997 gt3 prices

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GT4RS

Original Poster:

4,428 posts

197 months

Wednesday 6th May 2015
quotequote all
There's plenty for sale now and have been for a number of weeks.

Have prices now risen to the point people are not so quick to jump on the gt3 band wagon?



GT4RS

Original Poster:

4,428 posts

197 months

Thursday 7th May 2015
quotequote all
fredt said:
PorscheGT4 said:
And a massive correction coming when interest rates go up.
Care to tell when this is happening?
In my opinion price's of these cars will drop before interest rates go up. Buyers dictate sale prices, way to many greedy people getting carried away with there pricing. The silver 997 gt3 currently advitised is a prime example of this. This is a 65k car tops not 78k!


GT4RS

Original Poster:

4,428 posts

197 months

Thursday 7th May 2015
quotequote all
V8KSN said:
GT4RS said:
In my opinion price's of these cars will drop before interest rates go up. Buyers dictate sale prices.
Are you looking to buy a 997 GT3?
Not this year!

GT4RS

Original Poster:

4,428 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?





GT4RS

Original Poster:

4,428 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
GT4RS said:
V8KSN said:
Ah, I see. Now I know why you have started this thread on 997 GT3 values.

Good luck with your search, hope you find one at the price you want to pay.
I started this thread as I was shocked on the number of GT3 cars currently for sale. Historically there are very few cars for sale during the months of May/ June and July. This would indicate to me that the market is starting to change. A lot of cars have been bought by people looking to make a quick buck over the last 18 months.

In my opinion they have reached there price limited and the people in it for the money are starting bail out of the market.

I guess the question we need to ask is how many of the current buyers feel a 8 year old 997 GT3 with 35k on the clock really worth 75 to 80k?
Why does it matter to you?
The answer to that question is quite obvious, I'm on this forum because I have an interest Porsche gt3 cars.

GT4RS

Original Poster:

4,428 posts

197 months

Saturday 9th May 2015
quotequote all
V8KSN said:
GT4RS said:
The answer to that question is quite obvious, I'm on this forum because I have an interest Porsche gt3 cars.
Interested in buying or interested in selling?

If you are interested in buying one I can understand why you are frustrated at how their values have risen over the past 2 years.
I have already answered this question?

Not this year!

GT4RS

Original Poster:

4,428 posts

197 months

Tuesday 12th May 2015
quotequote all
It looks very nice apart from the boy racer bits in the engine bay

GT4RS

Original Poster:

4,428 posts

197 months

Friday 15th May 2015
quotequote all
Seems other people also becoming wise to the gt3 greed!

GT4RS

Original Poster:

4,428 posts

197 months

Saturday 16th May 2015
quotequote all
Let's face it I bet most of the 996 / 997 gt3 currently for sale need at least 5 grand spending on them.

People jump ship when money needs to be spent, and the ones who think they can make a quick buck will now bail without spending.

As with any second hand Porsche it's best to pay an independent specialist to check it out before purchase. If the seller won't allow walk away.

70k for a 8 to 10 year old Porsche that needs work does not = bargain in my book!

GT4RS

Original Poster:

4,428 posts

197 months

Saturday 16th May 2015
quotequote all
Let's face it I bet most of the 996 / 997 gt3 currently for sale need at least 5 grand spending on them.

People jump ship when money needs to be spent, and the ones who think they can make a quick buck will now bail without spending.

As with any second hand Porsche it's best to pay an independent specialist to check it out before purchase. If the seller won't allow walk away.

70k for a 8 to 10 year old Porsche that needs work does not = bargain in my book!

GT4RS

Original Poster:

4,428 posts

197 months

Sunday 17th May 2015
quotequote all
pete a said:
1st off good luck getting a good low miles one for 70k, more like somewhere between 75-90k depending upon mile, condition and who you buy from.

Like a lot of Porsche models the prices have gone up to a point where people are priced out of them, just look at a gen 2 RS.

You clearly want one else you wouldn't have started this thread, I think they will keep going up so if you do want one I'd get one now before they get higher or none for sale like the 996 . It wasn't long ago that there were loads of 996 GT3's in the classifieds at 40k with no one buying them, look how that panned out.
You may want to have a read about 991 gt3 values

They are not currently going up, 997 / 996 will shortly follow suit.