5 FASTEST DEPRECIATING Porsches That Could Be CHEAP SOON! (FALLING PRICES)

Porsches appear to be depreciating incredibly quickly right now, which is quite unusual for a brand that typically offers strong residual values. In this video we look at 5 in particular that just aren't selling right now, and are going down in value!
I hope you enjoy!
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- Will D.
- Ethan W.
- TheGeordieTiger
- Callum W.
- Byron W.
- Dhruv A.
- Albert L.
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Music:
Background: My (musically gifted) sister
Attributions/Creative Commons Content:
992 GT3
• 2022 Porsche 911 GT3 f...
• 2022 Porsche 911 GT3 f...
• Porsche 992 GT3 Club S...
• 2022 PORSCHE 992 GT3 C...
992 S
• Tour of a 2023 Porsche...
• Tour of a 2019 Porsche...
• 2020 PORSCHE 992 CARRE...
• FOR SALE - Porsche 992...
• Porsche 911 992 Carrer...
Taycan
• 2020 PORSCHE TAYCAN TU...
• Tour of a 2022 Porsche...
• Taycan Turbo S Sport T...
• Tour of a 2022 Porsche...
• Redline: Porsche Tayca...

[@CarsWithJB]

I hope you enjoy the video, thanks for watching! One common comment I see on videos about depreciation is the price new of cars adjusted for inflation - all this means is that if I buy a car new for £100,000 right now, and it's still worth £100,000 in 1 years time, if inflation that year was 10%, I have still theoretically lost money on it, because my £100,000 this year would be worth £110,000 in a year's time (from an inflation perspective, of course there are many reasons why my £100,000 might still be £100,000, for example if I left it in a bank account with no interest, or whatever). So yes, a 992 GT3's price new in 2023, for example, is not £175k, but in line with inflation, if you bought one in 2021, inflation would say that same money is equal to £175k, and in my opinion it's fairer to calculate depreciation with inflation as the basis, otherwise if you bought a £50k car in 1980 and it was still £50k today, you'd say it hadn't lost any value, when in real terms £50k in 1980 would be over £200k today! Tl;dr - a general increase in prices and fall in the purchasing value of money means less money in the past is worth more money in the future

[@JP-cu2gm]

It’s the right way to do it!

[@venceromos1251]

I have a Taycan 4S, I bought it at 14 months old so I avoided the initial hit, it came with 26K worth of extras. I just want to say, its the most amazing car Ive ever driven (previous car was the Porsche Macan GTS) The car looks amazing, in Neptune blue, performs like a supercar and Im absolutely delighted with it.

[@RichardWarner-df7dz]

I have a 970 Panamera Turbo. It has Burmeister stereo, carbon brakes, sport seats, sound deadening glass and much much more. Sticker was 160k. My price 21.9k. I put 6-7k in maintenance and tires. It’s in 9 out of 10 condition. Amazing car and price. Cheers boys. Oh it’s 550hp AWD pdk sports chrono.

[@Lionheart_He-Man]

Impressive deal 😮

[@rob_m]

Where did you source that deal pal?

[@Motoscotty]

I have the Taycan Turbo and I love it, new price with extras was £140,000 and I bought it approved used with 8000 miles for £88k. To be honest, i'm delighted with that, someone else took the depreciation hit on it big time! I plan to have it for quite a few years and it costs next to nothing to run whilst being insanely quick!

[@derin111]

“Costs next to nothing to run”? Could I ask how much is your insurance please? Thanks

[@Motoscotty]

£800 per year, electric spend is next to nothing to run it as well. Home charging makes it very cheap.@@derin111

[@refuztosay9454]

Save your money for a battery replacement- they cost over $20,000.

[@4564scot]

Someone else took the depreciation 😂 only 88 grand left to go !

[@terrysadlier8456]

Drive it from the Lands End to Scrabster and tell us how many weeks it took you and how many multiples more it cost than a 20 year old 2Ltdi🤣👍

[@1970boggy]

The inflated prices days are well and truly over! Watches, cars, houses etc. are all falling and fast. Inflation isn't budging and money is way more expensive to borrow. In addition, wages aren't rising as fast as they were previously. People now understand none of the above are great investments. Houses will eventually even out, but luxury goods are just that! Luxury.

[@derin111]

This is exactly correct! As an older person now (60), I remember the days of the early ‘90s when our mortgage interest rates hit around 18%. However, since then whole generations had grown up with near ‘free’ borrowing and with a complete disregard of interests rates. Well, they’re beginning to find out now! It no longer makes sense to buy these stupidly expensive cars now that they are depreciating like this and the interest rates on the borrowing is so high. How many people can really ‘afford’ an £80k plus car based on their real incomes? Before I retired my annual income was over £300K and have no debts. I would never have considered spending £80K on a car despite being a massive petrolhead. The bubble has burst but it’s still taking time for a certain generation to adjust to reality. I think what you say is definitely true for the overt luxury items: Nobody ‘needs’ an expensive watch…nobody ‘needs’ a Porsche and once the speculation wind gets taken out of such thing’s sails their value collapses. Houses will be slightly different. People always ‘need’ houses and in a country where there is always a shortage they tend to be cushioned. Only in areas like London and the SE where price speculation is rife do you see truly massive swings. Indeed, just in the last 2 hours today, a BBC headline reports a slight INCREASE again in house prices.

[@hsvracer]

Have you ever thought of switching to decaf ? 😂

[@jeremywentworth1833]

Carrera S all the 911 anyone needs, Taycan Tourismo definitely 1 of the very best EVs to look at and right up there as an EV. Think there is still more depriciation to go yet as market goes back to somewhere near precovid and EVs droo even more.

[@CarsWithJB]

Agreed and agreed and agreed again!

[@drunvert]

The GT4 will be the car that goes up the most over the next 10 years

[@uksharif]

Taycan Sportsturismo is my favourite non-GT Porsche, I think it looks unreal. That green spec is stunning. Long may the collapse continue

[@ollyrukes]

The taycan back when it launched was ithe only premium car that directors can get and avoid a huge BIK charge, so they got snapped up on leases on their droves. After they years, this causes a huge glut of them to be on the market, which brings the price right down now there are so many more choices for premium EVs

[@partybiscuit]

Same thing happened to the 928 back in the early 90's. They look similar too.

[@Agent77X]

My all black glossy 2020 911 Turbo GT still holding in value! Same near price as I brought it new in 2019!😊 Has only 4K mileage on it!😊

[@jacobcastro8276]

The prices in the U.S. are so much more inflated than the prices from your examples. Even with currency conversion, U.S. prices are still so much more expensive

[@waynemoore9951]

I've been looking at Alfa Romeo stelvio quads tentatively, and the prices don't seem to be coming down, any reason for this, if other cars are falling?

[@CarsWithJB]

Interesting - I had seen them come down quite a way, didn't realise they'd halted?

[@uksharif]

They were buoyed by the general rise in car prices, so they fell, then went up, then fell really slow (from what I've seen)

[@drunvert]

People bought this car as an investment. The problem is people that could not afford the car bought the car as an investment the same way. People bought very expensive homes in 2006 because they would double in price which they don't. Once the price is started coming down, people realized that all of their money is at risk or they're going to have to hold the Porsche for 5 years and tie up all their funds in it which they probably can't afford to do. I'm talking about the GT3

[@The_Unintelligent_Speculator]

That first blue GT3 🤤

[@markburton7322]

Funny thing the SUVs still going strong, Lov It

[@RB-lt8kt]

You are talking about Taycan Turbo and not the most cars sold. Taycan's were £70k RWD and £90k for 4S model in 2020 with options from £85 to £110k. Now 3 year old cars £53 to £64k. So about 40% drop but could be more towards 4 year mark and warranties ending. Also fast rapid charging capability will have damaged batteries lowering range of Taycan's (200 and 250 mile max when new). Some cars might have lost 20 or 30 miles of range so always get a battery report when spending your money. Cupra Born's have lost 40% in 18 months along with VW ID3 and Audi etrons.

[@markrowland6494]

I suspect Taycans, certainly entry cars have got further to fall over the next 12 months, with the first round of leases/company cars ending there will be a glut of used examples for sale

[@rninnim]

Hi JB, how do you get the price history to show on Auto trader??

[@getcrabtree]

It’s a chrome extension. At price tracker. Just google it.

[@CarsWithJB]

as above!

[@rninnim]

​? Looking for the price history tab mine doesn't have one

[@Tavault]

My friend just purchased a 2023 Taycan CT 4 S, he paid £67k with a cost price at £120k wow sounds a bargain, however he’s paying an higher premium on insurance than his Range Rover.

[@CarsWithJB]

Didn't realise insurance was that high on them! Definitely not helpful for values

[@Lionheart_He-Man]

That’s good to know 😢

[@LesDenwey]

I very happily drive one of the 5,077 Boxster GTS (981) that Porsche produced between 2012 and 2016, I couldn’t care less about whether it gains or drops 5 or 10k, no one’s getting my eargasmic toy any time soon 😂

[@D992]

Me too re my 981 BS with toys. It’s simply superb. 👌🏽

[@brianmckenna1802]

how do you get the price tracker

[@CarsWithJB]

I think it's called AT price tracker, if you use Google Chrome just search for 'autotrader price tracker plugin'

[@brianmckenna1802]

thanks@@CarsWithJB

[@IronMountainx]

The bottom line is if you can't afford to loose the total value of the vehicle, then you are over stretching yourself. Yes everyone else is doing it but that doesn't mean you should too. If you can only afford to loose 20k then it makes sense to purchase a car for around say 30k. Its quite simple, just because the finance is available it doesn't means you should.

[@gunman8452]

the thing is that this is only happening in the UK, it's the same in the USA due to higher demand

[@uksharif]

I've been in the Middle East for a few months and have noticed it here I was also watching some clips of US petrolheads saying it is happening there too and the interest rate hikes are causing big problems?

[@kamalsutra]

Not here in Singapore, Its USD1.2million for a GT3RS

[@velcingilles3756]

Think I'll keep my stunning black 997.1 c2s😂

[@iggswanna1248]

cool, now i can dream to have a porsche even harder now.

[@bmm760036]

Surprised the Panamera Turbo S/GTS did not make the list

[@victormena1501]

Because is the best car

[@victormena1501]

Also is 100 dollars,literally only the rolls Royce’s are the sedans that are more expensive

[@CarsWithJB]

Originally I did have it in, but swapped it for the 992 GT3 because of how surprising I found the price drop on a 911 GT product!

[@porschecarreras992cabriole8]

Which Porsche do you own and you plan to buy next as they are going cheap now?

[@johnshaw8013]

Listing price drops from people who were speculating and trying to sell stuff for way more than its worth is pointless! Most production cars lose at least 20% in their first year! That because of the VAT on it from new!

[@doobypowell]

No mention of the porsche panamera in most of the porsche videos are these nota good choice

[@uksharif]

So good, but so, so ugly

[@victormena1501]

Fake

[@johnbmw550i]

Don't drive one near water, the air intake is low in the wheel arch, water goes Turbo goes pop and NO warantee cover.

[@CarsWithJB]

No they're lovely, particularly the sport turismo, but I actually swapped it out in this video for the 992 GT3!

[@doobypowell]

@@CarsWithJB I would like to see a full line up of the porsche model's

[@ApothecaryTerry]

That Taycan depreciation is crazy, they've significant battery issues but that's covered under warranty and, inconvenient as it is to have no functioning car for a while, that's part of the ownership experience with any Porsche 🤣 If I had a charging point, I'd be starting to get pretty tempted by one of those...

[@CarsWithJB]

I think they're definitely coming into a nice price range... let's see if they come down into the 30s!

[@wadimek116]

I don't think they are worth yet and probably won't be in future neither as in few years the battery will need to be replaced.

[@d28k83]

If only they were this cheap in Australia.

[@mhoseinofi]

The GT models were all over priced to begin with! Porsche is one of a handful of car makers that actually make big profit from selling cars both new & used. Time for a market humbling I say!

[@caryg4638]

People don’t understand why these cars depreciate and it has everything to do with who the new and second-hand buyers are. Typically, with most luxury cars that are under $100,000, you have a buyer of the new model who drives it for 3 to 4 years and then sells it. The secondhand buyer wants to purchase it because they want to look flashy but they can’t afford a new model. Even though the car will depreciate a bunch, they will still be buyers for those cars even at 60 to 65% of the purchase price of a new one. You just repeat the process. However, with models that are costing $200,000, there are a relatively select few people who can even afford to purchase a new one. And most of these cars are not desirable enough or maintenance free enough to justify a secondhand buyer trying to buy one for over 100 grand just to show off. At those prices, a secondhand buyer would just as soon pick up a base model brand new car for $100,000 or pay 60,000 for a different car altogether. In other words, the secondhand buyers in this market are not the same as the secondhand buyers for cars that are under 100 K.

[@Bob62]

They’re now offering a free service deal on the Taycans as some sort of insensitive.

[@TomEvans-id8oc]

Rather have the 981 gt4 tbh looks better made less sounds alot better too, and 718 are too expensive

[@CarsWithJB]

I like both personally, the 981 is better value right now, but the 718 has some cool spec options!

[@TomEvans-id8oc]

True plus when they stop making them there will be more about with more interesting specs, personally really like the 718 spyder as with the 981 they haven't dummed it down

[@domloz3130]

@@TomEvans-id8octhey already stopped making them. Never again will we see a mid engined combustible Porsche being produced.

[@edwhyte9119]

How is the 911 turbo s naturally aspirated???

[@adrianrobinson8458]

The 993 is the best of them all, the last of the proper air cooled, my favourite of them all.

[@CarsWithJB]

My boss has a lovely one in a burgundy colour, such a beaut - I'm a 964 fan personally

[@D992]

I will jump in for a 992 Turbo when prices are realistic - shortly to come. 😁. Car market is about to crash folks.

[@Jivsyt]

175k for 992 gt3 without options? It’s 146k without options

[@CarsWithJB]

Just £175k adjusted for inflation, not it's actual price! I've pinned the relevant explanation if you're interested

[@OviWanKeno9i]

Nothing is really affordable still. Still very rich people prices. The prices are so inflated.

[@drunvert]

I can't believe you can buy a turbo s991 for the same price as a Carrera s992

[@uksharif]

Also, thank you for sharing Green Flag Society - a joke turned into a range of fun merch. Hopefully a few people try it and like it, there'll be more drivers! (Taking requests, if anyone has any)

[@ussamatayub5794]

Why would you not put these cars on a business/fleet policy ??

[@garsimmulholland4984]

I’m paying £4750 for fully comp on a 2023 AMG G63 …..my cayenne gt was £900😳😳😳

[@derin111]

😮😮😮😮😮

[@jonnyfrith1]

992 gt3 base price is £147k not £175k

[@HarmonyGaming01]

American viewers: DON'T GET YOUR HOPES UP (besides taycan). 992 GT3, GT4, 991 Turbo S are *not dropping* anytime soon...

[@TheBurnAlive]

So what only allowed 110 km/h

[@Bi6M4C]

I mean there is a reason for this, I wouldn't buy a car that drops value fast.

[@CryptoChrisCard]

992 Carrera S "£126,000 with zero spec options" - they're only £110,000 base price today.

[@CarsWithJB]

Price adjusted for inflation - pinned an explanation if you're interested in my logic!

[@Ferg2jz]

Why did you say that the 911 Turbo S was naturally aspirated?

[@dmode2793]

He made a boo boo 🙄

[@CarsWithJB]

Agreed - I meant to say combustion engined but mixed my words! Will fix shortly

[@banjopete]

Waving his hands like one of those wobbly men, makes me nervous.

[@mikyblueeyes3155]

Yeah it cost 8000 per annum to run

[@BobTheBlue]

Prices will drop a lot further… HOLD ONTO YOUR CASH LADS… let’s get them down another 30%

[@the1beard]

Un-Insurable is why they are collapsing in price

[@CarsWithJB]

Genuinely didn't even realise the insurance was that bad on them, crazy!

[@davidowen2859]

What do you mean uninsurable? I have 4 all insured my 992GTS cost me £716. If your 18 with no driving record then you won't get insurance.

[@the1beard]

@@davidowen2859 Depends where you live In London uninsurable... unless you have a garage they will not cover theft And premiums are based on the car not the person insured Range Rover insurance is often the same cost as the full value of the car Insanity

[@davidowen2859]

@@the1beard The premium is based on a combination of the vehicle, the use of vehicle, where the vehicle is kept but of course on the person that drives it. I'm in my fifties with a clean driving record your not telling me someone in their twenties living next door to me could insure a brand new 992GTS for less than a grand. If you think that then you've never owned a performance vehicle.

[@alfamale9555]

Nonsense, I have a Ferrari California £1200 pa. If ur a kid maybe

[@1onlyassassin]

Same video again but even cheaper please 👍🏼

[@robertarthur3711]

A fool and his money are soon parted

[@JP-cu2gm]

Hi. I like to watch Porsche videos so I can SLAY in the comments when I hear a mispronunciation. I don’t have a girlfriend so I can spend my spare time practicing saying the model names of the cars I’ll never afford.

[@CarsWithJB]

I like to switch it up between Porsch and Porscha to really mess with people sometimes

[@dmode2793]

6:13 It's not a naturally aspirated car, it's turbocharged. It's a 911 TURBO S.

[@dmode2793]

It's pronounced, 'Thai-khan'.

[@jra55417]

Actually it’s “thigh” “caaaan”

[@johnshaw8013]

Plus half these cars you mention are over priced to start with!!!

[@jacksingh4033]

Price drops won't affect the cash buyer the rich its the majority pcp leasing brigade for the school run champagne lifestyle lemonade money

[@JP-cu2gm]

It’s time to start paying royalties to Castle Motors

[@CarsWithJB]

Their sales videos are excellent!

[@waynesarahburns3871]

Do you work at castle motors or something?

[@user-fd7ju5sb6b]

Our owners are gradually crushing the motoring world. Chipping away. Reducing roadways, increasing insurance, tolls and restrictions, increased surveillance and penalties, etc etc. Slow chip chipping away

[@flamingo2229]

Inflation based analysis is silly - what about your salary, how has that been doing? If you take inflation into account the prices of cars would have to rise to keep up with inflation which only makes sense if the cost of producing the car has risen with inflation as well. You need to do better maths to convince about your head line analysis. Cars naturally depreciate in an inflation free environment and you need to calculate that as well. Your figures simply do not add up?

[@CarsWithJB]

Have to disagree - if you’re investing you would consider inflation-adjusted returns as the real rate of returns as opposed to just whatever the actual value of return is at the end of any set period (I.e. if your investments go up by 3% in a year but inflation was 6% your investment returns are negative). Same goes for buying a car, if you bought a car in 1980 for £50k and it’s £50k today, that doesn’t mean you haven’t lost any money on that car relative to the money’s purchasing power - in today’s economy salaries (sadly, for most people) rarely go up in line with inflation, but that doesn’t mean that inflation doesn’t exist. On the cost of producing a car it’s a fair point, but typically that’s why the baseline cost of a car brand new does go up year on year - the Carrera S for example was £102k in 2019 and £110k now. But you can’t factor the cost of production into a car that’s already been produced, and you can’t factor the cost of other versions of that car that haven’t yet been produced, into the real cost of that car when it was new, and the amount that would equate to adjusted for inflation at any other point in history before or after it’s purchase - £102k in 2019 is £126k in today’s market, as a result of inflation

[@MrCyberamp]

This is already debunked by another KZbinr.

[@CarsWithJB]

Interested to hear what they've said!

[@Zach0011]

People will do anything to have a KZbin account/video. This is all wrong information- Don't ever listen to someone who cant even pronounce the names of the vehicles CORRECTLY. I challenge you to show me any 992 GT3 under $150k AND A TURBO S under 90k haha. we all know cars depreciate as soon as you drive them off the lot how ever a significant amount of these cars you named have not lost the percentages you are saying- That being said that is why they are coming out with a law where you cant sell the GT/turbo s models right away so you cant profit off the vehicle- you have to have at least 1 yr of ownership before selling. that being said they know most of them are appreciating. STOP BEING A SIMPLETON

[@CarsWithJB]

I'm assuming by the $ you're US based? Speaking about the UK market in this video!

[@Zach0011]

@@CarsWithJB it doesn’t matter your numbers are way off

[@CarsWithJB]

@@Zach0011 I mean I've screenshotted examples of the cars for sale, not sure what more evidence you need! Check out UK autotrader if you want more proof - e.g. Turbo S: www.autotrader.co.uk/car-search?aggregatedTrim=991%20Turbo%20S&make=Porsche&model=911&postcode=n11aa&sort=price-asc

[@Zach0011]

Send links of GT/turbo S for the prices you explained above..

[@CarsWithJB]

@@Zach0011 so the cars in this vid, 991 Turbo S: www.autotrader.co.uk/car-details/202310102837193?sort=price-asc&aggregatedTrim=991%20Turbo%20S&make=Porsche&model=911&postcode=n11aa&advertising-location=at_cars&fromsra 992 GT3: www.autotrader.co.uk/car-details/202309131917481?sort=price-asc&aggregatedTrim=992%20%20GT3&make=Porsche&model=911&postcode=n11aa&advertising-location=at_cars&fromsra

[@user-dr2ww2jg8o]

such mid cars

[@CarsWithJB]

If the 992 GT3 is mid I'm definitely interested in hearing what's not mid!

[@michaelbooth4081]

This is a lazy video. There is far movement involved when looking at GT3 prices and there is better content on Utube. Options and Gen updates are key to the prices. No mention is made of either point, as looking at headline lowest and highest prices is irrelevant.

[@keithcraig4205]

Wouldn't call it Lazy in fact he's put a lot of effort into producing it and well done. The fact is that there's people out there that don't like hearing the facts when they've bought something that is a hot potato and losing cash. If your want a GT3RS then there's two for sale in Cardiff in one of those "specialist" dealerships a bargain at £399k each. Pay your money and take the chance, who knows it might be worth more in a year.

[@BigredGT-pm5lm]

EVs are junk. No matter the brand. In the ned they will cost big money. Stay away.

[@CarsWithJB]

This is definitely a lot of people's sentiment when it comes to second hand in particular!

[@uksharif]

The problem is they'll cost huge money and we're all worried they'll be useless in 10 years. BUT most engines are so quiet nowadays they provide no joy and all they do is provide NVH into the car, rather than anything pleasant.

[@keithcraig4205]

Absolutely correct. I probably have more knowledge of EV's and batteries than most. Not a wise secondhand choice for many, many reasons, let alone insure them as repair shops don't want to touch them for good reasons (my neighbour's Ford Mach E is over twice to insure than my BMW 2023 M4 Competition at £450), enough said. Hence why the secondhand prices will plummet. Ask yourself one question.... why isn't Lord Bamford of JCB looking into EV technology and has in fact already produced a hydrogen prototype lorry??? The current battery technology isn't up to it. @@CarsWithJB