Cayman 2019 purchase - resell in 4 years

[dev2017]

Hi



trying to work out if its a good idea or not to buy a 2019 model with intention of reselling in 4 years years (meaning car would be 9 or 10 years old when selling), how much the depreciation will be etc. I've had a quick look on auto trader for caymans and cant see anything prior to 2016 which is 9 years old. Not sure if its worth me waiting until I can afford a new model than 2019 and sell after 4 years. I guess my question is more about would I struggle to sell a cayman that is 10 years old and will the depreciation likely to be a lot more?

Any thoughts on this please?



Thanks

Edited by dev2017 on Monday 17th March 11:12

[Augustash]

Not the same but i bought a 2014 Cayman 981S in 2018 from OPC Edinburgh, fully serviced with warranty and sold it 2023 with a warranty for £1000 more than i paid for it

[dev2017]

recommend to go through official Porsche dealer then for used Porsche (year 2019)?

[HighwayStar]

dev2017 said:

Hi



trying to work out if its a good idea or not to buy a 2019 model with intention of reselling in 4 years years (meaning car would be 9 or 10 years old when selling), how much the depreciation will be etc. I've had a quick look on auto trader for caymans and cant see anything prior to 2016 which is 9 years old. Not sure if its worth me waiting until I can afford a new model than 2019 and sell after 4 years. I guess my question is more about would I struggle to sell a cayman that is 10 years old and will the depreciation likely to be a lot more?

Any thoughts on this please?

Thanks

Edited by dev2017 on Monday 17th March 11:12

Presumably you’re looking at Cayman GT?
The 981 GT4 arrived in 2015 so you won’t see one before then. 718 GT4 landed in 2019.
Who knows what depreciation will look like on a GT4 in 4yrs time. Porsche residuals aren’t as rock solid as they once were. On the other hand, the next Cayman is going to be full EV which may lead to 981 & 718 at least retaining their value, possibly appreciating. As I said, who know….

[Crudeoink]

dev2017 said:

Hi

trying to work out if its a good idea or not to buy a 2019 model with intention of reselling in 4 years years (meaning car would be 9 or 10 years old when selling), how much the depreciation will be etc. I've had a quick look on auto trader for caymans and cant see anything prior to 2016 which is 9 years old. Not sure if its worth me waiting until I can afford a new model than 2019 and sell after 4 years. I guess my question is more about would I struggle to sell a cayman that is 10 years old and will the depreciation likely to be a lot more?

Any thoughts on this please?

Thanks

Edited by dev2017 on Monday 17th March 11:12

General rule of thumb is the older the car the more depreciation it would have experienced already. I.e you'd lose more on a 2021 then you would a 2019. Honestly though i'd try and ignore the depreciation as much as possible, if you're already thinking about it now, you wont be able to stop thinking about it when you actually own it, every drive and stone chip will be depreciating it. If you want the car just buy it, enjoy it and whatever you sell it for at the end is a bonus not a goal IMO

[dev2017]

thanks everyone for all the information. Very helpful.

[SV_WDC]

Impossible to predict now - we don't know what markets will be like in 4 years time.

The indies used to have a general rule that they would be targeting vehicles <10 years old & <60k miles but in the last couple years we've seen them ignoring that - perhaps as the newer stock has lower appeal?

[DRH986]

I recently sold my 2013 Cayman 981S. I owned it for 7 years and 21K miles and sold it for about 21% less than I bought it for.

[Belle427]

Id say prices are certainly starting to get back to where they were, id do as suggested and just buy and enjoy.
Maybe buy an older model thats already taken most of its depreciation hit.

[LemonTart]

Two years ago I bought a Jan 2018 718 Boxster, nice spec.

It was on about 20,000 miles, I sold it a couple of weeks ago with 40,000+ miles for £15k less than I paid.

In that time I had replaced rear tyres twice, they don’t stand up to potholes well, 2xbuckled wheels and a devil of a job to get the wheels all pointing in the same direction 2x visits to four wheel alignment places then it had to go to Centre Gravity to be sorted.
The heater fan got stuck but could be easily free’ed off and it had a hot starting problem so had a new battery, relay & battery lead the last of which seemed to do the trick.

I did really like driving it and it was my everyday car but it cost a fair bit in fixing and depreciation but I enjoyed it and we had a great trip down to Austria and an early run up the GrossGlockner with the roof down.

[Hugo Stiglitz]

dev2017 said:

recommend to go through official Porsche dealer then for used Porsche (year 2019)?

No. Your paying dealer premium prices

[RobB_]

Hugo Stiglitz said:

No. Your paying dealer premium prices

Cheaper to buy outside the network then go for the check+warranty separately?

[Maxym]

There will always be a market for a 10 year-old Porsche, especially a Cayman. But who knows what the market generally wil be like in four years' time? A six year-old car has done a lot of its depreciating, though the cost of proper upkeep isn't low.

OP, not sure why you're asking TBH. If you want one, 981s and 982s are great cars. If you're weighing up against something else, again, who knows?

[CanAm]

dev2017 said:

Hi
Trying to work out if its a good idea or not to buy a 2019 model with intention of reselling in 4 years years (meaning car would be 9 or 10 years old when selling), how much the depreciation will be etc. I've had a quick look on auto trader for caymans and cant see anything prior to 2016 which is 9 years old. Not sure if its worth me waiting until I can afford a new model than 2019 and sell after 4 years. I guess my question is more about would I struggle to sell a cayman that is 10 years old and will the depreciation likely to be a lot more?

There are 242 Caymans for sale on PH, of which 105 are 2016 or earlier.

[Nuttcase]

dev2017 said:

Hi
I've had a quick look on auto trader for caymans and cant see anything prior to 2016 which is 9 years old.

Edited by dev2017 on Monday 17th March 11:12

Looks like you're searching only for "718 Cayman" in A/T. You need to select "Cayman" if you want to see earlier 981 models

[thepritch]

I had a similar idea back in 2007/2008. But it’s all about timing.

Bought a lovely 2nd hand Boxster S. I’d been tracking values / time and thought I’d not lose more than 5-10% in the time frame I’d planned to keep it (1-1.5 yrs)

Downside was that the banking crisis escalated and impacted the UK very soon after I bought, and values of cars plummeted. I lost circa 30% when I came to sell.

Thing is you can never tell what’s around the corner.

[Royal Jelly]

Just buy it and enjoy it. If you don’t like the offers you’re getting in four years, just don’t sell.

What’s worth considering is that historically, 981 cars have been kind in terms of depreciation, and they’re all 9 or more years old, so their depreciation curve is likely to be shallower still.

If the market collapses, everything is going down, but you’ll likely get a bit less of a kicking due to the aforementioned points.