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Why do 911 Turbos depreciate so quickly?
I was wandering around E-bay tonight looking at cars, and zeroed in on 911 turbos. I was shocked at how low the prices were. Cars that were $140k+ new are now in the $60-70 range, and some have less than 20,000 miles on them.
Obviously E-bay is not the definitive place to go for market prices, but it still indicates a huge depreciation curve. Understandable for Boxsters, when the company is making tens of thousand a year, but the turbos?
There is a 2001 on there for $62.8, 24,00 miles. $63k for a car that hits 60 in 4.3, 185+ top end? Sign me up chief!
Are they pieces of junk?
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