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Relatively high 22000 miles poverty spec comfort seats no extended leather and placcy dash door tops and centre console.
Mines same age much better spec mint condition with carbon buckets carbon chrono climate red belts and red stitching top marker etc etc etc with just 4k miles 1 owner myself and specced by me new. . Probably worth £75k.
Mines same age much better spec mint condition with carbon buckets carbon chrono climate red belts and red stitching top marker etc etc etc with just 4k miles 1 owner myself and specced by me new. . Probably worth £75k.
bennno said:
I recall buying 4 y/o 997’s with 30k miles for £35k in 2010 or thereabouts.
Bit expensive plus cost of borrowing is slowing demand significantly in the market, as it was intended to.
That's where my head goes to as well. Bit expensive plus cost of borrowing is slowing demand significantly in the market, as it was intended to.
Even with inflation, these should be £30 something cars, not £45+.
stuckmojo said:
That's where my head goes to as well.
Even with inflation, these should be £30 something cars, not £45+.
On the one hand, I agree. On the other, the base Carrera now starts at £99,800. Realistically, a decently specced new Carrera is now £110,000 and upwards. I think that's part of the reason why a still fairly modern looking used Carrera has held up quite so well. Even with inflation, these should be £30 something cars, not £45+.
jamsp00n said:
On the one hand, I agree. On the other, the base Carrera now starts at £99,800. Realistically, a decently specced new Carrera is now £110,000 and upwards. I think that's part of the reason why a still fairly modern looking used Carrera has held up quite so well.
I agree, although 70% value retention after 3yrs 30k miles was a very strong residual some years ago, the 992 started from £82k new in 2020 but you won’t find one anywhere near 70% (£58k) now….bennno said:
I agree, although 70% value retention after 3yrs 30k miles was a very strong residual some years ago, the 992 started from £82k new in 2020 but you won’t find one anywhere near 70% (£58k) now….
I guess what helps is that you can keep them on Porsche warranty until 15 years old - I have a Macan with it and it's been ideal - no questions asked, repairs are done. It makes it running these cars quite easy from a budgetary perspective. stuckmojo said:
That's where my head goes to as well.
Even with inflation, these should be £30 something cars, not £45+.
But you have 996 C4S priced at late 20's early 30's, 997's are still 40 odd K for gen .2 so it stands to reason a good 991 with sensible miles will be in between these and the pricier 992 models. Even with inflation, these should be £30 something cars, not £45+.
We would all like a 996C4S to be a 15k car but they aren't any more, so if these are selling around 30k you cant expect a newer and miles better 991 for the same money. It's always the same with 911's until at some point they become rare and then they start going up a bit or a lot in some cases.
Once a car gets to 8 years old it becomes a very niche market, well in the UK at least, because finance with a balloon is no longer available. (Rare and very high end stuff excluded).
So you get into no mans land for the 90% of UK buyers who finance their cars, well you do on cars at this price. £25k is fine, £35k is OK for many, might have a bit of equity or a car they are selling they can put towards the new one, £40k seems to sell. But £50k is starting to put the monthlies as high if not higher than buying a 4-5 year old car on PCP.
Plus you have to take into account it is now a 10 year old car and that comes with far more extra costs. Things will be starting to wear and need replacing, you will probably want a warranty on that so another £120 a month or so, plus you need to service it with Porsche to have a hassle free warranty experience, so if you are paying all that extra a bit of man maths says why not buy the 5 year old car from an OPC with 2 years warranty and get them to throw in the third year as part of the deal? For those financing it will be the same sort of price.
£50k purchase with £10,000 deposit is still £850 a month over 60 months.
£70k car from OPC with 2 years warranty is £840 a month with the same £10k down, albeit with a £35k balloon at the end.
But you can convince yourself at the end of the term you will stick another £5k in and a get a bank loan for £550 a month until it is yours.
However, the cars at £37k go straight away. £7k in, £550 a month and at the end you own it. Bingo!
So you get into no mans land for the 90% of UK buyers who finance their cars, well you do on cars at this price. £25k is fine, £35k is OK for many, might have a bit of equity or a car they are selling they can put towards the new one, £40k seems to sell. But £50k is starting to put the monthlies as high if not higher than buying a 4-5 year old car on PCP.
Plus you have to take into account it is now a 10 year old car and that comes with far more extra costs. Things will be starting to wear and need replacing, you will probably want a warranty on that so another £120 a month or so, plus you need to service it with Porsche to have a hassle free warranty experience, so if you are paying all that extra a bit of man maths says why not buy the 5 year old car from an OPC with 2 years warranty and get them to throw in the third year as part of the deal? For those financing it will be the same sort of price.
£50k purchase with £10,000 deposit is still £850 a month over 60 months.
£70k car from OPC with 2 years warranty is £840 a month with the same £10k down, albeit with a £35k balloon at the end.
But you can convince yourself at the end of the term you will stick another £5k in and a get a bank loan for £550 a month until it is yours.
However, the cars at £37k go straight away. £7k in, £550 a month and at the end you own it. Bingo!
Porsche-worm said:
We would all like a 996C4S to be a 15k car but they aren't any more, so if these are selling around 30k you cant expect a newer and miles better 991 for the same money.
I think a 996C4S is more like 20 to 25k nowadays. Unless you're getting a low mileage garage queen from a pricey dealer.https://www.ebay.co.uk/itm/226168625279
https://www.ebay.co.uk/itm/145811949988
https://www.ebay.co.uk/itm/285880903923
Cameron Porsche sre selling this one for 32k which feels ambitious to Me
https://www.ebay.co.uk/itm/285685170924
Although worth pointing out the recovery in prices in 2009 following the bloodbath was very rapid indeed and those who sold out at the nadir found it very difficult to buy back at anywhere near the selling prices as they invariably found out to their considerable cost.
Had a Guards red 15k mile 2007 C2S at the time bought for c£37k which was repossessed from Bank of Scotland seem to recollect I sold it for top £40ks in late summer 2009. Ferraris were hit harder than Porsche and the number of high end repossessions because of the meltdown was incredible.
Never mind Stammer UK Reform now a distinct possibility.
:
Had a Guards red 15k mile 2007 C2S at the time bought for c£37k which was repossessed from Bank of Scotland seem to recollect I sold it for top £40ks in late summer 2009. Ferraris were hit harder than Porsche and the number of high end repossessions because of the meltdown was incredible.
Never mind Stammer UK Reform now a distinct possibility.
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