NVRANUF

Huh, would have never considered Perry B. a bubble-wrapper....

J/K!!

vdodici

I've been following this thread with great interest because I'm trying to sell my 11,000 mile 2010 GT3. Wonderful points have been raised about values and they leave me with me with a question. What is a reasonable cost per year for enjoyment of the car? Should we include costs of ownership like insurance and registration, tires, gas, repairs and an occasional reprimand in the depreciation equation?
Cars that don't depreciate typically don't get driven because they are so rare and valuable. They are trailered to shows or they are subject to damage because their owners race them at historic events. Modern day sports cars are manufactured in such numbers that values will be impossible to hold and there's always the latest and greatest version just around the corner. I can accept that my car is loosing its value but, I'm at least accumulating a new strata of bugs for all to admire.

Porsche917K

IMO the 85k vs 100k is pretty irrelevant if you can afford it. Sure the cars depreciation may have slowed a little bit but not by much. You're still basically just paying for the miles you put on it. I'd be more concerned with just getting a good deal. If I can afford a car, I care very little about how much the car costs. It's more about buy vs sell price. The difference is your actual cost of ownership.

Carrera GT

For current model Porsches, I've averaged about $2K/month per $100K of purchase price including all costs and taxes -- driven or not. Add about $1K per track day per $100K of purchase price operating costs, not including sunk costs in safety gear or upgrades.
I put those numbers on a non-linear scale -- it's not proportionately cheaper to operate a $50K 911 or a $25K 911, and dollar amount depreciation is better expressed as a curve that's a percentage expression of a starting price on the x-axis and function of odometer and time on the y-axis. In other words, if the curve depicts a 25% depreciation in the 12-18 months, then 1% per month after the first 18 months (say) then starting at $200K creates a depreciation curve that swoops lower more steeply than starting at $100K or $50K, but as we've seen with the hallowed GT3, once its price swoops down and tends to converge on the humble Carrera pricing, they tend to incur the same depreciation percentages over the longer term (above three years.) If you look at any lease product, it is, by definition, very close to the real/actual cost of owning the given car including lowest possible of cost of capital, plus operating costs.

FFaust

You're funny.

aussie jimmy

an 8 cyl should keep people wanting...

SSTHO

Great philosophy!

Carrera GT

Are you nuts?! That's not a great philosophy, that's anarchy! Unbridled chaos run riot! If people lived within their means and spent money they had already earned, well blimey, we wouldn't need central banks! Sovereign nations could print their currency as a promise to pay without debt or interest burden! It would be the collapse of the most powerful fiscal despot overlords in history! The whole country would collapse back to the primitive state of abiding by the Constitution! Good lord, next thing you'll be saying Ron Paul for President!



... and I'll be right with you ...

svp928

... and I'll be right with you ...

Me, too!

savyboy

Full throated voice of reason and hedonistic pursuits. My new hero. Izzone for President!

danes

I don't think you'll see an 80k (Canadian) price tag. Not for a while.

mthaynes

I think there are a lot of gt3 still on showroom floors . Add the 4.0 to the mix and I am guessing that current lot of gt3 on the floor is going to have an even more difficult time moving. I think as the summer moves on we may see a higher discounting than normal

C4S993

Mileage is not the holy grail, it is the over rev readout that matters

Last sat bought '07 gt3 cpo for 81k$

Rear tires are near bald and the box has to be rebuilt but what the hell the color is nice and no dash wart.

In two yrs I will trade it in for a 2010

Patrick

CodeRed

+1 and congrats!...but how many miles are on your CPO '07? PP or dealer? I plan on doing the same soon...need some comps. Pics?

Larry Cable

presumably the tyres will be replaced and the box repaired under CPO?