Go Back   The Cayman Club > Cayman Discussion > Cayman Sales & Leasing

Notices

Cayman Sales & Leasing Forum for discussion of buying, selling or leasing a Cayman or for discussion of items listed in the Classified Ads. This forum is NOT for listing items for sale, PLEASE USE THE CLASSIFIEDS!

» Kinetic Speed Shop


» Softronic


» Club Sponsors

Want to Advertise?

Plantium Sponsors
Suncoast Motorsports
Porsche Exchange
Mods4Cars
Tire Rack
Softronic
TPC Racing
Kinetic Speed Shop
Capristo
Farnbacher Loles
Park Place
Hendrick Porsche
M's Machine Works
Modacar
Arlan Motorsports
Autopia
Escort Radar
Wheel Enhancement
Jim Ellis Porsche
Aristocrat Motors
Porsche of Hilton Head
McKenna Porsche
Evolution Motorsports
All Sponsors
» Donations
Your Donation Will Be Used To Pay For our ever increasing bandwidth costs, our hosting Service, domain registration, software licensing fees, maintenance costs and product evaluations Only!

USD $

Please enter your donation amount above,
and then click on the donate button below.



Reply
 
LinkBack (1) Thread Tools Display Modes
  1 links from elsewhere to this Post. Click to view. #1 (permalink)  
Old 08-17-2008, 03:33 AM
123cayman456's Avatar
Cayman Clubster
 
Join Date: Mar 2008
Location: California
Posts: 64
Country:
My thoughts on the used value $$ of the Cayman

A dealer told me they are not getting any new 2008 Caymans and they only have 4 2008 left. It would seem to me that:
with the 2009/2010 not coming out until spring of 2009,
the upgraded fuel injection,
the value of the euro to the dollar,
the body style change,
that the MSRP of the 09/10 cayman should be higher then the current cayman is,
dealers will probably not be discounting the 09/10 as much,
the low production numbers.
That the value of used 2006-2008 caymans should go up as many may not want to spend the extra $$ on a new one. Am I wrong?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #2 (permalink)  
Old 08-17-2008, 03:43 AM
lspain's Avatar
Cayman Enthusiast
Awards Showcase
Cayman Registry: Award given to someone who enters their Cayman into the Cayman Registry complete with Photo! - Issue reason: Entry 08/10/08 
Total Awards: 1
 
Join Date: Jun 2008
Location: Florida
Posts: 110
Images: 6
Country:
It will be interesting to see the effect of the euro vs dollar on the MSRP of the new Cayman, assuming it comes out in 2009. The production cost is a "fixed" number (in euros), so the pricing decision in dollars and the supply sent to the US vs other parts of the world might result in "upward" pressure on used Cayman prices. However, Cayman prices are already depressed by the economy and the falling prices seem to be continuing. I guess the "dealer" sponsors won't be commenting on this one.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #3 (permalink)  
Old 08-17-2008, 04:18 AM
Jim Michaels's Avatar
Cayman Idealist
500 post club
Awards Showcase
PCA Member: Given to members who are currently part of PCA and have a valid PCA member ID# in their user profile on this site and have applied for and been admitted to the PCA Members Group on this website via the Group Memberships link in the User Control Panel - Issue reason: 2/5/2008 
Total Awards: 1
 
Join Date: Aug 2005
Location: Virginia
Posts: 892
Country:
There sure are a lot of independent variables in this equation, but my expectations are that: (1) MSRP of the new caymans will be somewhat higher; (2) dealers will be giving smaller discounts on the new Caymans (at least until demand cools); and (3) the market value of used Caymans will continue to decline.

Only the third prediction differs from what was initially posted, but used Porsches very rarely increase in market value this early. The rate of depreciation may slow somewhat, but I don't think that happened to used Boxster values when the Cayman S came out.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #4 (permalink)  
Old 08-17-2008, 07:27 PM
mkiv808's Avatar
Cayman Activist
 
Join Date: Jun 2008
Location: CT
Posts: 257
Country:
Yes, I think you are wrong. They will continue to depreciate.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #5 (permalink)  
Old 08-17-2008, 09:13 PM
DaveN007's Avatar
Caymaniac

2,000 post club
Awards Showcase
Posts Bronze: Given to someone who has posted at least 1,000 posts on the site - Issue reason: Attained 10/07 Donations Bronze: Given to someone who has donated at least $50 to the site. - Issue reason: Donation 5/27/07 Donations Gold: Given to someone who has donated at least $200 to the site. - Issue reason: Donation 12/06 and 1/07 
Total Awards: 3
 
Join Date: Oct 2006
Posts: 2,543
Images: 7
Country:
Yes. The value will climb dramatically if your car is in pristine condition.

Starting 300 years from now.

Until then it will depreciate.
__________________

2007 Speed Yellow Cayman GT 2.7 (retired)
2008 Guards Red Cayman GT 3.4
"Carpe Cayman"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #6 (permalink)  
Old 08-17-2008, 10:22 PM
BGLeduc's Avatar
Cayman Activist
Awards Showcase
PCA Member: Given to members who are currently part of PCA and have a valid PCA member ID# in their user profile on this site and have applied for and been admitted to the PCA Members Group on this website via the Group Memberships link in the User Control Panel - Issue reason: 2/5/2008 Cayman Registry: Award given to someone who enters their Cayman into the Cayman Registry complete with Photo! - Issue reason: Entry 02/22/07 
Total Awards: 2
 
Join Date: Dec 2006
Location: New Mexico
Posts: 347
Images: 2
Country:
A nice thought, but there is a snowballs chance in hell of our cars appreciating.

Brian
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #7 (permalink)  
Old 08-17-2008, 11:59 PM
phayd2black's Avatar
Cayman Clubster
 
Join Date: Jul 2008
Location: TX
Posts: 95
Country:
I think I see where you're coming from, but I think it's more likely that the value of used Caymans will just depreciate more slowly if this scenario is the case. Although I must say I am in no way a Financial/Automotive industry/Economics guru.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #8 (permalink)  
Old 08-18-2008, 02:30 AM
markstudy's Avatar
Cayman Enthusiast
 
Join Date: Mar 2008
Location: Florida
Posts: 125
Country:
Quote:
Originally Posted by lspain View Post
It will be interesting to see the effect of the euro vs dollar on the MSRP of the new Cayman, assuming it comes out in 2009.
Dealers use the Dollar vs Euro to scare people into buying now.

But, I've read some Porsche financial reviews that say they have the exchange rate hedged and covered until 2011 or 2012( I can't remember which)....so fluctuations will not effect prices in any major way.

What's also funny, is in the last few days, the dollar has gotten stronger (Russian tanks on the move in Georgia...and slow-downs in European economies). Its funny how fast things change.

Expect the price to increase by around $1,200 dollars for the next models. Not a big deal. This is based on applying the same percentage increase we've seen on the 2009 911's. (Some of this price increase may be further offset by the addition of new standard features- like the rumored upgrade to the headlights and stereo).

The entire luxury car market is falling. Lots of talk about the depreciate in the Ferrari market lately. Too many cars for sale and prices are dropping monthly.
Ferrari is trying to limit its dealers from advertising prices. They don't want future buyers to realize how much extra glut is in their inventory.

The last factor to consider.... is the home equity loan. Many luxury cars were purchased with rising equity in home values. With the decline in home equity loans, you are seeing a lot less purchasing power chasing luxury items like cars and boats.

Last edited by markstudy; 08-18-2008 at 02:18 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
  #9 (permalink)  
Old 08-18-2008, 12:19 PM
Cliffh93's Avatar
PCA Member
Awards Showcase
Cayman Registry: Award given to someone who enters their Cayman into the Cayman Registry complete with Photo! - Issue reason: Entry 07/16/08 PCA Member: Given to members who are currently part of PCA and have a valid PCA member ID# in their user profile on this site and have applied for and been admitted to the PCA Members Group on this website via the Group Memberships link in the User Control Panel - Issue reason:  
Total Awards: 2
 
Join Date: Jul 2008
Location: North Carolina
Posts: 87
Country:
While you identified some supply side factors that help, there's also the demand side, and there's nothing positive going on there right now.

But look on the bright side - the depreciation rate won't be as bad as it is for the 911 Turbo!
__________________
2008 Cayman 2.7
2006 Mercedes-Benz CLS500 (Wife)
2007 Jeep Commander (Son)
2000 GMC Sierra Truck
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote Up!
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

LinkBacks (?)
LinkBack to this Thread: http://www.caymanclub.net/cayman-sales-leasing/25986-my-thoughts-used-value-cayman.html
Posted By For Type Date
The Cayman Club This thread Refback 08-17-2008 03:46 AM

Similar Threads
Thread Thread Starter Forum Replies Last Post
Random Cayman thoughts RookieBoy Cayman Chat 21 06-28-2008 06:02 AM
Cayman 2.7 thoughts willr Cayman UK 29 05-30-2007 03:09 PM
Thoughts from a new Cayman owner. NewellScott Cayman Chat 27 12-16-2006 12:31 AM
M3 to Cayman ownership thoughts? Silent Will Cayman Comparisons 16 05-08-2006 10:41 PM
400hp V8 M3 or Cayman, thoughts? PistolPete13 Cayman Chat 7 09-13-2005 04:41 AM

Powered by vBadvanced CMPS v3.0.1

All times are GMT. The time now is 04:58 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0
Copyright ©2005-2008, This site is owned & operated by K-Man Group, LLC. It is not affiliated with Porsche AG or PCNA. All information on this site is for entertainment purposes only. Please consult a competent mechanic before making any modifications to your car.