Projected 2 year depreciation on 2010 Gt3?
#1
Projected 2 year depreciation on 2010 Gt3?
What do you guys thing is projected depreciation for a 2010 GT3 with medium options? based on the 2007/08 drop before 997.2 I am thinking approx 10-15k, 5-7 per year for first few years. Sound right?
Please don't reposnd with the boilerplate: who cares, they are not investments, drive what you love, yadda yadda yaddaaa. I'm just looking for number and thoughts about the numbers.
Please don't reposnd with the boilerplate: who cares, they are not investments, drive what you love, yadda yadda yaddaaa. I'm just looking for number and thoughts about the numbers.
#2
Based on less than 5k miles per year and in cherry condition with the right options (PADM for sure) I would guess more like $12k per year. I don't think much worse, but they could. I have a Nov. build on order so I am not painting a bad picture just being realistic.
Last edited by 911dev; 10-04-2009 at 12:26 PM.
#4
I checked TMV before posting. No data for 2010's. 07's are listed at 5-7 per year. I think 12K is high, but possible. $100k selling price in two years for something with a $124K MSRP sounds possible... ?? Probably likely to be something between our estimates, though.
#7
But that's always gonna happen isn't it? Next model=greener grass on the other side
Part of the reason for the depreciation itself. I do agree w you that 12000 may be a bit high
Part of the reason for the depreciation itself. I do agree w you that 12000 may be a bit high
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#8
Sure, however, 3-3 1/2 years from now the 991 gt3 will arrive, hence forcing the .2's prices down. The prices will likely begin to fall ahead of that in anticipation of the launch.
I hope it is less than $12k, probably more like $10k. Either way, gt3's appear -by historical standards- to have the best residuals of any of the 911 variants.
I hope it is less than $12k, probably more like $10k. Either way, gt3's appear -by historical standards- to have the best residuals of any of the 911 variants.
Last edited by 911dev; 10-04-2009 at 02:21 PM.
#10
I think it is really a case of price support than a certain depreciation per year.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.
In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.
In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.
Last edited by sprinty_rs4; 10-04-2009 at 08:28 PM.
#11
I think it is really a case of price support than a certain depreciation per year.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.
In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.
In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.
The poor economy will not last, of course.
I do not believe that $100k is the threshold. I mean show me or any Porsche enthusiast a 997 GT2 in the low $100s and I run there or fly first class to buy it.
The under $100k gt3 sale prices just supports the approximate 10% per year depreciation rate. I would consider this especially good given the pooor climate.
#12
I basically paid 66 cents on the dollar. It was an 08 GT3 model, no stories.
Maybe its me but who isn't getting outrageous, once in a lifetime pricing on a used 911? Yes, its the economics, yes, it will get better, but no one is comfortable dropping $125K+ on any automobile especially when the resale of their current car is terrible.
A 997.1 GT2 isn't 100K yet but I'm seeing prices in the 150s right now...
Maybe its me but who isn't getting outrageous, once in a lifetime pricing on a used 911? Yes, its the economics, yes, it will get better, but no one is comfortable dropping $125K+ on any automobile especially when the resale of their current car is terrible.
A 997.1 GT2 isn't 100K yet but I'm seeing prices in the 150s right now...
#13
#15
997.1's held their value without depreciation for a long while, then they took the entire 12.5k/yr dump as soon as the 997.2's came out.
I was asking the same question when I was in your position, it is easy to hold on to the fantasy that they might not depreciate like other porsches.
https://www.6speedonline.com/forums/gt3-gt2-gt/92228-how-long-do-they-hold-their-value.html
I was asking the same question when I was in your position, it is easy to hold on to the fantasy that they might not depreciate like other porsches.
https://www.6speedonline.com/forums/gt3-gt2-gt/92228-how-long-do-they-hold-their-value.html