Porsche 997.2 GT3 appreciation in value

[sebulban]

Does anyone own a version of this?

Seems like a mega investment either way.

Original price of circa £86k for a 2010 model to be going for circa £120k now. Anyone see the appreciation flat lining?

Will the fact that the manual will become even more desirable as the years go on keep the price rising?

Appreciate any feedback.

Thanks.

[mollytherocker]

I wish!

Its all guesswork really, but its hard to see them dropping in value unless we have some sort of worldwide economic meltdown or legislation has a major effect on them.

I predict them holding or rising gently.

[Porsche911R]

A lot of cars are not selling now prices have gone up.

Before there was no chance by mid April to get a GT3, now loads of all models for sale.
Too many people cashing in.
Best value gt3 seem to be a £75k 997.1 ATM

But yet another values thread is a sign on the times and quite dull.

[Fokker]

mollytherocker said:

I wish!

Its all guesswork really, but its hard to see them dropping in value unless we have some sort of worldwide economic meltdown or legislation has a major effect on them.

I predict them holding or rising gently.

I think with the next 3 having a manual option this will stop the 997.2 rising to stupid values. The market isn't what it was and there are cars sticking about. Portsmouth have a CS red car that isn't selling. Comfort cars don't move quickly either. They won't come down in my view but as Molly says about, a steady rise is probable rather than a a huge leap.

[sebulban]

I didn't want to muddy the waters with "another boring GT3 thread" as I am very much at the lower end of the Porsche ownership ladder. I own one Cayman S....

I am thinking of investing though (and obviously getting the enjoyment that comes with a GT3).

I just know there are a lot of switched on people on here and I am all ears when it comes to knowledge and experience.

If the 997.2 GT3 is the last manual gearbox they will make then it seems about right they would hold or start to rise.

Even looking on here, taking the RS out of the numbers, there are not many Gen 2 GT3's for sale. So am I missing something when people say the market has lot of them or they are sticking about?

[Dr S]

I would personally never stretch myself financially to buy a car as an investment. Was contemplating a CGT 1.5 years back and yes, in hindisght I could have made a fortune but did at the time not want to tie too much cash in one single car. Got a 7.2RS instead which increased 50% in the meantime but I do not want to sell the car, it's a keeper

If you can afford a 3 and enjoy the car for what it is, then go ahead. If you are lucky, values remain flat or even increase and you have free motoring in an exceltional machine. If it is only about making money, I would stay away from it

[Wilmslowboy]

Are they really £120k now

I looked for one at the start of the year and spoke to a potential seller (v low miles, CS, white, lift etc) and pretty sure that could have been had for closer to £100k (perhaps a little more).

I would be a little nervous they are entering that middle stage - where not the latest and greatest (I.e GT4) or old enough to be classic (996 GT3)


I'd still like one but at £120k there's a lot of froth to potentially lose .....

[Porsche911R]

sebulban said:

I didn't want to muddy the waters with "another boring GT3 thread" as I am very much at the lower end of the Porsche ownership ladder. I own one Cayman S....

I am thinking of investing though (and obviously getting the enjoyment that comes with a GT3).

they are very long geared and no real power till 6k, so when you say enjoyment, it's more frustration to own one.
Every one wants a GT3 but many buy and sell them hence you see a few with 6 or 7 owners on a 5 year old car.

If you want a car to drive just on the road buy a Cayman R, they might even go up ! plus they are £45k not £120k

also you need to buy cash, buying these things on expensive PCP's with 20k interest is never a good investment and then you have to find the £50k balloon.

[av185]

sebulban said:

Seems like a mega investment either way.

Anyone see the appreciation flat lining?

Will the fact that the manual will become even more desirable as the years go on keep the price rising?

Recent easing of prices could well indicate a purchase now could well be at the short term top of the market.

No way is the car a mega investment then but long term residuals will probably be reasonable due to the very nature of the car. Don t underestimate the costs of upkeep....remember this is an older GT3 costing substantially more to run than 'new' GT competitors such as the GT4 and forthcoming likely increased production (relative to previous gens) 'manuel' and PDK S GT3 both cars of which offer increased usability and therefore appeal to many over the relatively hardcore 997.

The hitherto large price increases on the 997 has largely been down to the absence of a 'manuel' option on the 991 GT3. As this will be offered on the 991.2, spending c£115k+ on a GT3 will make the new car a no brainer to many. It will be interesting to see how 991.2 prices develop relative to the gen 1 bearing in mind the increased production and gearbox choices available which will doubtless have a bearing on the 997 short term.

[S1MMA]

Porsche911R said:

they are very long geared and no real power till 6k, so when you say enjoyment, it's more frustration to own one.

No power till 6k? Yeah I usually really struggle between 2-6k RPM, it doesn't even accelerate up slight gradients in 1st or 2nd gear. How much power does a GT3 motor make at 4k rpm? Do you even know? How much does a Cayman R motor make at the same revs?

Porsche911R said:

Every one wants a GT3 but many buy and sell them hence you see a few with 6 or 7 owners on a 5 year old car.

You are right, you need to be a true enthusiast and car nut to own one long term. How long did you have yours for again?

Porsche911R said:

If you want a car to drive just on the road buy a Cayman R, they might even go up ! plus they are £45k not £120k

If you are a "settle for average" kind of guy, I agree, but a Cayman S/R whatever and revel in your mediocre automobile. Nothing wrong with it, but it's no GT3. For anyone looking to ask if I have owned one, yes I have and I'm fully aware of how they drive. Good chassis, crap engine.

[v8ksn]

It will be interesting to see what happens to 991.1 GT3 prices once the 991.2 GT3 is released.

Currently they cheapest 991.1 GT3 is around £120k which is still £20k over its original list price.

If the new 991.2 GT3 retails for around £105k (which seems about right) it means potential buyers will have to choose from....

• A brand new 991.2 GT3 with a choice of manual or PDK-S
• A very low mileage GT4 with manual only gearbox
• A used 991.1 GT3 with a PDK-S only gearbox

[Fokker]

v8ksn said:

It will be interesting to see what happens to 991.1 GT3 prices once the 991.2 GT3 is released.

Currently they cheapest 991.1 GT3 is around £120k which is still £20k over its original list price.

If the new 991.2 GT3 retails for around £105k (which seems about right) it means potential buyers will have to choose from....

• A brand new 991.2 GT3 with a choice of manual or PDK-S
• A very low mileage GT4 with manual only gearbox
• A used 991.1 GT3 with a PDK-S only gearbox

I think 991.1 values will stay the same, maybe the top end could come down a little but you'll see 991.2's at 190 - 200k on the used market.

[lemmingjames]

lets hope the bubble bursts soon and everyone can get back to posts about driving

[kbooker]

lemmingjames said:

lets hope the bubble bursts soon and everyone can get back to posts about driving

who knows when but it will....again

[Jim1556]

Wish I'd had the funds for the Guards Red 7.2 GT3 at OPC Cambridge a few years ago...

£69k...

[v8ksn]

Fokker said:

I think 991.1 values will stay the same, maybe the top end could come down a little but you'll see 991.2's at 190 - 200k on the used market.

No way! ....... I hope!

If 991.2 GT3's go to £190-200k then I will eat my gym socks!

[Porsche911R]

S1MMA said:

If you are a "settle for average" kind of guy, I agree, but a Cayman S/R whatever and revel in your mediocre automobile. Nothing wrong with it, but it's no GT3. For anyone looking to ask if I have owned one, yes I have and I'm fully aware of how they drive. Good chassis, crap engine.

never seen any one say the 3.4 dfi lump is a crap engine, each to their own imo it's one of Porsches better lumps in the water cooled era.
quite light, free reving and no issues, a very nice engine all said and done.

[Cheib]

Fokker said:

I think 991.1 values will stay the same, maybe the top end could come down a little but you'll see 991.2's at 190 - 200k on the used market.

Why do you think 991.2's will have that much of a premium ? Are we talking manual cars ?

I think what will be interesting is how many people go manual or PDK...so many complaints about no manual box not being available but so many owners now saying the PDK box really suits the car.

[hondansx]

Out of interest, what do people think will happen to 'the bubble' if Porsche do indeed release a manual Gen 2 991 GT3?

[Fokker]

Cheib said:

Why do you think 991.2's will have that much of a premium ? Are we talking manual cars ?

I think what will be interesting is how many people go manual or PDK...so many complaints about no manual box not being available but so many owners now saying the PDK box really suits the car.

Main reason is that top end Gen 1's are at 150 - 160k still so they'll have to gap that by a decent margin to allow the gen 1 to still sell.

I accurately predicted the GT4 at 110k, I reckon 190k for base spec and 210k for high spec. This puts in in the middle of the 991.1 GT3 and 991.1 RS

Loads of people still want PDK, I reckon the take up will be about 60/40 (as manual's a novelty on this car) poss 70/30 PDK to Manuall. The 991.1 will still be popular and maintain its current value in my view.