992.1 Turbo S prices

[Deep]

I've been out of Porsche ownership for a few years now. I ran a 991.1 Turbo S for a few years and am thinking of getting back in to a 911 of some flavour.

Anyway, I'm looking at used 992.1 Turbo S models and am slightly surprised by how expensive they still are. 2020/2021 cars that aren't very high mileage or four plus previous owners etc are about £140k at OPC. From what I remember the car was £155k at launch, and assuming £10k of extras that puts the car at about £165k. So an asking price of just £25k less for a 4 to 5 year old car seems ridiculously good residuals.

Were they made in very low numbers? Or have I got rrp at launch wrong? Am I missing something else?

Thanks

Edited by Deep on Wednesday 12th November 17:36

[JamesW]

Think you are missing the incredibly oportunistic pricing that Porsche have applied to the latest models! (And the resultant lack of current buyers!)

Assuming of course you are actually looking at 992.1 Turbo S (Rather than a 991.1!).

I'm in the same boat at the moment - I have a 991.2 Turbo Cab at the moment, and am planning on changing it in the Spring - but to get what is pretty much the same car but a generation newer, I'm looking at roughly a £50K premium over what I paid in 2021.

Does make you ponder other brands as well (and I've been a loyal Porsche driver for 20 years!)

Edited by JamesW on Wednesday 12th November 16:41

[acwh]

It may have been 155k at launch but that rose over the subsequent years of sale. Base price on my invoice in 2022 was 141k plus VAT.

Most vehicles were well north of 180k.

[Nuttcase]

Your numbers are correct. The MY2020 Turbo S was just over £155k but residuals of all models have been supported by new car price inflation. By the time production ceased in 2024 the list price had increased to £180,600! You should also account for dealer margin which is going to be in the range of £15-20k for a Turbo, to determine true depreciation.

[Deep]

acwh said:

It may have been 155k at launch but that rose over the subsequent years of sale. Base price on my invoice in 2022 was 141k plus VAT.

Most vehicles were well north of 180k.

That's very interesting. So a 2022 car had a base price of £170k, and as you say most cars will be specced with at least £10k of extras.

I'll need to up my budget or look at a different variant 911 variant.

Thanks

[Jeremy-75qq8]

I have a 2021 turbo s cab. 32k miles when bought £38k now.

I paid £117k 12 months ago.

Prices generally are softening but the softening will be limited by the huge prices of the new cars.

There are lots of very low miles cars about which I suspect have been clocked / mileage blocked as I just don't believe these cars sit in garages.

Look on the auto trader tracker. Find one that has been sticking and make a bid. They don't fly off the shelves unless property priced.