View Single Post
Old 05-15-2007, 01:28 PM   #3
racer_d
Registered User
 
Join Date: Nov 2006
Location: Virginia
Posts: 846
Yes, they depreciate.. Heck, even a Mercedes can only hold about 30% of its original value. Porsche built so far, over 200,000 Boxsters. Every year, thousands more come off lease and flood the market. Panic over reliability means most who buy used search for CPO or an aftermarket warranty. All of which hurts resale value.

I think another unspoken element is people only want to buy "new". Used, Preowned, CPO etc all carry a bit of a stigma to those wanting to impress or validate their sucess by owning only the "newest" and "best", even if they aren't the best and money is being wasted.
__________________
1976 914 2.0
2000 Boxster 2.7 (sold)
1978 911 SC (sold)
1970 914 w/2056 (sold)
racer_d is offline   Reply With Quote