Boxster Bubble Bursts
- Thread starter daro911
- Start date
And this is news???? the article suggests that it has not seen any of the cars in the article first hand. £13k buys 97 or 98 MY high miles boxster in the less favourable colours and probably low spec. No suprise there.
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Too many of them about - supply and demand.
Porsches are set to be just like BMW's and Merc's.
They will all go the way of the 944 and 924 - five grand and under - even the 911's (evidenced by 996 being cheaper than 993 already).
Early cars will hold up on rarity and appeal.
Cayennes may resist for a while because they're different (from other Porsches).
The marque is being devalued - no doubt about it.
Lazza
Porsches are set to be just like BMW's and Merc's.
They will all go the way of the 944 and 924 - five grand and under - even the 911's (evidenced by 996 being cheaper than 993 already).
Early cars will hold up on rarity and appeal.
Cayennes may resist for a while because they're different (from other Porsches).
The marque is being devalued - no doubt about it.
Lazza
garyandjanet
New member
I think you will find that Cayennes could be in a bad way too.
We was in OPC Leeds and talking about getting a new copmany car and the word "discount" came into the conversation if we bought a new one from the stock they had outside.
They was a lot of stock.
Checkout http://www.autotrader.co.uk/ there are loads of all model Porsches that would appear to have been dealer registered and then discounted below list! [
] Definitely sign of the current times that are rumoured to be here possibly for another decade [] but lets not even go there []
pvernham
New member
Frankly, I can't understand all this moaning about depreciation and finger pointing at Porsche. There are similar threads on the 996 and 997 forums. Generally we would all prefer a newer car to an older car so there will be a premium for newer/lower miles etc. Porsche is a business and is there to make money, therefore if you part exchange in, they have to make a profit margin.
These early Boxsters have probably depreciated by only £2,000 - £2,500 per annum during their lifetime. That seems pretty good to me.
I'd suggest you need to compare to the depreciation prospect of some Jaguars/Range Rovers/Aston Martins or the cost per mile in depreciation terms of the typical Ferrari. That might cheer you up a bit.
These early Boxsters have probably depreciated by only £2,000 - £2,500 per annum during their lifetime. That seems pretty good to me.
I'd suggest you need to compare to the depreciation prospect of some Jaguars/Range Rovers/Aston Martins or the cost per mile in depreciation terms of the typical Ferrari. That might cheer you up a bit.
Dapster
New member
£13k for a R reg Boxster with 85k miles and no warranty is still a lot of money - you'd be paying a lot less for a similar vintage SLK and Z3, never mind also that R and S plate XK Jags would be around £12k (what are they new - £60 grand?). Also, £13k buys you any number of nearly new Mini Coopers, BMW 3 Series coupes and other metal so it's not all doom and gloom. You didn't buy your Porsche in order to retire did you?
Andrew Killington
New member
intersting point; I was looking at the used prices of 355's and 360's and felt that they had stood up much better than Porsche, probably because they are still very much a niche market
Andrew
The whole prestige market is suffering. It's not the advertised, or asking, prices - it's what people are actually getting that really counts.
From what I can tell Porsches are no worse, probably better, than most other makes.
However, it's simple economics and eventually all these cars will find their true value. And, as always, the very best examples will always sell most easily at the best prices, whereas anything a bit 'iffy' will struggle to sell, whatever the price..
From what I can tell Porsches are no worse, probably better, than most other makes.
However, it's simple economics and eventually all these cars will find their true value. And, as always, the very best examples will always sell most easily at the best prices, whereas anything a bit 'iffy' will struggle to sell, whatever the price..
Michael Downing
New member
Depends on the structure of the finance package. Get it right and it will be Porsche finance's problem.
The snag is that you would have to hand the car back or time your trade in very well.
chrisr
New member
Very valid point Lazza, Ford lost millions in the mid ninities after the GFV's where set to high. Its why a few crafty companies set a ' balloon ' payment at the end of the PCP/Lease term which is not a GFV but just an indication of future value [:'(] so if its £3k the wrong way - then tough.
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