Used car residuals - Coronavirus ?

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Am89
Posts: 235
Joined: Thu Mar 08, 2018 2:41 am

Post by Am89 »

Do you guys think the used car market will take a hit from the virus? Although I really don’t want to sell my turbo as I love it, I don’t want to take a massive hit... I’ve had a few decent offers and in 2 minds whether I should consider them? I’ve heard interest rates on dealership stock have already started to come down..

MikeM
Posts: 2234
Joined: Tue Nov 17, 2015 11:13 pm

Post by MikeM »

Really! If it concerns you I suggest you Just fill your boot with toilet rolls Im sure it will be worth a lot more 🙄
Previous Porsche’s
2008. 987 Boxster S Sport basalt
2012. 991 Carrera S aqua
2016. Macan Turbo volcano
Current
2020. Macan GTS crayon
2024. Macan GTS gentian sometime this year https://configurator.porsche.com/porsche-code/PR8H7WC6
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pmg
Posts: 2983
Joined: Wed Jun 20, 2018 7:31 pm

Post by pmg »

Aii real assets including property will drop in monetary value in the recession that is likely to happen. However every time you trade a car there is a cost and losses soon grow with frequent changing

There will be some positives in retention and enjoying the car with far lower fuel costs as oil prices fall. After most OPC's have gone bust there will be lots of Porsche trained mechanics offering cheaper independent maintenance
2019 Macan S Porsche code PKW8WKI8
Am89
Posts: 235
Joined: Thu Mar 08, 2018 2:41 am

Post by Am89 »

MikeM wrote: Sun Mar 15, 2020 11:20 pm Really! If it concerns you I suggest you Just fill your boot with toilet rolls Im sure it will be worth a lot more 🙄
It’s a valid Q, anyone who says they don’t care about losing money on their car is lying, unless they’re daft or loaded.. if I do decide to fill my boot with toilet roll, u can be my first customer - as it’s your genius idea 💡
GWL
Posts: 232
Joined: Mon May 06, 2019 10:55 pm

Post by GWL »

Am89 wrote: Mon Mar 16, 2020 1:26 pm
It’s a valid Q, anyone who says they don’t care about losing money on their car is lying, unless they’re daft or loaded.. if I do decide to fill my boot with toilet roll, u can be my first customer - as it’s your genius idea 💡
Yes, sod all the people about to die. Your residuals are far more important. :roll:
Current car : Macan GTS Gen 2
Previous :
Macan Turbo Gen 1 - my 1st Porsche :D
BMW X1 (F48)
BMW M135i
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Paul
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Joined: Fri Sep 05, 2014 6:19 pm
Location: Bristol
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Post by Paul »

Yeah, but no-one is going to die who wouldn’t have died anyway...

Just handed mine over to a specialist who is having his best March for some while; apparently some customers are now stock-piling nice used cars.....just in case!😉
1st Sapphire SD
2nd Sapphire GTS
viewtopic.php?f=23&t=4296
Current 992 S Cab
viewtopic.php?f=23&t=9845&p=196465#p196465
adam b
Posts: 449
Joined: Tue May 14, 2019 2:50 pm

Post by adam b »

its an economic shock, there will be some (hopefully) short term pain on all assets

my crystal ball is on the blink so who knows how long
2017 - Macan Turbo, with most of the toys (sold)
2008 - manual 997.1 Turbo (sold)
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