GT3 prices post 997 GT3
Discussion
OK, have decided to sell kidney and divert savings towards a GT3 purchase in the new year (a bit away yet but forward planning etc.)
Crystal Ball time. Where does everyone see GT3 prices falling to? It looks to me that with the volume of cars Stuttgart are pushing out prices are starting to bunch.
Will rhd GT3 drop and settle arount the £40K mark?
Crystal Ball time. Where does everyone see GT3 prices falling to? It looks to me that with the volume of cars Stuttgart are pushing out prices are starting to bunch.
Will rhd GT3 drop and settle arount the £40K mark?
London Irish said:
OK, have decided to sell kidney and divert savings towards a GT3 purchase in the new year (a bit away yet but forward planning etc.)
Crystal Ball time. Where does everyone see GT3 prices falling to? It looks to me that with the volume of cars Stuttgart are pushing out prices are starting to bunch.
Will rhd GT3 drop and settle arount the £40K mark?
At start of April, my plan was to wait until the new year and look for a Mk2 GT3.. but ended up buying one 2 weeks later. Reason was that the cars had dropped so much over the last 12 mths, and I could not see them dropping much more..( I paid just under £62k).. a year ago I looked and they were 75k.
IMHO the rapid drop was due to volume + the RS factor ..(GT3 owners selling to buy RS) also approach of 997 GT3.!
I think the GT3 prices will stabalise.(well I would
).. the same way the Mk 1 has held steady around the 45-50k region for good RHD. I think the RS will also drop closer to the Mk2 GT3 and there might only be a 5-10k difference in couple of years, as opposed to the 15k diff now..
I don't see how anyone can really prodect. Even Chris Harris who has good contacts in the trade etc. is getting stung on his 'depreciation free' GT2. If the 997 GT3 is a good car then it seems inevitable to me that 996 GT3 prices will suffer as people upgrade. As has been pointed out elsewhere these modern Porsches are selling on technical excellency, not character, and technical excellency dates relatively quickly.
FWIW I think they have a little bit further to go. 40k looks like a good support level for the mk1 though.
It is always going to be a lottery, life really is too short and every day worrying about depreciation is another day bereft of a sublime driving experience that is the GT3. When I'm taking my last breath and my past is flashing before me I can assure you I won't be recalling the accumulated depreciation on my cars, more likely those adrenaline induced drives that are etched in my memories.
Buy it and enjoy...
Buy it and enjoy...
kieran said:
It is always going to be a lottery, life really is too short and every day worrying about depreciation is another day bereft of a sublime driving experience that is the GT3. When I'm taking my last breath and my past is flashing before me I can assure you I won't be recalling the accumulated depreciation on my cars, more likely those adrenaline induced drives that are etched in my memories.
Buy it and enjoy...
kieran said:
It is always going to be a lottery, life really is too short and every day worrying about depreciation is another day bereft of a sublime driving experience that is the GT3. When I'm taking my last breath and my past is flashing before me I can assure you I won't be recalling the accumulated depreciation on my cars, more likely those adrenaline induced drives that are etched in my memories.
Buy it and enjoy...
Thats the Spirit
and damn right i only remember the good times i had with a car not the $$$ i spunked away 
I should say that values will be underpinned by rarity and reputation.
A standard C2 whether 993 or 996 on a MY97 is worth around 30k. It's hard to see that these cars if well looked after will ever lose bundles. For example, £25k would be very cheap.
The GT3Mk1 has a fabulous reputation and I believe around 130? were sold in the UK. These are MY2000 ? so it's hard to see that the price differential could be much less than £15k ? On which basis £40k would be very cheap.
The GT3Mk11 --- is a little more trickey. Say 240 plus 104 RS versions were sold, from MY 2003 on. Less rarity, but significantly faster and ultimately track friendly with the various suspension and brake mods which don't cost a fortune. And reliable with the GT1 based engine ... so it's hard to see that the price differential could be less than £12.5k ? On which basis £52.5+k would be a very cheap car.
The new 997 GT3 --- I am told will sell new for around £80k ? It may have 400bhp but will this be a 3.8 or a 3.6 GT1 based engine ? And it's also a bigger car.
And putting everything in perspective are 993RS prices ata round £65k for a nice one. Ok so there were only 45 but ??? They are getting a little old and will become more and more expensive to use and keep fresh.
I personaly can't see anybody losing their shirt on a sensibly priced secondhand GT3 Mk11 --- particularly since the last of the new cars are being sold as we write !
A standard C2 whether 993 or 996 on a MY97 is worth around 30k. It's hard to see that these cars if well looked after will ever lose bundles. For example, £25k would be very cheap.
The GT3Mk1 has a fabulous reputation and I believe around 130? were sold in the UK. These are MY2000 ? so it's hard to see that the price differential could be much less than £15k ? On which basis £40k would be very cheap.
The GT3Mk11 --- is a little more trickey. Say 240 plus 104 RS versions were sold, from MY 2003 on. Less rarity, but significantly faster and ultimately track friendly with the various suspension and brake mods which don't cost a fortune. And reliable with the GT1 based engine ... so it's hard to see that the price differential could be less than £12.5k ? On which basis £52.5+k would be a very cheap car.
The new 997 GT3 --- I am told will sell new for around £80k ? It may have 400bhp but will this be a 3.8 or a 3.6 GT1 based engine ? And it's also a bigger car.
And putting everything in perspective are 993RS prices ata round £65k for a nice one. Ok so there were only 45 but ??? They are getting a little old and will become more and more expensive to use and keep fresh.
I personaly can't see anybody losing their shirt on a sensibly priced secondhand GT3 Mk11 --- particularly since the last of the new cars are being sold as we write !
should have salted a few of them away pity i was 12 at the time 
Gt3 mk1 & mk2 values are still going south when the 997 Gt3 & Turbo arrive....Porsche will ensure the 997 version is faster and does a quicker lap round the ring in the hands of a driving god than the current version. Part of the reason for further depreciation will be the need for many Porsche buyers to have the latest model...also the Cayman will be available soon for 50 grand....Ok I would prefer a Gt3 as well,,,but they may be a better year round proposition..ou definitely see Gt3 prices dip out of the track day season anyhow.
Don't worry about 993RS prices ChrisW,,,,there seems to be quite a few Porsche owners getting out of new into older cars...the 993 will always have the "last of the aircoled" tag and you only have to see how 993RS prices are much stronger than TT prices...especially when you consider the huge spread when new.
Don't worry about 993RS prices ChrisW,,,,there seems to be quite a few Porsche owners getting out of new into older cars...the 993 will always have the "last of the aircoled" tag and you only have to see how 993RS prices are much stronger than TT prices...especially when you consider the huge spread when new.
In the past Porsche have been very careful to limit the number of RS models. They were generally build for homologaton purposses and had limited production. Demand was relatively high so prices are stable. The GT3 is actually a more radical car than the Rs's that preceeded it but now seems to be becomming a mainstream model. The are and will be many more in the market place.
Porsche is known for it's racing roots. My feeling is that in the past, racing was the life force of the company. Porsche loved competing and loved winning almost as much and in some cases even more than making a profit. It seems to me that it is now taking a more cynical approach to motorsport in returning to the AMLM series in it's biggest marketplace.
Porsche is now a marketting led volume car manufacturer that goes racing to sell cars. I am happy with my RS, it is a good car and thanks to cars like the 993RS, and it's low numbers residuals will stay high.
I wouldn't buy another GT3 or RS in the future though. For me, it's too risky.
Porsche is known for it's racing roots. My feeling is that in the past, racing was the life force of the company. Porsche loved competing and loved winning almost as much and in some cases even more than making a profit. It seems to me that it is now taking a more cynical approach to motorsport in returning to the AMLM series in it's biggest marketplace.
Porsche is now a marketting led volume car manufacturer that goes racing to sell cars. I am happy with my RS, it is a good car and thanks to cars like the 993RS, and it's low numbers residuals will stay high.
I wouldn't buy another GT3 or RS in the future though. For me, it's too risky.
DanH said:
I don't see how anyone can really prodect. Even Chris Harris who has good contacts in the trade etc. is getting stung on his 'depreciation free' GT2. If the 997 GT3 is a good car then it seems inevitable to me that 996 GT3 prices will suffer as people upgrade. As has been pointed out elsewhere these modern Porsches are selling on technical excellency, not character, and technical excellency dates relatively quickly.
FWIW I think they have a little bit further to go. 40k looks like a good support level for the mk1 though.
Spot- On. Also be mindful that advertised prices can differ wildly from transaction prices.
We've all, I expect endured this disappointment.
BTW I want a lap or two with you on Tuesday, if that's okay. Will bring my own pampers....[/quote]
No Problem. Make sure your pamper is well fitted though. I don't mind it being wet outside the car - It may rain on Tuesday - but inside as well?.......... Dont think that I could deal with that!
No Problem. Make sure your pamper is well fitted though. I don't mind it being wet outside the car - It may rain on Tuesday - but inside as well?.......... Dont think that I could deal with that!
steve rance said:
BTW I want a lap or two with you on Tuesday, if that's okay. Will bring my own pampers....
No Problem. Make sure your pamper is well fitted though. I don't mind it being wet outside the car - It may rain on Tuesday - but inside as well?.......... Dont think that I could deal with that!
[/quote]
Could have a terrible affect on the residuals
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