911 Trade in value - am I being screwed?

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DandyDon
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Post by DandyDon »

adam b: I didn't get beyond the shock of being offered £54k to discuss discounts. I need to go back to them and try also a few other dealerships. Over the last 30 years I've changed my car between 2.5 and 3 years. If I couldn't do better than £54k it would be the worst trade in % I've ever had; so much for 911's being bulletproof financially. My last car was a Macan S and I got 75% on it at 2.5 years as a trade in for the 911. The 911 myth has been busted.

Are some dealerships now starting to give discounts on new cars? I know they will give discount on their demonstrators.

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VanB
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Post by VanB »

You always have the option of keeping it for the longer term. I have a friend who traded a 5 year old C2S with nearly 100k on the clock who got low £50ks for it so I think they either just don't want it or are simply taking the piss
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DandyDon
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Post by DandyDon »

VanB; As you suggest I'm now leaning heavily towards keeping it for longer. I think you are right on both comments; "I think they either just don't want it or are simply taking the piss".
I didn't buy the car from my local OPC because their deal was not as good as elsewhere. I do however get servicing done locally so you'd think that would generate some goodwill but it appears not.
DandyDon
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Post by DandyDon »

So I went to another OPC and got the trade in value up to £58k. I reminded them that the average price on the Porsche used cars website was around £74k but this didn’t wash with them. They said that there are indeed cars priced at £74k but they are not selling and if they ultimately do it’s for around £65k +/- so in their mind £58k isn’t that bad of an offer. Maybe so but I don’t know if their reasoning is bullshit or not. I’m still pretty hacked off that a car which cost £96k 2.5 years ago has lost close to £40k. I think I will keep it for longer.
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Paul
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Post by Paul »

?? What’s so disappointing about a 60% residual after 30 months....? Class and market leading.
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DandyDon
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Post by DandyDon »

I’m equally hacked off by the horrendous profiteering that’s going on with the OPC’s.

2.5 years ago I got 75% for my Macan S as a trade in against the 911. My expectation is that a 911 would achieve at least that.
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VanB
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Post by VanB »

Unfortunately market conditions change and the car market is a bit flat currently so prices for 2nd hand cars have dropped significantly. Sod the OPC stick on autotrader and see how you get on. Personally I think you are flogging a dead horse with you OPC and I also think market value for your car is higher tha you’re being offered.

Good luck!
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Semerka
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Post by Semerka »

Perhaps it's also the time of the year. Not many people think, wow let's get a sports car when it's all dark, cold and slippery outside. ;)
I'd keep it longer if you still like the car, get more value out of it. 8-)
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Wing Commander
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Post by Wing Commander »

DandyDon wrote: Fri Dec 06, 2019 10:32 pm I’m equally hacked off by the horrendous profiteering that’s going on with the OPC’s. 2.5 years ago I got 75% for my Macan S as a trade in against the 911. My expectation is that a 911 would achieve at least that.
It's partly down to timing. The pre-facelift Macan S (petrol) was quite a rare beast, so demand would be higher than for some other models. As Semerka says, the winter is not a traditional time for customers to buy sports cars. If you shop around a few OPCs, you may happen upon one that needs a new 911 sale to meet their bonus target, or maybe they have a build slot for one that they need to fill quickly... As I know to my cost :oops: the best way to minimise depreciation is to keep a car for longer. ;)
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ultrabelse
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Post by ultrabelse »

All else being equal, SUVs trade at a premium during winter and sports cars in summer. However the overriding factor here is that secondary values across the car market have fallen and are falling. During uncertain times, buyers hold off making large purchases.
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