Discussion
How are people finding selling these on?
I've been making enquiries of late as I'm interested in buying, and several people in the trade have been trying to steer me away from them on grounds of never being able to resell without a rogering. I've been given trade figures for GT2s that would make you weep (e.g. 68k for a 04 450bhp GT2 4k on the clock, and that was 6 months ago), and the people in the trade don't seem to think the worst is over. The most salient point being that you can buy a 997S for the type of money you can get these cars for and thats what almost everyone wants these days at that money - comfort and toys.
Its scaring me! Haven't told the other half yet as if I do I think I may get the veto on my prospective GT2/3 purchase (she's putting money in too).
Thoughts?
(feel free to pm me, if you don't want to comment publicly)
>> Edited by DanH on Tuesday 28th June 12:33
Everything has a price.
Yes, you will take a rogering when it comes time to sell it on (as you will with virtually any prestige nearly new car you care to name), but it's how much of a rogering that is the salient point here.
Reckon on losing 10k in a year on a 1/2 year old car, and you will be on about the right track with GT2 / GT3, this obviously decreases over time and seem to settle once the cars are 5/6 years old
If you buy a GT2/3 for 65k today, can you ever see it being worth less than 40-45k? previous form would tend to suggest not.
The biggest rogering will come buying a car, getting fed up with it after a year, and selling it on to the trade, effectively paying both sides of the spread. (been there, done that)
Smallest will be buying it at what you feel is a good price, keeping it for at least 2/3 years, and selling it on either privately or via sale or return.
If you want a car that won't depreciate, you have to go to the end of the depreciation scale, which means buying a car 7 years old (or more) and all that entails. im sure someone will be along telling you to get a 993RS shortly
Yes, you will take a rogering when it comes time to sell it on (as you will with virtually any prestige nearly new car you care to name), but it's how much of a rogering that is the salient point here.
Reckon on losing 10k in a year on a 1/2 year old car, and you will be on about the right track with GT2 / GT3, this obviously decreases over time and seem to settle once the cars are 5/6 years old
If you buy a GT2/3 for 65k today, can you ever see it being worth less than 40-45k? previous form would tend to suggest not.
The biggest rogering will come buying a car, getting fed up with it after a year, and selling it on to the trade, effectively paying both sides of the spread. (been there, done that)
Smallest will be buying it at what you feel is a good price, keeping it for at least 2/3 years, and selling it on either privately or via sale or return.
If you want a car that won't depreciate, you have to go to the end of the depreciation scale, which means buying a car 7 years old (or more) and all that entails. im sure someone will be along telling you to get a 993RS shortly
All true. I think GT2s are perhaps more of a risk than I realised, and that people are being optimistic selling them on. One OPC even told me they try to avoid them as they are a nightmare to resell!
If I get a GT3 I definitely may as well go OPC, as private sellers seem to think they can charge the same!
they all say GT2's are hard to sell on, hence bidding you down for them, and yet with 1 or 2 exceptions, most of the dealers I know sell GT2's quicker than turbos when they buy them in!.
GT2's will find a level - I could be proven wrong but I think we will wait a VERY long time before we ever see them sub 50k
GT2's will find a level - I could be proven wrong but I think we will wait a VERY long time before we ever see them sub 50k
dds1 said:
they all say GT2's are hard to sell on, hence bidding you down for them, and yet with 1 or 2 exceptions, most of the dealers I know sell GT2's quicker than turbos when they buy them in!.
GT2's will find a level - I could be proven wrong but I think we will wait a VERY long time before we ever see them sub 50k
To be fair, the guy saying GT2s are hard to sell on wasn't being offered a car by me, just saying they don't get them often as a result. I was looking to testdrive/buy not sell.
Its probably a case of getting one at realistic money, rather than paying what the dealers are asking at the moment. Now I know what they bid on them I have some ammo I guess.
I went through a similar dilemma, and concluded (after a few test drives) that a Mk1 GT3 was the best option - more limited numbers than the Mk2 and felt just slightly 'harder' on the road with a sharper turn in (though with the right setup there's no difference, apparently). You can also add a Manthey K400 kit to a Mk1 car for less overall outlay than a std Mk2, and then it would eat the Mk2 car alive.
I did consider (and test) 996TT, 997, and 997S models, and found them boring, overweight, and FAR too civilised
GT2 is awesomely quick but a bit less of a 'pure' driving experience than the GT3 (opinions do vary though!)
Best 'hardcore' options IMO are:
GT3 Mk1 (50k gets you a good one)
993 RS (wonderful car, but I preferred the GT3 package)
964 RS (fantastic trackday car and settled at 35 to 40k)
If you're less bothered with the 'racecar' experience and want it more for the road/GT etc. then the 997 or an X50 996TT would be a good bet.
I did consider (and test) 996TT, 997, and 997S models, and found them boring, overweight, and FAR too civilised
GT2 is awesomely quick but a bit less of a 'pure' driving experience than the GT3 (opinions do vary though!) Best 'hardcore' options IMO are:
GT3 Mk1 (50k gets you a good one)
993 RS (wonderful car, but I preferred the GT3 package)
964 RS (fantastic trackday car and settled at 35 to 40k)
If you're less bothered with the 'racecar' experience and want it more for the road/GT etc. then the 997 or an X50 996TT would be a good bet.
I've been offered an 03/05 GT3 for late 60s with warranty etc. Seems a relative bargain. Shame about the ceramic disks. Thats not private either.
A GT3 mk1 needs more than engine work to get up to mk2 spec. Theres also the better brakes and gearbox cooling. Not to mention they look better and are newer (imho).
>> Edited by DanH on Tuesday 28th June 14:35
[quote=dds1]
Yes, you will take a rogering when it comes time to sell it on (as you will with virtually any prestige nearly new car you care to name)
quote]
And, IMHO, this is the key point. I've had various prestige cars over the last few years, and the one constant is that they all lose money. My view is to enjoy your car for what it is, and count yourself lucky to be in a position to afford one in the first place, and (within reason) don't worry about the depreciation. If you either can't afford to lose the money, or can afford to, but don't want to, then don't buy a high end prestige car.
One final comment, again IMO, if you can afford it, then do it. It's well worth it.
Yes, you will take a rogering when it comes time to sell it on (as you will with virtually any prestige nearly new car you care to name)
quote]
And, IMHO, this is the key point. I've had various prestige cars over the last few years, and the one constant is that they all lose money. My view is to enjoy your car for what it is, and count yourself lucky to be in a position to afford one in the first place, and (within reason) don't worry about the depreciation. If you either can't afford to lose the money, or can afford to, but don't want to, then don't buy a high end prestige car.
One final comment, again IMO, if you can afford it, then do it. It's well worth it.
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