Expected value in a few years

[madason2k]

I dont expect not to lose money i just hope not to lose as much as i did a year ago when i sold my M3 which i bought 2 years before and lost 17k of its value in those two years.

So for people who have owned one of these cars and sold it or know of its current value. If i buy one now 30k lets say and put 10k miles on it what is the expected value in a couple of years surely it will not be as low as 23k which would be same value lose as i have before. I dont expect this to happen as these cars are older now and have lost 60k from when they were new 8 years ago.

Just asking so i make the right move thats all i want the car and have done for a few years so that must say somthing but dont want to make a mistake and lose a big amount of money.

Thanks
Gareth

 

[ChrisW]

I bought an M3CSL new, it cost £56k and I sold it for £32k two years later. The same car now would be worth £30k : ) -- if in the same condition and with only a few more miles.

I sold it for a GT3 MKII, lovely spec but demo, for £67k (retail £82k). I sold that two years later and with similar mileage for £52k.

I bought a GT3RS for 59k, had to spend £3k on it --- (bit if bad luck with oil seals and radiators), and sold it for £63k --- after a year.

Bought a 996 X50 TUrbo, the nicest nicest car for £50k, and sold it for £46k --- and it's probably still worth more than £40k.

Notice a pattern ?

If you want a new car you will pay for it, but Porsches (used) to cost less than most.

Buy a secondhand car, and you will lose less so long as you buy wisely.

Buy a really good quality old car with a impeccable service history and Porsche quality engineering and service behind it (both OPC and specialist), and your motoring costs can become glacial ...

What would a really good old 996 Turbo cost you ? 50k miles ? £30k ? £28k ?

What would that car need to have happen to it, for it to be worth £23k ?

So you may spend £3 or £4k to fettle any unexpected problems, but what did your M3 cost you ?

Mine cost me £24k in 2 years : )

 

[mnk303]

ORIGINAL: ChrisW

Notice a pattern ?

If you want a new car you will pay for it, but Porsches (used) to cost less than most.

Buy a secondhand car, and you will lose less so long as you buy wisely.

Buy a really good quality old car with a impeccable service history and Porsche quality engineering and service behind it (both OPC and specialist), and your motoring costs can become glacial ...

What would a really good old 996 Turbo cost you ? 50k miles ? £30k ? £28k ?

What would that car need to have happen to it, for it to be worth £23k ?

So you may spend £3 or £4k to fettle any unexpected problems, but what did your M3 cost you ?

Mine cost me £24k in 2 years : )

So so agree, I try never to buy brand new unless I feel its a car I will keep for 3-5 years...which I dont

 

[DivineE]

The current market hasn't been good for anything but BMW's were hit hard. I lost £10k in 12months on my Z4M Coupe. That'll teach me for buying it instead of a Carrera 2[8|] isn't hindsight a wonderful thing!

 

[Andrew M Bonner]

I would largely agree with Chris over buying second hand and making a wise purchase.

Gareth, if you do your homework 'I believe 'you can largely have your cake and eat it'. A 30k budget is not exactly what I paid for my 964 (3.6) T in April '08, but the rule of thumb does still apply. In 7 months the car gained over 8k in value; if i still had it today it would have gained over 10k.

The story was slightly complicated by my cars early demise in April '08; but if you look at values since late '07, the facts speak for themselves really.

Good luck with your search....maybe you could consider stretching your budget a bit and opting for a good 993T? Jamie at Paragon has usually got a nice selection.

 

[MegatronUK]

The market for the air cooled Turbo's does seem to be a lot stronger than the later cars. A few years ago you could get a good 964 3.3 Turbo for £25k, now you're looking at £30k+... it's the same story with the 3.6; maybe £40k 3 years ago, but now it's probably averaging £50k. Of course there were a lot less 3.3 (and an unbelieveably tiny number of 3.6) turbos produced than there were of the 996 model - so it's down to relative scarcity and high demand; the 996 is unlikely to reach that sort of appreciating figure for a while due to the volume in circulation (though I would guess that demand will slow or stall any further depreciation, despite the large production numbers).
That's my 2p, anyway.