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Old Dec 2, 2011 | 12:13 AM
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991 depreciation

I'm putting together my build and was just wondering what you guys would project the 991 Carrera S depreciation would be in, say, 2 years? I'm weighing my options between leasing and buying because I'd be new to leasing, so anything input would be appreciated!

I checked out the estimated msrp of a 2009 911 Carrera S and what it'd be now (2 years later). The depreciation seems to be about 20k for a low mileage, excellent condition. Would you agree? Or am I being optimistic?
 
Old Dec 2, 2011 | 02:12 AM
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are u in CA? if so, don't forget to add almost 10% tax & fee on top of the price on the lost. don't get too confused with buy vs lease. simple way to do is just figure out which way u'll lose less money in the duration u plan to keep & mileage u plan to drive.

expect horrible lease numbers on the 991 when it first come out. certainly u won't find any deals. imo, if u're thinking about leasing, go get a 997 for really good deal now. drive it for 24 months then it's perfect timing to get into a 991. Porsche has some aggressive leasing program on the 997 which makes purchasing pretty pointless.
 
Old Dec 2, 2011 | 02:42 AM
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Yes, I'm in CA. In my scenario, keeping the car for 2 years and driving <5000mi/year produced similar loss on leasing vs buying. Except I have to worry about getting rid of the car if I buy. One of the reasons that might push me to lease it is because I'm not sure how the resale market would be for 991 in 2 years. But you're right, I wouldn't expect there tot be any incentive on lease rates either. Hence my dilemma. (insert first world problem joke). Hopefully I'll get around to visit a dealership this weekend. Thanks!
 
Old Dec 2, 2011 | 03:53 AM
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Originally Posted by ucla bruin
Except I have to worry about getting rid of the car if I buy. One of the reasons that might push me to lease it is because I'm not sure how the resale market would be for 991 in 2 years
shouldn't let that bother u otherwise it wouldn't be the right car for u. unless u're gonna do a PTS hot Pink with Ivory interior?!

my dull math skill tells me base on ur plan, u'll lose more money leasing than buying. i hope the enjoyment of driving it will kill more brain cells than worry about losing its value.
 
Old Dec 2, 2011 | 12:22 PM
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No no, I'm going with the pink on pink custom upgrade. SEMA 2012, here I come! But no, I just wanted to limit all other factors when comparing buying vs leasing so hypothetically be forcing myself to sell at the end of the pretend lease term if it's a purchase.

You're right. I probably will forget about everything else when the keys are in my hands. Definitely will be a fun ride on the streets and track!
 
Old Dec 2, 2011 | 12:31 PM
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I think you should get your 991 in Cardinal and Gold.

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Old Dec 2, 2011 | 12:36 PM
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Holding a brand new car for 2 years is a recipe for a huge loss whichever way you slice it, even with the low miles. You're eating up the slipperiest part of the depreciation curve. I suspect the 991 is going to be a big seller for Porsche, so I would expect a pretty open used market whichever way you go.

If you are wanting to save your pennies, wait until the 991s show up at dealer lots, then negotiate hard on a well-optioned 997.

If you care less about total payment, ask yourself whether you can tolerate driving around in a 997 once the roads start filling up with 991s. That's mostly a question of your perception of the improvement between 991 and 997.

Or.... get a 997 GT3.


Actually, there are very few car-buying scenarios where 'get a GT3' isn't the right answer.
 
Old Dec 2, 2011 | 12:56 PM
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Originally Posted by U-Boat Commander
I think you should get your 991 in Cardinal and Gold.

UBC
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I might become a Brujan or Troin in the near future, in which case that'd be very conflicting. Or would it.....

Originally Posted by PMac
Holding a brand new car for 2 years is a recipe for a huge loss whichever way you slice it, even with the low miles. You're eating up the slipperiest part of the depreciation curve. I suspect the 991 is going to be a big seller for Porsche, so I would expect a pretty open used market whichever way you go.

If you are wanting to save your pennies, wait until the 991s show up at dealer lots, then negotiate hard on a well-optioned 997.

If you care less about total payment, ask yourself whether you can tolerate driving around in a 997 once the roads start filling up with 991s. That's mostly a question of your perception of the improvement between 991 and 997.

Or.... get a 997 GT3.


Actually, there are very few car-buying scenarios where 'get a GT3' isn't the right answer.
Good points! GT3 was considered at first. But let me ask you guys another concern of mine: Which car would be a better choice for potential marketing in aftermarket? (let's say wheels since it's applicable across all 3 models) GT3? 997? Or new 991? which one would a seasoned owner like yourself be more attracted to?

Whichever car is it, it'd be a weekend fun car for me and track maybe once a month. But I'd like to leave the option open for marketing. Personally, I'm flexible because all 3 are great cars. Simplified version: which car would you pick purely for business marketing, 991, 997, or GT3!?
 

Last edited by ucla bruin; Dec 2, 2011 at 01:02 PM.
Old Dec 2, 2011 | 12:59 PM
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Originally Posted by PMac

Or.... get a 997 GT3.


Actually, there are very few car-buying scenarios where 'get a GT3' isn't the right answer.
This until 991 gt3
 
Old Dec 2, 2011 | 01:26 PM
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typical depreciation is about 25% for 2 years. if you know you'll dump the car in 2 years, lease may be the way to go to save the hassle of selling.

new models usually have some issues to be sorted out. so expect the first year models to be less desireable.

if the payments are close, i'd lease. i doubt that'll be the case though. my guess is that lease will add up to over $40k in payments for 24 months. who knows?
 



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