Will 996 GT3 price start to rise over the next few years?
Discussion
Looking at prices over the last few years I would say that the prices are now very stable around the £35-40 mark for good cars with some 40+ ones about.
However as they are getting older and goods ones being hard to find, are these prices going to climb?
I still fancy s change, but keep thinking I have got a non depreciating asset now so i should just enjoy it on those sunny days and keep it for the foreseeable future.
Will it ever be worth what I paid 5 years ago?
Also with the PDK GT3 generation will the purists always be wanting the original GT3
Hmm I wonder
However as they are getting older and goods ones being hard to find, are these prices going to climb?
I still fancy s change, but keep thinking I have got a non depreciating asset now so i should just enjoy it on those sunny days and keep it for the foreseeable future.
Will it ever be worth what I paid 5 years ago?
Also with the PDK GT3 generation will the purists always be wanting the original GT3
Hmm I wonder
Hi Jib,
it could go either way really. As the 991 pushes the 997 down, not straight away but in a couple of years, this will squeeze the 996s. After all only the real purists would choose a 6 over a 7 if they're a similar price.
The other side of the argument is what you mention, the cars are getting older and good straight ones aren't easily found and the 6 are said to be more raw than the 7s and a lot of people bemoan the pasm.
I'd say 996s won't rise for at least 5 years, maybe even ten. Even then maybe they won't rise at all as petrol prices may be extortionate or North Korea will have nuked us all.
As always buy one because it gives you enjoyment and is thrilling to drive. Any lack of depreciation is a bonus but not that big a deal, given that you'll spend thousands on upkeep anyway.
it could go either way really. As the 991 pushes the 997 down, not straight away but in a couple of years, this will squeeze the 996s. After all only the real purists would choose a 6 over a 7 if they're a similar price.
The other side of the argument is what you mention, the cars are getting older and good straight ones aren't easily found and the 6 are said to be more raw than the 7s and a lot of people bemoan the pasm.
I'd say 996s won't rise for at least 5 years, maybe even ten. Even then maybe they won't rise at all as petrol prices may be extortionate or North Korea will have nuked us all.
As always buy one because it gives you enjoyment and is thrilling to drive. Any lack of depreciation is a bonus but not that big a deal, given that you'll spend thousands on upkeep anyway.
personally i doubt it but who knows? if the good ones get hard to find at £40k rather than the prices go up i'd just buy i 997gt3 instead at £50k.
to be honest i prefer a 997 for the interior & the headlamps but then i'm shallow. a lot of other people are shallow too though
prices have remained pretty firm for the last couple of years but then that's only because none of them have sold! the ones that have tend to be mk2's in the £35k mark.
i must point out that i don''t own a crystal ball however.
to be honest i prefer a 997 for the interior & the headlamps but then i'm shallow. a lot of other people are shallow too though
prices have remained pretty firm for the last couple of years but then that's only because none of them have sold! the ones that have tend to be mk2's in the £35k mark.
i must point out that i don''t own a crystal ball however.
LaurasOtherHalf said:
personally i doubt it but who knows? if the good ones get hard to find at £40k rather than the prices go up i'd just buy i 997gt3 instead at £50k.
That's all well and good but £40k isn't £50k, so while there's a price gap, there'll be people who can only stretch to the '6. If that gap closes, fair enough.Eta - I think that's what you mean actually.
LaurasOtherHalf said:
to be honest i prefer a 997 for the interior & the headlamps but then i'm shallow. a lot of other people are shallow too though
A lot of people are shallow yes, but not everyone thankfully. Otherwise how would 964s find homes when a 997 can be had for the same price. I couldn't care less about the cars age, how showey it is, or anything. As long as I get excited when I open up the garage door to go for a blast.
Genuine question Craig, does your mini excite you as much as the 993? Or is it nice because it's new?
You not at the 'ring?
Edited by marky911 on Saturday 30th March 12:23
Who knows. But current supply/ demand balance appears in favour of firm prices. The traditional early year to spring period of higher transactions (driven by track day and fine weather motoring I guess) seems to have brought out a lot of buyers chasing cars. There have been many threads on here about finding the right car including one currently running about a cs sale that fell through after the last minute.
Either way I feel comfortable that my 20k mile speed yellow gt3.2 was a sensible purchase that yields significant emotional return irrespective of financial return.
I am currently very focused of the classic 911 market and am trying to secure a very good 'e'. . Many opinions regarding whether its a bit 'toppy' and I personally think some crappy cars are trading at prices which are too high. The inclusion of Porsche in the hagi index is just one of the reasons that cars are seeing investor interest.
Either way I feel comfortable that my 20k mile speed yellow gt3.2 was a sensible purchase that yields significant emotional return irrespective of financial return.
I am currently very focused of the classic 911 market and am trying to secure a very good 'e'. . Many opinions regarding whether its a bit 'toppy' and I personally think some crappy cars are trading at prices which are too high. The inclusion of Porsche in the hagi index is just one of the reasons that cars are seeing investor interest.
What is this - the 996 GT3 forum Sunday? Haha
It's interesting to note that very few people would probably have suggested that values of the 964RS could get to £75k five or ten years ago. I think that they could start to firm up and increase as time goes on and it's good fun to drive in the meantime.....
Look at it like this - if 996 GT3's and 997 C2S' were (broadly) similar prices to purchase when new, the GT3 is already showing a better residual (I know it's difficult to compare these cars by the way).
How many (say) RHD MkII's were made - 350ish? So it's not like they are common, even more so for the CS so there is a chance good ones could get rare
I have a vested interest in GT3 prices going up though, so I'm not impartial......
It's interesting to note that very few people would probably have suggested that values of the 964RS could get to £75k five or ten years ago. I think that they could start to firm up and increase as time goes on and it's good fun to drive in the meantime.....
Look at it like this - if 996 GT3's and 997 C2S' were (broadly) similar prices to purchase when new, the GT3 is already showing a better residual (I know it's difficult to compare these cars by the way).
How many (say) RHD MkII's were made - 350ish? So it's not like they are common, even more so for the CS so there is a chance good ones could get rare
I have a vested interest in GT3 prices going up though, so I'm not impartial......
squirejo said:
Who knows. But current supply/ demand balance appears in favour of firm prices. The traditional early year to spring period of higher transactions (driven by track day and fine weather motoring I guess) seems to have brought out a lot of buyers chasing cars. There have been many threads on here about finding the right car including one currently running about a cs sale that fell through after the last minute.
Either way I feel comfortable that my 20k mile speed yellow gt3.2 was a sensible purchase that yields significant emotional return irrespective of financial return.
I am currently very focused of the classic 911 market and am trying to secure a very good 'e'. . Many opinions regarding whether its a bit 'toppy' and I personally think some crappy cars are trading at prices which are too high. The inclusion of Porsche in the hagi index is just one of the reasons that cars are seeing investor interest.
The yellow one at Paul Stephens is pretty good. And who cares if prices are toppish - that is what they said about the original RS in 89, now look at what a decent lightweight goes for. If you are in for the long term these are great buys - and so much more fun than most cars, let alone other forms of investment. And what is the downside? Even if market does correct in the short term, falls will be way less than the depreciation on the best modern Porsches (or to put it another way, I would rather have money in a 2.7 RS than a 4.0 one if things get sticky).Either way I feel comfortable that my 20k mile speed yellow gt3.2 was a sensible purchase that yields significant emotional return irrespective of financial return.
I am currently very focused of the classic 911 market and am trying to secure a very good 'e'. . Many opinions regarding whether its a bit 'toppy' and I personally think some crappy cars are trading at prices which are too high. The inclusion of Porsche in the hagi index is just one of the reasons that cars are seeing investor interest.
drmark said:
The yellow one at Paul Stephens is pretty good. And who cares if prices are toppish - that is what they said about the original RS in 89, now look at what a decent lightweight goes for. If you are in for the long term these are great buys - and so much more fun than most cars, let alone other forms of investment. And what is the downside? Even if market does correct in the short term, falls will be way less than the depreciation on the best modern Porsches (or to put it another way, I would rather have money in a 2.7 RS than a 4.0 one if things get sticky).
I completely agree. I haven't been able to go and see the ps car in the flesh yet and am talking to a chap about a possible private sale. Time and patience.....Whether the prices will rise or not, I think everyone would agree that they are pretty much depreciation proof, and there aren't many cars in this price bracket that can offer so much fun that will also resist depreciation - M3CSL being in the same boat currently.
Buy one and then drive it as intended.....
And if you have to sell in a year or 2, you can be happy in the knowledge that you'll get most, if not all of your purchase price back
Buy one and then drive it as intended.....
And if you have to sell in a year or 2, you can be happy in the knowledge that you'll get most, if not all of your purchase price back
squirejo said:
I completely agree. I haven't been able to go and see the ps car in the flesh yet and am talking to a chap about a possible private sale. Time and patience.....
Patience indeed. But the old adage buy the best you can afford holds true. You will never regret spending 10k too much on the perfect car but will hate the bargain that saved you £2k and turned out to need ongoing work. I went the fully restored route - new or refurbished everything much like the PS car - because I wanted a car that would see me right for 20 years before needing anything other than routine servicing (hopefully). And a hell of a lot easier to sell on too if you need to. Other option is to go with a totally original but beware, they all have rust hidden somewhere. It is the in betweeners you have to be really careful with - all that glistens is not gold. Good luck in the search.Paul Stephens' prices are always good for a laugh! Just been browsing. They have a 993 Targa for £34k. They claim superb condition and low miles, but even so.
Back to the original question, I'm fairly sure that 996GT3 prices won't drop much further and will rise. It's just an opinion, but they fall into my view of non-depreciating cars. So if you have a rare one being low miles, superb condition, no bodywork, not tracked within an inch of its life then I'd expect it to be very good financially - provided you keep it that way.
Although I deeply regret it, I sold my 6RS to 911V for the same money I paid for it when I bought privately. It was in the above condition.
Bert
Back to the original question, I'm fairly sure that 996GT3 prices won't drop much further and will rise. It's just an opinion, but they fall into my view of non-depreciating cars. So if you have a rare one being low miles, superb condition, no bodywork, not tracked within an inch of its life then I'd expect it to be very good financially - provided you keep it that way.
Although I deeply regret it, I sold my 6RS to 911V for the same money I paid for it when I bought privately. It was in the above condition.
Bert
LaurasOtherHalf said:
personally i doubt it but who knows? if the good ones get hard to find at £40k rather than the prices go up i'd just buy i 997gt3 instead at £50k.
to be honest i prefer a 997 for the interior & the headlamps but then i'm shallow. a lot of other people are shallow too though
prices have remained pretty firm for the last couple of years but then that's only because none of them have sold! the ones that have tend to be mk2's in the £35k mark.
i must point out that i don''t own a crystal ball however.
I would add that many £40k+ GT3's HAVE sold and pretty damn quickly,you maybe just don't know of it as they were never actually advertised. I know of 2 in the last year or two that swapped hands without ever seeing the classifieds to be honest i prefer a 997 for the interior & the headlamps but then i'm shallow. a lot of other people are shallow too though
prices have remained pretty firm for the last couple of years but then that's only because none of them have sold! the ones that have tend to be mk2's in the £35k mark.
i must point out that i don''t own a crystal ball however.
Edited by ClarkPB on Monday 1st April 22:17
marky911 said:
Genuine question Craig, does your mini excite you as much as the 993? Or is it nice because it's new?
You not at the 'ring?
You not at the 'ring?
Edited by marky911 on Saturday 30th March 12:23
Just enjoying a leisurely breakfast in spa as I type! Had a wonderful meal at auberge last night with around 10 other friends last night & heading over to nurburg this afternoon, not bothering with the track day at the gp circuit but definitely going on the northloop VLN day tomorrow
Genuine answer to your question-yes & no.
Does the mini give me that special feeling like the 993, no way! I loved that car & it looked just fantastic, truly stunning-it even handled once I'd rebuilt the suspension
I even liked the orange ol' car if only just to pootle around in & not dive properly.But we mentioned this yesterday as we were admiring a 964rs whilst waiting to get out in track, the pleasure in the old cars was in owning them not driving them.
Honestly the mini is proper wicked fun, we had some great laps with a red cayman R & he just couldn't get past, even on the straights. In the corners he was left behind by miles & there's a lot of fun in that!
Of course mike off here completely flew past us on the straights & at that moment I did still quite fancy one but in the whole, the mini is great.
It gets papped everywhere we go, people seem to have a lot of love for them & I absolutely hammer it everywhere, knowing if it breaks mini will sort it out for me. You can make it so some wild things out on track & I'm so comfortable that even on a power track like spa I'm not that far behind the big boys.
I don't feel the need to pamper it like the Porsches mind, but I'm quite happy with that, I bought the thing for driving not polishing.
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