Is 992 depreciation dead?
#1
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Is 992 depreciation dead?
https://youtu.be/ewpDvoXaB7Y?feature=shared
#2
Rennlist Member
Cmon man, post the tldr. I’m not watching a video with a clickbait title
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#3
Burning Brakes
Who cares? I buy my cars to drive them, not as instruments for my portfolio... SMH.
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#4
RL Community Team
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#5
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#6
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#8
I think part of the reason is MSRP increase by Porsche itself, as essentially there is no difference between 22 or 24 MY except nearly a 10% increase in price that covers the depreciation to some extent. Depreciation rate may increase with launch of .2, but at the same time it will be even more expensive than .1 to begin with.
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#9
It will hold its value until it doesn’t. Then it will be worth less than it is now. Eventually it will become sought after by collectors and the prices may pass MSRP. In real dollars that may or may not be higher than new.
Rinse, repeat.
If singer starts backdating them, resale will have no correlation to reality.
Rinse, repeat.
If singer starts backdating them, resale will have no correlation to reality.
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N3DXT (05-16-2024)
#10
Rennlist Member
911s in general have historically held value the best compared to other cars. The only car in the same category is the Jeep Wrangler. Both icons that have retained their basic shape for decades. I wonder how much has to do with that.
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justabout (05-18-2024)
#11
Rennlist Member
Historically, since about 2002 through today, it’s about 15 years for the 911 to start to bottom out, and about 20 years before it starts to appreciate from that bottom.
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alaris (05-15-2024)
#12
honestly. while tiring the manual T today on Dallas free way traffic!!! I had so much fun (stop and gooooooo) that I decided that am not gonna worry about resale and depreciation and just drive this..
for that sort of worry worry, I have a 1987 targa with low miles .
for that sort of worry worry, I have a 1987 targa with low miles .
#13
Makes me want to add a manual T just to enjoy without worry!
#14
RL Community Team
Rennlist Member
Rennlist Member
It will hold its value until it doesn’t. Then it will be worth less than it is now. Eventually it will become sought after by collectors and the prices may pass MSRP. In real dollars that may or may not be higher than new.
Rinse, repeat.
If singer starts backdating them, resale will have no correlation to reality.
Rinse, repeat.
If singer starts backdating them, resale will have no correlation to reality.
I would not buy any modern 911 with the idea that it will somehow be a collectible. In 25 years, no one will be out there looking to drop insane money on a mint low mileage 992.1 GTS.
Singer is actively being sued by PCNA for appropriating the Porsche brand, trademarks, and heritage. They first got themselves into real trouble with Porsche when they did that Rally car with Porsche logos emblazoned upon it. The DLS and the Turbo are their latest transgressions with the Porsche trademarks and heritage. Porsche is past the cease and desist stage with Singer. It’s quite likely that Singer will not be able to operate as they have going forward.
#15
The recent large price increases are one of the main reasons for little depreciation.
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