Porsche not Ferrari has highest residual value

Pity it doesnt effect CGT owners.

 

I see a lot of Toyotas on that list....

 

No way they included Ferrari.

On paper, the 360 would definitely show higher than the 911.

 

Ferrari doesn't sell enough cars to be included in this sort of survey. That's why you don't see Bentley, Aston-Martin, Lamborghini, Maserati, Rolls Royce, and something else I'm forgetting.

Clearly, no other brand retains and grows value the way a pre-owned Ferrari does. No other brand is even close.


Forza,


Cavallini

 

I'm betting that is also for the 997 model which just came out and is still pretty in-demand right now.

 

That might have been true for "real" Porsches -- the air cooled ones...

But you'll have a hard time convincing 996, 996TT, 997, GT2, GT3, and even CGT sellers of that!

 

That is so stupid to say real Porsches are air cooled. I have owned about every 911 (except the real old and the real rare) ever made. I had a 993TT, 996TT, 88 Commerative Ed cabriolet and a air cooled Ruf sitting in my driveway this time last year and the only car I ever drove was the 996TT so I sold two of those and bought two Italians. I am now on my 3rd 996TT (04 TT cab) and I think the 996TT is by far better than any air cooled. The only air cooled mass produced 911 I might would buy again would be a 94 3.6 Turbo or a 93 3.3 Turbo S with RS trim if I could get one in the US.

On Value, it is so hard to compare Ferrari and Porsche values because Porsches actually get driven and generally have many more miles on them. The vast majority of 5 year old Porsches have probably 2X to 3X the miles you see on the average 5 year old Ferrari. I think newer Ferraris (355 or 360) with 35k miles to 50k miles really take a beating on price if you ever see them with that many miles. It is not uncommon for 5 year old Porsches to have 50,000 miles and even more. I think Ferrari values are even more sensitive than Porsche values once they hit the 35k to 40k and higher mark. But I do agree that used Ferraris do level out at a point. It will be interesting to see if they continue to do this now that Ferrari is building more and more cars each year.

 

trolls

 

LMAO!!!!!!!!!

 

What a Barbara Streisand!!!
After owning 993,996 C4 and 997S and getting thoroughly hosed on all of them I have a different opinion about Porsche resale values(regardless of the "excellent" value of the CGT)

 

Who buys a car as an 'investment', anyway?

 

If you've owned these cars, fill out your profile.

"Real" is the wrong term, but the market values of 993's seem to have gone up $5K or so in the last year, while 996's are in free fall. I don't think that air-cooling makes a Porsche "real", but it is very relevant to retained value. Porschephiles just don't value the 996, and they stampedge when a nice, lower-mileage 993 is on the market. I sold mine in 4 days for more than I paid for it, and I had bought it retail.

I don't Ferrari is comparable. Given the maintenance costs, I think the 'retained value' discussion is disingenuous anyway.

 

No mention of time frame in those survey results.

A 20 year old Porsche or Ferrari is a classic, a 20 year old Toyota is a rustbucket.

In the short term most exotics and luxury cars depreciate heavily, but much of that is a function of MSRP profit margins. A Benz has a 10% margin built in, so the moment you leave the dealer lot with a $100,000 car you have a $85,000 or less vehicle due to the $10,000 profit margin and the fact your car is now "second hand".

 

Idiots.

 

Agreed.

 

On the down side you have to be seen in a Porsche...

 

Porschephiles don't value the 996. That is silly unless the definition of that word equates to someone who drives an old Porsche, has never driven a new Porsche, probably cannot afford a new Porsche, and will never drive a new Porsche because it is a water pumper. How many 996s did Porsche sell??? Porsche had no problems selling the 996 and dealers could not keep TTs in stock or on the floor.

993TTs are much more limited production. I had both a 993TT and a 993TT S. It has been a while since I looked at the figures, but I seem to recall the produciton run of 993TTs being around 5,500 cars total. Porsche made that many 996TTs in 2001 alone. Porsche values are so dependent on production numbers. The low produciton cars demand large premiums. For instance, the 993C2S is a horrible driving car and people still ask like $ 55k for a low milege model. The 88 club sport is a very limited produciton that comands a decent premium over the 88 coupe even though there is only about a 15 hp difference and the cars performance is virtually identicle to that of a regular 88 coupe. I could go on ad naseum with examples, but you should get the point.

The 996TT and 996 in general is suffering from over production. Have you ever seen the total numbers on these cars versus the total produciton numbers for the 993, the 964 or the 3.2. Porsche just made too many for the used value to hold strong. Buyers like me rotate into the new Porsches for daily drivers almost yearly and have left a huge number of used Porsches with a very competive market out there in the $$$ range.

993 prices have not gone up in the last year. 2001 996TT have held pretty steady in the last year. Last November you could get a 2001 TT with 30k miles for about $ 75k. Right now, about $ 70to $ 72k for that same 2001 996TT. The 2003 and 2004s will fall pretty quick, but they will level off when they hit the $ 70k to $ 80k mark. All Porsche turbos bunch up in pricing. In turbos alone, I have owned and sold 2 930s, a Ruf, 965, a 94 3.6, 2 993TTs and on my 3rd 996TT. I know these cars and their market well.

 

who cares about residual value ?

 

91 Porsche 911= $15,000.00
91 Ferrari 348 GTS = $45,000.00

 

Dude, it is not that bad. I have two Italians in my stable and love those cars. I also have, heaven forbid, an NSX just for **** and grins. I, however, feel the same about myself whether I am driving my 04 TT cabriolet or one of my other cars. I cannot imagine why anyone should suffer from a personal or identity crisis or just plain embarasment because they were seen in a 2004 996TT cabriolet.

 

I sold a 90 964 cabriolet last fall for $ 25k and the car had 60k miles on it. I think that car costs around $ 58k or $ 60k new.

Would a 90 348 be worth roughly 40 to 45 percent of the MSRP if it had 60k miles on it?

I absolutely do agree that Ferraris drop, level and hold their value probably better than anything else out there. I just think the example you gave is a little suspect and perhaps missing some information.

 

Dear Ferraristi,

Ok, forget about residual value for a sec. How many Ferraris are there out there. Porsche, while a great solid, reliable car, makes so many now, they are a dime a dozen. Boxters by the boatload, watercooled 911s that look like boxters and stupid pickup trucks..oh, I mean suvs. My old 308 was slower and less reliable than any Porsche I ever owned, but way more fun to drive, way more looks, and waaaay more unique. My TR is even more over the top in the looks dept. and no cookie-cutter looking (watercooled) porsche.

Also, on a previous post, one said that only people who couldn't afford a new watercooled porsche would buy a old aircooled (real) one. Well, if you add majors on my TR, I could buy a watercooled porsche... I still wouldn't touch one. I would take an 89 coupe ( even though it's cheaper ! )

Disclamer: This post is written WITHOUT an attitute.

Shamile

Freeze...Miami Vice!

 

Yes -- this overproduction/oversupply is one big reason 996's are dragging down residual values. When a '96 and '00 911 (normally aspirated) of similar mileage sell for the same price (I was offered both at $50K), it's clear that the secondary market is not supporting the '00, which had a higher MSRP to begin.

To your point, you can drive by the seedier 'European' used car lots in San Diego and see rows of 996's and Boxsters.

BTW, given the original MSRP on an '01 996TT, how much did that car depreciate to end up at $70K? It's also about the same price point as a 993TT (great ones bring well over $70K). Maybe overproduction, maybe less desirable, but residuals on recent Porsches are NOT as strong. I won't even get into base Boxsters, which are chasing 944's into the dresser change range...

With regard to the 'Porschephile' comment: the guy who bought my 993 this year sold his 997 in order to pay for my car. I don't know how much of a bath he took on an 05 997 he owned for 7-8 months, but he's a longtime 911 fan and didn't hang on to his 996 or 997 long enough for the new car smell to vanish (he kept the Cayenne). This guy can afford to drive whatever he wants, and he seems to always have 2-3 Porsches in his garage.

That's the kind of money chasing the 993's -- it's not about poor idiots who can't swing the new Porsche. It's about wealthy, experienced car guys who are willing to pay for the car they want more.

 

My Garage has always been an equal opportunity home for BOTH P & F-cars, and your comments are 100% accurate in my opinion!!! I have owned pretty much every 911 since the 964's, and multible copies of each. The 996 killed it for me, and the only one in that line that still excites me is the GT3. Other than that, its back to a nice clean 993 S or Turbo. The look, feel and character of the 993 is what a 911 is all about IMO. Resale on the earlier cars was always EXCELLENT!! Then along came the 996 series .........................Kaboom!!!