981 GT4 high mileage prices
Discussion
Dung8 said:
i know WBAC offered him 58k when he had it inspected, which i guess is a good starting point
I think your starting point will be over £60k if he's already been offered that by OPC? As Boxsey says at £62k its a steal and I dare say if he advertises it provately someone will take him up. I would, but I've already got one £62k about right for a 2 owner 2016 GT4 with 26k miles. Mileage below average but quite a bit above average for a GT4.
PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning.
Sports exhaust is standard.
Spec appears decent although black with red stitching? not the best combo for resale.
I would want a rev readout before agreeing a purchase.
PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning.
Sports exhaust is standard.
Spec appears decent although black with red stitching? not the best combo for resale.
I would want a rev readout before agreeing a purchase.
The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft!
Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
boxsey said:
The availability of PCP is not a major factor in the market for GT4s or other Porsche GT cars. Many are bought without finance and 'many' is misleading because there were only about 600 UK GT4s. So, there are plenty of people with 'cash' to buy them. The market for GT cars doesn't tend to follow other car markets. It's a pretty niche market. If the GT4 follows previous GT cars it will soon hit its low market value point and stay there. Other GT cars have done that and then climbed to a higher value (e.g. the low point for a 996 GT3 was about £35K but they now average about £75K and are still slowly rising).
If I had to guess, I would say the low market value for the GT4 will be £60K. YMMV. So if you're getting it for £62K there's a good change that depreciation will be minimal. However, beware that running costs (fuel, tax, tyres, brakes and servicing) are high. So it's not cheap motoring!
Thank you, this has really given me some clarity and totally makes sense If I had to guess, I would say the low market value for the GT4 will be £60K. YMMV. So if you're getting it for £62K there's a good change that depreciation will be minimal. However, beware that running costs (fuel, tax, tyres, brakes and servicing) are high. So it's not cheap motoring!
Armitage.Shanks said:
I think your starting point will be over £60k if he's already been offered that by OPC? As Boxsey says at £62k its a steal and I dare say if he advertises it provately someone will take him up. I would, but I've already got one
Yes, 60k at OPC, and 62k to me. He doesnt want to spend time trying to sell it privately or SORav185 said:
£62k about right for a 2 owner 2016 GT4 with 26k miles. Mileage below average but quite a bit above average for a GT4.
PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning.
Sports exhaust is standard.
Spec appears decent although black with red stitching? not the best combo for resale.
I would want a rev readout before agreeing a purchase.
I understand that I will lose money, that is a given, I was more worried (crystal ball moment i know), about the market suddenly bottoming out, more for justification to myself than anything. Agreed regarding rev readout, have there been some horror stories then?PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning.
Sports exhaust is standard.
Spec appears decent although black with red stitching? not the best combo for resale.
I would want a rev readout before agreeing a purchase.
jcosh said:
The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft!
Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
Perceived value and someone buying it, totally different i can see. Same for housing market! Why taking so long? is it just the buyer pool being smaller? Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
Dung8 said:
I understand that I will lose money, that is a given, I was more worried (crystal ball moment i know), about the market suddenly bottoming out, more for justification to myself than anything. Agreed regarding rev readout, have there been some horror stories then?
No more than for any manual Porsche really but being a Porsche GT it is always a good idea.Just because the seller is your pal doesn't mean it hasn't been over revved.
jcosh said:
The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft!
Complete idiocy. The engine will have just opened up!Dung8 said:
Geoff39GL said:
I'm told £8k on a 981 GT4.
8k for a warranty?! If you buy at £62k your money will be pretty safe, the market is unlikely to collapse there are not many cars in total and they are just brilliant what has already been stated I agree with, they are likely to bottom out at around £60k. If you look at the Cayman R which was around £50K when new and good cars now 10 years old are still selling for £40k.
If you want it then buy it you will have lots of fun
jcosh said:
The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft!
Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
I agree with the mileage question.Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.
Mine will be five years old in six months time, I have only driven it for fun, and it's high mileage. As a point of comparison if the engine is the prime wear issue, there are now 981 Clubsports that have raced for three years requiring no repairs on engine tear-down. Of course, it would be rude not to renew bearings and rings ...
Geoff39GL said:
No the OPC will look to make £8k so if they buy at £60k they will want to clear £68k
If you buy at £62k your money will be pretty safe, the market is unlikely to collapse there are not many cars in total and they are just brilliant what has already been stated I agree with, they are likely to bottom out at around £60k. If you look at the Cayman R which was around £50K when new and good cars now 10 years old are still selling for £40k.
If you want it then buy it you will have lots of fun
Thank you. Not sure why I am so conscious this time about buying! Maybe because its my first Porsche! I nearly got a cayman R back in 2011 but opted for a 1M which I kept 5 years and came out even! If you buy at £62k your money will be pretty safe, the market is unlikely to collapse there are not many cars in total and they are just brilliant what has already been stated I agree with, they are likely to bottom out at around £60k. If you look at the Cayman R which was around £50K when new and good cars now 10 years old are still selling for £40k.
If you want it then buy it you will have lots of fun
ChrisW. said:
I agree with the mileage question.
Mine will be five years old in six months time, I have only driven it for fun, and it's high mileage. As a point of comparison if the engine is the prime wear issue, there are now 981 Clubsports that have raced for three years requiring no repairs on engine tear-down. Of course, it would be rude not to renew bearings and rings ...
Chris, I think you had one of the first ones...so it might be a year older than you think...time flies when you're having fun Mine will be five years old in six months time, I have only driven it for fun, and it's high mileage. As a point of comparison if the engine is the prime wear issue, there are now 981 Clubsports that have raced for three years requiring no repairs on engine tear-down. Of course, it would be rude not to renew bearings and rings ...
Dung8 said:
Coriander said:
Buy it, you’ll love it, they are amazing fun on road and track, sense of occasion, noise etc.
For sure! that is the aim! I have a Yaris GR CP coming in a few months that will be my daily, and will be overjoyed with these two as my two car garage!
Regarding 26k miles on the GT4, its nothing and the engine won’t even be fully run in yet. Forget the uk obsession with mileage, buy it, enjoy it for what it’s made for.
boxsey said:
Chris, I think you had one of the first ones...so it might be a year older than you think...time flies when you're having fun
Boxsey ... thanks for correcting me My mind has blanked out the last year !
What track days have you planned ? "They" are promising us the key to the cage ...
ChrisW. said:
Boxsey ... thanks for correcting me
My mind has blanked out the last year !
What track days have you planned ? "They" are promising us the key to the cage ...
Only thing in the diary at the moment is a get together at Curborough sprint circuit in July with Darren and Grant (he's just got himself a 718 GT4!). I think Spa and anything in Europe is off the cards this year so will likely only be booking UK tracks when things open up.My mind has blanked out the last year !
What track days have you planned ? "They" are promising us the key to the cage ...
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