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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.
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Last edited by Perfectlap; 10-16-2007 at 08:35 AM.
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