12 GT4's for sale on PistonHeads and growing

[lemmingjames]

Nickz said:

A lot of people have been waiting and hoping for a Cayman like this. They are not investors but enthusiasts.

I would not take £100K for mine and know what other cars that sort of money would buy.

Maybe but at the same time at the start there did seem to be a serious amount of punters looking to make 20-30k. While outside of the GT4 they maybe enthusiasts and own multiple cars etc it was still a rhd bubble. If Porsche didnt make the initial claim that it would be 'limited' you wouldnt have the clamour for one etc. Anyway its been done to death and for £100k id go American

[av185]

lemmingjames said:

If Porsche didnt make the initial claim that it would be 'limited' you wouldnt have the clamour for one etc.

Really?

Even ignoring the questionable 'limited' claims and obvious premiums reflecting the cars abilities.....what about the simple fact that the car is overall a brilliant package and punches well above its weight as confirmed by quality journos and the remarkable Ecoty win.

[lemmingjames]

av185 said:

Really?

Even ignoring the questionable 'limited' claims and obvious premiums reflecting the cars abilities.....what about the simple fact that the car is overall a brilliant package and punches well above its weight as confirmed by quality journos and the remarkable Ecoty win.

So how do you explain them being near list in LHD markets or available for alot less overs/not seeing the massive premiums rhd cars command? If Porsche made it open to all and not 10 per OPC (roughly), do you think theyd have sold more or less?

Im sure it does punch above its weight but alot more other 'drivers' cars won other magazines COTY, bar Evo (which it won due to 'costs', did it win any other mags COTY?

Like i said, weve been here before discussing the same st over and over again.

[mdianuk]

lemmingjames said:

Like i said, weve been here before discussing the same st over and over again.

You've just reignited this thread though (ignoring David), I merely asked what prospective buyers are waiting for. Remember this isn't GT4/Porsche exclusive, this is happening across many brands; no idea why, I guess the RHD market is more limited by the very fact most of our neighbours in Europe are LHD and therefore the market is more saturated. I don't know if the GT4 is worth these premiums, but for me personally, it is certainly a bargain at list.

[isaldiri]

Asking prices in classifieds have no relation to what people are actually prepared to pay, both private and dealer. Any owner expecting to sell at anything like those prices (even minus 5k ish SOR) is probably going to be in for a slight surprise.

[AOK]

isaldiri said:

Asking prices in classifieds have no relation to what people are actually prepared to pay, both private and dealer. Any owner expecting to sell at anything like those prices (even minus 5k ish SOR) is probably going to be in for a slight surprise.

Slightly incorrect.

I know for fact about a very high spec £85k RRP car which was purchased by an independent dealer for about £10k over, advertised for about £20k over and sold within a week for close to the dealer's asking price.

As has been mentioned before on here, these are selling... but the market is VERY spec dependent.

[av185]

lemmingjames said:

So how do you explain them being near list in LHD markets or available for alot less overs/not seeing the massive premiums rhd cars command? If Porsche made it open to all and not 10 per OPC (roughly), do you think theyd have sold more or less?

Depends what 'open to all means'. No chance would Porsche make an 'unlimited run' in the true sense of the phrase for the GT4....why should they.....similar to other manufacturers.

Fact remains there will probably be c 400 to 450 UK Gt4s when production finishes. But even if there were even twice or three times this number it would have had little bearing on residuals as confirmed by cars such as the 458 and 997 GTS both of which had c 1200+ for the UK market.

[isaldiri]

AOK said:

Slightly incorrect.

I know for fact about a very high spec £85k RRP car which was purchased by an independent dealer for about £10k over, advertised for about £20k over and sold within a week for close to the dealer's asking price.

As has been mentioned before on here, these are selling... but the market is VERY spec dependent.

Fair enough, well done to that person/dealer for a successful flip.

I'll correct my statement to
'anyone who puts some reasonable mileage on his car (especially since everyone here bought the car to drive and not flip right? ) might find it quite tricky to get anywhere close to the asking prices on classifieds short of taking Ferrari like mileage value corrections''

[AOK]

isaldiri said:

Fair enough, well done to that person/dealer for a successful flip.

Apologies, the main point wasn't in relation to the price paid... it was that the price paid was very close to the price it was advertised for. And sold within a few days.

And the point was made in relation to you suggesting that the prices being paid are grossly under the advertised prices, which this example suggests might not be the case

IMO of course

[lemmingjames]

Bit of editting here from me but

mdianuk said:

You've just reignited this thread though (ignoring David), I merely asked what prospective buyers are waiting for.

No you asked;

mdianuk said:

Interested to know, of those of you without a GT4, but clearly monitoring threads like this, what are you waiting for? And some more stuff about being buyers

I answered;

lemmingjames said:

waiting to see if investors get their fingers burnt for fueling the bubble. plus some stuff about rhd bubble

so i answered your question that then snowballed the thread back several months. Obviously the worlds changed but the last time Porsche did it with the Caymen R and Spyder and made it free for all, not many purchased was there? I dont know about the 996/997 Gt3's being limited or not.

[mdianuk]

lemmingjames said:

so i answered your question that then snowballed the thread back several months. Obviously the worlds changed but the last time Porsche did it with the Caymen R and Spyder and made it free for all, not many purchased was there? I dont know about the 996/997 Gt3's being limited or not.

Fair enough, so your answer to the question I asked is that you will buy when investors get burnt, hmmm, ok, not sure that is an answer, but with the current political circus going on, it is easy to get absorbed into that way of responding

I'm not in a position to argue whether the current trend will continue, as I don't know enough about that side of the industry, but certainly the demand on the GT4 has been much higher than the 'parts bin special' Cayman R (albeit it was a fantastic car). However, on that basis, yes the Cayman R didn't rush off the shelves, yet years later, is still commanding very strong prices for correctly specced low mileage examples; so maybe not a bubble?

[lemmingjames]

i answered the first part of the question and ignored everything else ;-)

as for the CR and Spyder not selling initially and commanding a premium, commanding it due to the bubble? or commanding as not enough people saw them as special originally and didnt sell in greater numbers. Either way, i believe, it was open season on ordering and not many did as a result, yet if P had said we will only build X number theyd have all sold out (applying todays mentality to yesterdays mentality)

[Trev450]

mdianuk said:

Interested to know, of those of you without a GT4, but clearly monitoring threads like this, what are you waiting for? Are you comfortable with the current prices but haven't found the right spec? Are you looking for prices to drop slightly but still willing to pay a small premium? or, Are you waiting for prices to drop back to list or below, providing it is within a set time period?

Personally, I'm just monitoring the market at the moment with maybe a view to purchasing in 6-8 months time.

[mdianuk]

lemmingjames said:

Either way, i believe, it was open season on ordering and not many did as a result, yet if P had said we will only build X number theyd have all sold out (applying todays mentality to yesterdays mentality)

No idea if that would have been the case back then, as other models such as the GT3's were at their lowest points around that time (as I was shopping for a 997.1 GT3 when I bought the Cayman R instead), but I can certainly confirm that ordering a Cayman R brand new was a readily available option but I decided to go with a dealer registered car, advertised at £62k with options, bought for £50k; subsequently sold for £45k 12 months later (and possibly now worth £50k again for the spec it had and mileage).

All I'm say is it is a funny game but hope to hear from others as to when they feel they will enter the world of the GT4 given they are monitoring this thread.

[mdianuk]

anonymous said:

[redacted]

Why? Where else can you readily buy RHD GT4's for the UK market? Completely different market to living in lets say France and having access to a wealth of LHD motors from any neighbouring country. The car industry is quite unique here as a result. No idea what will happen though, will prices hold, maybe, it isn't like we are all instantly a lot poorer, plus many are putting their money into assets for the time being whilst the pound is weakened.

[Sam All]

anonymous said:

[redacted]

I expect you are, those who paid list will not be nervous.

[mdianuk]

anonymous said:

[redacted]

Maybe we both are.

I suspect the same would be being said if we didn't have the current Euro turmoil, but one things for sure, there is no substitute for RHD, no alternative on the horizon, so that will always be important, though only as important as how successful the UK market is at the time.

Given the calibre of the GT4, I would imagine the price will be propped up by what the GT3's are doing. The GT4 is a relative bargain at £90k compared to a nicely spec'd GT3 at £140k, but that is only my opinion.

[Sam All]

anonymous said:

[redacted]

Fancy buying one?

[Sam All]

anonymous said:

[redacted]

So what do you call short term?

[Trev450]

anonymous said:

[redacted]

This is why I'm holding back.