USMC_DS1

I like to purchase higher mileage single owner 2-3 yrs old cars with some warranty left plus extended warranty, maintain them myself, pay cash, then keep them for an extended period of time. Did this with my prior M3. Retail was ~$50k new... I purchased it 2.5yrs old for $27K then sold it 10 years later for $7K = $2K/yr to own. Cheap considering it was a premium car(M3) and a convertible. Taking a similar approach with my '08 C2S. Purchased it with 45K miles, 2 yrs of warranty, and 2 yrs of CPO left for half off retail. Hope to keep this one for years to come and if I can get $25K for it in 10 yrs... well that would be $2.5k/yr to own. Of course, this does not include maintenance cost and the Mod addiction but then again... I DIY.

Hammer911

I have generally bought used...intuitively I feel like the best deals are 3 year old vehicles. That said, I took a different course on my current car. PCNA demo car '11 C4S with tons of upgrades and add-ons (wheels(not shown), aerokit ,carbon interior, etc. etc.). $128k build, 3k miles 18 months after they first started taking it to dealers for display. 25% discount to msrp. drive it everyday, plan to keep it. Feel like I got a new car without the big first year depreciation hit.
It seems to me I won't end up too far off the curve even though I'll have relatively high miles after 5 years. Somewhat unique car, will just have to find the right buyer. and in the meantime, I'll enjoy it everyday...rain, snow (everything but hail!)

sclemmons

On mine, I think the depreciation has been the greater of $5000 a year or $1 per mile, but I bought mine used. It might be a little steeper than that, or flatter for a different model, but I think that is pretty close for my experience.

PHX 911

I think you'll arrive at more realistic numbers using percentages.
10% per year is average, 12-15% discount per year is a good deal.
So, assuming a $100k car for easy math, 3 years later has a value of $72k or so.
Lot more variables, though.

GregGH

anyone looked at this site for estimates on depreciation ?
http://www.automobilemag.com/am/99/2...18/prices.html

Played around and tracked on 2009 2S .... looks like approx 64% value after 5 years ...that is one of the best. Forbes had some articles showing the better values in the 55% range and the worst vehicles at 29% of original price ...

anyone read zero hedge.com ?? this was posted today ... http://www.zerohedge.com/news/guest-...ine-sputtering

had to search for this one I read a while back ...
http://www.peakprosperity.com/blog/79493/demise-car

Wonder what Porsche production is running at ? I know - it is a secret ...just saying ... what a crazy economy we are in ...

Greg

beden1

I had posted this in another thread and thought it was pertinent here as well:

The resale value of all cars hit their lowest levels ever since the Great Depression during 2009-2010. Sales of Porsche 911s (and Corvettes) fell off a cliff and still have not regained much lost ground.

Here's a link to show the Porsche 911 US sales figures by year from 2002 through 2012 to date. Total sales in 2007 were 12,497 versus total 2010 sales of 5,737, or minus 57%.
http://www.goodcarbadcar.net/2011/01...s-figures.html

I believe that if demand for sports cars picks up again in the years to come, the late model year 997s will hold their values well because there will be a short supply of quality used cars.
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MJBird993

That might explain why I lost my a$$ on my 996 cab when I sold it. Ouch. The lucky guy that bought could sell it today for what he paid me for it.

GregGH

wow - great site --thanks for sharing

Greg

Palmbeacher

That graph is absolutely daft. It either shows a MY2012 declining in value as time recedes into the past, or the value of prior MYs increasing over time?????

USMC_DS1

I like 2-3 yrs old cars with higher mileage(30k-40k) with some warranty left on them. My rule of thumb... the largest depreciated hits occurs during those initial few years and miles. Ironically higher miles are mechanically more desirable on these cars to get thru the initial infant mortality period but mass perception can be otherwise... so that is where the best values are for these cars. For example, my C2S was purchased by the PO in September '08... retail on it was $100K. I purchased it for $49K in FEB '11 with 45K miles. So $51K off retail for a car with 1.5 yrs of original warranty and 2 yrs of CPO. Another way to look at this... 1/2 price for a Carrera S with 3.5 yrs and 55K miles of warranty left vs. a new car with 4yrs and 50K miles of original warranty. If I keep this car for 10 yrs and sell it for $25K... well that would be $2.5K/yr of depreciation over that time. That's pretty decent for a car with this type of heritage and fun factor.

sjfehr

That's not time, that's model years. IE, you could buy a 2005 C2S for $40k, etc. Looking at prices of used Porsches won't necessarily tell you what your particular car will be worth in 3 or 5 years, but it's going to be a pretty good indication.

Palmbeacher

Ah. Perhaps labelling the axes might be useful

hot nikon

I had to look at it twice, it wasn't just you.