Cayman Used Prices - Page 2 - Boxster/Cayman - PistonHeads UK

I am looking at a 718 as a second car and the plan was to take a base model with PDK and minimal options e.g. front and reverse camera. Having looked at 3-year-old cars, they are going for £40k on the OPC website. A lightly specced new model is going to come in at £48 - 49k. I will likely keep the car for 5 years, and it occurred to me that there was no particular advantage in buying used given the price differential. Am I missing something or reading the market incorrectly? Thanks in advance. I did look at the 981 but the concern is that you are still splashing out £30 - £35k on cars that are still 7-8 years old. Even if they are well pampered, they are at an age where things will need replacing. What you gain on diminished depreciation you may lose on repairs\maintenance. Thanks in anticipation.

I think right now, with supply limited for various reasons, the prioce differential isn't that great. When supply improves will the market shift? One would assume so. I think unless you need a car right now, I'd be tempted to wait until this winter and pick up a lightly used car in the off-season for a better price.

Have you thought about buying private? If you could find a well looked after car with remaining Porsche warranty, it could make a good car with a decent saving. Warranties are transferable for private transactions. An OPC adds circa £8k onto the price of a car for warranty, profit and paint etc, so they probably bought your £40k car for around £32k, which looks more amenable. Otherwise go new, you can then spec the car as you wish, base 2.0T with few options and standard paint would be a decent car for the summer if you can get one in time.....

Holgate86 said: Have you thought about buying private? If you could find a well looked after car with remaining Porsche warranty, it could make a good car with a decent saving. Warranties are transferable for private transactions. An OPC adds circa £8k onto the price of a car for warranty, profit and paint etc, so they probably bought your £40k car for around £32k, which looks more amenable. Otherwise go new, you can then spec the car as you wish, base 2.0T with few options and standard paint would be a decent car for the summer if you can get one in time..... What I was going to say, OPC's add a good £££ on top to cover the above, so your 40K car at an OPC is probably 30K at WBAC. 718's will in my opinion will continue to plummet in value as they're not desirable within Porsche circles, so factor that in also. I've recently sold my 6 year old 981 for more than 2nd hand 718's to put that into perspective.

I don't disagree with the sentiment of the comments above. The problem is that the cheapest non OPC, PDK Cayman on autotrader is £38k. The cheapest private seller is £38,500! The cheapest OPC car is just under £40k! If I could find a £30k 718 privately I would purchase it tomorrow. All of this would tend to suggest that market is nuts. But waiting for a cheap Porsche is a bit like waiting for Godot in my experience...

If the lead time on the new car order is acceptable to you I would order a new one. You may even get a slight discount but don't bank on it. You will be able to spec it and run it in exactly how you want which is always a big plus. Having regard to the small difference between new and used prices a used Cayman will depreciate only slightly less than a new one but with all the disadvantages of buying a used car.

Cayman’s, of all variants, hold their values very well. I bought a 59 registered 2.9 987.2 just over 5 years ago for £23k with 18k on it. The only 987.2 2.9 in classified is £23.5k.

I had the same dilemma in 2011 when a 2 year old Cayman at my local opc was £30k and a showroom model with 1 mile on the clock was £37k with a 3yr guarantee. No brainer. Bought the showroom model.

av185 said: If the lead time on the new car order is acceptable to you I would order a new one. You may even get a slight discount but don't bank on it. You will be able to spec it and run it in exactly how you want which is always a big plus. Having regard to the small difference between new and used prices a used Cayman will depreciate only slightly less than a new one but with all the disadvantages of buying a used car. I think it is the only realistic option. 2020 cars are trading over list as far as I can tell.

Great cars, peak market. Prices may well fall in the autumn but the best driving conditions are coming up and who wants to miss that. Some have been predicting a price crash due to Covid on another thread for over a year now and it hasn't happened yet - and probably won't for these low volume cars. Personally I'd just bite the bullet and buy it, life's too short. Save speculating and investing for the FTSE or Nasdaq (or maybe bitcoin ... ) YMMV, of course...

Schmed said: Great cars, peak market. Prices may well fall in the autumn but the best driving conditions are coming up and who wants to miss that. Some have been predicting a price crash due to Covid on another thread for over a year now and it hasn't happened yet - and probably won't for these low volume cars. Personally I'd just bite the bullet and buy it, life's too short. Save speculating and investing for the FTSE or Nasdaq (or maybe bitcoin ... ) YMMV, of course... The Porsche finance calculator projects value at c. £24k after 3 years and 36k miles. £24k would not buy you a 10 year old car! Would be surprised if an OPC did not offer at least £32k for one in 3 years time.

Caymans, of all models, appear to have strengthened in price significantly of late - maybe its because its Spring, but strangely the gap between Caymans and Boxsters appears to have widened, whereas you'd expect Boxsters to be more seasonal. A few months ago, there were several 718s for £32k or less (although I can't recall if they were PDK). I'm looking for a 987.2 and they have increased several thousand. As you've seen, there appears to be very little price differential between sellers. I nearly posted on the 'does anyone buy privately' thread, and I was going to say that private Porsche sellers seem to price their cars very, very closely to (non-OPC) dealers.

ant1973 said: The Porsche finance calculator projects value at c. £24k after 3 years and 36k miles. £24k would not buy you a 10 year old car! Would be surprised if an OPC did not offer at least £32k for one in 3 years time. They are always miles off and largely meaningless anyway.

Cayman's have been undervalued for a long time really and they have come out of the shadow of the 911. I'd say there are more people new to the brand now with Covid and YOLO mentality kicking in. Bet they are more open minded and actually drive both and make a decision. They also don't care about 4cyl versus 6cyl....they just drive the cars and decide. I'll just add that at the peak fear of Covid around April '20 I saw a nice blue 718T, nice wheels, a few years old with 9k miles sell for £28k (or even less as that was the asking price). Those days are well gone...

Andyoz said: Cayman's have been undervalued for a long time really and they have come out of the shadow of the 911. I'd say there are more people new to the brand now with Covid and YOLO mentality kicking in. Bet they are more open minded and actually drive both and make a decision. They also don't care about 4cyl versus 6cyl....they just drive the cars and decide. I'll just add that at the peak fear of Covid around April '20 I saw a nice blue 718T, nice wheels, a few years old with 9k miles sell for £28k (or even less as that was the asking price). Those days are well gone... True. And with obvious parts supply issues amongst other things severely affecting new car production, easing of lockdowns, folks spending power, better weather and imminent track season prices of used Porsches along with most other brands are set to rise again in a repeat of 2020.

av185 said: Andyoz said: Cayman's have been undervalued for a long time really and they have come out of the shadow of the 911. I'd say there are more people new to the brand now with Covid and YOLO mentality kicking in. Bet they are more open minded and actually drive both and make a decision. They also don't care about 4cyl versus 6cyl....they just drive the cars and decide. I'll just add that at the peak fear of Covid around April '20 I saw a nice blue 718T, nice wheels, a few years old with 9k miles sell for £28k (or even less as that was the asking price). Those days are well gone... True. And with obvious parts supply issues amongst other things severely affecting new car production, easing of lockdowns, folks spending power, better weather and imminent track season prices of used Porsches along with most other brands are set to rise again in a repeat of 2020. Like you, I cannot see what will derail car prices in the short term. I thought that covid would end in financial disaster but for now the converse has been true. I think you either live with the risk of a new car or stay out of the market. Second hand prices appear to offer poor value for money v new.

It’s pretty sporty pricing, of course - but one certainty is that the approved used one will depreciate less than the new one - if that matters. Prices for fun cars on the used market have risen notably over the last 8 months and are firming up strongly for a post-lockdown summer, it would seem. I began my 981CS search last summer and Cridfords, as a well-know example, listed them around 34-35k last summer, and they’ve crept and crept, through 40k a couple of months ago and now they’ve got one at 45. We don’t know what they actually go for, but my understanding of Cridfords is that their pricing is generally fairly firm, with wiggle-room to make deals with warranties/ceramic coatings etc.. Unless you don’t like the spec, I wouldn’t wait around, personally. Let’s say the OP’s example car was 53k new, 13k is still 13k in prior depreciation. If prices drop a bit (and my bet is that it’ll only be a bit) over the next year or so, then new ones will drop more. If it’s got a warranty then risk is removed. Get it, enjoy the summer with it. You won’t regret it for a moment.

Or if your budget does stretch to mid 40's - That opens up options like this 718 GTS that Ashgood have for £46,995. May be something that will feel a little more special, especially if you are planning to keep it for 5 years.

The other thing driving used prices up atm is the recent price increase on new Porsches. GT3 up over £4k and GT4 up c £1k being the second recent price increase in 15 months. Don't know if Porsche have increased new prices ££ across the range though.

Thanks to all for the suggestions. I am prepared to trade the risk of some extra depreciation for the sake of having something I want this summer. I am off to see the OPC next week as they have an S which has just come into stock. Used car prices are very firm across the board. 2 year old Golf R cars within the dealer network are still up for £31k, even though the new model can be had for £37k. Supply is very tight.

Looked at 718 ( all variants ) prices on the Porsche official used car site last night. Some very strong prices .

Not a 718 owner, but have a 987.2 manual CS - WBAC offering more and more every couple of weeks, dealers asking around for stock. Definitely don’t see prices going down much any time soon.

There's three 987.2 S's up for over £30k on AT/eBay and at a couple of 2.9s over £25k. Asking prices certainly very strong at the moment. Darn!

paul chocks said: There's three 987.2 S's up for over £30k on AT/eBay and at a couple of 2.9s over £25k. Asking prices certainly very strong at the moment. Darn! Couple of 80k mile 987.2's were £13k last year, I dithered and missed both, but I thought there would be plenty more, simply not the case.

^^^ It's funny how mileage becomes less important as cars get scarcer...

Didn't want to start a new thread but having been at the Dealers this afternoon, there is relatively little in stock and frankly new would appear to be a marginally better proposition than old assuming an ownership period of 5 years. This late model 991 911 caught my attention:- https://finder.porsche.com/gb/en_GB/911-Carrera-29... It's lightly specced but in fairness, I am buying the car to drive. Opinions welcome. Still thinking about a new Cayman GTS or indeed 992 (albeit would have to be new given the used prices!) Edited by ant1973 on Tuesday 20th April 15:05

ant1973 said: Didn't want to start a new thread but having been at the Dealers this afternoon, there is relatively little in stock and frankly new would appear to be a marginally better proposition than old assuming an ownership period of 5 years. This late model 991 911 caught my attention:- https://finder.porsche.com/gb/en_GB/911-Carrera-29... It's lightly specced but in fairness, I am buying the car to drive. Opinions welcome. Still thinking about a new GTS or indeed 992 (albeit would have to be new given the used prices!) Looks lovely to me, but given your wish for a drivers car, would you not be better off looking at the N/A 991.1 cars? They’re further along the depreciation curve, and a GTS can be had for similar money to that; or a 991.1S with 20k change.

ant1973 said: It's lightly specced but in fairness, I am buying the car to drive. Opinions welcome. Still thinking about a new Cayman GTS or indeed 992 (albeit would have to be new given the used prices!) To drive, the new Cayman GTS by a mile. The 991.2 you linked is a very nice luxury GT with a sporting edge. But if you want something to really drive, doubt it will retain your interest for long. Haven't driven a 992, but I suspect it's better at what the 991.2 Carrera does, rather than better at what the Cayman 4.0-litre does. Not that the 4.0-litre 718 is perfect, because it ain't. But think it's almost certainly the pick of Porsche's current offerings, especially if you're not keen on the be-winged aesthetic of the GT4. Wingless GT4 Touring would be a nice idea!

F6C said: Not that the 4.0-litre 718 is perfect, because it ain't. But think it's almost certainly the pick of Porsche's current offerings, especially if you're not keen on the be-winged aesthetic of the GT4. Wingless GT4 Touring would be a nice idea! GTS 4.0 is close enough if you keep the -20mm PASM suspension, and I agree it's a great all-round drivers car option especially with a manual 'box.

Yes, I sense I am just looking for something to buy! The dealer has a nice GTS in stock but it has over £20k of options which don't really interest me.

Just sold my 2019 718 Boxster to a dealer for £3k more than WBAC offered. Prices are definitely higher than they were 2 months ago and could well go higher. Don’t believe the people who say 718 values are crashing if my experience is anything to go by.

paul chocks said: There's three 987.2 S's up for over £30k on AT/eBay and at a couple of 2.9s over £25k. Asking prices certainly very strong at the moment. Darn! It's strange times. Ashgood, who know what they are doing, have a manual 3.4 987.2 Cayman on 60K miles up for £23,000 and it has not sold quickly. There's another 3.4 manual up for £25k-something on 40-something miles that hasn't shifted in the last few weeks. Meanwhile, there's a private 3.4 manual on 40-something miles with not terribly exciting spec up for £28k and another private 3.4 manual on 80-something miles up for £17k. Prices appear to be all over the place. I think right now, as a general thing rather than a Cayman thing, cars with great spec and condition are probably getting megabucks and less tidy and / or poorly specced are probably / possibly struggling to find new homes. Spreads seem to be very big, at the very least. Edited by F6C on Tuesday 20th April 17:40

So, I think I have more or less decided on an E-Golf and Cayman GTS PDK. I cannot find a single example of a 4.0l PDK GTS anywhere and by the time I am finished with it, the car will likely sit at about £75k which is too rich for me. There are plenty of nice 2.5l examples doing the rounds with a good spec at mid 50s. I actually like the sound of the 2.5l engine as well. As I am certainly not a driving God who will never track the car, I think the turbo engine will suit me better. A couple of quick points if I may:- Am I correct to think that if I get the 14 or 18 way seats, the squab extends? I am tall and that combined with the squab angle adjustment makes for a more pleasant driving experience I suspect. The standard seats are rather short. I take it PASM and PSE are standard on the GTS Cheers.

ant1973 said: I take it PASM and PSE are standard on the GTS Yes for both, but there are two specs of PASM (-20mm standard, -10mm option) so you'll need to decide which version you'd like.

Twinfan said: ant1973 said: I take it PASM and PSE are standard on the GTS Yes for both, but there are two specs of PASM (-20mm standard, -10mm option) so you'll need to decide which version you'd like. We have a steep driveway so I now need to go and compare the ground clearance compared to the Volvo misery box..... Thanks for the info.