Porsche Talkin'

[twich54]

Ok......I'm over at my buddys house this weekend and he informs me that he plans on getting a new 911 (2011) ...........MSRP with options is $121,794 (over 5k for a red leather interior, ridiculus IMO) ........anyways here's the rub.....the dealer is only giving him 50k for his 2006 911 Cabriolet, 22, 000 miles, absolute perfect mint condition, off of MSRP !!! That's a loss of more than 50% in a little over four years !!!

oh well I just assumed they held their value better than that.

 

[Hocky]

Virtually no cars hold their value better than that.

 

[Jimna]

Even those in Joe's stable? I certainly hope so!

 

[amey01]

A car is just a money-sink. Pure and simple.

That's why I have *never* bought a new car. For a start, I don't drive it enough, but really - losing (wasting) $60,000 in four years is extraordinary.

 

[Rich]

I can see wanting a new 911 and springing for it. I have considered it myself. It's a classic ride and a true masterpiece of german engineering. What I can't see is wanting to replace it with a newer 911 four years later. These cars are built to be used a long time (kind of like our ML's). Heck, my Mercedes is ten years old, only has fifty thousand miles on it, and is as fun to drive today as the day I bought it. I'll be sorry to see it go when the Jag is finished being restored.

If he feels the need to upgrade so soon from such a great car, then he doesn't seem to have the ability to appreciate what he's got. In that case, he deserves to pay the trade-in surcharge.

 

[Hocky]

Even those in Joe's stable? I certainly hope so!

That is a little bit better being that it is a low production car, but it is still throwing $50k out the window over 4 years.

 

[User211]

Went on a track day and drove a Ferrari 360 Modena (not so new now) and a DB9.

Conclusion: when my sister is fed up with the Vantage she got recently, I'll take it. Might be a few years yet, though.

Ferraris are noisy and uncomfortable. Astons are cultured and nice. Well I think so anyway...

 

[Hocky]

That added refinement comes with a big helping of slow car syndrome, though.

 

[Wardsweb]

Went on a track day and drove a Ferrari 360 Modena (not so new now) and a DB9.

Conclusion: when my sister is fed up with the Vantage she got recently, I'll take it. Might be a few years yet, though.

Ferraris are noisy and uncomfortable. Astons are cultured and nice. Well I think so anyway...

You're speaking to my soul. I'll pass on the Lambo's, Ferraris', Bugatti...but an Aston Martin is spot on.

 

[Andrew Pratt]

Can't say I'm likely to ever drive any of them but I do love the Aston's

 

[Rich]

Astons are cultured and nice. Well I think so anyway...

Totally agree. Love the Astons, from the classics all the way up to the current models.

 

[Rich]

Well, since this is a car thread, and we have sidetracked to English cars, I thought I would post a recent pic of my '55 Jag XK 140 that is currently under restoration. Auto porn, anyone?

 

[twich54]

If he feels the need to upgrade so soon from such a great car, then he doesn't seem to have the ability to appreciate what he's got. In that case, he deserves to pay the trade-in surcharge.

Yep, that's what I told him as well Rich, basically what he's after is the red leather interior and the PDK trans.

 

[Rich]

Yep, that's what I told him as well Rich, basically what he's after is the red leather interior and the PDK trans.

So basically, he is paying about a $50,000 upcharge for red leather interior and upgraded tranny.

And you thought 5k was expensive for the red leather.

Joeyitis is an insidious disease, and strikes car aficionados just like it does audio buffs. In his defense, though, I would say that if you are going to spend upwards of a hundred grand on a car, you better be darn happy with every inch of it. So in that sense, I guess the upgrade is worth it. Assuming he is so satisfied with it that he drives it for the next decade or two.

Like you, though, Dave, I am surprised the really nice cars like this don't hold their resale value better. Perhaps they need to limit production of the new cars a bit to help out folks who want to upgrade every few years. Nothing like a limited supply of new vehicles to help the older ones hold their value.

 

[Hocky]

So basically, he is paying about a $50,000 upcharge for red leather interior and upgraded tranny.

And you thought 5k was expensive for the red leather.

There is a pretty huge overall difference between an '06 and a '10 911 - it is a completely new generation of car. Certainly worth an upgrade. Of course, he should've bought the turbo car, but that is another story. haha

 

[twich54]

Assuming he is so satisfied with it that he drives it for the next decade or two.

well he's 77 years old so that's not to likely, but if i stay on his good side maybe he will leave it to me in his will........:devil: !!

 

[Cherian]

When I was on my Porsche hunt I was amazed how well they held their value. I know it seems like dropping ½ its value in 4 years seems like a lot but trust me for a car this is not bad at all. You want to see cars that drop in value quickly look at any Jaguar, Maserati, BMW, Cadillac, or Lincoln (Contemporary models). The two best cars to hold value are Ferraris and Porsches.

Below is a picture of my 97 Jaguar XK8 that I got in 1999 with 20k Miles for 28,000.00 it dropped more than half in 2 years.

 

[slowGEEZR]

Ok......I'm over at my buddys house this weekend and he informs me that he plans on getting a new 911 (2011) ...........MSRP with options is $121,794 (over 5k for a red leather interior, ridiculus IMO) ........anyways here's the rub.....the dealer is only giving him 50k for his 2006 911 Cabriolet, 22, 000 miles, absolute perfect mint condition, off of MSRP !!! That's a loss of more than 50% in a little over four years !!!

oh well I just assumed they held their value better than that.

Dave, how much did he pay for the 2006? They went for around $81K back then.

 

[twich54]

Dave, how much did he pay for the 2006? They went for around $81K back then.

His is a Carrera S, Cabriolet with high dollar optional forged wheels. It MSRP'd for 101k and change.

 

[slowGEEZR]

Wow. Shows why it makes sense to buy one a couple of years old. I might do that for my next Porsche.