how come so many 991.2 GT3 for sale

how come so many 991.2 GT3 for sale

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Porsche911R

21,146 posts

266 months

Monday 13th August 2018
quotequote all
TDT said:
Was at my OPC today - they have a Crayon PDK GT3 in the showroom... had 2 owners already in 3000miles (Flipped by the 1st and now on SoR from the 2nd) was reduced to £169k last week - CS with PCCB.
Had an honest chat with my sales guy about the market.. and his view was that people are going to get trapped buying these cars at too much over list... you won't be able to drive it or use it as intended for fear of haemorrhaging value... which we all know.
When you insure - because you're going to want agreed value, and if you want to track it and actually use it - your excess is going to be crazy - because of your agreed value. So ultimately in this flippers market, don't break your balls trying to get into one.. other than owning a new trinket to polish - keeping up with the Jones'
the cars way over priced that's all (45k overs !). that's the issue with SOR the 2nd owners want to make money and it's not going to happen.

but if you buy a car £30k overs and use it, that's not bad over buying a 570S for a 488 or some thing as I cannot see them dropping back to list anytime soon. So you might get away with running a £130k super car for 7k PA , no other cars allows that.

it's about the cost to own the car not the overs, as you well know paying overs for a GT4.

The issue is the longer people wait to get one the older and more miles they have


Cheib

23,275 posts

176 months

Monday 13th August 2018
quotequote all
TDT said:
Was at my OPC today - they have a Crayon PDK GT3 in the showroom... had 2 owners already in 3000miles (Flipped by the 1st and now on SoR from the 2nd) was reduced to £169k last week - CS with PCCB.
Had an honest chat with my sales guy about the market.. and his view was that people are going to get trapped buying these cars at too much over list... you won't be able to drive it or use it as intended for fear of haemorrhaging value... which we all know.
When you insure - because you're going to want agreed value, and if you want to track it and actually use it - your excess is going to be crazy - because of your agreed value. So ultimately in this flippers market, don't break your balls trying to get into one.. other than owning a new trinket to polish - keeping up with the Jones'

Have to say he did a good job of talking me out of thinking about changing anytime in the near future or until they get to within 10k of list. GT4 will be staying a while unless I get a build allocation for future model.
My car is insured with Zurich Private Client, they cover three track days as part of the policy and the excess is based on what I paid. The policy will pay out up to 150% of original invoice in case of theft or total loss.



TDT

4,942 posts

120 months

Monday 13th August 2018
quotequote all
Porsche911R said:
it's about the cost to own the car not the overs
Yep.


nigelonich

1,017 posts

221 months

Tuesday 14th August 2018
quotequote all
I paid overs but not mental overs....

I have avoided the #relationshipcustomer surcharge not buying cars I didn't want and losing money on them which seems to be a real thing. I am fairly sure sure that is a net saving position today.

In every iteration of GT3 high/stable residual values have been with high spec club sport cars in rare colours or PTS and I believe that specification is more important that mileage. The 991.2 GT3 we be no different. I am surprised that PCCB cars are more sought after as that is a new thing.

I was concerned that the manual 991.2 GT3 would impact the PDK residuals but this has not been a material problem so far. Perhaps its because of the manual only GT3 Touring I guess.

Regarding the OP: The £140k+list cars in the £extra colours (Lava, Crayon, Carmen or Miami) are in short supply. Add on full PPF at around £4k and these cars cost about £145k

N.