991 GT3 Prices - 50 cars available!
Discussion
PorscheGT4 said:
the Yellow one was about £127,800 add CTS and you must see £130k GT3 at list with the options ticked no problem. (pccb of course at that price)
remember the price went up from the £100k list crono went up also later on.
Add buckets, lift, Bose, PCM and CTS and leather and it must be £125k .
most cars you see are sans leather and look cheap, the GT4 market seems to have all gone leather ;-) the GT3 market was less leather but I find that odd when a lot went sports seats.
A nice spec car is £122k list the basic ones are a bit naff imo another reason we might be seeing cars not selling, most specs are cheap and not what people are after 2nd hand.
Agree it seemed to me a bit strange to have comfort type spec with no leather. I bought used with leather and sold for a decent price not too long ago.remember the price went up from the £100k list crono went up also later on.
Add buckets, lift, Bose, PCM and CTS and leather and it must be £125k .
most cars you see are sans leather and look cheap, the GT4 market seems to have all gone leather ;-) the GT3 market was less leather but I find that odd when a lot went sports seats.
A nice spec car is £122k list the basic ones are a bit naff imo another reason we might be seeing cars not selling, most specs are cheap and not what people are after 2nd hand.
depends if all the crap spec cars of which there are many drop to list which I doubt.
people never pay the list value of options, I would say some one would pay 50% of list for the options over a basic spec car.
So still over priced now they are 2 years old.
say 10k overs is fair and a nice car was £122k list
-50% of option prices that leaves £125k for a sub 5k mile car imo if I wanted to buy one with nice spec.
that's only my view if I were in the market for one, because the 458 at the money GT3 are atm would get my vote.
And who knows what this run out 991 Sports will be like !!! could be awesome esp if it has the GT3 engine and manual !!
people never pay the list value of options, I would say some one would pay 50% of list for the options over a basic spec car.
So still over priced now they are 2 years old.
say 10k overs is fair and a nice car was £122k list
-50% of option prices that leaves £125k for a sub 5k mile car imo if I wanted to buy one with nice spec.
that's only my view if I were in the market for one, because the 458 at the money GT3 are atm would get my vote.
And who knows what this run out 991 Sports will be like !!! could be awesome esp if it has the GT3 engine and manual !!
I've just been on the GT3 configurator and I don't know how people managed to spec their GT3s over £120K, even inc PCCBs, lift, buckets and sport chrono. I've added those plus loads of other unnecessary stuff and only got to a shade over £119K!
http://www.porsche-code.com/PFKDUBE1
You'd have to be going PTS with mega money spunked on leather embossed deviated stitching of the hidden underside of the seats to hit £125K+!
http://www.porsche-code.com/PFKDUBE1
You'd have to be going PTS with mega money spunked on leather embossed deviated stitching of the hidden underside of the seats to hit £125K+!
This one sold this morning according to JZM. Was dropped to £148k but not sure on the final price.
http://www.jzmporsche.com/porsche-for-sale/911/991...
http://www.jzmporsche.com/porsche-for-sale/911/991...
mdianuk said:
So if we see cars back down at list price, in the 120's, do you reckon they will sell fast, or has this car got further to drop? I'm monitoring one specific GT3 which is perfect spec for me, but still £20k beyond where I consider it should be!
In my experience, when bubbles burst, they tend to fall more than what people expect, and then rise back to some sort of fair value. If you see 50+ cars advertised at list hypothetically at the end of summer, will you still buy or will you expect further price drops? Some people will of course dip their toes in, others won't. The problem is the vast majority of people here have become speculators and the Porsche brand in particular has become a target for investors. In addition, as been mentioned here, there are other risks to further price falls outside the 991GT3 supply equation. Porsche may well increase supply of GT4 and RS models, they may introduce a manual super sports version, and other manufacturers are also releasing comparable products. Historically many people forget that under normal market conditions new cars have generally been a depreciating asset. £145k, so that would be about £25k over. Still not bad. The issue with these cars now is that their prices were inflated (very quickly)to a certain extent with them being the latest shiny new toy (as well as them being a cracking car) and they are no longer that with the GT4 here and the RS imminent and maybe a new purists car on the way and and and...... maybe they will come back in a few years like the 996 and 997 GT cars have done but I've got my doubts. Too much of their specialness was based around the latest tech: 9k revs, PDK sport, RWS etc and, for me, those are pretty transient things to get excited about for too long.
Or on the other hand and as several in the know have quite rightly said....when people actually realise what will have to be shelled out to actually secure an RS, GT4 or Spyder.....whatever and see what value the GT3 offers at even £25k over list (which most tend to think was its true new value) this will tend to prop up prices as time will no doubt tell.....
ThirtySomething said:
In my experience, when bubbles burst, they tend to fall more than what people expect, and then rise back to some sort of fair value. If you see 50+ cars advertised at list hypothetically at the end of summer, will you still buy or will you expect further price drops? Some people will of course dip their toes in, others won't. The problem is the vast majority of people here have become speculators and the Porsche brand in particular has become a target for investors. In addition, as been mentioned here, there are other risks to further price falls outside the 991GT3 supply equation. Porsche may well increase supply of GT4 and RS models, they may introduce a manual super sports version, and other manufacturers are also releasing comparable products. Historically many people forget that under normal market conditions new cars have generally been a depreciating asset.
When you say 'the vast majority', on what are you basing that?I think with prices having risen by 'up to' £50k, plenty of owners who had no intention of 'flipping' their cars when they bought them got tempted to tentatively test the water (hence the large number of cars for sale at 'excessive' prices).
As I said at the time, I originally had no intention of selling my car (still don't), but if someone had offered me £175k for it then I would probably have sold, banked £50-£75k and bought something else instead, with a view to getting back into a 991 GT3 at a later date when prices had 'normalised'.
That doesn't make me a speculator, just someone who can't afford to turn down a £50k profit! As it is, I expect to be owning my GT3 for some years to come!
sidicks said:
As I said at the time, I originally had no intention of selling my car (still don't), but if someone had offered me £175k for it then I would probably have sold, banked £50-£75k and bought something else instead, with a view to getting back into a 991 GT3 at a later date when prices had 'normalised'.
That doesn't make me a speculator, just someone who can't afford to turn down a £50k profit! As it is, I expect to be owning my GT3 for some years to come!
Did you not deny this when this was mentioned to you a while ago? Have you changed your mind, because the facts have? That doesn't make me a speculator, just someone who can't afford to turn down a £50k profit! As it is, I expect to be owning my GT3 for some years to come!
BTW, if you had sold the car at £175, or even £160k, that would have been the smart thing to do.
ThirtySomething said:
In my experience, when bubbles burst, they tend to fall more than what people expect, and then rise back to some sort of fair value. If you see 50+ cars advertised at list hypothetically at the end of summer, will you still buy or will you expect further price drops? Some people will of course dip their toes in, others won't. The problem is the vast majority of people here have become speculators and the Porsche brand in particular has become a target for investors. In addition, as been mentioned here, there are other risks to further price falls outside the 991GT3 supply equation. Porsche may well increase supply of GT4 and RS models, they may introduce a manual super sports version, and other manufacturers are also releasing comparable products. Historically many people forget that under normal market conditions new cars have generally been a depreciating asset.
That's fair, especially your point about the GT4/991RS supply. After all, instead of 132 991 GT3's, we had over 300 and there is a finite market for this type of car. GT3/GT4 overlap too, especially as a track tool.Mario149 said:
I've just been on the GT3 configurator and I don't know how people managed to spec their GT3s over £120K, even inc PCCBs, lift, buckets and sport chrono. I've added those plus loads of other unnecessary stuff and only got to a shade over £119K!
http://www.porsche-code.com/PFKDUBE1
You'd have to be going PTS with mega money spunked on leather embossed deviated stitching of the hidden underside of the seats to hit £125K+!
I just did a nice spec with PCCB but no daft options or carbon, or CTS and it was £123k + on the road charges etc another £1k add CTS and the Carbon inside and that's £4,300 extrahttp://www.porsche-code.com/PFKDUBE1
You'd have to be going PTS with mega money spunked on leather embossed deviated stitching of the hidden underside of the seats to hit £125K+!
A nice spec car no PCCB was £117k for me and had every thing I would want.
Mermaid said:
Did you not deny this when this was mentioned to you a while ago?
Deny what - I've been entirely consistent throughout.Mermaid said:
Have you changed your mind, because the facts have?
I've changed nothing - perhaps you are mistaking me for someone else? Or perhaps you can quote the previous post of mine to which you are referring?Mermaid said:
BTW, if you had sold the car at £175, or even £160k, that would have been the smart thing to do.
Some people claim that cars never actually sold at these prices in the first place...mdianuk said:
This one sold this morning according to JZM. Was dropped to £148k but not sure on the final price.
http://www.jzmporsche.com/porsche-for-sale/911/991...
Nice spec ruined by plastic dash and doors.http://www.jzmporsche.com/porsche-for-sale/911/991...
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