What’s the right price for a 991.2 GT3 ?
Discussion
At the beginning of this thread (April), Minimum prices were quoted as circa £155-£160k and selling close to these prices. We are now seeing ‘Advertised’ prices @ £135k......at OPC’s with a choice of manual or PDK also in Clubsport spec. I imagine BID prices being somewhat lower for those looking to ‘jump ship’ before they start to lose on their ‘investment’.
It’s only taken just over a year for the gen2 prices to get back to list price.....still good value for those that bought at list.......not so good for the ‘investment fraternity’ that bought at overs. 20k drop in 4 months is good going ;-) For those that bought at overs to get one to drive and accept the drop for what it is.....fair play.
I think we are finally starting to see a return to normal depreciation. This can only be a good thing, as cars will return to being bought by enthusiasts intending to drive them. Looking forward to the return of seeing more GT3’s on track......I might even be in one myself the way the prices are heading ;-)
It’s only taken just over a year for the gen2 prices to get back to list price.....still good value for those that bought at list.......not so good for the ‘investment fraternity’ that bought at overs. 20k drop in 4 months is good going ;-) For those that bought at overs to get one to drive and accept the drop for what it is.....fair play.
I think we are finally starting to see a return to normal depreciation. This can only be a good thing, as cars will return to being bought by enthusiasts intending to drive them. Looking forward to the return of seeing more GT3’s on track......I might even be in one myself the way the prices are heading ;-)
OPC prices are still £150k+ for 18 18 sub 4k mile proper spec 1 owner max 2 pccb braked cs cars and they are selling quickly too.
As ever it is the poor/odd spec higher mileage multi owned early cars with steel brakes that hang around even at lower prices and these unsurprisingly are the ones people quote when judging the market and perhaps looking to buy.
This is a prime example.
But the car is non CS with comforts. CS car would be early £150ks.
Others at this price with steels, poor spec, early car, 'high' mileage, no leather or 4 to 5 owners.
Interesting that 5 year old proper spec and mileage OPC 991.1 GT3s are still selling at over list £.
The other interesting aspect to this is that 981 GT4 prices are actually rising even at this time of year due to a number of factors regarding the 718 GT4 and limited number of proper spec and mileage 981 GT4 cars and there is a thread now running as such.
This could well be replicated early next year/next Spring with the 981 Spyder and 991.2 GT3 as owners hang on to proper spec cars, supply dwindles and they see the anticipated much more expensive and quieter 718 and 992 as a less attractive alternative.
You heard it here first.
As ever it is the poor/odd spec higher mileage multi owned early cars with steel brakes that hang around even at lower prices and these unsurprisingly are the ones people quote when judging the market and perhaps looking to buy.
This is a prime example.
But the car is non CS with comforts. CS car would be early £150ks.
Others at this price with steels, poor spec, early car, 'high' mileage, no leather or 4 to 5 owners.
Interesting that 5 year old proper spec and mileage OPC 991.1 GT3s are still selling at over list £.
The other interesting aspect to this is that 981 GT4 prices are actually rising even at this time of year due to a number of factors regarding the 718 GT4 and limited number of proper spec and mileage 981 GT4 cars and there is a thread now running as such.
This could well be replicated early next year/next Spring with the 981 Spyder and 991.2 GT3 as owners hang on to proper spec cars, supply dwindles and they see the anticipated much more expensive and quieter 718 and 992 as a less attractive alternative.
You heard it here first.
Edited by av185 on Monday 9th September 10:16
Edited by av185 on Monday 9th September 10:41
I have two friends, generally influenced by Instagram exhaust-based videos who have bought lairy coloured 991.1 GT3 RSs despite not being that knowledgeable about performance cars, let alone track day enthusiasts.
For them, they look wild, get attention, and are seen as relatively safe bets. More importantly, they have no idea they have the 'older' cars.
Makes me wonder if this mentality is more widespread now GT cars can be driven like daily drivers. And of course the 991.1 being PDK only, anyone can drive them quickly too. Therefore, despite there being tons of cars out there, there is a healthy buying market still.
For them, they look wild, get attention, and are seen as relatively safe bets. More importantly, they have no idea they have the 'older' cars.
Makes me wonder if this mentality is more widespread now GT cars can be driven like daily drivers. And of course the 991.1 being PDK only, anyone can drive them quickly too. Therefore, despite there being tons of cars out there, there is a healthy buying market still.
thelostboy said:
I have two friends, generally influenced by Instagram exhaust-based videos who have bought lairy coloured 991.1 GT3 RSs despite not being that knowledgeable about performance cars, let alone track day enthusiasts.
For them, they look wild, get attention, and are seen as relatively safe bets. More importantly, they have no idea they have the 'older' cars.
Makes me wonder if this mentality is more widespread now GT cars can be driven like daily drivers. And of course the 991.1 being PDK only, anyone can drive them quickly too. Therefore, despite there being tons of cars out there, there is a healthy buying market still.
The Porsche purists dislike those who modify their cars, even if the changes address issues with the original.For them, they look wild, get attention, and are seen as relatively safe bets. More importantly, they have no idea they have the 'older' cars.
Makes me wonder if this mentality is more widespread now GT cars can be driven like daily drivers. And of course the 991.1 being PDK only, anyone can drive them quickly too. Therefore, despite there being tons of cars out there, there is a healthy buying market still.
The polishers look on aghast at the track-rats, and vice versa.
The drivers laugh at the garage queen collector-owners who buy a car but never drive it. The collector owners look on smugly as the driven cars depreciate below the mint, unused examples.
If your two friends have bought cars they enjoy then IMHO, that's fine.
DappaD said:
At the beginning of this thread (April), Minimum prices were quoted as circa £155-£160k and selling close to these prices. We are now seeing ‘Advertised’ prices @ £135k......at OPC’s with a choice of manual or PDK also in Clubsport spec. I imagine BID prices being somewhat lower for those looking to ‘jump ship’ before they start to lose on their ‘investment’.
It’s only taken just over a year for the gen2 prices to get back to list price.....still good value for those that bought at list.......not so good for the ‘investment fraternity’ that bought at overs. 20k drop in 4 months is good going ;-) For those that bought at overs to get one to drive and accept the drop for what it is.....fair play.
I think we are finally starting to see a return to normal depreciation. This can only be a good thing, as cars will return to being bought by enthusiasts intending to drive them. Looking forward to the return of seeing more GT3’s on track......I might even be in one myself the way the prices are heading ;-)
Agree Dappa. It’s only taken just over a year for the gen2 prices to get back to list price.....still good value for those that bought at list.......not so good for the ‘investment fraternity’ that bought at overs. 20k drop in 4 months is good going ;-) For those that bought at overs to get one to drive and accept the drop for what it is.....fair play.
I think we are finally starting to see a return to normal depreciation. This can only be a good thing, as cars will return to being bought by enthusiasts intending to drive them. Looking forward to the return of seeing more GT3’s on track......I might even be in one myself the way the prices are heading ;-)
Prices have softened quickly for the 991.2 gt3. A poster on here mentioned he was able to secure a very low miles car to the spec he wanted for only 5k over list and that was around Christmas time!
Now we are starting to see cars being advertised more regularly at list in all different specifications can only mean trade bids are below list.
Like other say, for the ones who have bought to dive and enjoy it makes little difference as they would of already factored in a level of motoring depreciation into their original purchase decision.
This obviously doesn’t help any of us as there is a knock on effect happening.
av185 said:
Interesting that 5 year old proper spec and mileage OPC 991.1 GT3s are still selling at over list £.
The other interesting aspect to this is that 981 GT4 prices are actually rising even at this time of year due to a number of factors regarding the 718 GT4 and limited number of proper spec and mileage 981 GT4 cars and there is a thread now running as such.
This could well be replicated early next year/next Spring with the 981 Spyder and 991.2 GT3 as owners hang on to proper spec cars, supply dwindles and they see the anticipated much more expensive and quieter 718 and 992 as a less attractive alternative.
You heard it here first.
^^^ This seems plausible to me and it's what happened with the 997 GT3, isn't it? The other interesting aspect to this is that 981 GT4 prices are actually rising even at this time of year due to a number of factors regarding the 718 GT4 and limited number of proper spec and mileage 981 GT4 cars and there is a thread now running as such.
This could well be replicated early next year/next Spring with the 981 Spyder and 991.2 GT3 as owners hang on to proper spec cars, supply dwindles and they see the anticipated much more expensive and quieter 718 and 992 as a less attractive alternative.
You heard it here first.
I've bought my car in the expectation that the market will soften, but may or may not eventually harden. If it does, then great; if not, then hopefully it will be irrelevant as I intend to keep the car long term in any case. The 991.2 GT3 really takes some beating (whatever the spec) for £135-150k, and assuming that I'm getting plenty of fun out of it, I'd expect to be paying for it in some depreciation at least.
Long term, I would expect the 991.2 to fare much better than 991.1 because it doesn't come with the baggage of failures and because it is not only newer but (IMHO) the better car. However, the economy may be a vastly different place over the next year or so ...
Just had a quick look, Porsche Kendal's GT3 with PCCB, CS, Bucket seats, leather dash, is about the lowest priced good spec car, thats priced at 146K. So thats where the price is at the moment, probably 10K over list.
If someone poorly specced their car at the outset, then those cars may well be under list, and there are some bad specced GT3 cars out there.
If someone poorly specced their car at the outset, then those cars may well be under list, and there are some bad specced GT3 cars out there.
gt3rswp said:
quite a low spec and for a GT3 higer than normal miles.So quite expensive imo.
https://www.jzmporsche.com/used-vehicle-details/Po...
£139k 1/2 the miles and all the spec.
Edited by Porsche911R on Monday 9th September 14:05
Prices have softened .The only 18 plate cars I can see when I put 18 and under 4K miles in seArch on ph over 150k have under 600 miles on the clock so pretty much new cars.
As was mentioned few cars under 140k now ,including club sports with ceramics .A few months ago there were none apart from one private sale car.
Be interesting to see brexit effect especially if there is no deal and prices of next gt3 increase dramatically.
Cars brilliant though any spec you like ,just buy one if you are thinking of getting one .
As was mentioned few cars under 140k now ,including club sports with ceramics .A few months ago there were none apart from one private sale car.
Be interesting to see brexit effect especially if there is no deal and prices of next gt3 increase dramatically.
Cars brilliant though any spec you like ,just buy one if you are thinking of getting one .
AD64 said:
AV185 - the Hatfield Crayon GT3 CS is now £143K - am I missing something about the spec?
No it is a good spec and mileage cs although one of the first 2017 cars.Crayon has actually declined in popularity in the UK in contrast to the US where it was by far the most popular colour ordered new on the GT3.
Some like it and each to their own but as a colour for a GT3 imo it is too drab especially with the grey trim and platinum stitching it's all a bit, well, grey.
Maybe that's the problem.
C. Grimsley said:
Well I bought a Gt3 to replace my older gen one today, wasn’t going to get an rs and the ones that are for sale are too expensive.
2017 full spec and 20 miles, one silly sod owner lol (why wouldn’t you use it)
Carl
Wow! Nearly two years sat in his garage! Honestly have no idea how you can do that.2017 full spec and 20 miles, one silly sod owner lol (why wouldn’t you use it)
Carl
Congrats!
yes good buy!
I think the ideal would be for people to use them and have just slow depreciation so that they get good use out of them, a fair price and the next owner then gets good use out of it as it continues down a slow curve. Until at some point there is a new gold rush at the top end for new cars and then owner 5 or 6 manages to make a few bob, not much, just enough to pay running costs and a bit more.
That would maximise the enjoyment factor for what is a fantastic piece of machinery.
I think the ideal would be for people to use them and have just slow depreciation so that they get good use out of them, a fair price and the next owner then gets good use out of it as it continues down a slow curve. Until at some point there is a new gold rush at the top end for new cars and then owner 5 or 6 manages to make a few bob, not much, just enough to pay running costs and a bit more.
That would maximise the enjoyment factor for what is a fantastic piece of machinery.
JZM have listed a Good/High spec manual CS for just under £140k today
https://www.jzmporsche.com/used-vehicle-details/Po...
https://www.jzmporsche.com/used-vehicle-details/Po...
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