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

Demand is so high that it’s driving the 911 R's used price through the roof

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.