2007 Green Porsche 997 GT3 RS - Wise investment?
Discussion
HypeM135i said:
You guys have got it all wrong, yes of course I'm buying it to drive and enjoy it - it's my dream car above anything all I was asking is will it hold its value and carry on increasing?
You only live once mate - and you don't need to be spending £200k either - http://www.jzmporsche.com/porsche-for-sale/911/997...I say go for it, drive and enjoy it and share your ownership experiences with all of us on here. And be sure to take it to the Nurburgring too - it's spiritual home
If your primary reason for buying is driving/ownership experience..... just buy now....whilst prices are toppy you probably won t lose much plus you will benefit from 'Summer ' use and there could even still be upside value wise even at these levels in the medium term providing you secure the right car.
But if your main purchasing decision is for investment I would wait until the Autumn, after the referendum when things return to 'normal'....meantime buy gold/gold funds/aggressive Japan funds and cash in your profit in a few months.
But if your main purchasing decision is for investment I would wait until the Autumn, after the referendum when things return to 'normal'....meantime buy gold/gold funds/aggressive Japan funds and cash in your profit in a few months.
Edited by av185 on Sunday 12th June 14:56
HypeM135i said:
You guys have got it all wrong, yes of course I'm buying it to drive and enjoy it - it's my dream car above anything all I was asking is will it hold its value and carry on increasing?
The simple question to ask yourself is 'if I buy it and its value does drop by, say, 25%, can I afford the loss from a financial perspective'' if the answer to that is 'yes' then buy one. I'd also add, from a personal perspective, that owning a car worth a significant amount of money, whose value correlates with the amount of miles it has covered, makes me consider using it every time the opportunity arises. And I don't have to worry about any finance elements either!
So on your position, if I wanted a GT3 to drive and enjoy, I'd look for a high mileage case, ideally in RHD, but would be happy with an LHD if it came up. And I'd not bother looking for an RS at all. Especially if I had to finance half the value!
Whether financing is a good idea is a bit down to personal circumstances; personally i think the UK in general is expensive on car financing (compared to someplace like the US).
But if i was looking to spend circa £200k, i would look for a low mileage, gen 2 RS, preferably a one or maybe 2 owner example. Take your time and find the right spec (ex lifting system i think is desirable), and although you may love green, i cant help but feel more "classic" colours would appeal to more people since you are thoughtful of future liquidity- as long as you are not piling on the mileage, buy a quality example and still enjoy it!
As for the broader market, as long as rates are low i'm aftaid the party will keep on going...
But if i was looking to spend circa £200k, i would look for a low mileage, gen 2 RS, preferably a one or maybe 2 owner example. Take your time and find the right spec (ex lifting system i think is desirable), and although you may love green, i cant help but feel more "classic" colours would appeal to more people since you are thoughtful of future liquidity- as long as you are not piling on the mileage, buy a quality example and still enjoy it!
As for the broader market, as long as rates are low i'm aftaid the party will keep on going...
Edited by London335igb on Monday 13th June 17:36
London335igb said:
Whether financing is a good idea is a bit down to personal circumstances; personally i think the UK in general is expensive on car financing (compared to someplace like the US).
But if i was looking to spend circa £200k, i would look for a low mileage, gen 2 RS, preferably a one or maybe 2 owner example. Take your time and find the right spec (ex lifting system i think is desirable), and although you may love green, i cant help but feel more "classic" colours would appeal to more people since you are thoughtful of future liquidity- as long as you are not piling on the mileage, buy a quality example and still enjoy it!
As for the broader market, as long as rates are low i'm aftaid the party will keep on going...
Do you have a car in mind?But if i was looking to spend circa £200k, i would look for a low mileage, gen 2 RS, preferably a one or maybe 2 owner example. Take your time and find the right spec (ex lifting system i think is desirable), and although you may love green, i cant help but feel more "classic" colours would appeal to more people since you are thoughtful of future liquidity- as long as you are not piling on the mileage, buy a quality example and still enjoy it!
As for the broader market, as long as rates are low i'm aftaid the party will keep on going...
Values are at an all time high and speak to most dealers, it is already harder to sell than it was. A lot harder. I would be patient. But it might take a few years for a big reversal. Interest rate movements basically, of a meaningful level. We are now in a new normal of interest levels, but you can expect them to go back to 2-2.5% long term. That will hit alternative investments and be passed straight onto those with debt. People have used cheap debt to buy stuff since 08 and here we are. I have a mortgage of 750k and its at about 2% from memory, I used that money for cars. Others will have done the same, they might want to sell when the payments double or treble. It wont happen overnight but if you are investing, then you'd be a fool to ignore this. You are buying in at the top and arguably after it. Also you pay a big premium for a green car, I used to have one. It is a nice colour but so is the orange, it also made bugger all difference when I was behind the wheel.
Personally if the money is potentially life changing, don't do it. Buy something that feels like sensible money. Maybe a 996 GT3 or 997 GT3?
Personally if the money is potentially life changing, don't do it. Buy something that feels like sensible money. Maybe a 996 GT3 or 997 GT3?
Oh and I have owned all the recent Porsches of note, the best for me was the 3.8 GT3. Great on the road, great on the track. Look at those too. Yes they are over valued too but they were 80k for a good one and you could get one today for 110k or so, so you are talking 30K over the bottom of the curve. With an 7 RS you are talking more like 60-80k of potential downside.
pistolp said:
Oh and I have owned all the recent Porsches of note, the best for me was the 3.8 GT3. Great on the road, great on the track. Look at those too. Yes they are over valued too but they were 80k for a good one and you could get one today for 110k or so, so you are talking 30K over the bottom of the curve. With an 7 RS you are talking more like 60-80k of potential downside.
That is a very fair point.I also agree with the earlier post about the 991.2 GT3 being manual....that may have an impact on 997's as a lot of their appeal is in the fact they were the last manual GT3.
Cheib said:
I also agree with the earlier post about the 991.2 GT3 being manual....that may have an impact on 997's as a lot of their appeal is in the fact they were the last manual GT3.
Except the Mezger charm and smaller body, more analogue will forever enjoy a premium. And limited numbers vis-a-vis the 991 GT3 versions.pistolp said:
Values are at an all time high and speak to most dealers, it is already harder to sell than it was. A lot harder. I would be patient. But it might take a few years for a big reversal. Interest rate movements basically, of a meaningful level. We are now in a new normal of interest levels, but you can expect them to go back to 2-2.5% long term. That will hit alternative investments and be passed straight onto those with debt. People have used cheap debt to buy stuff since 08 and here we are. I have a mortgage of 750k and its at about 2% from memory, I used that money for cars. Others will have done the same, they might want to sell when the payments double or treble. It wont happen overnight but if you are investing, then you'd be a fool to ignore this. You are buying in at the top and arguably after it. Also you pay a big premium for a green car, I used to have one. It is a nice colour but so is the orange, it also made bugger all difference when I was behind the wheel.
Personally if the money is potentially life changing, don't do it. Buy something that feels like sensible money. Maybe a 996 GT3 or 997 GT3?
great, sensible postPersonally if the money is potentially life changing, don't do it. Buy something that feels like sensible money. Maybe a 996 GT3 or 997 GT3?
Looking at the Gen 1 997 GT3 (narrow bodied, 415bhp, no single mass flywheel (but could be), five stud wheels (good for a spare set of wheels with all weather tyres) --- the clubsport is so close to an RS without the RS premium --- many commentators at the time said that was the sweet spot in terms of value.
In fact haven't Total 911 just voted this as their GT3 of choice ?
With the RS premium, it's more so now than ever ! Manual and Mezger and --- there are fewer Clubsports than there were RS --- I reckon 50 vs 140 UK RHD ?
In fact haven't Total 911 just voted this as their GT3 of choice ?
With the RS premium, it's more so now than ever ! Manual and Mezger and --- there are fewer Clubsports than there were RS --- I reckon 50 vs 140 UK RHD ?
mollytherocker said:
Lordglenmorangie said:
I bought my Porsche to drive , having a car that lost value because I used it would be depressing .
All cars lose value when you drive them. Even those that are appreciating, appreciate less.There is no way out of this.
mollytherocker said:
All cars lose value when you drive them. Even those that are appreciating, appreciate less.
There is no way out of this.
Wrong. Classic case are not mileage dependant and benefit from being used. Nobody cares about the actual mileage of a DB4 or 2.7 RS for the matter. There is no way out of this.
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