Wednesday, 28 August 2013

Porsche 911 Carrera Long Term Ownership Costs

How much does it cost to run a 996 Porsche 911 Carrera? What is the long term cost of Ownership for a Porsche - Servicing and Maintenance?

Having bought our 2001 Porsche 911 Carrera 2 (996 model) that has full service history and all receipts for the last 10 years I thought it would be interesting to see how much it has cost to run over that time.

How much does it cost to own and run a 996 Porsche 911 Carrera?
How much does it cost to own/run a Porsche 911 Carrera?

Depreciation over the last 10 years has been £35,000 - luckily that makes the Porsche 911 996 model quite a good buy at present in my opinion. Some are now around the £8000 mark (Aug 2013) but they are likely to have patchy service history or need some major maintenance.

The total servicing and maintenance costs over that time were £22,000. That brings a total cost of ownership for the 996 model Porsche 911 Carrera of £57,000 over a 10 year period. I'm hoping that the costs to run it over the next 10 years will be substantially less than that!!

The £5,700 annual cost of owning/running a Porsche 911 doesn't include fuel costs. The car has travelled 70,000 miles over that 10 year period which assuming a generous 25mpg fuel economy would equate to 2800 gallons of petrol, in litres 12740 litres. Assuming the current fuel price (obviously it was much cheaper back in 2003) this would cost £17,836.

Adding this to the maintenance and depreciation costs gives a total figure of £74,836. There are some estimates in this (fuel for example) but this is an approximate value that you could use to estimate the ownership costs of buying a new or nearly new Porsche 911.

Ownership costs for a used Porsche 911 will be much lower, not least because the depreciation element is dramatically reduced if not totally eliminated.

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