GT3 - Prices on the rise or?
Discussion
mollytherocker said:
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
Err......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
all2ofme said:
I'll have spent a total of £60kish on my mk1 gt3
tracydeedance said:
Hi ben, It had nearly 20k spent on it when i had it as you know from the bills.
Cliff.
If you're worrying about 5-10 grand depreciation on a car that can create the above bills I'd think you were looking at cars out of your league!Cliff.
(no offence mate, plus I'm sure when Ben says 60kish he's including the 35k or whatever to buy the car in the first place!)
cragswinter said:
mollytherocker said:
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
Err......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
all2ofme said:
I'll have spent a total of £60kish on my mk1 gt3
tracydeedance said:
Hi ben, It had nearly 20k spent on it when i had it as you know from the bills.
Cliff.
If you're worrying about 5-10 grand depreciation on a car that can create the above bills I'd think you were looking at cars out of your league!Cliff.
(no offence mate, plus I'm sure when Ben says 60kish he's including the 35k or whatever to buy the car in the first place!)
The maintenance costs you quote above are just as important of course! Its about TOTAL COST OF OWNERSHIP, you are implying that depreciation 'just happens' and doesnt matter.
I am suggesting that it does matter along with all the other relevant costs!
Careful consideratuion of all of the factors can get you into a better car than if you just go and blow all of your hard earned on anything with the attitude of 'it will cost what it costs as you only have one life'.
Thats great until you get to the end of the PCP deal with a massive baloon and a car worth 2p!
MTR
Yeah I see what you're saying mtr, & we are singing from the same hymn sheet. I just think if someone's that touch & go on the finances then they should steer clear of cars with 40 grand engines!
The best thing about these cars now is that people are unlikely to be able to get a large balloon finance package on them, meaning less folk will get in to trouble hopefully.
I'm not of the "only buy what you can pay cash for" crowd, but on cars like gt3s, where big, big bills can be just around the corner you should be of the opinion that the odd 10 grand here or there on your hobby every couple of years is not going to alter your life plans!
The best thing about these cars now is that people are unlikely to be able to get a large balloon finance package on them, meaning less folk will get in to trouble hopefully.
I'm not of the "only buy what you can pay cash for" crowd, but on cars like gt3s, where big, big bills can be just around the corner you should be of the opinion that the odd 10 grand here or there on your hobby every couple of years is not going to alter your life plans!
cragswinter said:
Yeah I see what you're saying mtr, & we are singing from the same hymn sheet. I just think if someone's that touch & go on the finances then they should steer clear of cars with 40 grand engines!
The best thing about these cars now is that people are unlikely to be able to get a large balloon finance package on them, meaning less folk will get in to trouble hopefully.
I'm not of the "only buy what you can pay cash for" crowd, but on cars like gt3s, where big, big bills can be just around the corner you should be of the opinion that the odd 10 grand here or there on your hobby every couple of years is not going to alter your life plans!
The best thing about these cars now is that people are unlikely to be able to get a large balloon finance package on them, meaning less folk will get in to trouble hopefully.
I'm not of the "only buy what you can pay cash for" crowd, but on cars like gt3s, where big, big bills can be just around the corner you should be of the opinion that the odd 10 grand here or there on your hobby every couple of years is not going to alter your life plans!
MTR
Yep Ben is including the 60k all in with the 35k purchase price.
So my point being with the 25k he has spent and the 20k it had spent on it before it must be like brand new and would have thought it would be a keeper for ben taking things that far.
So any depreciation would not be a factor as he has the car how he wants it
and good luck to him I saying.
So my point being with the 25k he has spent and the 20k it had spent on it before it must be like brand new and would have thought it would be a keeper for ben taking things that far.
So any depreciation would not be a factor as he has the car how he wants it
and good luck to him I saying.
Reminds me of a guy with a beautiful restored lotus élan I met at Le mans, What a car!
He said he intended to be buried in it, when I said that would be criminal he confided that after restoring it if he sold it he'd see it as akin to setting fire to the thing anyway, so much money had been spent.
"so the easiest way not to lose all that money is to never sell the bloody thing!"
Simple really , thank god no-one told that to the guy I got my 911SC off!
He said he intended to be buried in it, when I said that would be criminal he confided that after restoring it if he sold it he'd see it as akin to setting fire to the thing anyway, so much money had been spent.
"so the easiest way not to lose all that money is to never sell the bloody thing!"
Simple really , thank god no-one told that to the guy I got my 911SC off!
The world will be haters of the petrol car soon, and you will not be able to buy petrol.. So get out there and drive the things.
Yes I hope I don't loose big money on my MK1. On the other side of the coin not using it hoping the price will rise is not worth it, I hate it when someone asks "anyone know this car" and it's a GT3 with 25,000 miles plus, you always get someone who will say "bit high on the miles"?? My MK1 has now done just over 35,000 miles, so listening to some on here it's not worth anything anyway.
I would rather have 10,000 miles worth of memories than the car not being used hoping with less miles it will be worth £5k more.
You only live once!
Dan
Yes I hope I don't loose big money on my MK1. On the other side of the coin not using it hoping the price will rise is not worth it, I hate it when someone asks "anyone know this car" and it's a GT3 with 25,000 miles plus, you always get someone who will say "bit high on the miles"?? My MK1 has now done just over 35,000 miles, so listening to some on here it's not worth anything anyway.
I would rather have 10,000 miles worth of memories than the car not being used hoping with less miles it will be worth £5k more.
You only live once!
Dan
jackal said:
Im with cragswinter, if you don't at least write a car off then you werent trying hard enough and didnt enjoy it properly.
Forget values .. Get out there and live.
i agree. not putting miles on your GT3 RS is like not having sex with your girlfriend so she'll be more desirable to her next boyfriend.Forget values .. Get out there and live.
Just to add the the question posed by the OP, my approach to the answer would be a pragmatic one: There are a number of GT3 variants from MK1 water cooled up to the 991. The 2nd user price is determined by the availibility of new product which has to force prices down otherwise there would be no depreciation which we all know exists. At the point of entry the buyer has to be well heeled to afford one in the first place which leaves the dreamers who long for ownership to wait until the price drops accordingly so they can extinguish their burning pockets on a purchase.
Thus has it always been.
Until now, where the dreamers have less capital available and worse still have stopped dreaming of cars and have greater concerns with mortgage repayments and job security.
The use of "dreamers" is not a derogatory term, I merely use it to define those of us waiting in the wings for the car they can afford.
So will prices rise? It depends on where the prices start from, at the moment there is a long way to fall, after that and once the economy is back on track and there is more disposable income available, then yes, they might even rise to todays prices.
Thus has it always been.
Until now, where the dreamers have less capital available and worse still have stopped dreaming of cars and have greater concerns with mortgage repayments and job security.
The use of "dreamers" is not a derogatory term, I merely use it to define those of us waiting in the wings for the car they can afford.
So will prices rise? It depends on where the prices start from, at the moment there is a long way to fall, after that and once the economy is back on track and there is more disposable income available, then yes, they might even rise to todays prices.
Yes, mate, I was including the purchase price. Funny thing is that I'm happier in this than I would have been in any £60k car I can think of. (Just as well, I guess - woohoo!)
Cliff - I'll need to keep it detailed underneath as well from now on...it's a sickness
See you later in the year, I hope!
Cliff - I'll need to keep it detailed underneath as well from now on...it's a sickness
See you later in the year, I hope!cragswinter said:
(no offence mate, plus I'm sure when Ben says 60kish he's including the 35k or whatever to buy the car in the first place!)
fantastic.911p said:
Simple question: Do we think the 996 GT3 prices will rapidly rise as per the 964/993 RS' in the next few years? Prices seem to have frozen for the past 2/3 years, so could this just be because we are in tough times?
Obviously not you'll be lucky to get £10 in a few years, even the GT3 engine is bound to fail, etc
I think that the 996 GT3 RS is certain to increase in value over the next 5 years, bear in mind that in right hand drive spec there was only around 137 made and 8 years later how many have original panels and paint work cars are left? I beleave that 1/3 of the cars are blue and white and the remaining 2/3 are red! If you split that down these are very rare and the low mile original example will increase in value. Obviously not you'll be lucky to get £10 in a few years, even the GT3 engine is bound to fail, etc
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