Discussion
Singh911 said:
Question is, where is the cross over point? - six figures?
But what could/would replace it for sensible money? Nothing as far as i can see. Nothing that offers such character, speed and heritage in one bullet proof package.
My guess is even before that. If they get into 80s say then the future trajectory is even clearer...so many will want to store away their future potential £.But what could/would replace it for sensible money? Nothing as far as i can see. Nothing that offers such character, speed and heritage in one bullet proof package.
...it could make track usage a guilty pleasure for most.
...I know, it's sad to write this when most of us like to think that driving pleasure comes first before values. However, in the real world people have various financial priorities and needs and therefore it will happen.
I was at the ring last week and a few people commented on why I was using a 996 GT3 on track...likewise a number of 997.2 RS owners were also beginning to feel sensitive to using their rising cars on track.
I for one do not necessarily like the idea of the GT3 cars rising so much. It increases insurance excesses on track, cost of additional cover, reduces lap times, etc
LaSource said:
I for one do not necessarily like the idea of the GT3 cars rising so much. It increases insurance excesses on track, cost of additional cover, reduces lap times, etc
Amen to that. There's nothing like a potential 5 to 6 figure bill in the back of your mind to prevent you taking that tightening radius off camber high speed corner less than flat out...Here's hoping prices (across the board) fall dramatically soon.
Every year, in many differing posts, we complain abour car prices rising, in effect saying its b*llocks/ unfair/ scam etc etc... !!
It happens with Ferraris, Astons, AMG's. McLarens and certain Porsche models
Every week, every year !!
The Dealers get togethetr and yank up the prices
That is why they make money, and we gain by owning one of the lucky few !!!
99% of cars lose money every fricking minute !!!
We gain !!!!!!!
It happens with Ferraris, Astons, AMG's. McLarens and certain Porsche models
Every week, every year !!
The Dealers get togethetr and yank up the prices
That is why they make money, and we gain by owning one of the lucky few !!!
99% of cars lose money every fricking minute !!!
We gain !!!!!!!
LaSource said:
I for one do not necessarily like the idea of the GT3 cars rising so much. It increases insurance excesses on track, cost of additional cover, reduces lap times, etc
and you have to consider that as the values rise higher and higher the cars become economical to repair in the event of a big off on track i.e. the insurers are no longer going to write it off and give out a cheque for the insured value when it's going to cost less to repair it. It's for this reason that a number of friends have retired their RS/GT cars from track duty and have set about building 996 track cars to use instead.boxsey said:
LaSource said:
I for one do not necessarily like the idea of the GT3 cars rising so much. It increases insurance excesses on track, cost of additional cover, reduces lap times, etc
and you have to consider that as the values rise higher and higher the cars become economical to repair in the event of a big off on track i.e. the insurers are no longer going to write it off and give out a cheque for the insured value when it's going to cost less to repair it. It's for this reason that a number of friends have retired their RS/GT cars from track duty and have set about building 996 track cars to use instead.Then there is the excess. I was much happier with the situation 4 years ago than I am now. Part of what will drive them off of the circuits is that with the excess typically being 10% of the car in an on track claim - the risk exposure is getting pretty serious now. With a 996 you are now into about £7k of damage before an insurance company puts anything in (thus an accident will be significant before the possibility of a claim is even on the table). RS drivers are already at the point where they could write off an early Cayman and walk away, yet be less out of pocket than an accident in their car (despite having to pay £200-£500 per day on top of their usual insurance if at a track day in Europe).
When cars hit 6 figures and you are on the hook for £10k+ in the event of a talent shortfall (or indeed - being hit by an over-zealous overseas driver who didn't pay attention in the briefing or arrive at a corner unexpectedly covered in hail), trust me : you start considering cheaper cars to track. The irony is that until last year, the 996 GT3 was a viable place to go to for that from the newer and more expensive flavours of pork. Now, it really isn't.
Edited by DiscoColin on Thursday 9th April 17:44
squirejo said:
Sorry don't get it. Insurance value is up to date, excess is a fixed amount = drive car as see fit. I don't have plastic over my carpet or not live in my house cod it's worth a lot more. Anyone at Brands on 28th April?
Would love to but I'm at Oulton park on that tuesday... 
squirejo said:
Sorry don't get it. Insurance value is up to date, excess is a fixed amount = drive car as see fit. I don't have plastic over my carpet or not live in my house cod it's worth a lot more. Anyone at Brands on 28th April?
Would love to, but at the Ring with Circuit Days on the Monday... Brands is my local track - 15mins door to door...Cheburator mk2 said:
squirejo said:
Sorry don't get it. Insurance value is up to date, excess is a fixed amount = drive car as see fit. I don't have plastic over my carpet or not live in my house cod it's worth a lot more. Anyone at Brands on 28th April?
Would love to, but at the Ring with Circuit Days on the Monday... Brands is my local track - 15mins door to door...
rallyeman said:
Would love to do Brands GP, but won't pass the 101db noise level
Stock exhaust? You should be fine. I've got on there before. MSV locations do seems to understand that the static on a GT3 is always high and that most (with stock exhaust) are fine once on track and tested on drive-by. jackwood said:
rallyeman said:
Would love to do Brands GP, but won't pass the 101db noise level
Stock exhaust? You should be fine. I've got on there before. MSV locations do seems to understand that the static on a GT3 is always high and that most (with stock exhaust) are fine once on track and tested on drive-by. squirejo said:
Sorry don't get it. Insurance value is up to date, excess is a fixed amount = drive car as see fit.
Excess is a fixed amount for road use, but not for on track coverage. When used on circuits with insurance policies which extend cover to non-competitive circuit use (which to be direct: most policies don't anyway), the insurance excess applied is increased to 10% of the value of the car (depending upon the insurer this can be plus the normal road excess as well). So as the value of the car increases, the on-track excess increases accordingly (while the road excess stays constant). So for a £100k car, if you have an accident on the road your excess may be around £500. However if you crashed on a track day your excess would be £10k (or £10500 with some providers). When 996 GT3s could be had for £40k, the worst case scenario for an accident on track was £4k. It isn't any more.As a footnote - most cars are actually insured for market value, thus religiously telling your insurer to amend it is not necessary - if you prang it then a loss assessor will appraise it there and then and if you disagree you will have to argue it out with them against market examples. It is only worth updating the insurance value if you have an agreed value policy.
Does that better explain it for you?
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