GT3 - Prices on the rise or?
Discussion
Robbo66 said:
NIgt3 said:
i would totally disagree, because someone who is going to be buying a old gt3 one of the made reason for doing so is for that engine!!
No, it's the fact is is cheaper.ras62 said:
My feeling is a bottom of 20k, within 2-3 years.
That would be fantastic news and I would probably buy 2 or 3 of them at that point as investments, but unfortunately I don't think they will sink that far down. Not half decent examples anyway. I've had a good run of luck in judging when to buy undervalued classic Porsches eg. Half decent '77 Carrera 3.0 for £10K in 1995, mint low mileage 964RS for £26K in 1998, mint original '73 2.4S for £23K in 2002 (and that was absolutely top money then) and a concours quality '82 SC for just under £15K in 2008. The 996 GT3 is definitely on my radar for around £35K in the next year or two. Might have to sit on it for a good while to see it rise significantly, but that wouldn't exactly be a hardship. Always pays to buy a mint example if it's an investment car too. Collectors want the best example they can find. ras62 said:
My feeling is a bottom of 20k, within 2-3 years. These cars are not in terribly short supply, but as always good cars will demand good money.
There are around 1000 less GT3s around than than 993 Turbos (which have held at around £50k), and coupled with the fact they are recognised as one of the best drivers cars ever built by Porsche, my question is why? Hee hee - I read that as 10 *minutes* to start with, and it read just as well!
I'm chuffed with it, and 2012 will be the year of many GT3 miles for me. 2011 never worked out that way with too many other things going on.
Even though one day it will have done many many more miles than a lot of the others out there it'll be nice knowing how tidy it is. And that as far as I can tell I'm the only one who's done it any wrong![smile](/inc/images/smile.gif)
You've only had it 10 months and it was sensibly priced at the time (even if I say so myself
). I hope you're getting enough use out of it.
I'm chuffed with it, and 2012 will be the year of many GT3 miles for me. 2011 never worked out that way with too many other things going on.
Even though one day it will have done many many more miles than a lot of the others out there it'll be nice knowing how tidy it is. And that as far as I can tell I'm the only one who's done it any wrong
![smile](/inc/images/smile.gif)
thegoose said:
![yikes](/inc/images/yikes.gif)
![wink](/inc/images/wink.gif)
![driving](/inc/images/driving.gif)
911p said:
There are around 1000 less GT3s around than than 993 Turbos (which have held at around £50k), and coupled with the fact they are recognised as one of the best drivers cars ever built by Porsche, my question is why?
turbo's never did stick at £50k, they went well below that.f
k me this is pointless, even if gt3s do go down to 20 grand in the next five years that f
king cheap motoring!
Some folks have lost that on a kettle in one year!
I get that no one wants to take a bath but really what are you looking for from a car?? Fair enough for it to cost the minimum but a gt3 is a toy, an indulgence, it will cost you money!
You know who got the best value from a car on here? Not the guy who bought a 964rs for 25 grand & sold it for 50, the guy who bought that gt3 for 80 grand, used it every day & sold it for 20 with 180,000 miles on the clock.
Now that's good business when you think every miles a smile![smile](/inc/images/smile.gif)
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Some folks have lost that on a kettle in one year!
I get that no one wants to take a bath but really what are you looking for from a car?? Fair enough for it to cost the minimum but a gt3 is a toy, an indulgence, it will cost you money!
You know who got the best value from a car on here? Not the guy who bought a 964rs for 25 grand & sold it for 50, the guy who bought that gt3 for 80 grand, used it every day & sold it for 20 with 180,000 miles on the clock.
Now that's good business when you think every miles a smile
![smile](/inc/images/smile.gif)
Why 20k? Is it reasonable to assume a 10% loss per year? therefore a 30k car now will be roughly 20k in three years. Trade price for a car now will be 30k for many examples. To compound normal depreciation there is the less than rosy state of the economy and its effect on disposable incomes. 20k may not be as outlandish as it may sounds.
ras62 said:
Why 20k? Is it reasonable to assume a 10% loss per year? therefore a 30k car now will be roughly 20k in three years. Trade price for a car now will be 30k for many examples. To compound normal depreciation there is the less than rosy state of the economy and its effect on disposable incomes. 20k may not be as outlandish as it may sounds.
On that basis, in about 10 years time it will be almost free! But unfortunately it just doesn't work like this with desirable cars that are out of production. Trade price is just a simple offset from retail price and not really that relevant to the discussion.Anyway if they drop to anywhere near £20K (retail or private sale) I'll be filling my boots!
Edited by uktrailmonster on Friday 13th January 17:17
Edited by uktrailmonster on Friday 13th January 17:18
What I've noticed with cars like the GT3 - take the 964RS as a prime example - is that they go through a period where there are plenty of good and still relatively fresh examples around. At this point they tend to drop to a fairly low base value as they are not old enough or rare enough to be regarded as classics and they are no longer the current state-of-the-art model either. Then time ticks on, good examples become more and more thin on the ground, their legend starts to gather momentum and next thing you know they are in demand by collectors and prices go through the roof. This really probably only applies to GT3RS models, but this in itself will tend to pull up the 'ordinary' GT3 values with it - just not to the same extent. Think '73 2.7RS v '73 2.4S. The real unkown is which of the various GT3 variants will really be considered the most collectable as future classics. Probably all of them to varying degrees, especially if Porsche change direction significantly in their market. Say as an extreme Porsche pulled out of the sports car market altogether, any current GT3 model would suddenly become very collectable indeed!
They haven't moved that significantly in over 3 years. There is no immediate reason to expect that this is a pattern that will change in the medium term. The older the GT3, the less the price of it will move IMHO. Long term they may go up a bit, but will that beat inflation??? I'd doubt it.
Buy, drive and enjoy kids![thumbup](/inc/images/thumbup.gif)
Buy, drive and enjoy kids
![thumbup](/inc/images/thumbup.gif)
jackal said:
Forget values .. Get out there and live.
I'm with you, but its not that simple is it? If you over stretch yourself and then suffer monumental depreciation, you will end up not being able to 'live' at all! Its a fine balancing act between eating up life and protecting it.I dont know who said this - 'Live life like a farmer. Farm like you will live forever, but live like you will die tomorrow'
MTR
I think the 996 GT3 will drop to around £30k as the 997 GT3 comes down in price as most people would take the newer, prettier car.
At £30k it will be in greater demand and more will get tracked and used leading to less quality stock in the market.
At that time values will harden and as time goes on they'll climb as they it becomes harder to find good examples. All IMO.
I fancy one but not sure it would would make a good 12k pa daily driver!
At £30k it will be in greater demand and more will get tracked and used leading to less quality stock in the market.
At that time values will harden and as time goes on they'll climb as they it becomes harder to find good examples. All IMO.
I fancy one but not sure it would would make a good 12k pa daily driver!
mollytherocker said:
jackal said:
Forget values .. Get out there and live.
I'm with you, but its not that simple is it? If you over stretch yourself and then suffer monumental depreciation, you will end up not being able to 'live' at all! Its a fine balancing act between eating up life and protecting it.I dont know who said this - 'Live life like a farmer. Farm like you will live forever, but live like you will die tomorrow'
MTR
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