New Porsches hold their value best

Porsche has just issued a press release saying that some of its cars hold their value better than any other new cars in the UK, according to an Auto Express survey.

The 911 Carrera Cabriolet and Boxster will drop less than 50 percent in value from new over the first three years or 30,000 miles. The 911 Cabriolet with a ‘future trade value’ of 55.3%, while the Boxster is forecast to retain 51.9% of its value over that period. This is based on what each car is predicted to be worth, as a percentage, after being bought new in mid-2012 then traded in after 30,000 miles in mid-2015.

All good news for new Porsche buyers, of course, but I still can’t help feeling that I’d find it painful to lose half of, say, £80,000 over three years. Far better, in my opinion, to buy a car that’s three years old and let someone else suffer the pain of depreciation.

Of course, it’s important that people do still buy new cars, otherwise the used market would dry up! 🙂