johnwoods41
New member
What OPC was this at?
Market
- Thread starter sotoole
- Start date
Just been offered from a main dealer 8 month old Audi A4, 3200, milescost new £29K, for £19995. Guess if that had been traded in it would have been for just over half its new price?
Not the same raw depreciation of a £80K Porsche of course but in % terms a killer. All makes are suffering.
Not the same raw depreciation of a £80K Porsche of course but in % terms a killer. All makes are suffering.
Went on Gen 2 day yesterday.
Silverstone center is pretty cool, the track and facilities very good, doing a Porsche driving course there is going to be a hoot.
Gen 2, lovelly car, but so is the Gen 1. Its lost that little wiggle/twist of the tail under hard turn in and there is less of the nodding dog effect with the front. in fact the C2's feel like the Gen 1 C4's very planted, very secure. But only slightly more than the Gen 1. PDK was awsome, changes quick and seamless, even quite agressive in auto mode with the sport button on (PASM to soft). Deeply impressive cars, if I were buying one new I'd be "over the moon"/ very happy.
BUT - got back into my car, with Short Shift - not a patch on the PDK for speed but boy does it feel good, went down the road, with 13k on the clock its so much looser and rev's so much more freely it feels much much faster. I am sure a run in C2S GEn 2is almost as quick but not the low mileage factory fresh ones.
Having the Power Kit with the Sports exhaust - its sounds so much better now its running in - much louder and more rorty than new.
So I thought about this at 13k miles its just got better and better - so I have not yet enjoyed my car at its best, so am I going to trade it in for a Gen 2 before I've had the best out of this one given I'll have to wait for the Gen 2 to run in before I get a better car?.
Nope sorry not yet, I might treat her to an aero body kit and an engine remap thats all of 5k verses a good £30k hit on trading in for a car that might be quicker round the Nurburgring but doesn't feel quite so special to drive yet
Now a Gen 2 GT3 or Turbo on the other hand...........[8|]
So to pick up on Derek's point earlier - its not worth trading in at under 3-4 years and a good mileage. And until you have a good mileage on the Gen1 you won't know how good a car you had. You'll just rush from one low mileage car to another while paying for some one else to find out how good a car you bought but never enjoyed.
Keep you cars till their older, run up the miles and you'll find out what you've been missing[
]
Silverstone center is pretty cool, the track and facilities very good, doing a Porsche driving course there is going to be a hoot.
Gen 2, lovelly car, but so is the Gen 1. Its lost that little wiggle/twist of the tail under hard turn in and there is less of the nodding dog effect with the front. in fact the C2's feel like the Gen 1 C4's very planted, very secure. But only slightly more than the Gen 1. PDK was awsome, changes quick and seamless, even quite agressive in auto mode with the sport button on (PASM to soft). Deeply impressive cars, if I were buying one new I'd be "over the moon"/ very happy.
BUT - got back into my car, with Short Shift - not a patch on the PDK for speed but boy does it feel good, went down the road, with 13k on the clock its so much looser and rev's so much more freely it feels much much faster. I am sure a run in C2S GEn 2is almost as quick but not the low mileage factory fresh ones.
Having the Power Kit with the Sports exhaust - its sounds so much better now its running in - much louder and more rorty than new.
So I thought about this at 13k miles its just got better and better - so I have not yet enjoyed my car at its best, so am I going to trade it in for a Gen 2 before I've had the best out of this one given I'll have to wait for the Gen 2 to run in before I get a better car?.
Nope sorry not yet, I might treat her to an aero body kit and an engine remap thats all of 5k verses a good £30k hit on trading in for a car that might be quicker round the Nurburgring but doesn't feel quite so special to drive yet
Now a Gen 2 GT3 or Turbo on the other hand...........[8|]
So to pick up on Derek's point earlier - its not worth trading in at under 3-4 years and a good mileage. And until you have a good mileage on the Gen1 you won't know how good a car you had. You'll just rush from one low mileage car to another while paying for some one else to find out how good a car you bought but never enjoyed.
Keep you cars till their older, run up the miles and you'll find out what you've been missing[
]
I'm just not sure that you can do that with modern Porsches anymore. Less than two years ago I bought a four and a half year old facelift 996 Carrera 4 with 28k miles and high spec with exactly that intention.
OPC prices were around £42k at the time, Indies £40k and I saved a bit more by buying privately from a PCGB member. I didn't buy a warranty which was fine in the first year as nothing broke but this year I am £10k lighter for a new engine. The new engine from Porsche will have done nothing to increase the value of the car. Discounting the repair costs (the engine would have been covered if I bought a warranty), the depreciation is beginning to alarm me. I suspect that the (optimistic) p/ex price for mine now would be £23k, private sale £27k, indie retail £30k. That's £10k depreciation in less than 2 years and 20000 miles on a car which had lost almost 50% of its purchase price before I bought it.
Factor in the repair costs (plus some expensive service items such as new discs/pads/tyres and also new condensers for the aircon) and I could have easily run a brand new 997 for less overall. I would certainly rather have lost the extra £10k in depreciation on a brand new car than fork out for a new engine...
Hasan
New member
Hi Dylan,
The market has softened now, but you can't go out and buy a 997 C2S for £35,000 just yet.
I've just seen a C2S on Pistonheads for £40k and that was the cheapest.
Values have fallen recently but there is a point beyond which the depreciation curve starts to flatten out. I genuinely feel in 2 years time, I'll get around £35k for mine as values will firm up by that time.
My next one maybe a low mileage late 996 turbo cab or early 997 cab, so won't have to worry about much money to add for that purchase!
In the meantime....I'm going to enjoy my car []
The market has softened now, but you can't go out and buy a 997 C2S for £35,000 just yet.
I've just seen a C2S on Pistonheads for £40k and that was the cheapest.
Values have fallen recently but there is a point beyond which the depreciation curve starts to flatten out. I genuinely feel in 2 years time, I'll get around £35k for mine as values will firm up by that time.
My next one maybe a low mileage late 996 turbo cab or early 997 cab, so won't have to worry about much money to add for that purchase!
In the meantime....I'm going to enjoy my car [
]
davidcross
New member
the bottom line is that u only ever lose money on cars as a private punter unless u buy a classic so u should never bet more than u can afford to lose. i recon ive done 15k in a year on the 997s i bought from opc last year and the situation aint getting better anytime soon so the best advise is to sit with it. The more people panic the worse it will get and whilst i appreciate some have no choice if we sit tight and porsche wont discount then the situation will ease relatively over a number of years if u sit tight. ive got the nuts of a car and i tend to enjoy it for many years yet. if i have to sell my house at some point then so be it but ill always need a second car so my 997s will be it. enjoy it for christ sake as life is far too short
I guess it's all relative to each person's financial situation. I wasn't over the moon about the price but was glad I got out when I did as the values are set to keep on falling steadily I fear. I also sold a Cayenne S that was 9 months old and I'm not even going to say how much of a bath I took on that as it was far worse than the tt. The whole market is in freefall just now with a lot of people tying to get out of larger engined cars thanks to media induced panic of imminent recession. If you are a cash buyer you could bag yourself some amazing bargains just now. I know of one chap looking to trade a 2 month old M5 that cost over £70k new in against a new Porsche and being offered £45k for his car. I've heard numerous other horror stories in a similar vein so if you don't need to sell then sit tight and let the market settle back into some sort of stability. I drove the gen 2 cars at Silverstone yesterday and certainly wouldn't take a bath on a gen 1 car as the changes are not worth the £ssss hit IMHO.
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