GT3 prices going up
Discussion
dibblecorse said:
Nuttcase said:
I don't agree with the view that nothing is moving. During & after my search for a 992 GT3 I counted 17 used 992 GT3s sold from OPCs since early Feb and they are only the ones I was tracking. With the exception of 3 flipped, virtually new, <150 mile cars which were listed for >£200k, all the others were previously listed for less than £200k and some in the £18xk range. The 30+ 992 GT3s for sale now are not the exact same 30+ that were for sale 3 months ago. Even with potential recession looming, bills going up, high interest rates etc, there will always be demand for GT3s and cars that are realistically priced even in a poverty spec will sell. Those that have been sitting for a long time are priced unrealistically such as a 2021 winged, 2 owner, few thousand miles listed for £206k
That may be true of the 992, but my search and info is based on the 991.1 and .2 and its all the same cars virtually with almost no price changes.I agree with those who say rates are now only returning to some sort of rational, long term norm.
I also wonder whether there is another bubble at play here? When many youngsters struggle to even get onto the property ladder, how many will have the spare capital to buy all these exalted GT cars when the likes of us come to hand the keys over? Probably not enough to maintain status quo. Granted, there seem to be plenty of youngsters renting or even still living with parents who are happy to lease an A-Class/A3/1 series, but in still skeptical.
john-j4ty0 said:
this seems a steal then in todays market ? https://www.pistonheads.com/buy/listing/14889651 although ridiculously high mileage ....why would anyone do that to a car 
High mileage? It’s less than 3k pa, hardly used! Digga said:
dibblecorse said:
Nuttcase said:
I don't agree with the view that nothing is moving. During & after my search for a 992 GT3 I counted 17 used 992 GT3s sold from OPCs since early Feb and they are only the ones I was tracking. With the exception of 3 flipped, virtually new, <150 mile cars which were listed for >£200k, all the others were previously listed for less than £200k and some in the £18xk range. The 30+ 992 GT3s for sale now are not the exact same 30+ that were for sale 3 months ago. Even with potential recession looming, bills going up, high interest rates etc, there will always be demand for GT3s and cars that are realistically priced even in a poverty spec will sell. Those that have been sitting for a long time are priced unrealistically such as a 2021 winged, 2 owner, few thousand miles listed for £206k
That may be true of the 992, but my search and info is based on the 991.1 and .2 and its all the same cars virtually with almost no price changes.I agree with those who say rates are now only returning to some sort of rational, long term norm.
I also wonder whether there is another bubble at play here? When many youngsters struggle to even get onto the property ladder, how many will have the spare capital to buy all these exalted GT cars when the likes of us come to hand the keys over? Probably not enough to maintain status quo. Granted, there seem to be plenty of youngsters renting or even still living with parents who are happy to lease an A-Class/A3/1 series, but in still skeptical.
The White Manuel 992 is doing the rounds with dealers,seems like some folk are in just to deep they cant afford to reduce them.
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
Yellow491 said:
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
I agree. I felt, even though QE was ongoing, the BoE should have begun gently hiking rates up.I bought my first house, a 3 bed semi in a decent area, in early 90’s and never before or since have there been such a huge choice for sale in that location. Buyers market and sob stories of negative equity.
Yellow491 said:
Some 992 have sold,some have been rested or taken back by hopeful flippers.Lets face it they are all to expensive,i am a cash buyer and still looking.
The White Manuel 992 is doing the rounds with dealers,seems like some folk are in just to deep they cant afford to reduce them.
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
Yes Yellow scary days those , proper scary . But we are all tightening up a bit ...... a friend of mine , went for the camper parking in a mudfield with NO electricity to save £130 !!!!!!The White Manuel 992 is doing the rounds with dealers,seems like some folk are in just to deep they cant afford to reduce them.
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
hunter 66 said:
Yellow491 said:
Some 992 have sold,some have been rested or taken back by hopeful flippers.Lets face it they are all to expensive,i am a cash buyer and still looking.
The White Manuel 992 is doing the rounds with dealers,seems like some folk are in just to deep they cant afford to reduce them.
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
Yes Yellow scary days those , proper scary . But we are all tightening up a bit ...... a friend of mine , went for the camper parking in a mudfield with NO electricity to save £130 !!!!!!The White Manuel 992 is doing the rounds with dealers,seems like some folk are in just to deep they cant afford to reduce them.
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
Nuttcase said:
I don't agree with the view that nothing is moving. During & after my search for a 992 GT3 I counted 17 used 992 GT3s sold from OPCs since early Feb and they are only the ones I was tracking. With the exception of 3 flipped, virtually new, <150 mile cars which were listed for >£200k, all the others were previously listed for less than £200k and some in the £18xk range. The 30+ 992 GT3s for sale now are not the exact same 30+ that were for sale 3 months ago. Even with potential recession looming, bills going up, high interest rates etc, there will always be demand for GT3s and cars that are realistically priced even in a poverty spec will sell. Those that have been sitting for a long time are priced unrealistically such as a 2021 winged, 2 owner, few thousand miles listed for £206k
I have been looking to buy and had my eye on a few 992 models ,a few Ferrari models and some astons and I see the same stock week in weekout.I am also seeing 992 turbo and gts models being moved around dealers .
I cannot comment on the 992 gt3 as it’s not a car I’m watching or interested in but the rest of the market really isn’t moving .
The bounce back that some were predicting going into the spring/summer hasnt happened!
Car are moving, but as always have to be priced right to get them moved.
I think things will become even more difficult for sellers when the 10,000's of cars sat at Emden start filtering through and the interest rates go up further.
Going to be interesting times for sure, especially at Porche AG push dealers to sell more cars so as to keep increasing sales figures to keep investors happy!
Car are moving, but as always have to be priced right to get them moved.
I think things will become even more difficult for sellers when the 10,000's of cars sat at Emden start filtering through and the interest rates go up further.
Going to be interesting times for sure, especially at Porche AG push dealers to sell more cars so as to keep increasing sales figures to keep investors happy!
hunter 66 said:
Yes Yellow scary days those , proper scary . But we are all tightening up a bit ...... a friend of mine , went for the camper parking in a mudfield with NO electricity to save £130 !!!!!!
Not as scary as what is to come. People have far exceeded their ability to pay back loans if/when rates really spike!Yellow491 said:
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
I know of people who took business loans with rates of 25%+ in the 70's 
Tbf worked out well for them.....now happily sat on the rich list!
Its all game.....just have to learn how to play it well!
Digga said:
Yellow491 said:
I still think money is cheap to borrow today,i remember the 15% plus days and heavy bank loans.
I agree. I felt, even though QE was ongoing, the BoE should have begun gently hiking rates up.I bought my first house, a 3 bed semi in a decent area, in early 90’s and never before or since have there been such a huge choice for sale in that location. Buyers market and sob stories of negative equity.
Everybody wants everything today and as a society we're spoilt rotten with a nearly a generation long era of cheap money from government money printing. The only growth in the UK over the last 20 years has been fuelled by increasing the UK national overdraft facility.
It's all come home to roost big time
All the properties in my local village on the West Wales coast are being bought by middle-aged or elderly English people from the Midlands. Just last week I met my new neighbours who have recently relocated from Lichfield Staffs totally fed up with the pressures of living in a hugely over populated area.
I suspect quite a few houses for sale in your area are due to similar reasons as my example above.
Yellow491 said:
Ha ha,my plan was to park the kamper where no one else was to be for quiet nights and no fn alarms going off.,which failed badly.Then my dinner guests turned up late,eat all my steaks,drank all my wine and left me raped of sustenance
Thank You ..... I will bring extra Red to Spa Still in growth, not recession, even though the BBC would have you thinking recession for the past 6 months lol. PMI’s looking robust as well, in both Europe and the US.
Interest rate futures indicating lower rates in 12months, not sure I agree, but that’s the market.
In other news £117k 24k mile 991.1 PTS voodoo blue….looks a bit rich
https://www.pistonheads.com/buy/listing/14965884?u...
Interest rate futures indicating lower rates in 12months, not sure I agree, but that’s the market.
In other news £117k 24k mile 991.1 PTS voodoo blue….looks a bit rich
https://www.pistonheads.com/buy/listing/14965884?u...
hunter 66 said:
Yellow491 said:
Ha ha,my plan was to park the kamper where no one else was to be for quiet nights and no fn alarms going off.,which failed badly.Then my dinner guests turned up late,eat all my steaks,drank all my wine and left me raped of sustenance
Thank You ..... I will bring extra Red to Spa Digga said:
dibblecorse said:
I've seen that car, is stunning in the flesh, amazed its still around but having been on holiday last 3 weeks I find on my return the same c35 991 GT3s for sale, nothing seems to be moving !!!!!!
My personal take is that the UK may well now be in recession. Hard to see another outcome as all of the chips fall; inflation and the cost of living, interest rates, taxes.Print money for years and it’s bound to happen eventually. Welcome to the hangover party.
And also maybe someone who was thinking about getting a £200k ferrrari or Lamborghini is cutting back by buying
a £140k Porsche .
I know the black gt3 991.2 at JZM sold this week for not far off the £150 k asking .
Also a vanquish S at Grange sold at full asking,but they very generously threw in an extra years warranty (-:
They would not budge a penny.
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