GT3 - Prices on the rise or?
Discussion
g7jhp said:
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.
Well newer, prettier I can't see. I've recently bought one and wanted a 996 as a number of people told me it was more fun.I do find Pistonheads depressing, there is a similar thread on E60 M5 values at the moment. I'm too busy having fun with both of these cars to worry about how much they might lose. I don't understand why people don't see that the depreciation is the cost of enjoyment from cars such as this.
If you don't want to lose money, buy a recognised classic of the same value - oh, chances are it might be rubbish to drive but hey ho.
No offence intended here by the way
Regards
Fred
FredBasset said:
g7jhp said:
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.
Well newer, prettier I can't see. I've recently bought one and wanted a 996 as a number of people told me it was more fun.I do find Pistonheads depressing, there is a similar thread on E60 M5 values at the moment. I'm too busy having fun with both of these cars to worry about how much they might lose. I don't understand why people don't see that the depreciation is the cost of enjoyment from cars such as this.
If you don't want to lose money, buy a recognised classic of the same value - oh, chances are it might be rubbish to drive but hey ho.
No offence intended here by the way
Regards
Fred
People should buy what they want and drive it!
I spent the last 6 years putting 60k on a 3.2 Carrera as a daily drive.
Doesn't this...
DiscoColin said:
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
... mean that prices have dropped for three years? They've not increased with inflation have they?Buy, drive and enjoy kids
I think I'd broadly agree with the consensus that prices in the main will be flattish at best in the short term, although they may creep up in another 5 yrs +, but I'd also make the following points
good 96RSs will probably rise more than the rest longer term as they are the ones that collectors will want - even though they are probably the least best road car due to a very track oriented suspension set up
MK1s will rise more than MK2s as they are the original homologation model hand built at Porsche's Weissach motorsport facility, and they were relatively low volume car (compared to MK2s)
As Slippy said the Clubsport vs Comfort differential is likely to be negligible as most of the differences are cosmetic or easily reverseable - although due to the exceptionally low volumes of MK1 CSs, these may appeal to collectors which could drive a small premium ?
Either way - in the short term these cars are to be driven and enjoyed irrespective of what the world economy is doing and the impact on the value of these tremendous cars. I just wish there was no salt on the roads as I've got an itch to get mine out of the garage and put a few more clicks on the clock!
good 96RSs will probably rise more than the rest longer term as they are the ones that collectors will want - even though they are probably the least best road car due to a very track oriented suspension set up
MK1s will rise more than MK2s as they are the original homologation model hand built at Porsche's Weissach motorsport facility, and they were relatively low volume car (compared to MK2s)
As Slippy said the Clubsport vs Comfort differential is likely to be negligible as most of the differences are cosmetic or easily reverseable - although due to the exceptionally low volumes of MK1 CSs, these may appeal to collectors which could drive a small premium ?
Either way - in the short term these cars are to be driven and enjoyed irrespective of what the world economy is doing and the impact on the value of these tremendous cars. I just wish there was no salt on the roads as I've got an itch to get mine out of the garage and put a few more clicks on the clock!
mollytherocker said:
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
what an utter load of shoite. Sorry mtr but it is!Think of some bloke going round buying plasma telly's on credit, taking his -10 year younger bird on expensive holidays, getting his hair cut at some fancy salon every 2 weeks, getting a spray tan & buying some Gucci jeans to go with his Oliver Sweeney shoes. Never putting any money away for a rainy day, never buying it all with cash, just sticking it on the credit card.
Now, how is that any different to some stupid twunt who thinks he can run a fancy car that he can't "really" afford because some muppets on t'interweb said they'll start rising in value any time soon.
You buy, you pay, simple as. & if you can't, good luck 'cos anyone who's buying a modern performance car waiting for the next price bubble is a mug IMHO
cragswinter said:
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
Thats the best post I've read on here since joining. Now that's good business when you think every miles a smile
There are some days where reading on here is great, but mostly it puts me off using the bloody thing because I'm going to make it a 'leggy GT3'.
-Craig, I thank you. And I'm using mine to go to work tomorrow
and Monday ...cragswinter said:
mollytherocker said:
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
what an utter load of shoite. Sorry mtr but it is!Think of some bloke going round buying plasma telly's on credit, taking his -10 year younger bird on expensive holidays, getting his hair cut at some fancy salon every 2 weeks, getting a spray tan & buying some Gucci jeans to go with his Oliver Sweeney shoes. Never putting any money away for a rainy day, never buying it all with cash, just sticking it on the credit card.
Now, how is that any different to some stupid twunt who thinks he can run a fancy car that he can't "really" afford because some muppets on t'interweb said they'll start rising in value any time soon.
You buy, you pay, simple as. & if you can't, good luck 'cos anyone who's buying a modern performance car waiting for the next price bubble is a mug IMHO
I think you'll find we are in total agreement!
MTR
+1, compared to a Ferrari's reliability, servicing costs and depreciation (when you pile on the miles) I'm very happy with impressed Porsches performance to depreciation ratio
Steviebeee said:
Thats the best post I've read on here since joining.
There are some days where reading on here is great, but mostly it puts me off using the bloody thing because I'm going to make it a 'leggy GT3'.
-Craig, I thank you. And I'm using mine to go to work tomorrow and Monday ...
There are some days where reading on here is great, but mostly it puts me off using the bloody thing because I'm going to make it a 'leggy GT3'.
-Craig, I thank you. And I'm using mine to go to work tomorrow
and Monday ...
This is making me feel that I need to off-load mine asap! 
Steviebeee said:
Thats the best post I've read on here since joining.
There are some days where reading on here is great, but mostly it puts me off using the bloody thing because I'm going to make it a 'leggy GT3'.
-Craig, I thank you. And I'm using mine to go to work tomorrow and Monday ...
There are some days where reading on here is great, but mostly it puts me off using the bloody thing because I'm going to make it a 'leggy GT3'.
-Craig, I thank you. And I'm using mine to go to work tomorrow
and Monday ... thank god! Well they say of you can reach one person.....Seriously though, that 180k mile gt3 sold at 911v for 25 grand, so the owner probably got 20k for it yeah? You look at what you'll get trade on a 40k mile gt3, 30 grand?
I can't think of a better daily driver
cragswinter said:
thank god! Well they say of you can reach one person.....Seriously though, that 180k mile gt3 sold at 911v for 25 grand, so the owner probably got 20k for it yeah? You look at what you'll get trade on a 40k mile gt3, 30 grand?
I can't think of a better daily driver
Craig,
I bought mine last March with 19k for 59, currently at 27k. My plan is (loosely!) to have it for another two years or so and sell with 45-50k Worth? 40ish?
By all current GT3 accounts thats fairly accurate. Will the 9 - 14k depreciation be worth it? EVERY PENNY!!
I spent over 25,000 modding an Evo 8 RS to 500hp. I lost 25,000 in two years (15k miles) and ended up terrified to use it incase it broke. The Porsche? If it brakes, the Help Telephone numbers on the Tax Disc holder, I get a lovely loan car and a transporter to collect my car from the house for just over 1k/yr (providing your tyres are all N...bla, bla
) If all I have to worry about is consumables and depreciation, bring it on
Your Analogy of the 180,000mile GT3 is spot on.
We're all going seriously O/T now! 
This isn't a "should I buy a GT3 because it will rocket in value" thread, I'm just trying to see what everybody thinks about the '6 GT3 prices rising up within the next few years, as some people have said it will and others not. I think we've got the gist of the 'only live once' stuff by now.
This isn't a "should I buy a GT3 because it will rocket in value" thread, I'm just trying to see what everybody thinks about the '6 GT3 prices rising up within the next few years, as some people have said it will and others not. I think we've got the gist of the 'only live once' stuff by now.
911p said:
We're all going seriously O/T now!
This isn't a "should I buy a GT3 because it will rocket in value" thread, I'm just trying to see what everybody thinks about the '6 GT3 prices rising up within the next few years, as some people have said it will and others not. I think we've got the gist of the 'only live once' stuff by now.
They won't rise in the next 5 years, due to 997 GT3 keeping them down!This isn't a "should I buy a GT3 because it will rocket in value" thread, I'm just trying to see what everybody thinks about the '6 GT3 prices rising up within the next few years, as some people have said it will and others not. I think we've got the gist of the 'only live once' stuff by now.
911p said:
We're all going seriously O/T now!
We haven't, we're discussing the futility of your question.911p said:
I'm just trying to see what everybody thinks about the '6 GT3 prices rising up within the next few years, as some people have said it will and others not.
& that's the futility of it in one sentence.No-one knows for sure what will happen, yet you will always get some people saying one thing and others saying the opposite (though of course it may make slightly less interesting reading if a load of people just answered "I don't know"). Regardless of whether people own gt3s, want to buy gt3s or even hope their dad might get a gt3
no-one can tell the bloody future!So why worry about something you can neither predict nor influence?
If you can afford it do it, if not don't bother & buy something cheaper
cragswinter said:
So why worry about something you can neither predict nor influence?
Its not a case of worrying about it. Its about taking it into consideration and planning ahead so you dont end up losing your shirt.If you are realitively rich, you can forget about this stuff and just buy what you want when you want. For the rest of us who want to buy our dream cars, we have to balance heart with head.
And it can be done! In fact its fun!
MTR
Edited by mollytherocker on Saturday 14th January 11:45
cragswinter said:
& that's the futility of it in one sentence.
No-one knows for sure what will happen, yet you will always get some people saying one thing and others saying the opposite (though of course it may make slightly less interesting reading if a load of people just answered "I don't know"). Regardless of whether people own gt3s, want to buy gt3s or even hope their dad might get a gt3 no-one can tell the bloody future!
So why worry about something you can neither predict nor influence?
If you can afford it do it, if not don't bother & buy something cheaper
I didn't intend to relate the thread to buying the car - indeed you can either afford it or not, and the depreciation/appreciation is just a byproduct.No-one knows for sure what will happen, yet you will always get some people saying one thing and others saying the opposite (though of course it may make slightly less interesting reading if a load of people just answered "I don't know"). Regardless of whether people own gt3s, want to buy gt3s or even hope their dad might get a gt3
no-one can tell the bloody future!So why worry about something you can neither predict nor influence?
If you can afford it do it, if not don't bother & buy something cheaper
Perhaps it is a futile question, but since there have been a few threads saying "xyz says GT3 an investment", and some replies to others saying "buy now before they rocket", I really just wanted to have a discussion to support the theory/put it to bed.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff