[gowthamn]

Any idea on what would the depreciation of a 718 Boxster GTS would be? Is it the usual 2 years - 73% and 3 years 67% residual? Or will it drop more because of it being 4 cylinder?

 

[TEST DRyVer]

Any idea on what would the depreciation of a 718 Boxster GTS would be? Is it the usual 2 years - 73% and 3 years 67% residual? Or will it drop more because of it being 4 cylinder?

That's almost the exact residual for a Base 718 Cayman for 2 and 3 years. As far as a Boxster GTS, the residual is a bit lower (at least by Porsche lease calculating standards), but I believe the GTS will hold better value than the lease residual would state. Nobody knows yet if the 718's will be worth a bit less in the used car market, we need more time. We have a few pre-owned 718's on our lot now, but they're still pricey. We also have a pristine 981 (2016) Cayman GTS with a manual transmission, ultra low miles, and they're asking for all the money! I think it's listed at (don't quote me on this) $73k. So the 981's are holding really good value right now, and I believe the 718's being a 4 cylinder has helped 981 values stay high. I also believe that 718's will take a year or two before people completely accept and embrace the 4 cylinder, then prices will start holding stronger for our cars. Porsche owners can tend to be fickle and not easily impressed.
If you're getting a GTS, you're safe!

 

[Semitone]

My short answer is "No, I have no idea"

My long answer:

For the past ten years, I have been using the same ballpark working assumptions when used car shopping:

1yr/10,000 miles 81%
2 yr/20,000 miles 69%
3yr/30,000 miles 58%


These % are based off current MSRP of new equivalent models. I have been using them for ten years and they have served me well when negotiating. I'm not even sure where I got them from originally. Combination of running some numbers and research on lease residual values.

They are a benchmark in my mind for negotiation. Typically, Porsche dealers will give a million reasons on why "Porsches are different...yadda, yadda, yadda" but inevitably, I always get the car I want at a price that fits in my framework..OK sometimes it takes two days...

Usually I see dealer "ask" prices 5-10% higher than this but I can get them down with a bit of effort. Even after they tell me I'm "nuts" and "not a chance"

So in my opinion the "matrix" will continue to be the best first guess, at this point. I don't think there is enough solid information to say anything else.

There are a number of factors that offset the percents like bid/ask, CPO, condition, short term fluctuations... but I think the average is still a good place to start. If you are selling a car, it is going to be lower than these numbers, IMO. ( I think many guys who trade in a car don't even know what they got because they are buying a new car and fail to account for what they could get a for a discount off MSRP) e.g. I ordered my 718 GTS for more than 10% discount from MSRP without a trade-in.

Interestingly, if I look prices of 2015/16 Cayman GTS they seem to fit the pattern.

Black Book Weekly Values Lite


I have no reason to believe that the 718 will be any different, regardless of internet chatter about the four cylinder, etc.

Not sure where you got your numbers but they look a little high to me. Maybe you are using original MSRP. I prefer to use "current" because i think it is a better benchmark for "value" but they still shouldn't differ by that much of the the short time frame.

Warning: This is all my own personal voodoo but it has consistently worked for me. Yes there are some outliers like the Spyder and GT4 but many times these are temporary aberrations. I wouldn't expect anything like that for an S or GTS model given the availability.

I don't even know why people think the GTS holds value( as a %) better than the S. Not in my experience. Dealers may try to ask for more but I not convinced they get it out the door.

Finally I do have a tendency to buy my cars in December thinking I can get a better deal. My point being that the residuals probably have a good deal of variation in then due to a multitude of factors.

In the end, the lease residuals will impact decisions and thus help determine supply demand.

Is 67% really the residual for a three year/10,000 mile lease?

 

[nineball]

Not sure where you got your numbers from but they look a little high to me. Maybe you are using original MSRP. I prefer to use "current" because i think it is a better benchmark for "value" but they still shouldn't differ by that much of the the short time frame.

not knocking your system at all but i don't know if that is the best choice due to changes in "standard" options. for example in 2016 the parking sensors were an option, in 2017 they were standard. PSE was an option but now it is standard. little things like that add up $ over the years and could skew the results, no?

 

[Semitone]

little things like that add up $ over the years and could skew the results, no?

I'm not going to say my "benchmark" is the end all, be all but it has worked well for me in negotiating in the past...as a buyer.

I don't think little things like a few options really have a tremendous impact on resale. It may be to you or me, as an individual. For example one of us might look for heated seats or sport chrono but I think in aggregate a lot of this washes out. Years and mileage are all that really count.

Rather than little things, what about a big like 6 to 4 cylinders! I think, as long as the market can bear the new MSRP, I don't think you will see the resale numbers impacted. I don't think to most people the 4 or the 6 is the earth shattering difference that some people on forums see it as. If the performance of the car is better and it looks somewhat similar, the market will just keep rolling along. YMMV.

I don't think you are going to be able to guess resale, one or two years down the road with much more than a +/- 5% certainty, regardless of options.

The economy at the time of resale may impact the resale/residual more than anything.

 

[Optical TDI]

As a point of reference, I just bought a 20 month old 718 Boxster for 29% less than MSRP with just over 9,000 miles.

 

[JakiChan]

When I was debating getting the Burmester system or not I asked my dealer what happens if I go to sell the car. The GM said that both the Burmester and the Bose are worth the same amount on their "wholesale" used car checklist. I don't think options matter on resale that much, unless you're going private.