Interesting video on the problems with GT3 speculators
Discussion
Not sure if this has been posted, but it's an iInteresting video on how people are losing money on 911's and GT3's.
The Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
The Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
g7jhp said:
Not sure if this has been posted, but it's an iInteresting video on how people are losing money on 911's and GT3's.
The Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
it was bullsThe Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
t vid I guess which I did not listen to as who makes 34 minutes you tube vids ! , take a look why his very same mate sold the GT4 lol now he sold a GT3 and has bought a Lotus which will loose £30k in 12months. so he bought 2 x flipped GT cars, and now has bought a new Lotus, he must love flushing money down a toilet or did not mind and just wanted the cars, still cheaper than PCPing and Audi TT one might add.only people making money with Porsche are flippers, any one who buys a flipped car will loose money, it's pretty simple to understand.
he could have said that in 3 minutes.
Porsche911R said:
it was bullst vid I guess which I did not listen to as who makes 34 minutes you tube vids ! , take a look why his very same mate sold the GT4 lol now he sold a GT3 and has bought a Lotus which will loose £30k in 12months. so he bought 2 x flipped GT cars, and now has bought a new Lotus, he must love flushing money down a toilet or did not mind and just wanted the cars, still cheaper than PCPing and Audi TT one might add.
only people making money with Porsche are flippers, any one who buys a flipped car will loose money, it's pretty simple to understand.
he could have said that in 3 minutes.
Have to say... I watched the video and thought pretty much the same.t vid I guess which I did not listen to as who makes 34 minutes you tube vids ! , take a look why his very same mate sold the GT4 lol now he sold a GT3 and has bought a Lotus which will loose £30k in 12months. so he bought 2 x flipped GT cars, and now has bought a new Lotus, he must love flushing money down a toilet or did not mind and just wanted the cars, still cheaper than PCPing and Audi TT one might add.only people making money with Porsche are flippers, any one who buys a flipped car will loose money, it's pretty simple to understand.
he could have said that in 3 minutes.
The problem is people like his mate.. that think this type of car is an investment or a bond and shouldn't lose money and will lose more money as money and age increase.
His mate thought he could cash in on the game.. but found it too rich for his pocket. He tried it on the GT4 and lost, and then doubled down on the .1 GT3 even though they try to explain it away by saying they knew the .2 was around the corner... he didn't get a list allocation and so then thought that supply will be so restricted it won't affect .1 values too much... only to find every man and his dog has got a .2 and then most of them are being flipped anyway.
I think he has now decided to stop playing the game and just buy a car he wants to experience in the Lotus... and hopefully he'll just enjoy it and not think about the even more rampant depreciation on that!.
Never mix your words David (911R). I did say interesting. 
Agree 34 mins is far too long for a YouTube vid.
More people should watch it and understand that they're unlikely to make money from buying GT3/ GT4 (unless they get a brand new one which they flip get lucky in a rising market).
Agree 34 mins is far too long for a YouTube vid.
More people should watch it and understand that they're unlikely to make money from buying GT3/ GT4 (unless they get a brand new one which they flip get lucky in a rising market).
g7jhp said:
More people should watch it and understand that they're unlikely to make money from buying GT3/ GT4 (unless they get a brand new one which they flip get lucky in a rising market).
This is the long and short of it yep. Thereafter you should be buying because you want the car/experience. Values shouldn't come into it.
Aa someone who regularly buys Porsches, including RS models, I would never pay a cent in premium; nor do I have the slightest interest in flipping.
I hear all these discussions on value all the time, and I think its just a market thing. My personal view is to drive the things and take the depreciation should it occur. So my cars will not be pristine with delivery mileages.They are very well maintained, but they get tracked and so on. But, the result is they will be worth less . Yet, I will have experienced them the way they were meant to be experienced, and thats worth a lot more to me than staring at them in the garage.
I dit not think the vid was bad, just a little too long.
I hear all these discussions on value all the time, and I think its just a market thing. My personal view is to drive the things and take the depreciation should it occur. So my cars will not be pristine with delivery mileages.They are very well maintained, but they get tracked and so on. But, the result is they will be worth less . Yet, I will have experienced them the way they were meant to be experienced, and thats worth a lot more to me than staring at them in the garage.
I dit not think the vid was bad, just a little too long.
RDMcG said:
Aa someone who regularly buys Porsches, including RS models, I would never pay a cent in premium;
for 80%paying overs is the only way to get one (and some times cheaper than playing OPC games), every GT car classic car or rare car in the Porsche range you have to pay overs for 2nd hand.I whish I could regularly buy RS Porsches below list or at list, you are a very lucky chap.
...............Aa someone who regularly buys Porsches, including RS models, I would never pay a cent in premium; nor do I have the slightest interest in flipping..............
I salute your stance on the flipping Sir, but as someone who regularly buys Porsches, with only a limited relationship with OPCs, paying a premium 'is what it is' for me and many others and I am a proper, card carrying enthusiast who does not buy these cars because they might make a few bob - for people like me, they just won't
You may or may not appreciate just how lucky you are to be able to make that statement - I strongly suspect you are given your flipping comment and your garage contents - thankfully at least some of these cars end up 'in the right hands'
re the vid - stick to the day job, what a long winded diatribe...............jeepers
g7jhp said:
Not sure if this has been posted, but it's an iInteresting video on how people are losing money on 911's and GT3's.
The Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
Click bait title. Soon to be followed up with (intentional caps) 'HOW TO GET A GT CAR AND DISCOUNT FROM YOUR PORSCHE DEALERSHIP'The Truth About Buying Porsche GT Cars That Everyone Knows, But Is Afraid To Say
Most YouTube car videos are like candy floss - a small stick at the centre of a sh*t load of fluff designed to drag a video out long enough to garner as many media insertion fees from advertisers as the audience is willing to tolerate.
Ocean Finance should sponsor these videos.
Upnorthgt3 said:
...............Aa someone who regularly buys Porsches, including RS models, I would never pay a cent in premium; nor do I have the slightest interest in flipping..............
I salute your stance on the flipping Sir, but as someone who regularly buys Porsches, with only a limited relationship with OPCs, paying a premium 'is what it is' for me and many others and I am a proper, card carrying enthusiast who does not buy these cars because they might make a few bob - for people like me, they just won't
You may or may not appreciate just how lucky you are to be able to make that statement - I strongly suspect you are given your flipping comment and your garage contents - thankfully at least some of these cars end up 'in the right hands'
re the vid - stick to the day job, what a long winded diatribe...............jeepers
I do understand that it’s not easy. I only deal with a single dealer and within that dealer a single sales person and a single service person. I only service my cars at that dealer. I also put my name down long before a car is announced so have myself down for a 992RS. I salute your stance on the flipping Sir, but as someone who regularly buys Porsches, with only a limited relationship with OPCs, paying a premium 'is what it is' for me and many others and I am a proper, card carrying enthusiast who does not buy these cars because they might make a few bob - for people like me, they just won't
You may or may not appreciate just how lucky you are to be able to make that statement - I strongly suspect you are given your flipping comment and your garage contents - thankfully at least some of these cars end up 'in the right hands'
re the vid - stick to the day job, what a long winded diatribe...............jeepers
Even so I would be very unlikely to be able to get a GT2RS or to do some kind of late order after a car is announced and the reviews come in. Typically by the time test mules are spotted and the rumour mill starts the dance begins.
I was aware of the silly prices being paid for the 991.1 RS when they came out and of course they have dropped a lot which is good for buyers and not for flippers. They are not that rare like a 997 4.0 but even that gets a monster premium over the 3.8 which is nearly as good.
As for the 911R I never understood it given the likelihood of the .2 GT3 manual and now the GT3 Touring. I did have a shot st one of those but did not go for it.
I think the market will correct itself. The list price for these cars is good value but not some kind of bargain basement price. I certainly hope so as these cars deserve to be driven and not treated as personal adornment. If not there will be massive numbers of cars with delivery miles and will not increase in value over the long term.
The reality is that we are coming to the end of internal combustion sadly and increasing regulation and enforcement is making life less fun . Ultimately future electric productts will be faster and leave all these cars as interesting artifacts of the end of an era.
RDMcG said:
Upnorthgt3 said:
...............Aa someone who regularly buys Porsches, including RS models, I would never pay a cent in premium; nor do I have the slightest interest in flipping..............
I salute your stance on the flipping Sir, but as someone who regularly buys Porsches, with only a limited relationship with OPCs, paying a premium 'is what it is' for me and many others and I am a proper, card carrying enthusiast who does not buy these cars because they might make a few bob - for people like me, they just won't
You may or may not appreciate just how lucky you are to be able to make that statement - I strongly suspect you are given your flipping comment and your garage contents - thankfully at least some of these cars end up 'in the right hands'
re the vid - stick to the day job, what a long winded diatribe...............jeepers
I do understand that it’s not easy. I only deal with a single dealer and within that dealer a single sales person and a single service person. I only service my cars at that dealer. I also put my name down long before a car is announced so have myself down for a 992RS. I salute your stance on the flipping Sir, but as someone who regularly buys Porsches, with only a limited relationship with OPCs, paying a premium 'is what it is' for me and many others and I am a proper, card carrying enthusiast who does not buy these cars because they might make a few bob - for people like me, they just won't
You may or may not appreciate just how lucky you are to be able to make that statement - I strongly suspect you are given your flipping comment and your garage contents - thankfully at least some of these cars end up 'in the right hands'
re the vid - stick to the day job, what a long winded diatribe...............jeepers
Even so I would be very unlikely to be able to get a GT2RS or to do some kind of late order after a car is announced and the reviews come in. Typically by the time test mules are spotted and the rumour mill starts the dance begins.
I was aware of the silly prices being paid for the 991.1 RS when they came out and of course they have dropped a lot which is good for buyers and not for flippers. They are not that rare like a 997 4.0 but even that gets a monster premium over the 3.8 which is nearly as good.
As for the 911R I never understood it given the likelihood of the .2 GT3 manual and now the GT3 Touring. I did have a shot st one of those but did not go for it.
I think the market will correct itself. The list price for these cars is good value but not some kind of bargain basement price. I certainly hope so as these cars deserve to be driven and not treated as personal adornment. If not there will be massive numbers of cars with delivery miles and will not increase in value over the long term.
The reality is that we are coming to the end of internal combustion sadly and increasing regulation and enforcement is making life less fun . Ultimately future electric productts will be faster and leave all these cars as interesting artifacts of the end of an era.
Re the R - likewise - I would be VERY upset if I had paid out £500k for one of those - makes this vid seem ever more pertinent...............
https://www.youtube.com/watch?v=UIzOLNzytjM
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