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Discussion Starter · #1 · (Edited)
I paid over 100K for my 718 plus I had a PPF installed and it's in pristine condition and the dealership only offered me 70K. My car is only 9 months old......may just keep it when the 3RS comes in. Have any of you out there that did a trade for a 718 GTS or other Porsche model fair better?
 

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It will be hard to say. One thing I learned when talking to the dealership is that options do not return money very well. When I asked how much the Burmester would add to resale the answer was "almost nothing" compared to Bose. If our cars weren't so highly optioned then the loss would likely be lower.
 

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The first couple of years is always a "hit" no matter what car you buy.

Just for kicks, I looked at a popular economy model I frequently see around here: the Hyundai Santa Fe.
Based on normal options, there are plenty of one-year old versions of these with low mileage for about 60% of original cost.

Someone mentioned to me that McLarens are one of the worst cars in this respect.

The message here is: Keep your car long enough to ride out the original hit.

That won't be a problem for me. I kept my last daily driver for 17 years and I've owned the car in my avatar for 48 years.

Write me in 10 years and I'll bet you a case of Shiner Bock that I still own this Cayman. :)
 

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Discussion Starter · #4 ·
The message here is: Keep your car long enough to ride out the original hit.

That won't be a problem for me. I kept my last daily driver for 17 years and I've owned the car in my avatar for 48 years.

Write me in 10 years and I'll bet you a case of Shiner Bock that I still own this Cayman. :)
That's true.....I typically hold on to my cars quite awhile as well but having to detail two cars.....man oh man. I have to figure out a way of convincing my wife she should take over the car detailing given she is as fastidious as I am but I am pretty sure that would be a hard sell. :laugh:
 

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I paid over 100K for my 718 plus I had a PPF installed and it's in pristine condition and the dealership only offered me 70K. My car is only 9 months old......
Put yourself in the shoes of the prospective buyer who is considering buying your car and ask what you you would expect to pay - my guess is that would be considerably less than retail? Then factor in dealer mark ups etc. This is also something to take into account when haggling for the best price on a new car - ultimately a perceived lower retail price due to discounts will affect your resale value later on.

Also agree that options hold very little value on a second hand vehicle. This is one of the reasons the GTS is perceived to hold it's value compared to other models (i.e. the options are built into the price and no longer options).
 

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I paid over 100K for my 718 plus I had a PPF installed and it's in pristine condition and the dealership only offered me 70K. My car is only 9 months old......may just keep it when the 3RS comes in. Have any of those out their that did a trade for a 718 GTS or other Porsche model fair better?
Hi Old Friend.
I may have traded my 718 for a 911 but I'm still monitoring this forum because it's so superior (or the membership is) to any 911 forum I can find.

Factoring for discount on the replacement, I got £48K net for my 14 month old high spec originally £64,000 Boxster S (now configures at £67K). Big hit. Against £93K net for a mega spec 17 month old 991.2 Cab 2S, originally about £110K (now configures £114K). On the face of it, the 718 has depreciated a bigger percentage than the 911 but if you consider the OPC dealer's prep costs and ridiculously required margin, (they'll probably advertise mine at £55K) I think the depreciation is similar. I'll let you do the math.
 

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Discussion Starter · #7 ·
Hi Old Friend.
I may have traded my 718 for a 911 but I'm still monitoring this forum because it's so superior (or the membership is) to any 911 forum I can find.

Factoring for discount on the replacement, I got £48K net for my 14 month old high spec originally £64,000 Boxster S (now configures at £67K). Big hit. Against £93K net for a mega spec 17 month old 991.2 Cab 2S, originally about £110K (now configures £114K). On the face of it, the 718 has depreciated a bigger percentage than the 911 but if you consider the OPC dealer's prep costs and ridiculously required margin, (they'll probably advertise mine at £55K) I think the depreciation is similar. I'll let you do the math.
Thanks Peter.....I was going to PM you since I knew you had a similar situation to mine but I thought you left the forum entirely. Glad your still in the 718 mix; good people are hard to find. The numbers you provided are indeed helpful and quite relevant. Just communicated with the dealership and since we are buying a 911 through them they considering coming up on the initial offer for the 718 trade.
Regarding the 911 forums, they are fine for researching a particular topic but the quality of the members is very uneven, and they can be downright belligerent. I also signed up for the uk 911 forum they are much more hospitable but couldn't get much info on my incoming Porsche.
 

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I'd keep the 718 a couple more years if I were you. Even if they'd offer high 70s, which I feel is a more reasonable ballpark for a highly optioned MY'18 718 S and considering the bucket of cash you'll leave with them for the GT3. I have no crystal ball but 2-3 years down the road the 718 may very well still be trading in the mid 60s as depreciation slows down.


Who knows - but maybe you'll be happy to have a more tame sports car alternative in the garage whenever the GT3 is getting too intense?
 

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Have you considered selling privately? My experience has shown that this is the best way to minimise losses/maximise your return.
Yes, in general that's what I would do but in this case I feel more comfortable just turning it over to the dealership and be done with the whole matter. They called and increased the offer. Plus when they do the deal they will deduct the trade against the new sale and save an additional 4.5k in new vehicle taxes getting us to an acceptable trade in value. The only wrinkle is they want the car immediately. Will have to sleep on it since I am experiencing pre-separation anxiety. I would normally keep the CS but we already have two other vehicles for the two of us........real tough decision.
 

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The only wrinkle is they want the car immediately. Will have to sleep on it since I am experiencing pre-separation anxiety. I would normally keep the CS but we already have two other vehicles for the two of us........real tough decision.
Ouch! That's a tough one.
When I traded my Macan GTS for the 718 Cayman there was never any talk about handing over the car right away. How could I? The 718 wasn't even built yet at the time...so many unknowns.

They looked at the Macan and gave me a firm offer contingent on
a) below a certain # of miles at trade in
b) 50% tire tread left
and
c) similar condition overall aka no accidents
 

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Yes, in general that's what I would do but in this case I feel more comfortable just turning it over to the dealership and be done with the whole matter. They called and increased the offer. Plus when they do the deal they will deduct the trade against the new sale and save an additional 4.5k in new vehicle taxes getting us to an acceptable trade in value. The only wrinkle is they want the car immediately. Will have to sleep on it since I am experiencing pre-separation anxiety. I would normally keep the CS but we already have two other vehicles for the two of us........real tough decision.
Ah, separation anxiety. I always wanted a Porsche and went through a bunch of compromise cars along the way before getting my 718. The last being my Shelby GT350 which I acquired last August. The Shelby is a fantastic car, but in the back of my mind the desire for the Porsche kept nagging at me. I ended up buying my 718 with the intent to sell the Shelby to help defer some of the Porsche cost. I had a deal with the dealer that sold me the Shelby and was quite happy with their offer for the car. Frankly I couldn't have done much better selling privately and the convenience of not having to deal with the public was nice.
The day arrived to bring the Shelby to the purchasing dealer and three miles into the trip, I started having second thoughts. I called the wife and shared my thoughts and she said don't do it, keep the Shelby. Easy for her, she doesn't have to take care of three black cars.
I'm glad I kept it though. It's so much more different than the 718 and I would have missed it.

Good luck on whatever you decide.
 

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Yes, in general that's what I would do but in this case I feel more comfortable just turning it over to the dealership and be done with the whole matter. They called and increased the offer. Plus when they do the deal they will deduct the trade against the new sale and save an additional 4.5k in new vehicle taxes getting us to an acceptable trade in value. The only wrinkle is they want the car immediately. Will have to sleep on it since I am experiencing pre-separation anxiety. I would normally keep the CS but we already have two other vehicles for the two of us........real tough decision.
How long before you have the GT3?
 

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Discussion Starter · #15 · (Edited)
I had a deal with the dealer that sold me the Shelby and was quite happy with their offer for the car. Frankly I couldn't have done much better selling privately and the convenience of not having to deal with the public was nice.
The day arrived to bring the Shelby to the purchasing dealer and three miles into the trip, I started having second thoughts. I called the wife and shared my thoughts and she said don't do it, keep the Shelby. Easy for her, she doesn't have to take care of three black cars.
I'm glad I kept it though. It's so much more different than the 718 and I would have missed it.

Good luck on whatever you decide.
The way my deal is structured now the 718 will bring an above average private sale price. The other thing, and I know people on this forum can relate to, I can let the car go (maybe) to the dealership and walk away but I don't want several people coming by to test drive my 718. The major issue is the time involved in properly detailing and maintaining two high performance cars. On detailing days it can take 3 to 5 hours which would probably be the same or more with the 3RS. We have a few cars already and my wife is starting to talk about buying a house with at least a 5 car garage (which we found) and room to build another garage if needed. That's starting to sound a little over the top. I am still wrestling with the sale and may ask for a day or two longer or just let it go. It's hard since my 718 has performed flawlessly and is amazing. I absolutely was never into cars but boy are these sports cars thrilling and allot of fun. More to follow.........
 

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Porsche 2018's situation sounds all too familiar to me...I have been in similar situations...I even considered building a 4th garage on my home (glad I didn't do it)...after ordering a new car, I even gave up one that I'd had for less than a year to the dealer (my wife used the cash to remodel our home)...It was never about the money, but I just wanted a fair deal. Half of the excitement of getting a new car for me is the wait, so I never minded not having a car during the wait. Life has thrown me a few curves recently, including unexpected heart surgery causing my 718cs to sit in the garage with less than 1300 miles registered for last 6 months. (I have another month to go) If I end up getting bored with it I told my wife she can trade it in on a new BMW or Mercedes for herself...the lesson being...don't sweat the small stuff..just enjoy the journey
 

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Discussion Starter · #17 ·
...the lesson being...don't sweat the small stuff..just enjoy the journey
That statement reflects great Wisdom. We worry about all manner of stuff and usually it is the stuff we never saw coming or worried about that knocks us for a loop. Literally it's like being broadsided while driving home on a Tuesday night.......you never see it coming.

My friend I hope you have a speedy and uneventful recovery........not to offend anyone but those of us on this forum, based upon our religious beliefs, will keep you in our (their) prayers.
 

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Yes, in general that's what I would do but in this case I feel more comfortable just turning it over to the dealership and be done with the whole matter. They called and increased the offer. Plus when they do the deal they will deduct the trade against the new sale and save an additional 4.5k in new vehicle taxes getting us to an acceptable trade in value. The only wrinkle is they want the car immediately. Will have to sleep on it since I am experiencing pre-separation anxiety. I would normally keep the CS but we already have two other vehicles for the two of us........real tough decision.
You leaving the Cayman S for a 911 speaks volumes to me. You are shaking my desire for a 718. Just being honest.
 

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Goes into the Build shop on the 13th of July and should be one of the first group of 3RSs in country arriving around the end of August beginning of September. The build date moved up from 27th to the 13th of July already and hoping it moves up again.....
I'd talk to your dealer. Expecting you to be without a car for 3 months is pretty harsh. I wonder if this is due to the lack of build slots and new cars not coming in for them.
 

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You leaving the Cayman S for a 911 speaks volumes to me. You are shaking my desire for a 718. Just being honest.
Why? Although both wonderful sports cars, I see them as filling different niches. So it all comes down to which is best for you.

Good luck with your decision - I am sure you will enjoy either one.
 
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