991.1 GT3-RS: GOOD TIME TO BUY...??
Discussion
GT4RS said:
I do agree with some of above, but can’t you see the change in this area of the car market. Things are definitely not the same as two years ago.
The market is flooded with Porsche gt cars with new ones coming for sale daily. Only the low mileage high spec cars at realistic price points are selling and let’s not forget the games certain dealers play, most are on SOR and a number of these get returned to their owners or moved onto different dealers.
If the market was as you said we wouldn’t be having two gt3rs cars end up in BCA of all places. These cars would of got offered via the OPC internal buying network before going to BCA and clearly people felt they are to higher risk.
Those sort of cars end up at auction for a reason, normally a risky history, over revs or miss use , worn PCCB etc etc ie a car a dealer will not warranty.The market is flooded with Porsche gt cars with new ones coming for sale daily. Only the low mileage high spec cars at realistic price points are selling and let’s not forget the games certain dealers play, most are on SOR and a number of these get returned to their owners or moved onto different dealers.
If the market was as you said we wouldn’t be having two gt3rs cars end up in BCA of all places. These cars would of got offered via the OPC internal buying network before going to BCA and clearly people felt they are to higher risk.
As I said the crazy overs last 1month, then we have a drop till they start to sell for real.
I don’t see a change to be fair, as a buyer of a lot of cars yes the markets slower, but there are no bargains as people say.
I bet you £100 to the rspca we will not see a 991.2 GT3 RS at £160k in 12months.
People been talking doom and gloom for 12 months, but I have not seen a bargain yet.
All we have seen with the 991.2 GT3 is more flippers, so a bit of a price war atm still they find a level. Seems plenty of buyers when they drop to £20k overs.
As I said on another thread the cars for sale last month are not the same this month, so there is rolling stock atm but the same over all numbers which people quote.
Edited by Porsche911R on Sunday 9th September 12:04
MDL111 said:
GT4RS said:
Porsche911R said:
No chance we will see a 991.2 GT3 RS at £160k any time soon. Just think what every thing below that model would have to be price wise, if that car dropped £100k.
This forum is a bit skewed, I meet loads of very well off people who were buying cars when they lost 40% or macca sell 5000 PA all of which drop 30% quite fast bar LT models.
Let’s hope the new GT4 is unlimited production.
And if the new 4.0 gt4 with the new revised gt3 engine is unlimited production, which is a high possibility your new gt3 will loose a fair chunk of cash overnight as the next gt3 will also be unlimited production car. At that point demand will settle down even further from it is now and only car enthusiasts will opt to buy a new Porsche gt car in the future. This forum is a bit skewed, I meet loads of very well off people who were buying cars when they lost 40% or macca sell 5000 PA all of which drop 30% quite fast bar LT models.
Let’s hope the new GT4 is unlimited production.
Without sounding rude as I don’t want anyone to loose a large sum of money, I do hope these cars start to become unlimited production models as they will be ordered by car nuts not investors.
The fact that there have been 2 991.1 GT3 RS in BCA (lava ex Apollos car which he sold on and yellow 16 plate unknown source entered at BCA Brighouse) is not symptomatic of a weakening market.
Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
av185 said:
The fact that there have been 2 991.1 GT3 RS in BCA (lava ex Apollos car which he sold on and yellow 16 plate unknown source entered at BCA Brighouse) is not symptomatic of a weakening market.
Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
Im aware of how the OPC Porsche internal buying system works and how cars returned to the finance companies get offered via the network. I’m also aware that a number of finance companies prefer to take cars direct to nominated auction houses once they are collect from the owner at the end of there finance agreement. These are not the first 991 gt3 cars to get to sent to an auction house to be sold by a finance company. If there was money in either of these cars at the end of there owners agreement they would of been traded in or sold privately below the current £160k retail asking prices. The reason they weren’t is due to them having greater owing on them than there true market value. Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
Im aware that the second batch of 991.2 gt3 rs cars will be due early part of next year. I’m unsure if there will be a second batch of non rs cars but they may end up doing what they did with the gt4 and increase production, we already know Porsche UK already opted to drop paint to sample for the UK to increase the number of build slots over the 991.1 gt3.
av185 said:
The fact that there have been 2 991.1 GT3 RS in BCA (lava ex Apollos car which he sold on and yellow 16 plate unknown source entered at BCA Brighouse) is not symptomatic of a weakening market.
Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
I gave my car back to the supplying OPC At 12k Miles. I would think that at 18k miles taking into account just how many cars are for sale in the Network with much lower miles. Can see why they would put it through an Auction.Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
The fact that the 91RS is now 3 years old and still well above its 137k, pre option list. Gives a good steer to which way the Gen 2 RS will play out, in my opinion.
APOLO1 said:
av185 said:
The fact that there have been 2 991.1 GT3 RS in BCA (lava ex Apollos car which he sold on and yellow 16 plate unknown source entered at BCA Brighouse) is not symptomatic of a weakening market.
Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
I gave my car back to the supplying OPC At 12k Miles. I would think that at 18k miles taking into account just how many cars are for sale in the Network with much lower miles. Can see why they would put it through an Auction.Porsche finance invariably sell their cars in BCA Nottingham at top car sales rather than offer them to OPCs. They have done this for many years.
There will be no more 991.2 GT3s and very few GT3 RS. My April 2018 car was my OPCs penultimate car.
The fact that the 91RS is now 3 years old and still well above its 137k, pre option list. Gives a good steer to which way the Gen 2 RS will play out, in my opinion.
I can see the market getting quite interesting in the next three or four months. I reckon there will be a few owners who have run cars for the summer having taken delivery in the first half of the year and will now want to sell. They’ve had their free motoring and will sell for the best price...whatever that is.
The owner of Silverstone Auctions is selling his GT3 Touring in their Porsche sale at the end of the month, be interesting to see what that sells for.
The specialist Pork market in Q4 last year was shocking though the trade did a good job of keeping it quiet. One of the major Porsche specialist dealers was selling 20+ cars a month until September last year. They then struggled to sell 5 cars a month for the next six months.
The owner of Silverstone Auctions is selling his GT3 Touring in their Porsche sale at the end of the month, be interesting to see what that sells for.
The specialist Pork market in Q4 last year was shocking though the trade did a good job of keeping it quiet. One of the major Porsche specialist dealers was selling 20+ cars a month until September last year. They then struggled to sell 5 cars a month for the next six months.
GT4RS said:
Im aware that the second batch of 991.2 gt3 rs cars will be due early part of next year. I’m unsure if there will be a second batch of non rs cars but they may end up doing what they did with the gt4 and increase production, we already know Porsche UK already opted to drop paint to sample for the UK to increase the number of build slots over the 991.1 gt3.
My source who is normally infallible has stated that there will be a second batch of .3RSs next spring with the GPF fitted..However no more .2RSs or GT3s for WLTP markets for obvious reasons..The ROW will get more GT3s and Tourings well into next year due to the DPF not required.Same source states the there will be no WP for WLTP .2RSs as it would require a separate homologation licence..I'm pretty sure that the second batch will be more numerous than the first batch, albeit just my hunch..
Edited by Taffy66 on Sunday 9th September 18:49
I’ve just done a check and a 991.1 gt3 rs with 18k on the clock has a guided trade price of £143k? We know that this doesn’t run true and one would get offered less than this due to the high number of these cars already for sale and the small demand for a car like this with these miles.
The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
Porsche911R said:
RSVP911 said:
I don’t think there is any question that 991.2 GT3 RS price’s will fall another £k80 - £k 100 to about £k 160
No chance we will see a 991.2 GT3 RS at £160k any time soon. Just think what every thing below that model would have to be price wise, if that car dropped £100k.This forum is a bit skewed, I meet loads of very well off people who were buying cars when they lost 40% or macca sell 5000 PA all of which drop 30% quite fast bar LT models.
Let’s hope the new GT4 is unlimited production.
GT4RS said:
I’ve just done a check and a 991.1 gt3 rs with 18k on the clock has a guided trade price of £143k? We know that this doesn’t run true and one would get offered less than this due to the high number of these cars already for sale and the small demand for a car like this with these miles.
The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
You are way off.The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
Wouldn't pay much attention to most 'guide' prices (Parkers?? What Car?? etc) as they are generally clueless on valuing limited run and specialist cars in this price category such as the RS even with the current market.
The Cap Clean price is the most accurate 'guide' that the trade in the know use:
av185 said:
GT4RS said:
I’ve just done a check and a 991.1 gt3 rs with 18k on the clock has a guided trade price of £143k? We know that this doesn’t run true and one would get offered less than this due to the high number of these cars already for sale and the small demand for a car like this with these miles.
The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
You are way off.The suggest guided private buy it price was £152k.
With these figures in mind I would imagine this car may sell close to £140k to a private buyer that fancies a usable gt rs car.
Wouldn't pay much attention to most 'guide' prices (Parkers?? What Car?? etc) as they are generally clueless on valuing limited run and specialist cars in this price category such as the RS even with the current market.
The Cap Clean price is the most accurate 'guide' that the trade in the know use:
[/quoteI will think you will find the figures I have quoted are actually a little on the high side.
No car buyer in there right might would buy that car for 159k or 155k.
Let’s assume its cap clean at 159k trade, that would mean a dealer after there service costs, tyres, brakes, years warranty, full detail, profit, vat on profit would still need to price this car far lower than the 2000 miles car recently sold by Jzm for around 166k and the 2000 mile car currently for sale a Porsche Glasgow at 169k, please note that’s the current advertised price at Glasgow to, so there would be room for negotiations and it would also come with a two year warranty.
I’m afraid your numbers don’t stack up,
GT4RS said:
You are way off.
Wouldn't pay much attention to most 'guide' prices (Parkers?? What Car?? etc) as they are generally clueless on valuing limited run and specialist cars in this price category such as the RS even with the current market.
The Cap Clean price is the most accurate 'guide' that the trade in the know use:[/quote
I will think you will find the figures I have quoted are actually a little on the high side.
No car buyer in there right might would buy that car for 159k or 155k.
Let’s assume its cap clean at 159k trade, that would mean a dealer after there service costs, tyres, brakes, years warranty, full detail, profit, vat on profit would still need to price this car far lower than the 2000 miles car recently sold by Jzm for around 166k and the 2000 mile car currently for sale a Porsche Glasgow at 169k, please note that’s the current advertised price at Glasgow to, so there would be room for negotiations and it would also come with a two year warranty.
I’m afraid your numbers don’t stack up,
I would agree with you on this. Wouldn't pay much attention to most 'guide' prices (Parkers?? What Car?? etc) as they are generally clueless on valuing limited run and specialist cars in this price category such as the RS even with the current market.
The Cap Clean price is the most accurate 'guide' that the trade in the know use:
[/quoteI will think you will find the figures I have quoted are actually a little on the high side.
No car buyer in there right might would buy that car for 159k or 155k.
Let’s assume its cap clean at 159k trade, that would mean a dealer after there service costs, tyres, brakes, years warranty, full detail, profit, vat on profit would still need to price this car far lower than the 2000 miles car recently sold by Jzm for around 166k and the 2000 mile car currently for sale a Porsche Glasgow at 169k, please note that’s the current advertised price at Glasgow to, so there would be room for negotiations and it would also come with a two year warranty.
I’m afraid your numbers don’t stack up,
At times even the best informed price guides are out of sync with the actual market. If a 2k Mile 16 Reg good spec car can have an ask of 169k at an OPC. I don't see how my old car with 18k on a 15 Reg can be any more than an ask of 157k at an OPC. Take from this prep costs, warranty etc, some margin. I would think it would make early140s next time round, that's if a dealer buys it. Would make a great car for someone to buy at these prices. I replaced all the big item parts at 12k mikes.
Porsche911R said:
GT4RS said:
I do agree with some of above, but can’t you see the change in this area of the car market. Things are definitely not the same as two years ago.
The market is flooded with Porsche gt cars with new ones coming for sale daily. Only the low mileage high spec cars at realistic price points are selling and let’s not forget the games certain dealers play, most are on SOR and a number of these get returned to their owners or moved onto different dealers.
If the market was as you said we wouldn’t be having two gt3rs cars end up in BCA of all places. These cars would of got offered via the OPC internal buying network before going to BCA and clearly people felt they are to higher risk.
Those sort of cars end up at auction for a reason, normally a risky history, over revs or miss use , worn PCCB etc etc ie a car a dealer will not warranty.The market is flooded with Porsche gt cars with new ones coming for sale daily. Only the low mileage high spec cars at realistic price points are selling and let’s not forget the games certain dealers play, most are on SOR and a number of these get returned to their owners or moved onto different dealers.
If the market was as you said we wouldn’t be having two gt3rs cars end up in BCA of all places. These cars would of got offered via the OPC internal buying network before going to BCA and clearly people felt they are to higher risk.
As I said the crazy overs last 1month, then we have a drop till they start to sell for real.
I don’t see a change to be fair, as a buyer of a lot of cars yes the markets slower, but there are no bargains as people say.
I bet you £100 to the rspca we will not see a 991.2 GT3 RS at £160k in 12months.
People been talking doom and gloom for 12 months, but I have not seen a bargain yet.
All we have seen with the 991.2 GT3 is more flippers, so a bit of a price war atm still they find a level. Seems plenty of buyers when they drop to £20k overs.
As I said on another thread the cars for sale last month are not the same this month, so there is rolling stock atm but the same over all numbers which people quote.
Edited by Porsche911R on Sunday 9th September 12:04
Nice to see a 991.2 GT3 RS with 4k miles on it....up for £235k at an OPC. Seems like a cheap car to me even given the mileage. I know these cars are mileage sensitive but if you want to keep it for a while and actually use it it's better value than a del mileage car.
https://www.pistonheads.com/classifieds/used-cars/...
https://www.pistonheads.com/classifieds/used-cars/...
Yes say 20k less for 4k miles ... mad world ...maybe a few track days as well , anyway that is the problem will selling so many to "investors" .lots of 20 mile cars around even a few years later so any car that has even been only used lightly is now a Slag and sent to Auction .
Only a recent thing as 997 3.8 RS etc , most have 20k miles ... the last car before investors arrived
Only a recent thing as 997 3.8 RS etc , most have 20k miles ... the last car before investors arrived
Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff