997.1 GT3 - 911 Virgin

997.1 GT3 - 911 Virgin

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Discussion

Porsche911R

21,146 posts

266 months

Tuesday 26th February 2019
quotequote all
jcosh said:
But the car in question is advertised at £79K not £60K, or am I missing something?
You seem to be missing the posts above , yes, Some one valued the GT3 at £60k

I said I would buy it at £70k tomorrow no question, 10k more than the other poster valued it.

Porsche911R

21,146 posts

266 months

Tuesday 26th February 2019
quotequote all
GT4RS said:
Porsche911R said:
FocusRS3 said:
does not make that GT3 worth only £60k though lol

I would buy it tomorrow for £10k more than that.
Put your money where your mouth is then and make an offer, you may end up being the new owner smile

From my understanding you are a trader? Would you invest 70k of your business money in this market to only make a 8k return?
I am in I.T, not a trader, cars for me are fun things, and yes I would buy the car tomorrow at £70k.

I always put my money where my mouth is hence the cars I own and buy :-)

OK I'll put in a £70k offer and see what they say, I hope they are not rude as the cars worth more, and there is no way imo they would take £70k

jcosh

1,172 posts

233 months

Tuesday 26th February 2019
quotequote all
Porsche911R said:
jcosh said:
But the car in question is advertised at £79K not £60K, or am I missing something?
You seem to be missing the posts above , yes, Some one valued the GT3 at £60k

I said I would buy it at £70k tomorrow no question, 10k more than the other poster valued it.
Give the dealer a call then, they might be open to offers. As they surely wouldn't question a forum warrior who knows all there is know about the used Porsche GT market.

Porsche911R

21,146 posts

266 months

Tuesday 26th February 2019
quotequote all
jcosh said:
Give the dealer a call then, they might be open to offers. As they surely wouldn't question a forum warrior who knows all there is know about the used Porsche GT market.
what is your point ?

I am saying the cars worth more than £60k.

some one called my bluff so I 'll put a £70k offer in, I bet it will get turned down.

No warrior here, just open, I am talking the GT3 UP, you think I am talking it down, can you read ? :-p

CrashBang

225 posts

156 months

Wednesday 27th February 2019
quotequote all
GT4RS said:
CrashBang said:
jcosh said:
Porsche911R said:
does not make that GT3 worth only £60k though lol

I would buy it tomorrow for £10k more than that.
Hilarious!

We know 911R is on a mission to talk up GT3 prices and talk down GT4 prices. If only he was more subtle about it.

Very amusing.
I cant believe I am saying this, but I agree with 911R

That car is worth more than £60k all day long! - There are 996 GT3's out there with twice the mileage for circa £70k.

I appreciate the market is down, but 70K for a 997 GT3 with 22k is a good buy.
Disagree the 996gt3 at 70k with twice the mileage aren’t shifting, again a lot of these have been for sale for over a year.
Maybe so but the prices are not softening - Yet you think this 997 GT3 is only worth £60k, which is deluded.


FocusRS3

3,411 posts

92 months

Wednesday 27th February 2019
quotequote all
CrashBang said:
Maybe so but the prices are not softening -
That may be more denial than anything else

LaurasOtherHalf

21,429 posts

197 months

Wednesday 27th February 2019
quotequote all
Rhd RS fetches £106k at auction and a LHD RS is up for £94k?

Someone’s having a wobble somewhere.

GT4RS

4,455 posts

198 months

Wednesday 27th February 2019
quotequote all
CrashBang said:
GT4RS said:
CrashBang said:
jcosh said:
Porsche911R said:
does not make that GT3 worth only £60k though lol

I would buy it tomorrow for £10k more than that.
Hilarious!

We know 911R is on a mission to talk up GT3 prices and talk down GT4 prices. If only he was more subtle about it.

Very amusing.
I cant believe I am saying this, but I agree with 911R

That car is worth more than £60k all day long! - There are 996 GT3's out there with twice the mileage for circa £70k.

I appreciate the market is down, but 70K for a 997 GT3 with 22k is a good buy.
Disagree the 996gt3 at 70k with twice the mileage aren’t shifting, again a lot of these have been for sale for over a year.
Maybe so but the prices are not softening - Yet you think this 997 GT3 is only worth £60k, which is deluded.
Asking prices in a falling market is one thing, actually selling it for the asking price is another story. I guess only time will tell, but the highs are gone IMO.

Like I have said before, only the ones who bought to invest will need to get out now, the ones who bought because they love these cars will have the enjoyment of driving them ad they have always wanted to.






BrotherMouzone

3,169 posts

175 months

Thursday 28th February 2019
quotequote all
LaurasOtherHalf said:
Rhd RS fetches £106k at auction and a LHD RS is up for £94k?
I was informed by a trader that the £106k excluded fees.

From the Silverstone Auction T&Cs it’d seem the price shown is the hammer price i.e. excluding fees.

trantorman

88 posts

208 months

Thursday 28th February 2019
quotequote all
Thats a trader, trying to talk up prices.

£106 is the total cost to the buyer including fee's and VAT on the commission. So this is the actual price paid, the owner got 15% less than that, assuming Silverstone did not do a deal and split the commission, to get a sale done, given the car did not sell under the hammer, it sold after the auction, based on what the reported on Saturday evening on there web site.

Mitch911

227 posts

170 months

Thursday 28th February 2019
quotequote all
I thought I saw the car had sold on Saturday night but could be mistaken.

Silverstone always quote sold price post auction including 15% buyer fees so £106k equates to a £92k hammer price. Seller pays 6% on that so would have received ~£87k.

This illustrates where the market is. I don't think all buyers will buy at auction so you have to interpret what the readacross is for private and dealer sales.

FocusRS3

3,411 posts

92 months

Thursday 28th February 2019
quotequote all
Mitch911 said:
I thought I saw the car had sold on Saturday night but could be mistaken.

Silverstone always quote sold price post auction including 15% buyer fees so £106k equates to a £92k hammer price. Seller pays 6% on that so would have received ~£87k.

This illustrates where the market is. I don't think all buyers will buy at auction so you have to interpret what the readacross is for private and dealer sales.
Happens when you need to sell or enter a no reserve auction i guess

BrotherMouzone

3,169 posts

175 months

Thursday 28th February 2019
quotequote all
Somebody picked up a bargain then!

FocusRS3

3,411 posts

92 months

Thursday 28th February 2019
quotequote all
Makes me wonder where 996 RS prices REALLY are too...... Few of those been for sale a good while now too

Mitch911

227 posts

170 months

Thursday 28th February 2019
quotequote all
BrotherMouzone said:
Somebody picked up a bargain then!
I think you are missing the point: this is market value, not a bargain

BrotherMouzone

3,169 posts

175 months

Thursday 28th February 2019
quotequote all
‘Market value’.... that goes without saying.

Digga

40,413 posts

284 months

Thursday 28th February 2019
quotequote all
BrotherMouzone said:
‘Market value’.... that goes without saying.
Wasn't there some discussion about this specific car though?

BrotherMouzone

3,169 posts

175 months

Thursday 28th February 2019
quotequote all
Digga said:
Wasn't there some discussion about this specific car though?
No, different car, as confirmed by ChrisABP (his customer’s car).

Steve Rance

5,453 posts

232 months

Thursday 28th February 2019
quotequote all
FocusRS3 said:
Makes me wonder where 996 RS prices REALLY are too...... Few of those been for sale a good while now too
The 996RS at JZM sold very quickly at circa £170K a week or 2 ago.

Based on this thread someone probably paid £150k too much for it though

GT4RS

4,455 posts

198 months

Thursday 28th February 2019
quotequote all
Steve Rance said:
FocusRS3 said:
Makes me wonder where 996 RS prices REALLY are too...... Few of those been for sale a good while now too
The 996RS at JZM sold very quickly at circa £170K a week or 2 ago.

Based on this thread someone probably paid £150k too much for it though
996 gt3 rs is one of my favourite cars that along with a e30 m3 evo2.... shame they are both to expensive for me to own now as 3rd and 4th cars frown