Comparable new CTT is 25k more than 958 was, impact on used market for us?
#1
Advanced
Thread Starter
Comparable new CTT is 25k more than 958 was, impact on used market for us?
Really have to give it to Porsche, the way they know how to push the prices up is nothing short of astonishing. Here we have a new model that configured with the typical options is about 20% more than the previous one, and it’s selling well. My CTT was basically 125k, a new one is about 150k, so in three years with the magic of depreciation that should be a 85-90k used car, when a used 958 would had been 70-75k give and take?
I guess this new pricing structure will push up or help maintain the value on used 958’s, But on the other hand if I look for a used one later The bar will also be higher. Or do you think the new model will experience worse depreciation due to an inflated purchase price.
I guess this new pricing structure will push up or help maintain the value on used 958’s, But on the other hand if I look for a used one later The bar will also be higher. Or do you think the new model will experience worse depreciation due to an inflated purchase price.
#2
Race Director
depreciation will not slow down.
In most cases, the person looking to buy a new $150k cayenne won't consider a used older body style cayenne.
These vehicles are disposable and will go to zero or just about zero. You can get a decent 955 turbo for like $7k, expect the same for the 958.
In most cases, the person looking to buy a new $150k cayenne won't consider a used older body style cayenne.
These vehicles are disposable and will go to zero or just about zero. You can get a decent 955 turbo for like $7k, expect the same for the 958.
#3
Three Wheelin'
If you have an auction license you can get a decent 955 turbo for 7k, but otherwise they will be around 10k and I've seen Turbo and Turbo S's for 17-20 range with very high mileage. Yea it was really expensive and the curve was high on those but none of these vehicles will be worthless. Ever!
#4
Race Director
If you have an auction license you can get a decent 955 turbo for 7k, but otherwise they will be around 10k and I've seen Turbo and Turbo S's for 17-20 range with very high mileage. Yea it was really expensive and the curve was high on those but none of these vehicles will be worthless. Ever!
I guess I consider $10k pretty much worthless when the starting point was $100k plus, particularly given the cost of repairs
#5
Three Wheelin'
I hear ya but I think those of us who get into these plan to keep them for a bit and know that it was never an investment. I plan to get mine ceramic coated maybe this year after I pay some back taxes (#$SE$) and will use it for road trips, very mild offroad and maybe even some autocross just for the hell of it. It is after all a utility vehicle. It does depreciate less than comparable cars like X5/ML/GLE as My X5 was practically worthless at 4k when I sold it.
#6
Addict
Rennlist Member
Rennlist Member
Even though the 911 is produced in much greater numbers than it ever was in the past, it is interesting to see how much better they hold their values than the Cayenne.
When I look at the depreciation for my Cayenne Turbo and compare it against a 911 Turbo of the same year, wow what a difference.
But the Cayenne never had the pedigree of the 911 so completely understandable. And of course with the huge depreciation I was able to purchase an outstanding vehicle at a discount.
When I look at the depreciation for my Cayenne Turbo and compare it against a 911 Turbo of the same year, wow what a difference.
But the Cayenne never had the pedigree of the 911 so completely understandable. And of course with the huge depreciation I was able to purchase an outstanding vehicle at a discount.
#7
Drifting
Even though the 911 is produced in much greater numbers than it ever was in the past, it is interesting to see how much better they hold their values than the Cayenne.
When I look at the depreciation for my Cayenne Turbo and compare it against a 911 Turbo of the same year, wow what a difference.
But the Cayenne never had the pedigree of the 911 so completely understandable. And of course with the huge depreciation I was able to purchase an outstanding vehicle at a discount.
When I look at the depreciation for my Cayenne Turbo and compare it against a 911 Turbo of the same year, wow what a difference.
But the Cayenne never had the pedigree of the 911 so completely understandable. And of course with the huge depreciation I was able to purchase an outstanding vehicle at a discount.
Now if you really want to be discouraged about Cayenne depreciation, check the market prices for pre-owned Toyota Land Cruisers...incredible!