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Best $40k Porsche and is Porsche the Next Ferrari?

Best $40k Porsche and is Porsche the Next Ferrari?

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About this episode

Porsche’s 2025 struggles—profit down nearly 93% amid China weakness, EV missteps, and tariff hits—set the backdrop for a bigger debate: is Porsche chasing Ferrari-style exclusivity with ever-more expensive halo cars? Derek argues Porsche’s “everyman” appeal is at risk as prices and demand create a “vacuum effect,” pushing would-be buyers out of the brand. He then answers a listener’s $40k first-Porsche question, weighing a high-mile 997.1 against a 981 Boxster/Cayman, comparing driving feel, maintenance myths, and value outlooks.

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Technical Too Afraid to Ask
Brand

Ferrari

"Hey everyone, I'm Derek, and this is 11 After 9, and today we're going to be looking at why Porsche is trying to become Ferrari and why it makes all of our older cars even that much more valuable."

Ferrari is the “gold standard” they’re comparing Porsche to. The idea is that when Porsche becomes more like Ferrari in reputation, Porsche cars tend to become more valuable too.

Brand

Porsche

"Hey everyone, I'm Derek, and this is 11 After 9, and today we're going to be looking at why Porsche is trying to become Ferrari and why it makes all of our older cars even that much more valuable."

They’re talking about Porsche as a company and brand. The episode is about how Porsche is trying to be more like Ferrari in how people view and value the cars.

Term

PDK

"the 991.1 versus the 991.2. And I talked about what gearbox should you pick? Is PDK the right answer all the time? Is manual the right answer all the time?"

PDK is Porsche’s dual-clutch automatic transmission. The host is asking whether it’s always the best choice compared to driving a manual.

Term

manual

"Is PDK the right answer all the time? Is manual the right answer all the time? I dig into which model it makes sense for."

“Manual” means you shift gears yourself using a clutch. The host is comparing it to PDK to see which one makes more sense depending on the car and the driver.

Car

Porsche 981 Cayman

"Or should I look for a more modern Porsche like a 981 Boxster or Cayman from the early 2000s?"

The Porsche 981 Cayman is a newer Porsche coupe. In this discussion it’s an alternative to buying an older 911 when you’re trying to stay near a certain budget.

Concept

EV

"The other thing is they bet really heavily on EV. And I think the public is just kind of saying we're not ready for all electric sports cars without an alternative that has a gas engine."

EV stands for electric vehicle. The host argues Porsche bet heavily on EVs, but consumer demand wasn’t strong enough yet—especially for “electric sports cars” without a gas alternative—so Porsche is adjusting its strategy.

Concept

tariffs

"The article that I read also talks about how tariffs had made a huge impact on to Porsche's bottom line because they import everything."

Tariffs are taxes imposed on imported goods, which can raise the cost of vehicles and parts. The host connects tariffs to Porsche’s bottom line because Porsche imports much of what it sells, making trade policy a direct cost driver.

Concept

value over volume strategy

"So they're hurting for money and the CEO, Michael Lighters, came out and he's shifting to a value over volume strategy. And essentially what they're doing is they're cutting a lot of jobs..."

“Value over volume” means selling fewer cars, but making more profit per car. The host says Porsche is trying to focus on the cars that make the most money instead of pushing huge sales numbers.

Concept

Halo car

"They're going to be coming out with the new Halo car, which is kind of like the next 918"

A “halo car” is the flashy, top-tier Porsche that’s meant to make the brand look great. It’s usually expensive and designed to turn heads.

Car

Porsche 918 Spyder

"... the new Halo car, which is kind of like the next 918 super duper car. They're going to be coming out ..."

The Porsche 918 Spyder is a very expensive, very fast supercar that uses a mix of electric power and a regular performance engine. In the podcast, it’s mentioned as a reference point for a future top-tier “halo” car. The idea is that the next big Porsche could be similar in spirit—very advanced and built to stand out.

Concept

MSRP

"And these cars are going to come out with price tags that have many zeros on the MSRP. And I just kind of want to talk about that because, I mean, as all of you know who listen to me..."

MSRP is the price on the window sticker that the manufacturer recommends. What you actually pay can be different, especially if the dealer adds extra charges.

Concept

inflation

"because maybe it's not entirely their fault because inflation really is a reality. I mean, everything is just more expensive... And so inflation really is a contributing factor to kind of the Porsche bottom line."

Inflation means everything costs more over time. That can push car prices up because it costs more to build and deliver cars.

Concept

R&D department

"But the other thing I do want to, I guess, give them, a little bit of grace... Porsche's R&D department is sick. And all of their technology..."

R&D is the company’s process for inventing and improving technology. Here, they’re saying Porsche invests a lot in engineering that helps their cars perform better.

Term

turbos

"...bring very vain technology to your turbos or hybridization, that starts somewhere and it's usually their racing program."

A turbocharger (often shortened to “turbo”) uses exhaust gases to spin a turbine that forces more air into the engine. More air can mean more power and better efficiency, especially when paired with modern engine management.

Term

hybridization

"...bring very vain technology to your turbos or hybridization, that starts somewhere and it's usually their racing program."

Hybridization means the car uses both a gas engine and an electric system. The electric part can help the car move faster and waste less energy.

Term

electric motor

"and then it would give 160, 170 horsepower boost to this electric motor to help it pull out of corners and pass where you needed it."

An electric motor is the part that turns stored energy into forward push. It can add quick extra power when you need it.

Concept

museum pieces

"“I don't want these cars to become museum pieces. I want them to become fun, approachable tools…”"

They’re saying they don’t want these cars to be so rare or expensive that people only keep them locked up. They want them to be driven and enjoyed.

Concept

demand gets snapped up

"...And then they take that buying power and, and snap those up. Now everyone who had aspirations for those cars are now looking at the next generation down... and those get snapped up. And so it's kind of this vacuum effect where all these cars, because of demand, get snapped up."

“Snapped up” is describing fast sell-through—when buyers quickly purchase available inventory. In a limited-supply situation, that kind of demand can accelerate price increases across the affected market segment.

Car

Porsche Boxster

"Gosh, don't I wish that Porsche would kind of go back to that [897.7s] ethos they had when they were going bankrupt in the 90s and they came out with the Boxster."

The Porsche Boxster is Porsche’s entry-level roadster. In this discussion, it’s used as an example of Porsche making a more affordable, easier-to-get-into car.

Concept

gatekeeping the brand

"pre-owned Porsches. And I understand that in terms of gatekeeping the brand and having a level of exclusivity to a point, but we've just established through my long die tribe that pre-owned Porsches are getting really expensive."

They’re using “gatekeeping” to mean Porsche feels more exclusive, so it’s harder for new people to get into the brand. Usually that happens when prices rise.

Concept

generation of Boxter and Cayman that started in 2012 and went to 2016

"And so the 981 Boxter Cayman, for those of you not quite in the know, is the generation of Boxter and Cayman that started in 2012 and went to 2016."

They’re telling you which years count as the same “generation” of Boxster and Cayman. That helps you shop the right cars instead of mixing in different eras.

Concept

mid-engine layout

"The Boxster on the other hand, it's a mid-engine car, the motor sitting right behind you. And this"

A mid-engine car has the engine near the middle of the car, not in the back. That usually makes the car feel different when you turn and accelerate.

Concept

eight tenths, nine tenths

"“Both, once you learn how to drive them, allow you to drive pretty much as fast as you want, but you can drive a 981 to its higher level. You can drive it at eight tenths, nine tenths…”"

“Eight tenths” and “nine tenths” are ways drivers talk about being near the car’s limit. The idea here is that the newer 981 feels easier to push hard without as much effort.

Concept

labor rate

"“Listen, the labor rate is the labor rate… And even if you go to an independent mechanic, they're still going to charge the same rate…”"

“Labor rate” is the hourly shop charge for mechanics’ time. The host uses it to explain why maintenance costs don’t necessarily drop when you choose a Boxster/Cayman over a 911—if the same labor hours are required, the hourly rate is the main driver.

Term

value discussion

"So let's talk about the value discussion. The value discussion of should I buy one over the other because I think it's going to maintain its value or it's going to go up in value over time."

They’re talking about which car is the better financial choice over time. It’s not just the purchase price—repairs and other costs matter too.

Concept

normally aspirated six-cylinder motor

"because people, when they think Porsche want a normally aspirated six-cylinder motor, I can understand it, I get it, I understand what they're saying, that does protect the values..."

A normally aspirated engine makes power without a turbocharger; “six-cylinder” points to Porsche’s traditional flat-six layout in many 911 and Boxster/Cayman variants. The speaker says many buyers prefer this setup, and that preference helps support resale values.

Concept

don't settle rule

"...both I think are a great place to put your money... I will say this though, please don't settle. You know, let's call this the don't settle rule. If you've always dreamed of a 911..."

The “don’t settle rule” is basically: don’t buy a Porsche you don’t really want just because it’s easier or cheaper. If you’ve always wanted a 911, wait and get the one you actually want.

Car

Porsche 911

"buy the 911. If you buy the Boxster just because it's newer or maybe a little bit more quote-unquote reliable, you're going to kick yourself every time you're at a stoplight and you look over at someone in a 911"

The Porsche 911 is Porsche’s most famous sports car. The host is basically saying: if you really want the 911, don’t talk yourself into buying a different Porsche just because it’s newer or “more reliable.”

Term

two trunks

"it has air conditioned seats, it has two trunks, it's a sensible masterpiece of a Porsche. The driving cannot be beat."

“Two trunks” means there’s storage in the front and in the back. The host is using it to highlight how the Boxster/Cayman can be more practical for daily driving.

Term

warm up

"...to let it warm up a little bit longer before it starts to drive like a Porsche should because it's a little grumpy."

“Warm up” refers to letting the engine reach operating temperature before driving more aggressively. The host says the 997 is “grumpy” until it’s warmed up, which is a common way older or performance-tuned cars can behave when cold.

Concept

addition by subtraction

"It's kind of like addition by subtraction. Listen, I bought them both."

“Addition by subtraction” means you can make something better by taking things away. Here, the host is basically saying the car’s feel improves because of what’s simpler or more raw.

Concept

old school grit

"...because I wanted a little bit more of that old school grit while still having some of the modern conveniences..."

“Old school grit” is a descriptive term for a more raw, mechanical driving feel—often less refined than newer cars. The host is saying they wanted that character from an older 911, while still getting some modern comfort and convenience.

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