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Perfectlap · 10-16-2007, 07:30 AM

Yeah but I think that the average used car buyer will have allot more confidence buying a 10 year old Mitsubishi vs. a 10 year old Porsche.
That's a problem.
I personally know at least 10 guys, maybe more, have the money to buy an at least 4 year old Porsche but want nothing to do with replacing an engine or some other $5K+ repair. These cars simply don't inspire long term confidence in the 2nd hand market and dealers holding used Porches on the lot are sweating out "of warranty bullets" until there is a sale...They are very happy to see Porsches leave the lot ASAP. And let's not forget that Porsche now has the backing of 30% ownership of VW. They can afford to stand by their products.
p.s.
By the way, I think for every Mitsubishi that's lost a ton of residiual value there are example of cars like the S2000 that hold value extremely well. around here 7 year old S2000's with as much as 70K miles are still fetching $14K..not bad for a car that barely averaged 8K units in NA since 1999.

10-16-2007, 07:30 AM	#79
Perfectlap Registered User Join Date: Nov 2004 Location: New Jersey Posts: 8,709	Yeah but I think that the average used car buyer will have allot more confidence buying a 10 year old Mitsubishi vs. a 10 year old Porsche. That's a problem. I personally know at least 10 guys, maybe more, have the money to buy an at least 4 year old Porsche but want nothing to do with replacing an engine or some other $5K+ repair. These cars simply don't inspire long term confidence in the 2nd hand market and dealers holding used Porches on the lot are sweating out "of warranty bullets" until there is a sale...They are very happy to see Porsches leave the lot ASAP. And let's not forget that Porsche now has the backing of 30% ownership of VW. They can afford to stand by their products. p.s. By the way, I think for every Mitsubishi that's lost a ton of residiual value there are example of cars like the S2000 that hold value extremely well. around here 7 year old S2000's with as much as 70K miles are still fetching $14K..not bad for a car that barely averaged 8K units in NA since 1999. __________________ GT3 Recaro Seats - Boxster Red GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11 Fabspeed Headers & Noise Maker BORN: March 2000 - FINLAND IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW Last edited by Perfectlap; 10-16-2007 at 07:35 AM.