Market update on 996 GT2s
Discussion
RWD cossie wil said:
I'm seriously thinking about a 996 turbo, but I'd really like a GT2 as I prefer rear wheel drive, the only problem is that I would have to save for another year or borrow towards a GT2, which also puts them into 997t pricing? Car would be a weekend/evening toy only, so not bothered about comfort too much etc.
Are the 40k cars really that bad, or can you pick up somthing usable for that money? Nothing with a cat c/d history would really interest me, but a high miler would not worry me too much?
996tt or 997tt are very fast cars you drive to and from your chosen place of work. 996 GT2's or 996 GT3's are the cars you go for a drive when you get home from work and require stimulation... They cannot be compared.Are the 40k cars really that bad, or can you pick up somthing usable for that money? Nothing with a cat c/d history would really interest me, but a high miler would not worry me too much?
The cars for sale are ok if not damaged, but budget on the following to bring them back to peachey:
- fresh tyres (forget anything older than 12 months on a car of this performance)
- pads and discs
- clutch
- dampers & springs
- suspension bushes
- diff re-build
- Geo set up
- a proper service
I came in to work today in the 997GT3 - I'd class that as a fast daily driver too just like the 996tt and 997tt...
DO IT YOU WON'T REGRET IT.
a year or so ago there were a number advertised over £50k with most sitting at high £40k. Now there are none over £50k and most sitting at low to mid £40k with a number in the high £30k's, which was never the case before - well one green one went in high £30k a couple of years ago. The same arguments about them rising were made a year+ ago. Maybe it will take more time.
supermono said:
Just wondering since I guess after the spring flurry of activity there's been no particular GT2 talk.
Slight possibility some property action may lead to the sale of mine -- any estimates of value? 40k miles, comprehensively rebuilt suspension inc factory remanufacturered dampers, geo with certification of fixed point accuracy, full OPC throughout, carbon, nomex, tequipment bat. No nasty stories...
SM
Lovely spec. If its very clean and drives well then mid to late £40's is where I would put a value to it. Whether someone would pay that is debateable. Good luck though with whatever you decide..Slight possibility some property action may lead to the sale of mine -- any estimates of value? 40k miles, comprehensively rebuilt suspension inc factory remanufacturered dampers, geo with certification of fixed point accuracy, full OPC throughout, carbon, nomex, tequipment bat. No nasty stories...
SM
GT2CS said:
a year or so ago there were a number advertised over £50k with most sitting at high £40k. Now there are none over £50k and most sitting at low to mid £40k with a number in the high £30k's, which was never the case before - well one green one went in high £30k a couple of years ago. The same arguments about them rising were made a year+ ago. Maybe it will take more time.
It took 15 years or so for 964rs' and less so 964 turbos' to start rising in price so it will probably be the same with the Gt2's/Gt3's,most Gt2/Gt3 owners by then will have thought they will never stop depreciating,wont maintain them properly,drive the s
t out of them,subsequently the majority are now crap...this makes the ones that are finally left in proper order very well bid...they then become very expensive and the herd start chasing the also rans..all imo of course..marky911 said:
Never been in a comfort, only a clubbie and I know it's the only one I'd buy.
Comfort spec to me just seems like a compromise I don't need to make and detracts from what is a special run race derived model.
Clubbie feels mega special with the cage, harnesses, etc.
My comfort would feel very special to you then Comfort spec to me just seems like a compromise I don't need to make and detracts from what is a special run race derived model.
Clubbie feels mega special with the cage, harnesses, etc.
It's a comfort with leather/CF bucket seats and trim, leather dash and door facings, CS rear cage, harnesses, Ohlins, Manthey K400, Cup toe links, Mk2 brakes. Makes a standard Clubbie look and sound tame 
kayc said:
GT2CS said:
a year or so ago there were a number advertised over £50k with most sitting at high £40k. Now there are none over £50k and most sitting at low to mid £40k with a number in the high £30k's, which was never the case before - well one green one went in high £30k a couple of years ago. The same arguments about them rising were made a year+ ago. Maybe it will take more time.
It took 15 years or so for 964rs' and less so 964 turbos' to start rising in price so it will probably be the same with the Gt2's/Gt3's,most Gt2/Gt3 owners by then will have thought they will never stop depreciating,wont maintain them properly,drive the st out of them,subsequently the majority are now crap...this makes the ones that are finally left in proper order very well bid...they then become very expensive and the herd start chasing the also rans..all imo of course..It's a lot of performance for the money and a safe bet for future residuals, but the ones that are potentially going to fetch big money in the long term will have had equally large chunks of cash thrown at them along the way - or been parked in a museum. Anyway, today in the real world they appear to be worth sub £50K and I'm not sure what is going to happen any time soon to change that?
Slippydiff said:
My comfort would feel very special to you then It's a comfort with leather/CF bucket seats and trim, leather dash and door facings, CS rear cage, harnesses, Ohlins, Manthey K400, Cup toe links, Mk2 brakes. Makes a standard Clubbie look and sound tame
Ha! Fair-do's, I'm sure it would! That's a great spec. I've been drooling over the yellow Manthey one in the classifieds for a few weeks. It's a comfort with leather/CF bucket seats and trim, leather dash and door facings, CS rear cage, harnesses, Ohlins, Manthey K400, Cup toe links, Mk2 brakes. Makes a standard Clubbie look and sound tame 
jfp said:
Lovely spec. If its very clean and drives well then mid to late £40's is where I would put a value to it. Whether someone would pay that is debateable. Good luck though with whatever you decide..
On the basis of the final asking price for the Castello car, I suspect you'd not see anything like late £40's Jon. £45K tops, but more likely less.If JZM have their car up at £50K with 15K less miles AND some kind of warranty ? (And that price must leave some room for negotiation) I doubt a private sale at 40K miles would achieve £45+K.
Slippydiff said:
jfp said:
Lovely spec. If its very clean and drives well then mid to late £40's is where I would put a value to it. Whether someone would pay that is debateable. Good luck though with whatever you decide..
On the basis of the final asking price for the Castello car, I suspect you'd not see anything like late £40's Jon. £45K tops, but more likely less.If JZM have their car up at £50K with 15K less miles AND some kind of warranty ? (And that price must leave some room for negotiation) I doubt a private sale at 40K miles would achieve £45+K.
Anyway answer your phone Diffyslippy! I've got an important revelation to share with you..
I think one of the main reasons people buy a classic or rare model of any car is because they like the look of it and on that one, although I personally think the 996 GT2 is an immense and agressive looking car, if it was better looking in the traditional sense and had more of the classic porsche/headlights look, it would attract 2-3 times as many prospective buyers
You then have that argument of speed. If you want something that is very fast, you can buy a similar age and mileage 996 turbo for £15-20K less, and for £1.5-2K you can have equivalent BHP of a GT2 done by a reputable source to produce a faster but still reliable 996 turbo. I personally think the 2WD non-traction GT2 is more fun to drive, but £10-20K more...definately not. Add in the fact that the 996 turbo is probably lot easier to get out of from a ownership perspective, it's difficult to justify going for the GT2 in my opinion - if a 996 is what you want.
Long term, will they increase in value? I suspect not. Even if numbers decrease a bit. There will be more desirable 997 models which will prove tempting to go for at the £45-50K mark, because their depreciation curves will plateau. As a result I personally imagine the 996 GT2 will slowly creap downwards, but at glacial speed.
The cost of maintenance with these types of cars is always something that comes up as a reason not to consider a purchase, but for the vast majority of people on the street, the biggest cost in the car ownership experience, is depreciation. £3-5K per year (unless you are unlucky) to maintain a high performance rare car, seems like a no brainer to me when compared to potentially tens of thousands in depreciation on a newer motor. I once lost £24K in 14 months on a 997 I bought. That one still hurts! In that time I spent £0 in maintenance....but was a big loser at the end of that ownership experience, even if I did love the car.
The great thing about porsches though, is they all drive great so you cant really go that wrong. I have owned a 993, 996 and 997 and whether NA or turbo, they are all fab.
If you want a min depreciating car and you dont mind potentially sitting on for a few months to get out of it after you fancy something new, I think the GT2 would be a great car and there is enough info flowing round these forums to know what to look for in terms of mechanicals, to make sure you buy a good one
Good luck with it
You then have that argument of speed. If you want something that is very fast, you can buy a similar age and mileage 996 turbo for £15-20K less, and for £1.5-2K you can have equivalent BHP of a GT2 done by a reputable source to produce a faster but still reliable 996 turbo. I personally think the 2WD non-traction GT2 is more fun to drive, but £10-20K more...definately not. Add in the fact that the 996 turbo is probably lot easier to get out of from a ownership perspective, it's difficult to justify going for the GT2 in my opinion - if a 996 is what you want.
Long term, will they increase in value? I suspect not. Even if numbers decrease a bit. There will be more desirable 997 models which will prove tempting to go for at the £45-50K mark, because their depreciation curves will plateau. As a result I personally imagine the 996 GT2 will slowly creap downwards, but at glacial speed.
The cost of maintenance with these types of cars is always something that comes up as a reason not to consider a purchase, but for the vast majority of people on the street, the biggest cost in the car ownership experience, is depreciation. £3-5K per year (unless you are unlucky) to maintain a high performance rare car, seems like a no brainer to me when compared to potentially tens of thousands in depreciation on a newer motor. I once lost £24K in 14 months on a 997 I bought. That one still hurts! In that time I spent £0 in maintenance....but was a big loser at the end of that ownership experience, even if I did love the car.
The great thing about porsches though, is they all drive great so you cant really go that wrong. I have owned a 993, 996 and 997 and whether NA or turbo, they are all fab.
If you want a min depreciating car and you dont mind potentially sitting on for a few months to get out of it after you fancy something new, I think the GT2 would be a great car and there is enough info flowing round these forums to know what to look for in terms of mechanicals, to make sure you buy a good one
Good luck with it
Shall I say what you are all thinking........the only 996 GT2/3 cars that 'could' be worth a large sum in 10-20 years are currently in storage, are never driven and have less than 10000 miles on the clock.
If you currently own a higher mileage example just go out and enjoy it safe in the knowledge that should you want the latest 991 GT2/3 at some point in the future your 996 GT2/3 will give you a nice deposit on the latest/fastest version that Porsche will produce (until the 992 GT2/3 comes along in around 2025 if VAG hasn't been bought by a Chinese automotive company by then........)
If you currently own a higher mileage example just go out and enjoy it safe in the knowledge that should you want the latest 991 GT2/3 at some point in the future your 996 GT2/3 will give you a nice deposit on the latest/fastest version that Porsche will produce (until the 992 GT2/3 comes along in around 2025 if VAG hasn't been bought by a Chinese automotive company by then........)
Roadrunner996 said:
Shall I say what you are all thinking........the only 996 GT2/3 cars that 'could' be worth a large sum in 10-20 years are currently in storage, are never driven and have less than 10000 miles on the clock.
If you currently own a higher mileage example just go out and enjoy it safe in the knowledge that should you want the latest 991 GT2/3 at some point in the future your 996 GT2/3 will give you a nice deposit on the latest/fastest version that Porsche will produce (until the 992 GT2/3 comes along in around 2025 if VAG hasn't been bought by a Chinese automotive company by then........)
I think you will find that people said the same about the now sought after air-cooled cars 10/15 years ago...in 2006 i had a straight swap deal for my 2001 996tt with a mint 964 3.6 turbo..both valued at 40k and i turned it down..thats an example of how quickly sentiment can change over a short period of time.I think the same will happen with mint 996 Gt3rs/gt2 and the fact a later model comes out doesnt always matter..some people prefer the rawness of the older cars as Porsche dial out the inherent rear engine weight and lively steering nature of the 911.If you currently own a higher mileage example just go out and enjoy it safe in the knowledge that should you want the latest 991 GT2/3 at some point in the future your 996 GT2/3 will give you a nice deposit on the latest/fastest version that Porsche will produce (until the 992 GT2/3 comes along in around 2025 if VAG hasn't been bought by a Chinese automotive company by then........)
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