996 depreciation

I am now in the process of selling my Audi. A step closer now to my next car. I have decided to limit my budget to £30k. So i`m looking at a 2002 996 coupe with about 50k on the clock. That wil be about £30k I was wondering what that car would be worth in a years time and in 2 years time. Being an accountant i`m quite careful about depreciation... sado i know.

Depends on a number of factors, mainly: a) Market/Economy b) Mileage c) Where you buy it from/how you sell it You will get an idea by looking at how much a 51 reg is. Trade in value for your car currently will be about 26k. I would estimate that you would lose about £3k a year, but it's not linear. If you sell it privately in 1 year, I would say about 26k and in 2 years about 23k.

going to do about 4-5k miles a year. prob going to buy it from rsj sportcars or someone like that.

I would definitely recommend RSJ. If you're only doing 4-5k miles, then I think you will lose about £1k / year less than I said previously.

You have to PV the enjoyment and compare that to the depreciation on the car. ..also compare other cars that you would pay 30k for and the depreciation of them to the 996, not many that beat it to be honest, maybe a 993 or old Ferraris and thats about it.

Hi, Unfortunately no way of really knowing how much depreciation will occur. Have to agree more with GD in his first estimate circa £3,000 per year. Even with lower milage not likely to see only a £1,000 per year drop, in the present climate, it will be, (IMHO), more. In the 2 years of my 2003 996 C4S ownership I have lost circa £14,000, not something I went into on buying the car but the variables to consider for myself are that I bought from an OPC so paid £4,000 more than other potential sources but wanted piece of mind as a 911 virgin. The car had new pads, discs, tyres and front splitter respray also had just had a major service, over all £4,000 plus spent on it. I have had at least £4,000 worth of cars to loan over several days when mine has been in for service etc, i.e when you compare the cost of daily hire. 997's, Cayman, Boxster, Cayenne. Hospitality nights have been excellent, at the last one I think my wife drank ££££ on wine Only issues I have had have been both rads have needed replacing and a sump washer. The information I have gleaned over the 2 years has been invaluable and put me in a far better position for the next purchase which may be from an OPC again, just has to be the right car. All in all enjoy your search and have plenty of test drives, with the credit crunch at present probably going to be a few nice bargains out there. Regards Alan.

I bought a low mileage (30k mls) 2001 Carrera 4 (3.4 pre-facelift) in April 06 for £35k approx from a non-franchise dealer. Great spec and superb condition. I've since maintained it to within an inch of its life - all OPC. If I were to trade it in this April with 54k mls or sell it privately I think I'd be doing well to realise £27k, and even that may be optimistic. Given that, I wouldn't budget anything less than £4k per annum - more if you buy it from an OPC as you'll be paying top dollar up front which is unlikely to be reflected come trade in time. I'd budget a minimum of £1,000 - £1,200 p/a for maintenance & tyres. All that said, the 996 is a great car and if/when I change mine it'll only be for another one.

In 3 years and 51,000 miles on mine (bought from an OPC) I have lost £26,000 if I was to sell it to a Trader for cash, about £23,000 to p/x, or about £22,000 selling privately. With luxury cars mileage is way more important than age (as long as it has been serviced correctly) and as a very rough guide assume about 5% of the vehicle cost per annum plus the average depreciation per mile multiplied by your mileage: So assuming a £30000 car - about £1500 pa due to age and at approx 33p per mile work out your mileage depreciation So 6,000 miles per annum would equate to around £3,500 depreciation This assumes a 'saleable' spec and colour combination of course... If you buy an 'unusual' colour and/or specification you may find this a little different (but not too much unless you are buying new, or pay too much for it used). Hope that helps... (I actually don't feel too bad about the resale value of mine now I've done the maths It's cost me less per annum than paying the congestion charge from October :evil: )

You lost £26k in 3 years? wow! Thats a lot! I suppose the 996 is rich man's car! I`m expect a 2002 996 with 50k on the clock now (approx 65k in 3 years) to fetch about 20k. That sound about right?

I bought my old one at 2 years old, by which time it had lost £23,000 in 16,000 miles. Sold it 2 years later with 28,000 miles at a loss of £10,000 which gave it a 51.5% residual value after 4 years. Like it or not, depreciation is a fact of life - unless you've got a sought after model.

Some strange estimates - not sure why anyone thinks trading in gets a better price than selling privately? The last three cars I've owned I've either made money or sold the car for what I paid for it - each with 12 months / 5k miles ownership. It all depends on how you buy , how well you look after the car and how you sell it. Early Facelift ('02) 996s have dropped £2k in a year it seems.

If you are referring to my post, I was saying the opposite - I would lose about £1000 more if I p/x rather than sell privately. I used to know a guy that had made a substantial profit on every car he had owned for nearly ten years: He always had his name on the list for the new Porsche, Ferrari, Lamborghini, etc. then when they arrived he would drive them for a few months, until the next one was at the dealer, then sell it for more than list to someone who couldn't wait! I got to know him when he ordered an XJ220 through me... Luckily for him, his order was returned as they thought he was a 'Speculator' :lol:

This might give you an idea on 996 depreciation and what maybe to expect in a few years. Ive also compared this to other models- Depreciation Index Year 0 Year 1 Year 2 Year 3 Year 4 Audi TT Coupe 2.0 TFSI 272 S 2dr 33,380 24,452 20,613 17,830 15,772 BMW 6 Series Coupe M6 2dr 83,545 47,593 39,825 32,255 27,139 BMW M3 Coupe 4.0 V8 2dr 50,625 38,094 32,231 27,061 22,906 Porsche 911 Coupe 3.6 Carrera 2dr 61,620 46,976 41,380 35,030 30,567 You can get the rough guides and compare other models/marks from here http://www.whatcar.co.uk/depreciation-index.aspx I also put the TT in for your Ameer ...Check out the M6!

You will give accountants a bad name .....but as one myself I never gave depreciation a second though when buying my TT. I bought it to drive and enjoy rather than watching or worrying about it depreciate. Besides most companies I deal with would fully depreciate their cars over 4 years so anything better than that is a bonus.

I'd suggest that if you wish to hedge your bets on depreciation, then you're looking at the wrong model. A rare or desirable 911 variant is where you want to be and possibly pay for an example where there is room on the clock to drive some miles without denting the value. I believe Wattie when he says that "luxury" car values are mileage sensitive. But I also agree with the sentiment that it is worth buying a car like this for enjoyment. A good 996 for £30K (make sure it is a face-lift version) must offer a lot for the money and no car is totally safe from either depreciation or market fluctuations in value. Accountants :: :roll: