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Fantastic post about the 911 & 997 TurboThis is a discussion on Fantastic post about the 911 & 997 Turbo within the 911 forums, part of the Porsche category; Originally Posted by Luwalira What his guys said is fantastic. I want to send him a piece of ginger bread ... |
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| | #26 | |
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| Re: Fantastic post about the 911 & 997 Turbo Quote:
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| | #27 | |
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| Re: Fantastic post about the 911 & 997 Turbo Quote:
On the upside its good for those buying 2-3 year old nice low mileage Porsches and plan on keeing them a long time
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| Re: Fantastic post about the 911 & 997 Turbo drronh: Well it's not suprising that some 996TTs are dusting in dealerships. A brand new model, the 997 is allready out which makes the old one less desirable and now they the 997TT is around the corner the 996TTs lose alot of their value. On the other hand the 993TT has been able to hold it's value pretty good but that's becasue it's a loved enthusiast car. You do have a point with Porsche producing too many cars but hey they want to survive. Although they produced too many CGTs and more or less anyone in the US can get their hand on one within a few days. In general Porsche cars hold their value very good especially if you compare with AMG cars and such which drastically lose their value the first year. |
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| | #29 | |
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| Re: Fantastic post about the 911 & 997 Turbo Quote:
My point is that these cars are not a good investment, they all depreciate a lot. 10% on a $20K car is not a lot, 10% on a $200K car is. You will not get your money back if you buy a new one- its the law of supply and demand. Porsche makes a lot of cars- Good for Porsche AG, bad for the resale market. Ferrari's hold their value pretty well and if you can get a new "hot" car early and flip it quick you can do okay, but if you're buying cars like this it is for the enjoyment of owning/driving them and you can afford to lose the money if you do not keep the car for long.
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| Re: Fantastic post about the 911 & 997 Turbo The 911 isn't really as exotic as a Lambo or Ferrari and the fact that lots of it are being produced does affect the resale value, hence what you mentioned before, supply and demand. The resale value of a Gallardo isn't exactly high either since Lambo is producing it at a fast pace. The only real investment car these days is the Ferrari F430 which is very hard to get hold of. Just look at cars out on ebay almost every F430 sells for atleast 20% more than factory price. Compared with the Gallardo and 911TT which can be found for around 200. |
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| | #31 |
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| Re: Fantastic post about the 911 & 997 Turbo "....but if you're buying cars like this it is for the enjoyment of owning/driving them and you can afford to lose the money if you do not keep the car for long." Well said The advantage I see in the Porshe is that it is a great "daily driver", which can't be said about all these other cars in other people's garage The beauty of Porsche, which I didn't know until I bought one , is that you can daily drive a monster ![]() |
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| | #32 | |
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| Re: Fantastic post about the 911 & 997 Turbo It's a fine line isn't it, this dichotomy between exclusivity and profitability? Porsche's beanies sometime ago ought to have worked out that model and product diversification was the key to better profits. So it's to be expected that a proliferation of models and the versions thereof was on the cards. The concept of value retention is obviously a simple one of supply vs. demand economics. It's a well known fact that Porsche views left-hand drive markets - notably the US as a single country - as vital to sustainable sales volumes: Sales Activity per Market - 2005 Europe: 58% North America: 34% Rest of the World: 8% Given the intensly competitive automotive market in the States (one has to admit that there simply isn't another car market like it...) it's plausible that Porsche are over-supplying the US with models and that, in the current subdued economic climate, this supply is exceeding demand. To the detriment of resale value. Then again... This is a new age of motoring where car value appreciation is nigh unheard of save for highly exceptional cases involving in-fashion exotica for a finite period of time. Porsches depreciate just like every other car out there. Ferraris and Lambos depreciate too... drive a new F430 off the showroom floor and don't expect to sell it in six months for 75% of it's original price let alone what you bought it for. In South Africa, Porsches hold their value pretty well from a second hand sticker price point of view but owners do take the knock on trade-in. But then, the market here is so small that typically supply and demand are evenly balanced and carefully regulated by Porsche SA. Of course, a serious buyer for a mint GT3 RS is going to cough up. This proves little though as car depreciation is incredibly difficult to measure scientifically when it comes to trade-in values. Nevertheless, Porsche's share price is through the roof, headline earnings per share year on year are up 50% from 2001. I wonder if the same performance could be said of Ferrari or Lamborghini as they stand, peeping from behind mother companies Fiat and Audi's aprons. I sincerely doubt it.
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