991 GT3 now or later

991 GT3 now or later

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Discussion

Younez

Original Poster:

1,057 posts

166 months

Tuesday 8th November 2016
quotequote all
A colleague of mine is selling his 2014 991 GT3 for 138k he is open and says he bought new for 112k. I can probably get it for 134. My question is would it be a risk buying this now with the new model coming out next year? I don't mind taking a little hit but at the same time don't want to say lose 30k in a space of a few months. Saying that the gen 2 991 turbo S didn't affect the price of gen 1 991 turbo S too much. What the consensus? Thanks!

subirg

718 posts

276 months

Tuesday 8th November 2016
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For you to take a bath of £30k in a few months will need something very different to a new gen model coming out. It will need a macro economic melt down. Something like trump winning, or China's credit bubble exploding, or the EU disintegrating... However, expecting a gentle down drift would be sensible. Anything better is a bonus.

Porsche911R

21,146 posts

265 months

Tuesday 8th November 2016
quotequote all
depends if the new one is limited, if not just order a new one for £115k ! it's out in March.

Cannot see current prices staying how they are, but who can tell.

new one will have the Apple iplay a working engine and the much nicer smaller steering wheel.

I think you would be mad myself. but only you know if you want it now or not.

hondansx

4,569 posts

225 months

Tuesday 8th November 2016
quotequote all
The Gen 2 will be better. Always is.

You could assume all Gen 1 cars will suddenly lose £19k (comparing the above figures) - at least. However, if Chris Harris declares the Gen 2 the best thing since sliced bread, what was a £115k list car will then be a £150k on the used market, which will mean Gen 1 residuals are saved.

It comes down to how many Porsche make. If they make ample Gen 2s, then the Gen 1 undoubtedly face a hit.

Depends if you can declare YOLO on the risk of losing £20k. But then you seem to be basing this decision on negotiating a 'mere' £4k discount from your mate...

I imagine, if it hasn't already, the GT3 market has somewhat frozen. No way i'd buy one right now until the Gen 2 is out, even if i really, really wanted one.

av185

18,505 posts

127 months

Tuesday 8th November 2016
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At £112 k new otr this is either an average spec comfort car or a low spec clubsport both of which will be £110k ish max trade bid....and probably less into next year with the 991.2 imminent.

Car seems expensive....needs to be £117k max atm on a private sale basis.

Twinfan

10,125 posts

104 months

Tuesday 8th November 2016
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In your situation I'd be trying for a 991.2 if possible, so it would be a no from me.

av185

18,505 posts

127 months

Tuesday 8th November 2016
quotequote all
The other issue for a 991.1 purchaser is the GT3s history having regard to any track use, possible limitations or even voiding of warranty as a consequence.

Maccas early car is on its 3rd engine, the valvetrain issues (e.g) on frequently maxish rev cars are clearly an issue.

Next gen car likely to have 4 litres but lower rev limit although whether this results in engine issues persisting remains to be seen considering the similar engined 991 RS is evidently affected in the same way as the GT3.

Obtaining a next gen GT3 allocation could also be a problem unless you have a broad buying history with your OPC.

EGTE

996 posts

182 months

Tuesday 8th November 2016
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Wait and treat yourself to a new 991.2

sidicks

25,218 posts

221 months

Tuesday 8th November 2016
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Assuming that you can't get a 991.2 GT3, then a Gen 1 with full service history and Porsche warranty would be a good second choice, but it seems massively over-priced to me.

As someone stated, a £112k car is fairly lowly specced - mine was closer to £125k new - and I wouldn't be expecting to get more than £125k now if I was to sell. I think your 'mate' is asking £15k too much (and maybe focussing too much on list prices at dealers, not private sale prices).

cowboyengineer

1,411 posts

114 months

Tuesday 8th November 2016
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I would buy one now. There is no point waiting. You won't take a bath. It will depreciate. As for buying your friends car. It is over priced.

http://www.rybrook.co.uk/approved-used-cars/vehicl...

And rybrook Birmingham has one for 128k which they would reduce because they have had it for 5 months

Flat0ut

359 posts

269 months

Tuesday 8th November 2016
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Assuming you could get on the list for a Gen 2 car at your local dealer, when are the first Gen 2 cars likely to be delivered? I have seen the list of deposits registered at my local OPC and it is very long....

Younez

Original Poster:

1,057 posts

166 months

Tuesday 8th November 2016
quotequote all
Thanks for your responses, some were very amusing. Will speak to my OPC first to see if I can get a new one and how long it will take. My turbo is boring me to death so would be good to change. Looking at porsches site they all seem to be aroond that price.

Honda- 134 was what my colleague had hinted in conversation

Edited by Younez on Tuesday 8th November 18:46

isaldiri

18,551 posts

168 months

Tuesday 8th November 2016
quotequote all
hondansx said:
However, if when Chris Harris declares the Gen 2 the best thing since sliced bread....
Edited for you.

He always does, just as the gen 2 is better than the gen 1 wink

Cheib

23,235 posts

175 months

Tuesday 8th November 2016
quotequote all
As others have said £134k ish for a private sale is just nonsense unless it's an amazing spec CS in a PTS colour, which it apparently isn't.

Regardless of how long the list your OPC already has is if you're a good customer you have a chance. Given you've got a Turbo S on the drive I am sure you've got a better chance than most people. That Turbo S is £10k of profit as a used car for them as a start!

sidicks

25,218 posts

221 months

Tuesday 8th November 2016
quotequote all
Younez said:
Thanks for your responses, some were very amusing. Will speak to my OPC first to see if I can get a new one and how long it will take. My turbo is boring me to death so would be good to change. Looking at porsches site they all seem to be aroond that price.

Honda- 134 was what my colleague had hinted in conversation
Surely the point is that the prices listed on the Porsche website will have some room for negotiation and you wouldn't expect to pay as much under a private sale as you would at a dealer.

If your colleague tried to sell his car to the OPC, then £120k is probably more realistic, I would guess.

Wilmslowboy

4,208 posts

206 months

Tuesday 8th November 2016
quotequote all
You wont get a gen2 991 GT3 new unless you have had your name down for at least 2 years, or have a buying history (that includes at least half a dozen new cars from them) or you are the bloody luckiest man alive biggrin

as said above £134k is super strong money for a 991 GT3 in todays mkt unless it a unique colour, high spec, club sport and very low miles - £112k list suggests it not this.

Ring a dealership and ask them for a cash buy now price for it and I would expect they will be offer near as dammit list.

cheers


sone

4,587 posts

238 months

Tuesday 8th November 2016
quotequote all
I've just purchased 991 Gt3 RS and got a good discount on OPC lprice, I initially was looking for a Gt3 and was offered one or two good discounts on Opc cars. My point is if you go to your dealer with cash you'll end up spending a lot less than the deal your pal is offering for a similar car with all the dealer benefits.

sidicks

25,218 posts

221 months

Tuesday 8th November 2016
quotequote all
sone said:
I've just purchased 991 Gt3 RS and got a good discount on OPC lprice, I initially was looking for a Gt3 and was offered one or two good discounts on Opc cars. My point is if you go to your dealer with cash you'll end up spending a lot less than the deal your pal is offering for a similar car with all the dealer benefits.
Any pics of the RS?!
beer

sone

4,587 posts

238 months

Tuesday 8th November 2016
quotequote all
sidicks said:
sone said:
I've just purchased 991 Gt3 RS and got a good discount on OPC lprice, I initially was looking for a Gt3 and was offered one or two good discounts on Opc cars. My point is if you go to your dealer with cash you'll end up spending a lot less than the deal your pal is offering for a similar car with all the dealer benefits.
Any pics of the RS?!
beer



sidicks

25,218 posts

221 months

Tuesday 8th November 2016
quotequote all
Looks gorgeous!