agree getting a ‘20 is going to result in the least net cost for a couple or three year ownership stint. I think you have to assume used prices return to normalcy 2 or 3 years down the road — or rather, I think you’re taking undue risk if you assume anything else.
Old 01-20-2023, 09:38 PM
  #17  
Ray K.
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Based on the lack of allocations I’m guessing there will be relatively few 2023’s. I assume the resale will be strong for quite a while.
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Old 01-20-2023, 09:51 PM
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Originally Posted by ets23
Hello,

I’m about to buy a 992 4s my only concern is that the 992.2 is about to come soon and the price of my 992 could be have a major drop right after I buy it. I’m planning to keep it for about 2 years, what do you think is gonna happen to the prices of the 992.1 once the 992.2 will be announced?

thank you

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Old 01-20-2023, 10:23 PM
  #19  
Shogunade
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Originally Posted by Cokerrat
Anyway, if that’s what OP is going for, I agree getting a ‘20 is going to result in the least net cost for a couple or three year ownership stint.
IDK about that. Say OP gets a 20 at $10k under sticker with less than 10k miles. And lets say the car is CPO, so warranty will end in 25. If he buys it now, he'll have 1.5 years warranty. So when he goes to sell, there'll be no warranty left, 5-15k miles more on it, it'll then be a 2 owner car and most likely pricing will have normalized.

He'd probably take a bigger hit with that than buying one brand new then selling that in 2-3 years.
Old 01-21-2023, 12:56 AM
  #20  
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OP - I would consider a pre-owned 911, any year, that you feel comfortable purchasing and not worrying about depreciation. It's just not worth it, whether it's a Ferrari, Lambo, or Porsche, etc. When the cost and future value is in your head it won't go away after you buy any car. Another way to look at it is, how much are you willing to pay to drive the 911 over the next two years. It doesn't matter what the market does, you make a decision on what you're willing to part with. Good luck!
Old 01-21-2023, 12:13 PM
  #21  
malba2366
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Originally Posted by detansinn
Mileage doesn't have as much influence on value as people think. I drove my 992C4S 35k miles in 2 1/2 years and got darn close to what I paid for it new -- just a couple bucks off from the price that I would have gotten if it had 5k miles, which would have been boring. Drive your cars!
Due to the timing you bought and sold in, your experience is not likely to be replicated anytime soon.
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Old 01-21-2023, 10:18 PM
  #22  
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Originally Posted by detansinn
Mileage doesn't have as much influence on value as people think.
Ed Bolian mentioned on a recent TST podcast that he factored in 0.5% (of MSRP) depreciation per 1k miles driven when buying and selling supercars for his old rental business.
Old 01-22-2023, 01:52 AM
  #23  
detansinn
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Originally Posted by Nein Eleven
Ed Bolian mentioned on a recent TST podcast that he factored in 0.5% (of MSRP) depreciation per 1k miles driven when buying and selling supercars for his old rental business.
Use as a rental car is so detrimental to a car’s value that CarFax flags it with a warning. It’s nearly as much of a hit as a Salvage Title… and rightly so.
Old 01-22-2023, 04:23 AM
  #24  
ipse dixit
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Originally Posted by Cokerrat
Eh, some people look at things as the likely cost for buying that experience. Want to own a Porsche for a couple of years? It’s reasonable to consider what the likely out-of-pocket cost will be for the full cycle. Frankly this is a point in the 911’s favor compared to direct competitors like the AMG GT. Anyway, if that’s what OP is going for, I agree getting a ‘20 is going to result in the least net cost for a couple or three year ownership stint. I think you have to assume used prices return to normalcy 2 or 3 years down the road — or rather, I think you’re taking undue risk if you assume anything else.
At some point it becomes paralysis by analysis.

Just buy the car you want. Drive. Rinse and repeat.

Everything else will take care of itself.
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Old 01-22-2023, 06:22 PM
  #25  
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Originally Posted by detansinn
Use as a rental car is so detrimental to a car’s value that CarFax flags it with a warning. It’s nearly as much of a hit as a Salvage Title… and rightly so.
I was talking about mileage impact on resale value, not rental nor salvage status. Don’t rely on CarFax reports since anything can be hidden/scrubbed and never buy a used car from Florida.
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