Depreciation

[rholyoake]

Hi - I'm thinking of trading in my my now 5 year old 997.2 Turbo S cab for a GTS Targa at the OPC. My car has about 68k on the clock as I use it most days - why wouldnt you!? There's nothing wrong with it expect for a few "advisory" repairs after last weeks new warranty check. What would you think is a sensible trade-in amount against a £108k 6 month old GTS? The OPC has suggested "book" is sub-£50k! That would amount to £91k depreciation in 60 months - ouch!! I am tempted to stick with the Turbo S and "run it into the ground" for as long as it will keep reliable (which to date has been faultless). If you were in my shoes would you even think about trading up/down or stick with what I have? Is the GTS a better drive? Yes, I know it makes a nice noise and its a 991, but is it that good?

 

[tscaptain]

Stick[]

 

[Lancerlot]

I take it you've driven the 991. It's quieter and nicely balanced but doesn't have nearly the grunt of the turbo 'S', which I would certainly miss. You can get an idea of retail value of your car from Pistonhead and Porsche classifieds.

The general perception seems to be the cabin of the 991 is an improvement, although with the high centre console, I always find it slightly claustrophobic.

Maybe save a few more pennies and go for a Gen 2 Turbo or S later next year? [8D]

Regards,

Clive.

 

[rholyoake]

Thanks guys for the feedback. Yes, I cant see my car going much lower in value, so probably keep open minded to a new Turbo S in a few years as you say. I just think its shocking about residual values nowadays - I wasnt expecting that. Having always bought Porsches outright I think I'll look for a mega finance deal next time with a huge balloon as that's certainly going to be better having someone else take the depreciation hit.

 

[flat6]

I really like the Targa design but my mindset would be similar to Tiff's regarding weight and performance 4:44 to 5:42 in the video.

[link]https://www.youtube.com/watch?v=I77ualn0s0E[/link]

 

[Bear911]

's

Thanks guys for the feedback. Yes, I cant see my car going much lower in value, so probably keep open minded to a new Turbo S in a few years as you say. I just think its shocking about residual values nowadays - I wasnt expecting that. Having always bought Porsches outright I think I'll look for a mega finance deal next time with a huge balloon as that's certainly going to be better having someone else take the depreciation hit.

Ouch I bet the sub £50,000 OPC guide price stung, they are horse traders at times !!

Get a few more years pleasure out of yours, prior to taking the targa GTS path, that's if indeed you do.

After all, you have a quality, well maintained Turbo S which as a daily driver you clearly cherish. []

 

[Rodney Naghar]

Try getting a bid from another dealer like RSJ or JZM etc the OPC bI'd will usually be the worst

 

[Bear911]

I second that Rodney. Some of the OPC also are under a corporate umbrella whilst the likes of Kendal Porsche Centre stand alone. Give Ian Parker a ring, bought my 944 and 911 3.2 from this family business.

I will lay money you will stick with your turbo S [8D]

 

[Rotorhead]

I have had a succession of new 911s since the '80s. I had a 997 Turbo 'S' for 3 years, which was formidable but slightly soulless IMO (having come out of 3 years in a GT3).

In 2013 I had options on the 991GT3 and 991 Turbo, but actually went for a C4'S' in the end, for everyday road use. And 2 years on, I'm more than delighted and prefer it to the Turbo for real world driving. You may miss some of the Turbo's low-mid range surge, but with the 'sport' button pressed there's a lovely smooth power delivery - which would be even better with a decent 6-spd manual box[8|].

 

[Robin M]

GTS is a near GT3 imho. Great car but.... I would keep your Turbo and continue to enjoy it. Whatever else you buy will have higher depreciation than what you will now see on your Turbo.

 

[tscaptain]

Word is that 996 turbo prices are on the up which, presumably, will prop up 997 turbo prices?

 

[rholyoake]

Thanks everyone for the comments. I think the decision is clear. What was I thinking about?! Actually be quite fun to put 100k+ miles on the Turbo S and see how it holds up.

 

[Dylan1]

Good decision

you've taken all the depeeciation on your turbo s

so enjoy some low depreciating years!!

 

[mnk303]

my turbo s only has 24k miles but I am keeping it, I doubt there is much performance difference to a 991 ( give or take 0.1 Sec) and I still get a thrill everything I drive it, it's likely the last fossil fuelled car I will own. What's the point in taking another 5 years of losing money just to say you have the latest model. Mines on sorn for a few months .

 

[Dylan1]

[]Thank God

 

[blueSL]

I agree it's better to keep the 997. Buying a 991 simply puts you back up at the top of the depreciation curve.

I have both a 997 and a 991 and it's far from obvious to me that the 991 driver environment is better. More modern of course but the fancy displays are just that and the mass of buttons around the gear lever is an ergonomic mess.

So, save your money, your 997 will hardly depreciate further and if you need to spend a bit on those advisory repairs, the cost is nothing compared to the depreciation of a new car.

 

[mnk303]

I agree it's better to keep the 997. Buying a 991 simply puts you back up at the top of the depreciation curve.

I have both a 997 and a 991 and it's far from obvious to me that the 991 driver environment is better. More modern of course but the fancy displays are just that and the mass of buttons around the gear lever is an ergonomic mess.

So, save your money, your 997 will hardly depreciate further and if you need to spend a bit on those advisory repairs, the cost is nothing compared to the depreciation of a new car.

Very sound advice, bottom line you can do a lot more with 75K worth of loss than buy a more modern car to take another £75K of loss