[UintaHairpins]

I am currently in a market for a new car, as I just sold my DD just couple of months ago (2013 328i xDrive). Porsche always has been my dream car and I always wanted a 911, but I just don't think I can afford it anytime soon (that is under factory warranty). Because of that I naturally start looking for 718 as it's much more affordable and is just as fun.

I would like to purchase a used one, as the first couple years depreciation of the brand new cars are just insane. So speaking of the depreciation, I've discovered that cars with more option tends to depreciate much more than the lesser equipped ones based on my research (as far as depreciation % amount goes). And when I say cars with more option, I'm generally referring to cars that are equipped or roughly equivalent to: [PDK, Premium Plus package, Sports Chrono, PASM, Sport Exhaust, Multifunction wheel, Bose sound, CarPlay, maybe premium paint colors] VS lesser equipped cars being: [PDK, Premium package, and maybe Multifunction wheel and Bose sound system included] (I say maybe because lot of the lesser equipped models don't have these)

With those in mind, here are my questions: 1. Price difference between the well equipped models vs less equipped models are anywhere from $10-16k or possibly more in used car market which I find insane and I expect the well equipped models to depreciate even more in the future. In the past, how long does it usually take for the "well equipped" cars to depreciate to a point where the price gap between it and "lesser equipped" models are not crazy like right now?
2. Is it true that the base "lesser equipped" models tend to depreciate less? If this is true I might just go out and get a second hand "less equipped" 718 Boxster under or at around $50k that has CPO warranty because even if I wanted until next summer, I don't think it will depreciate as much as the "well equipped" ones.
3. And Lastly, have any of you have any experience purchasing a CPO model from Porsche dealer? If so how many % of discount can I realistically expect out of them?

I appreciate any inputs or feedbacks.

 

[RotorOver]

I am currently in a market for a new car, as I just sold my DD just couple of months ago (2013 328i xDrive). Porsche always has been my dream car and I always wanted a 911, but I just don't think I can afford it anytime soon (that is under factory warranty). Because of that I naturally start looking for 718 as it's much more affordable and is just as fun.

I would like to purchase a used one, as the first couple years depreciation of the brand new cars are just insane. So speaking of the depreciation, I've discovered that cars with more option tends to depreciate much more than the lesser equipped ones based on my research (as far as depreciation % amount goes). And when I say cars with more option, I'm generally referring to cars that are equipped or roughly equivalent to: [PDK, Premium Plus package, Sports Chrono, PASM, Sport Exhaust, Multifunction wheel, Bose sound, CarPlay, maybe premium paint colors] VS lesser equipped cars being: [PDK, Premium package, and maybe Multifunction wheel and Bose sound system included] (I say maybe because lot of the lesser equipped models don't have these)

With those in mind, here are my questions: 1. Price difference between the well equipped models vs less equipped models are anywhere from $10-16k or possibly more in used car market which I find insane and I expect the well equipped models to depreciate even more in the future. In the past, how long does it usually take for the "well equipped" cars to depreciate to a point where the price gap between it and "lesser equipped" models are not crazy like right now?
2. Is it true that the base "lesser equipped" models tend to depreciate less? If this is true I might just go out and get a second hand "less equipped" 718 Boxster under or at around $50k that has CPO warranty because even if I wanted until next summer, I don't think it will depreciate as much as the "well equipped" ones.
3. And Lastly, have any of you have any experience purchasing a CPO model from Porsche dealer? If so how many % of discount can I realistically expect out of them?

I appreciate any inputs or feedbacks.

While these videos don't answer all your questions on the 718 completely since they are a year old, they still may be good references.

 

[Optical TDI]

As a point of reference, I bought my 2017 718 Boxster with 9,100 miles in March of this year. It is not CPO but warranty goes through June 2020. I paid 29% less than MSRP. Happy to save that much money in exchange for the 9,100 miles the first owner put on in 20 months.

 

[UintaHairpins]

While these videos don't answer all your questions on the 718 completely since they are a year old, they still may be good references.

Thanks, I actually came across to this YouTuber's video little while ago and was only able to find the Cayman video. Didn't know he uploaded the Boxster one as well. Probably not 100% accurate, but it looks like the trend is roughly about -$5000 off the MSRP each year for the first 4 years and then the price decreases exponentially. When I first started my search for 718 Boxster base earlier this summer there was only one car in AutoTrader for under $50k at $49999 and I see few more cars that are priced ranging anywhere from $48-49k. Hopefully with this trend I'd be able to see one as low as mid-40k by next summer.

As a point of reference, I bought my 2017 718 Boxster with 9,100 miles in March of this year. It is not CPO but warranty goes through June 2020. I paid 29% less than MSRP. Happy to save that much money in exchange for the 9,100 miles the first owner put on in 20 months.

Can you share the exact number with me, along with the options if you don't mind? I'm trying to collect some more data points to see how much depreciation cut there is between more equipped models vs less equipped models. It also sounds like you got one heck of a deal. Looks like it only takes the first ~5-6 years until they hit 50% MSRP price.

 

[Viffermike]

It also sounds like you got one heck of a deal. Looks like it only takes the first ~5-6 years until they hit 50% MSRP price.

Which is still far longer than even most other luxury marques. Most hit 50% of MSRP as trade-in value within 42 months. Both my previous BMW and Lexus did this, though the Lexus did barely since it was an in-demand hybrid (CT 200h F Sport).

If the 718 is, by most 'expert' accounts, the Porsche that depreciates the quickest from new, it's still waaaaay ahead of the curve (as it were).

 

[UintaHairpins]

So I submitted a reply and I don't know what happened to it, but it won't appear here. I watched the Cayman video of RotorOver while back but never knew the same YouTuber uploaded the Boxster video. Super useful. I've noticed that the trend is at about -$5000 off of MSRP for the first 3-4 years or so then it starts to decrease exponentially. I hope the base 718 Boxster with some options will be at around mid to low-mid 40k range by next summer.

Optical TDI: Would you mind sharing the options list as well as the MSRP of your vehicle? I'm trying to collect some data points and I'm not sure if I can expect that kind of depreciation (29% is huge!) out of lesser equipped models.

Thank you all for your replies.

 

[Optical TDI]

Optical TDI: Would you mind sharing the options list as well as the MSRP of your vehicle? I'm trying to collect some data points and I'm not sure if I can expect that kind of depreciation (29% is huge!) out of lesser equipped models.

Thank you all for your replies.

Sure I’ll post it for you tomorrow. It has options I wouldn’t have bought and I think you are correct that a lesser optioned 718 will not depreciate as much. Of all places, I bought in March from a Toyota dealer in Chicago. I’m in the Cleveland area. Made the deal, flew out and drive back same day.

 

[cipher]

So I submitted a reply and I don't know what happened to it, but it won't appear here. I watched the Cayman video of RotorOver while back but never knew the same YouTuber uploaded the Boxster video. Super useful. I've noticed that the trend is at about -$5000 off of MSRP for the first 3-4 years or so then it starts to decrease exponentially. I hope the base 718 Boxster with some options will be at around mid to low-mid 40k range by next summer.

Optical TDI: Would you mind sharing the options list as well as the MSRP of your vehicle? I'm trying to collect some data points and I'm not sure if I can expect that kind of depreciation (29% is huge!) out of lesser equipped models.

Thank you all for your replies.

It all depends on condition, mileage and whether it’s CPO, still under warranty etc. I only got about 15.5% off but my base 718 Boxster only had 1700 miles and is CPO. Only options are lava orange, black Carrera wheels, Porsche connect with Apple Play, dual zone climate control and seat heating. What’s weird is that lava orange was not factored into the msrp and I know it’s an $2580 option, at least on the 2018.

 

[Baka1969]

All else being equal, would PDK and Sport Chrono be the two options that suffer the least amount of depreciation? I can also see the ceramic brakes holding some value. Possibly (S)PASM and PTV fairing alright. The rest are mostly, seemingly superfluous and would probably lose the most money.

I could be totally off base too.

However, I would think that, although a used, fairly, highly optioned Cayman might be easier to sell, it wouldn't necessarily command a significantly higher price. Again, everything else being equal.

 

[UintaHairpins]

All else being equal, would PDK and Sport Chrono be the two options that suffer the least amount of depreciation? I can also see the ceramic brakes holding some value. Possibly (S)PASM and PTV fairing alright. The rest are mostly, seemingly superfluous and would probably lose the most money.

However, I would think that, although a used, fairly, highly optioned Cayman might be easier to sell, it wouldn't necessarily command a significantly higher price. Again, everything else being equal.

Based on my research, what you have said above seems to be correct. I've seen cases where a car with premium plus package, upgraded wheel, nav, multifunction wheel, PDK was priced VERY similarly to the ones that are clearly lot less equipped than the one I just described (with similar mileage and same year). It's crazy how much options depreciate and the biggest thing that matters when it comes to used car value is the year model, mileage, title status, and maybe few other important options (like SC, PASM, Ceramic brake, and other high performance upgrades).

I think it might not be a bad idea to hold off until sometime next year to purchase this car, as I will most likely to get a car with much more option for a similar or even cheaper price than now.

 

[JakiChan]

At least one 718 review I saw this week said that 718s are depreciating faster than 981s - folks who are shopping used cars may be holding out for flat six engines.

 

[aeronca65tl]

Just for reference I ordered a new 2018 base Cayman with PDK and paid $54,600 for it.

 

[funky800]

For ref I paid 22% below MSRP on a 2018 with 410 miles only with some nice cosmetic options, carplay, bose - my last car was a jeep and i chose that based on depreciation. If you look at the cars that hold their value the most Porsche 718 and Jeep Wranglers are one of the tops..

I always wanted a Porsche so to find out that its one of the best cars for holding value was a plus.

I did have to hunt for that deal out of state and i am inquiring about making it CPO with my local shop... the downside is today it went in to have the TPMS sensors checked and i was told after owning it 5 days the first year service was due!

This car obviously did not sell quickly and was manufactured a year ago. Needless to say the first service is free but its only done 800 miles - kind of a waste!

 

[FiscNad]

I went through the same questioning before buying. Yes, more equipped vehicles lose more value in percentage. Some on this forum have submitted the idea that options (alone) lose about 80% after 2 or 3 years.


On the other hand, the GTS retains more its value. Here in Canada, if an S and a GTS have been sold for $ 100K in 2015, there will be about $ 20K difference when they resell in 2018 (about $ 72K vs $ 92K). Probably due to the fact that the list of options is smaller on the GTS (because alot of options on the S come standard on the GTS). When new the difference between the S and the GTS is about 14K$.


I suppose the same reasoning applies to a certain point between the base model and the S. There is about $ 14K difference between the original price of a Base model and an S. But when we add to the base model the equipment that comes standard on the S (bigger wheels, etc.), the difference is about 10K$-11K$. When reselling in 2018 (models 2014 to 2016), the difference of $ 10K remains. Of course, all these numbers are +/-.


So IMO the trims themselves (S, GTS, GT4) retain there value better than the options. In the case of the GT4, its value increased.


Good luck and let us know what you will choose !!

 

[dpcompt]

Depreciation

I purchased my '17 CS PDK ( $89,000 factory sticker) June of '17 for 78,000 plus taxes and fees. I checked current NADA values and my car shows a 61,000 WHOLESOLE value. Not bad in my humble opinion. Depreciation is generally the worst in the first two years. When I purchased my car, I found '15 CS PDK's, with higher original stickers than mine for sale offered in the high 60s to low 70's ( retail ). And now I have had two Porsche dealers inquire about purchasing my car. I think the 4 cylinder black cloud is starting to go away.

 

[My718isPorsche#5]

One thing I would like to know is the difference in insurance cost between GTS & S & Cayman base. I called my collecter car insurance co. and they want a vin #. I have 5 cars on my collector policy & when I put the Cayman on for 6,000 miles a year it cost $1000 per year.

 

[Optical TDI]

Optical TDI: Would you mind sharing the options list as well as the MSRP of your vehicle? I'm trying to collect some data points and I'm not sure if I can expect that kind of depreciation (29% is huge!) out of lesser equipped models.

Thank you all for your replies.

Here is my window sticker. Bought it with approx 9,100 miles in March of this year. I needed the 18 way seats which are very hard to find, plus this met some other criteria, so I bought it. Some options I would not have ordered.

 

[UintaHairpins]

Here is my window sticker. Bought it with approx 9,100 miles in March of this year. I needed the 18 way seats which are very hard to find, plus this met some other criteria, so I bought it. Some options I would not have ordered.

Thanks for sharing that with us. It looks like the options you have are exactly the ones I want (PDK, Carrera wheels, Bose, Memory seats, Premium package Plus). So basically by waiting 2 years with some miles, you ended up buying the car at a price below (right?) the original base MSRP WITH all the options. Options depreciation is crazy scary.

 

[cipher]

One thing I would like to know is the difference in insurance cost between GTS & S & Cayman base. I called my collecter car insurance co. and they want a vin #. I have 5 cars on my collector policy & when I put the Cayman on for 6,000 miles a year it cost $1000 per year.

Our Boxster costs about $600 on USAA.

 

[CaymanMatt]

One thing I would like to know is the difference in insurance cost between GTS & S & Cayman base. I called my collecter car insurance co. and they want a vin #. I have 5 cars on my collector policy & when I put the Cayman on for 6,000 miles a year it cost $1000 per year.

There is no difference in insurance cost between base, S, and GTS. I checked before purchasing and confirmed when I finally did insure my GTS. YMMV.