sk911

This is from Blackbook...used by many dealers to determine trade-in and retail values.
For this car, looks like low trade-in value is around $85K with a "clean" retail of $119K
The added value you see in the "Mileage" columns is because Blackbook will give cars driven under 15K miles a year additional value. Porsche usually does not add in the 15K miles per year value when evaluating a car for trade-in but may add it to the retail value.

Most Porsche dealers operate on a minimum 20% profit model for CPO's.
They usually only offer "rough" trade-in values to customers, but after it's been CPO certified miraculously the car usually will have a "Clean to Extra clean" value.
Very rarely do you see them drop below that 20% profit margin, especially for 992's.

Nein Eleven

That build is probably $135k nowadays, for reference. The only potential dealbreaker is the omission of Sport Chrono. Also, the 2020s have PCM5 so they lack full screen CarPlay and a few other UI improvements, and they also don't have comfort access, I believe.

Johnson369

I found another very similarly specced vehicle (same color, similar options) but an S. The two options I have are as follows, and for sake of argument suppose the options are identical across both vehicles. Which is a better "deal"? I don't feel I need the extra power that an S provides, but understand they allegedly hold value better. Now that I've found two vehicles which check all the boxes for me, I am interested in minimizing future losses by choosing the vehicle that will depreciate less.

Option 1:
2020 Base Carerra CPO
20k miles
MSRP: $120k
Sale Price: $105k (incl. shipping)

Option 2:
2021 Carerra S CPO
36k miles
MSRP: $136k
Sale Price: $115k (no shipping req'd)

shrimp money

You’re trying to find a deal in your budget, I get that.

In the 911 world, those are really high miles. You will lose more buying these examples over buying a new one and driving it for two years.

Johnson369

Hmm - how does that make sense? Why would a brand new 911 depreciate less than one with 20k or 35k miles?

Nein Eleven

Lmao, no point buying a reliable, everyday sports car and treating it like some vintage Ferrari that needs to be bubble wrapped. There's tons of 911s out there with six digits on the odometer. Jeff Rhoades is at 150k on his 2017 C4 already.

I vote for Option 2. You'll get the difference in sales price back when you go to sell, the updated features from 2021 are meaningful, and being able to see before you buy/skip the risk of shipping is worth paying up for. And despite what shrimp says, that's a $150k+ car new nowadays so once you factor in tax, opportunity cost, etc. you're not really saving anything by going new. Plus you won't worry about putting miles on it.

sk911

1. Probably the odds are that you will not drive the car 10-15K miles a year.
2. You didn't state how many previous owners on those cars...a new car you buy would be a one owner vehicle when time to sell
3. Its brand new, so it will have a higher dollar start point in regards to depreciation than a high mileage 4–5 year-old car

You'll find everyone here on the board is super helpful when someone post assistance, but I think you will find in your search for a cheap 992 that it's like trying to find a needle in a haystack. A 992 is a 992...highly sought after and expensive to buy/ maintain. Bargains may be out there, but they are very, very rare. Those sale price numbers look a little low ...almost wholesale pricing. I think if a dealer is really looking to clear some aging inventory, selling a CPO at rock bottom pricing isn't usually one of their routes of unloading...especially since they have to warranty it for another 2 years. 992's selling at low bargain pricing usually have issues, or smaller non- Porche dealers buy them to sell. Heck...I've even seen Porsche dealers buy from the private lots. then turn around and CPO a car.

When looking at a used 992...even a CPO you have to really be a detective regarding all the previous maintenance and owner history.
What's your plan to complete all the maintenance ...have you checked pricing (labor and parts)...it's not cheap and sometime repairs can be very complicated.

Are you saying both these are at Porsche dealers...if they are not, there isn't any CPO warranty...meaning the 2020 car is either out of warranty or will be sometime in the next 5 months. The 2021 will be in the same boat next year.

I really get trying to stay within a certain budget and just about every sports car enthusiast desires to be a 911 owner (newer or older), you just want you be sure this model is the car for you.

A wise multiple Porsche owner told me a long time ago...Buy the Porsche you can afford to maintain, not the one that is the cheapest.

Good luck with your search!

Res Ips

Seriously, I think it's over priced for a 2021, more or less base spec C2. No sport exhaust and a not so good interior.

If you're willing to spend 110 you can find better - perhaps in other states. It''s worth a little more effort on your part.

Comfortable seats like the 18 way are worth every cent extra that you pay. Sport exhaust is a really nice option BTW...

One other thing the Bose system isn't real great.

Res Ips

ps...look for something with a few less miles...

shrimp money

There's no way the cost of putting on 36k miles on a '21 Carrera S is only $21k (in depreciation). I realize they hosed the person trading it in, so the number is a little skewed. The trade in was probably $90k.

In regard to how you'd lose less on a new one. my '22 GTS was $155k MSRP. I just checked with a local dealer and they offered $154k automatically without seeing it. They said it could go up if it's really clean. I have 3,1xx miles on it.

shrimp money

My post has nothing to do with reliability, it's perception. A 15k mile car is going to have a higher value than a 150k mile car, with all else being equal. I'm certainly not ok with only paying $15k less for a car with 10x the milage.

Nein Eleven

How is that even an option here?