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chris holmes
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Joined: 13 Aug 2006
Posts: 8
Location: alfreton, derbyshire


PostPosted: Wed Nov 22, 2006 7:58 am    Post subject: Reply with quote

looking at 997`s at early to mid fiftys on 54/05 plates private/independant dealers with all the important extras and colour combos. But really worried about the dip I might take on 18 months ownership.

I know none of you have a crystal ball, but what would you expect the car to depreciate by over 18 months.

chris


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Philip1972
Imola


Joined: 27 Mar 2005
Posts: 850



PostPosted: Wed Nov 22, 2006 8:06 am    Post subject: Reply with quote

Lots


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chris holmes
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Joined: 13 Aug 2006
Posts: 8
Location: alfreton, derbyshire


PostPosted: Sun Nov 26, 2006 3:31 pm    Post subject: Reply with quote

anybody have any ideas at all?

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mark pearce
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Joined: 06 May 2004
Posts: 2733
Location: Nationwide


PostPosted: Sun Nov 26, 2006 4:14 pm    Post subject: Reply with quote

IMHOI think for a C2S

A 59995 is probably worth 55 in the trade, in 18 months time i think it'll be worth about 40/45 trade 45 to 50 retail subject to mileage

C2 non S appear to be a lot less desireable


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sTTu
Spa-Francorchamps


Joined: 29 Sep 2006
Posts: 320



PostPosted: Sun Nov 26, 2006 6:28 pm    Post subject: Reply with quote

Previous poster wrote:
Quote: Originally posted by mark pearce on 26 November 2006

IMHOI think for a C2S

A 59995 is probably worth 55 in the trade, in 18 months time i think it'll be worth about 40/45 trade 45 to 50 retail subject to mileage

C2 non S appear to be a lot less desireable


Thats not bad ! I was hoping that in two years my (4 year oldby then) C2S with 20,000 miles on the clock will be worth around 50K. It thats the case, I'd be chuffed !




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Dijon


Joined: 10 Nov 2005
Posts: 7590



PostPosted: Sun Nov 26, 2006 8:58 pm    Post subject: Reply with quote

We were discussing this last night - if you can get away with 5K per year on a nearly new 997 you are doing really well. More likely to be 7K though.

If you can get a 54 plate C2S for low to mid 50Ks then in a couple of years you will get 42K + for it easily.

All IMO though.


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chris holmes
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Joined: 13 Aug 2006
Posts: 8
Location: alfreton, derbyshire


PostPosted: Mon Nov 27, 2006 8:19 am    Post subject: Reply with quote

I don`t mind losing 7k a year. Just looking for the right car now with 50k to spend.

Anybody else got any thoughts?


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mark pearce
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Joined: 06 May 2004
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PostPosted: Mon Nov 27, 2006 8:30 am    Post subject: Reply with quote

you wont get a C2S for 50K,

a C2 with a bit of searching, but for 50K the only C2S i think you'll find will be 25/30,000 Miles

there are C2 for 51/52

The C2S appears to be the one people want

c2s=3.8

c2=3.6


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Donnington
Donnington


Joined: 31 Dec 2002
Posts: 12736
Location: Nürburgring Nordschleife

2003 Porsche 996 GT3 Mk2

PostPosted: Mon Nov 27, 2006 10:05 am    Post subject: Reply with quote

Previous poster wrote:
Quote: Originally posted by chris holmes on 22 November 2006

looking at 997`s at early to mid fiftys on 54/05 plates private/independant dealers with all the important extras and colour combos. But really worried about the dip I might take on 18 months ownership.

I know none of you have a crystal ball, but what would you expect the car to depreciate by over 18 months.

chris



mid 50's today to mid 40's in 18 months+ depends where you sell and how.....




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rohit
Newbie


Joined: 24 Nov 2006
Posts: 9
Location: United Kingdom


PostPosted: Tue Nov 28, 2006 9:11 pm    Post subject: Reply with quote

997s have really been hit hard recently. The OPCs are bidding 15k-20k less than the original price for a one year old 997C2S.

This is unheard of for a 911. With Porsche chasing volumes, the uncertain economic climate, and the facelift model around the corner etc... the previous wonderful residuals are no more.

Remember once you come to sell, the market for private buyers for cars of this value is small. Most would prefer the perceived reassurance of paying extra at the OPC. So as usual they have a captive market, which they exploit with margins approaching 10k.

I guess once a 997C2S has taken the initial hit, if it has a nice spec, and you don't pile on the miles 6-7k/year loss is feasible.




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Fingers
Imola


Joined: 12 Jun 2004
Posts: 854
Location: Sydney, Australia


PostPosted: Tue Nov 28, 2006 10:08 pm    Post subject: Reply with quote

Based on Rohits comments the best way to buy in the UK is to get a PPI, buy privately get a Porsche warranty . You don't see many cars available with a price of GBP 15-20K less than new.

If the car is only a couple of years old I wouldn't be worried at all about buying second hand! At the end of the day even if you buy from an OPC something can go wrong. At any rate, I would give a little extra to a private individual than pay a whole lot extra to an OPC.


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chris holmes
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Joined: 13 Aug 2006
Posts: 8
Location: alfreton, derbyshire


PostPosted: Wed Nov 29, 2006 7:56 am    Post subject: Reply with quote

so if a 997 c2s is 60K at OPC I should be getting the same car for 52K private?

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Dijon


Joined: 10 Nov 2005
Posts: 7590



PostPosted: Wed Nov 29, 2006 11:37 am    Post subject: Reply with quote

More likely the private seller would try and split the difference and get 55K for it. You might get one down to 52 though. I havene't seen any at that price though.

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sTTu
Spa-Francorchamps


Joined: 29 Sep 2006
Posts: 320



PostPosted: Wed Nov 29, 2006 12:42 pm    Post subject: Reply with quote

I looked for a private car, but just couldn't find what I wanted, plus the amount of time it takes is so huge that although I might have saved a chunk of money, I just couldn't afford the time, I think people forget that part of it sometimes. I've come to the conclusion that cars just loose much more than you ever plan anyway. So buy it, drive it, enjoy it and sleep soundly in the knowledge that your 911 will probably loose no more money than if you bought a brand new Vetra Very Happy


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Donnington
Donnington


Joined: 31 Dec 2002
Posts: 12736
Location: Nürburgring Nordschleife

2003 Porsche 996 GT3 Mk2

PostPosted: Wed Nov 29, 2006 1:16 pm    Post subject: Reply with quote

Previous poster wrote:

Quote: Originally posted by sTTu on 29 November 2006

I've come to the conclusion that cars just loose much more than you ever plan anyway. So buy it, drive it, enjoy it and sleep soundly in the knowledge that your 911 will probably loose no more money than if you bought a brand new Vetra Very Happy


exactly ""!""


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