991 GT3 RS sensible time to buy ?

[rosino]

Have to agree. These are not collectors cars. Never been and never will. They are just rarer than the average vanilla 911 that's all.

GT cars are meant to be driven unlike Ferrari (at least previous generations as current ones get finally driven more as they are not built of chocolate).

So I think yes, asking prices are ambitious and will come off but not b/c of mileage but just because there's no justification for them to trade so much higher than a 991.2 GT3 that will have a better engine, choice of manual box etc etc. You always need to look if the car is the last of an era/kind. And 991.1 GT3 (RS) is just not. Like the LT. Or many others.

Only one I see remain collectible is the Speciale as last n/a V8 and plenty fast enough. They made loads sure but the car will be unique. Unlike all the other Turbo spaceships that will be bettered every 5 years.

[RoamingBull]

Do we think there will be a 991.2 RS?

I'm fortunate to have a 4 & RS both great cars indeed.

[Robbo66]

hornbaek said:

I agree with you on the 911R. That is quickly loosing its allure (as was predictable) and hence they will be mileage sensitive. Regarding the GT3 RS I don't think that they are that mileage sensitive, as they are not going to be collectible in that sense. You said it yourself - there are too many of them. It is a hugely accomplished car and will hold its price better than the normal 991s but will follow the normal depreciation curve. My guess only.

Agree that not as mileage sensitive as the R, as I stated, but they are not a £200k even at 2000 miles.
I think longer terms they will sit around £150-160k for low mileage and less for higher mileage. The 991 GT3 will always sit £30-£40k cheaper, and that's the selling price ...not what you will realise if on SOR or had sold it to Dealer.
You try and get a bid on a 991RS from a dealer now.

[av185]

Porsche911R said:

av185 said:

Someone on here bought a low mileage UV car last year for c £185k.

Had steels so around £15k to £20k cheaper than a ceramic car. Otherwise top spec.

lol here we go PCCB worth £20k

if any one has a steel disk car with 10k miles on it for £170k call me.

IF you can read I said between £15k and £20k. So lets say £17.5k as an average.

Clearly reflects the fact that most buyers of 991 RS want ceramics.

At the time ceramic braked cars were selling for just over £200k.

Do the maths......if you can.........hope its better than your spelling.

Its discs not disks btw.

Edited by av185 on Thursday 29th June 11:05

[gbrown2014]

hunter 66 said:

Maybe after the next Banking issue ............. scary borrowing on cars at the moment ..

I remember reading recently that Britons are spending around £4 billion a month on car finance, lots of these cars are financed based on the fact they won't depreciate and interest rates stay low, both of which appear to be changing

EDIT: the second point was in reference to high end market

[Cheib]

gbrown2014 said:

hunter 66 said:

Maybe after the next Banking issue ............. scary borrowing on cars at the moment ..

I remember reading recently that Britons are spending around £4 billion a month on car finance, lots of these cars are financed based on the fact they won't depreciate and interest rates stay low, both of which appear to be changing

EDIT: the second point was in reference to high end market

You have to be mental financing a car like the RS at current market prices.....it's a total luxury purchase. Buying one to drive ? Fantastic ! But financially I just don't think they stack up....there's going to be a new one at some stage and I think lot of those will be bought by people trading out of a 991.1. I think there are roughly something like 300 in the UK ? My guess is over the next two years maybe 100 of those will be sold either to buy a 991.2 GT3, 991.2 GT3 RS, 991.2 GT2 RS or a 992 of some sort. That's only 1 a week but it's a lot at this end of the market. Interesting that JZM who pretty much always have one in stock don't have one at the moment...

The car finance market as a whole is mind blowing. PCP's are the real issue....they have enabled so many people to run (they aren't buying them!) cars that they otherwise couldn't afford. People just look at monthly payments and not cost of "ownership".

[majordad]

I'm enjoying using mine. Just back from a Maratime Alps drive and Fete des Classics in Avingon.

[majordad]

[hunter 66]

I think 59 Billion in UK car financing up from 21 only 4 years ago ..... interesting .... when the music stops time to find the chair ....PCP low interest explosion ....

[Dr S]

majordad said:

I'm enjoying using mine. Just back from a Maratime Alps drive and Fete des Classics in Avingon.

Great pic and how the Lava works with the background

[Phooey]

hunter 66 said:

I think 59 Billion in UK car financing up from 21 only 4 years ago ..... interesting .... when the music stops time to find the chair ....PCP low interest explosion ....

Wowzers. Are people earning more or just borrowing more? House prices must be quite similar stats - looks like they've gone up 25+% in last 4 years?

[gbrown2014]

Phooey said:

hunter 66 said:

I think 59 Billion in UK car financing up from 21 only 4 years ago ..... interesting .... when the music stops time to find the chair ....PCP low interest explosion ....

Wowzers. Are people earning more or just borrowing more? House prices must be quite similar stats - looks like they've gone up 25+% in last 4 years?

borrowing more, low interest rates correlate with this balloon of borrowing. I think there will be a liquidity squeeze for many people if there is a small rise in interest, leading people to dump their assets; cars, homes etc

OP as others have said buy with cash to enjoy and expect a normal depreciation curve(something Porsche owners seems to have forgotten about) but don't finance as an investment, it will stop you from eve enjoying the car

[Porsche911R]

I am looking forward to a interest rate rise.

People do seem to have st they cannot afford. I still think PCP will be the next PPI issue, people are being robbed.

I see people every day, and I do mean every day, who have put >£5k deposits in to get a PCP car and come out with nothing after 2 years.
next car they can afford is always not as good, people are going backwards !

[nigelonich]

Porsche911R said:

I am looking forward to a interest rate rise.

People do seem to have st they cannot afford. I still think PCP will be the next PPI issue, people are being robbed.

I see people every day, and I do mean every day, who have put >£5k deposits in to get a PCP car and come out with nothing after 2 years.
next car they can afford is always not as good, people are going backwards !

+1

A colleague is closely connected to a MB salesperson saying around 90% of new car sales are financed. The sentiment is 'why own a depreciating asset' which does make me question my traditional approach of owning the car I am cleaning.

[Robbo66]

That depends on how much return you are making elsewhere. At the moment, thats difficult and risky as all assets topped out.
Madness to finance a depreciating asset at present IMV, particularly if you've paid overs.

[Twinfan]

anonymous said:

[redacted]

Correct, rates are fixed at the point of taking out the loan.

[MDL111]

re finance - have never used it for a car, but I would consider it to buy a car that I am worried will increase in price further and eventually price me out completely.

For instance, I should have financed a Carrera GT at 350k as that is an amount I could have still paid off over time, at 700k it is substantially more challenging and if it hits a million it will basically be impossible.

I do not really care if the car then halfs in value post purchase (that does not impact how good the car is ....) - no point worrying about values and in my case it will lose money anyway due to driving my cars as opposed to garaging them. The question about finance imo is more about confidence that one can pay it off / save enough to pay it off by/at the end of term - kinda like a mortgage for a house - at some point it will have to be paid off

[av185]

Cheib said:

The car finance market as a whole is mind blowing. PCP's are the real issue....they have enabled so many people to run (they aren't buying them!) cars that they otherwise couldn't afford. People just look at monthly payments and not cost of "ownership".

Yep, welcome to the I phone generation rent. £50 per month phone, £300 per month for an 'aspirational' A4 tdi etc etc. Many not interested in buying anything, including a house. 'Lifestyle choices' travel and experiences rule. Perhaps they sense another 2008 looming.

Forthcoming storm is the crashing residuals of ex pcpd white goods vehicles fuelled by oversupply and dieselgate. The 'recent' typical 12 percent premium on mainstream diesel stuff over petrol has reversed and increasing rapidly with resultant major hits on projected agreed values.

Agreed that to take finance on a rapidly depreciating high value vehicle is crazy....especially if little used. I was taught if you can't afford to buy it you can't afford it full stop. Old school maybe, and a rarity now perhaps compared to most OPC customers, but my cars are all paid for.

[av185]

anonymous said:

[redacted]

But on looking at the obligitory finance quotes provided to me by Porsche at the time before delivery they were way too expensive although no doubt they could have been bettered elsewhere.

[Salamander1978]

Cheib said:

i doubt Top 555 would have three on their website if they thought they'd be stuck with them.

I might be mistaken but I think at least 2 of the 3 have just had price drops.

I looked into getting into one of these last year. And as I was planning on driving the thing wanted to make sure I wasn't entering when it was a falling knife if that was happening. I concluded to hold off 12m and they have shed a bit since then. I got a 458 in the meantime but the RS itch is burning.

Can't work out of the knife has fallen.