Anyone sold a turbo recently?

[Dan1210]

Hmmm, this is slightly concerning. My CT4S is due this month a 2023 with the price before the hike @£106k this and my pcp locked @6.9% I only do around 4k miles per year what do you think the car could be worth after 2 years?
I’m getting a bit concerned as im struggling to shift my Macan Turbo which is very well priced imo, crazy how things seem to turn so quickly!
Maybe I should sell it immediately and walk away, was going to put a £40k deposit into it but now I don’t know what to do.
I guess we are just correcting back to what’s considered normal, i was thinking my money might be safer in the Taycan rather than an ice variant.
Regarding used sales and specifically my Macan, I’ve seen considerable drops over the last 6 months. Before the summer opc offered £41k now down to £34k.

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[WuffvonTrips]

Hmmm, this is slightly concerning. My CT4S is due this month a 2023 with the price before the hike @£106k this and my pcp locked @6.9% I only do around 4k miles per year what do you think the car could be worth after 2 years?

What's the optional final payment on your PCP quote (and at how many years)?

 

[Dan1210]

What's the optional final payment on your PCP quote (and at how many years)?

4 years, £58k, I would likely move it on after 2 years.

 

[WuffvonTrips]

4 years, £58k, I would likely move it on after 2 years.

Sorry, thought I might be able to extrapolate a 2 year PCP final payment from that- as a worse case- using some quotes I got, but now I look at them the mileages are much higher than yours.

 

[P0R5HE_UK]

^ this is a good point. OPC did offer to sell my 4S on a sale or return basis, £7k commission. The trouble is you need another car to drive while they have it, quite possibly for a few weeks. But could get a better return.

Understood. My situation is that I don't need the car on a daily basis so can do without it. If you need it, perhaps you hire one for a month?

 

[SteveGTS]

In the Tesla world Simon Jones is highly recommended https://www.sjonesltd.co.uk/

I haven't used him (yet) and no personal connection. According to his website he charges £1440 to sell a car.

 

[Rob70]

Looking to move mine on and pretty surprised at the offers I'm getting.

Kitted under 2yo turbo in crayon, 18k Miles and I'm getting valuations around 92-95k... I was expecting more like 105-108

Sales for similar cars seem to be at 115-130. Just bad timing?

Anyone else sold for a sensible amount recently?

I’ve just sold my 2 year old 4s with 20000 miles, I got considerably more from Redline in knaresborough than any Porsche dealer offered and service was great.
I was told the Turbo has the “worst” residuals across the range. Prices have definitely flattened.

 

[Taycant]

I’ve just sold my 2 year old 4s with 20000 miles, I got considerably more from Redline in knaresborough than any Porsche dealer offered and service was great.
I was told the Turbo has the “worst” residuals across the range. Prices have definitely flattened.

Mind saying what you got for the 4s vs new? Thanks for the tip, I'll try them.

 

[Rob70]

Mind saying what you got for the 4s vs new? Thanks for the tip, I'll try them.

Bought for £105k and sold for £88k with 30k on clock.

 

[Rob70]

Bought for £105k and sold for £88k with 30k on clock

 

[Taycant]

Yeah so you got 16% depreciation on the 4s with more mileage than mine. Even if a turbo is 20%, given the mileage I reckon I should be getting >100k.

 

[mangobay]

Most of the Porsche specialist independents will sell a car like this for you on a sale-or-return/commission basis, if you are able to leave the car with them for a little while. normally this would cost around £5k including VAT and is the best way to maximise the value in the car in my experience.

 

[whitex]

Mine was just under 125 new.

Don't need to fire sale it but 95 seems kind of insane.

I don't know the market in the UK, but I suspect similarities to the US market where after covid used car market prices soared by up to 40% year-to-year! The US used car market has recently dropped by reported 19% year-to-year so it's heading back toward normal. If you bought a car with MSRP of 125K new, that means that the dealer got it for 106K or less. If they can get a brand new one for 106K from the factory, so why would they give you near same or more for a 2 year old one? The only reason that did happen in the last year was because dealers couldn't get their hands on almost any new cars, and there was greater than normal demand caused by covid backlog (people postponed getting cars until covid restrictions eased), and cost of borrowing was ludicrously low. Today new car supply is increasing (dealers are getting cars), pent-up demand from covid is going away as people satisfied their needs, and interest rates are skyrocketing. This results in higher supply, lower demand, and therefore lower used car prices.

Not trying to rain on your parade, but we really had a used car market boom for a short time, which is not likely to continue. I bought a 2 year old car in May this year for slightly higher than new MSRP was, and it was a good deal for that time (I actually had a reservation for a new one at MSRP, but after 6 months of waiting the manufacturer came back with 8 more months minimum and I needed a car to drive for one of my kids, so I bought a used one for over MSRP instead - only 3 months earlier it was even worse, there just was no cars anywhere, but further 9 months earlier on the other hand it was a buyer's market, I got a great deal for another one one my kids on a 2 year old car).Today I can pick up brand new one off the lot at MSRP, probably even negotiate a discount, same day delivery. What a difference 6 months makes.

Having bought and sold cars in the six digit prices, I will say it's similar to a boat. The owner's two happiest days of ownership are the day they take delivery of the car, and the day they sell it.

 

[TaycanHero]

It's over. Recession is here and a global economic downturn is impossible to stop as much as the criminals "in charge" will try.

I've been anticipating all along a 10% depreciation on my GTS ST - when it arrives. Presumably towards end of next year now.

I intend to keep the car two years, and that will cost me in the region of £20k once sold second hand.

There has been 18 months of warped used prices for reasons that will never be repeated again. Those buying on the expectation the car will cost them close to £0 or make them a profit even are about to get a rude awakening.

The plus side: yet more reasons for order cancellations, so maybe I will get bumped up the list.

 

[kempez]

I’ve got mine on PCP for 3 years and will take a view now on whether to pay the rest off immediately upon picking it up. I’ve got a reasonable APR on it though, and there are other things that I have in mind to do. Then depending on what I decide, I’ll either wait for the 3 years to pay the bubble payment or use it as leverage on another purchase. I absolutely expected it to depreciate ‘normally’ as the used market couldn’t stay overly-buoyant forever. New cars are not a good investment, they’re a money pit. In this case: a bloody nice money pit! ?

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