ORIGINAL: David Hooper
Sorry long thread coming.
Interesting thread chaps and a difficult pill to swallow Dellbox.
A lot of the problem with residuals is the milage factor. A lot of Porsche owners, and others marques, are obsessed with milage so we as owners are driving (no pun intended) the market to a degree. Another factor is Porsche's have to be specc'd up with 18" wheels, climate and on 987's PCM to agree with the GG value.
Porsche are still booked with very low milage which is crazy with the amount of cars being produced and used as daily drivers.
According to GG if you have a 02/02 2.7 which was around £35 to £37k when new you should have only done 22k miles.
If you compare that with an Audi TT 225 at around £29 to £31k when new you should have done 44k miles.Same with a SLK.
Gets really daft when again GG reckons that in your Cayenne 4.5s on a 03/03 your milage should be 18k. Cayenne should have PCM, 19" wheels,comfort pack, sat nav & heated front /rear seats. With that spec about £56 to £58k.
If you had a Range Rover Vogue in which you get all the above at £60k you should have done 36k.
Why should we do less miles than anybody else ? The same milage figs apply to a £90k Merc SL55 AMG - fine to do 36k miles in that but not in your £90k 911.
Of course when you go into your OPC having only done 32k miles in your 03/03 Porsche you are 14k miles "over book" even though you are 4k miles "under book" compared to every thing else. I'm afraid they then use that to bash you over the head on price.
Every year when I fill in the GG questionaire thingy I make comment on this daft difference. So do a lot of the other traders that deal in Porsche including some OPC's.
In the real market ie an open auction boxsters are at least £2k to 4k off book depending on spec.
Last week in a Lombard sale, a 3.2s manual in seal grey 04/53 with 21k miles (too many according to GG), 18" turbo's, leather sports crested & heated seats, reverse park, alloy interior, full climate,6 cd and last serviced at 18k was sold for £22700 provisional. The next day after I'd done more homework I rang to find out what they needed but it had gone for that price.
Yesterday in a Ford credit sale a 05/05 987 Boxster 2.7 tip with leather, climate, rvs park 17" standard alloys but 18k miles, again too many re GG, made £28700. Nearly £40k new ?
So both cars approx £3k off the book but, if the book had sensible milage figs for them then perhaps they would be better represented. If Porsche included more bits as standard that would help, they are far too dear for the money.
As one of my old boss's used to tell me, when they enter the used market then they realise their true value. You have no choice when new but to pay the price, be it full or discounted, but when the cars enter the used market they are then worth what people will pay.
At the moment people are not paying the money for Boxsters and I have seen some very nice cars floating around the trade recently.
Re the dealers, it's the manufacturers that force them, by witholding back end payments if not up to scratch, to prepare their used cars to "as new" condition. Despite the manufacturers sticking their nose in the used market they do not give a damn about used cars. They don't make used cars they make new cars and, if that used car is priced not too far from the new one then, well, perhaps you might just push yourself into a new car... which is lots more money for them.
But again being driven by the customer who wants his/her used car to be like new. It isn't new it's used, if you want it like a new one you will have to pay the price.
As an aside, BMW M3's - ouch - cheap car for the money with or without sat nav especially convs. Quick though - spring is coming !! Please spring is coming !!
Sorry for the long thread - just remembered why I try not to get into the trade related ones !
Cheers
DPH
] Julian none taken and here is the fuller picture to consider over your next oil change 
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