04-15-2024, 01:58 PM | #1 |
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Slightly Used Trade Values
Not finding a ton of data out there but basically curious as to what values used X-drives are fetching on trade-in?
Part of my car buying process is to look at depreciation & making as smart of a decision as possible. I can comfortably afford a G80x but if spending a little more on a p-car or used G8x puts me in a better position and not underwater in 2 years, i'd maybe opt for that. The two cars im comparing would be a new build G80 Xdrive (likely individual color or dravit grey with fiona buckets) vs either a GTS 4.0 or GT4. If this makes sense, i'd rather spend $120k on a GT4 that will be worth $105k on trade in 2 years vs spend $100k on a G80x that will get me $65k on trade in 2 years. Either the data isn't complete or the trade-in for a 12k mile G8x with carbon pack & loaded is like $73k - to which case i'd probably spend the extra money for a GT4 or same $$ for GTS 4.0. I highly doubt a $100k G80x is fetching $75k on trade in and selling for close to MSRP used. Let me know if this makes sense! It would be great if any G8x owners can chime in their trade-in value experience! I realize it's not quite 2021 with peak values but it's also not 2019 where you could get a 6,000 mile used car for $25k less than sticker. |
04-15-2024, 02:19 PM | #2 |
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I don't think anyone is going to be able to give you anything but speculation.
Used car prices will be in flux for years due to the 10 million cars that didn't enter circulation during the pandemic and the supply chain issues. Porsche prices are bizarre nowadays, perhaps more so than most brands. Only an Oracle could say if they'll continue...but I don't think there will ever be a day when the depreciation on a GT4 will be as bad as more consumer-level cars like the M3 and M4. The first of the 3-year leases on G8x cars are just now expiring. I have a gut feeling that more of us kept our cars this time than when the first of the F8x cars came off lease. But I have nothing to back that up with. Some dealerships are seriously unwilling to believe that it isn't 2021 or 2022 anymore. Some are losing so much money on floorplan financing that they're in a panic, some are just pricing stuff with a dart board. I don't think there's enough data for anyone to guess what a GT4 or M3 will be worth in 2 years. |
04-15-2024, 02:45 PM | #3 |
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Well, you asked a straightforward question and since I haven’t tried to trade in my g80, I cannot help there. But there are various ways to get this info. Call dealerships, various online selling sites, retail and wholesale auction sites, etc.
A GT4 isn’t available new, correct? My guess is that a high spec M3 as well as a GTS will depreciate similarly (but more risk with the M3) and both less than a GT4. Based on your post, a used M3 would be the likely best financial choice. But these are mostly emotional decisions… Your ‘Drives’ lists a 911. ? If you have a 911, why would you want a Cayman? |
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04-15-2024, 03:01 PM | #4 |
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So I had a ‘22 xDrive with carbon bucket seats and 8k miles, and sold it privately on 08/23 for $2k less than MSRP.
Then on 01/24, purchased from a dealership a ‘21 RWD with sport seats and 34k miles for $15k less than MSRP. Like others said, it’s hard to predict values, and given that the MSRP of the G8X keeps increasing significantly. A ‘24 with the same specs I had in ‘22 has increased by $8k MSRP. Can’t speak for the Porsche market, but as far as G8X’s go, an xDrive with bucket seats is holding better value at this time in the used market.
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04-15-2024, 03:36 PM | #5 | ||
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04-15-2024, 04:22 PM | #6 | |
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04-15-2024, 04:36 PM | #7 |
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04-15-2024, 04:36 PM | #8 | |
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04-15-2024, 04:36 PM | #9 |
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The short answer has already been covered... a Porsche, and especially a GT4, will retain a much higher resale value compared to any M3/M4 you get outside of perhaps a CSL.
The longer answer is going to be completely up to your personal wants. If you plan on, or even think you might want to try something else out after a year or two, it wouldn't make sense for you to buy a brand new G8X because you're just going to get crushed in resale. You should look on the used market, find something near your "perfect" spec, and trust that the biggest depreciation hit has already occurred. The G8X is probably going to be the car you're actually going to use far more often. Why spend +$100K on a car that you're going to just drive on the occasional weekend? The GT4 is not going to be something you choose to daily or take on a long road trip, but the G8X will. I have owned a few Porsches in the past. I have no regrets, because I think any car enthusiast should experience 911 (or Cayman) ownership at some point if they can afford it. The good news is that if you buy well you can drive it for awhile, then sell it for not too far off what you paid. I too have considered a GT4 many times. I keep going a different direction though because I start thinking about how little I'll actually drive it, and how I am sure that after a couple years of that I'll want to sell it for something I'll drive more often. If I'm going to spend +$100K on a vehicle, it has to be something I will use more than just a weekend toy. And as thrilling as the driving experience might be on a GT3, GT4 or even a GTS 4.0, I know it will be an occasion driver, not something I actually use with regularity. But as others have said, as a direct answer to your question, the M3/M4 will drop significantly in value off of new when compared to the Porsches you're considering.
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04-15-2024, 04:42 PM | #10 | |
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Good luck getting a new allocation for a GT3 or Cayman GTS 4.0. May have to go used for a GT4, GTS 4.0. Much easier to get an allocation for a new M3/M4 than a Porsche sports car. |
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04-15-2024, 04:55 PM | #11 |
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I can tell you what I was offered by my dealer on my ‘24 M4C. MSRP was 101k and they offered 88k on a new BMW. I was able to do a bit better. If I had paid MSRP and took 88k I would have lost 13k. Thank goodness I was lucky enough to negotiate a pretty good deal on the M4C.
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04-15-2024, 05:26 PM | #12 |
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Not going to derail OP’s thread, as there are plenty of posts on this topic.
However, it’s more than sufficient for my needs and satisfied with the change.
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04-15-2024, 09:10 PM | #13 |
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I just traded in a '24 xdrive that I bought 5 months ago in for another g80 xdrive in a different color/options.
I paid $87xxx for it 5 months ago, they gave me $81,200 and it had 2000 miles on it when I traded it in. Was surprised it depreciated that little but not sure if they sold it yet. |
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04-15-2024, 09:26 PM | #14 |
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To answer some Qs
I had a 911 - sold it & LOVED it. Have always liked the driving feel of the Cayman more. Also - if i go P-car i want an NA P-car. I was on the GT4 allocation list & they stopped production, so i was bummed. I also bought an expensive house during this time! Financially, i can afford to spend $120k on a car but can't (more psychologically) afford spending $120k on a car and it be worth $65k in 3 years like an M5 would. Of course - this is a car, not an investment but i always like to minimize the damage. These do factor into my decisions. Financially i do well but not well enough where i can just buy a car & not care about depreciation at all. The M3X would be BRAND NEW, the GTS/GT4 would be used. I can get a pretty good spec GTS 4.0 for about $95k certified. The G80x i spec out would likely be right at $100k MSRP (buckets, etc). GT4 is looking closer to $125-$135k - which is a lot of coin & would stretch things for me. But if it will be worth $120k in 2 years, that would be a cost i would be more willing to incur vs an M5 for example. The other caveat is i have one child & am likely going to have another in 2 years time, so my thinking was maybe get the cayman now, drive it for 1-2 years & then get a G80x? |
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04-15-2024, 09:49 PM | #15 |
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Cars, in general are terrible investments irrespective of what we want to believe. If the potential of depreciation will prevent you from enjoying, which based on your post seems probable, I’d highly suggest a used G8X.
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04-16-2024, 06:15 AM | #17 |
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Given your updated information, I say absolutely get the GTS 4.0 or GT4. Drive it 2 years and then make a decision. There will be new M3s to buy in 2026 if that's the route you end up wanting to go, and you will have lost minimal money along the way. If you were to do the opposite and buy a new M3 now then decide in 2 years you want to try the GT4, you will have lost 10s of thousands more.
Having owned a Cayman in the past, I think you will find it highly engaging to drive...more than your 911 was...but also not super practical. My prediction is you'll have your fun, but want something a bit more user friendly for the longer run (especially with a growing family) and then you'll be ready to come on over to the M3/M4 world.
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04-16-2024, 07:45 AM | #19 |
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I think only in Europe. Porsche's intention for most markets was to continue selling the existing ICE 718s and Macan alongside the new generation EVs. They're unable to do so in Europe due to a new Cybersecurity law that goes into effect in July. But my understanding is the US and other markets are sticking to the original plan.
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04-16-2024, 08:21 PM | #20 |
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I was recently looking to pick up a used g80. The prices blew my mind. One in particular was 2 yrs old with 30k miles but only about 11k off of original MSRP. I just didn't see that as a deal. I can't imagine this continues to be true, but so far they at least seem to be getting resold at a much higher price than I'd normally expect. Just ended up ordering one the way I wanted, the incentive to go used wasn't there.
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04-16-2024, 08:52 PM | #21 |
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I lost 5k after 10k miles on my comp x, but it was less than a year. My guess is you’ll lose 10k-15k more on the M, but you may spend half that on maintenance and insurance and interest on the GT4. My vote is get what you want.
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04-17-2024, 07:46 AM | #22 |
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My opinion is... If the main purpose of the vehicle is transportation look for something with a low depreciation but if the main purpose is fun then just buy what you want. One can easily spend $10,000 on a 2-3 week vacation and after it is over all you have is the memories. Money only has value if you spend it.
If you buy what you really want in the first place you won't have to worry about swapping it out in 2 years. |
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