Upgrade Buying Advice Please

[Hasan]

Hello all,
I currently have a very well specced late 2000 996, and am considering selling it to buy a 2002/3 996 C4S.
My question is, if I were to sell mine now, I'd probably get about £28k for it and would have to put another £10k ontop to buy a C4S.
BUT, if I waited another year, how much more would my car depreciate in relation to the C4S? I mean would mine depreciate proportionately less in the next year compared to the C4S?
Would I be better off waiting another year?
I'm thinking that my car has 47.5k miles and is under warranty so I could easily keep it, but I am getting the urge.
Also might my car be more difficult to sell in a year as its a year older and poss 50K miles?
Any feedback is welcome.

 

[Rodney Naghar]

How about saving up a tiny bit more for a turbo instead?

 

[Richard_Hamilton]

C'mon Rod - You are going to push Turbo prices through the roof if you go on at this rate!! [] []

Hasan - the longer you wait, the smaller the difference in values will be. Your car should be very saleable in a year's time with 50k on the clock. That's low mileage, and the price will be affordable to a wider market.

 

[Hasan]

Well yes indeed, although the running costs will be alot higher, that is an option...when I start looking, I'll consider both Rodney.
But, my dilemna is do I try and sell mine now or wait another year whilst the model/s I'm interested in depreciate further (Well more than mine in the next year)....resulting in needing less money to fund a new eventual purchase?!

Hi Richard...thanks for that...I read your post afterwards...your view is certainly shared by my father....

 

[Rodney Naghar]

Sorry Rich, you know I just can't help myself![]

Hasan, obviously as a general rule a newer car will depreciate more than an older car (unless the newer car is rarer or special ie GT3/RS ). However, the C4s seems to have a bit of a cult following which is keeping it's prices relatively bouyant (it trades at a narrow spread to the turbo compared to the performance difference). Even then, I suspect with 997 prices already touching the £40k mark (for high mileage, and mid £40s for above average mileage), this will put more downward pressure on the C4s than your car. It's a difficult call, but the spread between the depreciation of these cars over a year,IMO, isn't going to be more than 2k

But, if by then, your car would run out of it's warranty and pass the 50k mark, the difference may be even less.

 

[Hasan]

Rodney, you make a very valid point on the newer models putting downward pressure on the models directly below/older.
I've just seen a few 997's on Pistonheads for around £47k!, which is a surprise.
All this does suggest to me keeping mine for another year..(I have the Porsche extended warranty by the way, which I would just renew)