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benbuhagiar
Spa-Francorchamps


Joined: 28 Dec 2014
Posts: 256
Location: Kent

2008 Porsche 997 Carrera 2

PostPosted: Fri Sep 21, 2018 8:20 am    Post subject: Reply with quote

Kev.K wrote:
Magic919 wrote:
There are plenty of happy 991.2 buyers and I’m sure the 992 will be the same when it comes out. Whilst they are at least £50k more than most 997.2s I expect they won’t impact used prices in any way.

991.1 and 997.2 prices could do with a decent drop to get cars shifting. Can’t see it happening at the minute.


I’ve been looking at cars for sale for a few months. Not many have sold. Some of the prices seem crazy high to me.

I’ve started looking at M6’s. I know it’s a totally different car. But I think they offer amazing value at the moment.

A lot of car, toys and power for £30k.


Will an M6 hold its value? I don't think so. The Porsche may cost more but will lose less money than an M6 over time.
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Norfolk & Idea
Barcelona


Joined: 15 Jan 2016
Posts: 1353
Location: South Yorkshire


PostPosted: Fri Sep 21, 2018 8:25 am    Post subject: Reply with quote

benbuhagiar wrote:
Kev.K wrote:
Magic919 wrote:
There are plenty of happy 991.2 buyers and I’m sure the 992 will be the same when it comes out. Whilst they are at least £50k more than most 997.2s I expect they won’t impact used prices in any way.

991.1 and 997.2 prices could do with a decent drop to get cars shifting. Can’t see it happening at the minute.


I’ve been looking at cars for sale for a few months. Not many have sold. Some of the prices seem crazy high to me.

I’ve started looking at M6’s. I know it’s a totally different car. But I think they offer amazing value at the moment.

A lot of car, toys and power for £30k.


Will an M6 hold its value? I don't think so. The Porsche may cost more but will lose less money than an M6 over time.


Depends where you jump in. At 30k the previous M6 owner(s) have taken the bath for you. I totally get the M6 thing, it's unbeatable bang for buck at 30k. Brilliant cars thumbsup
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TonyC911
Monza


Joined: 06 Jun 2016
Posts: 230
Location: High Wycombe, Bucks


PostPosted: Fri Sep 21, 2018 8:51 am    Post subject: Reply with quote

T8 wrote:

The big skew in the market place is caused by private sellers who struggle to understand the spread that exists between what dealers will pay for stock v what they sell it for and are disappointed with what their cars are actually worth.


Agree

This also makes negotiating rather tricky when buyers willing to buy privately try to enter the 997 market.
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moonigan
Newbie


Joined: 24 Apr 2017
Posts: 24



PostPosted: Fri Sep 21, 2018 9:02 am    Post subject: Reply with quote

99pFlake wrote:
I still don't understand the rise in 996 prices. It's like the interest in them being a "bargain" has caused prices to overshoot Dont know



OPC Bolton have a 996 40th up for £60K on a SOR. Absolute madness. Good examples of these were £20K not too long ago.

http://locator.porsche.com/ipl-customer/ipl/details/details.ipl?md5=e4cd93be9b390349c385c14b6bca47ca&url=uk

I had a WBAC bid on my car (2011 Carrera) for £37.5K a couple of days ago which is always a good barometer of a cars real value and not its speculative value.
 
  
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Kev.K
Trainee


Joined: 31 Jan 2013
Posts: 99



PostPosted: Fri Sep 21, 2018 9:07 am    Post subject: Reply with quote

Thanks for all the replies. It’s good to know others are thinking along the same lines.

I agree a M6 won’t hold its value like a 997, but I don’t really buy cars as a investment. I buy with my heart rather than my head. I bought a new Alfa Brera v6 in 2009 😊 I don’t think they will drop as low as the old v10 as they are so unreliable.

The 4.4 v8 is a epic engine and the interior in a very nice place to be. Spec is usually very high too. B+O, night vision, surround cameras etc.

The only problem is they are too big to enjoy on our crappy roads.

I’d rather have a early 997.2 pdk, but not for £40k.

I agree wit the point made about private sellers wanting dealer money. It’s just not achievable. Especially now has the buyer has more rights if the car has any issues if they buy from a dealer.
 
  
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PGD
Trainee


Joined: 18 Jul 2018
Posts: 75



PostPosted: Fri Sep 21, 2018 9:11 am    Post subject: Reply with quote

So you want prices of a 997.2 to depreciate so you can buy one, then stop the depreciation so you don't lose money? Hand

I think finish the selfbuild THEN look for one tbh.
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Kev.K
Trainee


Joined: 31 Jan 2013
Posts: 99



PostPosted: Fri Sep 21, 2018 9:49 am    Post subject: Reply with quote

PGD wrote:
So you want prices of a 997.2 to depreciate so you can buy one, then stop the depreciation so you don't lose money? Hand

I think finish the selfbuild THEN look for one tbh.


It’s not necessarily that I want them to depreciate. It’s just when I buy a car I look for what I see as good value.

My concern is that they are not selling at their current prices. The one forum member I’ve seen who has sold his car, let it go for a lot less than advertised prices. It was still a dealer who bought it.

Comparing a £40k 2010 Carrera to a £30k 2014 M6 that was over £100k new and there is one winner imo.

I appreciate many buy 911 as a investment but I’m not that type of person.

The self build will be finished in 6-8 weeks. I’m using the VAT return to buy a car and I’m not getting another lease. 1 car for me from now on.
 
  
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benbuhagiar
Spa-Francorchamps


Joined: 28 Dec 2014
Posts: 256
Location: Kent

2008 Porsche 997 Carrera 2

PostPosted: Fri Sep 21, 2018 9:57 am    Post subject: Reply with quote

@Kev.K Can you get a 2014 M6 for £30k? Cheapest 2014 M6 on Autotrader is £35,950.
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Kev.K
Trainee


Joined: 31 Jan 2013
Posts: 99



PostPosted: Fri Sep 21, 2018 11:04 am    Post subject: Reply with quote

benbuhagiar wrote:
@Kev.K Can you get a 2014 M6 for £30k? Cheapest 2014 M6 on Autotrader is £35,950.


I’ve seen them go through auction for less.

I would imagine there is room to negotiate on most cars on AT. Some have been sat for a while.

If I go for one I would get a GC. One of the best looking cars bmw have ever made imo.
 
  
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Kev.K
Trainee


Joined: 31 Jan 2013
Posts: 99



PostPosted: Fri Sep 21, 2018 11:10 am    Post subject: Reply with quote

moonigan wrote:
99pFlake wrote:
I still don't understand the rise in 996 prices. It's like the interest in them being a "bargain" has caused prices to overshoot Dont know



OPC Bolton have a 996 40th up for £60K on a SOR. Absolute madness. Good examples of these were £20K not too long ago.

http://locator.porsche.com/ipl-customer/ipl/details/details.ipl?md5=e4cd93be9b390349c385c14b6bca47ca&url=uk

I had a WBAC bid on my car (2011 Carrera) for £37.5K a couple of days ago which is always a good barometer of a cars real value and not its speculative value.


I agree.

I sold my second car in April. I put it up for £1000 more than the WBAC valuation.

I hate selling cars and didn’t want to insure it for another wet summer as I done 2000 miles in 4 years. Look how that worked out.
 
  
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bludger
Newbie


Joined: 29 Oct 2017
Posts: 25



PostPosted: Fri Sep 21, 2018 1:27 pm    Post subject: Reply with quote

I'm looking to buy a 911 and am monitoring the market.

It seems to me to be broadly split between low mileage cars which fetch a high price (or at least the asking prices are higher) and the higher mileage cars which are lower on a spectrum.

The low mileage I cannot understand because cars are meant to be used and not using them can lead to problems as well as using them. I can see no merit in overpaying for a low mileage car

I'm looking for a 2010/2011 car and am willing to accept up to 75K mileage which only equates to average mileage in the worst case and there are many with mileages less than this. I will only do around 4K miles a year.

I can't help feeling that whilst Porsche is an enthusiasts marque prices have been affected by the low interest rate/easy money climate of the last ten years and my basic stance is to wait. At the end of the day whilst Porsche is a niche marque it does not have quite the cachet of Ferrari (a good thing in my view because a Porsche is much more useable; if I had unlimited funds I would prefer a Porsche to a Ferrari) and cars depreciate over time and most 911s cannot duck this.
 
  
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Lordjimimac
Silverstone


Joined: 13 Jan 2016
Posts: 113
Location: Surrey


PostPosted: Fri Sep 21, 2018 1:42 pm    Post subject: Reply with quote

FWIW ive sold a 996tt and two v8 m3s in the past two years privately.
I have priced them 2/3 between private and specialists trade prices.
Each has taken 1-2 months to sell, and they were forecourt prep with great history.

Now, i have a 997.1 c4s and, as with the previous cars (for better or worse!) have been tracking the sales of these on auto trader (private and trade). I see min 3 sold a week from my list of approx 20 cars (i track all the new to market ones). So, there are many that do not sell, but this is a far far more buoyant market than there was for the e90 M3 Comp packs. There there were the same dynamics of high specialist prices. But again a sensibly priced private sale was possible.

So, my my 997.1 c4s perspective, vs the e90 m3, things look pretty good to me.
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MR997
Newbie


Joined: 05 Mar 2018
Posts: 15



PostPosted: Fri Sep 21, 2018 1:53 pm    Post subject: Reply with quote

Value is always relative to condition, availability and spec/desirablity. Yes you will see a broad spectrum of values but all relate to condition.
The argument of low mileage cars causing more problems than higher mileage is bizarre. A new vehicle has zero miles, is that expected to give problems or faultless performance? I know which I expect when buying a new vehicle. Surely the low mileage poorly maintained cars are the ones to avoid? With the low mileage, well maintained cars the ones to buy as a long term keeper and the higher mileage cheaper cars to buy as a daily?
 
  
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T8
General
General


Joined: 29 Jun 2010
Posts: 14639
Location: Kent


PostPosted: Fri Sep 21, 2018 2:10 pm    Post subject: Reply with quote

bludger wrote:


I'm looking to buy a 911 and am monitoring the market.

I'm looking for a 2010/2011 car and am willing to accept up to 75K mileage which only equates to average mileage in the worst case and there are many with mileages less than this. I will only do around 4K miles a year.



I'm pretty sure that 75k on a 2010/11 911 is well above the average mileage that you will have found in your search. 55k is probably more like it. Any that you find at above that will sell at well below the average asking price for a lower mileage car of the same age.

If you are only going to be doing 4k miles a year these cars may suit you as after a few years the average per year will have reduced but bear in mind that by then a water-cooled 911 with 85k miles+ showing will have an even more limited appeal.
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bludger
Newbie


Joined: 29 Oct 2017
Posts: 25



PostPosted: Fri Sep 21, 2018 2:13 pm    Post subject: Reply with quote

MR997 wrote:
Value is always relative to condition, availability and spec/desirablity. Yes you will see a broad spectrum of values but all relate to condition.
The argument of low mileage cars causing more problems than higher mileage is bizarre. A new vehicle has zero miles, is that expected to give problems or faultless performance? I know which I expect when buying a new vehicle. Surely the low mileage poorly maintained cars are the ones to avoid? With the low mileage, well maintained cars the ones to buy as a long term keeper and the higher mileage cheaper cars to buy as a daily?


What I was suggesting is that low mileage does not equate to no problems; I may be wrong but I was always under the impression that the best condition for a car was regular use. I would not pay a premium for a low mileage car; I prefer one that has been used regularly and, of course, properly maintained.
 
  
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benbuhagiar
Spa-Francorchamps


Joined: 28 Dec 2014
Posts: 256
Location: Kent

2008 Porsche 997 Carrera 2

PostPosted: Fri Sep 21, 2018 3:29 pm    Post subject: Reply with quote

Buy this for £28k, put 8-10k miles on it over 2 years and I don't think you will lose much money.

https://www.autotrader.co.uk/classified/advert/201809050172946?sort=price-asc&postcode=tn233fw&keywords=pdk&advertising-location=at_cars&make=PORSCHE&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&model=911&radius=1500&page=1
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benbuhagiar
Spa-Francorchamps


Joined: 28 Dec 2014
Posts: 256
Location: Kent

2008 Porsche 997 Carrera 2

PostPosted: Fri Sep 21, 2018 3:31 pm    Post subject: Reply with quote

Bit more money but much less miles.

https://www.autotrader.co.uk/classified/advert/201809120438794?postcode=tn233fw&advertising-location=at_cars&make=PORSCHE&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&model=911&maximum-mileage=60000&sort=price-asc&keywords=pdk&radius=1500&page=1

https://www.autotrader.co.uk/classified/advert/201805176611410?postcode=tn233fw&advertising-location=at_cars&make=PORSCHE&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&model=911&maximum-mileage=60000&sort=price-asc&keywords=pdk&radius=1500&page=1
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Shaoxter
Imola


Joined: 06 Nov 2014
Posts: 815



PostPosted: Fri Sep 21, 2018 3:32 pm    Post subject: Reply with quote

Kev.K wrote:
The 4.4 v8 is a epic engine and the interior in a very nice place to be. Spec is usually very high too. B+O, night vision, surround cameras etc.

Have you driven one? Looks great on paper but completely dull and soulless and this is coming from a BMW fan and serial owner. If you're after a sports car, it's not in any way comparable to a 911. But if you're after a GT car with useable back seats and don't mind listening to turbo whooshes and fake engine noises through the speakers then it could be a good choice.

Also you're not getting an LCI with all the toys you mention for anywhere near £30k.
 
  
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qwerty911
Newbie


Joined: 19 Feb 2018
Posts: 41
Location: (North)West Coast of Scotland


PostPosted: Fri Sep 21, 2018 5:16 pm    Post subject: Reply with quote

I’ve just come from a high spec 65-plate F10 M5CP. Unfortunately I can confirm that £35k will now easily buy you one Sad
But you cannot ever compare it to a 911. Totally different cars. Disconnect the fake sound and the M5 is the most perfect, luxurious and comfortable car, but one which has an astonishing and profound performance ability.
Prior to the M5 I had the F80 M3. The M5 made the M3 seem like a vegetarian eco car by comparison!
 
  
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Kev.K
Trainee


Joined: 31 Jan 2013
Posts: 99



PostPosted: Fri Sep 21, 2018 8:24 pm    Post subject: Reply with quote

Shaoxter wrote:
Kev.K wrote:
The 4.4 v8 is a epic engine and the interior in a very nice place to be. Spec is usually very high too. B+O, night vision, surround cameras etc.

Have you driven one? Looks great on paper but completely dull and soulless and this is coming from a BMW fan and serial owner. If you're after a sports car, it's not in any way comparable to a 911. But if you're after a GT car with useable back seats and don't mind listening to turbo whooshes and fake engine noises through the speakers then it could be a good choice.

Also you're not getting an LCI with all the toys you mention for anywhere near £30k.


What do you mean anywhere near?

I’ve seen 6 go through BCA in the last month for less than £30k. I guess as a “bmw fan and serial owner” you need to do some homework.

A M4 went for £22k yesterday.

If you read my post I said they are not comparable?

I completely disagree that the engine is soulless. Nonsense statement tbh.
 
  
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