991 GT3 future value

[av185]

kbooker]v185 said:

Probably only the Speciale which as we all know was subjectively favoured slightly over the GT3 in the recent (Evo?/Top Gear whatever) test despite suggestions that the GT3 was quicker, clearly more usable and the F coming in at £250k against the £116k Porsche.....unbelievable tbh.

But the fact that both these cars will be undoubtedly the last of the n a screamers should, in the medium to long term at least ensure strong residuals further bolstered in the case of the GT3 by lower production numbers and likelihood of no gen 2.......
[/quote

What makes you say no Gen' 2?

Combination of (reasonably) reliable sources........the technological advancement of the car punching well above its weight as shown by the Speciale comparison.......and a bit wishful thinking tbh. :

Perhaps Apollo could shed further light/confirm......are you still there D?

[finmac]

So, three years later - looks like the £85K prediction was just a little out!

[FocusRS3]

finmac said:

So, three years later - looks like the £85K prediction was just a little out!

Just a little :-)

That said , now the new car is almost out there are plenty for sale.

Privately I think 115k will buy you a car but I'd avoid an early car .

When you think a current GT4 can be had for under 80k and you can change gear manually, if that's your thing, I'd go for the Cayman .

[av185]

Fine car that the GT4 undisputedly is, it is no substitute for a GT3.

Really depends on what use you are putting the car to.

Both are great road cars.

[FocusRS3]

av185 said:

Fine car that the GT4 undisputedly is, it is no substitute for a GT3.

Really depends on what use you are putting the car to.

Both are great road cars.

Yup fair point , guess depends on available cash and intended usage .

Think current GT3 with Pdk too fast for the road however so maybe new GT3 manual the perfect car.....if only :-)

[Cheib]

Be interesting to see how prices go from here...I know there's a school of thought 991.1 GT3 prices will get a boost when we see a few 991.2 GT3's hit the market and with the new 10yr engine warranty but I just don't see it. I think the car has found its level and might drift a bit lower as more 991.2's get delivered.

There's a finite audience of what I would call "genuine" GT3 buyers and ultimately it's them that decide where the prices go...speculators/flippers are really relatively short term. Porsche are churning out GT products like never before. There are 600 991.1's across GT3 and RS and I suspect we'll see another 600 across 991.2. So that's 1200 991 GT3's in total! If how many left is to be believed across 996 and 997 the number is 500 across all derivatives. Massive increase in volumes...and then we have the 600 odd GT4's.

It starts to really add up!

I think it's great as gradually the speculative bubble will burst.

[hunter 66]

Yes that is about it and as prices go down the speculative buyers will unload the 100 mile only cars .........then there are all the other amazing cars out there .... at a track day on Monday again not one GT 3 on track ...

[av185]

Cheib said:

So that's 1200 991 GT3's in total!

Fair enough but its interesting to note this is a very similar number to total 458 production which is still a relatively 'rare' car of which residuals have been rock solid. Okay, so Ferrari have been very keen to ensure most cars have remained inside the official network thus supporting prices but demand for these cars is very strong even the original 7year old examples still fetching top money.

Is a 2 year old end of run 991.1 GT3 worth 50% more than an equivalent GT4.

Almost certainly.

[Cheib]

av185 said:

Cheib said:

So that's 1200 991 GT3's in total!

Fair enough but its interesting to note this is a very similar number to total 458 production which is still a relatively 'rare' car of which residuals have been rock solid. Okay, so Ferrari have been very keen to ensure most cars have remained inside the official network thus supporting prices but demand for these cars is very strong even the original 7year old examples still fetching top money.

Is a 2 year old end of run 991.1 GT3 worth 50% more than an equivalent GT4.

Almost certainly.

Can't disagree with the logic vis a vis GT4 prices but I still think we're in new territory for the volume of these cars that Porsche is turning out. Be a year or two before we really know how deep the market/genuine enthusiast demand is for these cars.

Edited by Cheib on Wednesday 20th September 10:23

[Porsche911R]

av185 said:

Fine car that the GT4 undisputedly is, it is no substitute for a GT3.

Really depends on what use you are putting the car to.

Both are great road cars.

when you say no substitute, I thought the 991.1 GT3 was already not a "substitute" for a past GT3 owner any way with it being automatic only !

Which means I have to say the GT4 was the ONLY "substitute" as it was the only manual GT car available.

Porsche have now fixed that error of judgement and the new one has manual again.

[v8ksn]

Wow! Looking back on this topic it looks like the initial estimates were well off! Anyone who bought a 991 GT3 in 2014 must be very happy!

Now that Porsche have granted a 10 year warranty on the engine, I think that will only help to stabilise the values too, new 991.2 GT3 will be a minimum of around £165k when they hit the market I reckon!

Bonkers times

[Porsche911R]

v8ksn said:

Wow! Looking back on this topic it looks like the initial estimates were well off! Anyone who bought a 991 GT3 in 2014 must be very happy!

Now that Porsche have granted a 10 year warranty on the engine, I think that will only help to stabilise the values too, new 991.2 GT3 will be a minimum of around £165k when they hit the market I reckon!

Bonkers times

I cannot work out who will be buying the 991.1 GT3 going forward myself unless is was about £90k

The hype is in the overs, NOT the car, how ever great the car is if it dropped like an R8 they would not sell the allocation.

GT3 market is small imo and along the way people start to keep what they have or find the level of tech they are happy with.

the 991.1 does not seem to offer any advantage over the new car, so While I can see why people stay with the 996, 997, 997.2 etc who is the new market for 2nd hand 991.1 GT3's at £120k

I think they are crazy money when you can buy the new car cheaper which is better in every way.

Some say worth the 50% over a GT4, , depends who you are I guess, they hold no appeal what so ever to me , that 10 years will soon be up if you plan to buy a keeper also.

[v8ksn]

I think the 991.1 GT3 will still appeal to those who wish to change from a 991.1 Carrera S or GTS or Targa etc. It will also appeal to people wishing to change from a GT4.

A given buyer with £120k in their pocket who wants a GT Porsche for a couple of years or so will not be looking at 'saving' £40k and getting a GT4, nor will they be looking at spending another £40/50k and getting the 991.2 GT3.

[av185]

Great package that the GT4 is, its biggest flaw imo is not the gearing but its lack of a proper Porsche GT engine. This is what people will pay the extra 50% for together with the 911 package of the GT3.

As a consequence this will tend to support prices especially bearing in mind there really doesn't appear (thus far) to be a major leap forward between the GT3 gen 1 and gen 2 for road use at least. This may not be the case with the 981 and 718 GT4, which will obviously tend to put current GT4 prices under further pressure.

[Porsche911R]

v8ksn said:

I think the 991.1 GT3 will still appeal to those who wish to change from a 991.1 Carrera S or GTS or Targa etc. It will also appeal to people wishing to change from a GT4.

I am not sure the GT4 market is after an automatic older GT3. well not in my case anyway.

[Porsche911R]

av185 said:

Great package that the GT4 is, its biggest flaw imo is not the gearing but its lack of a proper Porsche GT engine. This is what people will pay the extra 50% for together with the 911 package of the GT3.

As a consequence this will tend to support prices especially bearing in mind there really doesn't appear (thus far) to be a major leap forward between the GT3 gen 1 and gen 2 for road use at least. This may not be the case with the 981 and 718 GT4, which will obviously tend to put current GT4 prices under further pressure.

nothing wrong with the GT4 engine not being a GT engine, that's just forum bks quoting race engines of which the 991.1 is NOT one anyway.

I hate race cars, I hate race car set ups and engines (to drive on the road). I want my car to be about far as one could be from a race car lol have you been a a GT3 CUP car ?

I think the new GT3 for road use is better in every way over the older GT3, it has helper springs like the GT4 and that extra Grunt only normally found in Turbo's at lower revs with the new engine.

GT4 engine if anything is also better road use engine than the 991.1 GT3.

The helper springs in the GT4 also make it a better road car than the 991.1 GT3.

As I stated the 991.1 GT3 may have a fan boy following but for me I would not have one if you gave me it.

Again I wonder how many people who are into cars looked at the R8 RWS v10 car over a PDK GT3 ? for me the GT3 991.1 would not even get a look in over a RWD R8 540 bhp v10 if I were after an Automatic ! It then make the GT3 a tough sell imo and lets face it the engine is a flawed design in the 991.1 car and always will have that over it's head.

[Twinfan]

av185 said:

Great package that the GT4 is, its biggest flaw imo is not the gearing but its lack of a proper Porsche GT engine. This is what people will pay the extra 50% for together with the 911 package of the GT3.

Porsche911R said:

nothing wrong with the GT4 engine not being a GT engine, that's just forum bks quoting race engines of which the 991.1 is NOT one anyway..

I agree with av185, and it's not even that it's not a race engine it's the fact that it's a detuned Carrera S engine. Had it been the full fat X51 GTS engine it would probably be a different matter. I really felt the engine was the let down of the GT4 package, and as I see it as the heart of the car it would stop me buying one.

av185 said:

As a consequence this will tend to support prices especially bearing in mind there really doesn't appear (thus far) to be a major leap forward between the GT3 gen 1 and gen 2 for road use at least. This may not be the case with the 981 and 718 GT4, which will obviously tend to put current GT4 prices under further pressure.

Rumour has it the 718 GT4 will get a tweaked version of the current engine. If so, current pricing may not drop as much as it might do if it got a substantial upgrade.

[Porsche911R]

Twinfan said:

Rumour has it the 718 GT4 will get a tweaked version of the current engine. If so, current pricing may not drop as much as it might do if it got a substantial upgrade.

I think for some one like me who enjoys to play it's very easy to get the GT4 to 430BHP and very cheap.

lets not forget the GT4 runs faster lap times than the older 997 GT3 and is on par with a 997.2 GT3 on lap times with a detuned unit as is ;-) (hence it's detuned imo, the cars too fast and would show up a 911). again why imo we will not see a GT4 RS with a GT3 engine in it.

go look at lap times and the GT4 is kicking some major butt on the lap times around the world as a standard car !

So to that end for me it's still the gearing issue, the engine is a nice unit and cheap to get the extra BHP from.

yes as a Driver and as they had a GTS unit sitting there that would have been amazing fit for the GT4.

But as it is, it's not an issue it being a non GT engine, I sold my GT so called engine cars as they don't make good road cars in my eyes !!!!

Hence I think the new GT3 will make a much better road car than the 991.1 GT3 due to the torque and helper springs and lower gearing. vs the GT4 manual.

GT4 has no rivals at £80k at it stands. 430 BHP some TXX shocks and a light weight flywheel, that's some GT4 for under £100k !

Edited by Porsche911R on Wednesday 20th September 11:54

[Twinfan]

You've got to have big cahunas to modify an £80k Porsche that's under warranty though. I would want it as standard so I could use the extended warranty.

I agree though, a hopped-up GT4 is an attractive proposition.