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Sunnysidebb

Original Poster:

1,341 posts

52 months

[news] 
Tuesday 9th October 2012 quote quote all
How has the price of the GT2 been doing over the last 3 years. Has it been slowly rising or decreasing.?
Trying to work out if I can have the Cosworth and still get a GT2 in the next couple of years.
Best Ive seen so far is £36k ota.
Frank

StuB

5,497 posts

124 months

[news] 
Tuesday 9th October 2012 quote quote all
I've been watching these & I think they've gone down gradually and there's a lot of stock that hasn't moved, which may be a reflection on those vehicles. There's a Red modified vehicle that's now at 42k, a few standard ones in the same ball park.

There's still a huge gap to 7GT2's as well.

As to the future, it's a gamble to buy a volume production vehicle IMHO as any kind of investment, especially if you want to use it for the purspose intended.

ClassicCarMad

385 posts

58 months

[news] 
Tuesday 9th October 2012 quote quote all
GT2's certainly were not produced in volume.
There is probably about a 100 in the UK, so you need to do your research

They were limited production specialist vehicles very different from the run of the mill Turbo, which reflects in the latter's values

In terms of GT2 values, they are pretty dormant based on a smaller audience and to be honest there is a lot of poor vehicles on the market,coupled with non standard bits accident damaged etc. Most buyers want a good honest standard car with great history and low owners, mileage not important.

They are like a modern day 930, you love them or you don't.
I personally think that aesthetically they are stunning very purposeful and aggressive.
I also think you may be shocked over the next few years on values. As a dealer i seem to recall not that long ago speculators/arm chair dealers making the same statements about the 964RS when they were sitting at the early 20's!!

911Viking

214 posts

29 months

[news] 
Tuesday 9th October 2012 quote quote all
Think you can be patient a few years, could be another 6 - 8k dropping off... Your challenge will be to find a good one, they tend to be either run out/down or really good.

jackal

10,735 posts

167 months

[news] 
Tuesday 9th October 2012 quote quote all
Sunnysidebb said:
How has the price of the GT2 been doing over the last 3 years. Has it been slowly rising or decreasing.?
Trying to work out if I can have the Cosworth and still get a GT2 in the next couple of years.
Best Ive seen so far is £36k ota.
Frank
Beware of cheap ones. All is not as it seems !

The 96 GT2 is NOT a car you want to get on the cheap IMO.

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Crimp a Length!

5,697 posts

108 months

[news] 
Tuesday 9th October 2012 quote quote all
Sunnysidebb said:
How has the price of the GT2 been doing over the last 3 years. Has it been slowly rising or decreasing.?
Trying to work out if I can have the Cosworth and still get a GT2 in the next couple of years.
Best Ive seen so far is £36k ota.
Frank
PM me I may be selling mine.

jackal

10,735 posts

167 months

[news] 
Tuesday 9th October 2012 quote quote all
Crimp a Length! said:
Sunnysidebb said:
How has the price of the GT2 been doing over the last 3 years. Has it been slowly rising or decreasing.?
Trying to work out if I can have the Cosworth and still get a GT2 in the next couple of years.
Best Ive seen so far is £36k ota.
Frank
PM me I may be selling mine.
eekeekeek

GT2CS

371 posts

54 months

[news] 
Tuesday 9th October 2012 quote quote all
StuB said:
I've been watching these & I think they've gone down gradually and there's a lot of stock that hasn't moved, which may be a reflection on those vehicles. There's a Red modified vehicle that's now at 42k, a few standard ones in the same ball park.

There's still a huge gap to 7GT2's as well.

As to the future, it's a gamble to buy a volume production vehicle IMHO as any kind of investment, especially if you want to use it for the purspose intended.
I agree and have been watching for some years. Prices have drifted down and seem to range from late £30k's up to high £40k. Previously (couple of year ago) there were many in the £50k's and none in the high £30k's. Now most seem to be priced mid to low £40k's. Comfort models more widely available and M003 clubsport versions much rarer but dont seem to command much of a premium when they do pop up. Good luck with your search - get an independent inspection done too.

EvoSlayer

1,952 posts

70 months

[news] 
Tuesday 9th October 2012 quote quote all
Crimp a Length! said:
PM me I may be selling mine.

Sunnysidebb

Original Poster:

1,341 posts

52 months

[news] 
Tuesday 9th October 2012 quote quote all
thinking for the future.............dangerous I know...........especially thinkingwobble

Crimp a Length!

5,697 posts

108 months

[news] 
Tuesday 9th October 2012 quote quote all
EvoSlayer said:
Crimp a Length! said:
PM me I may be selling mine.
I know Andy, but no rear seats is pissing me off just don't bloody use it.
Not prepared to put rear belts and seats in either as it will ruin its authenticity in my mind.
Thinking of a 6T or even a C4S to use mate, including a Euro Hoon at some stage next year!

Redeem

363 posts

68 months

[news] 
Tuesday 9th October 2012 quote quote all
I may be completely wrong but I cannot see these cars significantly increasing in value in the years to come. The 997 GT2 will soon find its way in the second hand market (there are already quite a few) and as result the price for the 996 GT2 will be depressed.

bullettneil

298 posts

34 months

[news] 
Tuesday 9th October 2012 quote quote all
Crimp a Length! said:
PM me I may be selling mine.
and thats a nice car!!

bullettneil

298 posts

34 months

[news] 
Tuesday 9th October 2012 quote quote all
Sunnysidebb said:
thinking for the future.............dangerous I know...........especially thinkingwobble
hello frank how are you? so you sell you 6tt to buy an escos and within weeks are talking about a new 911? cant let it go fella?
smile


Crimp a Length!

5,697 posts

108 months

[news] 
Tuesday 9th October 2012 quote quote all
bullettneil said:
Crimp a Length! said:
PM me I may be selling mine.
and thats a nice car!!
Cheers buddy, but yeah your right!!

beer

996ttalot

1,854 posts

60 months

[news] 
Tuesday 9th October 2012 quote quote all
Sunnysidebb said:
thinking for the future.............dangerous I know...........especially thinkingwobble
smash what are you like mate smile

Sunnysidebb

Original Poster:

1,341 posts

52 months

[news] 
Tuesday 9th October 2012 quote quote all
996ttalot said:
Sunnysidebb said:
thinking for the future.............dangerous I know...........especially thinkingwobble
smash what are you like mate smile
Well its like this matey, I want a simpler car and now have it, but I got to thinking....once again v dangerous...... and decided if I run the risk possibly not waking up in the morning,angel then the last thought going through my mind wants to be "i'mma lucky git' as i have a Porka and a chav Escort.jester
You cant take your money with you, so just thinking, that's allwhistle

biggrin

Edited by Sunnysidebb on Tuesday 9th October 23:43

supermono

6,597 posts

133 months

[news] 
Wednesday 10th October 2012 quote quote all
Redeem said:
The 997 GT2 will soon find its way in the second hand market (there are already quite a few) and as result the price for the 996 GT2 will be depressed.
Out of interest is this just a finger in the air opinion or informed by real world insight from the trade/ownership/classic car auction and valuations?

SM

StuB

5,497 posts

124 months

[news] 
Wednesday 10th October 2012 quote quote all
supermono said:
Redeem said:
The 997 GT2 will soon find its way in the second hand market (there are already quite a few) and as result the price for the 996 GT2 will be depressed.
Out of interest is this just a finger in the air opinion or informed by real world insight from the trade/ownership/classic car auction and valuations?

SM
You think there's any difference or relevancy?

We're mostly aware the trade wants to make money from car sales, so why would a trader talk openly & honestly regarding costs, risks, margins & market trends regarding their business?

unclepezza

551 posts

28 months

[news] 
Wednesday 10th October 2012 quote quote all
Redeem said:
I may be completely wrong but I cannot see these cars significantly increasing in value in the years to come. The 997 GT2 will soon find its way in the second hand market (there are already quite a few) and as result the price for the 996 GT2 will be depressed.
Here's my thoughts as an owner who went through the purchasing process of one of these great cars earlier this year, I ended up buying the Castello car, and someone who thought a GT2 would always remain out of my reach financially so please don't flame me just my opinion.

Depreciation for most of us is a good thing as it gets us into the cars of our dreams, but we have to jump on board at some point when we make a purchase of that "dream car" and therefore want to damage control the depreciation if we can, so I totally get that. Always difficult to have your cake and eat it, so the thing that makes the car purchase possible in the first place sometimes can end up being your worst enemy ;-) if it continues to erode at the purchase price.

996 GT2 and 997 GT2 are very different cars, like wise a 993 GT2 and 996 GT2 are different. They are limited in numbers, that we all agree on so that helps with residuals, the thing that drives the market value on cars like these is demand and the cause for demand. Think back to the 993 RS and 964 RS models they were available for sub £30k many years ago and for some time also when they were unloved models, then over a period of time they are discovered as "drivers cars" featuring an analogue driving experience with no driver aids etc etc, we have all read about them and also watched the prices rise steadily.

The 996 GT2 has some of these "magic" ingredients so only time will tell, but in the meantime I get to drive and look at an amazing car that I grow to appreciate every time I drive it, if it goes up in value that is a bonus, if it goes down in value then so be it but it doesn't distract from what a great car it is and the enjoyment that I get from owning and driving one.

Hope this helps any GT2 lurkers in the purchase process.
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