12 GT4's for sale on PistonHeads and growing
Discussion
Anybody with a modicum of global fiscal awareness will know the whole western world economy is hinged on a precarious financial cliff edge on the point of falling into the abyss as a result of over indebtness on a consumer and government level.As an example today i bought a new bike from a retailer who was pushing 0% finance and when i insisted on paying outright i was offered an immediate 15% discount which i took advantage of.
The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
Taffy66 said:
Anybody with a modicum of global fiscal awareness will know the whole western world economy is hinged on a precarious financial cliff edge on the point of falling into the abyss as a result of over indebtness on a consumer and government level.As an example today i bought a new bike from a retailer who was pushing 0% finance and when i insisted on paying outright i was offered an immediate 15% discount which i took advantage of.
The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
Grim, isn't it! Anyway, did you catch Love Island last night?The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
GT4P said:
It's the whole market not gt4 specific! Do yo you want to take a £100k bath on a gt3rs or a £10k bath on a gt4?
Exactly which gt3rs are you thinking of that might might take a £100k bath? A 991RS can be had for approximately £220-230k, a 7.2RS for £180k. If either car loses £100k the gt4 would halve in price at minimum. short-shift said:
So whilst the prospect of lower prices makes accessing the market for a new buyer easier (and seemingly more attractive) in the short term, the attractiveness of that coud be increasingly offset by the fear of buying into a product that may be more prone to losing value than its stablemates. Which is where - as of a couple of hours ago - I now seem to be standing!
James
I think you're over thinking this - it's simple : there are too many for sale now and prices will fall for this reason and also as we go into winter. They will then hit a level of retail price , I would imagine nearer to just over list (as the 991.1 GT3 is) for lowish milage, well speced cars. James
Buy then.
The depreciation as others say, will then be no worse than any other Porsche - it will probably be better - if I was to spend £k75 / £k80 on a newish Porsche then the GT4 (in this scenario) would be the safest place to put my money. But more importantly at £k 75 - £k 80 they are the best fun car you can buy - outside of a 981 Spyder of course
Relax, wait a few months and buy one.
isaldiri said:
Exactly which gt3rs are you thinking of that might might take a £100k bath? A 991RS can be had for approximately £220-230k, a 7.2RS for £180k. If either car loses £100k the gt4 would halve in price at minimum.
It is not that long ago the gt3/RS depreciated just like any other Porsche model and 997.2gt3rs could be had for £85-90k!In monetary terms I would rather loose half the value of a gt4 than half the current value any RS model but as said before it is all relative
GT4P said:
It's the whole market not gt4 specific! Do yo you want to take a £100k bath on a gt3rs or a £10k bath on a gt4?
Agree with the sentiment - but that would make 991.1 RS's £k100 - only £k 20 more than a GT4 in this scenario. At some point both will stabilise somewhere near list as the 991.1 GT3 has. GT4P said:
isaldiri said:
Exactly which gt3rs are you thinking of that might might take a £100k bath? A 991RS can be had for approximately £220-230k, a 7.2RS for £180k. If either car loses £100k the gt4 would halve in price at minimum.
It is not that long ago the gt3/RS depreciated just like any other Porsche model and 997.2gt3rs could be had for £85-90k!In monetary terms I would rather loose half the value of a gt4 than half the current value any RS model but as said before it is all relative
Most accept that the market is frothy and will come off a little, but IMHO to a level that is no worse depreciation wise than any other Porsche and if all you care about is cost then in time they will be a safer bet than non GT cars.
However , the real point is : they have the added bonus of being soooo much better - I loved normal 911's until I had my first 991 GT3 - within a micro second of driving it, I realised I'd NEVER EVER buy another modern non GT car again. (Then started going back in time on a GT3/RS fest - but that's another story)
These are great cars and I know we are on a values based thread, but come on guys, it's soooooo boring
(GT4P - apologies for general rant tied into a response to your post)
Edited by RSVP911 on Sunday 23 July 08:09
£75k is where I have always seen the gt4 sitting price wise after prices calm down and yes for a RS to loose £100k overnight is not going to happen but if say in 2years time and there is a big financial crash then the gt4 could be less than £50 k but then what happens to all the models above and below so saying a 991 RS would be circa £100-110k could happen in that scenario the more expensive the car the bigger the loss!
GT4P said:
£75k is where I have always seen the gt4 sitting price wise after prices calm down and yes for a RS to loose £100k overnight is not going to happen but if say in 2years time and there is a big financial crash then the gt4 could be less than £50 k but then what happens to all the models above and below so saying a 991 RS would be circa £100-110k could happen in that scenario the more expensive the car the bigger the loss!
Possible but not probable 2008/9 my 5 year old 986s low miles etc was sold £12.5 k what are 5 year old boxsterS worth now £30k? But I did get a new 987CS discounted by 17%. In a crash anything is possible! But as long as you bought with the intention to drive and keep there is nothing to worry about just enjoy and ride out the storm
That's the whole point. Surely, when someone buys a car, whatever it might be, they buy the best they can for their intended purpose - to own, use and, most importantly, enjoy.
All Porsches, and especially the GT models, are terrific class leading cars, but whatever one buys, some depreciation is the inevitable cost of ownership.
This thread is quite tedious because it's far too immersed in conjecture about prices, when the sheer joy of owning and driving these types of cars is far more uplifting and interesting, IMO. Just look at the test reviews of the GT3, GT4, etc on YouTube to be reminded what fantastic cars these are.
All Porsches, and especially the GT models, are terrific class leading cars, but whatever one buys, some depreciation is the inevitable cost of ownership.
This thread is quite tedious because it's far too immersed in conjecture about prices, when the sheer joy of owning and driving these types of cars is far more uplifting and interesting, IMO. Just look at the test reviews of the GT3, GT4, etc on YouTube to be reminded what fantastic cars these are.
I woke at a weekday type hour this morning, sun streaming thru the curtains and my love fast asleep, i thought to myself 'lets take the GT4 for a drive whilst the rest slumber'.
Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
Taffy66 said:
Anybody with a modicum of global fiscal awareness will know the whole western world economy is hinged on a precarious financial cliff edge on the point of falling into the abyss as a result of over indebtness on a consumer and government level.As an example today i bought a new bike from a retailer who was pushing 0% finance and when i insisted on paying outright i was offered an immediate 15% discount which i took advantage of.
The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
Unless you have studied, and continue actively to study economics (?), your opinion is not valuable. And that is not an insult - I apply that to myself equally (even though I have a degree in economics and masters in econometrics). I wouldn't try to comment on something very complicated without having the necessary knowledge. Like, do you have an opinion on the algorithms used to land a SpaceX rocket? This stuff they call science is complicated. The marketplace for specialist cars cooling is an indicator of an impeding global financial crash which will make the 2008 crisis look like a walk in the park..
It seems human nature to develop opinions without having the necessary knowledge to have one. Brexit was a good example...
Someone who does know what he is talking about, and who famously predicted the 2008 crash (generally being a 'bear' ie his views tend to the negative) is Stephen King. He says:
"Forget deflation, debt and deleveraging. The developed world’s single biggest economic problem is an absence of decent productivity growth."
Forget debt.
seawise said:
I woke at a weekday type hour this morning, sun streaming thru the curtains and my love fast asleep, i thought to myself 'lets take the GT4 for a drive whilst the rest slumber'.
Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
Hear hear!Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
seawise said:
I woke at a weekday type hour this morning, sun streaming thru the curtains and my love fast asleep, i thought to myself 'lets take the GT4 for a drive whilst the rest slumber'.
Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
Quick blat down to Rye and back, super roads, and such a sweet, well balanced, honest little car. Are they going to depreciate a bit, yes probably. Would i buy one today if I didn't already own one? Absolutely without hesitation.
That's what this thread should be about. I have (and have had) a lot of Porsches, and got a GT4 in compensation for missing out on a 911R, and it's a little gem.
It was clearly underpriced at new, as is the GT3, so these modest premiums are inevitable. Yes, probably they'll fade away as the market softens, but the GT4 will always be a cracking car.
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