12 GT4's for sale on PistonHeads and growing

12 GT4's for sale on PistonHeads and growing

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Porsche911R

21,146 posts

266 months

Saturday 14th March 2020
quotequote all
A big % new owners were old owners as a part ex helps you get one, so it was always going to happen.

Cars are dropping so £69k gets you a full spec lower miles car now.

Good news really , imo be £59k by winter and will stick about that price.

I expect more cars and yet further price drops as it stands atm as no one’s buying at today’s prices.

Aim for £65k for a bucket seated sub 15k mile car atm. Every thing else is over valued.

Car was only £64k list price remember, so people have had very cheap motoring.

GT4RS

4,435 posts

198 months

Saturday 14th March 2020
quotequote all
Porsche911R said:
A big % new owners were old owners as a part ex helps you get one, so it was always going to happen.

Cars are dropping so £69k gets you a full spec lower miles car now.

Good news really , imo be £59k by winter and will stick about that price.

I expect more cars and yet further price drops as it stands atm as no one’s buying at today’s prices.

Aim for £65k for a bucket seated sub 15k mile car atm. Every thing else is over valued.

Car was only £64k list price remember, so people have had very cheap motoring.
Very few cars actually sold for 64k new as this would mean a standard trim car, I would image 10k of extras would of made a nice spec car at the time. So I guess many would of been around 75k new, but like you say even if an owner px it back in for 60k now and it’s then retailed high 60k by a opc, the owners still had cheap motoring imo. 15k drop on a 75k car over 3 years is not to bad as long as you have driven and enjoyed it around 5k miles a year I guess. The ones who may be at the greatest loss are the ones who purely bought as a investment and not enjoyed thousands of miles of driving enjoyment.

I think your sticker price prediction of 59k by winter may be correct, it’s going to be a hard year for the sports car market imo.

RSVP911

8,192 posts

134 months

Saturday 14th March 2020
quotequote all
GT4RS said:
Porsche911R said:
A big % new owners were old owners as a part ex helps you get one, so it was always going to happen.

Cars are dropping so £69k gets you a full spec lower miles car now.

Good news really , imo be £59k by winter and will stick about that price.

I expect more cars and yet further price drops as it stands atm as no one’s buying at today’s prices.

Aim for £65k for a bucket seated sub 15k mile car atm. Every thing else is over valued.

Car was only £64k list price remember, so people have had very cheap motoring.
Very few cars actually sold for 64k new as this would mean a standard trim car, I would image 10k of extras would of made a nice spec car at the time. So I guess many would of been around 75k new, but like you say even if an owner px it back in for 60k now and it’s then retailed high 60k by a opc, the owners still had cheap motoring imo. 15k drop on a 75k car over 3 years is not to bad as long as you have driven and enjoyed it around 5k miles a year I guess. The ones who may be at the greatest loss are the ones who purely bought as a investment and not enjoyed thousands of miles of driving enjoyment.

I think your sticker price prediction of 59k by winter may be correct, it’s going to be a hard year for the sports car market imo.
That’s putting it mildly - economically Covid 19 is going to make Brexit look like a picnic - declining profits will be irrelevant; cash flow & liquidity is going to become the battleground for business (large & small).

Germany have announced unwavering support from thier state bank - I hope the rest of the world follows this or it will get really nasty.

Genuinely quite a worrying time.

Edited by RSVP911 on Saturday 14th March 11:20

cc3

2,797 posts

117 months

Saturday 14th March 2020
quotequote all
RSVP911 said:
That’s putting it mildly - economically Covid 19 is going to make Brexit look like a picnic - declining profits will be irrelevant; cash flow & liquidity is going to become the battleground for business (large & small).

Germany have announced unwavering support from thier state bank - I hope the rest of the world follows this or it will get really nasty.

Genuinely quite a worrying time.

Edited by RSVP911 on Saturday 14th March 11:20
I agree this could well be the worst crash we have seen. There may well be a lot of distress selling as people lose their jobs and or their businesses fold. The Chinese are about to cause economic carnage through their actions. If people are sitting on illiquid assets like cars and need to sell things like a GT4 will attract ridiculously low bids if at all.

The world is shutting down and borders are closing . Look at Apple’s decision today

RSVP911

8,192 posts

134 months

Saturday 14th March 2020
quotequote all
cc3 said:
I agree this could well be the worst crash we have seen. There may well be a lot of distress selling as people lose their jobs and or their businesses fold. The Chinese are about to cause economic carnage through their actions. If people are sitting on illiquid assets like cars and need to sell things like a GT4 will attract ridiculously low bids if at all.

The world is shutting down and borders are closing . Look at Apple’s decision today
That's an incredible response from Apple - closing all stores for two weeks outside of China - amazing a retailer would do this voluntarily - especially as this will probably get forced on them further down the line in various countries.

Andyoz

2,889 posts

55 months

Saturday 14th March 2020
quotequote all
After the last crash, I made sure I educated myself on the big bad world of economics rather than follow the spoon fed government and mainstream media line.

The commentators I followed are pretty contrarian and looking at the numbers this thing was going to fall hard sometime. It just needed a Black Swan event and what we're witnessing is possibly the biggest ever

I bought my lowly 987 Cayman on the back of this research...I wasn't prepared to put big money into a GT etc with the economy on steroids and so precarious. I might move up the ladder if stuff gets alot cheaper (which I hedged it would).

Liquidity is a big issue and governments won't be able to shore it all up IMO. Watch out for unemployment too. Wait until the US realise next week what a big problem they've got. 100k could have it already.

Porsche911R

21,146 posts

266 months

Saturday 14th March 2020
quotequote all
Andyoz said:
After the last crash, I made sure I educated myself on the big bad world of economics rather than follow the spoon fed government and mainstream media line.

The commentators I followed are pretty contrarian and looking at the numbers this thing was going to fall hard sometime. It just needed a Black Swan event and what we're witnessing is possibly the biggest ever

I bought my lowly 987 Cayman on the back of this research...I wasn't prepared to put big money into a GT etc with the economy on steroids and so precarious. I might move up the ladder if stuff gets alot cheaper (which I hedged it would).

Liquidity is a big issue and governments won't be able to shore it all up IMO. Watch out for unemployment too. Wait until the US realise next week what a big problem they've got. 100k could have it already.
Not being funny but the last bad crash was 87, and if you have been waiting all this time for the next one, that’s not living.

I have owned 76 cars since then and have zero regrets and have had a st load of fun in some of the worlds best drivers cars.

You are a long time dead and 87 was a long time ago.
Life is short don’t waste it.

Andyoz

2,889 posts

55 months

Saturday 14th March 2020
quotequote all
Was at Uni in '87.
Blew enough money on cars in the 90's to last me two decades. Babies and stuff got in the way too.

2008 was just a walk in the park smile

Loving life here

PSB1

3,697 posts

105 months

Thursday 19th March 2020
quotequote all
On the off chance that you're on here, hello to the driver of the Guards (or Carmine?) GT4 in Aldermaston today. Looked great, was good to see another 'enthusiast' out in the wild!

GT3Manthey

4,524 posts

50 months

Thursday 19th March 2020
quotequote all
Porsche911R said:
A big % new owners were old owners as a part ex helps you get one, so it was always going to happen.

Cars are dropping so £69k gets you a full spec lower miles car now.

Good news really , imo be £59k by winter and will stick about that price.

I expect more cars and yet further price drops as it stands atm as no one’s buying at today’s prices.

Aim for £65k for a bucket seated sub 15k mile car atm. Every thing else is over valued.

Car was only £64k list price remember, so people have had very cheap motoring.
I agree. i Paid 74 for decent spec car late 2015 lobbed it out at 79 after 7k miles a year later.
Great cars but no special engine.

New 718 Gt4 owners/flippers are only getting their money back. Games up

Andyoz

2,889 posts

55 months

Thursday 19th March 2020
quotequote all
GT3Manthey said:
Porsche911R said:
A big % new owners were old owners as a part ex helps you get one, so it was always going to happen.

Cars are dropping so £69k gets you a full spec lower miles car now.

Good news really , imo be £59k by winter and will stick about that price.

I expect more cars and yet further price drops as it stands atm as no one’s buying at today’s prices.

Aim for £65k for a bucket seated sub 15k mile car atm. Every thing else is over valued.

Car was only £64k list price remember, so people have had very cheap motoring.
I agree. i Paid 74 for decent spec car late 2015 lobbed it out at 79 after 7k miles a year later.
Great cars but no special engine.

New 718 Gt4 owners/flippers are only getting their money back. Games up
I'm just seeing the same ones from Xmas that weren't shifting even then.

GT3Manthey

4,524 posts

50 months

Thursday 19th March 2020
quotequote all
Andyoz said:
I'm just seeing the same ones from Xmas that weren't shifting even then.
They have been placed on SOR and apart from literally a couple they are being returned.

100k for a GT4 with no Motorsport engine IMO is too much.

Cracking cars but when you can buy a low mileage 981 Gt4 for 30k less its a no brainer plus they sound better !

cc3

2,797 posts

117 months

Thursday 19th March 2020
quotequote all
GT3Manthey said:
They have been placed on SOR and apart from literally a couple they are being returned.

100k for a GT4 with no Motorsport engine IMO is too much.

Cracking cars but when you can buy a low mileage 981 Gt4 for 30k less its a no brainer plus they sound better !
Stock market down 30% maybe 50% by the time this crisis is over. Mirror that on car prices and cars like this will only sell with a big haircut. While the stock market will eventually bounce a bit asset classes like these cars are for the birds we will live in a very different world with changed priorities for many not the few

GT3Manthey

4,524 posts

50 months

Thursday 19th March 2020
quotequote all
cc3 said:
Stock market down 30% maybe 50% by the time this crisis is over. Mirror that on car prices and cars like this will only sell with a big haircut. While the stock market will eventually bounce a bit asset classes like these cars are for the birds we will live in a very different world with changed priorities for many not the few
Tend to agree although a 981 Gt4 for 55k is a great buy.

I did think long and hard on a 991 Gt3 but then went for my now new car 996 Gt3 Manthey which for the cash is an event.

My Manthey isnt a daily whereas the Gt4 is and compared to a cayman Gts its a no brainer

04BAP

113 posts

57 months

Thursday 19th March 2020
quotequote all
cc3 said:
Stock market down 30% maybe 50% by the time this crisis is over. Mirror that on car prices and cars like this will only sell with a big haircut. While the stock market will eventually bounce a bit asset classes like these cars are for the birds we will live in a very different world with changed priorities for many not the few
Personally I couldn't care less if my 981GT4 lost 30% to 50% of its value it will still bring a smile to my face every time I turn the key, now as for a 30% to 50% loss on the stock market I would be pretty pi++ed

Twinfan

10,125 posts

105 months

Thursday 19th March 2020
quotequote all
GT3Manthey said:
100k for a GT4 with no Motorsport engine IMO is too much.

Cracking cars but when you can buy a low mileage 981 Gt4 for 30k less its a no brainer plus they sound better !
I disagree. I've happily paid ~£25k more for a brand new car built to my spec with a factory warranty and the lovely 4.0 engine. I don't think it's a no-brainer, there are pros and cons to each.

A 981 GT4 at £6xk is superb value for money though, they'll fly off the shelves at that price smile

GT3Manthey

4,524 posts

50 months

Friday 20th March 2020
quotequote all
Twinfan said:
I disagree. I've happily paid ~£25k more for a brand new car built to my spec with a factory warranty and the lovely 4.0 engine. I don't think it's a no-brainer, there are pros and cons to each.

A 981 GT4 at £6xk is superb value for money though, they'll fly off the shelves at that price smile
Fair play awesome cars and in this environment drive and enjoy it

Twinfan

10,125 posts

105 months

Friday 20th March 2020
quotequote all
GT3Manthey said:
Fair play awesome cars and in this environment drive and enjoy it
Cheers, and that's exactly what I'm doing. I couldn't give two hoots about future values!

GT3Manthey

4,524 posts

50 months

Friday 20th March 2020
quotequote all
Twinfan said:
Cheers, and that's exactly what I'm doing. I couldn't give two hoots about future values!
Mate that games up so you are doing the right thing.

The thing I loved about my Gt4 was it being an everyday car and also a great track car too in standard form. Its what Porsche do best and others cant match

any pics?

RacerMike

4,209 posts

212 months

Saturday 21st March 2020
quotequote all
GT3Manthey said:
cc3 said:
Stock market down 30% maybe 50% by the time this crisis is over. Mirror that on car prices and cars like this will only sell with a big haircut. While the stock market will eventually bounce a bit asset classes like these cars are for the birds we will live in a very different world with changed priorities for many not the few
Tend to agree although a 981 Gt4 for 55k is a great buy.

I did think long and hard on a 991 Gt3 but then went for my now new car 996 Gt3 Manthey which for the cash is an event.

My Manthey isnt a daily whereas the Gt4 is and compared to a cayman Gts its a no brainer
Wasn’t it the last financial crisis that drove the prices of all the cars up though? Not to say it will, and I certainly don’t care as I’ll be driving mine, but as with all these things, trying to buy at the ‘right’ time is just as much a gamble as buying to earn money via flipping.

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