but not a Porsche GT2 or a luxoboat MB. If you look at the total cost of ownership, which includes depreciation, a new Stradale/360 Spider/F430 is the only affordable exotic sports car. Case in point. A buddy of mine brought a new GT2 for $200k, drove it for a year, and then sold it for $115k. I also know some folks who brought a Stradale for $200k, drove it for a year, and then sold for, roughly, $180k. You do the math. Dale
Dale, it would be positively irresponsible for you to NOT get one. We're convinced...now you need to talk to Mrs. Who.
Actually I did, but only for a short while, regrettably. A Stradale is definitely one of those cars that is on my short wish list for future cars. Damn that car was fun. Dale
Historically speaking you could have done that with the GT2 or pretty much any other high end sports car if you played your marbles at the right time. I know guys who bought garden variety 996 Twin Turbo's and sold them 18 months later for only $10K less than they paid.....and they are happy with that result. Timing is everything.
Actually, you would do very well to buy a used GT2 now. I can't think of any car that even comes close in performance, and overall driveability- trackable and streetable- for that kind of money.
the point is very valid but something is extremely fishy re: the $115k on the GT2. you can't buy a 2002 (ie: 3 year old) GT2 for $115k NOW - much less a 1 year old one then. perhaps he had a buttload of miles or accident repair work which would have had a similar effect on a CS resale. either that, or he is just an idiot and let someone steal the car from him, but that was NOT fair value (or even close).
Better yet, buy a classic V12 thats on the appreciation curve and get paid to drive it for a year or so if you could force yourself to sell it after experiencing the right car, they certainly wont go down in value.
My point is that it might be cheaper to find the $180k than to buy something other than a new 360/430 car. Dale
You're right, but the two reasons are (1) many buyers brought them for club racing, and (2) Porsche didn't flood the market like it did with the TT cars. Twin turbos are great cars, but you definitely want to buy them used. Dale
i dont think a dealer will give you much more than 115 or 120 k on a trade more the gt2...they are hard to sell at a reasonable price, therefore they are great bargins used, put they are a handful to drive, not easy, very wild ....
Actually that is the wholesale number. Add $10k or so to get the retail number. Once again, the river of foolish car buyers is narrow and shallow. Porsche is just making too many cars. Great for them in the short run. Bad for buyers. Thus, bad for Porsche in the long run. Dale
Dale, I did the math too and totally agree with you. Precisely why I am going to walk the plank on a 430. I think KDS had it right when he stressed the timing. It seems Ferrari ownership can be pretty inexpensive if you get the timing right or you stick with older models that are deep into the depreciation cycle. Of course knowing when that point has been reached brings us back to the timing issue. I would bet there is another CS waiting for your appreciative ownership!
Dale is on the money. I just unloaded my 2003 GT2, 8200 miles, had the racing seats, rollbar, fire extinguisher, 5 point harnesses, wholesale on the car is around 110-20, partly because the dealer would likely convert it back to "stock" to avoid scaring off potential buyers. The car was not tracked (unfortunately, even though that's why i originally bought it) and was never hit or damaged in any way. There are plenty of these cars sitting with low miles that are probably worth somewhere just north of 130k retail. That's why its a buyer's market. Richard- dunno how the Gallardo would compare to the GT2- the latter is extremely quick and tossable. Also pretty much track ready. But, leaving that aside, i don't think Gallardos have come down as much as the GT2 (yet). Not pissing on Lambo- i just bought a 6.0, as you might know.
was this when the 996 tt first came out in 2001? because i know as of 2002 and up, they have taken a huge hit,,,,at least 10k or more just off the showroom floor..i was offered a 2002 low mileage 6 speed 996 tt for under78k perfect condition in 2004, that is a 40k hit in less than 2 years...ouch!!!
that is still incorrect as a wholesale number on a 1 year old GT2 (without a bunch of modifications) - period. and in addition to the track modifications on the example above, 8200 miles would not be looked upon too favorably on a CS either. again though, your point is more than valid - aside from the GT3, porsche resale sucks arse.
What's insane, and i fall victim to this as well, is that 8200 miles on that porsche is nothing, at least the way i put the miles on; yes, i did drive it to the city a few times, and made the occasional trip to the restaurant parking lot, but, admit it, when you see miles like that on an exotic or high performance car that's only a couple years old, you think- salvage; distress pricing, guy musta slept in the thing. The reality is, the delivery miles cars that sit for several years will likely have more problems; but, it's the way of the world. I'm not really *****in' cause i know this going in, and i drive the cars i buy, wouldn't have it any other way.
So not right I'm afraid. Current 2001 GT2 bought used a year ago has depreciated maybe 5% in 12 months. OK, so didnt take the hit of being first owner, but g/f has owned 2 new boxsters in the past 3 years and has lost again no more than 5% p/a, similarly same sort of level on an carrera 2 2001 facelift model I had. Residual on boxsters is higher than any other car in the UK. If you dont go nuts on the option list you cant really go wrong, that's why track mods on a GT2 will go out of the window when you're looking at resale, beacuse its only going to be someone who wants a toy who'll buy it.
