GT3 prices going up

GT3 prices going up

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Discussion

Redline88

399 posts

107 months

Monday 1st May 2023
quotequote all
GT4RS said:
dibblecorse said:
Nuttcase said:
Good spot, thin margin on that, paid 197.2k inc buyers premium and up at 206k ...

Wipe it down and sell it ....

What would retail have been?
A chunk invested for very little return, doesn’t make good business sense.

Maybe the sale fell through on CC.
£190k sale price on CC (not the highest bid but the total amount the car went for incl. fees. I think they do this when it doesn’t hit reserve but they manage to make a deal between the buyer/seller and possibly reduce their fees. So it’s just under £16k mark up - not too bad!

IREvans

1,126 posts

123 months

Monday 1st May 2023
quotequote all
Jefferson Steelflex said:
We’d all want to talk up our own cars, but for me it was no. I appreciate the Gen 2 had subtle revisions in the suspension etc. but apart from the engine pretty much everything else is possible to retro or improve. Centre locks really put me off, and i prefer the Gen 1 styling so personally felt the >£30k premium was not worth it at all.

And the whole comfort thing is done to death, so easy to fit aftermarket seats and a cage if that floats your boat.

Lucky we all like different things, my Gen 1 comfort is the best car i’ve ever had now i’ve gelled with it properly. I’ll probably look at 991.2 GT3 next year and i’ll be wanting a comfort spec on that as well.
I’d agree with you, it’s very hard to justify a c.£30k premium on a gen 2 997GT3, when a gen 1 is such a great car. I’m looking for a speed yellow or guards red 997.1 GT3 - not easy..!


dibblecorse

6,884 posts

193 months

Monday 1st May 2023
quotequote all
Nuttcase said:
Good spot, thin margin on that, paid 197.2k inc buyers premium and up at 206k ...

Wipe it down and sell it ....

What would retail have been?

Deanmg

92 posts

146 months

Tuesday 2nd May 2023
quotequote all
Perhaps they are hoping to make their margin on a finance deal.

dibblecorse

6,884 posts

193 months

Tuesday 2nd May 2023
quotequote all
Deanmg said:
Perhaps they are hoping to make their margin on a finance deal.
Good point, or maybe they are propping up the market a bit .....

MarkM3Evoplus

807 posts

201 months

Tuesday 2nd May 2023
quotequote all
Adam. said:
Nuttcase said:
Pretty uninspiring spec IMHO
I actually really like the spec - would have been my choice apart from black wheels of the current crop for sale

IbanezDan

260 posts

58 months

Tuesday 2nd May 2023
quotequote all
IREvans said:
I’d agree with you, it’s very hard to justify a c.£30k premium on a gen 2 997GT3, when a gen 1 is such a great car. I’m looking for a speed yellow or guards red 997.1 GT3 - not easy..!
I'd have killed for a speed yellow gen2 when I was looking for mine though I don't think one exists in the UK. I did see a gen1 for sale but it had been seriously messed with.

Ultimately, like I've said before, buy based on condition. I found that most of the gen1's I had been to look at were well kept cars but had a history. The gen2's being 4/5 years newer mostly seemed to still be within Porsche warranty and were generally a lot better kept/original. That's probably another reason for the extra premium... The 3.8 is an awful lot more refined on startup and driving than the 3.6 too (in a good way).

Clubsport/comfort argument - sure the space is nice in the rear but now I have a clubsport, I wouldn't ever want a comfort. Its so much more special inside with carbon buckets and a roll cage biggrin Though I am sure when I come to do a decent enough road trip in it I'll be hating on the cage!



Edited by IbanezDan on Tuesday 2nd May 13:26

RC1

4,101 posts

220 months

Wednesday 3rd May 2023
quotequote all
IREvans said:
Jefferson Steelflex said:
We’d all want to talk up our own cars, but for me it was no. I appreciate the Gen 2 had subtle revisions in the suspension etc. but apart from the engine pretty much everything else is possible to retro or improve. Centre locks really put me off, and i prefer the Gen 1 styling so personally felt the >£30k premium was not worth it at all.

And the whole comfort thing is done to death, so easy to fit aftermarket seats and a cage if that floats your boat.

Lucky we all like different things, my Gen 1 comfort is the best car i’ve ever had now i’ve gelled with it properly. I’ll probably look at 991.2 GT3 next year and i’ll be wanting a comfort spec on that as well.
I’d agree with you, it’s very hard to justify a c.£30k premium on a gen 2 997GT3, when a gen 1 is such a great car. I’m looking for a speed yellow or guards red 997.1 GT3 - not easy..!
stick to your guns. ive got a CS in cobalt blue with pccbs and its epic. theres a reason they get the kudos they do. theyre epic and thats coming from a high octane looner thats into track days on motorbikes

LemonTart

1,373 posts

135 months

Friday 5th May 2023
quotequote all
PinkHouse said:
JZM 991.2 is now down to £121.9k
Looks to be reserved now

dibblecorse

6,884 posts

193 months

Friday 5th May 2023
quotequote all
LemonTart said:
PinkHouse said:
JZM 991.2 is now down to £121.9k
Looks to be reserved now
Guess we will never know what it went for as was SOR, they gave me a bottom line on it 5 weeks ago and the 121.9k it was readertised for is below that number!!

Good buy for someone.

Nuttcase

407 posts

121 months

Friday 5th May 2023
quotequote all
dibblecorse said:
Guess we will never know what it went for as was SOR, they gave me a bottom line on it 5 weeks ago and the 121.9k it was readertised for is below that number!!

Good buy for someone.
They should have called you!

PinkHouse

869 posts

58 months

Friday 5th May 2023
quotequote all
Nuttcase said:
dibblecorse said:
Guess we will never know what it went for as was SOR, they gave me a bottom line on it 5 weeks ago and the 121.9k it was readertised for is below that number!!

Good buy for someone.
They should have called you!
Some dealers can be stubborn and would rather sell to someone else than going back with their tail between their legs after
definitively telling you they wouldn't go below a certain price and dropping it well below that after a few weeks

dibblecorse

6,884 posts

193 months

Friday 5th May 2023
quotequote all
PinkHouse said:
Nuttcase said:
dibblecorse said:
Guess we will never know what it went for as was SOR, they gave me a bottom line on it 5 weeks ago and the 121.9k it was readertised for is below that number!!

Good buy for someone.
They should have called you!
Some dealers can be stubborn and would rather sell to someone else than going back with their tail between their legs after
definitively telling you they wouldn't go below a certain price and dropping it well below that after a few weeks
In fairness to them I did say I wasn't 100% on the car itself and was heading away on holiday for 3 weeks so I have probably slipped off their radar, I also suspect the vendor had a long think about how serious he was about getting out of it as he had had offers below the 121.9k that he had turned down before i arrived, maybe after a couple more he realised thats where the market was.

JZM were impeccable in the way I was treated and I had never been there before, have registered my interest in future cars with them.

GT4RS

4,440 posts

198 months

Saturday 6th May 2023
quotequote all
LemonTart said:
PinkHouse said:
JZM 991.2 is now down to £121.9k
Looks to be reserved now
Looks like someone had a nice buy £120k buy, goes to show if these cars are priced sensibly they sell.

Deanmg

92 posts

146 months

Saturday 6th May 2023
quotequote all
Bet the new owner now thinks its worth £140k wink

GT4RS

4,440 posts

198 months

Saturday 6th May 2023
quotequote all
Deanmg said:
Bet the new owner now thinks its worth £140k wink
£160k

GT4P

5,215 posts

186 months

Saturday 6th May 2023
quotequote all
GT4RS said:
Deanmg said:
Bet the new owner now thinks its worth £140k wink
£160k
Most also own a 718 Gt4 that he thinks is worth £120k;)

av185

18,514 posts

128 months

Saturday 6th May 2023
quotequote all
GT4P said:
GT4RS said:
Deanmg said:
Bet the new owner now thinks its worth £140k wink
£160k
Most also own a 718 Gt4 that he thinks is worth £120k;)
Or in the case of this one which just sold for c£130k.


GT4P

5,215 posts

186 months

Saturday 6th May 2023
quotequote all
rofl

PinkHouse

869 posts

58 months

Saturday 6th May 2023
quotequote all
av185 said:
GT4P said:
GT4RS said:
Deanmg said:
Bet the new owner now thinks its worth £140k wink
£160k
Most also own a 718 Gt4 that he thinks is worth £120k;)
Or in the case of this one which just sold for c£130k.

Just because that's what they were asking doesn't mean they achieved anywhere near that. This similar specced and delivery mile example from an OPC is listed at £114k. https://www.autotrader.co.uk/car-details/202210120...

How is this example worth £16k more?