'Ultimate driver’s 911' prices rocket once they leave the showroom, says high-end car financier. Macan also garners a premium, secondhand

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.

Magnitude also pointed out that prices of the Porsche Macan have risen post-showroom despite there being no limit on productionThere is, however, an up to eight-month waiting list for the Macan, which is likely to be driving up prices for those who would rather pay a premium than wait. 

Cayman GT4 prices have also risen post-sale, with examples being sold for between £94,000 and £100,000 through Porsche approved used dealers. This, like the 911 R, can be attributed to the car's low-volume production limit, critical acclaim, and quick sell-out. 

Join the debate

Comments
14

21 July 2016
The world has gone mad!

21 July 2016
50, million zillion trillion quid.

www.KOOOLcr.com

 

21 July 2016
so if I pay £900,000 I've a bargin. It's just a story to pump up the price and get a headline, if not who sold one for a profit of £800,000 and who was the mug who bought one

 

Hydrogen cars just went POP

21 July 2016
Even at £500k, it ceases to become a driver's car, doesn't it? Who would risk their investment by actually driving it? A great shame. It would be lovely to see Porsche bring the Club Sport back - a genuine driver's car - but it's unlikely to happen.

21 July 2016
Cannot believe the price for this car is approaching £1 million. I'm amazed that there are that many fools with that sort of cash. Who's driving the one in the pic...Frodo?

21 July 2016
£136,901 was already a silly price to pay for a 911, up to £1m is just plain ludicrous, especially for a model that's barely been launched and is nothing more than a marketing ploy by Porsche to con buyers.

21 July 2016
Roadster wrote:

£136,901 was already a silly price to pay for a 911.

I agree Roadster, Porsche should have just rounded it to £137000

21 July 2016
£136k or £1m? If you only insured it for the new cost, and paid the appropriate premium for that value, what do you think the insurance company would be prepared to cough up? At these values this car will be a definite theft target, stolen to order no doubt!

21 July 2016
Fools...

Money....

21 July 2016
You could make your own for less.


Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK