Miles and value

[MrJuice]

I bought my 2007 997.1 in late July at about 62500 miles. Three and a bit months later, I've done 5000 miles. It's my daily car and I don't have any others

At what point is too many miles going to really badly affect value and saleability of the car? I'm expecting ting to keep the car at least 3 yrs.

The majority of my miles have been easy M road miles

[EGTE]

100,000 seems to have a major effect.

[AvonM]

I did an analysis of this last year - for 996's - when looking to buy and came to the conclusion it is a straight line correlation between miles and price.

This was only for manual coupes, C4 and C2. Snapshot of what was available at about late september 2015, across as many classified sites as possible.

Quickly realised that it was unrealistic to pick up a <100k mile car for <10k pounds.

[MrJuice]

AvonM said:

I did an analysis of this last year - for 996's - when looking to buy and came to the conclusion it is a straight line correlation between miles and price.

This was only for manual coupes, C4 and C2. Snapshot of what was available at about late september 2015, across as many classified sites as possible.

Quickly realised that it was unrealistic to pick up a <100k mile car for <10k pounds.

V interesting. Thank you

I love driving the damn thing. Obviously it is less enjoyable on a standard M road journey but fun nonetheless. And the costs of getting a third car for everyday use (wife exclusively drives the second) are going to be sizeable. So maybe cheaper overall to just keep piling on the miles.

Hmmm

Would still be interested in hearing other people's thoughts and experiences

[Magic919]

At the current rate of 20k miles a year you'll probably drop the value by £2-3k versus sticking 10k miles a year on the car (assuming you sell at year 3).

I've been using a 911 as a DD for nearly 6 years and wouldn't change that. I do about 11k miles a year. That's despite having a suitable diesel third car, FWIW.

[MrJuice]

Magic919 said:

At the current rate of 20k miles a year you'll probably drop the value by £2-3k versus sticking 10k miles a year on the car (assuming you sell at year 3).

I've been using a 911 as a DD for nearly 6 years and wouldn't change that. I do about 11k miles a year. That's despite having a suitable diesel third car, FWIW.

Thanks

2-3k extra at the end of year 3 or 2-3k extra per year?

Genuine question - I have very little knowledge on porsche in general and much less on values, mechanicals etc

[anonymous-user]

Carry on you as are - you are getting value out of it. That is what matters.

[rubystone]

A gen 1 story that isn't about engine maladies....a rare thing! Would collective wisdom be that a gen 1, given the model's issues, isn't going to be an appreciating asset? Unless it's had one of these Hartech engine jobs?

[MrJuice]

I haven't looked into 997.1 stats extensively, but from my brief readings, a 2007 car that has not failed at 67k miles is unlikely to go pop. But this thread isn't really about that. This thread assumes the engine stays in tact

I didn't buy it expecting it to appreciate in 3 years, however, am not expecting to halve in value either. Maybe it might halve if it's 100k+ by the end of year 3. Dunno

[battered]

I'd be very surprised if a recent model car doing 20k a year didn't halve in value over 3 years. Very surprised indeed.

[Magic919]

MrJuice said:

2-3k extra at the end of year 3

This one.

It's easy to fixate on mileage, but condition varies a lot with used 996/7s and makes quite a difference to value. By the time it is 12 years old I don't expect a huge drop for the extra miles.

[battered]

Magic919 said:

At the current rate of 20k miles a year you'll probably drop the value by £2-3k versus sticking 10k miles a year on the car (assuming you sell at year 3).

So the difference between (say) a 60k mile recent 911 and a 90k mile, same year, 911 is only £2-3k? Doubt it.

[Magic919]

I don't think a 12 year old 911 is recent. Add the miles to the OP's starting figure.

[battered]

Magic919 said:

I don't think a 12 year old 911 is recent. Add the miles to the OP's starting figure.

Recent or not, the point stands. So 122k miles plays 92k miles. £2-3k difference? I'd say all that and more, especially as one is the wrong side of 100k.

[Magic919]

We don't need to agree.

[gl20]

Good thread. Couple of things

- OP : one thing for certain. The sorts of roads you drive on won't impact the value.

- AvonM : I hope you mailed the graph to the dreamer/outlier trying to sell his 60k car for way more than anyone else!

[brownspeed]

MrJuice said:

I haven't looked into 997.1 stats extensively, but from my brief readings, a 2007 car that has not failed at 67k miles is unlikely to go pop. But this thread isn't really about that. This thread assumes the engine stays in tact
Dunno

Hmmm, previous owner of mine (997.1) got to about 67k, then guess what happened.....

[rubystone]

brownspeed said:

Hmmm, previous owner of mine (997.1) got to about 67k, then guess what happened.....

Mileage is by no means a determinant for when a gen 1's engine will let go. Which is why their values will remain soft.

[MrJuice]

brownspeed said:

Hmmm, previous owner of mine (997.1) got to about 67k, then guess what happened.....

Oh dear. What year was the car?

[grumpynuts]

Doing 20k pa over 3 years will drop less in value than going out and buying a new Audi TT and watching the first 12 months drop in value. Keep on enjoying the car, and when it gets to 100k, regard it as worthless and drive another 100k. When it gets to 200k, look back and it will have worked out at pretty good value.