997 GT3 RS realistic price?
Discussion
Assuming we are ignoring the Porsche Green examples that sky rocketed in price some years ago (not sure if this is still the case), does anyone have any experience of what a 997 GT3 RS would be available at these days?
I understand that in the classifieds they are circa £130K (asking) but I'm assuming these are mostly sale or return prices in which the dealer may have around 15-20% + spread on the transaction. That's fair enough, I don't expect them to work for nothing however buying via a trader offers little in the case of a cash purchaser with no trade in or requirement of finance-how much are people actually paying/receiving?
Are there any posters who have relatively recent experience of what is a realistic sale price achievable? If the GT crowd don't frequent PH much these days is there a better place to ask?
I understand that in the classifieds they are circa £130K (asking) but I'm assuming these are mostly sale or return prices in which the dealer may have around 15-20% + spread on the transaction. That's fair enough, I don't expect them to work for nothing however buying via a trader offers little in the case of a cash purchaser with no trade in or requirement of finance-how much are people actually paying/receiving?
Are there any posters who have relatively recent experience of what is a realistic sale price achievable? If the GT crowd don't frequent PH much these days is there a better place to ask?
LaurasOtherHalf said:
Assuming we are ignoring the Porsche Green examples that sky rocketed in price some years ago (not sure if this is still the case), does anyone have any experience of what a 997 GT3 RS would be available at these days?
I understand that in the classifieds they are circa £130K (asking) but I'm assuming these are mostly sale or return prices in which the dealer may have around 15-20% + spread on the transaction. That's fair enough, I don't expect them to work for nothing however buying via a trader offers little in the case of a cash purchaser with no trade in or requirement of finance-how much are people actually paying/receiving?
Are there any posters who have relatively recent experience of what is a realistic sale price achievable? If the GT crowd don't frequent PH much these days is there a better place to ask?
I think you'll find the asking prices start at £130K up to perhaps £200k. I have looked at selling mine so can give you direct feedback of what the market has done in terms of offers I've had in the last year.I understand that in the classifieds they are circa £130K (asking) but I'm assuming these are mostly sale or return prices in which the dealer may have around 15-20% + spread on the transaction. That's fair enough, I don't expect them to work for nothing however buying via a trader offers little in the case of a cash purchaser with no trade in or requirement of finance-how much are people actually paying/receiving?
Are there any posters who have relatively recent experience of what is a realistic sale price achievable? If the GT crowd don't frequent PH much these days is there a better place to ask?
-Nov 2015 was offered €170K, turned it down.
-during 2016 have been offered many PX's including, 996GT3RS swap, MP4-12C +€20K, 997.GT3 + cash, 996GT2 + cash and also €150K about 5 months ago; again I didn't accept any of these offers.
I have spoken to a few dealers recently and my feeling is, if I wanted to sell the car this week at £115-120K the car would go. This is around £10-15K below the asking price of the cheapest car currently advertised.
Price would be UK£, car would be used for perhaps 3x Nürburgring trips and 2x Spa track days only per year. Maybe a little more but another car would be used for UK track days so a low mileage garage queen isn't necessary.
That's not to say a track slag is un/acceptable should a good car be available.
What would be unacceptable would be spending £130K on a car that wasn't worth that in real terms. Appreciate that there is always a cost in motoring but if a £30k hit on ownership is to be accepted, a new car with warranty would be preferred in this case.
How much less than £130K are UK owners of typical GT3rs' getting?
That's not to say a track slag is un/acceptable should a good car be available.
What would be unacceptable would be spending £130K on a car that wasn't worth that in real terms. Appreciate that there is always a cost in motoring but if a £30k hit on ownership is to be accepted, a new car with warranty would be preferred in this case.
How much less than £130K are UK owners of typical GT3rs' getting?
The JZM orange one was the cheapest orange one I've heard of in the last year or more (that is - a non reshelled/story one). Perhaps the same applies to their green one, and they are not known for taking bids in the balls, so I doubt they went for more than £2k off list (and both of those cars had their prices dropped once or twice each)
Orange and green go for premiums. I know of 2 buyers who are waiting to buy at anything in the £120s. Now is the worst time to sell, wait until March/April and the supply will likely dry out, so perhaps now is the best time to buy. There is no way in hell you'll get only £100k or even £110k back if you wanted to sell it. In fact I'll buy one now for that much at that price and I'm sure there will be a long queue behind me.
Having said that if you're talking 3 ring/spa trips at least that's already almost 5,000 miles if you do nothing else and assuming those trips coincide with one another. That's not necessarily low miles for an RS. A fair bit of the premium for these cars is their collectibility, so miles will disproportionate hurt. Why not buy a 997.1 GT3 and get most of the benefits for less RS premium - unless you just want an RS
Orange and green go for premiums. I know of 2 buyers who are waiting to buy at anything in the £120s. Now is the worst time to sell, wait until March/April and the supply will likely dry out, so perhaps now is the best time to buy. There is no way in hell you'll get only £100k or even £110k back if you wanted to sell it. In fact I'll buy one now for that much at that price and I'm sure there will be a long queue behind me.
Having said that if you're talking 3 ring/spa trips at least that's already almost 5,000 miles if you do nothing else and assuming those trips coincide with one another. That's not necessarily low miles for an RS. A fair bit of the premium for these cars is their collectibility, so miles will disproportionate hurt. Why not buy a 997.1 GT3 and get most of the benefits for less RS premium - unless you just want an RS
Edited by Mousem40 on Monday 5th December 01:52
Mousem40 said:
Having said that if you're talking 3 ring/spa trips at least that's already almost 5,000 miles if you do nothing else and assuming those trips coincide with one another. That's not necessarily low miles for an RS. A fair bit of the premium for these cars is their collectibility, so miles will disproportionate hurt. Why not buy a 997.1 GT3 and get most of the benefits for less RS premium - unless you just want an RS
...especially as the differences between vanilla 3 and RS were rather minor in the 7.1 iterationEdited by Mousem40 on Monday 5th December 01:52
LaurasOtherHalf said:
Yes that's the idea really, we understand there will always be a spread between asking prices and trade bids however I'd imagine private sales of this type are now becoming rarer with the values involved.
In a flooded market you may be able to play the buyers game you are thinking. However in a low volume market if you are looking for say an orange car with no stories and lowish mileage, then you may find only one car available and one seller to 'bargain' with. Even if you are looking for a lower price higher mileage car, there will only be so many around to entice with a lower offer.I expect most private sellers will accept an offer of SOR asking price mines £5k...as that is roughly the spread. There is no 15-20% spread
Edited by LaSource on Monday 5th December 14:41
Edited by LaSource on Monday 5th December 14:41
A lot of trade won't want cars this expensive in stock (JZM being one of them) they'll just bid you in the balls or tell you to SOR and take 5%. So ask them what price you would expect on an SOR net to yourself and that would be a good figure between retail and private to base your figures off.
Worst case you pay retail @130k and I put you in touch with my friends with their bids in the 20s. So there's your bottom line already - less than a £10k loss.
Worst case you pay retail @130k and I put you in touch with my friends with their bids in the 20s. So there's your bottom line already - less than a £10k loss.
Edited by Mousem40 on Monday 5th December 14:41
LaurasOtherHalf said:
RS rather than a regular GT3, and RHD though thanks for the PM carreralightweight
LHD could actually make a little more sense for your intended use LOH. If it remained German registered, you only need a TUV (MOT in Germany) once every 2 years (Next due Nov 2018), you can apply for 5 day registration plates which cost about €100 including insurance for 5 days, so say 6 trips to Spa/NBR/Hockenheim in the warmer months per year(75/40/90mins from me). You fly in on a cheap Ryanair flight from Stansted to Frankfurt Hahn (STN-HHN) around £20 each way then you will put very limited mileage on the car, less than 1500 per year and it will only cost about €600 per year for all your tax/insurance/registration (TUV is an additional €101 every 2 years). Would certainly work out better than putting 5000miles on a RHD car per year and the associated depreciation costs.The cost involved for SOR range anywhere from a fixed price of £1000 +vat to a fixed percentage around 5%, plus any preparation needed....so nowhere near 15%-20% OP suggested. As for what they are realistically worth right now, one friend sold his Gen 2 a year ago for roughly £160k, and another a few months ago for a similar price. A private sale might be a bit cheaper to take into account the sales savings but I'm sure an owner of such a specific car knows exactly what they can realistically achieve. I would guess private sales might be going through at around £150, but you have no recourse to anyone should something go wrong. I think values are pretty static right now and may even soften slightly on the back of the uncertain economic outlook. I don't think you need to rush into this market, there always seems to be quite a few around.
Edited by P.Griffin on Monday 5th December 15:59
Excellent advice all round, thanks for the info especially around the percentages involved with SOR. It would appear the margins are less than I was expecting at 5%.
CLR, many thanks for the info and we understand about the advantages of a German registered car however I think a RHD car would be preferred-perhaps one slightly less modified also although I have forwarded on your details to the purchaser-if he is interested he'll be in touch.
Are orange ones really worth any more or is this something that's come on the back of the green gold rush? One has been offered although no firm price has been given.
CLR, many thanks for the info and we understand about the advantages of a German registered car however I think a RHD car would be preferred-perhaps one slightly less modified also although I have forwarded on your details to the purchaser-if he is interested he'll be in touch.
Are orange ones really worth any more or is this something that's come on the back of the green gold rush? One has been offered although no firm price has been given.
nigelonich said:
LaurasOtherHalf said:
3x Nürburgring trips
Not many of these on the ring this year buddy. Even the rich people cant afford to track them!Im pretty sure white is the rarest RHD 997.1 GT3 RS colour?
I like the black/orange ones but then I'm not buying it. I seem to recall a silver/orange one in the classifieds for a long time, there can't have been many of them. CH from Circuit Days had a white one many years ago.
Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff