996/997 GT3 how obtainable are they.
Discussion
anonymous said:
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I can agree with that. Which is why I say they are fairly safe to leverage. Inherently I do not see a reason for massive inflation. It is not a 'pretty' car like most collectables (though I personally do find it evocative and attractive). It is more a functional tool. Compared to other expensive 911s, I do think it has a driving experience that is comparable if not better. Therefore there is a bit more upside than downside. The main driver for value retention/appreciation will be limited supply. I think many owners will feel that in the world of flappy paddle, driver aided, blown engined cars there will be fewer examples of analogue road racers. If you got in when they were in the £40s, what let it go unless you need the funds? Of course, people will sell - but less than before.
Geesus said:
Is there any advantage in a GT3 without a roll cage? It's not like I'd be gaining 2 extra seats for the kids in the back so why have one without a cage? Is a caged GT3 lighter than one without (does it not have sound deadening in the back etc?
I must admit I'm very much a novice when it comes to Porsche so if anyone has any links at hand to good articles I'd love to see them.
You can retro fit rear seats and seat belts to 996/997.1 GT3's. By doing this, I have been able to use my GT3 much more frequently.I must admit I'm very much a novice when it comes to Porsche so if anyone has any links at hand to good articles I'd love to see them.
Geesus said:
It's a dream to own either but I do prefer the look of the 997, but I would still grab at whichever one people feel may be the better long term investment.
if interest rates go up none will be a long term investment, normal punters who bought cars at 40k are already twitchy about selling and making 20k to 100k depending what cars they own.people are playing with money as it's not worth investing, that will change and the car market will have a almighty crash imo.
I could not keep 100k worth of cars in my garage knowing I could net £900 a month from a investment off the money nor will any run of the mill normal earning person.
it's not even like they are the best cars to own, better as dream cars imo, owned both the GT3 and the CSL kept both for 8 months and sold at the bottom of the market as the flaws were too frustrating for me to keep them.
some times the dream is better than the owning.
buy to drive not as investments.
Edited by mrdemon on Monday 29th December 10:33
ro51ter said:
I would agree the gen 1 or gen 2 996 gt3 is a safe bet for your money if you got in at 40k. Wouldn't be be to sure if I got into a gen 1 997 gt3 at 65k plus.
a good 996 GT3 is 55k now and a 997.1 is £75k now, both quite old cars which can give mouth watering bills.at todays prices the upkeep might offset the money you can make.
I think a 997.1 at £75k is now a hard sell and could easy cost you 10k over 2 years to run.
mrdemon said:
a good 996 GT3 is 55k now and a 997.1 is £75k now, both quite old cars which can give mouth watering bills.
at todays prices the upkeep might offset the money you can make.
I think a 997.1 at £75k is now a hard sell and could easy cost you 10k over 2 years to run.
And that 10k doesn't factor in any depreciation if the bubble does burst.at todays prices the upkeep might offset the money you can make.
I think a 997.1 at £75k is now a hard sell and could easy cost you 10k over 2 years to run.
you just had to get your £10k refresh in didnt you 
just admit you bought a shi.tter as mines nowhere near the figures you mention
I financed mine as didnt fancy saving the money over x amount of years to buy it outright and glad i did now otherwise id have to save for longer to buy it.
just admit you bought a shi.tter as mines nowhere near the figures you mentionI financed mine as didnt fancy saving the money over x amount of years to buy it outright and glad i did now otherwise id have to save for longer to buy it.
Let's not get carried away now. We are not talking about buying the cars as an investment.
We are talking about enjoying a car to drive and financing that enjoyment via leverage.
The general view is that although leverage has inherent risks, the risks are lower with a GT3.
In fact regardless if leverage, even if buying outright, the risks are lower with a GT3.
That's it.
I don't think there is a big crash to worry about (esp for 996 models) as they never appreciated a huge amount.
As for whether the 996 is a good car or not. That's evidenced by the market. People like them and keep them. Some realise they bought the wrong car for their needs. Some just made a mistake and sold on. Most love them.
I have bought about 5 variants over the last 6/7 years and kept 2. Nothin wrong with the ones I sold - just natural progression at the time between 996 GT3 and 996 RS...later wanting a cheaper variant when the 996 RS became more collectible.
They are absolutely cracking cars depending on your intended use.
We are talking about enjoying a car to drive and financing that enjoyment via leverage.
The general view is that although leverage has inherent risks, the risks are lower with a GT3.
In fact regardless if leverage, even if buying outright, the risks are lower with a GT3.
That's it.
I don't think there is a big crash to worry about (esp for 996 models) as they never appreciated a huge amount.
As for whether the 996 is a good car or not. That's evidenced by the market. People like them and keep them. Some realise they bought the wrong car for their needs. Some just made a mistake and sold on. Most love them.
I have bought about 5 variants over the last 6/7 years and kept 2. Nothin wrong with the ones I sold - just natural progression at the time between 996 GT3 and 996 RS...later wanting a cheaper variant when the 996 RS became more collectible.
They are absolutely cracking cars depending on your intended use.
Anything with the M engine in it is going to be sought after. it's probably the best thing that came out of Porsche since the water cooled era ( CGT excluded). We won't see the likes of an engine built to that specification again in road cars. Could also effect values of 996 and some 997 turbos in time to come. Limited supply and an expanding global market will keep prices high. The world is a very different place to the 1990's. There are a many more times the buyers of classic and desirable cars now by comparison. find a new car thats built to the same specification thats not made of chocolate?
Ive put my money into a 997 Gen 1 clubsport because it's still a lot of car for the money - not because it may be a future investment. But if i were looking at values in say 10 years time, I'd still be putting my money in one right now.
Ive put my money into a 997 Gen 1 clubsport because it's still a lot of car for the money - not because it may be a future investment. But if i were looking at values in say 10 years time, I'd still be putting my money in one right now.
My dream was always a gen2 996 GT3 RS, but the way values have gone it will probably never happen now so just think myself very lucky that I managed to buy my 996 gen2 GT3 from JZM early last year when I did, I thought it was a lot of money when I purchased it but I know that buying from there it would be a great car. It was top end of my budget but I would have to find about 10k more if I wanted one to that standard now.
mrdemon said:
I could not keep 100k worth of cars in my garage knowing I could net £900 a month from a investment off the money nor will any run of the mill normal earning person.
Don't you have a Spyder and a Cayman R in the garage?Surely that is about £90k
mrdemon said:
I think a 997.1 at £75k is now a hard sell and could easy cost you 10k over 2 years to run.
Where do you get this £10k figure from?All mine has cost me in 21 months is standard servicing costs plus new brake pads all round.
Admittedly I have spent money on other things like geo and RSS engine mounts and rear brake cooling ducts etc but the car didn't 'need' those items.
lemmingjames said:
you just had to get your £10k refresh in didnt you just admit you bought a shi.tter as mines nowhere near the figures you mention
I financed mine as didnt fancy saving the money over x amount of years to buy it outright and glad i did now otherwise id have to save for longer to buy it.
I bought a minter and only changed front disks and pads on my car ! just admit you bought a shi.tter as mines nowhere near the figures you mentionI financed mine as didnt fancy saving the money over x amount of years to buy it outright and glad i did now otherwise id have to save for longer to buy it.
LaSource said:
Let's not get carried away now. We are not talking about buying the cars as an investment.
We are talking about enjoying a car to drive and financing that enjoyment via leverage.
.
Surely "leverage" is not the correct word if you believe the above ? And it is a wWe are talking about enjoying a car to drive and financing that enjoyment via leverage.
.
ky ridiculous word to be used on a car enthusiasts forum IMOhondansx said:
Just to start a punch up, i would easily take a CSL over a 996 GT3 and pocket the change.
As for financing? You only live once. You won't be on your death bed thinking about how fantastic it was making sensible financial decisions.
I am a ///M Power fanatic. Have owned the following - E30 M3, E28 M5, E46 M3, Z3M Coupe, Z4M Coupe, E61 M5 and have driven pretty much everything else ever to wear an ///M badge, except the M1. As for financing? You only live once. You won't be on your death bed thinking about how fantastic it was making sensible financial decisions.
The CSL is a fantastic car, but I would not put it in the same sentence as the GT3. And I have driven a few, and actually had it on my list against the 996GT3 that I currently own.
As to finance - I still regret not borrowing £30k to add the 21,000km 964RS that was being offered to me back in 2003...
mrdemon said:
I bought a minter and only changed front disks and pads on my car !
Thought the previous owner spent 10k on it and you a further 5k.Anyway, if you can afford the finances and the potential running costs then go for it. If its a good one and the market drops then youll prob lose a few k but itll be like anything else that depreciates
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