GT3 prices going up

GT3 prices going up

Author
Discussion

Digga

42,478 posts

294 months

Tuesday 11th February
quotequote all
  • High interest rates.
  • Dire economic outlook.
  • Over 10,000 HNW individuals just left the UK.
  • Highest taxes in decades.
No st, toy car prices are tanking. A lot of cars were only ever rented. PCP rates, if you’ve just come off a 3 or 4 year deal will be a wake up. As Warren Buffet says, when the tide goes out, you get to see who’s swimming naked.

Robbo66

3,907 posts

244 months

Tuesday 11th February
quotequote all
Digga said:
* High interest rates.
  • Dire economic outlook.
  • Over 10,000 HNW individuals just left the UK.
  • Highest taxes in decades.
No st, toy car prices are tanking. A lot of cars were only ever rented. PCP rates, if you’ve just come off a 3 or 4 year deal will be a wake up. As Warren Buffet says, when the tide goes out, you get to see who’s swimming naked.
This. Spyder R/S market. Dead cats won’t bounce at all in Spring.

Throttlebody

2,519 posts

65 months

Tuesday 11th February
quotequote all
The OPCs are starting to try and move the market.



john-j4ty0

94 posts

53 months

Tuesday 11th February
quotequote all
Jones the cat said:
NRG1976 said:
GT4RS said:
Wilmslowboy said:
TDT said:
Priced lower than you think ...are they sure, I can think very low biggrin
Ashgoods sell cars, rather than store cars.
Scores on the doors, what do we think the £ price will be?
£75K
made an enquiry yesterday and its sold (didnt get price or mileage info)

Yellow491

3,145 posts

130 months

Tuesday 11th February
quotequote all
Digga said:
* High interest rates.
  • Dire economic outlook.
  • Over 10,000 HNW individuals just left the UK.
  • Highest taxes in decades.
No st, toy car prices are tanking. A lot of cars were only ever rented. PCP rates, if you’ve just come off a 3 or 4 year deal will be a wake up. As Warren Buffet says, when the tide goes out, you get to see who’s swimming naked.
Cash is king mate.
Pdk knock 30k off ,amazing, oh it aint got front lift,no ceramics etc etc,you just need a car with good brakes,goes like the wind with 3 peddles and no pcp and just smile its a good daysmile

Digga

42,478 posts

294 months

Tuesday 11th February
quotequote all
Yellow491 said:
Digga said:
* High interest rates.
  • Dire economic outlook.
  • Over 10,000 HNW individuals just left the UK.
  • Highest taxes in decades.
No st, toy car prices are tanking. A lot of cars were only ever rented. PCP rates, if you’ve just come off a 3 or 4 year deal will be a wake up. As Warren Buffet says, when the tide goes out, you get to see who’s swimming naked.
Cash is king mate.
Pdk knock 30k off ,amazing, oh it aint got front lift,no ceramics etc etc,you just need a car with good brakes,goes like the wind with 3 peddles and no pcp and just smile its a good daysmile
Agreed.

Plus, in any case, the court order prevents me from swimming naked anyway.

kith

592 posts

256 months

Tuesday 11th February
quotequote all
Going back a few gens, anyone know why this 996 GT3 is sticking around? Appreciate its got sofas but even then, it seems like an absolute bargain:
https://www.ashgood.co.uk/vehicle-details/used-por...

Digga

42,478 posts

294 months

Tuesday 11th February
quotequote all
kith said:
Going back a few gens, anyone know why this 996 GT3 is sticking around? Appreciate its got sofas but even then, it seems like an absolute bargain:
https://www.ashgood.co.uk/vehicle-details/used-por...
Don't know the car. From the pictures, it really does look lovely. Just one of my favourite cars ever.

I cannot see why comfort spec alone would stop the car from selling. TBF Ashgoods are pretty straight talking, as dealer go, if no one else on here knows why it's sticking, you could do worse than ask them a bit more about the car.

ChrisW.

7,373 posts

266 months

Tuesday 11th February
quotequote all
I agree, it looks to me as-if recent ownership has been with a collector / enthusiast and despite little use, regularly serviced.

It would be nice to know who the specialist was ... it would be nice to know that there is no bodywork in the history (other than any done by top notch repairers) ... paint thickness ... underbody inspection ... Ashgoods should be able to help with all this.

Lovely cars ...


Palmball

1,289 posts

185 months

Tuesday 11th February
quotequote all
Throttlebody said:
The OPCs are starting to try and move the market.


I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.

jackwood

2,722 posts

219 months

Tuesday 11th February
quotequote all
Palmball said:
I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.
Congrats!!

Mind sharing who you financed through?

Bulldog80

11 posts

136 months

Tuesday 11th February
quotequote all
Palmball said:
I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.
This is my exact budget. I’m hoping to pick up a 2023 onwards pdk with minimal miles. Be good to know who you financed with if you’re happy to share as that’s not a bad rate. Was it based ins putting a large amount down?

Palmball

1,289 posts

185 months

Tuesday 11th February
quotequote all
jackwood said:
Congrats!!

Mind sharing who you financed through?
Hi Jack, long time no speak.

Was through Anglo Scottish - this rate being provided by Metro bank. If you want an intro to the chap I’ll PM you his details.

Palmball

1,289 posts

185 months

Tuesday 11th February
quotequote all
Bulldog80 said:
This is my exact budget. I’m hoping to pick up a 2023 onwards pdk with minimal miles. Be good to know who you financed with if you’re happy to share as that’s not a bad rate. Was it based ins putting a large amount down?
See above, and no, not deposit dependent (although doubt they’d entertain sub 10%). Indeed, that rate was only available if funding over £100k.

TDT

5,786 posts

130 months

Wednesday 12th February
quotequote all
Palmball said:
I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.
Great work. As I’ve said on other threads… you can make deals… and PFS/VWFS isnt the only way.

jackwood

2,722 posts

219 months

Wednesday 12th February
quotequote all
Palmball said:
jackwood said:
Congrats!!

Mind sharing who you financed through?
Hi Jack, long time no speak.

Was through Anglo Scottish - this rate being provided by Metro bank. If you want an intro to the chap I’ll PM you his details.
Indeed! It’s been a while! Hope you’re well.

And yes please. That would be appreciated. Thank you!

Jack

PRO5T

5,234 posts

36 months

Wednesday 12th February
quotequote all
Digga said:
kith said:
Going back a few gens, anyone know why this 996 GT3 is sticking around? Appreciate its got sofas but even then, it seems like an absolute bargain:
https://www.ashgood.co.uk/vehicle-details/used-por...
Don't know the car. From the pictures, it really does look lovely. Just one of my favourite cars ever.

I cannot see why comfort spec alone would stop the car from selling. TBF Ashgoods are pretty straight talking, as dealer go, if no one else on here knows why it's sticking, you could do worse than ask them a bit more about the car.
I know someone who has viewed it, it's supposed to be very nice with only a little front end (stone chips and splitter-NLA) needing tidying up. He was told the previous owners were the UK importers of RUF Cars UK.

Just my humble opinion as a 996 GT3 owner...

996 GT3 owners/purchasers are a small club so I don't actually believe there are that many bums for seats out there, at least until the 996 GT3 is recognised as one of the all time greats that is is and folk jump on the bandwagon (sort of unrelated but I heard on the grapevine that the next Singer will be a 996 GT3 restomod but I've seen no proof of that).

The 996.2 GT3 is also very much in the same vane as the 964 RS used to be, rather uncompromising for the road and set up for track from factory and due to that, many owners modified cars even more in line for track work making them even more uncompromising.

Then you have the spec police, a silver comfort is a rather dowdy combination for such a weekend special, Clubsports (genuine ones not cars made up from bits) in bright colours fetch good money and sell well.

In fact, the person I know who viewed this particular car was really after the best 996 Carrera he could find but was frustrated at looking at rubbish so viewed this one as an alternative. In reality, a GT3 isn't really what he wants or would enjoy driving.

Go look in the classified, if you fancy a nice standard, no stories, well spec'd 996 GT3 that has been looked after all it's life there aren't many options.

Anyone who's ever sold a classic or "niche" car knows, buyers will find almost any excuse not to buy a car. If it were me, that Ashgoods car is the wrong colour, the wrong seats and doesn't have a good service history. Your views may vary!

Youforreal.

884 posts

15 months

Wednesday 12th February
quotequote all
Palmball said:
Throttlebody said:
The OPCs are starting to try and move the market.


I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.
Congratulations bud, enjoy

ChrisW.

7,373 posts

266 months

Wednesday 12th February
quotequote all
PRO5T said:
Digga said:
kith said:
Going back a few gens, anyone know why this 996 GT3 is sticking around? Appreciate its got sofas but even then, it seems like an absolute bargain:
https://www.ashgood.co.uk/vehicle-details/used-por...
Don't know the car. From the pictures, it really does look lovely. Just one of my favourite cars ever.

I cannot see why comfort spec alone would stop the car from selling. TBF Ashgoods are pretty straight talking, as dealer go, if no one else on here knows why it's sticking, you could do worse than ask them a bit more about the car.
I know someone who has viewed it, it's supposed to be very nice with only a little front end (stone chips and splitter-NLA) needing tidying up. He was told the previous owners were the UK importers of RUF Cars UK.

Just my humble opinion as a 996 GT3 owner...

996 GT3 owners/purchasers are a small club so I don't actually believe there are that many bums for seats out there, at least until the 996 GT3 is recognised as one of the all time greats that is is and folk jump on the bandwagon (sort of unrelated but I heard on the grapevine that the next Singer will be a 996 GT3 restomod but I've seen no proof of that).

The 996.2 GT3 is also very much in the same vane as the 964 RS used to be, rather uncompromising for the road and set up for track from factory and due to that, many owners modified cars even more in line for track work making them even more uncompromising.

Then you have the spec police, a silver comfort is a rather dowdy combination for such a weekend special, Clubsports (genuine ones not cars made up from bits) in bright colours fetch good money and sell well.

In fact, the person I know who viewed this particular car was really after the best 996 Carrera he could find but was frustrated at looking at rubbish so viewed this one as an alternative. In reality, a GT3 isn't really what he wants or would enjoy driving.

Go look in the classified, if you fancy a nice standard, no stories, well spec'd 996 GT3 that has been looked after all it's life there aren't many options.

Anyone who's ever sold a classic or "niche" car knows, buyers will find almost any excuse not to buy a car. If it were me, that Ashgoods car is the wrong colour, the wrong seats and doesn't have a good service history. Your views may vary!
I agree with this ... but the 996GT3 was the start of the GT3 story, in performance terms the 996.2 was a big step up from the .1 and the first car that Preuninger (spelling ?) was involved with ... and if you like silver all of this could be a negotiation. It's been for sale for a while and it's a relatively thin market even if it may become the 964RS of its day. I owned one and apart from the odd disconcerting ping from the suspension it was my daily after a ruinous dalliance with an E46 M3CSL. Look at what's happened to them !

Recent quality maintenance is essential, it's easy to spend £10k sorting out a car with aircon / exhaust / brakes / suspension / cooling issues ... which many have had due to time and wear on radiators, bushes etc. I spent £5k on a Mk1 just out of Porsche extended warranty over 10 years ago ... but it was Zanzibar Red !

ChrisW.

7,373 posts

266 months

Wednesday 12th February
quotequote all
Youforreal. said:
Palmball said:
Throttlebody said:
The OPCs are starting to try and move the market.


I've just bought one from Leeds, mid £150k's for a middling spec (but with PCCB's) 1 year old 1k mile example. Thought that was a decent deal for what is effectively a brand new one. Financed at 7.9%, with a decent RV - a rate not stratospherically off the good old days (obviously not through Porsche who are still in 11.8% cloud cuckoo land). This dealer sold both their GT3's last week; in summary, there's still a market out there and reasonable funding is creeping back.
Congratulations bud, enjoy
Agreed ... with a meeting of minds on values we need to keep the OPC's in business !