The Porsche 911 R are being sold for more than £800,000 on the used car market, according to high-end car finance company Magnitude Finance.
A story by Motoring Research claims demand for the 911 R is so strong that the car’s £136,901 asking price when new is increasing up to seven-fold once it rolls off the forecourt - with prices still rising.
Only 991 911 R examples will be made. All of these are sold out, and this is why they are commanding such huge premiums over the original price tag.
A Magnitude Finance spokesman speculated that the considerable price rise was down to the car’s appeal and limited production. The 911 R’s focus on driver appeal and manual gearbox are also likely contributory factors. He added that the highest prices were for deals that weren't advertised and were done by high-end collectors.
However, there are publically advertised 911 Rs for sale in Europe for around 400,000 euros (around £335,000) and the Magnitude Finance spokesman conceded that is likely to be a fairer reflection of where prices settle. He suggested that the £1million example may be an anomaly, rather than the expected standard premium, and added that £500,000 was likely to be where prices settle.