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Hello I also have a gts 4.0 the used prices have purely gone down due to interest rates. The prices won’t go down any more then this our cars will be still the same price in 2 years second hand. Interest rates wi start coming down end of this year. Next inflation date 20th September uk. 2 more Bank of England meetings this year. Keep your eyes peeled on interest rates and inflation as that affects our cars value
I would look at the transactions a little differently, the current GTS 4.0 cost you c£68K and I believe even in this market you'd sell that at £65K, it may take a little time as it is so lightly specified, so that would be one transaction, and the loss is c£3K. What you do then is another transaction and the profit/loss can only be calculated once that has gone through the complete lifecycle. I do believe the market will bounce back, this is just a lull in times of high interest and a cost of living crisis, I feel the depreciation over the next couple of years will be close to nil. Good luck and look forward to hearing how this pans out.
I have commented on your previous posts and asked if you have had any regrets not ordering a 911 rather than the GT4. I have traded my 911 C2 (992-2020) back to Porsche Newcastle and ordered a 911T. It made sense and I did expect a long lead in time, however, we are talking Dec 23/Jan 24 delivery. I am having to finance the same amount as I did when I bought in 2020, even though the replacement is £16/17k more at £114k. Assuming that there is not a price hike. I think my point is that we never gain, but they are lovely cars and consider had we/I bought a beama or merc.
Don’t regret it but I sometimes wonder if I should have held onto it. Although I do really enjoy the 4.0 in this GTS. I don’t think I’d be able to step back up to the 992 if I bought a new one now at the increased price. So the decision is if I hold onto this one for the remaining 2 years. Hopefully no more increases as that was a big revalue on all the models! Hope your replacement comes on time Kevan. You are right though. I’ve had a few new model BMW’s and I feel the same way.
Porsche prices have definitely increased. Porsche said they wanted to make more money and they are. I decided to pass on a new Carrera S and order a new BMW M2 instead. That way I can keep my 2017 Carrera and have money left over. Hope all is well. Cheers. 😎
Greetings, can you share why you sold back your 992? I am in the same predicament. I have had my 992 S for over a year. It looks great but for some strange reason not so much urge to drive it. I was wondering if anyone else had the same feelings. Thanks
@@jhan4915 I am out of the country for several months and wanted to place an order for a new 992. When we discussed options, it made financial sense to sell rather than storing the car.I miss it at the moment.
@@jhan4915 I sold mine purely because it was at that weird market time when you couldn't get new cars and at 18 months old I got back what I paid new for it. So I cashed in and decided to order the 718 GTS. Had that not been the situation I likely would have kept the 992 until the end of the finance. Driving wise I do prefer the 718 as I had a 2.0 before the 992 but I still miss the shape. Wasn't as much of a fan of the inside of the 992 though if I am being honest. I don't think I will end up in another one but never say never.
Mate, your computation is a bit off. The dealer doesn't quote your trade with optional equipment. They provide the trade estimate based on the standard equipment of the model. The options are simply that; options you've chosen to add to the automobile.
Yes they are but I do not see where that makes me off. The trade in value is whatever I am offered based on demand at the time whether it’s just based on the standard equipment or not. My car actually only has options added that now are standard equipment a year later other than the PDK gearbox. So the much higher standard equipment car price now matches my optioned car much closer.
Links in the description for my connected video content. Don't forget to hit SUBSCRIBE to catch future videos while I continue to share my Porsche ownership experience.
Thanks for your support & I will see you in the next video! Subscribe link - tinyurl.com/d37kv35c
Hello I also have a gts 4.0 the used prices have purely gone down due to interest rates. The prices won’t go down any more then this our cars will be still the same price in 2 years second hand. Interest rates wi start coming down end of this year. Next inflation date 20th September uk. 2 more Bank of England meetings this year. Keep your eyes peeled on interest rates and inflation as that affects our cars value
I would look at the transactions a little differently, the current GTS 4.0 cost you c£68K and I believe even in this market you'd sell that at £65K, it may take a little time as it is so lightly specified, so that would be one transaction, and the loss is c£3K. What you do then is another transaction and the profit/loss can only be calculated once that has gone through the complete lifecycle.
I do believe the market will bounce back, this is just a lull in times of high interest and a cost of living crisis, I feel the depreciation over the next couple of years will be close to nil.
Good luck and look forward to hearing how this pans out.
I have commented on your previous posts and asked if you have had any regrets not ordering a 911 rather than the GT4. I have traded my 911 C2 (992-2020) back to Porsche Newcastle and ordered a 911T. It made sense and I did expect a long lead in time, however, we are talking Dec 23/Jan 24 delivery. I am having to finance the same amount as I did when I bought in 2020, even though the replacement is £16/17k more at £114k. Assuming that there is not a price hike. I think my point is that we never gain, but they are lovely cars and consider had we/I bought a beama or merc.
Don’t regret it but I sometimes wonder if I should have held onto it. Although I do really enjoy the 4.0 in this GTS. I don’t think I’d be able to step back up to the 992 if I bought a new one now at the increased price. So the decision is if I hold onto this one for the remaining 2 years. Hopefully no more increases as that was a big revalue on all the models! Hope your replacement comes on time Kevan.
You are right though. I’ve had a few new model BMW’s and I feel the same way.
Porsche prices have definitely increased. Porsche said they wanted to make more money and they are. I decided to pass on a new Carrera S and order a new BMW M2 instead. That way I can keep my 2017 Carrera and have money left over. Hope all is well. Cheers. 😎
Greetings, can you share why you sold back your 992? I am in the same predicament. I have had my 992 S for over a year. It looks great but for some strange reason not so much urge to drive it. I was wondering if anyone else had the same feelings. Thanks
@@jhan4915 I am out of the country for several months and wanted to place an order for a new 992. When we discussed options, it made financial sense to sell rather than storing the car.I miss it at the moment.
@@jhan4915 I sold mine purely because it was at that weird market time when you couldn't get new cars and at 18 months old I got back what I paid new for it. So I cashed in and decided to order the 718 GTS. Had that not been the situation I likely would have kept the 992 until the end of the finance. Driving wise I do prefer the 718 as I had a 2.0 before the 992 but I still miss the shape. Wasn't as much of a fan of the inside of the 992 though if I am being honest. I don't think I will end up in another one but never say never.
Mate, your computation is a bit off. The dealer doesn't quote your trade with optional equipment. They provide the trade estimate based on the standard equipment of the model. The options are simply that; options you've chosen to add to the automobile.
Yes they are but I do not see where that makes me off. The trade in value is whatever I am offered based on demand at the time whether it’s just based on the standard equipment or not. My car actually only has options added that now are standard equipment a year later other than the PDK gearbox. So the much higher standard equipment car price now matches my optioned car much closer.