Staggering Depreciation
#16
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Originally Posted by mrpc12
I bought a 2006 CTTS for $117K ($125K MSRP) and traded it in for $82K 6 months later with 5K miles. It's still in the dealers inventory on their website for sale at $89K (CPO) 2 months later.
Is this the one in Steven's Creek? Marine Blue?? I almost went there to look at it. But right now they are selling Turbo S's for $20Koff
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They are sitting on the lot because of the price range and with the new body style coming out as well
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#17
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just checked kbb for a lexus lx470, 05, in good condition was almost 45k for excellent and 42k for good, on a car that stickered for about 66k. i am trying to figure out how the C got JD Powers (alias, "we have the statistics that can make anything look good for a price") best resale value??
#18
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Originally Posted by racer_65
Just curious, what was the reason you got rid of it after such a short time? Was there some aspect of the car you couldn't live with that compelled you to take such a loss?
#19
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Originally Posted by alex911s
Is this the one in Steven's Creek? Marine Blue?? I almost went there to look at it. But right now they are selling Turbo S's for $20Koff ![Big Grin](https://rennlist.com/forums/images/smilies/biggrin.gif)
They are sitting on the lot because of the price range and with the new body style coming out as well![Frown](https://rennlist.com/forums/images/smilies/frown.gif)
![Big Grin](https://rennlist.com/forums/images/smilies/biggrin.gif)
They are sitting on the lot because of the price range and with the new body style coming out as well
![Frown](https://rennlist.com/forums/images/smilies/frown.gif)
#20
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I had a Mercedes 05 CL 500 before the CS. Paid a 100 grand and got 50 back a year later, That was because Mercedes did a remake of that model and there was a glut of the old ones. (you could get a 05 CL 55 for only 70 grand at that time too.) The same thing is going to happen the the Cayenne I would guess.
I'm going to keep the CS for two years and see what they say about the remake then. As long as it stays reliable.
I'm done trading these expensive German cars after having them only a year. It's a money pit. Might as well use the car and not read all the Porsche propaganda about how much better the new ones are. Mines a great car and that's really the only way to get your money out of them is to keep them long term.
I'm going to keep the CS for two years and see what they say about the remake then. As long as it stays reliable.
I'm done trading these expensive German cars after having them only a year. It's a money pit. Might as well use the car and not read all the Porsche propaganda about how much better the new ones are. Mines a great car and that's really the only way to get your money out of them is to keep them long term.
#21
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Originally Posted by mrpc12
I bought a 2006 CTTS for $117K ($125K MSRP) and traded it in for $82K 6 months later with 5K miles. It's still in the dealers inventory on their website for sale at $89K (CPO) 2 months later.
Damn. For $82 I would have taken it off your hands. I was toying with trading my 04 TT in for an 06 TTS in Marine Blue and they offered me $64k on trade in, I only paid $84k new in 04.
#22
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Originally Posted by cobalt
Damn. For $82 I would have taken it off your hands. I was toying with trading my 04 TT in for an 06 TTS in Marine Blue and they offered me $64k on trade in, I only paid $84k new in 04.
#23
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Just bought an 06 CTTS with 4100 miles for for 107K (sticker 127K). This is a mutant beast. The term 'SUV' is a joke for what this vehicle is capable of. The panorama roof is so cool I can't stand it. The launch off the line with unsuspecting passengers is a hoot. Guys scream like 10 Y/O girls at a Justin Timberlake concert and the ladies ask for a cigarette. What a blast. BTW I also own a 96 993tt and this is pretty close despite its sheer size.
#24
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Originally Posted by racer_65
Now that you know how much the bottom line is, you still have a chance to walk to Steve Creek and get it for slightly higher!
I was thinking that, too bad it is more than a walk. I think I have spent more money shipping cars from CA to NJ over the years, than the difference in $. It wouldn't happen to have a black interior by any chance, would it?
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#25
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Originally Posted by cobalt
I was thinking that, too bad it is more than a walk. I think I have spent more money shipping cars from CA to NJ over the years, than the difference in $. It wouldn't happen to have a black interior by any chance, would it? ![Wink](https://rennlist.com/forums/images/smilies/wink.gif)
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#28
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I was looking at 06 Turbo S (about 14k off sticker) and on a three year lease, 15K Per yr miles, residual was 39%. Decided not to jump on that deal.
#29
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I sold our '06 V-6 Cayenne last month for $36k with 26,000 miles on it to a private party. We bought it for $37k with only 9,000 miles from a displaced mistress who needed cash more than she did the P-car she had been given. However, I should add that Cayenne ownership in our immediate area is somewhat sparse. The soccer moms are fighting over who gets the next V-6 that comes up for sale....
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Last edited by seedvila; 01-09-2007 at 04:07 AM.
#30
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a p car is one that i don't hesitate to buy used. there are so many crazy addicts like you guys ( and ok, me too ) that take excessive care of our vehicles. It's always easy to find a fanatically maintained Porsche and let the other guy take most of the depreciation.