993 prices

[Porker993]

That's very interesting.

I hear what you say about "nominalising" the statistics for mileage, etc (do you mean "normalising" ?) but the truth is, as mileages get higher, actual prices fall, creating a perception of falling prices ?

 

[Mark Elder]

Yes - very interesting indeed.

Only downer is that I see the largest drop of all (7% for C4 in 2006 - when I bought mine) exactly matches my normal investment luck!

If you spot me buying something, it's time to invest elsewhere.

Seriously, Vince, well done for all the work on this. What do you reckon for the depreciation per mile?
(Although I agree with Jason - who cares, I'm not going to sell! - I just want to enjoy - done 10,000 miles in her in last 12 months)[][]

 

[vinceg]

Good spot on the normalize -corrected. Mustn't trust that spell checker so much"¦.

Below is the mileage adjustment table from the model. Low miles command increasingly steep premiums and if you intend to drive it probably a bad idea to buy at that point. Have noticed cars > 80k seem very hard to sell into the trade but probably some of the best value "" especially the star ship milers if they are sound. Model uses below to adjust against an assumed 60k reference car FYI.

2S 4S C2 C4 Cab Targa TT
0 13 13 10.4 10.4 10.4 10.4 30
10 10 10 8 8 8 8 20
20 7 7 5.6 5.6 5.6 5.6 15
30 5 5 4 4 4 4 9
40 2.5 2.5 2 2 2 2 5
50 1 1 1 1 1 1 3
60 0 0 0 0 0 0 0
70 -1 -1 -1 -1 -1 -1 -2
80 -2 -2 -2 -2 -2 -2 -4
90 -3 -3 -3 -3 -3 -3 -6.5
100 -4.5 -4.5 -4.5 -4.5 -4.5 -4.5 -8.5
110 -5.5 -5.5 -5.5 -5.5 -5.5 -5.5 -10
120 -6 -6 -6 -6 -6 -6 -13
130 -6.5 -6.5 -6.5 -6.5 -6.5 -6.5 -15
140 -7 -7 -7 -7 -7 -7 -16
150 -7.5 -7.5 -7.5 -7.5 -7.5 -7.5 -17
160 -8 -8 -8 -8 -8 -8 -18

I certainly don't live this stuff but have maintained the model over the past few years - few hours a month - as a little background interest. What I did find originally, and still do, is it is not uncommon to see very large variations relative to fair market "" both ways. This much more pronounced in the private sales market. I only use dealer cars in the modeling but do note private cars. So you may have bought that C4 at well below market and hence still worth all you paid.

 

[hanhams81]

Thanks for the opinions. Jason, it's the businessman in me even though I am long retired. My tutor always recommended not to invest in a depreciating asset if at all possible. Difficult to achieve but good advice none the less. My bike is still worth what I paid for it! It seems we have been wise investing in a 993. Knowing just adds another lift to the joy of driving the things.
Hanhams 81

 

[Dylan1]

My tutor always recommended not to invest in a depreciating asset if at all possible.
mine used to say-if it flies floats or fornicates,rent it!!

presumably yours had a bike then []

 

[jdpef356]

And how will knowing what something is worth that you are never going to sell cheer you up a bit?

Well just imagine how you would feel if you thought your house was worth 250K only to get it valued at 200.
Even if you were not going to sell it I bet you didn't have a smile on your face for the next couple of days!

Well its certainly good to know that your selected choice in wheels was wise - of course the real investment is in the pleasure you get from driving your pride and joy. Anything else is a bonus.

 

[Dylan1]

"Well just imagine how you would feel if you thought your house was worth 250K only to get it valued at 200.
Even if you were not going to sell it I bet you didn't have a smile on your face for the next couple of days!"


strange this english preoccupation with house prices and car depreciation(or less deprciation!).any folks from other countries must think us a strange and depressing bunch!!most foreigners just get on and enjoy life[]

 

[jason]

Yup. We worry way too much and stress ourselves to the limit....which is why tbh this country is probably not where I want to spend the rest of my life...there are much more relaxed happier places!

Vinceg is this sold car prices or ones you see 'for sale'. If its not actual sold prices then I'm not sure of the relevance personally as there could be significant differences and non-sellers are going to be the higher averages...just my 2p worth.[]

 

[vinceg]

To your question jason: bulk of my reference figures are 'for sale' as I will obviously see very few actuals - I do get some from various forums etc. I only use trader prices in the model and factor the 'highly variant' trader premiums. In my experience there is little - by way of negotiated £ discount - offered by the principle traders. I accept there may be some small bias on the high side but probably not much.

 

[hanhams81]

Obsessives usually display characteristics other than curiosity. Thanks for the contributions. I conclude values are holding at the moment but my sixth sense suggests some softening is likely in the near/medium term.
Hanhams 81