RE: Porsche 911 GT3 RS 4.0: Spotted
Discussion
Slippydiff said:
SidewaysSi said:
Soov535 said:
J4CKO said:
So, if I had what 120/140 grand ? and could buy a new one (991) and keep it for a few years, say 5, what are the chances of getting that money back plus profit ?
Is it a no brainer or is the Porsche market so fickle that because it cant be had with a manual it will go down in value ?
How are 996 GT3's doing ?
Ninety grand.Is it a no brainer or is the Porsche market so fickle that because it cant be had with a manual it will go down in value ?
How are 996 GT3's doing ?
http://www.pistonheads.com/classifieds/used-cars/p...
I think an interest rate hike will affect these values much like property...
I'm currently having some friendly banter with a GT3 owning mate as to this car's true worth. I recently sold a well modified, nicely specced example in gloss black, with 59k miles for just south of £50K.
The yellow car is in very original and good condition, the colour is sought after, but only for a few.
I see it at £55k, my mate says no more than £50k.
Dagnut said:
pistolp said:
It's to be celebrated.
Yeah I agree, it will never go down in value unless it's crashed. Enjoy.IMHO unlikely to go down much in value. 20% appreciation or 20% correction? Toss a coin.
Celebration? cannot put a price on that. Enjoy pistolp.
sixspeed said:
But what exactly will trigger this bust?
Knowing that is alongside knowing cold fusion, perpetual motion, teleportation and time travel ;0Reality is that the people who are buying cars "for potential profit' (the vast majority of valuable cars sell on that basis) will one day just decide to stop doing-so - why we may never know but the odds are that a rumour will start that one or more major buyers isn't buying and it all goes south from there (whether it was true or not, usually).
That will cause a drop in sales and some people need to sell stuff (to free capital or avoid losses) so that leads to a drop in actual prices which just self-perpetuates until I get a GT2 for 4 CoCoPops and a Banana
Honest...
Edited by 405dogvan on Thursday 21st August 23:16
405dogvan said:
Knowing that is alongside knowing cold fusion, perpetual motion, teleportation and time travel ;0
Reality is that the people who are buying cars "for potential profit' (the vast majority of valuable cars sell on that basis) will one day just decide to stop doing-so - why we may never know but the odds are that a rumour will start that one or more major buyers isn't buying and it all goes south from there (whether it was true or not, usually).
That will cause a drop in sales and some people need to sell stuff (to free capital or avoid losses) so that leads to a drop in actual prices which just self-perpetuates until I get a GT2 for 4 CoCoPops and a Banana
Honest...
Couldn't agree more. This post has it all - common sense, humility and logic. This market has to go down at some stage. That's why you should only buy what you don't mind getting stuck with. Reality is that the people who are buying cars "for potential profit' (the vast majority of valuable cars sell on that basis) will one day just decide to stop doing-so - why we may never know but the odds are that a rumour will start that one or more major buyers isn't buying and it all goes south from there (whether it was true or not, usually).
That will cause a drop in sales and some people need to sell stuff (to free capital or avoid losses) so that leads to a drop in actual prices which just self-perpetuates until I get a GT2 for 4 CoCoPops and a Banana
Honest...
Edited by 405dogvan on Thursday 21st August 23:16
405dogvan said:
Knowing that is alongside knowing cold fusion, perpetual motion, teleportation and time travel ;0
Reality is that the people who are buying cars "for potential profit' (the vast majority of valuable cars sell on that basis) will one day just decide to stop doing-so - why we may never know but the odds are that a rumour will start that one or more major buyers isn't buying and it all goes south from there (whether it was true or not, usually).
That will cause a drop in sales and some people need to sell stuff (to free capital or avoid losses) so that leads to a drop in actual prices which just self-perpetuates until I get a GT2 for 4 CoCoPops and a Banana
Honest...
Looks like you can get a nice 997 GT2 RS for less nowadaysReality is that the people who are buying cars "for potential profit' (the vast majority of valuable cars sell on that basis) will one day just decide to stop doing-so - why we may never know but the odds are that a rumour will start that one or more major buyers isn't buying and it all goes south from there (whether it was true or not, usually).
That will cause a drop in sales and some people need to sell stuff (to free capital or avoid losses) so that leads to a drop in actual prices which just self-perpetuates until I get a GT2 for 4 CoCoPops and a Banana
Honest...
Edited by 405dogvan on Thursday 21st August 23:16
Still remember the Chris Harris vid he did in Wales
Anyone here remember or traded through the dot com bubble? In the face of evidence of the madness, a way would always be found to explain why something was not a bubble, and actually good value. Same with property over here in Ireland a few years ago. Then, when something collapses, its always so obvious with hindsight.
One of the features of a bubble, is that people are prepared to buy things at high prices they never would have considered when they were cheaper. Another is they buy stuff not because they really want it or know what it is, but because its gone up. Or because they think its going to be higher in another six months. Another is that people fall over themselves to project even more fantastical prices within a specified time period. Anyone remember "Dow 40,000"?
The car market is experiencing all of these at present.
I own a CGT and have owned a 997.1 RS, Driven a 3.8RS and passengered in a 4.0. As good as it is, its a 997 GT3RS at the end of the day, aftermarket tuning can get a 3.6 or 3.8 to a very close if not higher level of performance and feel. I have heard some owners say they actually preferred their 3.8/3.6.
The CGT is on a different level in terms of construction, materials, feel, uniqueness. There is no base model you can modify to create one or emulate one. In the long run the market will recognise that.
One of the features of a bubble, is that people are prepared to buy things at high prices they never would have considered when they were cheaper. Another is they buy stuff not because they really want it or know what it is, but because its gone up. Or because they think its going to be higher in another six months. Another is that people fall over themselves to project even more fantastical prices within a specified time period. Anyone remember "Dow 40,000"?
The car market is experiencing all of these at present.
I own a CGT and have owned a 997.1 RS, Driven a 3.8RS and passengered in a 4.0. As good as it is, its a 997 GT3RS at the end of the day, aftermarket tuning can get a 3.6 or 3.8 to a very close if not higher level of performance and feel. I have heard some owners say they actually preferred their 3.8/3.6.
The CGT is on a different level in terms of construction, materials, feel, uniqueness. There is no base model you can modify to create one or emulate one. In the long run the market will recognise that.
every asset class growth is slowing... sanity is beggining to hit home.
If you look at how many F40's are on the market on mobile.de (remember all cars are LHD) so we are comparing apples to apples here. There are lots of sellers, which is normal, more vendors think they can move the cars on, more choice appears etc.
the 996gt3 is not a different enough product nor rare enough to justify being even 10% less than a 997gt3.. the yellow one on here is laughable... the demand for a yellow gt3 is super limited... viper green maybe but yellow...
the only good about some of these nutty inflated prices is that more modern stuff is depriciating faster and all these "rare" cars are not going to be driven, keeping the mileage down for when all us proper pistonheads buy them cheap and get using them in a couple of years time.
if you look at some testarossa's and 911 speedster 3.2l's - the onwers have mothballed them in a garage as an investment keeping the miles off them... thanks keep them low for me until i buy it off you!
If you look at how many F40's are on the market on mobile.de (remember all cars are LHD) so we are comparing apples to apples here. There are lots of sellers, which is normal, more vendors think they can move the cars on, more choice appears etc.
the 996gt3 is not a different enough product nor rare enough to justify being even 10% less than a 997gt3.. the yellow one on here is laughable... the demand for a yellow gt3 is super limited... viper green maybe but yellow...
the only good about some of these nutty inflated prices is that more modern stuff is depriciating faster and all these "rare" cars are not going to be driven, keeping the mileage down for when all us proper pistonheads buy them cheap and get using them in a couple of years time.
if you look at some testarossa's and 911 speedster 3.2l's - the onwers have mothballed them in a garage as an investment keeping the miles off them... thanks keep them low for me until i buy it off you!
SidewaysSi said:
Entirely agree. It is dealers like JZM and SCOM who are hiking prices ever higher. However is it me or has the air cooled 911 market slowed down of late?
A year ago they were really motoring-3.2 Carreras went from late teens to late 20s/early 30s very quickly but they have hung at that level.
Likewise, 993 C2s don't seem to have continued to climb ever higher, much like CSLs mentioned previously.
Perhaps this is the peak? Property prices have also seemed to slow down in the last few months...
A year ago they were really motoring-3.2 Carreras went from late teens to late 20s/early 30s very quickly but they have hung at that level.
Likewise, 993 C2s don't seem to have continued to climb ever higher, much like CSLs mentioned previously.
Perhaps this is the peak? Property prices have also seemed to slow down in the last few months...
Any car has got the ability to bite you on the a$$ if something goes wrong and it isn't covered by warranty.
My Cayman S cost me £8K for an engine rebuild.
If you spend your all your time shi*ing yourself that somethings going to go wrong and cost you money then just buy a new merc every few years.
In any event if you are talking about the 4.0 of CGT purely as an investment then you would probably only do a few hundred miles a year in them to preserve the value (tragic in either case IMO)
I think the LFA is already more of a collectors car than the CGT for some reason. Possibly because while there will always be another top end Porsche e.g 918 there's unlikely to be an LFA successor.
If my Euromillions numbers come up tonight I'd but 2 CGTs. A decent one to drive and enjoy and the cleanest, lowest miles one I could find to stick away for a few years.
My Cayman S cost me £8K for an engine rebuild.
If you spend your all your time shi*ing yourself that somethings going to go wrong and cost you money then just buy a new merc every few years.
In any event if you are talking about the 4.0 of CGT purely as an investment then you would probably only do a few hundred miles a year in them to preserve the value (tragic in either case IMO)
I think the LFA is already more of a collectors car than the CGT for some reason. Possibly because while there will always be another top end Porsche e.g 918 there's unlikely to be an LFA successor.
If my Euromillions numbers come up tonight I'd but 2 CGTs. A decent one to drive and enjoy and the cleanest, lowest miles one I could find to stick away for a few years.
monthefish said:
isaldiri said:
WCZ said:
4.0 won't literally kill you like the cgt
IMO
It always strikes me as peculiar how some people actually end up believing the above based on some nonsense written in articles due to some admittedly bad accidents......IMO
It's like any other 600hp 1450kg car without electronic systems to save you from yourself, immensely well balanced and loads of chassis feedback but you absolutely should respect the car. Some of the owners here will be far better placed to answer that than me anyway.
Dagnut said:
Yeah I agree, it will never go down in value unless it's crashed. Enjoy.
who knows, everyone said the same thing about top end Bordeaux in 2011, 2009/2010 greatest vintages ever, chinese would buy everything to the moon, could never go down, can't make more of it yadda yadda yadda. Lafite Rothschild 2005 now down over 50% from its peak, still falling and about to make lifetime lows.Bunk said:
Anyone here remember or traded through the dot com bubble? In the face of evidence of the madness, a way would always be found to explain why something was not a bubble, and actually good value. Same with property over here in Ireland a few years ago. Then, when something collapses, its always so obvious with hindsight.
One of the features of a bubble, is that people are prepared to buy things at high prices they never would have considered when they were cheaper. Another is they buy stuff not because they really want it or know what it is, but because its gone up. Or because they think its going to be higher in another six months. Another is that people fall over themselves to project even more fantastical prices within a specified time period. Anyone remember "Dow 40,000"?
The car market is experiencing all of these at present.
I own a CGT and have owned a 997.1 RS, Driven a 3.8RS and passengered in a 4.0. As good as it is, its a 997 GT3RS at the end of the day, aftermarket tuning can get a 3.6 or 3.8 to a very close if not higher level of performance and feel. I have heard some owners say they actually preferred their 3.8/3.6.
The CGT is on a different level in terms of construction, materials, feel, uniqueness. There is no base model you can modify to create one or emulate one. In the long run the market will recognise that.
Good post, except that the 4.0 RS will always command a huge premium for reasons that are nothing to do with performance - last Mezger, manual, 7.2 RS.One of the features of a bubble, is that people are prepared to buy things at high prices they never would have considered when they were cheaper. Another is they buy stuff not because they really want it or know what it is, but because its gone up. Or because they think its going to be higher in another six months. Another is that people fall over themselves to project even more fantastical prices within a specified time period. Anyone remember "Dow 40,000"?
The car market is experiencing all of these at present.
I own a CGT and have owned a 997.1 RS, Driven a 3.8RS and passengered in a 4.0. As good as it is, its a 997 GT3RS at the end of the day, aftermarket tuning can get a 3.6 or 3.8 to a very close if not higher level of performance and feel. I have heard some owners say they actually preferred their 3.8/3.6.
The CGT is on a different level in terms of construction, materials, feel, uniqueness. There is no base model you can modify to create one or emulate one. In the long run the market will recognise that.
The last E30 M3 2.5 and the 190 E Merc 2.5 also benefit from that phenomenon. They are not that much better to drive than the 2.3 versions. There are more examples.
There was only 1 CGT version AFAIK, so they are all equal and the high initial entry price kept so many out. Profile of the current new purchasers? - Investors or drivers?
isaldiri said:
monthefish said:
isaldiri said:
WCZ said:
4.0 won't literally kill you like the cgt
IMO
It always strikes me as peculiar how some people actually end up believing the above based on some nonsense written in articles due to some admittedly bad accidents......IMO
It's like any other 600hp 1450kg car without electronic systems to save you from yourself, immensely well balanced and loads of chassis feedback but you absolutely should respect the car. Some of the owners here will be far better placed to answer that than me anyway.
I think we've all seen what can happen, even to experienced drivers, that possibly (who knows?) wouldn't have happened in a more benign car. Anyway, we've all got our own opinions. Here's an owners opinion:
456mgt said:
I took the CGT on the South circuit and didn’t enjoy it very much. The CGT felt hard edged with not enough of a gap between grip and the complete lack of it. Don’t get me wrong, both are well mannered, it’s just that the F50 was the one that felt the more forgiving. It felt faster too.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff