spyder RS - Page 2 - Boxster/Cayman - PistonHeads UK

Looking to purchase a spyder RS. I wasn't to able to order new as not a preferred customer. Now that used prices have come down to a reasonably sensible level can i have some opinions on what will happen to values over the next 3 years. i'm looking at a very low mileage car with a good spec and can have it at just under list. i just need a shove to do the deal, convince me my money is safe please!!

Getting offered new dealer stock at list. Call around a few dealers perhaps. High Wycombe offered me a new one in the dealership at £139k before Christmas and called me back last week as they still had it for sale. Nobody has a crystal ball but I'd assume a 15-25% loss (on a sub 10k mile car in mint condition) if you resell within 3 years. These are an incredible car, but they are quite highly priced, fairly niche, not that limited and unless the market picks up and interest rates come down then there arent a lot of buyers about at the moment.

Assume that the car will depreciate by 10k per year. Buy at the best price you can knowing that. Drive the wheels off it and make memories. Post up about your experience and check out the other countless other buying/values threads that exist on here.

That sounds like fair advice My memories are from earlier years of GT and RS cars ... at that time you could expect a new car to lose 30% of it's value over three years and the average mileage at the time was 8000 per annum. The lesser cars would lose 40% in the same period, but servicing was reasonably inexpensive, dealers were friendly and when you waited six months for your next car to be built, the dealer would happily take your old car in part-ex or you could of course sell it privately with no recriminations. If we return to 30% that would be rather more than £10k per annum (plus the mandatory taxes, insurance and servicing) ... but if the new sports car replacement by then is decidedly limiting in its use, then the depreciation could well be less than 30% ... Question, how much fun do you want to have in the next 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 years ? As long as we keep Porsche in business it could still be under main dealer warranty and you will no longer have a thought to this question ... It and you may then be a classic ?

TDT said: Assume that the car will depreciate by 10k per year. Buy at the best price you can knowing that. Drive the wheels off it and make memories. Post up about your experience and check out the other countless other buying/values threads that exist on here. i think 15-20k is more likely. a lot more rs spyders on the way. i've heard as many 200-250 allocated to the uk this year and build may go into 2026.

The number doesnt/shouldnt really matter. Cars in general are liabilities… so they will cost you money. Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership. With that out of the way… Buy it, drive it. Or don’t.

TDT said: The number doesnt/shouldnt really matter. Cars in general are liabilities… so they will cost you money. Even if the market value rises… you aren’t realising all of it because it has cost you to feed and water it during your ownership. With that out of the way… Buy it, drive it. Or don’t. true, cars are no longer an asset, unless you are buying the ultra rare and exclusive £1mill+ stuff

Sidsw said: true, cars are no longer an asset, unless you are buying the ultra rare and exclusive £1mill+ stuff Id wager that selling some of those at a profit isnt as quick or as easy as you'd believe.

bennno said: Id wager that selling some of those at a profit isnt as quick or as easy as you'd believe. true, but some have done amazing. look at la ferrari. im sure during covid they were £2mill now selling at £4mill and moving. crazy.

You’ll lose £20k + whatever you buy immediately. Then around another £20k for the 3 year term, so £40k. As long as happy with that, go for it and enjoy.

Gib6 said: Looking to purchase a spyder RS. I wasn't to able to order new as not a preferred customer. Now that used prices have come down to a reasonably sensible level can i have some opinions on what will happen to values over the next 3 years. i'm looking at a very low mileage car with a good spec and can have it at just under list. i just need a shove to do the deal, convince me my money is safe please!! Looking at the underwritten RV values by Porsche on the used car finder, it shows that you can expect a nicely specced car to be underwritten at circa £80-85k after 3 years. So there's your answer, worst case scenario of course, but IMO you won't be far off those numbers. The reality is the underwritten RV's have been totally decimated on SRS and 4RS over the past 12mths.

That's because of the OPC's oversupply combined with the market ... but who knows what that position may be in five years time ? They know that if they over-value they may lose out because owners may hand back, if they undervalue everybody is happy because either they get a car back with extra profit or the owner has a deposit to roll into the next car.

Exactly Chris, the low GFV are just a hedge from VWFS, they don’t want to end up carrying the can with an uncertain outlook for ICE vehicles in the future. That’s the end of the story really. So that just means get funding from somewhere else.

TDT said: Exactly Chris, the low GFV are just a hedge from VWFS, they don’t want to end up carrying the can with an uncertain outlook for ICE vehicles in the future. That’s the end of the story really. So that just means get funding from somewhere else. Tyrone. You know more about these cars than all of us put together, your driving skill and technical knowledge is quite frankly remarkable, and for that I honestly do doff my cap to you. But when it comes to your comments on finance, I'm sorry but you are quite some way off the mark. Car finance has moved on dramatically over the past 3-5yrs. To the place where these new low RV's are not a protection hedge by the underwriter, they are indicators baked into values and market control. Anybody who has sold a car recently and/or refinanced recently, can tell you how close to the RV's values are. If you are being quoted a £85k RV on a car in 3 yrs time, you can near as damnest expect it to be there or thereabouts. The days of dealers wanting you to have anything more than a couple of thousand walk away equity, are long long long gone, they'd much rather have that money sat in their bank earning them interest (which they have already charged you interest on as you pay it back!). Also your comment about getting funding from else where, I have addressed that before. Other lenders do not underwrite as high as Porsche(VWFS), because they can't, they don't have the market/stock data or the control on values, to set RV's that high. You will not find an alternative lender who can quote a higher RV than VWFS.

bookmark this thread for 2028 - if they are 85k then i'll be buying one.....

bennno said: bookmark this thread for 2028 - if they are 85k then i'll be buying one..... That is exactly my point and if it is...so what... I'll have had 4 years of fun of my car that I bought at list - in my case. If this government has its way, you won't be able to use by then anyway - so opportunity lost/cost - is also a thing. Edited by TDT on Thursday 16th January 17:10

I do agree that VWFS are taking all of their pounds of flesh now, on both sides of the deal, rather than leaving it to the market. I can only speak from my experience, and what I would say is maybe you have to think about things differently. For me this is a very long term car - it will cost me money to own this car as it should - its a car, but there isn't anything else made I would rather have, so I have taken a longer term approach and GFV from VWFS isn't important to me as I'm not going to handing the car back to them. Maybe things have changed a bit from the summer when I bought... I think that was a window of opportunity that I was able to capitalise on, and conditions now are not as favourable. But fortune favours the brave!. Edited by TDT on Thursday 16th January 17:17

bennno said: bookmark this thread for 2028 - if they are 85k then i'll be buying one..... Out of interest, what will you be driving for fun until then ?

Seem to recollect the GFV of a 2018 991.2 GT3 when I bought mine was c£85k after 3 years..... so they have been known to be miles out and GFVs are generally rather meaningless overall. The SRS moreso than the 4RS is a difficult car to accurately forcast a future value on basically because as others have rightly said it is more niche. Although I can't think of a new car at similar money that could possibly be much of a better hedge against depreciation overall coupled with being a fantastic drivers package this makes it rather a compulsive buy. If money is important to you don't forget its not now about how much you can make on a Porsche GT like the old days but rather what you don't lose by buying any comparible cars many of which are frankly horrific depreciators. Main problem now is the the cash buyers for expensive stuff £100k+ have dried up finance rates are crazy and buyers are thin on the ground overall battening down the hatches for the weakening economy under the watch of this s tshow government. If you are keeping the SRS for the medium to long term that will be a plus because not only will you be able to mileage in the car and savour the driving experiences as others have rightly said the outlook for this car and timeframe looks good being last of a line etc and reckon they will be in robust demand in a few years in particular and the price will reflect that. But if your intention is to buy an SRS and sell it again within a couple of years tend to think this will cost you around £40k assuming you do around 5k miles.

ChrisW. said: Out of interest, what will you be driving for fun until then ? Pre depreciated 720S. Portofino,

Buy it drive it and enjoy it. If you’re worried about residuals over the next couple of years this might not be the car for you l, might not be many cars for you in fact! I’m in my late 40s and was talking to a friend 20yrs younger than me who is struggling to understand that the lumps of expensive new and used used metal he’s bought in the last couple of years have depreciated considerably in the past 18 months, shock horror!!! Pre and post Covid this wasn’t happening anywhere near as much, we all know many cars went the other way and some of us benefited. 99% of the time buying cars is a capital loss situation, but that doesn’t mean we’re wasting money… Unless you can’t afford it.

Personally I would not buy/owm any Porsche GT car at the moment unless I am comfortable with a 5 to 10% loss in value a year. As others have said they’ve taken volumes to a whole new level with the current generation of GT and “Special” cars (eg Dakar). I really don’t see how the market goes anywhere but down.

Broadly agree and yet there are still buyers prepared to pay insane amounts ££ over list for some cars

Think this thread has lost its way now…not even on the specific car now, just another general values thread.

bennno said: ChrisW. said: Out of interest, what will you be driving for fun until then ? Pre depreciated 720S. Portofino, So those are only the cars that you have decided to gamble on ... you will still have all the costs etc etc. Everybody is capable of making their own decisions on this ...

av185 said: Broadly agree and yet there are still buyers prepared to pay insane amounts ££ over list for some cars Well it's not sold yet ... there are people with a lot of money ... if they want to park it in cars, why not ? This is the world of limited / special editions which can become so numerous that they almost lose their specialness. I wonder what would have happened if the Press had said that as a car for real use they preferred the 992.2 GT3 Touring with as many ST bits as possible ? Oh hang-on .... ?? It's a collector market device ...

Thank you for the input gentlemen you haven't managed to put me off. New spyder RS coming in April !! so looking forward to it...

Great news congratulations, sure you’ll enjoy it they’re fantastic machines

Congrats and hope it completes for you. When you get it, post up in the main Spyder RS thread SPYDER RS (rather than creating an new one) Or in the Experiences, Driving and Technical thread GT4 RS/ SPYDER RS EXPERIENCES, DRIVING AND TECHNICAL

Gib6 said: Thank you for the input gentlemen you haven't managed to put me off. New spyder RS coming in April !! so looking forward to it... Excellent

Gib6 said: Thank you for the input gentlemen you haven't managed to put me off. New spyder RS coming in April !! so looking forward to it... Congratulations! Would be nice if it arrived early and registered by 31st March to save a fair chunk on the ridiculous new car first year VED.

I have everything crossed…

Gib6 said: Thank you for the input gentlemen you haven't managed to put me off. New spyder RS coming in April !! so looking forward to it... Well done that man…

ChrisW. said: av185 said: Broadly agree and yet there are still buyers prepared to pay insane amounts ££ over list for some cars Well it's not sold yet ... there are people with a lot of money ... if they want to park it in cars, why not ? This is the world of limited / special editions which can become so numerous that they almost lose their specialness. I wonder what would have happened if the Press had said that as a car for real use they preferred the 992.2 GT3 Touring with as many ST bits as possible ? Oh hang-on .... ?? It's a collector market device ... Sorry its not a collector’s device at that price point,its just a huge depreciation device after the flippers have finished with them if you use it. Its not like they are a rare build,just a mass production special,nice car it is,If you could drive it against a gt3 blindfolded i think you would struggle to notice its a different car,same as a 997 3.8rs vs 4.0rs.

I agree with you ... as mentioned above re-992.2 GT3 Touring to nearest spec. However, I don't agree with you re 997 GT3RS 3.8 v 4.0. Having driven both on track the 4.0 has noticeably more torque ... but the 991.2 GT3RS has a better engine

ChrisW. said: I agree with you ... as mentioned above re-992.2 GT3 Touring to nearest spec. However, I don't agree with you re 997 GT3RS 3.8 v 4.0. Having driven both on track the 4.0 has noticeably more torque ... but the 991.2 GT3RS has a better engine Na it has a little more tourq,having lived with a 3.8 for 10 years,and all be it a short time in a 4,the better car is the 3.8 because its great value against the 4. 991 is a faster engine,more reliable than the old mez not so sure! the 997 has a better gearbox