First sub £50k 997 GTS?
Discussion
I appreciate it is far less expensive than others on the market, but 63,500 miles. That's a awful lot more than most out there seem to have on them (similar age models are generally somewhere between 20-30k). On that basis, its market is obviously massively shrunk as your only aiming it at someone who really can't stretch to circa 55k at which point other others become available, and on a car of this value, how many people is that really ?
Looks a decent spec, and will no doubt sell, however if it were me I wouldn't be comfortable payment 50k for it.
Looks a decent spec, and will no doubt sell, however if it were me I wouldn't be comfortable payment 50k for it.
Hobo said:
I appreciate it is far less expensive than others on the market, but 63,500 miles. That's a awful lot more than most out there seem to have on them (similar age models are generally somewhere between 20-30k). On that basis, its market is obviously massively shrunk as your only aiming it at someone who really can't stretch to circa 55k at which point other others become available, and on a car of this value, how many people is that really ?
Looks a decent spec, and will no doubt sell, however if it were me I wouldn't be comfortable payment 50k for it.
Where are you getting £55k from? The cheapest OPC GTS is £61k with the 20-30k miles you mention. The next cheapest to this one is £56k and that's creeping up there miles-wise.Looks a decent spec, and will no doubt sell, however if it were me I wouldn't be comfortable payment 50k for it.
If I was looking for a car to do track days in, use over winter and generally not be too precious about I would be tempted.
Edited by 13m on Tuesday 3rd November 09:06
Prices are going to fall dramatically over the next 6-12 months on 997s and 991s. Much greater falls will be seen than in last 5-6 years. Whether GTS, 4S, or S - doesn't matter. 997 GTS are not an investment proposition - that's crazy talk. They are being held artificially high by the cartelised OPC's (German companies love cartels - they just can't help themselves!) and this ridiculous concept of a "minimum guaranteed future value" when financing cars. Independents are sticking like parasites to the OPC prices, but something will give. The idea that a 5 year old car still holds such value is crazy. Deflation will work its magic.
plumpchicken said:
Prices are going to fall dramatically over the next 6-12 months on 997s and 991s. Much greater falls will be seen than in last 5-6 years. Whether GTS, 4S, or S - doesn't matter. 997 GTS are not an investment proposition - that's crazy talk. They are being held artificially high by the cartelised OPC's (German companies love cartels - they just can't help themselves!) and this ridiculous concept of a "minimum guaranteed future value" when financing cars. Independents are sticking like parasites to the OPC prices, but something will give. The idea that a 5 year old car still holds such value is crazy. Deflation will work its magic.
Why do you think the price of 991's will drop dramatically in 6 months? I hope so as I am thinking of changing my E92 M3 when I can afford too. One thing that does put me off is having to stump up an extra £35k for a car which is the same age, mileage and slightly less bhp. bigtime said:
plumpchicken said:
Prices are going to fall dramatically over the next 6-12 months on 997s and 991s. Much greater falls will be seen than in last 5-6 years. Whether GTS, 4S, or S - doesn't matter. 997 GTS are not an investment proposition - that's crazy talk. They are being held artificially high by the cartelised OPC's (German companies love cartels - they just can't help themselves!) and this ridiculous concept of a "minimum guaranteed future value" when financing cars. Independents are sticking like parasites to the OPC prices, but something will give. The idea that a 5 year old car still holds such value is crazy. Deflation will work its magic.
Why do you think the price of 991's will drop dramatically in 6 months? I hope so as I am thinking of changing my E92 M3 when I can afford too. One thing that does put me off is having to stump up an extra £35k for a car which is the same age, mileage and slightly less bhp. 13m said:
Where are you getting £55k from? The cheapest OPC GTS is £61k with the 20-30k miles you mention. The next cheapest to this one is £56k and that's creeping up there miles-wise.
If I was looking for a car to do track days in, use over winter and generally not be too precious about I would be tempted.
Sorry, wasn't restricting to OPC, as don't see the issue with non-OPC, ie private sales or non OPC specialists, as can still get the OPC warranty, and 2 years being £1,840.If I was looking for a car to do track days in, use over winter and generally not be too precious about I would be tempted.
There's an 11 plate, 11000 mile GTS on autotrader for 56k. So 2k extra for warranty & inspection (which no doubt the seller would contribute to as isn't obviously going to get asking price), and personally think this represents far better value.
With regards to prices as a whole, I have no idea where they will go. I suspect down (although having just purchased a 4GTS would love them not to). Winters obvioulsy coming, so generally makes them harder to shift, so prices go down accordingly (or alternatively supply dries up). I think they the GTS will perform better than the standard 2S, and the 4GTS better than the 4S, as far more special cars. Other that that, who knows.
Lungauer said:
B****r. Just bought manual GTS with 21k miles for £60.5 from an OPC. That included having a short shift fitted, but even so, perhaps I should have waited.
Edited to add - don't collect until 14th so still time to bail!
Why ??? You've seen a car you like, or so I would like to think, so whats he issue ?Edited to add - don't collect until 14th so still time to bail!
If you worry about something being cheaper in a few weeks time then you'd never buy anything, as in general, most cars depreciate.
Just buy the car, enjoy it, any worry about how much it loses, or gains, when it becomes time to sell. Life's too short.
Hobo said:
Why ??? You've seen a car you like, or so I would like to think, so whats he issue ?
If you worry about something being cheaper in a few weeks time then you'd never buy anything, as in general, most cars depreciate.
Just buy the car, enjoy it, any worry about how much it loses, or gains, when it becomes time to sell. Life's too short.
Fear not, Hobo, it was a poor stab at irony only. It's the car I wanted and that was the price, nothing more to it really. Your last sentence in particular is bang on the money.If you worry about something being cheaper in a few weeks time then you'd never buy anything, as in general, most cars depreciate.
Just buy the car, enjoy it, any worry about how much it loses, or gains, when it becomes time to sell. Life's too short.
Hobo said:
Looks a decent spec, and will no doubt sell, however if it were me I wouldn't be comfortable payment 50k for it.
+1. Obviously down to the individual, but I'd be stumping up the extra £'s for a lower mileage example. I paid £58k from OPC with 17k miles on, so the financial saving on screen price versus (in my eyes) a high mileage car doesn't stack up to me. andyc11 said:
+1. Obviously down to the individual, but I'd be stumping up the extra £'s for a lower mileage example. I paid £58k from OPC with 17k miles on, so the financial saving on screen price versus (in my eyes) a high mileage car doesn't stack up to me.
You'd probably pay more today though.As for lower mileage examples. Usually I buy low miles cars and the best of them. However, I bought my GTS with "okayish miles" and it was in "very good" as opposed to as new condition, but I got it for a very keen price. It has been liberating knowing that I can just drive it and not need to worry about resale, because I would need to trash it or put tons of miles on it for me to lose anything.
The 997GTS, great car that it is, will go down dramatically over the next two years or so to circa 40k as they are neither a rarity nor an investment,and the 991 in all its formats will drop a lot.. OPC's have the majority in stock, do finance, offer guarantees, and talk crap. But enough crap to get punters to believe they will get their ideal residual back..... Ummmmmmmmmmmmmmmm!
Big drops include the 991 GT3 which is ridiculously overpriced, Ditto the 991GTS, already hard to shift....
Even the 991RS will come back down to 160K as the only major market will be the die-hard RS lovers who will be trying to shift their 996. 997RS to pay for the 991RS
Everything that goes up must come down, except mint unmodified Limited Edition models , mostly RS 64 993 996 and in the 997RS just the rare colour ones..
Big drops include the 991 GT3 which is ridiculously overpriced, Ditto the 991GTS, already hard to shift....
Even the 991RS will come back down to 160K as the only major market will be the die-hard RS lovers who will be trying to shift their 996. 997RS to pay for the 991RS
Everything that goes up must come down, except mint unmodified Limited Edition models , mostly RS 64 993 996 and in the 997RS just the rare colour ones..
Edited by mischaRS on Tuesday 3rd November 19:24
mischaRS said:
The 997GTS, great car that it is, will go down dramatically over the next two years or so to circa 40k as they are neither a rarity nor an investment,and the 991 in all its formats will drop a lot.. OPC's have the majority in stock, do finance, offer guarantees, and talk crap. But enough crap to get punters to believe they will get their ideal residual back.....
You may be right, you may not. I neither know nor care. But I wouldn't be surprised to see prices stay firm because Porsche doesn't currently sell anything that replaces it. The 991 certainly doesn't.mischaRS said:
The 997GTS, great car that it is, will go down dramatically over the next two years or so to circa 40k as they are neither a rarity nor an investment,and the 991 in all its formats will drop a lot.. OPC's have the majority in stock, do finance, offer guarantees, and talk crap. But enough crap to get punters to believe they will get their ideal residual back..... Ummmmmmmmmmmmmmmm!
Big drops include the 991 GT3 which is ridiculously overpriced, Ditto the 991GTS, already hard to shift....
Even the 991RS will come back down to 160K as the only major market will be the die-hard RS lovers who will be trying to shift their 996. 997RS to pay for the 991RS
Everything that goes up must come down, except mint unmodified Limited Edition models , mostly RS 64 993 996 and in the 997RS just the rare colour ones..
Quite laughable inaccuracies in this post I really wouldn t know where to start....Big drops include the 991 GT3 which is ridiculously overpriced, Ditto the 991GTS, already hard to shift....
Even the 991RS will come back down to 160K as the only major market will be the die-hard RS lovers who will be trying to shift their 996. 997RS to pay for the 991RS
Everything that goes up must come down, except mint unmodified Limited Edition models , mostly RS 64 993 996 and in the 997RS just the rare colour ones..
Edited by mischaRS on Tuesday 3rd November 19:24
Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff