991.2 GT3 sell now or keep dilemma

991.2 GT3 sell now or keep dilemma

Author
Discussion

Obarks

Original Poster:

40 posts

229 months

Wednesday 25th September 2019
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Morning chaps,

I have had my miami blue manual GT3 since April and ive done 6000 miles. I paid £156k from Porsche, its fully loaded and top spec.

I have been offered £145k for it which is a pretty good offer but I will still lose £11k. Do I take it or put the car away over the winter and use it next year? I am thinking about the depreciation etc whilst its just sat in my garage. I will want another car similar or the same as this next spring which is another factor to consider.

I know the market is suffering at the moment but do we think it will recover again after Brexit and in the spring of next year?

If I sold it I would buy a Mini JCW challenge race car and test it this winter and look to race next year with on the BTCC program.

I know it always comes down to personal circumstances but I am really struggling with the decision!

Cheers

Oli

Michael Carder

3 posts

64 months

Wednesday 25th September 2019
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Good Morning, I would hold onto your Porche, I have a friend who had a JCW mini, no where near as good as your Porche, if you sell it you will regret it in the spring. Dont worry about the money, its only money

Michael

GT4RS

4,395 posts

196 months

Wednesday 25th September 2019
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If you are worry about depreciation it may be best to sell it, an offer of £145k on a 6000 mile .2gt3 sounds like a good offer at the moment.

If others start thinking like you we could see higher numbers for sale which will drive down asking prices further. Hopefully this design happen but it’s looking unlikely imo.

At least you have had the chance to put 6000 miles on it a s not been afraid to use it.

Obarks

Original Poster:

40 posts

229 months

Wednesday 25th September 2019
quotequote all
Michael Carder said:
Good Morning, I would hold onto your Porche, I have a friend who had a JCW mini, no where near as good as your Porche, if you sell it you will regret it in the spring. Dont worry about the money, its only money

Michael
Hi Michael,

It is the race car I am thinking of buying not the road car....

Dr S

4,995 posts

225 months

Wednesday 25th September 2019
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Nothing beats racing IMO. As much as I like my 3/RSs, I would easily let them go before giving up racing. If it's not an either or, then my 3s are all keepers.

Obarks

Original Poster:

40 posts

229 months

Wednesday 25th September 2019
quotequote all
Dr S said:
Nothing beats racing IMO. As much as I like my 3/RSs, I would easily let them go before giving up racing. If it's not an either or, then my 3s are all keepers.
What do you race?

Mitch911

227 posts

168 months

Wednesday 25th September 2019
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Give the Mini a go. Racing is another level of fun / addiction


djroj2001

51 posts

89 months

Wednesday 25th September 2019
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You have a fantastic car, and if you can afford to enjoy it and accept that it isn't a financial asset, you should absolutely keep it and drive it like these things are built for.

However, the 991.2 GT3 is not a rare car. 650 ish units were delivered in the UK making it the highest volume 911 GT car ever built by Porsche. Right now the market is terrible anyway, but given the delivery numbers, do not expect this car to hold value, it will follow a depreciation curve.

That said, it's still a fantastic car and there isn't much out there to rival it. If you can afford it, keep it and drive it!

Porsche911R

21,146 posts

264 months

Wednesday 25th September 2019
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A £145k offer will annoy the doom slayers on here ;-)

Koln-RS

3,849 posts

211 months

Wednesday 25th September 2019
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No one can predict the market, but all indicators suggest it will soften further not improve.

But racing is really the only way to fully exploit one's capabilities in a car. Many racers forgo the ability to have an expensive 'road toy' in the garage, and indulge that money in racing, which I fully understand. Track days provide some fun, but for many, only racing will satisfy the adrenaline rush.

Porsche911R

21,146 posts

264 months

Wednesday 25th September 2019
quotequote all
djroj2001 said:
You have a fantastic car, and if you can afford to enjoy it and accept that it isn't a financial asset, you should absolutely keep it and drive it like these things are built for.

However, the 991.2 GT3 is not a rare car. 650 ish units were delivered in the UK making it the highest volume 911 GT car ever built by Porsche. Right now the market is terrible anyway, but given the delivery numbers, do not expect this car to hold value, it will follow a depreciation curve.

That said, it's still a fantastic car and there isn't much out there to rival it. If you can afford it, keep it and drive it!
they always knock about 5k world wide, so it's not the highest number it's just a bigger allocation of cars came to the UK that's only because the 991.1 had isues so was stopped production !

600 is not many cars hence the overs and demand for the car and only 5% for sale.

people say the RS is rare but I thought there are more 991.1 RS than 991 GT3 word wide !

there are only 6 or 7 nice manual GT3 for sale atm, if the OP sells a spec he loves, he might got be able to get one back in the same spec.

All though today if some one said here is £145k for my car I would sell it, that's a very high offer to walk away with.

But a 11k loss is nothing vs what it will cost to race a Mini that's for sure.

c4sman

758 posts

153 months

Wednesday 25th September 2019
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If depreciation is the main worry I would sell. I’m not so sure the market will come back to where it was as where it was seemed OTT to me. When I’ve been in your shoes it became a constant thought in the back of my mind that impacted my enjoyment of the car (wasn’t a Porsche at the time).

Dr S

4,995 posts

225 months

Wednesday 25th September 2019
quotequote all
Obarks said:
Dr S said:
Nothing beats racing IMO. As much as I like my 3/RSs, I would easily let them go before giving up racing. If it's not an either or, then my 3s are all keepers.
What do you race?
VLN and 24h at the Ring - can't wait for Saturday

av185

18,433 posts

126 months

Wednesday 25th September 2019
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Porsche911R said:
A £145k offer will annoy the doom slayers on here ;-)
Certainly will.

Imo and accordingly to most specialist OPC buyers of GT Porsche in the know there will be slight easing of the price up to Xmas followed by price rises in the New Year and thereafter towards Spring as happened with the gen 1.

Don't forget the 992 GT3 whenever that arrives could well be mid £160ks with a reasonable spec and a flipped price of £200k plus.

Now could actually be almost the worst time to sell.


djroj2001

51 posts

89 months

Wednesday 25th September 2019
quotequote all
Porsche911R said:
they always knock about 5k world wide, so it's not the highest number it's just a bigger allocation of cars came to the UK that's only because the 991.1 had isues so was stopped production !

600 is not many cars hence the overs and demand for the car and only 5% for sale.

people say the RS is rare but I thought there are more 991.1 RS than 991 GT3 word wide !

there are only 6 or 7 nice manual GT3 for sale atm, if the OP sells a spec he loves, he might got be able to get one back in the same spec.

All though today if some one said here is £145k for my car I would sell it, that's a very high offer to walk away with.

But a 11k loss is nothing vs what it will cost to race a Mini that's for sure.
The 991.2 GT3 Worldwide numbers are approx 9500 units, the 991.1 GT3 worldwide being approx 6500.

Compare this to the 997.1 GT3 = 2378 and .2 = 2256.

They have ramped up production of the GT3 very very significantly, and the UK numbers reflect this.

The RS is approx 5k each units for .1 and .2.... but thats still 2.5x the 997 RS numbers!





Edited by djroj2001 on Wednesday 25th September 11:04


Edited by djroj2001 on Wednesday 25th September 11:22

Porsche911R

21,146 posts

264 months

Wednesday 25th September 2019
quotequote all
av185 said:
Certainly will.

Imo and accordingly to most specialist OPC buyers of GT Porsche in the know there will be slight easing of the price up to Xmas followed by price rises in the New Year and thereafter towards Spring as happened with the gen 1.

Don't forget the 992 GT3 whenever that arrives could well be mid £160ks with a reasonable spec and a flipped price of £200k plus.

Now could actually be almost the worst time to sell.
def a buyers market as there does seem to be panic selling, JZM have another 3 cars due in !!!
But I agree come spring people want cars and are taking the risk selling now if they plan on buying back in 6 months.

evey dead line for Brexit we see a price drop, Brexit cannot come soon enough.

still over all a small % of cars for sale really, If I sold today I would only buy some thing which would drop in price faster !!!

Racer26

75 posts

76 months

Wednesday 25th September 2019
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If you are selling to go racing - go racing. Nothing compares. It's addictive.
It's also expensive. Be warned.

Obarks

Original Poster:

40 posts

229 months

Wednesday 25th September 2019
quotequote all
Racer26 said:
If you are selling to go racing - go racing. Nothing compares. It's addictive.
It's also expensive. Be warned.
That is my current thinking! Ive done a season racing the Radical SR3 so I know all about costs. I just cant justify having a race car and an awesome road car (to the mrs) lol

430scuderia1

454 posts

217 months

Wednesday 25th September 2019
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Porsche911R said:
A £145k offer will annoy the doom slayers on here ;-)
No way he has had a real bid at that.

Dealers not bidding on these and mine not getting bids even at £125k...

https://www.barrybrown.co.uk/used-porsche-911-wiga...

Porsche911R

21,146 posts

264 months

Wednesday 25th September 2019
quotequote all
430scuderia1 said:
No way he has had a real bid at that.

Dealers not bidding on these and mine not getting bids even at £125k...

https://www.barrybrown.co.uk/used-porsche-911-wiga...
A none PCCB car in the worse resale colour, PDK with no PCCBs's , That's a hard sell.
Add in red seat stripes, red crono clock (fatal), red wheel rims !!! it's just not what people In the main want !
3 owners , 2017 car and 7k miles also don't help value and all chip away at the price. It's retail imo is £122k So it's not going to get £125k trade bids.
trade on that car is £110k imho.

hi spec 18 registered 1 owner cars with all the right bits with sub 2k miles are now at £5k overs to sell them, And 6 to 10k under list as a trade bid.

some cars are just not priced to sell atm.

I do agree though that a £145k bid from the OP is a shock, why pay that ! unless it's a Touring.