Discussion
Looking to purchase a spyder RS. I wasn't to able to order new as not a preferred customer. Now that used prices have come down to a reasonably sensible level can i have some opinions on what will happen to values over the next 3 years. i'm looking at a very low mileage car with a good spec and can have it at just under list. i just need a shove to do the deal, convince me my money is safe please!!
Getting offered new dealer stock at list. Call around a few dealers perhaps. High Wycombe offered me a new one in the dealership at £139k before Christmas and called me back last week as they still had it for sale.
Nobody has a crystal ball but I'd assume a 15-25% loss (on a sub 10k mile car in mint condition) if you resell within 3 years.
These are an incredible car, but they are quite highly priced, fairly niche, not that limited and unless the market picks up and interest rates come down then there arent a lot of buyers about at the moment.
That sounds like fair advice 
My memories are from earlier years of GT and RS cars ... at that time you could expect a new car to lose 30% of it's value over three years and the average mileage at the time was 8000 per annum.
The lesser cars would lose 40% in the same period, but servicing was reasonably inexpensive, dealers were friendly and when you waited six months for your next car to be built, the dealer would happily take your old car in part-ex or you could of course sell it privately with no recriminations.
If we return to 30% that would be rather more than £10k per annum (plus the mandatory taxes, insurance and servicing) ... but if the new sports car replacement by then is decidedly limiting in its use, then the depreciation could well be less than 30% ...
Question, how much fun do you want to have in the next 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 years ? As long as we keep Porsche in business it could still be under main dealer warranty and you will no longer have a thought to this question ...
It and you may then be a classic ?
My memories are from earlier years of GT and RS cars ... at that time you could expect a new car to lose 30% of it's value over three years and the average mileage at the time was 8000 per annum.
The lesser cars would lose 40% in the same period, but servicing was reasonably inexpensive, dealers were friendly and when you waited six months for your next car to be built, the dealer would happily take your old car in part-ex or you could of course sell it privately with no recriminations.
If we return to 30% that would be rather more than £10k per annum (plus the mandatory taxes, insurance and servicing) ... but if the new sports car replacement by then is decidedly limiting in its use, then the depreciation could well be less than 30% ...
Question, how much fun do you want to have in the next 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 years ? As long as we keep Porsche in business it could still be under main dealer warranty and you will no longer have a thought to this question ...
It and you may then be a classic ?
TDT said:
Assume that the car will depreciate by 10k per year.
Buy at the best price you can knowing that.
Drive the wheels off it and make memories.
Post up about your experience and check out the other countless other buying/values threads that exist on here.
i think 15-20k is more likely. a lot more rs spyders on the way. i've heard as many 200-250 allocated to the uk this year and build may go into 2026.Buy at the best price you can knowing that.
Drive the wheels off it and make memories.
Post up about your experience and check out the other countless other buying/values threads that exist on here.
The number doesnt/shouldnt really matter.
Cars in general are liabilities… so they will cost you money.
Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership.
With that out of the way… Buy it, drive it. Or don’t.
Cars in general are liabilities… so they will cost you money.
Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership.
With that out of the way… Buy it, drive it. Or don’t.
TDT said:
The number doesnt/shouldnt really matter.
Cars in general are liabilities… so they will cost you money.
Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership.
With that out of the way… Buy it, drive it. Or don’t.
true, cars are no longer an asset, unless you are buying the ultra rare and exclusive £1mill+ stuffCars in general are liabilities… so they will cost you money.
Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership.
With that out of the way… Buy it, drive it. Or don’t.
Gib6 said:
Looking to purchase a spyder RS. I wasn't to able to order new as not a preferred customer. Now that used prices have come down to a reasonably sensible level can i have some opinions on what will happen to values over the next 3 years. i'm looking at a very low mileage car with a good spec and can have it at just under list. i just need a shove to do the deal, convince me my money is safe please!!
Looking at the underwritten RV values by Porsche on the used car finder, it shows that you can expect a nicely specced car to be underwritten at circa £80-85k after 3 years. So there's your answer, worst case scenario of course, but IMO you won't be far off those numbers.The reality is the underwritten RV's have been totally decimated on SRS and 4RS over the past 12mths.
That's because of the OPC's oversupply combined with the market ... but who knows what that position may be in five years time ?
They know that if they over-value they may lose out because owners may hand back, if they undervalue everybody is happy because either they get a car back with extra profit or the owner has a deposit to roll into the next car.
They know that if they over-value they may lose out because owners may hand back, if they undervalue everybody is happy because either they get a car back with extra profit or the owner has a deposit to roll into the next car.
TDT said:
Exactly Chris, the low GFV are just a hedge from VWFS, they don’t want to end up carrying the can with an uncertain outlook for ICE vehicles in the future. That’s the end of the story really.
So that just means get funding from somewhere else.
Tyrone. You know more about these cars than all of us put together, your driving skill and technical knowledge is quite frankly remarkable, and for that I honestly do doff my cap to you.So that just means get funding from somewhere else.
But when it comes to your comments on finance, I'm sorry but you are quite some way off the mark. Car finance has moved on dramatically over the past 3-5yrs. To the place where these new low RV's are not a protection hedge by the underwriter, they are indicators baked into values and market control. Anybody who has sold a car recently and/or refinanced recently, can tell you how close to the RV's values are. If you are being quoted a £85k RV on a car in 3 yrs time, you can near as damnest expect it to be there or thereabouts. The days of dealers wanting you to have anything more than a couple of thousand walk away equity, are long long long gone, they'd much rather have that money sat in their bank earning them interest (which they have already charged you interest on as you pay it back!).
Also your comment about getting funding from else where, I have addressed that before. Other lenders do not underwrite as high as Porsche(VWFS), because they can't, they don't have the market/stock data or the control on values, to set RV's that high. You will not find an alternative lender who can quote a higher RV than VWFS.
I do agree that VWFS are taking all of their pounds of flesh now, on both sides of the deal, rather than leaving it to the market.
I can only speak from my experience, and what I would say is maybe you have to think about things differently.
For me this is a very long term car - it will cost me money to own this car as it should - its a car, but there isn't anything else made I would rather have, so I have taken a longer term approach and GFV from VWFS isn't important to me as I'm not going to handing the car back to them.
Maybe things have changed a bit from the summer when I bought... I think that was a window of opportunity that I was able to capitalise on, and conditions now are not as favourable. But fortune favours the brave!.
I can only speak from my experience, and what I would say is maybe you have to think about things differently.
For me this is a very long term car - it will cost me money to own this car as it should - its a car, but there isn't anything else made I would rather have, so I have taken a longer term approach and GFV from VWFS isn't important to me as I'm not going to handing the car back to them.
Maybe things have changed a bit from the summer when I bought... I think that was a window of opportunity that I was able to capitalise on, and conditions now are not as favourable. But fortune favours the brave!.
Edited by TDT on Thursday 16th January 17:17
bennno said:
bookmark this thread for 2028 - if they are 85k then i'll be buying one.....
That is exactly my point and if it is...so what... I'll have had 4 years of fun of my car that I bought at list - in my case. If this government has its way, you won't be able to use by then anyway - so opportunity lost/cost - is also a thing.
Edited by TDT on Thursday 16th January 17:10
Seem to recollect the GFV of a 2018 991.2 GT3 when I bought mine was c£85k after 3 years..... so they have been known to be miles out and GFVs are generally rather meaningless overall.
The SRS moreso than the 4RS is a difficult car to accurately forcast a future value on basically because as others have rightly said it is more niche. Although I can't think of a new car at similar money that could possibly be much of a better hedge against depreciation overall coupled with being a fantastic drivers package this makes it rather a compulsive buy.
If money is important to you don't forget its not now about how much you can make on a Porsche GT like the old days but rather what you don't lose by buying any comparible cars many of which are frankly horrific depreciators.
Main problem now is the the cash buyers for expensive stuff £100k+ have dried up finance rates are crazy and buyers are thin on the ground overall battening down the hatches for the weakening economy under the watch of this s
tshow government.
If you are keeping the SRS for the medium to long term that will be a plus because not only will you be able to mileage in the car and savour the driving experiences as others have rightly said the outlook for this car and timeframe looks good being last of a line etc and reckon they will be in robust demand in a few years in particular and the price will reflect that.
But if your intention is to buy an SRS and sell it again within a couple of years tend to think this will cost you around £40k assuming you do around 5k miles.
The SRS moreso than the 4RS is a difficult car to accurately forcast a future value on basically because as others have rightly said it is more niche. Although I can't think of a new car at similar money that could possibly be much of a better hedge against depreciation overall coupled with being a fantastic drivers package this makes it rather a compulsive buy.
If money is important to you don't forget its not now about how much you can make on a Porsche GT like the old days but rather what you don't lose by buying any comparible cars many of which are frankly horrific depreciators.
Main problem now is the the cash buyers for expensive stuff £100k+ have dried up finance rates are crazy and buyers are thin on the ground overall battening down the hatches for the weakening economy under the watch of this s
tshow government.If you are keeping the SRS for the medium to long term that will be a plus because not only will you be able to mileage in the car and savour the driving experiences as others have rightly said the outlook for this car and timeframe looks good being last of a line etc and reckon they will be in robust demand in a few years in particular and the price will reflect that.
But if your intention is to buy an SRS and sell it again within a couple of years tend to think this will cost you around £40k assuming you do around 5k miles.
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