|
SPS
Original Poster
723 posts
129 months
|
I had been looking for over a year to change my 996 C2S for a 996 GT3 but in the end gave up.
It appears to me that there are some very unrealistic prices being asked for the 996 variant. I got very close on several - one had a very poor service record (lost first two years of OPC service book!!!!) and the second offered me a terrible p/x on my 54 plate immaculate car. These dealers were asking mid to high thirties for 03/04 cars.
I then started to notice that a number of the cars had been up for sale for protracted periods but at increasing prices, surprise, surprise they are still for sale!
Having realised that the premiums being asked along with the derisory p/x being offered appeared to be just taking the P*** I sold my 996 and have moved on to a TVR - yes I know - don't bother it gets boring - and I love it. The dealer who I bought from (Tony Gilbert) treated me properly gave me a good price for the 996 changed my private plate for free, new tyres all round, 12 month warranty on top of his 3 month one, taxed, full MOT and a new set of front shocks as these had an advisory on the MOT.
OK back to the main issue - some 996 GT3's are now looking to be rather over priced and are hanging around in the showrooms for ages too - don't get me wrong I love them but I think I will Wait a couple of years and get a 997 GT3. I know that the 996 GT3 is good - but it's not that good.
Just my thoughts don't ya know!
Sorry if I have trodden on hallowed ground.
Got my tin hat ready - lol
Cheers
|
|
|
V8KSN
1,310 posts
53 months
|
SPS said: I had been looking for over a year to change my 996 C2S for a 996 GT3 but in the end gave up.
It appears to me that there are some very unrealistic prices being asked for the 996 variant. I got very close on several - one had a very poor service record (lost first two years of OPC service book!!!!) and the second offered my a terrible p/x on my 54 plate immaculate car. These dealers were asking mid to high thirties for 03/04 cars.
I then started to notice that a number of the cars had been up for sale for protracted periods but at increasing prices, surprise, surprise they are still for sale!
Having realised that the premiums being asked along with the derisory p/x being offered appeared to be just taking the P*** I sold my 996 and have moved on to a TVR - yes I know - don't bother it gets boring - and I love it. The dealer who I bought from (Tony Gilbert) treated me properly gave me a good price for the 996 changed my private plate for free, new tyres all round, 12 month warranty on top of his 3 month one, taxed, full MOT and a new set of front shocks as these had an advisory on the MOT.
OK back to the main issue - some 996 GT3's are now looking to be rather over priced and are hanging around in the showrooms for ages too - don't get me wrong I love them but I think I will Wait a couple of years and get a 997 GT3. I know that the 996 GT3 is good - but it's not that good.
Just my thoughts don't ya know!
Sorry if I have trodden on hallowed ground.
Got my tin hat ready - lol
Cheers Not sure I understand or get the point of your post but a car will be 'worth' what someone is willing to pay for it. Look at TVR Sagaris prices, they used to be around 35k a couple of years ago and now they are around 50k. They are only going up because they are rare and in demand, I think the same applies to the GT3 Porsches.
|
|
|
fioran0
1,388 posts
41 months
|
Biggest boo hoo post of the month?
|
|
|
911god
1,834 posts
54 months
|
fioran0 said: Biggest boo hoo post of the month? What was he expecting a 5k differnce between a regular 996c2 and a gt3?!!!!! He'll be waiting even longer for 997 gt3's to get to where he wants to pay as well!
|
|
|
jackal
9,765 posts
151 months
|
Slighy odd post ... but i suppose car prices do trend a little and if none are selling then the prices are too high.
The 996rs has definitely dropped. Not so long ago the world and his brother were chancing it at mid to high 60's even for 30 or 40k miles cars. Now though they are all mid 50's and mostly low miles cars and still not moving very quickly.
|
Advertisement
|
|
|
uktrailmonster
4,406 posts
69 months
|
Presumably dealers sell cars for whatever price they can achieve in the market. It may be that they may be willing to sit a bit longer on a GT3 to get a higher price as it's not so much of a depreciating asset as say a cooking 996 or 997. If you couldn't find one at the price YOU were willing to pay, then I'm afraid it just means they were selling to other people for more money. Either that or the dealers have gone bust.
|
|
|
Harris_I
1,766 posts
128 months
|
SPS said: I know that the 996 GT3 is good - but it's not that good. Unfortunately, it is. Perhaps the greatest useable driver's car ever built. Last of an era, etc etc. It may not be long before the market realises how underpriced the 996 GT3 is in relation to other special Porsches. By which time one hopes the sound of that flat six at full chat will drown out the wailing and teeth gnashing of those who missed out.
|
|
|
SPS
Original Poster
723 posts
129 months
|
That is part of my point - some dealers have too high an expectation because it's a GT3.
Yet many of the cars are just not selling!! In addition most dealers just bid you in the B****** and expect you to pay up. Some don't and thank God that they realise that there is a very poor trading environment to say the least.
I'm not having a pop at the car (I love them) just the artificially high price that many dealers are trying to get. Re the price difference between a C2S and a GT3 - £5k - I wish.
The difference offered for an 04 GT3 and what they would give for my car (54) was £23K -now come on!
As I said - that's been my experience over the past year or so.
It would be nice if we all wore rose tints - but we don't.
|
|
|
uktrailmonster
4,406 posts
69 months
|
SPS said: That is part of my point - some dealers have too high an expectation because it's a GT3.
Yet many of the cars are just not selling!! In addition most dealers just bid you in the B****** and expect you to pay up. Some don't and thank God that they realise that there is a pretty poor trading environment to say the least.
I'm not having a pop at the car (I love them)just the artificially high price that many dealers are trying to get.
As I said - that's been my experience over the past year or so.
It would be nice if we all wore rose tints - but we don't. You are making the wild assumption that dealers are not selling their cars. I presume they do (however long it may take) otherwise they wouldn't be dealing for very long. Now it may well be true that TVR prices have been hit harder by the poor economy and you have taken advantage of the better value for money on offer. But it doesn't mean that Porsche dealers (in general) have too high an expectation of their GT3 stock. Dealers price cars to sell and as I said before they may price a GT3 on the high side because there is less pressure to make a quick sale. As you said yourself, some dealers are actually increasing their prices. The bottom line is that it doesn't really matter what you or I think a car is worth. If a dealer refuses to do a deal with you, it means they are likely to achieve a better price dealing with someone else. Experienced dealers rarely get this too far wrong. Private sellers on the other hand can be complete dreamers.
|
|
|
Durzel
1,511 posts
37 months
|
Which is more believable..
1) Dealers across the country have formed a cartel to artificially keep the prices inflated on a specific marque and model of vehicle, and their "gain" is having their money tied up in assets sat on their forecourts...
2) You can't afford, or aren't prepared to pay, the going rate for a 996 GT3 of a specification that you desire.
Sorry to be blunt - but that's the long and short of it in my opinion, at least when it comes to dealers.
|
|
|
Steve Rance
2,402 posts
100 months
|
The market for these cars is Traditionally seasonal. A good time to. It is about now until early spring. Lots of people talk them up and lots of people talk them down. At the end of the day, they are what they are but the seasonality won't change. Bear in mind the running costs of these cars. Engine failures are rare (thankfully because a replacement is 40k) but if you want to track one it will cost £1000 per day. You might spend ages finding one that fits your budget only to find you need to throw 5k at it before you start.
|
|
|
marky911
2,357 posts
88 months
|
Got to admit I'm with the op a bit on this.
There are a few cars that have been around a while, so in that case nobody must be able to afford them in the spec they want. Hmm.
Or is it just that the cars aren't as good as the dealers think. That's more likely.
Remember a load of dealer stock is on SOR at some of these places so they aren't tying their money up in anything.
The good cars sell. I notice the MK1s all seem to find new homes pretty quickly, but there's no denying some are over priced.
If it was the other way around and someone came in here saying "my car won't sell, why?", they'd get a barrage of "If it's not selling it's overpriced, simple." comments.
|
|
|
darreni
1,470 posts
139 months
|
Durzel said: 2) You can't afford, or aren't prepared to pay, the going rate for a 996 GT3 of a specification that you desire. This.
|
|
|
GT3RS
268 posts
107 months
|
I think they are under-priced compared to other special older pork, but like the OP that is only my opinion.
If you can buy a straight well maintained and un-molested 996RS for 55K i think that's a bargain!
Not the fastest track/road toy, but one of the purest and most enjoyable I have had the pleasure to drive and plenty quick enough for me.
|
|
|
Terminator X
2,130 posts
73 months
|
Give us some links to GT3's that aren't selling pls Mr OP.
TX.
|
|
|
healntoe
312 posts
83 months
|
Can't comment in 996's but a few 997 GT3's that had been sat for a while, presumably "overpriced" who knows  .. Dealers subsequently dropped asking prices by between 5-10% and within a week they were all sold.... Qtn is had they been overpriced before being reduced? no one can really say as the buyer walks away feeling they got a "steal" and the seller whilst content with cash in the bank may still wonders how much more they could have got away with.... All IMHO
|
|
|
marky911
2,357 posts
88 months
|
I'm not the op and can't link from my phone but there's a silver mk2 for 35 ish that's been round for months. Few others too. I'll have a look tonight.
Paul Stephens silver mk2 aswell.
Fair enough, silver isn't really a colour I'd want a GT3 in but maybe that's the problem. Price too high for desirability?..
|
|
|
Tino
1,869 posts
152 months
|
SPS said: I had been looking for over a year to change my 996 C2S for a 996 GT3 but in the end gave up.
Cheers Whats a 996 C2S?
|
|
|
sleep envy
59,325 posts
118 months
|
Those 993 GT2 owners are the biggest bunch of pocket shufflers to have ever walked this earth.
Whatever makes them think their cars are worth anywhere near £225k, they should sell me theirs for £37.45 and a bit of lint which I found in my belly button.
|
|
|
SPS
Original Poster
723 posts
129 months
|
Durzel said: Which is more believable..
1) Dealers across the country have formed a cartel to artificially keep the prices inflated on a specific marque and model of vehicle, and their "gain" is having their money tied up in assets sat on their forecourts...
2) You can't afford, or aren't prepared to pay, the going rate for a 996 GT3 of a specification that you desire.
Sorry to be blunt - but that's the long and short of it in my opinion, at least when it comes to dealers. Companies fixing prices/rates! Er well LIBOR is the most high viz this year and the dealers do have the black book! Anyway - onwards and upwards.
|
|
