GT4 RS breaks cover then...

GT4 RS breaks cover then...

Author
Discussion

Familymad

857 posts

223 months

Sunday 10th March
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You are very right. They are a bargain against a GTS which is double the monthly. Wonder why they are setting GFV like that ?

TDT

5,289 posts

125 months

Sunday 10th March
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You’d have to be crazy to use Porsche finance with those GFV on this car at present. Other lenders are much less conservative/greedy.

I think it maybe points to Porsche’s caution and not wanting to hold any risk.

kmpowell

3,113 posts

234 months

Sunday 10th March
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Familymad said:
You are very right. They are a bargain against a GTS which is double the monthly. Wonder why they are setting GFV like that ?
IMO you can ignore the 'monthly' amount. Monthlies are just a product of APR + GFV + Screen Price.

GFV is what matters to see what values might be like in the future
APR is what matters from a lender v lender POV
Screen price is what matters from dealer pricing v dealer pricing POV

A quick look on the OPC finder, filtered to 2023 PDK cars, with 1500 miles currently on the clock. After 3yrs (5k miles per year) they are being underwritten around the following marks:

GTS - £45k
GT4 - £61k
GT4RS - £82k

Apply the GFV % differences versus current screen price % differences, and the GTS is hugely over screen-priced. The 4RS is still over priced, but we know they are falling and finding their level. Where as the GT4 has a strong residual v screen prices. Gap to fund(GFV v Screen price) on a GT4 is the smallest of the three, which IMO represents really good VFM.

TDT said:
You’d have to be crazy to use Porsche finance with those GFV on this car at present. Other lenders are much less conservative/greedy.

I think it maybe points to Porsche’s caution and not wanting to hold any risk.
The thing is VWFS GFV's are higher than pretty much all the lenders when it comes to PCP, but they use a higher APR to counter that (a purchase is charged APR on the loan amount, and a flat rate on the GFV).

smile

MannyLon

1,775 posts

212 months

Sunday 10th March
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Not sure I’d agree that the GT4 has strong residuals having traded mine in and know of others who have.

kmpowell

3,113 posts

234 months

Sunday 10th March
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MannyLon said:
Not sure I’d agree that the GT4 has strong residuals having traded mine in and know of others who have.
I guess it depends what your expectations are and when/how you purchased it. If you paid OPC used prices over the past 18mths, then I suspect it's going to hurt somewhat depending how far past summer '22 you bought it. But if you got one at list, then it'll be pretty normal.

My car was purchased brand new in July 22', with list of £92k. GFV on the car in July this year at 2yrs old is £68k. Not that I'm going to sell, but to get a steer of the market as I am going to need to refinance in July, I got 3 various trade bids last month which ranged c£78-83k, which I'd say that is pretty good value in the current market. Going into spring/summer those bids should stay firm, or maybe even increase a bit depending on availability (this time last year there were 3x the amount of GT4's available on OPC locator) of decent spec cars continuing to shrink.

A refinance 3yr GFV I'm being quoted by the finance houses at circa £55-60k. So that'll be 5 years fun motoring for worse case scenario of circa £30-35k depreciation.

That's not bad residual value in the real world, I'd say.

LamedonM

468 posts

48 months

Sunday 10th March
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That trade in value of £78-83K of July 2022 GT4 is a bit optimistic. A similar one 2 owner bought July 2022 with a list price of £95000+ at a mileage of 5600 miles was estimated today to be 70K trade value by motorway.

The car is not being sold anyway, not PCP but HP

MannyLon

1,775 posts

212 months

Sunday 10th March
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In the current market, they’ll pull your trousers down on trade in.

TDT

5,289 posts

125 months

Sunday 16th June
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TDT said:
ChrisW. said:
Great to see, nice driving smile

I just looked up best lap times at Castle Comb and with Jason Plato driving a 718 GT4 he was only 0.9s slower than driving a GT4RS ... and his magic time in the GT4 was 1.12.6 ...

The law of diminishing returns applies ... no matter so long as one is having fun, the learning is in the journey. I firmly believe that fun on track leads to less hoon on the road smile
Yep. I only saw Platos lap in the evening after i got home as some else had mentioned it on the day.

Now i have a reference! Lol.
Just to put a bow on this... Back at Castle Combe... On worn Cup2 N1 (6 previous events) Closing down a 992 GT3 MR and keeping in front of a hard charging 991.2 GT3 RS WP..

Back to back 1m12.7x with a theoretical of 1m12.36.



lucianfreud

11 posts

41 months

Sunday 16th June
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kmpowell said:
Familymad said:
£70 ish K GFV on one then. Thanks for the tip on the Porsche finance GB website.

Oddly makes them quite a chunk more than a 992 GT3 to own.
Yup, and when you compare the underwritten GFV's on the GT4 v the 4RS, it shows what an absolute bargain the 'normal' GT4 currently is.
I genuinely don’t think it’s even worth worrying about or comparing the relative cost of the GT4 vs the 4RS.
The 4RS is a GT4 on crystal meth - it’s on a total different level in terms of performance and engagement.

ChrisW.

6,658 posts

261 months

Monday 17th June
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But still not considered by EVO to be a "Supercar" and not designed by Porsche to be the equivalent of a GT3RS ... and they will be built into autumn 2025 ???

Nice car but ??

TDT

5,289 posts

125 months

Monday 17th June
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What is a supercar these days?! Being a 911?! Haha, c’mon Chris…

4RS, looks likely to be built until summer next year by all indications.

4RS has ‘supercar’ performance in a UK road suitable package.
‘Supercar’ theatrics, quirks, and a party trick… definitely.

Most direct road-race car equivalence since probably 996 GT3’s to their related Cup car. Exactly the same power unit and gearbox, BIW, suspension architecture and castings.

Used prices finding proper level and build slots available at list without games if you really want.

GT3 RS always moves on…. 992 3RS is a totally different kettle of fish to 991 3RS. And the road cars are quite alot different than the race cars if you are looking at motorsport lineage if thats important to you.

4RS was never ‘intended’ to be the equivalent of a 911 3RS.
MSRP should have been the tell tale sign of that.
Only that the overs market had brought them into the same market segment.

98% of people will not be quicker in a 3RS (991 or 992) than they would be in 4RS.


MannyLon

1,775 posts

212 months

Monday 17th June
quotequote all
ChrisW. said:
But still not considered by EVO to be a "Supercar" and not designed by Porsche to be the equivalent of a GT3RS ... and they will be built into autumn 2025 ???

Nice car but ??
Who cares what journos think. Drive it, if you like it, buy it.
I drove a few super cars before choosing the RS.

lucianfreud

11 posts

41 months

Monday 17th June
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Previously I’ve owned a 991.1 GT3RS, a 991.2 GT3RS and a 991 GT2RS and there is no doubt in my mind that when you put your foot down in a GT4RS it absolutely blows them all away in terms of visceral engagement behind the wheel……

ChrisW.

6,658 posts

261 months

Monday 17th June
quotequote all
TDT said:
What is a supercar these days?! Being a 911?! Haha, c’mon Chris…

4RS, looks likely to be built until summer next year by all indications.

4RS has ‘supercar’ performance in a UK road suitable package.
‘Supercar’ theatrics, quirks, and a party trick… definitely.

Most direct road-race car equivalence since probably 996 GT3’s to their related Cup car. Exactly the same power unit and gearbox, BIW, suspension architecture and castings.

Used prices finding proper level and build slots available at list without games if you really want.

GT3 RS always moves on…. 992 3RS is a totally different kettle of fish to 991 3RS. And the road cars are quite alot different than the race cars if you are looking at motorsport lineage if thats important to you.

4RS was never ‘intended’ to be the equivalent of a 911 3RS.
MSRP should have been the tell tale sign of that.
Only that the overs market had brought them into the same market segment.

98% of people will not be quicker in a 3RS (991 or 992) than they would be in 4RS.
smile

fridaypassion

9,196 posts

234 months

Monday 17th June
quotequote all
Whats the latest on 4RS allocations? I've heard one or two eyebrow raising anecdotes of people getting other RS cars at list with no buying history now the overs thing looks to be dead. I might fancy one but would need a drive in one first. Got my fingers burnt with the 991 RS.

Is it right that the 4RS has a lower final drive than the 911? That was one of the many rubbish things about the 911 the gearing was just way too long.

TDT

5,289 posts

125 months

Monday 17th June
quotequote all


So 991.2 GT3 RS ratios… but with a 20inch wheel to give the shortest effective gearing of any production GT car to date.


Edited by TDT on Monday 17th June 22:54