Porsche 911 R: Can a used sports car be worth £1 million?

Porsche is only making 991 examples and they’re all sold, so you can’t get a new one

Graham Scott
Sunday 24 July 2016 17:28 BST
Comments
Demand is so high that it’s driving the 911 R's used price through the roof
Demand is so high that it’s driving the 911 R's used price through the roof

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

What would you pay for a used 911? If it’s a previously-owned Porsche 911 R then the answer appears to be one million pounds. For a car that cost £136,901 when new that’s a monumental increase. However, Magnitude Finance has some slightly better news if you were thinking of buying one.

The high-end car financing company reckons you’ll only have to pay, on average, about £550,000 if you want one of the limited production and highly desirable 911s with the normally aspirated engine and manual gearbox. Second-hand of course.

Porsche is only making 991 examples and they’re all sold, so you can’t get a new one. Demand is so high that it’s driving the used price through the roof. However, this relentless pressure on prices is also being seen elsewhere in the Porsche range.

The Cayman GT4, also like the 911 R, has seen its used prices rising thanks to limited production and a sold-out sticker on everything. Some examples are reaching £100,000.

The Macan is being built with no limit on production, but high demand has pushed up the waiting list to about eight months. That too is feeding through into higher prices being paid for used examples. Some people will pay a premium just to get a Macan rather than waiting for a new one. Limiting production is one way of pretty much ensuring this, which is why Porsche has been criticized for doing just that, but with the Macan it appears they’re simply a victim of their own success.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in