The £150,000 GT3 has arrived as predicted

The £150,000 GT3 has arrived as predicted

Author
Discussion

RSVP911

8,192 posts

134 months

Saturday 31st January 2015
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5517 said:
I have ran both 911's and F cars for years and the last thing 911 owners need is Ferrari mileage sensitivity or clocked to death cars as is the Maranello way.

I put 12K miles on a Sport Classic in 12 months and sold it for more than i paid for it with del miles on so when the cars rare and desirable its not so critical with Porsche because we all know they are good for it..

A lower mileage car will always sell first and for more money but 911's sell well at all mileages unlike F cars.

I think the OPC car at 125K is priced very fairly in todays market place.
Agree , let's see how long it takes to go ? I see two other cars at indies at 145/149 ish - if dealer margin is £10/15 , then owner "profit" up on these cars is anywear from £ 10 to £ 25 .

So it leaves you with the question - if I sell to a dealer at absolute top top whack of £k 130 / £k 140 (sounds like OP's , £k 150 is a very good deal) , what do I do next - I can't buy a decent 458 , never mind a 458 spider and nowhere near a 458 spec at this price - so what's the point ( not that I'd swap out for any 458 other than the spec - and even this is debatable) This is why IMHO the prices will keep rising as it's all about the market alternative , driving the market value and as yet , there just isn't one in this range. I guess this only leaves one alternative and this is a 997.2 RS at £k 165 - a similar alternative that will may increase in value over the long term due to unique features ( but a 60 % rise in a year is plainly unsustainable) , but it's a hard call to chuck in another £25/35 to buy an RS with > 12,000 miles on the clock , no matter how great they are - so , my view is stick .

P.S engine swap out comp mentioned earlier at £K 15 is crazy - maybe one or two got > £k 10 , but most got way way less than this - it was x a week for registered cars for each week off the road - most were done within 5 months and as such comp was nice but not silly smile


Edited by RSVP911 on Saturday 31st January 10:33


Edited by RSVP911 on Saturday 31st January 10:34


Edited by RSVP911 on Saturday 31st January 10:35

Mermaid

21,492 posts

172 months

Saturday 31st January 2015
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DT398 said:
I think it's definitely the case though that Porsche got the list price "wrong" for the RHD 991 GT3 market, compared to what else was available for the money.
By about £20k. Expect to see the 991RS price moved up by that & some. smile

ShakMan

179 posts

283 months

Saturday 31st January 2015
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Having got mine recently with almost delivery miles (and having paid a very significant premium), I now understand why the the 991GT3 IS THE best new car available south of 200k GBP.





Glenn McMenamin

2,305 posts

239 months

Saturday 31st January 2015
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Question for current owners.

Are you upping your insurance cover value as the car rises in price ???

G.

Mermaid

21,492 posts

172 months

Saturday 31st January 2015
quotequote all
Glenn McMenamin said:
Question for current owners.

Are you upping your insurance cover value as the car rises in price ???

G.
Every week I expect, now quoted in the FT biggrin

sidicks

25,218 posts

222 months

Saturday 31st January 2015
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RSVP911 said:
P.S engine swap out comp mentioned earlier at £K 15 is crazy - maybe one or two got > £k 10 , but most got way way less than this - it was x a week for registered cars for each week off the road - most were done within 5 months and as such comp was nice but not silly smile
My comp was around £7k (Feb-July)

RSVP911

8,192 posts

134 months

Saturday 31st January 2015
quotequote all
Glenn McMenamin said:
Question for current owners.

Are you upping your insurance cover value as the car rises in price ???

G.
I renewed mine recently ( about to expire) and upped the value to £K 135 , might need to revise again .

sidicks

25,218 posts

222 months

Saturday 31st January 2015
quotequote all
Glenn McMenamin said:
Question for current owners.

Are you upping your insurance cover value as the car rises in price ???

G.
This has been discussed on the main GT3 thread.

Unless you have a specialist 'agreed' value policy then the insurer will only pay out the "market value". However, to avoid any potential issues, I did up the declared value of the car from £125k (list price) to £165k (assumed £40k premium) as i think this would put me in a much stronger position if the worst happens and I need to make a claim.

Jon666

118 posts

127 months

Saturday 31st January 2015
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Other than potentially GT4 and the new RS I just have a feeling Porsche aren't going to be making any cars I want to buy for a very long time (turbos, hybrids etc). Hopefully I'm wrong but this small panic inside me will make me and other owners cling onto these cars regardless of values. They're changing hands just now as the speculators and less commited owners get flushed out but I can see market disappearing soon as these cars find their long term homes.

But whoever mentioned "Provenance" of a 6 month old 911?! Please.

Carl_Docklands

12,309 posts

263 months

Saturday 31st January 2015
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Jon666 said:
Other than potentially GT4 and the new RS I just have a feeling Porsche aren't going to be making any cars I want to buy for a very long time (turbos, hybrids etc). Hopefully I'm wrong but this small panic inside me will make me and other owners cling onto these cars regardless of values. They're changing hands just now as the speculators and less commited owners get flushed out but I can see market disappearing soon as these cars find their long term homes.

But whoever mentioned "Provenance" of a 6 month old 911?! Please.
rumour is that all GTS cars from the sports-car lineup in the next generational refresh will remain NA and will won't have Turbo engines.



Robbo66

3,836 posts

234 months

Saturday 31st January 2015
quotequote all
Glenn McMenamin said:
Question for current owners.

Are you upping your insurance cover value as the car rises in price ???

G.
Yes, 24% lift jn premium to cover to £150.

5517

1,952 posts

246 months

Saturday 31st January 2015
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ShakMan said:
Having got mine recently with almost delivery miles (and having paid a very significant premium), I now understand why the the 991GT3 IS THE best new car available south of 200k GBP.

You will find 9 out of 10 negative or indifferent comments here are from people who do not have a 991 GT3 and are just applying pre 991 gt3 car logic and getting it wrong.

ShakMan

179 posts

283 months

Saturday 31st January 2015
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5517 said:
You will find 9 out of 10 negative or indifferent comments here are from people who do not have a 991 GT3 and are just applying pre 991 gt3 car logic and getting it wrong.
Of course. Those who dont own one will talk it down, those who own one will talk it up !

But what is interesting is why do all the negative people here care so much ? ... I think its because they all hanker for one smile


GT3cs

1,201 posts

242 months

Saturday 31st January 2015
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RSVP911 said:
Agree , let's see how long it takes to go ? I see two other cars at indies at 145/149 ish - if dealer margin is £10/15 , then owner "profit" up on these cars is anywear from £ 10 to £ 25 .

So it leaves you with the question - if I sell to a dealer at absolute top top whack of £k 130 / £k 140 (sounds like OP's , £k 150 is a very good deal) , what do I do next


Edited by RSVP911 on Saturday 31st January 10:35
I know what I'm doing next ... GT4 .

I've had a fun 1603m . Great car , technically the best I've ever owned . Financially a very successful 2 months.

Going against the grain here but for some reason I didn't bond with car the way I expected, so it was easy to let go .

Maybe it was the time of year , maybe the value , maybe the colour ( 3rd white porsche in a row ) , maybe I just expected something more with all the build up .

The most impressive but also most annoying part of car for me was the box . Absolutely stunning shift change time and definitely the quickest solution for this car . But the amount of times I pulled out to overtake while not on a mission , on light throttle and it changed from 7th to 2nd and jumped 8000rpm made me look a t-t on a few occasions ! A small complaint I know .

The engine mighty impressive at 9000rpm but for me not quite the character of the metzger.

Pretty much no other issues but I didn't click with it . In the last few years I've gone 996.1 GT3 cs to 997.1 GT3 cs to Cayman R to 991 GT3 cs .

Slowest car of the bunch is probably the 996 but it's the car I wish was in the garage now . Didn't expect that .

I think the market will stay strong for these , and may climb further in the short term , build numbers should ensure that , but I'm ready to try the next thing .


RSVP911

8,192 posts

134 months

Saturday 31st January 2015
quotequote all
F
GT3cs said:
I know what I'm doing next ... GT4 .

I've had a fun 1603m . Great car , technically the best I've ever owned . Financially a very successful 2 months.

Going against the grain here but for some reason I didn't bond with car the way I expected, so it was easy to let go .

Maybe it was the time of year , maybe the value , maybe the colour ( 3rd white porsche in a row ) , maybe I just expected something more with all the build up .

The most impressive but also most annoying part of car for me was the box . Absolutely stunning shift change time and definitely the quickest solution for this car . But the amount of times I pulled out to overtake while not on a mission , on light throttle and it changed from 7th to 2nd and jumped 8000rpm made me look a t-t on a few occasions ! A small complaint I know .

The engine mighty impressive at 9000rpm but for me not quite the character of the metzger.

Pretty much no other issues but I didn't click with it . In the last few years I've gone 996.1 GT3 cs to 997.1 GT3 cs to Cayman R to 991 GT3 cs .

Slowest car of the bunch is probably the 996 but it's the car I wish was in the garage now . Didn't expect that .

I think the market will stay strong for these , and may climb further in the short term , build numbers should ensure that , but I'm ready to try the next thing .
Fair enough - I guess it's a little like that some times - only shame is you didn't get to experience one on dry roads with properly warm tyres as it is a completely different proposition - the grippiest thing in the world . I'm sure the GT4 , will be epic , enjoy smile

isaldiri

18,661 posts

169 months

Saturday 31st January 2015
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griff7 said:
EricE said:
Some guys on german forums suggest that there are owners that are on their third GT3 engine now.
They got a second engine replacement as directed by Zuffenhausen, complete with a nondisclosure agreement. Fun times if true. Can anybody confirm/deny this?
Saw quite a few in germany with problems including 4 Uk cars that went over for the weekend to the ring and only one drove home !Two others on ramps with oil chucked out everywhere and waiting for porsche to collect them.Could have been simple problems but the garage did not seem to think so.All of them had had new engines and run them in.
Anecdotal and 2nd hand but a friend who spends a lot of time at the ring has told me of the same. He has seen 3 cars with serious issues at Spa/Ring and 2 had replaced engines while the 3rd was a post recall build. I don't think the non disclosure agreement part is likely/possible though.

Mermaid

21,492 posts

172 months

Saturday 31st January 2015
quotequote all
RSVP911 said:
Fair enough - I guess it's a little like that some times - only shame is you didn't get to experience one on dry roads with properly warm tyres as it is a completely different proposition - the grippiest thing in the world . I'm sure the GT4 , will be epic , enjoy smile
The GT3 has really grown up, and a new target audience - the GT4 will probably be closer to the ethos of the "GT3" as we all know it.

Slippydiff

14,871 posts

224 months

Saturday 31st January 2015
quotequote all
RSVP911 said:
Fair enough - I guess it's a little like that some times - only shame is you didn't get to experience one on dry roads with properly warm tyres as it is a completely different proposition - the grippiest thing in the world . I'm sure the GT4 , will be epic , enjoy smile
Hi Richard, I hope you're well ?
I've a feeling there's more to it than just being able to experience the car on dry roads and thus being able to experience the impressive grip.
I've not driven a 991 GT3 (and truth be known, I've no real desire to) as I realised with both my 997 GT3's that for me anyhow, it really wasn't about ultimate speed or indeed ultimate grip.

As you'll know with your stunning 2.7 RS rep, there's a huge amount of enjoyment to be be gained from it, more of the time and at lower speeds than in the 991.

Put bluntly, cars such as the 991 Turbo S, 991 GT3, Datsun GTR etc, just can't be driven on the road as their makers intended, designed and engineered them to be driven, they now centre so much on outright speed and efficiency, that reaching anything like their limits on the public road is well nigh impossible.

And whilst Porsche AG may have gone to great lengths to engineer some feel, feedback and tactility into the 991 GT3 (in comparison with the "cooking" 991 models). My guess is the car still falls way short of the 997 GT cars (which IMO short well fall of the 996 iterations)

I hope the GT4 provides what prospective owners are looking for, the signs are encouraging, partially I suspect because the GT4 will probably become the new 997/997 GT3, though I do wonder if once again Porsche AG will chase headline numbers, 'Ring times and neck snapping grip at the expense of real tactility and engagement........


sidicks

25,218 posts

222 months

Saturday 31st January 2015
quotequote all
Slippydiff said:
Hi Richard, I hope you're well ?
I've a feeling there's more to it than just being able to experience the car on dry roads and thus being able to experience the impressive grip.
I've not driven a 991 GT3 (and truth be known, I've no real desire to) as I realised with both my 997 GT3's that for me anyhow, it really wasn't about ultimate speed or indeed ultimate grip.

As you'll know with your stunning 2.7 RS rep, there's a huge amount of enjoyment to be be gained from it, more of the time and at lower speeds than in the 991.

Put bluntly, cars such as the 991 Turbo S, 991 GT3, Datsun GTR etc, just can't be driven on the road as their makers intended, designed and engineered them to be driven, they now centre so much on outright speed and efficiency, that reaching anything like their limits on the public road is well nigh impossible.

And whilst Porsche AG may have gone to great lengths to engineer some feel, feedback and tactility into the 991 GT3 (in comparison with the "cooking" 991 models). My guess is the car still falls way short of the 997 GT cars (which IMO short well fall of the 996 iterations)

I hope the GT4 provides what prospective owners are looking for, the signs are encouraging, partially I suspect because the GT4 will probably become the new 997/997 GT3, though I do wonder if once again Porsche AG will chase headline numbers, 'Ring times and neck snapping grip at the expense of real tactility and engagement........
Why guess?

Mermaid

21,492 posts

172 months

Saturday 31st January 2015
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sidicks said:
Why guess?
Fanboi wink

Have you driven the 6 or 7GT3?