991 GT3 Prices - 50 cars available!
Discussion
PorscheGT4 said:
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 extra
A nice spec car no PCCB was £117k for me and had every thing I would want.
Post up the code? A nice spec car no PCCB was £117k for me and had every thing I would want.
sidicks said:
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!
Unfortunately though on the assumption that many of the 50+ for sale are SOR, those can't surely be counted as just opportunist sellers as you would be, but those with a clear intention of profiting from being in the fortunate position of having a slot originally. After all, SOR cars are typically sat in dealerships until a buyer comes along, not being enjoyed by the owner.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!
I'm getting quite deflated by it all tbh, I wanted back in at a GT level, happy to spent list price, but not in a position of being able to gamble money on 'premium' mark-ups. Annoys me how I've been shunned by OPC's simply because I'm not a customer of theirs (yet), but happy to sell to buyers who are then flipping them for a fast buck!
ThirtySomething said:
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?
In any business situation you would say 50+ cars at list would be a saturated market and expect to see a further fall; however, cars are a completely different, unpredictable market that I simply don't have enough knowledge of to understand where they are heading from there. It would then become a decision of heart over head which goes against the grain for me.lsb said:
sidicks said:
He is suggesting that a high proportion of these cars were not specified with bucket seats.
Thank you, but I am still confused !! A large number of club sport GT3's do not have bucket seats ? - surely not correct ?mdianuk said:
Unfortunately though on the assumption that many of the 50+ for sale are SOR, those can't surely be counted as just opportunist sellers as you would be, but those with a clear intention of profiting from being in the fortunate position of having a slot originally.
Given the uncertainty after launch with cars returned to dealers and engines replaced, I would have thought many speculators would have jumped ship at that point, rather than taking the risk of waiting to see what would happen? I also think that many speculators would have been happy to take a (say) £20k premium (plus the compensation) when it was easily available.mdianuk said:
After all, SOR cars are typically sat in dealerships until a buyer comes along, not being enjoyed by the owner.
Fair point - I've no idea what percentage of the '50' cars available are at dealers rather than private sale. Not sure whether you could allow a dealer to market your car on their website with appropriate photos and still keep the car, under the agreement that you would produce the car for inspection by a potential purchaser when required?mdianuk said:
I'm getting quite deflated by it all tbh, I wanted back in at a GT level, happy to spent list price, but not in a position of being able to gamble money on 'premium' mark-ups. Annoys me how I've been shunned by OPC's simply because I'm not a customer of theirs (yet), but happy to sell to buyers who are then flipping them for a fast buck!
Hope you find a car soon at the right price! I can understand not wanting to pay massively over list, even if the car is worth it!av185 said:
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...
Mermaid said:
The best way of assessing the current value is to offer the car to an OPC or JZM for cash. I suspect the premium will not be more than £10k. At that level, excellent value for an amazing car.
That might well be the best way of assessing the hard liquid cash value of the car but it's not really a 'fair' value either is it. The true value of the car is what end buyers are happy to be paying for them, not the (massively skewed) bids from a dealer OPC or otherwise who is going to be determined to get his pound of flesh on both sides.Right now, I'm not sure what has been more unseemly... the constant gloating of some owners about prices rises previously or the constant gloating of price falls now by some wanting to buy....
isaldiri said:
.
Right now, I'm not sure what has been more unseemly... the constant gloating of some owners about prices rises previously or the constant gloating of price falls now by some wanting to buy....
Huge price swings detract from driver enjoyment - some dealers only want delivery mileage cars to trade on, and there is quite a huge price spread based on mileage. The 991 GT3 will be remembered for:Right now, I'm not sure what has been more unseemly... the constant gloating of some owners about prices rises previously or the constant gloating of price falls now by some wanting to buy....
Engine issues
Prices
& its technical forte is an also ran, but enjoyed by those committed to keeping the car regardless.
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+!
There is about another £ 1500 that gets added on for tax , etc by the OPC over and above config price 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+!
Mermaid said:
Huge price swings detract from driver enjoyment - some dealers only want delivery mileage cars to trade on, and there is quite a huge price spread based on mileage. The 991 GT3 will be remembered for:
Engine issues
Prices
& its technical forte is an also ran, but enjoyed by those committed to keeping the car regardless.
Does it really affect 'driver enjoyment'? I question that seriously. It might affect 'enjoyment of constantly calculating my market to market on assets' and those who are currently fervently wishing the car comes down to list (but immediately back up to silly amounts over above no doubt) but hardly anything to do with 'driver enjoyment'. It's still the same car to drive at £80k, £120k or £180k after all. I have a car which has fallen a rather long way from list and one which was lucky enough to have went up. Can't say either car has changed significantly in driver enjoyment.....Engine issues
Prices
& its technical forte is an also ran, but enjoyed by those committed to keeping the car regardless.
RSVP911 said:
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+!
There is about another £ 1500 that gets added on for tax , etc by the OPC over and above config price 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 don't consider road tax, 3rd year of warranty etc as part of the cost of the car any more than I would the cost to insure it for the first year or the cost of the fuel to drive it for one year. PorscheGT4 said:
But it's £113.5K if you get rid of the daft lights 
isaldiri said:
That might well be the best way of assessing the hard liquid cash value of the car but it's not really a 'fair' value either is it. The true value of the car is what end buyers are happy to be paying for them, not the (massively skewed) bids from a dealer OPC or otherwise who is going to be determined to get his pound of flesh on both sides.
Right now, I'm not sure what has been more unseemly... the constant gloating of some owners about prices rises previously or the constant gloating of price falls now by some wanting to buy....
We need to apply some sensible logic here!Right now, I'm not sure what has been more unseemly... the constant gloating of some owners about prices rises previously or the constant gloating of price falls now by some wanting to buy....
What is more skewed - The prices of cars being advertised at various significant overs from 135k - 185k or hard liquid trade cash value??
Quite obvious and logically there is only ONE correct answer! If you phone around a couple of dealers you will find a median trade value. Dealers will only bid at what level they feel the end buyers are happy to pay less their profit margin. So profit margin on car like this will be quite easily a minimum of 10k for an independent and up to 15k for OPC. Right now you will be pressed hard to find any dealer paying more than 10k over list price. Hence, from this analysis you can determine 'fair value' with relative ease.
Does it effect driver enjoyment?
No, I don't think price depreciation affects driver enjoyment. However, it certainly affects the Porsche ownership experience, especially if you were duped into buying at overs because people here were saying your money was safe in 991 as prices were going to 200k!
Edited by ThirtySomething on Friday 3rd July 19:56
Scooty100 said:
Can u still order these?
No, but a number of people who originally missed out are now being offered build slots. Clearly Porsche are filling their boots and numbers being produced are well above 132 original build numbers being touted .... its now well over 300. Hence maybe partly why you have a choice of 50 cars now!Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff