997.1 GT3 - 911 Virgin

[FocusRS3]

CrashBang said:

Maybe so but the prices are not softening -

That may be more denial than anything else

[Digga]

FocusRS3 said:

CrashBang said:

Maybe so but the prices are not softening -

That may be more denial than anything else

Denial of what?

Cars are selling. At the end of last year, there was some concern for the more rarefied over £100k market, but that's demonstrably functioning, certainly at JZM at any rate!

The less rarefied end of the market seems to be fluid too, with people buying 996 and 997.1 'plain' GT3s.

The future is clear, they (not Porsche, or anyone else) are not ever going to make pure, unfiltered, analogue driver's cars again. Anyone looking for one has to buy used.

[FocusRS3]

Steve Rance said:

The 996RS at JZM sold very quickly at circa £170K a week or 2 ago.

Based on this thread someone probably paid £150k too much for it though

Wow that's a good number

[1WEL]

https://www.pistonheads.com/classifieds/used-cars/...

I know its LHD, but £95k for an RS, it looks good value

[FocusRS3]

1WEL said:

https://www.pistonheads.com/classifieds/used-cars/...

I know its LHD, but £95k for an RS, it looks good value

Ive had a LHD 911 in the UK and its just a ball ache.

It was fun for about 5 minutes

[GT4RS]

1WEL said:

https://www.pistonheads.com/classifieds/used-cars/...

I know its LHD, but £95k for an RS, it looks good value

For 11k more you could of recently bought a rhd version with only 8k on the clock.

It doesn’t appear as a lhd bargin to me.

Be a hard well now

[Kettmark]

RC1 said:

this little beastie still up for grabs though...

https://www.simonsofshropshire.co.uk/used-porsche-...

Appears to have disappeared from their website. Anyone from here the new owner?
RC1

[RC1]

Not me.

Did you get the buckets into yours? Any pics?

[Kettmark]

RC1 said:

Not me.

Did you get the buckets into yours? Any pics?

Should be all done tomorrow. Been a few unforseen delays out of my hands unfortunately. Will post pics when I get a chance😉

[RC1]

the race to the bottom has begun.. the two white CS's are now down to 80

https://www.pistonheads.com/classifieds/used-cars/...

https://www.pistonheads.com/classifieds/used-cars/...

[Desert Dragon]

RC1 said:

the race to the bottom has begun.. the two white CS's are now down to 80

https://www.pistonheads.com/classifieds/used-cars/...

https://www.pistonheads.com/classifieds/used-cars/...

Race to the bottom lol? Thats still more than list when new isn't it? Call me when they're £55-60k again

[Digga]

Desert Dragon said:

RC1 said:

the race to the bottom has begun.. the two white CS's are now down to 80

https://www.pistonheads.com/classifieds/used-cars/...

https://www.pistonheads.com/classifieds/used-cars/...

Race to the bottom lol? Thats still more than list when new isn't it? Call me when they're £55-60k again

They'd only have been more than £80k if they were on sale at a reputable dealer even when business was brisk.

Good cars, but I'd not say cheap yet.

[Desert Dragon]

Digga said:

Desert Dragon said:

RC1 said:

the race to the bottom has begun.. the two white CS's are now down to 80

https://www.pistonheads.com/classifieds/used-cars/...

https://www.pistonheads.com/classifieds/used-cars/...

Race to the bottom lol? Thats still more than list when new isn't it? Call me when they're £55-60k again

They'd only have been more than £80k if they were on sale at a reputable dealer even when business was brisk.

Good cars, but I'd not say cheap yet.

I don't think good cars will ever be cheap. One of the best cars Porsche has ever made IMO.

[RC1]

Even a non-optioned CS was more than 80 new

[GT4RS]

RC1 said:

Even a non-optioned CS was more than 80 new

IMO both of those will be a hard sell even at 80k

Privately they need to be more like 70k and even at that price I don’t think you will get a stampede.

Prices are only slowly being reduced by realistic sellers, the ones that have been for sale for over 6 months and that’s most of them are just speculative sales.

At this price point many would opt for the new 718 GT4 4.0

[anonymous-user]

I see the car this thread was started about is still for sale at 911V.......whereas every 997 C2S/C4S manual they have had in has flown out the doors

[PaulAlex]

"At this price point many would opt for the new 718 GT4 4.0"

Sadly not true - as most potential buyers will be told "thanks, but no thanks" due to the usual "only to our friends" sales policy.

[IMI A]

PaulAlex said:

"At this price point many would opt for the new 718 GT4 4.0"

Sadly not true - as most potential buyers will be told "thanks, but no thanks" due to the usual "only to our friends" sales policy.

I'd have the 718 subject to availability personally but for advanced drivers 7 GT3 far more rewarding. I snooped around that GT3 at 911v. Its mint and with track season now here should sell imo.

[Benja_Exige]

GT4RS said:

IMO both of those will be a hard sell even at 80k

Privately they need to be more like 70k and even at that price I don’t think you will get a stampede.

Prices are only slowly being reduced by realistic sellers, the ones that have been for sale for over 6 months and that’s most of them are just speculative sales.

At this price point many would opt for the new 718 GT4 4.0

I agree with this apart from the last point, as I think the person who wants a 996/997 GT3 is now somewhat different to the person that wants a shiny new GT4 (ignoring whether they could actually get one or not).

I looked seriously in July last and again recently. I've even made cash offers on x3 cars which have been politely declined or ignored.

I posted the following back in July last year which I still hold to (demonstrated by the fact I still don't own a GT3 )

Me last year in July 2018 said:

I’m in the market so watch reasonably closely and mainly observe the stagnation; cars just don’t move.

I’m not interested in getting a GT3 as an investment, it’s a car..to drive. Equally I don’t want to be crystallising a return on someone else’s investment and subsequently take a bath.

I think some of the inertia must be due to the predominance of SOR and unwillingness of the seller to not take the return they’d forecast or actually even a loss.

Where my head is at for a 996/997 non-RS clean/usable car requires adjustment from today’s prices.

996.1/2 = £55-65k rather than £65-£75k
997.1 = £60-75k rather than £75-£90k
997.2 = £85-100k rather than £105-120k

I’m not making any market forecasts or saying I’m right, I’m just illustrating MY current thinking. If I’m wrong that’s fine, I just won’t be driving a GT3.

[Digga]

Benja_Exige said:

I agree with this apart from the last point, as I think the person who wants a 996/997 GT3 is now somewhat different to the person that wants a shiny new GT4 (ignoring whether they could actually get one or not).

Quite. Spending £Xk on a brand new, factory warrantied car is, in the real world (away from Man Maths) a very, very different proposition to spending £Xk on a 10-12 year old car, out of manufacturer's warranty and (almost) out of their extended warranty insurance window, as well as having £Yk per year to run it.