996 prices are on the rise. - Page 6 - Rennlist Discussion Forums



996 prices are on the rise.

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Old 03-19-2017, 02:36 PM   #76
johnireland
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Another factor to leasing is that many many people lease their cars through their businesses and write off a large portion of the cost from their taxes. If you are acquiring a car to keep, buying makes sense. If you turn them over every three years, leasing is better.

Dealers don't care if you buy or lease. Either the bank or the leasing company owns the car...for the dealer he just has the money in his pocket and the car off his books.

As for resale value of a three year old Porsche....unless it is a special limited edition, it will be taking its biggest hit in those first three years. Don't look at used Porsche retail asking prices to determine value...look at what the dealer will give you in trade. Your 3 year old Porsche will be worth 40% less than what you paid for it, not counting taxes and license fees.
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Old 03-19-2017, 04:18 PM   #77
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^ Good point, many corporations lease vs buying all the time.
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Old 03-19-2017, 05:42 PM   #78
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Quote:
Originally Posted by johnireland View Post
My sources say that people don't want to take the depreciation hit on a $100,000 dollar car that they are going to trade back in within 3 years for the next model. The purchase makes no sense to them. They modern Porsche buyer keeps the miles well below the lease limits and most new Porsche 911s will never see a 30k service from the first owner.
Finally there is someone with their finger on the pulse of the modern Porsche buyer. Thank you, I'm sick and tired of people just projecting their opinion a sense fact!
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Old 03-20-2017, 08:25 PM   #79
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Originally Posted by 808Bill View Post
And how much did you put down on that $700K house to get your payments to $1200.00
"How much is the bridge toll I must pay to go collect my lottery winnings?"
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Old 03-20-2017, 08:30 PM   #80
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Originally Posted by Bash Hat View Post
You're missing one important detail. Resale value. Just for ****z and giggles I priced out a base model 911 lease. $1199/month with $7199 down. After 3 years you will have paid a total of $50,363. KBB values a 2015 911 (currently 3 yrs old) at $73,367. Assuming I buy with $0 down and have a 3 yr loan, I pay $2932/month or a total of $105,552. I sell the car for $73,367 after 3 years then the car cost me $32,185 to own for the 3 years. By buying I am $18,178 better off. And that's assuming turning in the lease with no over mileage or damage charges.

There's a reason dealers love leases. They make more $$$ on them.

To clarify, I used a base 911 price of $92,500 with 9% sales tax and 3% int rate.
Thanks for a more complete example that factors in resale for the buyer. In summary:

Leasing.
Total payments are $50k
Resale proceeds are $0.
Total cost $50k

Buying.
Total payments are $105k
Resale proceeds are $73k
Total cost $32k

Conclusion: Buying costs a slightly more than HALF the cost of leasing.
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Old 03-20-2017, 09:42 PM   #81
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This thread has more life than the potential future appreciation of 996's.
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Old 03-20-2017, 09:44 PM   #82
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$32k and u can have it...(see right)
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Old 03-20-2017, 10:17 PM   #83
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Quote:
Originally Posted by b3freak View Post
Here's 5 year data on the Rennlist 996 popular 1999 Carrera:

Insurance actuarial is usually pretty accurate. That's how they make money, so having the right info on costs, and values determines premium rates.

What this tells me, is that we are in the nadir of depreciation curve, and prices have hit rock bottom(presuming no more engine surprises). The 928 is just coming out of its nadir, so there's a slow but noticeable climb now. It could be 2 or 15 years before the price starts to go up, but at least the worst is basically over.

I bought an Avanti 20 years ago because I was SURE they were right on the cusp of a huge increase. Sigh,,, still waiting.
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Old 03-21-2017, 01:38 PM   #84
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20 years from now 996>...
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