991 GT3 RS sensible time to buy ?

991 GT3 RS sensible time to buy ?

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Discussion

kev.vr6

215 posts

207 months

Tuesday 11th July 2017
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I think that the 991.1 RS will stay around the £200k -£250k mark and the 991.1 gt3 will stay where the are.
I reckon that 991.2 GT3's will be around £200k and the manuals will be anywhere between £200k - £300k ( could probably start a whole discussion on that alone!) and will effect the prices of the 911R as that will no longer be the ultimate manual

Manuals are built later in the year so at least 9 months before delivery and the flippers appear.

I think that the RS's will be £300k+ as if the rumours are correct it will be the last ultimate GT3 with the engine the way round it is and next generation will be mid engine so will only make residuals better.

One of my customers has been on the list for a 991.2 RS for 4 years and doubts it will be here until late next year as the 918 customers will get theirs first and they are still testing and not even a lap time yet.
I am trying to get him to order PTS Riviera blue or Grigio Telesto

Dealers will have big margins in these if they actually own them but imagine a lot are SOR and they will work on a big commission without having the worry of a changing market and them risking loosing money and the 1 owner cars who would have only paid £150k - £160k new will still be making a lot of money so can price them to sell.

MDL111

6,950 posts

177 months

Tuesday 11th July 2017
quotequote all
kev.vr6 said:
I think that the 991.1 RS will stay around the £200k -£250k mark and the 991.1 gt3 will stay where the are.
I reckon that 991.2 GT3's will be around £200k and the manuals will be anywhere between £200k - £300k ( could probably start a whole discussion on that alone!) and will effect the prices of the 911R as that will no longer be the ultimate manual

Manuals are built later in the year so at least 9 months before delivery and the flippers appear.

I think that the RS's will be £300k+ as if the rumours are correct it will be the last ultimate GT3 with the engine the way round it is and next generation will be mid engine so will only make residuals better.

One of my customers has been on the list for a 991.2 RS for 4 years and doubts it will be here until late next year as the 918 customers will get theirs first and they are still testing and not even a lap time yet.
I am trying to get him to order PTS Riviera blue or Grigio Telesto

Dealers will have big margins in these if they actually own them but imagine a lot are SOR and they will work on a big commission without having the worry of a changing market and them risking loosing money and the 1 owner cars who would have only paid £150k - £160k new will still be making a lot of money so can price them to sell.
I still think there are too many cars (overall in that price bracket) and too much cheap money as well as the U.K. Will imo go down the drain thanks to brexit, so all of the above is one possibility but I can just as easily see one where these cars are suddenly worth rather less. And I personally think you should not buy a car with a view that it will make or hold money

majordad

3,601 posts

197 months

Sunday 16th July 2017
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So, what's a 2016 RS in Lava with Ceramics worth now ? Min/Max.

Porsche911R

21,146 posts

265 months

Monday 17th July 2017
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majordad said:
So, what's a 2016 RS in Lava with Ceramics worth now ? Min/Max.
well Mayfairs is still for sale at £199k so less than that.

isaldiri

18,589 posts

168 months

Monday 17th July 2017
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majordad said:
So, what's a 2016 RS in Lava with Ceramics worth now ? Min/Max.
Entirely mileage dependent surely?

Cheib

23,255 posts

175 months

Monday 17th July 2017
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isaldiri said:
majordad said:
So, what's a 2016 RS in Lava with Ceramics worth now ? Min/Max.
Entirely mileage dependent surely?
I suspect a lot less dependant when you're selling rather than buying!

Cheib

23,255 posts

175 months

Monday 17th July 2017
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Tom Hartley Jr has just sold a GT3 RS before advertising it which presumably means it was cheap

https://twitter.com/TomHartleyjnr/status/886874678...

That looks very much like Richard Hammond's old car which Romans sold in April

https://twitter.com/RomansCars/status/857208810292...

Be interesting to know where Mr Hartley did the deal on that...he's clearly no fool when it comes to buying and selling cars.


RSVP911

8,192 posts

133 months

Monday 17th July 2017
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Porsche911R said:
well Mayfairs is still for sale at £199k so less than that.
Very mileage sensitive - that one has > 10,000 miles - most seem to be marketed at £k210-£K225 - but hey, you know this already.
Mines got 1800 miles on - must be worth about 50p smile


Salamander1978

38 posts

95 months

Tuesday 18th July 2017
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Most of the cars in the 210-220 bracket have been around for quite some time. Any idea what trade bids are likely to be on 991.1 RSs? I guess that's the real indicator.

Also any views on whether these will see the winter cycle dips in prices or is this just an urban myth?

AndrewD

7,538 posts

284 months

Tuesday 18th July 2017
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RSVP911 said:
Very mileage sensitive - that one has > 10,000 miles - most seem to be marketed at £k210-£K225 - but hey, you know this already.
Mines got 1800 miles on - must be worth about 50p smile
Only because it is salmon pink with stickers smile

cormeist

830 posts

101 months

Tuesday 18th July 2017
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Having gone through the rigmarole of selling a UV 2016 car, i can honesty say, 1 out of 10 traders will write you a cheque for these cars, they love to say 'oh we have potential buyers' 'so we can SOR for you' but the truth of the matter is, a trade bid on my car was at £180-190k..... with the right spec, and 1600 miles.. now ponder on that!

I love the cars and only sold as i wasn't prepared to loose £30,40k , with having to pay overs also made o% sense, im now in a GT3 and can sleep at night

Salamander1978

38 posts

95 months

Tuesday 18th July 2017
quotequote all
cormeist said:
Having gone through the rigmarole of selling a UV 2016 car, i can honesty say, 1 out of 10 traders will write you a cheque for these cars, they love to say 'oh we have potential buyers' 'so we can SOR for you' but the truth of the matter is, a trade bid on my car was at £180-190k..... with the right spec, and 1600 miles.. now ponder on that!

I love the cars and only sold as i wasn't prepared to loose £30,40k , with having to pay overs also made o% sense, im now in a GT3 and can sleep at night

Cormeist did you sell it recently?

Fokker

3,460 posts

222 months

Tuesday 18th July 2017
quotequote all
I don't get the depreciation worries on the 991 RS. It seems some people who buy them are less well off than most who buy standard 911's and Caysters. Everyone who walks into a Porsche dealer to buy a none GT product is going to experience depreciation and quite a lot of it. Owning a new Cayman S for 3 years will cost what, 25-30k in interest and depreciation yet the buyer of a used 991 GT3RS is concerned that they'll lose 10-20k.

Perhaps it's not less well off but tighter or more politely, spoilt?! Perhaps just too used to not making a loss hence no longer buying it for the right reasons which is a huge shame.

The 991 RS was what? £137k new plus options so under 160k all in for a very well spec'd car. GT4's are not far off list now, some only 5k above. There is still huge margin in the RS if lucky enough bought new so putting some miles on them would have you nowhere near list for ages.

If buying used, I don't see them bombing in price at all. The 991.1 GT3 is still commanding well above list, £130k average after what 4 years, helping to bolster the RS further and with the new 991.2 with that special motorsport unit being probably on or above 200k I see the 991RS at a fairly stable buy at 180k.

Furthermore, as it's so obvious, I think Porsche knows it's pushing the limits with production numbers and they'll not be wanting this situation with huge numbers on the used market as we see it across Europe. I think less 991.2 GT3's and RS' will be made imo. Finding proper homes with people who actually want them for so many expensive models is unsustainable imo.


Salamander1978

38 posts

95 months

Tuesday 18th July 2017
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Fokker said:
I don't get the depreciation worries on the 991 RS. It seems some people who buy them are less well off than most who buy standard 911's and Caysters
That's quite some statement! I'm sure it's not just the 'poor folk' who want to try and avoid depreciation if possible!

Wondering when to best time the purchase of a car for which the asking prices have fallen some 60k in 12 months, that is significantly above list, when the newer version is coming out and in a softening economic climate is hardly a characteristic of "being less well off".

I'd say it's cautious. Perhaps overly, admittedly.

Edited to say - your car is absolutely gorgeous!!! Nice one.


Fokker

3,460 posts

222 months

Tuesday 18th July 2017
quotequote all
Salamander1978 said:
Fokker said:
I don't get the depreciation worries on the 991 RS. It seems some people who buy them are less well off than most who buy standard 911's and Caysters
That's quite some statement! I'm sure it's not just the 'poor folk' who want to try and avoid depreciation if possible!

Wondering when to best time the purchase of a car for which the asking prices have fallen some 60k in 12 months, that is significantly above list, when the newer version is coming out and in a softening economic climate is hardly a characteristic of "being less well off".

I'd say it's cautious. Perhaps overly, admittedly.

Edited to say - your car is absolutely gorgeous!!! Nice one.
It was tongue in cheek. I agree that 20k is a fair chunk of cash but my point was comparing it to the purchase of a standard 911 Carrera S for example where 20-30k loss is normal. If people didn't buy the normal stuff and take the losses porsche would cease to exist.

Maybe it's because these are second and third cars where we're losing so much in the Cayennes and don't want to lose on the weekend stuff too.

RSVP911

8,192 posts

133 months

Tuesday 18th July 2017
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AndrewD said:
Only because it is salmon pink with stickers smile
Hi Andrew , you're right - I forgot about the stickers - let's call it 30p smile

nigelonich

1,017 posts

220 months

Wednesday 19th July 2017
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Seen this

http://www.roadandtrack.com/new-cars/a10283723/991...

£200k GBP + $45k isnt 'that' much for a 911 R 'RS' and I wouldnt say its destroyed its value.

AndrewD

7,538 posts

284 months

Wednesday 19th July 2017
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RSVP911 said:
AndrewD said:
Only because it is salmon pink with stickers smile
Hi Andrew , you're right - I forgot about the stickers - let's call it 30p smile
Done. I can come and collect tomorrow?

RSVP911

8,192 posts

133 months

Wednesday 19th July 2017
quotequote all
AndrewD said:
Done. I can come and collect tomorrow?
Andrew ......... come on now ........don't you think that you may have enough 4 wheeled exotica at your disposal already ? smile

AndrewD

7,538 posts

284 months

Wednesday 19th July 2017
quotequote all
RSVP911 said:
AndrewD said:
Done. I can come and collect tomorrow?
Andrew ......... come on now ........don't you think that you may have enough 4 wheeled exotica at your disposal already ? smile
Touche! None that cost 30p though, despite what PH threads like to say about values!