GT3 997 prices - place your bets.
Discussion
There's obviously a lot of talk about the new 991 GT3; Will it be as engaging as the previous iteration? Does all the fancy new gubbins make it too accessible and/or too fast(!)? Has the hallowed essence of the GT3 been somehow lost or improved, enhanced or buggered? Do we believe the Head of Porsche GT Cars when he says he prefers it to the old one, or will the lucky few who can afford such a toy end up having to give Mr Preuninger a call?
I thought it might be interesting to see how the 997 GT3 prices react as the new machine becomes available, tested, proven/disproven. Usually, you'd expect these things to drop like a stone as soon as the merest whiff of a new model is mentioned..
But in this niche market of picky perfectionists, I wonder..
Could it be that the old models value increases?
So I put my geek hat on, did a basic PH search for all 997 GT3s; modified, unmodified, whatever. I took the prices, the year and the mileage and whapped them into a spreadsheet. Of course this is really not an exact science, but below you see the results:
As of the 8th March 2013, the average 997 GT3 is from late 2007, has 17k miles on the clock, and will set you back approximately £70k.
It might be fun to come back to this in a year's time and compare the 997 with the 991.
Place your bets.
I thought it might be interesting to see how the 997 GT3 prices react as the new machine becomes available, tested, proven/disproven. Usually, you'd expect these things to drop like a stone as soon as the merest whiff of a new model is mentioned..
But in this niche market of picky perfectionists, I wonder..
Could it be that the old models value increases?
So I put my geek hat on, did a basic PH search for all 997 GT3s; modified, unmodified, whatever. I took the prices, the year and the mileage and whapped them into a spreadsheet. Of course this is really not an exact science, but below you see the results:
As of the 8th March 2013, the average 997 GT3 is from late 2007, has 17k miles on the clock, and will set you back approximately £70k.
It might be fun to come back to this in a year's time and compare the 997 with the 991.
Place your bets.
I've just bought a Gen1 GT3 (white of course) and fricken love it! I too am interested in the whole future classic curve with these cars. However, I do think they will take a short term dip (new model it's only natural) and then prices should firm up. I see more depreciation to come in the Gen 2 cars TBH.
Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
Slickhillsy said:
I've just bought a Gen1 GT3 (white of course) and fricken love it! I too am interested in the whole future classic curve with these cars. However, I do think they will take a short term dip (new model it's only natural) and then prices should firm up. I see more depreciation to come in the Gen 2 cars TBH.
Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
I wonder if this will be as significant a turning point, as it was leaping from air cooled to water cooled..Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
How does yours fare against my dirty average statistics? Is it from 2007 and has it done roughly 17000miles!?
XplusYplusZ said:
I wonder if this will be as significant a turning point, as it was leaping from air cooled to water cooled..
How does yours fare against my dirty average statistics? Is it from 2007 and has it done roughly 17000miles!?
Mine...How does yours fare against my dirty average statistics? Is it from 2007 and has it done roughly 17000miles!?
2007 / 31000 miles (Has Ceramics & Carbon Seats = premium). Going by your chart closest I can see is the last 2007 entry on the left sheet. 2007 / 32K miles / 70K.
My actual cost was £53K so I either got a bargain or your tool needs tweaking
I think your tool is spot on so will have a beer and glow in my bargin purchase... lol Edited by Slickhillsy on Tuesday 12th March 17:19
Slickhillsy said:
I've just bought a Gen1 GT3 (white of course) and fricken love it! I too am interested in the whole future classic curve with these cars. However, I do think they will take a short term dip (new model it's only natural) and then prices should firm up. I see more depreciation to come in the Gen 2 cars TBH.
Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
My old car, enjoy!Longer term, 10 / 15 / 20 years for a decent example the 997 should tick the classic keeper box quite nicey...
My twopennethworth...
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