The £150,000 GT3 has arrived as predicted

[Bieldside]

I can assure you that I was offered £150,000 for my black GT3 . That's a hard fact so its not theory at all

I was possibly lucky that the specialist only wanted a black GT3 with a high spec for a client

But the offer was in writing and payment was at point of collection

[hondansx]

Phooey said:

hondansx said:

If people are thinking their GT3 as an investment then - IMO - sell up now because you are going to lose money.

+1. I'll eat my chuff if this GT3 becomes an investment. I think the only way the GT3 stands ANY hope of holding it's value is if the RS has the same engine and Porsche adapt it for racing. As the standard 911 progress's people will slowly lose interest. I can't help but see the 991 GT3 as a bit of a fake. sorry

For me, people are getting really excited about Porsche pricing but tend to ignore that you can get an a Gen 1 997 GT3 for £60-70k. Don't get me wrong, that's still excellent residuals, but it's not an 'investment'.

To add to your comment, 991 depreciation will be helped if the RS is so extreme to the point it is a terrible road car.

[itsybitsy]

Sandy59 said:

With ref to DVLA info, I'm not sure exactly how it all works, is it possible many are the same cars being sold and re-registered with new owners ??

It is cars registered new for the first time private plate or not!
It is known on the dvla site as VEH 0160 and will be updated in April for period ending 4 th qtr 2014.
There are also other lists(all starting VEH) giving other info ie taxed/ sorn etc
This is more accurate than the how many left site which is where said site gets its data

Edited by itsybitsy on Friday 30th January 11:21

[APOLO1]

hondansx said:

If people are thinking their GT3 as an investment then - IMO - sell up now because you are going to lose money.

Despite being a 991 GT3 owner, i think it will become fairly unloved overs the next few years. The reasons why i think this is:

- GT3 RS will be awesome and grab the headlines
- Gen 2 cars are always better
- We are just getting started with technology, the 991.1 GT3 won't stand out for anything in particular
- As cars get more advanced, there will be even greater demand for Mezger/manual GT3s

I agree the RS will be a great car but so is the 991GT3, in fact if they had come out and said right "that's the 991RS" in place of the GT3, no one would have batted an eye lid, the 991GT3 really is that good.

As for the point with regard to the Halo cars, ie the GTS Turbo S etc being available early on in the run, that's because the 991 platform is a much longer run than the 6/7s, if they wanted till the end of the run to bring em out, they would just be outdated in relation to counter parts...along with tech is moving forward at a very fast pace now days..

[sidicks]

hondansx said:

If people are thinking their GT3 as an investment then - IMO - sell up now because you are going to lose money.

I don't think many people bought the car as an investment - anyone who did would have been scared off during the engine problems last year.

However, I think some owners (me included) do have financial constraints and there comes a point when, however good the car is, it makes sense to cash in the profit.

hondansx said:

Despite being a 991 GT3 owner, i think it will become fairly unloved overs the next few years. The reasons why i think this is:
- GT3 RS will be awesome and grab the headlines
- Gen 2 cars are always better

Irrelevant. Due to lack of availability.

hondansx said:

- We are just getting started with technology, the 991.1 GT3 won't stand out for anything in particular

A strange claim given the changes compared to previously versions.

hondansx said:

- As cars get more advanced, there will be even greater demand for Mezger/manual GT3s

Or one that is a compromise between the old and new!

[Phooey]

I think people also tend to forget that only a month or so ago there were plenty of cars at 125/130k, and they were taking weeks to sell, not days or minutes

[APOLO1]

Phooey said:

I think people also tend to forget that only a month or so ago there were plenty of cars at 125/130k, and they were taking weeks to sell, not days or minutes

That's because its out on the NO Gen 2s on the 3 and RS, (991)

[Jeweller70]

Please enlighten me to who will pay 150k for my car

[Richie200]

sidicks said:

Or one that is a compromise between the old and new!

Not quite, the 991 GT3 engine is modular, sharing many components across the 991range. The only reason for this is cost cutting with ease of manufacturing processes, interchangeability et cetera. The Metzger is a million miles away from this in terms of ethos, design, cost, development...

[sidicks]

Richie200 said:

Not quite, the 991 GT3 engine is modular, sharing many components across the 991range. The only reason for this is cost cutting with ease of manufacturing processes, interchangeability et cetera. The Metzger is a million miles away from this in terms of ethos, design, cost, development...

As has been discussed previously, there are minimal components shared between the 9A1 engine in base cars compared to the GT3.

[DT398]

APOLO1 said:

isaldiri said:

New car regs are vs each car as it is issued a plate and not vs the owner I believe.

This is what I understood for a while, but then throw in to the mix, new vechiles are reg on private plates, that go back on to certs of retention, and new reg nos are issued, also add in that we all had to have new V5s, ie, new engine nos, etc...sure you get the drift...

Edited by APOLO1 on Friday 30th January 08:23

I'm pretty sure One VIN number = One registration = One V5 and that's that. Private plates, owners, engine changes etc are irrelevant.

As long as we don't get too excited and think that we can ALL cash out at £170k, everything will be fine.

[DT398]

Jeweller70 said:

Please enlighten me to who will pay 150k for my car

Someone might, but I will do mine (CS, ceramics, lift leather, <500 miles, etc) for £149k and so it begins.....

How many times in the past have we seen assets go bonkers like this and how many times have we seen the same result in the end? I see the 991 GT3 as relatively safe in terms of depreciation in the medium term but something better will be along soon. Still, shows what a great car it is that (IMHO) most people will hang on to them despite the temptation of some £k of profit. Just shows that there's (currently) nowhere else to go.

[Richie200]

sidicks said:

Richie200 said:

Not quite, the 991 GT3 engine is modular, sharing many components across the 991range. The only reason for this is cost cutting with ease of manufacturing processes, interchangeability et cetera. The Metzger is a million miles away from this in terms of ethos, design, cost, development...

As has been discussed previously, there are minimal components shared between the 9A1 engine in base cars compared to the GT3.

Minimal??? Have a look here:
http://rennlist.com/forums/991-gt3/854299-991-gt3-...

Someone has spent a considerable time comparing the 9A1 engine in it's various configurations. Makes for some interesting reading

There seem to be some misconceptions regarding the GT3's engine, and exactly how similar to the regular Carrera, Cayman and Boxster motors it is. Some have repeated a quote suggesting just four parts of the regular 9A1 are retained. In fact they are far more similar, but there are a number of key difference that set the GT3's engine apart.

[DT398]

Richie200 said:

Minimal??? Have a look here:
http://rennlist.com/forums/991-gt3/854299-991-gt3-...

Someone has spent a considerable time comparing the 9A1 engine in it's various configurations. Makes for some interesting reading

There seem to be some misconceptions regarding the GT3's engine, and exactly how similar to the regular Carrera, Cayman and Boxster motors it is. Some have repeated a quote suggesting just four parts of the regular 9A1 are retained. In fact they are far more similar, but there are a number of key difference that set the GT3's engine apart.

Awesome. I love it when someone turns up with the facts that normally aren't allowed in the way of a good story.

[sidicks]

Richie200 said:

Minimal??? Have a look here:
http://rennlist.com/forums/991-gt3/854299-991-gt3-...

Someone has spent a considerable time comparing the 9A1 engine in it's various configurations. Makes for some interesting reading

There seem to be some misconceptions regarding the GT3's engine, and exactly how similar to the regular Carrera, Cayman and Boxster motors it is. Some have repeated a quote suggesting just four parts of the regular 9A1 are retained. In fact they are far more similar, but there are a number of key difference that set the GT3's engine apart.

Thanks for this - I certainly never claimed it was just 4 parts that were different!

My understanding is that the basic block is the same but the important components are different (with many seemingly shared with the RS..)

[InsideDealings]

Just to assist with the EU and VAT questions.

If a car is registered to a private person within the EU then it is effectively taxes paid. HOWEVER the car MUST be 6 months old AND 6,000kms or when a car is re registered within another EU country other than that it was originally delivered in then VAT is payable again.

And to answer your question before you ask it, YES if your car is 3, 4, 5 years old (however old) and is under 6,000kms then VAT is payable again so I advise you all to be very careful when looking to buy a car that appears cheap overseas.

[InsideDealings]

Just to assist with the EU and VAT questions.

If a car is registered to a private person within the EU then it is effectively taxes paid. HOWEVER the car MUST be 6 months old AND 6,000kms or when a car is re registered within another EU country other than that it was originally delivered in then VAT is payable again.

And to answer your question before you ask it, YES if your car is 3, 4, 5 years old (however old) and is under 6,000kms then VAT is payable again so I advise you all to be very careful when looking to buy a car that appears cheap overseas.

[5517]

InsideDealings said:

Just to assist with the EU and VAT questions.

If a car is registered to a private person within the EU then it is effectively taxes paid. HOWEVER the car MUST be 6 months old AND 6,000kms or when a car is re registered within another EU country other than that it was originally delivered in then VAT is payable again.

And to answer your question before you ask it, YES if your car is 3, 4, 5 years old (however old) and is under 6,000kms then VAT is payable again so I advise you all to be very careful when looking to buy a car that appears cheap overseas.

Hmmmmm.... well how are the c98 Cyprus cars with del miles being sold in uk as VAT qualifying?

[berty37]

Apolo1

As for the point with regard to the Halo cars, ie the GTS Turbo S etc being available early on in the run, that's because the 991 platform is a much longer run than the 6/7s, if they wanted till the end of the run to bring em out, they would just be outdated in relation to counter parts...along with tech is moving forward at a very fast pace now days..

With respect David, I dont doubt at all about these being halo cars I am simply pointing out that into 3 years or so into the 991 'platform' there has been already a large choice of cars available- c2/c4/c2s/c4s, turbo/turbo s/gts/gts4/targa and now targa gts. With the engine being replaced early on in the GT3 that delayed plans for then the RS - so much so it seems they have not seemingly used a 'beefed up' 9A1 unit but something new - I am sure to certain extents it will be similar but it has been enough to make them go back to the drawing board so to speak. So if you are indeed correct and the 991 platform will be far longer than the 996 and 997 were, it simply does not make sense for them not to do another NA GT3.

[isaldiri]

InsideDealings said:

Just to assist with the EU and VAT questions.

If a car is registered to a private person within the EU then it is effectively taxes paid. HOWEVER the car MUST be 6 months old AND 6,000kms or when a car is re registered within another EU country other than that it was originally delivered in then VAT is payable again.

And to answer your question before you ask it, YES if your car is 3, 4, 5 years old (however old) and is under 6,000kms then VAT is payable again so I advise you all to be very careful when looking to buy a car that appears cheap overseas.

you would in this case be able to reclaim the VAT paid originally in the EU country of origin though in this case rather than having to have paid VAT twice inside the EU?