You do need to make a distinction between enthusiasts and the vast majority of Porsche buyers. Most people really don't care. It's a Porsche, it drives and it's cheaper then that one over there which looks the same? - good enough. My fairly high optioned base 718 lost value like crazy in year one really. And it was listed for only a couple of thousand more then a low option 718 with a MSRP that was 14K less. Did it sell quick? Yes. But the other one sold as well.To an extent I agree with the above however, one can’t discount the marketability of a high optioned car vs low and the degree to which second hand buyers ( myself included) would simply overlook cars that don’t have the options on my wish list. So, while options may not directly equate to lesser depreciation, the market is just so much more vast with a highly optioned car.
Good news is the hit on a GT2 RS may be somewhat less on a percentage basis....was not pretty in my case.
I agree that if depreciations is an issue you should not be buying a high end car because they absolutely are not investments. Though, I want all the people that consider buying a Porsche with limited finances not to be fooled into thinking as some sales people say "Porsches hold their value" or better yet "you won't lose any money". If you buy a Honda Accord and sell it and lose 20% that's far different then losing 20% on a car that costs 100K plus. If you can afford these cars buy them if not don't................it's not worth the kind of stress you will put yourself and family under. These are just cars........I just don't see the depreciation of a high-end sports car as being all that important when buying new. Plus, once you go over $100k, it becomes just about irrelevant. If you can't afford the depreciation of a $70k+ car, you can't afford the car. That includes the meteoric decline of a car like a Jag or Maserati. Owners of those cars are just burning money.
You got that right was out driving about yesterday drove around 200 miles..........Yeah I figure it costs ~$500 each time mine leaves its garage spot for a weekend run.
Don't really care because I've budgeted accordingly and can swing it. Knock wood.
Not going to say money isn't useful (because I've had none several times!) but the ante for Porsche enjoyment is entirely worth it to me.
Good news is the hit on a GT2 RS may be somewhat less on a percentage basis.
'Pretty' in your case is you're piloting a GT2 RS!
Very true. You look at what an OPC is selling a car for and then see what they will give you for yours, even in p/ex, which of course takes into account any discount factor on the new one. I know they have overheads (opulence is excessively necessary I'm sure), preparation and there is a warranty cost but I reckon you're looking at over 15% as a mark up on what you can sell to them or privately. Does anyone have any knowledge of what their pricing policy is? I'm sure it's similar in US and UK.Not to rain on anyones parade but the theoretical rate of depreciation is great until it intersects reality.......was not pretty in my case.
AgreedI agree that if depreciations is an issue you should not be buying a high end car because they absolutely are not investments. Though, I want all the people that consider buying a Porsche with limited finances not to be fooled into thinking as some sales people say "Porsches hold their value" or better yet "you won't lose any money". If you buy a Honda Accord and sell it and lose 20% that's far different then losing 20% on a car that costs 100K plus. If you can afford these cars buy them if not don't................it's not worth the kind of stress you will put yourself and family under. These are just cars........
You got that right was out driving about yesterday drove around 200 miles..........
Understood; it was a good article but sometimes we take topics/articles and go down a side road or two to help those contemplating a Porsche purchase in the future.....it's all good.The MotorTrend article is not saying there is no depreciation. It is just saying Macan, 718 and 911 hold more value than other luxury cars- at this time, using projections.
Logically perhaps but I'm nowhere near those leagues, not that many are in our run down Little England, and it's gonna get a whole load worse. But after 3 Boxsters, I'm now in a 911. Different people on different income levels (I'm sure the same in the US) have different priorities. We have people in my village who live in fabulous houses (that appreciate) and drive old bangers. Some wealthy people have neither nice houses nor nice cars, presumably getting their kicks from monitoring their paper wealth for the next generation. Still others live in shitholes but drive nice cars (that depreciate) because that's where their priorities lie. I lived in South Carolina for 5 years a lifetime ago and remember walking through some real ghetto neighbourhoods, breeze (cinder) block houses with no windows and doors, visible mattresses on the floor, yet big old (new) Caddies and Lincolns parked on the street.Agreed
If you take the average family income of the average $30,000 Honda CRV owner (around $60,000 USD household income) compared to the average income of a new $70,000 Porsche Cayman owner (north of $300,000 USD [average income of 911 owner is over $500k USD]), the Porsche owner should be able to much better afford to spend the depreciation of their Cayman. Meaning, if using your example of 20% depreciation (it's probably higher), a $6,000 loss is much more significant to the average Honda CRV owning family than the $14,000 loss of the average Porsche Cayman owning family.
If someone is looking to purchase a new Porsche Cayman and has to scrap to afford the car or the payments, that person cannot afford the car. Period. Like I mentioned before, the depreciation of a luxury sports car should be irrelevant to most Porsche owners.
Buying used is a completely separate topic.