In the market for a GT3 - Best time to buy/Prices
Discussion
Hi,
I currently own a 991.2 Yellow GTS and looking to finally get into a GT3.
Looking to potentially buy at the start of July.
From looking at Autotrader and Pistonheads adverts I am so confused with the .1 pricing just now... Some are selling for around 90ish and similar spec cars are going for 100-110k... and some are more expensive than .2 gt3...
The pricing of the .1 just doesn't make any sense to me!
My question is:
Should I wait a few months and see what happens to the market or go for something now that is around the 90s mark? Where do you think the .1 prices will come to?
Or should I wait and see what happens to the .2 prices as I see them going down slowly?
What would be the best advice? Considering also that I need to sell my GTS too if I get a GT3
I currently own a 991.2 Yellow GTS and looking to finally get into a GT3.
Looking to potentially buy at the start of July.
From looking at Autotrader and Pistonheads adverts I am so confused with the .1 pricing just now... Some are selling for around 90ish and similar spec cars are going for 100-110k... and some are more expensive than .2 gt3...
The pricing of the .1 just doesn't make any sense to me!
My question is:
Should I wait a few months and see what happens to the market or go for something now that is around the 90s mark? Where do you think the .1 prices will come to?
Or should I wait and see what happens to the .2 prices as I see them going down slowly?
What would be the best advice? Considering also that I need to sell my GTS too if I get a GT3
Twinfan said:
If you can, go for a 991.2 GT3. Newer, better engine etc. 991.1s are too expensive given the potential engine issues and lowered rev limits.
Yeah the .2 gt3 is the dream but the good spec ones are around 130k just now...I finance all my cars and I got quotes on both the .1 and .2 with the balloons being almost similar - 50k for .1gt3 and 57k for a .2gt3..
Like I said I have no idea what is going on in the markets just now as the balloon on my gts was 57k back in Nov when I got it...
If you must get a 991.1 then ask if it has been fitted with the "G" series replacement engine. Apparently they are the latest and best spec.
I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
Far Cough said:
If you must get a 991.1 then ask if it has been fitted with the "G" series replacement engine. Apparently they are the latest and best spec.
I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
Ouch....Yeah that is something I will definitely bear in mind! If lets say I get one without an engine swap.. can I request it be done or does it have to break before I can get one? On that train of thought... is it then better to look at higher mileage ones as they would have a higher chance of having an engine swap?I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
The dream is a .2 but for financial reasons the .1 is much more in budget just now! Maybe you are right and see what happens with its pricing and finance deals by end of summer (more realistic balloons will solve that gap instantly)
NB13 said:
Far Cough said:
If you must get a 991.1 then ask if it has been fitted with the "G" series replacement engine. Apparently they are the latest and best spec.
I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
Ouch....Yeah that is something I will definitely bear in mind! If lets say I get one without an engine swap.. can I request it be done or does it have to break before I can get one? On that train of thought... is it then better to look at higher mileage ones as they would have a higher chance of having an engine swap?I`ve just heard of another that had its engine replaced at 3 miles and now 15k later, it needs another new one !!!
Alternatively , wait for the 991.2 prices to drop a bit further. The OPC`s are not fully up and running yet so will be a while before they catch upto the lowering market conditions. They may even start offering decent finance rates to shift stock.
The dream is a .2 but for financial reasons the .1 is much more in budget just now! Maybe you are right and see what happens with its pricing and finance deals by end of summer (more realistic balloons will solve that gap instantly)
If you were looking at a .2gt3 then 2017 with <9k miles and good colour/spec for around £125k would be good punt, but sure there’ll be cars avail between £120/£125k now or in upcoming weeks..
Twinfan said:
Personally, I'd find the cash or extend the finance for a 991.2. I think 991.1 is very overpriced, YMMV though!
Yeah that's what I am thinking too as the price differences between .1s makes no sense just now!Problem is finance companies are giving such low balloons on the .2s now compared to .1s.... oh and RS's too.. guess it's a cash market!
What spec are you after? If you are not fussy on colour (or really like white!) you shouldn’t have too much trouble picking up a cheaper .1. If you want specific colour, CS, PCCB, extended leather, axle lift, you will have much less choice and may have to pay more. Don’t forget there is a 10yr (from date of manufacture) engine warranty, which can then be covered for an additional 5 yrs with the std Porsche warranty. In an ideal world .2 if you don’t have the budget and are not fussy .1 is viable. Have you driven one yet? Night and day vs GTS!
NB13 said:
Twinfan said:
Personally, I'd find the cash or extend the finance for a 991.2. I think 991.1 is very overpriced, YMMV though!
Yeah that's what I am thinking too as the price differences between .1s makes no sense just now!Problem is finance companies are giving such low balloons on the .2s now compared to .1s.... oh and RS's too.. guess it's a cash market!
80k?
GT4RS said:
Out of interest where are they now placing the balloons of .2 Gt3 cars after 3 years and 5k a year, assuming the car is around a 1 year old already when buying?
80k?
80k?
NB13 said:
I finance all my cars and I got quotes on both the .1 and .2 with the balloons being almost similar - 50k for .1gt3 and 57k for a .2gt3..
Like I said I have no idea what is going on in the markets just now as the balloon on my gts was 57k back in Nov when I got it...
Like I said I have no idea what is going on in the markets just now as the balloon on my gts was 57k back in Nov when I got it...
Well the one thing to say about all this is that if say 991.2 GT3’s are in the £110k to £120k area we’ll hopefully see 992 GT3’s finding their way to people that want to keep and drive them !
This car for example was a £133k car when listed before lockdown...it’s now at £125k and been sat on OPC Silverstone’s stock list for at least three months I reckon £120k would buy it which is probably what they paid for it.
https://www.sytner.co.uk/car-search/10940427-13061...
This car for example was a £133k car when listed before lockdown...it’s now at £125k and been sat on OPC Silverstone’s stock list for at least three months I reckon £120k would buy it which is probably what they paid for it.
https://www.sytner.co.uk/car-search/10940427-13061...
Mankers said:
What spec are you after? If you are not fussy on colour (or really like white!) you shouldn’t have too much trouble picking up a cheaper .1. If you want specific colour, CS, PCCB, extended leather, axle lift, you will have much less choice and may have to pay more. Don’t forget there is a 10yr (from date of manufacture) engine warranty, which can then be covered for an additional 5 yrs with the std Porsche warranty. In an ideal world .2 if you don’t have the budget and are not fussy .1 is viable. Have you driven one yet? Night and day vs GTS!
Im happy with white for a .1 and spec wise I am unfortunately fussy... LEDs, Buckets and Lift are a must for me! pccb would be nice but not a deal breaker!Yeah I read up on the warranty and shouldn't be an issue as I wouldn't keep it till 2024 anyways!
Never driven any GT3 but watched about all videos of it on youtube! Definitely a dream car for my needs as I live in Edinburgh so I use my gts a lot on good driving roads around and it handles amazingly so cant even imagine what a GT3 will be like or even the sound of it in person/driving seat!
Denno B said:
Only £57k balloon on gen2 wow, sign of the times.
Yeah spoke to my broker and they said that all lenders are now giving really reserved balloons for the foreseeable future as the virus has added a lot of uncertainty and lenders hate uncertainty!Out of interest I looked at a 570s... think it was around 35k balloon!
So yeah gone are the days of cheap finance even though in reality everyone knows a .2gt3 or even a .1gt3 will never get that low!
R33FAL said:
Found the same. The balloon on a £130k GT3 i was abt to pull the trigger on pre cov has gone from £90k pre cov to £63k now. It has trippled the monthly payments with a £50k deposit.
Guess will hold off until the list prices adjust down.
Ouch I wish I got one back then too but thought id wait till summer... boy was I wrong!Guess will hold off until the list prices adjust down.
Yeah even with a chunky deposit like that is still crap knowing you could have got a WAY better deal locked in for next 3/4yrs! I feel for you!
63k is good by todays standard - I got 57k...
Best thing I guess Is wait till car and financial markets adjust to a reasonable level! I don't see many people buying now knowing what they could have had before!
R33FAL said:
Found the same. The balloon on a £130k GT3 i was abt to pull the trigger on pre cov has gone from £90k pre cov to £63k now. It has trippled the monthly payments with a £50k deposit.
Guess will hold off until the list prices adjust down.
Wow that’s a substantial drop in final value. Could this be the tipping point for crazy sticker prices, something has to give to get cars selling again. Guess will hold off until the list prices adjust down.
Given that something like 80% of cars are purchased on finance that is going to surely cause short term problems for the market.Not all finance deals have a GFV element but I think an awful lot do now so it’s going to be an issue. It’ll be different for new cars clearly but for anything over six months old it’s going to be a massive problem ?
Cheib said:
Given that something like 80% of cars are purchased on finance that is going to surely cause short term problems for the market.Not all finance deals have a GFV element but I think an awful lot do now so it’s going to be an issue. It’ll be different for new cars clearly but for anything over six months old it’s going to be a massive problem ?
Got to have a big impact surely, it’s not like the interest rates will be lower either to balance it out a little. The rate of risk for most borrowers has increased since covid19 so doubt lenders will be dropping the borrowing rate substantially any time soon. Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff