Oh no, not another depreciation question
05-09-2018, 12:24 AM
#1
3rd Gear
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Oh no, not another depreciation question
Hi,
i know from reading other posts that no one can really predict depreciation, but i want to see if followimg is valid or atleast in ballpark.
im looking to either upgrade to mercedes E-350 cab or a 997.2 coupe (id prefer cab but have seen other postings that coupes hold value better.)
so a low mileage 2015 E-350 cab will be in $35k range
a low mileage 997.2 coupe (2009 most likely) base model from $45-50k?
i sometimes only drive < 10 miles per week, typically 15-20, sometimes 30-50, and rarely > 50.
My car is garage kept and is cleaned and detailed often.
i need to be able to justify price of 997.2 to wife. So assuming same downpayment %, could i say take the 997.2 monthly car payments and reduce by 40-50% to get true cost when you factor in depreciation of 911 vs. the E-350? Is it at least in the ball park? Or is it simply not quantifiable? Thanks
i know from reading other posts that no one can really predict depreciation, but i want to see if followimg is valid or atleast in ballpark.
im looking to either upgrade to mercedes E-350 cab or a 997.2 coupe (id prefer cab but have seen other postings that coupes hold value better.)
so a low mileage 2015 E-350 cab will be in $35k range
a low mileage 997.2 coupe (2009 most likely) base model from $45-50k?
i sometimes only drive < 10 miles per week, typically 15-20, sometimes 30-50, and rarely > 50.
My car is garage kept and is cleaned and detailed often.
i need to be able to justify price of 997.2 to wife. So assuming same downpayment %, could i say take the 997.2 monthly car payments and reduce by 40-50% to get true cost when you factor in depreciation of 911 vs. the E-350? Is it at least in the ball park? Or is it simply not quantifiable? Thanks
05-09-2018, 12:47 AM
#2
Rennlist Member
997.2 Carrera might depreciate another 5-15% depending on model and options. knock off another 6-10% for every 10k miles you put on the car.
also, don't have an accident
Also, don't own during a recession
also, don't have an accident
Also, don't own during a recession
Last edited by nwGTS; 05-09-2018 at 01:06 AM.
05-09-2018, 12:57 AM
#3
Three Wheelin'
I don think you are going to see much depreciation on the 997, as long as its a 6MT coupe. I've actually seen a bit of appreciation on low mile cars over the last 18 months, particularly 997.2. On the other hand, the 991.1 looks to have had a pretty steep drop with prices starting to trade lower than 997.2's.
I wouldn't shy away from the 997.1 either. You are going to get a lot better selection in your price range. I saw a low mile X51 with PCCB brakes go for $50k on Bringatrailer.com. I take that over a base 997.2 anyday.
I wouldn't shy away from the 997.1 either. You are going to get a lot better selection in your price range. I saw a low mile X51 with PCCB brakes go for $50k on Bringatrailer.com. I take that over a base 997.2 anyday.
05-09-2018, 01:33 AM
#4
Rennlist Member
05-09-2018, 01:58 AM
#5
Nordschleife Master
Hi,
i know from reading other posts that no one can really predict depreciation, but i want to see if followimg is valid or atleast in ballpark.
im looking to either upgrade to mercedes E-350 cab or a 997.2 coupe (id prefer cab but have seen other postings that coupes hold value better.)
so a low mileage 2015 E-350 cab will be in $35k range
a low mileage 997.2 coupe (2009 most likely) base model from $45-50k?
i sometimes only drive < 10 miles per week, typically 15-20, sometimes 30-50, and rarely > 50.
My car is garage kept and is cleaned and detailed often.
i need to be able to justify price of 997.2 to wife. So assuming same downpayment %, could i say take the 997.2 monthly car payments and reduce by 40-50% to get true cost when you factor in depreciation of 911 vs. the E-350? Is it at least in the ball park? Or is it simply not quantifiable? Thanks
i know from reading other posts that no one can really predict depreciation, but i want to see if followimg is valid or atleast in ballpark.
im looking to either upgrade to mercedes E-350 cab or a 997.2 coupe (id prefer cab but have seen other postings that coupes hold value better.)
so a low mileage 2015 E-350 cab will be in $35k range
a low mileage 997.2 coupe (2009 most likely) base model from $45-50k?
i sometimes only drive < 10 miles per week, typically 15-20, sometimes 30-50, and rarely > 50.
My car is garage kept and is cleaned and detailed often.
i need to be able to justify price of 997.2 to wife. So assuming same downpayment %, could i say take the 997.2 monthly car payments and reduce by 40-50% to get true cost when you factor in depreciation of 911 vs. the E-350? Is it at least in the ball park? Or is it simply not quantifiable? Thanks
05-09-2018, 02:06 AM
#6
997 all the way! The MB will depreciate down to zero. No matter how many miles are on the 997, I don't see it much below 30k. In 5 years, you will be listing the MB for $7500.
With that said, if you really want "economical", buy a 1st-gen Toyota Tacoma 5-speed. Those things can be driven for free, and even appreciate in the right market. Mine did! It was worth more at 190k miles than it was at 150k miles.
With that said, if you really want "economical", buy a 1st-gen Toyota Tacoma 5-speed. Those things can be driven for free, and even appreciate in the right market. Mine did! It was worth more at 190k miles than it was at 150k miles.
05-09-2018, 02:31 AM
#7
Burning Brakes
I think the remark that coupes hold their value better is nonsense. That may have been true with initial depreciation, but it would be damn hard to prove now that the 997.2 is 5 - 9 years old and on the second or third owner. Go to CarGurus, select a given year and model in both coupe and cabriolet form and tell me you can find a pattern. Remember, everything is an expensive option on a 911.
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05-09-2018, 08:02 AM
#8
Rennlist Member
These discussions just make me shake my head. Paralysis by analysis, and meanwhile life's pleasure keep just floating by, while you stand on the sidelines and watch.
As to the cars, not even close. If you want to dally to the golf course on Sundays, by the MB E 350 cab; if you want a sports car to carve the canyons or do an occasional track DE, by the 997. If you want something that will hold value, buy a Monet or pump the cash into a mutual fund of some sort. If you need your wife's sign-off/permission, then ask her to pick. Sorry not trying to be brutal, but sometimes you just need to go for what will give you enjoyment, since after all, that's the only thing a Porsche is for. Look for and buy a 997 cab, and report back with pictures
As to the cars, not even close. If you want to dally to the golf course on Sundays, by the MB E 350 cab; if you want a sports car to carve the canyons or do an occasional track DE, by the 997. If you want something that will hold value, buy a Monet or pump the cash into a mutual fund of some sort. If you need your wife's sign-off/permission, then ask her to pick. Sorry not trying to be brutal, but sometimes you just need to go for what will give you enjoyment, since after all, that's the only thing a Porsche is for. Look for and buy a 997 cab, and report back with pictures
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Gregory Stiel (02-04-2020)
05-09-2018, 09:48 AM
#11
Completely valid question. I do this crystal ball calculation all the time, I don't care what the price of the car is, it's the entry vs exit point and running cost. Depreciation is the killer for most cars so a 997 can be a low cost option in the luxury sports car world.
Also how about a 997.1 that is lower on its depreciation curve? However, I do see that over the past few years 997.2 depreciation has slowed.
my sales pitch to the wife on a 997 as a third car is that her minivan loses more value than my 997.1 with low miles.
Also how about a 997.1 that is lower on its depreciation curve? However, I do see that over the past few years 997.2 depreciation has slowed.
my sales pitch to the wife on a 997 as a third car is that her minivan loses more value than my 997.1 with low miles.
05-09-2018, 09:58 AM
#12
Drifting
Permission will be based on what car the wife likes driving.
If she is allowed to drive either car??? You estimate 10k per year?
If wife likes the car, she will add an additional 8000 miles onto your projected maximum millage.
Get the car she will hate, thus keeping the millage down, and keeping your depreciation to a minimum.
If she is allowed to drive either car??? You estimate 10k per year?
If wife likes the car, she will add an additional 8000 miles onto your projected maximum millage.
Get the car she will hate, thus keeping the millage down, and keeping your depreciation to a minimum.
05-09-2018, 10:05 AM
#13
3rd Gear
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Thanks for feedback
thanks to all for the feedback. I’m glad to hear coupe vs cab argument doesnt hold water. Some of you dont understand though that i’ve never paid $50k for a freaking car before! And my wife cant grasp the concept of credit card intetest, so not sure about depreciation either. Its not as simple as “buy the car youll enjoy the most”. I wish it was. If i buy $50k car, then she’ll want one too. But i guess thats white people problems, eh?
Actually just saw a low mileage 2009 S Cab come on market near me < $50k. Might be time to put my salesmanship skills to the test.
Actually just saw a low mileage 2009 S Cab come on market near me < $50k. Might be time to put my salesmanship skills to the test.
05-09-2018, 10:08 AM
#14
Rennlist Member
thanks to all for the feedback. I’m glad to hear coupe vs cab argument doesnt hold water. Some of you dont understand though that i’ve never paid $50k for a freaking car before! And my wife cant grasp the concept of credit card intetest, so not sure about depreciation either. Its not as simple as “buy the car youll enjoy the most”. I wish it was. If i buy $50k car, then she’ll want one too. But i guess thats white people problems, eh?
Actually just saw a low mileage 2009 S Cab come on market near me < $50k. Might be time to put my salesmanship skills to the test.
Actually just saw a low mileage 2009 S Cab come on market near me < $50k. Might be time to put my salesmanship skills to the test.