Cayman 981 prices?

Cayman 981 prices?

Author
Discussion

stabilio

Original Poster:

595 posts

178 months

Thursday 16th February 2023
quotequote all
I'm considering a base Cayman or an S if i can stretch to it and will be a weekend toy for me.
I've never done the Porsche thing but had a few M cars, AMGs, Audi RS's etc but they have all been my main practical daily driver rather than a weekend toy.
Now, I'm not buying the Porsche for an investment but would a 2013/2014 Cayman hold its value pretty well over a few years to say an E92 M3 or an M2 Competition as these are other possible candidates.
Any car that will hopefully hold it value more than another will go down better with the missus smile

GTS_uk

109 posts

110 months

Thursday 16th February 2023
quotequote all
Values have held pretty well for the 981 across the board, but who knows what's around the corner!?

Buy the car you like best. Tell your Mrs what she wants to hear! biggrin

julian987R

6,840 posts

66 months

Thursday 16th February 2023
quotequote all
stabilio said:
I'm considering a base Cayman or an S if i can stretch to it and will be a weekend toy for me.
I've never done the Porsche thing but had a few M cars, AMGs, Audi RS's etc but they have all been my main practical daily driver rather than a weekend toy.
Now, I'm not buying the Porsche for an investment but would a 2013/2014 Cayman hold its value pretty well over a few years to say an E92 M3 or an M2 Competition as these are other possible candidates.
Any car that will hopefully hold it value more than another will go down better with the missus smile
In a few years time we will see even more closer parity in 981 prices to 987.2's... certainly low mileage 987.2's vs higher mileage 981's. It already is that way..

981 S
£29,990
https://www.autotrader.co.uk/car-details/202209179...

vs

987 S
£29,997
https://www.autotrader.co.uk/car-details/202301233...

As time goes on there is only one direction - it is inevitable that 981 prices will sink further south and the 987.2 climb much higher. A Cayman R can now go for more than a 981GTS, and will eventually match parity with the 981GT4.

981 prices are a lead balloon, especially so, if I understand correctly, you are going to daily it for the next two years. See the 987 has the classic status now, coupled with its retro looks, it is in fashion. The 981 won't come back in fashion as it never was fashion first time around.
















bennno

12,738 posts

276 months

Thursday 16th February 2023
quotequote all
julian987R said:
In a few years time we will see even more closer parity in 981 prices to 987.2's... certainly low mileage 987.2's vs higher mileage 981's. It already is that way..

981 S
£29,990
https://www.autotrader.co.uk/car-details/202209179...

vs

987 S
£29,997
https://www.autotrader.co.uk/car-details/202301233...

As time goes on there is only one direction - it is inevitable that 981 prices will sink further south and the 987.2 climb much higher. A Cayman R can now go for more than a 981GTS, and will eventually match parity with the 981GT4.

981 prices are a lead balloon, especially so, if I understand correctly, you are going to daily it for the next two years. See the 987 has the classic status now, coupled with its retro looks, it is in fashion. The 981 won't come back in fashion as it never was fashion first time around.
You’ve picked an automatic 981 with more than double the miles to draw your make your point, which is misleading.

Looking on autotrader I can find a 987S manual with 36k miles for £18,250 and the cheapest manual 981S with sub 40k miles is £36k.

There is a mint 987R with 11k miles up for sale for £44.9k, a 981gts with 20k up for £51k, a 981gt4 with 20k is 65k from an OPC

The Gt4 will always carry a premium, the 981 currently carries a premium due to its similarity to the 718 but generally with a better engine.



RichB

52,752 posts

291 months

Thursday 16th February 2023
quotequote all
Having owned both, albeit as Boxsters, I must say that the 981 is much better car than the 987 Gen 2.

julian987R

6,840 posts

66 months

Thursday 16th February 2023
quotequote all
bennno said:
You’ve picked an automatic 981 with more than double the miles to draw your make your point, which is misleading.

Looking on autotrader I can find a 987S manual with 36k miles for £18,250 and the cheapest manual 981S with sub 40k miles is £36k.

There is a mint 987R with 11k miles up for sale for £44.9k, a 981gts with 20k up for £51k, a 981gt4 with 20k is 65k from an OPC

The Gt4 will always carry a premium, the 981 currently carries a premium due to its similarity to the 718 but generally with a better engine.



well one actually - I distinctly said 'certainly low mileage 987.2's vs higher mileage 981's.'


bennno

12,738 posts

276 months

Thursday 16th February 2023
quotequote all
julian987R said:


well one actually - I distinctly said 'certainly low mileage 987.2's vs higher mileage 981's.'
Why not point out the obvious that there will also be close price parity between 981’s with no service history / damage / poor spec / bad condition / knocking engines versus 987.2’s with the opposite?

julian987R

6,840 posts

66 months

Thursday 16th February 2023
quotequote all
bennno said:
julian987R said:


well one actually - I distinctly said 'certainly low mileage 987.2's vs higher mileage 981's.'
Why not point out the obvious that there will also be close price parity between 981’s with no service history / damage / poor spec / bad condition / knocking engines versus 987.2’s with the opposite?
Well that would be 'a given', and bad examples are probably few and far between, thus treated on a case by case basis rather than a key influencer on prices.

There are bad air-cooled out there, more than that of bad 981's I would imagine, and bad 911 air-cooled don't affect the over arching price trends for air-cooled do they? exactly.


julian987R

6,840 posts

66 months

Thursday 16th February 2023
quotequote all
anonymous said:
[redacted]
Good grief. How on earth is anything I have said 'hateful'. I can see in the reply before it is re-moderated that you have called me a hateful Cword. That is beyond unacceptable and shameful. I always had you down as really nice - how wrong was I. I won't report you, just never reply back to me ever again.






Voodoo Blue

916 posts

152 months

Thursday 16th February 2023
quotequote all
Getting back to the op's question, apart from the wild fluctuations last year our 7 1/2 year old 981 Cayman's value has remained pretty static since it was around 3 years old so unless you buy a bad one or put significant mileage on it history would suggest depreciation won't be a problem.

matjk

1,111 posts

147 months

Friday 17th February 2023
quotequote all
You do bang on about 987R prices and take every opportunity to talk them up , Is your entire pension pot based on Cayman R’s

Armitage.Shanks

2,446 posts

92 months

Friday 17th February 2023
quotequote all
julian987R said:
As time goes on there is only one direction - it is inevitable that 981 prices will sink further south and the 987.2 climb much higher. A Cayman R can now go for more than a 981GTS, and will eventually match parity with the 981GT4.

981 prices are a lead balloon, especially so, if I understand correctly, you are going to daily it for the next two years. See the 987 has the classic status now, coupled with its retro looks, it is in fashion. The 981 won't come back in fashion as it never was fashion first time around.
Leaving aside the Cayman R which I will grant you is a unique car the suggestion a 987.2 will be worth more than a comparable 981 is absolute twaddle. If anything the 981 is likely to rise above the 718 given its extra 2 cylinders. The 981 is a well finished car, more advanced and 'modern'. Classic status in Cayman/Boxster doesn't come into the equation and a 987 is outdated in comparison to what the small extra can buy you. A 987 is 'in fashion'. laugh

For me 981 all the way.

neil jdmr

83 posts

122 months

Friday 17th February 2023
quotequote all
Aside from Julians predictable bias of the car he owns they are both really good cars. The 987.2 is a little more raw and has the famed hydraulic steering. Unfortunately with that comes a dated interior regardless of extended leather it still looks 996/997 old but that is just my perspective. I certainly wouldn't allow this to stop me buying one.

The 981 is a much more improved chassis and just a much more modern design inside and out. This also may be a positive to some and not to others.

As for holding their value. 981s have done really well and the big covid price rise has been retained really well. Low spec and/or high mile cars have dropped quicker but that shouldn't be a surprise. High spec low mile cars haven't really dropped since the boom 2 years ago.

From a quick glance all depending on mileage and spec

987.2S go from 20-30k
981S 30-40k, a couple above 40k but not selling.
981 GTS 40-50K

I think cayman R will certainly hold their price very well but they have become collector cars where every mile is a pound lost

I think if you spend 35k on a low mile reasonably specced 981S in 2 years you won't lose. I think in 5 years you'll probably have only lost a grand a year.

Again the above is only my non qualified opinion.

TheOctaneAddict

875 posts

54 months

Friday 17th February 2023
quotequote all
I'm in the market for a 981 and have been watching the prices for a while.

It seems like the market has cooled off, but dealers aren't willing to lower prices. A local garage to me has had this one since late November 2022.

https://www.geoffcox.co.uk/vehicle-details/Porsche...

Price hasn't moved one bit and with the spec/miles its got i'd say its more like a £25-27k car. I've noticed similar with other cars at dealers across the UK.

Without a crystal ball its impossible to say whats going to happen to prices, but with 718s hitting mid £30s i'd expect to see 981s to start to cool down soonish.

I'll be holding out for a few months before buying.

ChrisW.

6,852 posts

262 months

Friday 17th February 2023
quotequote all
Porsche now consider the 987 to be a Classic.

The 981 is not ... yet ...

Yes the hydraulic power steering is nice but it's not a deal breaker. And the 981 IS a much more modern car that formed the platform for the GT4. A great car to put miles on ... IMHO smile


bennno

12,738 posts

276 months

Friday 17th February 2023
quotequote all
TheOctaneAddict said:
I'm in the market for a 981 and have been watching the prices for a while.

It seems like the market has cooled off, but dealers aren't willing to lower prices. A local garage to me has had this one since late November 2022.

https://www.geoffcox.co.uk/vehicle-details/Porsche...

Price hasn't moved one bit and with the spec/miles its got i'd say its more like a £25-27k car. I've noticed similar with other cars at dealers across the UK.

Without a crystal ball its impossible to say whats going to happen to prices, but with 718s hitting mid £30s i'd expect to see 981s to start to cool down soonish.

I'll be holding out for a few months before buying.
I’m of the opinion that a 4 pot 718 will fall to or below a nice 981 with equivalent spec and miles.

Get a 111 inspection as majority (if not already done) will need exhaust bolts and condensers which is a £1500+ job at an indy.

If buying I’d get a 111 inspection carried out. Common issue such as rusted exhaust bolts vary between £250-800 to resolve and condensers are £1000-1400 and last 6-7 years.

jimbo761

391 posts

89 months

Friday 17th February 2023
quotequote all
Porsche forums certainly don’t disappoint.

Having driven an Emira recently I’d have to say the hydraulic steering in that was incredible vs the EPAS in my 718 which is dull and lifeless by comparison (that’s not to say it’s bad, just that I found the difference was very noticeable, feedback and road ‘feel’ were certainly a revelation.) That said I’ve not driven a 987 but could certainly see the appeal of old school hydraulic steering vs the more recent iterations.

In terms of values I’ve nearly put 60k miles on mine from new and yet the trade valuations have remained surprisingly strong, but I’m sure that is at least partly down to the current market.

In any case I ordered another 718 after the latest Emira price rise as the build date kept on slipping and initial reports of build quality issues and some breakdowns were poor. Hopefully I can get the order processed before Porsche stop making ICE Caymans for good (next year?)



Edited by jimbo761 on Saturday 18th February 10:50

jimbo761

391 posts

89 months

Friday 17th February 2023
quotequote all
bennno said:
I’m of the opinion that a 4 pot 718 will fall to or below a nice 981 with equivalent spec and miles.
I don’t think he was asking about a 718 but would have to disagree with this statement, I bought mine when they first came out and many internet posters were keen to tell me its value would fall off a cliff edge vs the 981 yet that never happened to date and I’ve yet to see a bargain basement 718. Mind you when I come to trade mine with 60k miles on it that may well change… hehe


Royal Jelly

3,758 posts

205 months

Friday 17th February 2023
quotequote all
julian987R said:
In a few years time we will see even more closer parity in 981 prices to 987.2's... certainly low mileage 987.2's vs higher mileage 981's. It already is that way..

981 S
£29,990
https://www.autotrader.co.uk/car-details/202209179...

vs

987 S
£29,997
https://www.autotrader.co.uk/car-details/202301233...

As time goes on there is only one direction - it is inevitable that 981 prices will sink further south and the 987.2 climb much higher. A Cayman R can now go for more than a 981GTS, and will eventually match parity with the 981GT4.

981 prices are a lead balloon, especially so, if I understand correctly, you are going to daily it for the next two years. See the 987 has the classic status now, coupled with its retro looks, it is in fashion. The 981 won't come back in fashion as it never was fashion first time around.
rofl
You really are an imbecile.

highway

2,053 posts

267 months

Friday 17th February 2023
quotequote all
I was perhaps unlucky with the electric steering rack failing on my 2014 981S at 12k miles. Helpfully, whilst out of warranty. The steering is OK isolation, you get used to it. But as an earlier poster said, if your try it in direct contrast to a good hydraulic power steering system, you do really notice the difference.
The 987 looks old inside and out. Laughable to suggest they are in any way more desirable than a 981. Maybe the R and Spyder have a following but the others, not a bit of it.