The Porsche 911, especially the 992-generation, is a marvel of engineering. It captures the spirit of grand touring while also offering thrilling speed. Launched at the 2018 Los Angeles Auto Show, this model has seen various updates, making it even better over time. It’s wise to avoid the first model years as automakers often iron out glitches in later releases. By 2021, despite the pandemic disrupting many industries, Porsche had fine-tuned the eighth-generation 911 Carrera.
These cars don’t usually rack up high mileage and are typically well-maintained. As a result, you can often find a good used one for less than a new model. Interestingly, Porsche 911s maintain their value far better than many other luxury cars. A study by Kelly Blue Book shows that a 2021 911 has only depreciated about 8% over the last three years. With the recent rise in sports car prices due to chip shortages, a five-year-old 911 is nearly worth its original price again.
So, is it a good time to buy a used 911? You can find one for around $101,000, a bit less than many luxury sports cars. With new models starting at over $135,000, that’s a significant saving. However, finding one at that price in good condition is a bit of a challenge.
To Buy or Not to Buy?
The data from KBB suggests that a 2021 Porsche 911 has barely lost value since its initial sale. If someone bought it for $108,000 in 2021, it’s still valued around $101,000 today. That means they’ve essentially driven a Porsche 911 at the cost of gas and insurance—a sweet deal, especially for fans of the brand. However, certified pre-owned 911s are often priced higher, making it tricky to find one around $101,000.
Buying a five-year-old 911 comes with benefits. The first owner has already absorbed most of the depreciation. Additionally, inflation plays a role in the car’s value. A 911 bought for $108,000 in 2021 equates to about $133,793 today. If you purchase it for $101,000 now, you’re getting an impressive discount. KBB predicts that by 2027, values could drop to around $80,000, which could lead to a significant loss in value if you aren’t ready for that. If you prefer to avoid this potential depreciation, consider looking at other luxury brands that experience steeper price drops over time.
