How much can I expect my 911 to depreciate?
#1
How much can I expect my 911 to depreciate?
I am in the market for an '09/'10 911 cabriolet. Not sure, yet, on which particular model but my budget is between 65 and 75k.
How much, more or less, can I expect it to depreciate over the first 1-3 years after I make my purchase?
How much, more or less, can I expect it to depreciate over the first 1-3 years after I make my purchase?
#2
Depends on how you care for it and how many miles you put on it. Are you a smoker, will you track it, will it be garaged, etc. all play into it. Also depends on how much you pay for it initially and whether you pay more than market. With that said, $10-15K (retail) over two years perhaps if you keep it in good shape and keep the miles fairly low.
Retail on my '09 is about $10-12K less than I paid two years ago.
Retail on my '09 is about $10-12K less than I paid two years ago.
#3
Depends on how you care for it and how many miles you put on it. Are you a smoker, will you track it, will it be garaged, etc. all play into it. Also depends on how much you pay for it initially and whether you pay more than market. With that said, $10-15K (retail) over two years perhaps if you keep it in good shape and keep the miles fairly low.
Retail on my '09 is about $10-12K less than I paid two years ago.
Retail on my '09 is about $10-12K less than I paid two years ago.
#5
#7
Just to give you a frame of reference, you can find two year old 911s with less than 15K on the clock all day long.
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#8
Rennlist Member
One of the biggest factors would be what you end up buying, I bought a 2010 C2S with 3000 miles, it was basically Brand New so I paid a Premium, but I knew that going in. If I put 12k miles a year on it the depreciation would be higher than if I bought one with 15k miles on it and did the same. I do not plan to sell in 2-3 years or put 12k a year on it, maybe 4-5 years from now I will get the itch for something Newer, but I have almost 4 years of CPO I am utilizing first.
Good Luck
Good Luck
#9
Three Wheelin'
Join Date: Jan 2007
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There's a curve. 1 year 8,000, 2nd year 7,000, 3rd year 6,000. That is just a rough estimate, not exact. Buy the 09, it has already taken a bigger depreciation hit up front and is indescernable from the 10 model.
#10
#11
RL Community Team
Rennlist Member
Rennlist Member
Do the math....
I just purchased 2009 C2S Coupe with 27K miles for $54,400 including shipping in the first week of February. The thing stickered for just over $110,000. I had the Manheim auction prices for C2S coupes, nationwide, for the prior month and figured the auction price to be around $53K or so.
The Manheim auction price is your price floor. The data I had showed prices all over the place and I didn't understand the "condition" real well..... but I eye-balled it to be about $54... maybe a tad lower. I learned a few things:
1 - Options don't count at auction except maybe (just maybe) transmission type
2 - Consumer selling price is set by what they can get you to fork over.. in other words, shop around, be patient and firm. Be prepared to say no and don't fall in love with the first girl you meet at the dance... I almost did... I almost purchased a C2 base model, no options, for $56 a few weeks earlier. Whew!!!
3 - Cabriolet's go cheaper at auction than coupes.... or maybe the same.... but they apparently devalue faster.
Sorry I don't have more science but I think this data was good enough for me at the time. I spent about three months looking.
Bruce
The Manheim auction price is your price floor. The data I had showed prices all over the place and I didn't understand the "condition" real well..... but I eye-balled it to be about $54... maybe a tad lower. I learned a few things:
1 - Options don't count at auction except maybe (just maybe) transmission type
2 - Consumer selling price is set by what they can get you to fork over.. in other words, shop around, be patient and firm. Be prepared to say no and don't fall in love with the first girl you meet at the dance... I almost did... I almost purchased a C2 base model, no options, for $56 a few weeks earlier. Whew!!!
3 - Cabriolet's go cheaper at auction than coupes.... or maybe the same.... but they apparently devalue faster.
Sorry I don't have more science but I think this data was good enough for me at the time. I spent about three months looking.
Bruce
#12
Drifting
What happens say 2-3 years from now when 991s starting hitting the used market, example lease returns etc.
I think it's very likely possible certain 997 models will have another hit in depreciation.
I think it's very likely possible certain 997 models will have another hit in depreciation.
#13
Typically model changes impact previous model pricing, some like the last year of air cooled car return values better, etc. As said above, first two years take the biggest hit and less afterwards but you will always have a depreciating asset with a normal car.
#15
Drifting
Seriously!
Stretch your budget to $82k and buy my turbo. It may be priced more but your cost of ownership will be less.
https://rennlist.com/forums/997-turb...11k-miles.html
Stretch your budget to $82k and buy my turbo. It may be priced more but your cost of ownership will be less.
https://rennlist.com/forums/997-turb...11k-miles.html