Market update on 996 GT2s

[Lightningman]

LaurasOtherHalf said:

jfp said:

And if you are in any doubt over values, look at the 993GT2. .

Bonkers

Yes but as has been said, the 993 GT2 is a totally different prospect to the 996. The 993 was built to homologate the racing car (and if I recall correctly, under 60 cars were built worldwide); the 996 was Porsche cashing in on the 993 GT3 halo.

The 996 GT2 is a great car to own but it is a niche market product, without the halo of racing pedigree and the cars on sale are simply not moving. If in doubt, try calling a dealer and asking what they'd give you as an outright sale or against another Porsche as a trade-in.

[willmac]

Did that Castello car ever sell ?

[jfp]

Lightningman said:

LaurasOtherHalf said:

jfp said:

And if you are in any doubt over values, look at the 993GT2. .

Bonkers

Yes but as has been said, the 993 GT2 is a totally different prospect to the 996. The 993 was built to homologate the racing car (and if I recall correctly, under 60 cars were built worldwide); the 996 was Porsche cashing in on the 993 GT3 halo.

The 996 GT2 is a great car to own but it is a niche market product, without the halo of racing pedigree and the cars on sale are simply not moving. If in doubt, try calling a dealer and asking what they'd give you as an outright sale or against another Porsche as a trade-in.

Quite agree, the 6 GT2 wont be worth anywhere near the 3 Gt2 as a result, more made and no competition pedigree. But it will fetch a premium in the future over the likes of the 996TT, and like I said the 6GT2 is every bit as special as the 3GT2 even though it wasn't built for racing... However Motorsport success isn't the only driver in realising high future values - if it was the 930, 964 3.3 Turbo, 964 3.6 Turbo, 993 Turbo & Turbo S would be selling for less than half what they currently are. I enjoy my 996 GT2 now whilst I can for what it is, a bloody quick engaging car. When I grow old, lose my driving ability and want to spend life in a retirment home somewhere as opposed to oggling cars and birds then I've no doubt I can flog it and enjoy the proceeds. Remember - ALL the current crop of desirbale cars fetching far more than what they are REALLY worth could all be bought at some time for three quarters of fk all (comparatively speeking)..

[marky911]

Don't want to go off topic and I've probably said this before, but is no-one on here worried about the lack of petrol in the future wiping out cars as investments?

Ok, worried maybe the wrong word but I just think even if any of the more recent great Porsches were to rise like the 2.7RS, by the time they do, surely petrol will be scarce.

Therefore only the ultra low mileage cars may still be worth something, for rich mens static displays.

Or do you think cars still have worth as long term investments?

[Lightningman]

marky911 said:

Don't want to go off topic and I've probably said this before, but is no-one on here worried about the lack of petrol in the future wiping out cars as investments?

Ok, worried maybe the wrong word but I just think even if any of the more recent great Porsches were to rise like the 2.7RS, by the time they do, surely petrol will be scarce.

Therefore only the ultra low mileage cars may still be worth something, for rich mens static displays.

Or do you think cars still have worth as long term investments?

Have to say that I agree with your entirely Mark; however, my hope is that Albert Einstein #2 comes along and develops a replacement for the petrol engine that we can all transplant into our petrol burning beasts, thereby keeping them in use.

A hamster powered GT2 anyone?

[marky911]

Yep, I'm hoping they find a solution. There are some clever people out there, so fingers crossed.

[boxbox]

Roadrunner996 said:

Shall I say what you are all thinking........the only 996 GT2/3 cars that 'could' be worth a large sum in 10-20 years are currently in storage, are never driven and have less than 10000 miles on the clock.
If you currently own a higher mileage example just go out and enjoy it safe in the knowledge that should you want the latest 991 GT2/3 at some point in the future your 996 GT2/3 will give you a nice deposit on the latest/fastest version that Porsche will produce (until the 992 GT2/3 comes along in around 2025 if VAG hasn't been bought by a Chinese automotive company by then........)

I think this is a very good point. The cars on the market with 25K+ miles on them now, should be bought, used and enjoyed in my opinion. Can't see any fun in buying something like a GT2 with a 'normal' mileage on it now and sticking it in the garage, doing 500 miles a year, hoping it might turn into the next big thing. I seem to remember a private sale GT2 for sale in the classifieds a couple of times in the last year or so with tiny mileage and I dont think that sold - up for £55K ish from memory

[Lightningman]

I've kept my eye out for a 996 GT2 CS for quite awhile but the ones that have come on the market have been ragged and not as nice as the owners would have you believe. Add to that there seems to be quite a few that have been damaged and I think (like the 996 GT3) many potential owners are worried about buying the wrong vehicle.

[Candellara]

This 6 GT2 has just sold. £48995

http://www.chappellsportscars.com/stock/used-porsc...

[supermono]

Petrol won't run out for decades. Diesel will be replaced by crop oil but in any case mainstream cars will become electric generated by nuclear and other modern age stuff (once the greenists have been kicked into touch). The demands on oil reserves will decrease and those of us wanting to rip about in our old petrols won't have much trouble finding it.

SM

[supermono]

Petrol won't run out for decades. Diesel will be replaced by crop oil but in any case mainstream cars will become electric generated by nuclear and other modern age stuff (once the greenists have been kicked into touch). The demands on oil reserves will decrease and those of us wanting to rip about in our old petrols won't have much trouble finding it.

SM

[keep it lit]

supermono said:

Petrol won't run out for decades. Diesel will be replaced by crop oil but in any case mainstream cars will become electric generated by nuclear and other modern age stuff (once the greenists have been kicked into touch). The demands on oil reserves will decrease and those of us wanting to rip about in our old petrols won't have much trouble finding it.

SM

" i'll buy that for a dollar! "

[Crimp a Length!]

What a feckin depressing post this is.
Might go and stick me head in the oven knowing that my high mile GT2 will be worth 10p and a conker and there will be no fuel anyway.

[keep it lit]

lad.. less polish and more pedal!

[drmark]

marky911 said:

Don't want to go off topic and I've probably said this before, but is no-one on here worried about the lack of petrol in the future wiping out cars as investments?

Ok, worried maybe the wrong word but I just think even if any of the more recent great Porsches were to rise like the 2.7RS, by the time they do, surely petrol will be scarce.

Therefore only the ultra low mileage cars may still be worth something, for rich mens static displays.

Or do you think cars still have worth as long term investments?

A career in medicine may not have taught me much about oil reserves but I have learned a lot about people - not least that most of my older patients eventually realise that nearly all the things they spent their lives worrying about never actually happened. Petrol will eventually run out but worrying about knock on effects like investment values? Lighten up and live a bit - trust me, your reserves are more finite than Mother Nature's.

[DiscoColin]

Hang on. What is this? Surely it can't be? Not...another 996GT2 price thread

There really are more of these threads on here than they made cars..... Mods : how about a sticky for all GT2 price discussion? Keep it all together?...

[That comment should have been sarcasm, but actually, I think that I am serious...]

[Crimp a Length!]

On that note lets remind ourselves why these are one of the best 911's produced period.

[bqf]

Crimp a Length! said:

On that note lets remind ourselves why these are one of the best 911's produced period.

tarzan at rockingham. top corner - was sideways a few times last weekend in a boxster

[supermono]

DiscoColin said:

Hang on. What is this? Surely it can't be? Not...another 996GT2 price thread

There really are more of these threads on here than they made cars..... Mods : how about a sticky for all GT2 price discussion? Keep it all together?...

[That comment should have been sarcasm, but actually, I think that I am serious...]

Did you open a post about gt2 values just to be annoyed and then tell everyone?

SM

[marky911]

drmark said:

A career in medicine may not have taught me much about oil reserves but I have learned a lot about people - not least that most of my older patients eventually realise that nearly all the things they spent their lives worrying about never actually happened. Petrol will eventually run out but worrying about knock on effects like investment values? Lighten up and live a bit - trust me, your reserves are more finite than Mother Nature's.

Wo there Dr mark . I'm not doom-monger. Heaven forbid if my post appeared like that. I am a realist though.

I'm not an investor in cars. I don't have the cash or the space. My comment was made due to other peoples talk of holding onto "car X" in the hope it rises, etc.

I just don't see the point, hence my post asking if anyone else thinks about petrol supplies and hence me selling my 964 Turbo which was going to be a keeper, but I figured there are plenty more nice cars to try.
I produce sub-sea oil and gas components day in, day out. Whilst we are not at the pointy end of things (eg offshore) we still understand the changes in the industry that are continually required to get at the oil.
There's still oil to be had, but we're having to go further out and deeper down to get at it. That means continuing price rises as more exotic materials are used to withstand the pressures involved etc.

If oil doesn't run out, it will be very, very expensive. Of that there is no doubt. Whether that be in 10 years, 20 years or slightly longer.

The point I was trying to make is that holding onto a modern 911 and hardly using it,in the hope it will one day go up a few quid a la 2.7RS, is a waste of a good car. We are in completely different times, with changes ahead that have never affected todays classics.

I plan to buy what cars I want and enjoy them. I'll always have one eye on depreciation because I'm a working class, north-east lad who can't afford to blow £10k per year on depreciation.

I'm not a polisher or an investor though.
Phew, glad we cleared that up.

ETA - GT2s - Epic cars, but 3rd on my list in the £45k price bracket.

Edited by marky911 on Wednesday 22 August 22:50