Discussion
Have values of these jumped as much as other used cars? I’m just looking and have no idea what these were doing a year or 18 months ago. I appreciate that used prices may not return to what they were pre Covid but if these are also up 25% I’ll wait and see if there is a drop as new car numbers increase. I have for instance found a non Porsche sports car sold by a dealer less than a year ago. The private buyer has it listed for circa 20% more than they paid when it had a years main dealer warranty. It’s not a car with a huge market. Of course that’s the sellers right but if Boxsters are the same I’ll gamble on them not going up more and possibly losing a few thousand. If this was a car I need for work/family I’d not worry but for a toy that may get sold if circumstances change minimising depreciation is important.
Prices will now only go 1 way i.e. up for 2 reasons
Porsche is restricting the sale of new Boxsters due to sc and supply chain issues. Lead times on new cars lengthening incl Boxster GTS now 2024 delivery.
Convertibles always appreciate towards the Spring peak buying season and better weather.
Porsche is restricting the sale of new Boxsters due to sc and supply chain issues. Lead times on new cars lengthening incl Boxster GTS now 2024 delivery.
Convertibles always appreciate towards the Spring peak buying season and better weather.
Shinyfings said:
Have values of these jumped as much as other used cars? I’m just looking and have no idea what these were doing a year or 18 months ago. I appreciate that used prices may not return to what they were pre Covid but if these are also up 25% I’ll wait and see if there is a drop as new car numbers increase. I have for instance found a non Porsche sports car sold by a dealer less than a year ago. The private buyer has it listed for circa 20% more than they paid when it had a years main dealer warranty. It’s not a car with a huge market. Of course that’s the sellers right but if Boxsters are the same I’ll gamble on them not going up more and possibly losing a few thousand. If this was a car I need for work/family I’d not worry but for a toy that may get sold if circumstances change minimising depreciation is important.
The current values of the 981 are driven by two things, supply/demand and also (not looking for a bun fight) the fact that some people prefer the 6 cylinder engine.As for where they go in the future who knows, I can't see anyone who owns one selling it on the cheap any time soon so I guess time will tell.
I can imagine their values may soften slightly, but I certainly can't see them collapsing. If I was in the market for one, I think i'd mentally prepare myself for a worse-case-scenario of 10-15% depreciation over 2 years and take anything else as a bonus. Even that - if you're lucky with servicing and reliability - would be relatively cheap motoring given the capability of the car.
KPB1973 said:
I can imagine their values may soften slightly, but I certainly can't see them collapsing. If I was in the market for one, I think i'd mentally prepare myself for a worse-case-scenario of 10-15% depreciation over 2 years and take anything else as a bonus. Even that - if you're lucky with servicing and reliability - would be relatively cheap motoring given the capability of the car.
+1……..Wise words and eloquently written.I'm finally going to be in position in the spring to upgrade my weekend toy. I want a manual 981 GTS 12 months ago low 40's would have got one with sub 40k miles. I now have to up my budget to £50k maybe a little more to get what I want or settle for something else an S or an alternative.
My intention is to keep for several years.
My intention is to keep for several years.
how long does OP intend to keep the car?
if not very long, and depreciation is a concern, then the flip-side of the argument is to buy now and hope prices either continue to rise or at least hold. of course they may still drop.
the problem with saying "i'll wait till they start to fall" is that your ownership period is now within the normal pattern of cars depreciating.
if not very long, and depreciation is a concern, then the flip-side of the argument is to buy now and hope prices either continue to rise or at least hold. of course they may still drop.
the problem with saying "i'll wait till they start to fall" is that your ownership period is now within the normal pattern of cars depreciating.
Our experience with our late 2015 Cayman 2.7 PDK so far is, the car was bought new as a replacement for my wife's MINI JCW for just under £50K and it gradually dropped in value to mid £20s around 3 years ago when we were thinking of changing it. We thought was pretty good comparatively speaking but in the end she decided to keep it.
At the start of the pandemic it dropped again to low £20s but then gradually rose in value to peak at £37K from WBAC in September last year and is currently sat at just over £30k. I get the feeling it'll start to creep up again as we get closer to spring.
The way the market is at the moment we're not selling, not just because of the current value but more because the wife has now become very attached to the car emotionally and anything else she might consider changing it for is either priced substantionally higher as well or is difficult if not impossible to get. I suspect we're not alone in that regard.
At the start of the pandemic it dropped again to low £20s but then gradually rose in value to peak at £37K from WBAC in September last year and is currently sat at just over £30k. I get the feeling it'll start to creep up again as we get closer to spring.
The way the market is at the moment we're not selling, not just because of the current value but more because the wife has now become very attached to the car emotionally and anything else she might consider changing it for is either priced substantionally higher as well or is difficult if not impossible to get. I suspect we're not alone in that regard.
Edited by Voodoo Blue on Wednesday 26th January 15:29
718 owner here but my WBAC has gone up again after a brief fall last month from the crazy highs of September when it was virtually quoting me the list price new after five years of ownership.
Am still holding on to it as - anything else is also priced significantly higher, or if buying another one new, then subject to ridiculously long delivery times.
Am still holding on to it as - anything else is also priced significantly higher, or if buying another one new, then subject to ridiculously long delivery times.
Shinyfings said:
I guess I’m used to Elise and Caterham levels of depreciation for toys, hence being nervous with a Boxster.
I get where you are coming from, my previous toy was a TVR which I bought to keep for a couple of years and ended up keeping it for 18 years, when I sold it I got back what I paid for it.When I bought the 981 I did so knowing that it was going to cost me and I suspect when I come to sell it I am sure it will have. From my perspective there are two different ways to do Porsche ownership, you either aim to stay within the OPC loop or accept you are going to be out of it.
If you buy from an OPC, pay through the nose for servicing, extend the warranty as necessary you can at least run the car knowing that if anything big (PDK, engine etc) goes bang it should be covered. Even smaller things can be expensive to repair in the land of Porsche so not just for the big ticket items. The warranty also includes proper pan European breakdown cover, handy for Eurohoons.
If you buy a car from wherever and pay a bit less for it, have it serviced/repaired by good independents (who are well aware how much an OPC charges for things) and put any savings(?) aside in case something big goes bang you could well end up in front.
I chose the first option and bought from an OPC, not because I was too lazy to look around but because it was the car I wanted and my intention from the start was to stay in the loop. I would have happily bought privately/elsewhere but only if the car had full OPC history and warranty that I would then have the option to extend.
You pays your money, you takes your choice, it was the right choice for me and as far as I am concerned the 981 is worth every penny it is/will end up costing me, it really is a brilliant car powered by a brilliant engine.
Good luck with your search
anonymous said:
[redacted]
I don't think the actual cars hold any great surprises cost wise if maintained correctly, no inherent weaknesses as such, so it is mostly dependent on mileage/use(trackdays?) and where you join or leave the two year service cycle.I worked on a small service £1000, large service £2000, £600 per year for warranty extensions as required, which I think is about right for me.
As you say nobody knows what they will be worth in the future, if you start off by relying on that you are just kidding yourself.
Gassing Station | Boxster/Cayman | Top of Page | What's New | My Stuff