The £165K 991 GT3 has arrived as predicted...

The £165K 991 GT3 has arrived as predicted...

Author
Discussion

GT98

153 posts

147 months

Friday 6th February 2015
quotequote all
Cheib said:
Wonder what that means for GT3 RS pricing
GT3 RS was looking at 250k with a premium attached but now could be much more! Makes 250k look a bargain now GT3s selling for 165k!!

AdamV12V

5,022 posts

177 months

Friday 6th February 2015
quotequote all
I can totally understand why you guys might want to sell your cars at so much over their cost, but Im struggling to see who in their right mind is buying them?

Do we actually have anybody on the forum who paid one of these inflated prices and is prepared to stand up and explain why they are so mad for a car now that are prepared to pay this much extra and didnt just get on list early enough to pay rrp?

Last weeks lottery winners perhaps - but can there really be that many out there? wink

In the medium term the bubble is going to burst and prices will fall back again, and there are already other new latest toys stealing the headlines now (458 spec, 488, GT4 etc) so it cant be just all the rich kiddies can it?

confused

V8KSN

4,711 posts

184 months

Friday 6th February 2015
quotequote all
Must admit I am massively confused about where prices are going and where these new buyers are coming from.

GT4 sold out already (three days after going on sale)
991 GT3 RS sold out months back and people only saw what it would look like 6 months later
991 GT3 now selling for 50% more than the price they were to buy new last year!

What the hell is happening???

nutbehinddawheel

344 posts

196 months

Friday 6th February 2015
quotequote all
rosino said:
Might give a call to these guys tomorrow :-)

Maybe one of the only PTS cars could print a fresh high :-P
Does your car have LIFT and PCCB's ?

PorscheGT4

21,146 posts

265 months

Friday 6th February 2015
quotequote all
when you see stats like this there is a bit of money about

"One in ten households in the UK now have assets worth more than £1million"


also when some people can earn my PA wage in 30 minutes, buying a £250k car does not mean much saving up does it lol

I fancy that RS, I think I'll do 2 hours work on Saturday this week and pick one up !!


what did JK do when he wanted a RS4.0 just put it out there to owners that he would pay £300k, when people said no he went ok £350k then and so the cars hit a benchmark.

interest rates are low, a record number of UK high net worth people who are not making money with it sitting around atm

jackal

11,248 posts

282 months

Saturday 7th February 2015
quotequote all
AndrewD said:
Mine's CS with PCCBs etc. wouldn't sell it for 165 personally. No interest whatsoever in a LHD spaz
IRTA: I wasnt important enough to get an Aperta

s2000db

1,155 posts

153 months

Saturday 7th February 2015
quotequote all
Paying a £50K premium for a RHD car is madness imo..

Skyway

356 posts

170 months

Saturday 7th February 2015
quotequote all
rosino said:
Might give a call to these guys tomorrow :-)

Maybe one of the only PTS cars could print a fresh high :-P
If you do call them let me know how you get on smile

Skyway

356 posts

170 months

Saturday 7th February 2015
quotequote all
rosino said:
Might give a call to these guys tomorrow :-)

Maybe one of the only PTS cars could print a fresh high :-P
If you do call them let me know how you get on smile

robgt3

2,585 posts

162 months

Saturday 7th February 2015
quotequote all
Cars like so many things can become units of exchange. Keep the numbers scarce and they will become " must have items"
I do not believe for a minute that Porsche will produce a 991 GT3 2 so prices will continue to rise. If owners choose to wrap their cars in cotton wool and not use them they will win financially. I for one intend using ours maybe this time not pile on as many miles as I did with my Aston so hopefully when we do decide to change we won't come out having lost many thousands of pounds. The problem is that the car is so very useable so it becomes very tempting to take it for a play. I'm glad that the weather has been so bad otherwise we would have covered more miles. Sunny morning , 0 degrees, shall I take my GT3 or my Hilux? smile


APOLO1

5,256 posts

194 months

Saturday 7th February 2015
quotequote all
s2000db said:
Paying a £50K premium for a RHD car is madness imo..
The 100k list price went out of the window a long time ago on this car, its about the car now and just how good it is, in particular in relation to its counter parts....Spz etc. No reason what so ever that a top spec CS with low miles will not make very close to 200k before the summer..

AndrewD

7,537 posts

284 months

Saturday 7th February 2015
quotequote all
jackal said:
AndrewD said:
Mine's CS with PCCBs etc. wouldn't sell it for 165 personally. No interest whatsoever in a LHD spaz
IRTA: I wasnt important enough to get an Aperta
WGAF what "important" means to Ferrari. I'm important to my family and friends, KWIMMF? smile

s2000db

1,155 posts

153 months

Saturday 7th February 2015
quotequote all
APOLO1 said:
s2000db said:
Paying a £50K premium for a RHD car is madness imo..
The 100k list price went out of the window a long time ago on this car, its about the car now and just how good it is, in particular in relation to its counter parts....Spz etc. No reason what so ever that a top spec CS with low miles will not make very close to 200k before the summer..
What I meant is that you can easily buy a LHD car for £50k less in Europe..

Now there's an investment opportunity if ever I saw one...tongue out

AdamV12V

5,022 posts

177 months

Saturday 7th February 2015
quotequote all
APOLO1 said:
The 100k list price went out of the window a long time ago on this car, its about the car now and just how good it is, in particular in relation to its counter parts....Spz etc. No reason what so ever that a top spec CS with low miles will not make very close to 200k before the summer..
Interesting, so can I ask would you pay £200k for one in summer (not sure if you already have one, but for the sake of this argument lets imagine you don't)?

Robbo66

3,833 posts

233 months

Saturday 7th February 2015
quotequote all
AdamV12V said:
I can totally understand why you guys might want to sell your cars at so much over their cost, but Im struggling to see who in their right mind is buying them?

Do we actually have anybody on the forum who paid one of these inflated prices and is prepared to stand up and explain why they are so mad for a car now that are prepared to pay this much extra and didnt just get on list early enough to pay rrp?

Last weeks lottery winners perhaps - but can there really be that many out there? wink

In the medium term the bubble is going to burst and prices will fall back again, and there are already other new latest toys stealing the headlines now (458 spec, 488, GT4 etc) so it cant be just all the rich kiddies can it?

confused
I struggle to see why anyone would buy a new V12V variant for between £130-£150k, and lose £50k + from the outset. Horses for courses. It was also way, way overpriced from the outset.
I bought one 10 months old, and lost £22k in 14 months. Add the fact that it was heavier than the moon and very difficult to drive quickly, one of my poorer decisions.

The 991 3 was underpriced. It's not a bubble, and the rarity of this and the RS will ensure that.

robgt3

2,585 posts

162 months

Saturday 7th February 2015
quotequote all
AdamV12V said:
Interesting, so can I ask would you pay £200k for one in summer (not sure if you already have one, but for the sake of this argument lets imagine you don't)?
Hi Adam , I'm quite sure if we all want something badly enough cost ceases to become a major consideration. People will do mad things financially to get what they want. The problem that prospective owners have is the constant barrage of praise being heaped on the 991 GT3. Plus it is generally acknowledged that Porsche sold the car far to cheap thereby making it easier to stomach inflated used prices. My insurer informed me that to the best of his knowledge it is only Porsche and Ferrari owners that are finding themselves in such an enviable position. My last car, list £117,000, paid £89,000, traded £66,000. Supposed enhancements worth nothing! Remains on forecourt 6 months later unsold priced taking into account usual re conditioning cost close to trade price.
Thankyou Porsche, my GT3 is awesome!

AdamV12V

5,022 posts

177 months

Saturday 7th February 2015
quotequote all
Robbo66 said:
AdamV12V said:
I can totally understand why you guys might want to sell your cars at so much over their cost, but Im struggling to see who in their right mind is buying them?

Do we actually have anybody on the forum who paid one of these inflated prices and is prepared to stand up and explain why they are so mad for a car now that are prepared to pay this much extra and didnt just get on list early enough to pay rrp?

Last weeks lottery winners perhaps - but can there really be that many out there? wink

In the medium term the bubble is going to burst and prices will fall back again, and there are already other new latest toys stealing the headlines now (458 spec, 488, GT4 etc) so it cant be just all the rich kiddies can it?

confused
I struggle to see why anyone would buy a new V12V variant for between £130-£150k, and lose £50k + from the outset. Horses for courses. It was also way, way overpriced from the outset.
I bought one 10 months old, and lost £22k in 14 months. Add the fact that it was heavier than the moon and very difficult to drive quickly, one of my poorer decisions.

The 991 3 was underpriced. It's not a bubble, and the rarity of this and the RS will ensure that.
Totally agree, I wouldn't either - sounds like you didn't buy too well, I lost a little more than half that on my first one in 24mths, and I expect the current one to be similar when I sell it - its all down to price paid me thinks. Anyway this thread has got nothing to do with V12V, so not sure why you brought it up? Attack is the best form of defence maybe? Come on, you can do better than that... smile

So Robbo, would you pay £200k for a 991GT3 come this summer?

Robbo66

3,833 posts

233 months

Saturday 7th February 2015
quotequote all
AdamV12V said:
Robbo66 said:
AdamV12V said:
I can totally understand why you guys might want to sell your cars at so much over their cost, but Im struggling to see who in their right mind is buying them?

Do we actually have anybody on the forum who paid one of these inflated prices and is prepared to stand up and explain why they are so mad for a car now that are prepared to pay this much extra and didnt just get on list early enough to pay rrp?

Last weeks lottery winners perhaps - but can there really be that many out there? wink

In the medium term the bubble is going to burst and prices will fall back again, and there are already other new latest toys stealing the headlines now (458 spec, 488, GT4 etc) so it cant be just all the rich kiddies can it?

confused
I struggle to see why anyone would buy a new V12V variant for between £130-£150k, and lose £50k + from the outset. Horses for courses. It was also way, way overpriced from the outset.
I bought one 10 months old, and lost £22k in 14 months. Add the fact that it was heavier than the moon and very difficult to drive quickly, one of my poorer decisions.

The 991 3 was underpriced. It's not a bubble, and the rarity of this and the RS will ensure that.
Totally agree, I wouldn't either - sounds like you didn't buy too well, I lost a little more than half that on my first one in 24mths, and I expect the current one to be similar when I sell it - its all down to price paid me thinks. Anyway this thread has got nothing to do with V12V, so not sure why you brought it up? Attack is the best form of defence maybe? Come on, you can do better than that... smile

So Robbo, would you pay £200k for a 991GT3 come this summer?
I bought £50k under list on an 800 mile car, 10 months old. So yes I did buy well IMO. I bought it up as you are on the thread and own one of the highest depreciating cars, bar Ferrari, known to man, and seem concerned about vales of the 991 GT3 ?. As you can tell, still smarting on my poor decision.

No, I wouldn't personally pay £200k for the car., but can see why some would, as nothing come close IMO.

I would pay more than that if I could find Harris's Tuthills ST Green Monster....alas, drawn a blank.


AdamV12V

5,022 posts

177 months

Saturday 7th February 2015
quotequote all
robgt3 said:
AdamV12V said:
Interesting, so can I ask would you pay £200k for one in summer (not sure if you already have one, but for the sake of this argument lets imagine you don't)?
Hi Adam , I'm quite sure if we all want something badly enough cost ceases to become a major consideration. People will do mad things financially to get what they want. The problem that prospective owners have is the constant barrage of praise being heaped on the 991 GT3. Plus it is generally acknowledged that Porsche sold the car far to cheap thereby making it easier to stomach inflated used prices. My insurer informed me that to the best of his knowledge it is only Porsche and Ferrari owners that are finding themselves in such an enviable position. My last car, list £117,000, paid £89,000, traded £66,000. Supposed enhancements worth nothing! Remains on forecourt 6 months later unsold priced taking into account usual re conditioning cost close to trade price.
Thankyou Porsche, my GT3 is awesome!
Hi Rob, its a funny bunch over here on the Pork forum for sure - more than one name on here who once inhabited a slightly more civilised place! wink

I have no doubt the GT3 is a stunning car, and had I have been in the market for a car when the time was right may well have been keen to buy one. If new ones were available now for rrp I would buy, but they arn't and I sure am not willing to pay £50k over for a used example. Its not that I don't have the cash, I'm just not willing to pay that much over list price for anything, a car or otherwise. Just saying that I don't understand who is buying them at these prices, and it's no reason to attack other cars though (not you), especially from prospective members considering re-joining the Porsche fold (I have a deposit down on a GT4 but waiting to hear on slots).

So, would you pay £200k for a 991GT3 in summer (if you didn't already have one)?

SFO

5,169 posts

183 months

Saturday 7th February 2015
quotequote all
robgt3 said:
My last car, list £117,000, paid £89,000, traded £66,000.
was this a stock car, or one to your spec?