Sunday, July 24, 2016

Used Porsche 911 R Selling For More Than $1 Million


Porsche has just revealed pricing for the brand-new 911 R, but the official $184,900 sticker is just a tiny fraction of what some enthusiasts will have to pay to take one home. According to supercar finance experts Magnitude Finance, the sports cars are now commanding a premium of around £800,000 on the used-car market. That’s the equivalent of about $1.05 million, which means that a used 911 R can cost as much as $1.3 million.

At least that’s what Tim Marlow, head of Magnitude Finance, says after talking to several Porsche specialist dealers: "They confirmed the cars are commanding close to £1 million but they can’t list them at this amount," he added, suggesting that the 911 Rs are sold through deals that are taking place behind closed doors.

Marlow also thinks that the 911 R set a new "record level of appreciation for a new car based on a percentage of its original value." Although there aren’t any statistics available, the statement makes a lot of sense given that the price has increased sevenfold in just a couple of months. Needless to say, the fact that the 911 R is limited to just 991 units and most (if not all) of them were sold before the official unveiling, also helped prices go through the roof.

Continue reading for the full story.





from Top Speed http://ift.tt/2a5BMxm
via IFTTT

0 comments:

Post a Comment