Paynewright
Montreal
- Joined
- 17 Apr 2018
- Messages
- 541
I lost about £24k in depreciation in 6 years on two new cars - just puts it into perspective.
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Counter Of Beans said:T8 said:It's interesting hearing the views of recent entrants to the world of 911s.
For the record all variants of the 996 actually depreciated to their lowest value in 2013 and have slowly risen back to where they are now.
Asking prices for Carreras are about the same now as they were in 2011.
Right, so the post-crash (2008) years saw values fall. Then we had economic recovery, now normal service has been resumed and depreciation will start to reduce values again. That's how I read it, anyway.
In my view it will only be cheap when it's soldwasz said:Mine has had loads of enquiries, and got 2 solid viewings this weekend, I'm expecting it to go.
Maybe it's too cheap?
Paynewright said:I lost about £24k in depreciation in 6 years on two new cars - just puts it into perspective.
kas750 said:In my view it will only be cheap when it's sold
HSC911 said:Paynewright said:I lost about £24k in depreciation in 6 years on two new cars - just puts it into perspective.
That must have been a Wright Payne :floor: :floor: :floor:
g911omr said:For what it's worth, this was my searching/buying experience that has some relevance when discussing values.
Having sold my 964 in early 2017 I was given the impression that I'd pick up a nice manual 996c2 coupe for a pittance. £10-£12k no problem.
That just wasn't the case and still isn't. Anything in that price bracket was well used and pretty tired.
Anything even remotely decent was/is £16-£18k.
I bought from an enthusiast who had cherished the car for 10 years and so paid extra accordingly.
Just my 2p.
Marky911 said:g911omr said:For what it's worth, this was my searching/buying experience that has some relevance when discussing values.
Having sold my 964 in early 2017 I was given the impression that I'd pick up a nice manual 996c2 coupe for a pittance. £10-£12k no problem.
That just wasn't the case and still isn't. Anything in that price bracket was well used and pretty tired.
Anything even remotely decent was/is £16-£18k.
I bought from an enthusiast who had cherished the car for 10 years and so paid extra accordingly.
Just my 2p.
I'm with you 100%.
No offence to anyone that's contributed but you always get the folk who haven't bought yet, talking the market down and the enthusiasts possibly talking the market up.
Plus, and this is the big factor, we all have different standards. I'm a realistic buyer and seller. I don't expect any used car to be perfect, especially a 20 year old 911, so I'll buy a decent straight one that's stacks up on paper with decent miles. I'll then work through it to make it very good.
When I sell I never try it on and I just try and be realistic. Plus when I want to move on I'm impatient and just want it gone.
The market has cooled but it's just seasonal. Always is. Who is looking for a toy just after Xmas when it's miserable and freezing cold.
That's why I'm saying if you don't need to sell, don't. Wait for the first nice bank holiday in spring when all the toys come out and folk starting thinking 'Ooh I fancy one of those this year!"
I don't think the market is doomed especially for a 996 in a certain spec, such as early C2 or mint C4S. It's just winter.
Plus let's face it, even if you're worried about values, if a £60k GT3 loses £10k, a nice £18k C2 will barely lose £2k or £3k. You'll be pumping way more than that into one anyway.
As for a nice C4S for £13k?? Absolutely dreaming. I guarantee I'd have found some big issues with that. Either huge gaps in its maintenance, hidden faults or just not upto my standards. And I bet you it was Tiptronic.
If you spot anymore, stick me down for 2. One for me and one for the wife. :wink:
£13k.... :floor:
Marky911 said:I don't think the market is doomed especially for a 996 in a certain spec, such as early C2 or mint C4S. It's just winter.
Plus let's face it, even if you're worried about values, if a £60k GT3 loses £10k, a nice £18k C2 will barely lose £2k or £3k. You'll be pumping way more than that into one anyway.
Marky911 said:I kind of agree skinny, but things aren't as easy if you're searching for a specific model. I've twice searched for (and found) a 996.1 C2 manual coupe with sub 80k miles on. Once was 7 years ago for my mate Craig on here and once 4 years ago for myself.
The pool of good cars is tiny. I'd say 70% crap, 20% ok-ish, 10% if that, genuine properly looked after cars.
I've said it before but not every buyer will choose a 997 over a 996 even at the same money. Most maybe would, especially as a daily driver but for some, including me and a good few others on here, a 996.1 is the purer more analogue car with quite a classic dash and interior and nowhere near the amount of bore-scoring (if any) that 997.1s suffer from.
But I agree most people want the newest they can get, especially as some folk do the 'keeping up with the Jones's" thing.
It's an age old argument that used to be had with impact bumper vs 964, 964 vs 993. Eventually the previous model will command more money than the next generation. Although I doubt a 996 will ever be more expensive than a 997.2. :wink:
Parsley by all means stick a link up. I'm not saying that car didn't exist but I guarantee it'll have mega miles or a skeleton in its closet.
One swallow doesn't make a summer, so just because there's been a ridiculously cheap forced sale example, that doesn't mean £13k is the new norm as far as C4S pricing goes. If you think it is, there's only one of us is wrong and it ain't me. :hand:
Happy to be corrected though so let's have a poll. All you C4S owners that paid £13k for your cars, put your hand up. :grin:
So what did you end up buying then and how much did you pay? A C4S for £13k or a sorted Carrera for £12k?
Anyway, how have I got roped into a values thread. Must try harder to ignore them.
I buy what I want when I want and get on with enjoying it. We are here for a fun time, not a long time. :thumb: