997 gt3 prices

Author
Discussion

pete a

3,799 posts

184 months

Thursday 7th May 2015
quotequote all
GT4RS said:
In my opinion price's of these cars will drop before interest rates go up. Buyers dictate sale prices, way to many greedy people getting carried away with there pricing. The silver 997 gt3 currently advitised is a prime example of this. This is a 65k car tops not 78k!
if a 997.2 RS was still priced at £95-100k then yes maybe a £65k car, when everything else is crazy money the next best things get dragged up as well, lets face it a 997,2 RS isn't worth £170k but that's where they are and someone has bought them at that price which is why they are still there.

That's why i posted the link to the £135k 996 GT2 to illustrate the value a 997 is when compared to other similar pork.

I'd rather the prices were lower because then we could all enjoy more cars, but it is what it is as they say.




Slippydiff

14,830 posts

223 months

Thursday 7th May 2015
quotequote all
pete a said:
Ok so this just went up;

http://www.pistonheads.com/classifieds/used-cars/p...

low miles 996 GT2 clubsport £135,000 ?

It's a great car or sure, but how can a car that was only worth £55-60k a year ago now be worth £135k, it's not like they have just got suddenly less of them out there, not many for sale admittedly but wow what a jump.

All the time a 996 GT2 is £135k I think the 997 GT3 prices are pretty safe, in fact they are a bargain in comparison.
The 996 GT2 is a bit of an anomaly, it has been massively undervalued for a long time. They suffered fearsome depreciation when they were new.
A bit like the 964 RS, the press were pretty scathing about them, and many Turbo owners thought they'd try their hand at something spikier (not realising they're altogether less user friendly) Many went back to their Turbos and took massive financial hits as a result. The PCCB failures are well documented, some lucky owners got replacements FOC, plenty didn't, and with a price tag the thick end of £30k for 4 discs, a set of pads and fitting, the GT2 quickly became the car nobody wanted. it's "widowmaker" tag didn't exactly help matters either .....

But the faithful (and I count myself as one of them) always said their time will come, just as I and many others said it would with the 964 RS.

And just like the 964 RS before it, 996 GT2 prices will go stratospheric. They're "special" in a way only a few air and watercooled cars are. And please don't take this personally (I have after all owned a couple of Gen 1 997 GT3's) but they're way more special than the Gen 997 GT3 and GT3 RS. As with any sought after GT/RS Porsche, it's a numbers game, and from that perspective the GT2 qualifies perfectly.






keep it lit

3,388 posts

167 months

Thursday 7th May 2015
quotequote all
Slippydiff said:
The 996 GT2 is a bit of an anomaly, it has been massively undervalued for a long time. They suffered fearsome depreciation when they were new.
A bit like the 964 RS, the press were pretty scathing about them, and many Turbo owners thought they'd try their hand at something spikier (not realising they're altogether less user friendly) Many went back to their Turbos and took massive financial hits as a result. The PCCB failures are well documented, some lucky owners got replacements FOC, plenty didn't, and with a price tag the thick end of £30k for 4 discs, a set of pads and fitting, the GT2 quickly became the car nobody wanted. it's "widowmaker" tag didn't exactly help matters either .....

But the faithful (and I count myself as one of them) always said their time will come, just as I and many others said it would with the 964 RS.

And just like the 964 RS before it, 996 GT2 prices will go stratospheric. They're "special" in a way only a few air and watercooled cars are. And please don't take this personally (I have after all owned a couple of Gen 1 997 GT3's) but they're way more special than the Gen 997 GT3 and GT3 RS. As with any sought after GT/RS Porsche, it's a numbers game, and from that perspective the GT2 qualifies perfectly.
very true & respect due

V8KSN

4,711 posts

184 months

Thursday 7th May 2015
quotequote all
GT4RS said:
In my opinion price's of these cars will drop before interest rates go up. Buyers dictate sale prices.
Are you looking to buy a 997 GT3?

GT4RS

Original Poster:

4,424 posts

197 months

Thursday 7th May 2015
quotequote all
V8KSN said:
GT4RS said:
In my opinion price's of these cars will drop before interest rates go up. Buyers dictate sale prices.
Are you looking to buy a 997 GT3?
Not this year!

V8KSN

4,711 posts

184 months

Thursday 7th May 2015
quotequote all
GT4RS said:
Not this year!
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.

GT4RS

Original Poster:

4,424 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?





PorscheGT4

21,146 posts

265 months

Saturday 9th May 2015
quotequote all

g7jhp

6,964 posts

238 months

Saturday 9th May 2015
quotequote all
GT4RS said:
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?
I agree current owners do seem to be looking to cash in their GT3's and who can blame them. If I'd bought at £50-55k and could sell at £75-80k realising a £25k profit for something else it would be tempting.

Guess the question is where they go next. New GT4, Caterham R400 etc.

m33ufo

4,959 posts

231 months

Saturday 9th May 2015
quotequote all
Can we just ban all threads discussing car values? Every other thread seems to be a "what's it worth" thread. Quite boring.

g7jhp

6,964 posts

238 months

Saturday 9th May 2015
quotequote all
m33ufo said:
Can we just ban all threads discussing car values? Every other thread seems to be a "what's it worth" thread. Quite boring.
Why not have one values thread!

V8KSN

4,711 posts

184 months

Saturday 9th May 2015
quotequote all
GT4RS said:
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?
Why does it matter to you?



GT4RS

Original Poster:

4,424 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
GT4RS said:
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?
Why does it matter to you?
The answer to that question is quite obvious, I'm on this forum because I have an interest Porsche gt3 cars.

hondansx

4,569 posts

225 months

Saturday 9th May 2015
quotequote all
Slippydiff said:
And just like the 964 RS before it, 996 GT2 prices will go stratospheric. They're "special" in a way only a few air and watercooled cars are. And please don't take this personally (I have after all owned a couple of Gen 1 997 GT3's) but they're way more special than the Gen 997 GT3 and GT3 RS. As with any sought after GT/RS Porsche, it's a numbers game, and from that perspective the GT2 qualifies perfectly.
Interested to explore this. In what way is a GT2 way more special than a GT3?

They are, after all, pretty much the same other than the GT2 being turbocharged. Whilst this gives you speed, it takes away from tactility (which i'd, personally, link with 'specialness').

Genuinely interested in you in expanding on this, as i have no experience of a 996 GT2 but have driven a 997 GT2 RS versus a 997 GT3 3.8 and came away thinking they were very similar, but i'd take the noise and throttle response of the naturally aspirated car every time. The GT2 was also a little softer (i assume to make it easier to drive) and consequently a bit dull witted in the back-to-back.

V8KSN

4,711 posts

184 months

Saturday 9th May 2015
quotequote all
GT4RS said:
The answer to that question is quite obvious, I'm on this forum because I have an interest Porsche gt3 cars.
Interested in buying or interested in selling?

If you are interested in buying one I can understand why you are frustrated at how their values have risen over the past 2 years.

g7jhp

6,964 posts

238 months

Saturday 9th May 2015
quotequote all
hondansx said:
Interested to explore this. In what way is a GT2 way more special than a GT3?

They are, after all, pretty much the same other than the GT2 being turbocharged. Whilst this gives you speed, it takes away from tactility (which i'd, personally, link with 'specialness').

Genuinely interested in you in expanding on this, as i have no experience of a 996 GT2 but have driven a 997 GT2 RS versus a 997 GT3 3.8 and came away thinking they were very similar, but i'd take the noise and throttle response of the naturally aspirated car every time. The GT2 was also a little softer (i assume to make it easier to drive) and consequently a bit dull witted in the back-to-back.
I'd imagine the answer will be number produced.

GT4RS

Original Poster:

4,424 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
GT4RS said:
The answer to that question is quite obvious, I'm on this forum because I have an interest Porsche gt3 cars.
Interested in buying or interested in selling?

If you are interested in buying one I can understand why you are frustrated at how their values have risen over the past 2 years.
I have already answered this question?

Not this year!

pete a

3,799 posts

184 months

Saturday 9th May 2015
quotequote all
GT4RS said:
I have already answered this question?

Not this year!
They'll be more expensive this time next year, Tory majority government just got in, interest rates will stay low, asset prices will continue to grow.

I wouldn't get your knickers in a twist too much about the £85k 2007 GT3, what about the £170k 2008 GT2?? Any magazine review at launch of the GT2 rates the 2007 GT3 as the better drive and more tactile car but because there are less of them the GT2 is twice the price.

I've given up trying to work out how these things work out, second hand Porsche values are a very strange thing.

fredt

847 posts

147 months

Saturday 9th May 2015
quotequote all
hondansx said:
Interested to explore this. In what way is a GT2 way more special than a GT3?

They are, after all, pretty much the same other than the GT2 being turbocharged. Whilst this gives you speed, it takes away from tactility (which i'd, personally, link with 'specialness').

Genuinely interested in you in expanding on this, as i have no experience of a 996 GT2 but have driven a 997 GT2 RS versus a 997 GT3 3.8 and came away thinking they were very similar, but i'd take the noise and throttle response of the naturally aspirated car every time. The GT2 was also a little softer (i assume to make it easier to drive) and consequently a bit dull witted in the back-to-back.
For me; looks and speed. The GT3 I drove felt like it was running on 4 cylinders after coming out of the gt2. And the 2 is in a different league looks wise imo

Also if you want to make any progress in a GT3 you have to make a lot of noise, the 2 just flies at moderate revs. Much more discrete discrete.

m33ufo

4,959 posts

231 months

Sunday 10th May 2015
quotequote all
Can't really compare the GT2 with the GT3. Both great cars but very different in the way they produce their power.

The GT2 is more powerful but the NA lump in the 996/997 GT3 is arguably one of the finest ever produced. If you want a more powerful but lower revving turbo then go GT2.

I loved both of them although the GT3 does have a much better noise!