Having a bit of cold feet about potential depreciation. Whilst my 2014 Audi S3 and 2015 3 series touring, are worth roughly the same as they were 2 years ago my 2014 low mileage GTS is apparently worth less? 911's on the other hand seem to be appreciating? Should I be putting my money in a slightly cheaper 2016 911 4S? No problem with PPF either. Mind you the insurance is a whopping 300% more! Any thoughts?
GTS 4.0
- Thread starter glenn duval
- Start date
Surprised about your 981GTS residual concerns, as every car I have looked at seems to be mid to late £40s, with some outstanding models selling over £50k and one advertised for £60k although doubt it sold for anything like that. This is about where the market was last year and probably a bit higher than when I started to look in 2021. I could have bought a stunning 981GTS with 25k miles for £41k. At the time I wasn't ready and eventually ended up with a 981S with everything specced, but it won't command the GTS money even if it has all the same options. However I have valuations from PCGB and a couple of buyers who will pay me close to the purchase price of 2 years ago. Even WBAC isn't that far off. Are you going on your OPC trade in estimate, which is going to be ridiculous?Keith Wilson said:
I do sympathise with the nightly cold sweats about spending this type of money, but keep thinking, if I want a GTS I would probably end up sinking nearly £50k into a car that is a best 7-8 years old. For an additional £30k I can have a brand new, last ever ICE engined Boxster, specced as I want and the way things are going maybe even the last year of production.
I then manage to get to sleep.
Yes we are going to suffer depreciation but I still feel they are going to be the most sort after Boxsters in the future excluding Spyders.
Everyone's position is different, but I will be 70 in 2 years, we have no kids to leave anything to and this car will be a keeper (unless my Shark Blue order ever got built in 2024) and I can't take it with me!
On the insurance front, I am struggling to get a quote from Saga my insurers as the car isn't registered yet, but used a demo car for a quote on the model. Churchill came up very competitive at £240 fully comp no commuting. I don't think they worry about PPF.
I wouldn’t worry about depreciation too much. I spoke to my sales guy the day before yesterday and he said that GTS 4.0s are holding their money well and if I wanted to sell it they’d give me what I paid for it a year ago. He also said that there may not be a MY24 but an extension to MY23. They have no more GT4/Spyder allocations coming and MY23 May we’ll be the last for those.
Unless you’re buying a super exotic car, there is always the risk of depreciation, it’s the risk you take. Get the car, enjoy it and worry about the depreciation if/when you come to sell it.
As mentioned before, ring a few OPCs and speak to the dealership buyer and see what they’ll offer. I wouldn’t limit yourself to the local area either. 1 OPC may not want it and low ball but another may have someone looking for one. It’s worth a 10 min phone call or email.
Dan.
Unless you’re buying a super exotic car, there is always the risk of depreciation, it’s the risk you take. Get the car, enjoy it and worry about the depreciation if/when you come to sell it.
As mentioned before, ring a few OPCs and speak to the dealership buyer and see what they’ll offer. I wouldn’t limit yourself to the local area either. 1 OPC may not want it and low ball but another may have someone looking for one. It’s worth a 10 min phone call or email.
Dan.
JurassicGTS said:
Just make sure that after buying the car you are confident that you will have enough income, for a couple, the state pension of up to £21,200pa (from April 2023) is a good start.
We're in a similar (no kids, though not by choice!), but younger, position, sentiment agreed.
I don't bother with PPF (maybe I should) but if you say you'll put PPF on your new car I'd have thought that the insurers would see that you take great care of your vehicle and give you a discount on the premium!
Hope it all goes well
David
Just seems to be Aviva that has this stupid attitude to PPF. Agree it should show you take extra care of your car and therefore lower riskdpoynton said:
Bigcol
New member
If your having cold feet it maybe best not to bother. Your obviously not a car enthusiast wanting to enjoy a car for the driving pleasure it is designed for. The best way to overcome any worries about depreciation is to consider the cost of enjoyment while driving a sports car. If you can’t afford to pay, in the long run, for that enjoyment, then don’t do it. However, One thing that will hold your investment is an old Honda C90. The good thing is that you could use it and enjoy using it, while holding its value. You would also have a scream while riding it and hold a lot of street cred, while being seen on it.
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OuchBigcol said:
DrG1970
New member
JurassicGTS said:
Although I suspect the insurance companies would argue that if the car was involved in an accident it would cost them more money to fix the car and replace the PPF than if no PPF were present. I’m sure since we’re all on this forum we all love our cars and take care of them well… but that doesn’t stop careless motorists crashing into us unfortunately [
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DrG1970
New member
Scrounger said:
Hi Dan,
Which OPC was that if you don’t mind me asking? I’m getting some ridiculous low ball quotes at present and it would be good to get a sensible offer to help me make a decision on whether to keep the GTS or sell it for something a bit more family / dog friendly.
Best wishes,
Gav
My OPC have finally come back and said the alarm is grade 5? How does 5his relate to Cat1?AndrewCS said:
They mean S5
'S5 trackers are the highest specification Thatcham approved vehicle tracking systems available on the market. Previously known as Category 5, Category S5 is the new Thatcham classification for these vehicle trackers.'
'Thatcham Category 5 is the highest specification stolen vehicle tracking device that is approved by insurers. Category 5 gps trackers are ideal for high performance and high value vehicles, and when fitted correctly provide the owner with peace of mind that their vehicle is secure.'
Dan
'S5 trackers are the highest specification Thatcham approved vehicle tracking systems available on the market. Previously known as Category 5, Category S5 is the new Thatcham classification for these vehicle trackers.'
'Thatcham Category 5 is the highest specification stolen vehicle tracking device that is approved by insurers. Category 5 gps trackers are ideal for high performance and high value vehicles, and when fitted correctly provide the owner with peace of mind that their vehicle is secure.'
Dan
But I presume then, they are only category S5 if I pay for the Vodaphone tracking option...whatever Porsche call it?Scrounger said:
Check this monster out. Such a shame to waste a build slot!!
https://finder.porsche.co...0-my22-preowned-QZ8D26
https://finder.porsche.co...0-my22-preowned-QZ8D26
OMG!Scrounger said:
Scrounger said:
Marmite [:'(]
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