Porsche 911 R ‘selling for close to £1 million’

Porsche 911 RThe Porsche 911 R is being sold by specialist supercar dealers for prices approaching £1 million – and demand is so high, deals are taking place behind closed doors without being advertised.

The Porsche 911 R, which is limited to 991 units (it’s a 991-series model), has an official list price of £136,901. However, supercar finance experts Magnitude Finance say the cars are now commanding premiums of £800,000 on the secondhand market.

“We believe this is a record level of appreciation for a new car based on a percentage of its original value,” said Magnitude head Tim Marlow.

He first heard about the eye-watering premium from a client who was lucky enough to be one of the 911 R buyers.

“We spoke to several Porsche specialist dealers and they confirmed the cars are commanding close to £1 million but they can’t list them at this amount.”

It means the 911 R is a speculator’s dream and, added Marlow, although Porsche doesn’t condone this, “it is easy to see why some can’t avoid the temptation”.

The incredible appreciation of the 911 R even beats that for the LaFerrari, said Marlow. That cost £1 million new and even though a UK independent dealer later sold one for £2 million, that was ‘only’ double the amount.

The 911 R is making seven times its original list price…

It’s not just the Porsche 911 R that’s rocketing in price, either. The £131,296 911 GT3 RS is in great demand too, reckons Magnitude Finance: one customer recently bought one with options for £160,000  and “when he drove out of the showroom the car jumped in value by £100,000”.

Managing Director at @editorial_mr. Runs a bit. Loves the motor industry. https://about.me/richardaucock

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