997 GT3 Porsche Extended Warranty
Discussion
Hi all,
I'm considering buying a 997 GT3. Looking at the prices there are cars around the £75k mark, some with Porsche extended warranty and some without. The ones with warranty generally have around 20k higher mileage than the ones without.
The question is, where would you put your money? higher mileage with warranty? Or lower mileage without?
I want to drive the car and happy to accept a level of depreciation, but of course want to protect my money as best I can.
New to the Porsche world so any info appreciated!
I'm considering buying a 997 GT3. Looking at the prices there are cars around the £75k mark, some with Porsche extended warranty and some without. The ones with warranty generally have around 20k higher mileage than the ones without.
The question is, where would you put your money? higher mileage with warranty? Or lower mileage without?
I want to drive the car and happy to accept a level of depreciation, but of course want to protect my money as best I can.
New to the Porsche world so any info appreciated!
They're really very, very tough cars when maintained well.
My view is that buy the best car you can afford/find/justify whilst doing all the homework and pre purchase inspections possible. I wouldn't be driven by mileage per se. If you plan on doing some miles in it, then why not buy a car that's already done some. Lots of these cars spend a lot of their lives standing, which long term the car will not appreciate mechanically. Cars like to be used, heat cycles, lubrication etc.
I also personally wouldn't be put off by a car that has been tracked (it's literally what they were built for), nor would I pay a premium for a car with full Porsche history or indeed a warranty.
I'd buy on condition, and also "buy the owner". I'd much rather a genuine enthusiast owned car that has been used & maintained well in line with that usage by one of our countries well regarded specialists.
I bought mine a few years back, at 32K miles, now on 50K miles. In 18,000 miles (much of it on track) mine has never put a single foot wrong. The only expenditure to date has been carefully chosen mods carried out by me (passive dampers, proper diff etc) and maintenance. Oh, and lots of tyres and brakes!
Enjoy - they are wonderfully capable all round cars.
My view is that buy the best car you can afford/find/justify whilst doing all the homework and pre purchase inspections possible. I wouldn't be driven by mileage per se. If you plan on doing some miles in it, then why not buy a car that's already done some. Lots of these cars spend a lot of their lives standing, which long term the car will not appreciate mechanically. Cars like to be used, heat cycles, lubrication etc.
I also personally wouldn't be put off by a car that has been tracked (it's literally what they were built for), nor would I pay a premium for a car with full Porsche history or indeed a warranty.
I'd buy on condition, and also "buy the owner". I'd much rather a genuine enthusiast owned car that has been used & maintained well in line with that usage by one of our countries well regarded specialists.
I bought mine a few years back, at 32K miles, now on 50K miles. In 18,000 miles (much of it on track) mine has never put a single foot wrong. The only expenditure to date has been carefully chosen mods carried out by me (passive dampers, proper diff etc) and maintenance. Oh, and lots of tyres and brakes!
Enjoy - they are wonderfully capable all round cars.
Edited by Matter88 on Monday 11th January 17:43
I assume you're possibly referencing this car Stu:
https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
dopsonj said:
I assume you're possibly referencing this car Stu:
https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
Orion Solutions...is at the same address as Williams Motor Company, worth Googling.https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
g7jhp said:
Orion Solutions...is at the same address as Williams Motor Company, worth Googling.
Or try and check out the episode of BBC Rogue Traders.All that said, it is still sometimes the case that a 'bad' dealer can sell a good motor. You just need to count your fingers much more carefully.
Digga said:
Or try and check out the episode of BBC Rogue Traders.
All that said, it is still sometimes the case that a 'bad' dealer can sell a good motor. You just need to count your fingers much more carefully.
Rogue Traders linkAll that said, it is still sometimes the case that a 'bad' dealer can sell a good motor. You just need to count your fingers much more carefully.
Matter88 said:
They're really very, very tough cars when maintained well.
My view is that buy the best car you can afford/find/justify whilst doing all the homework and pre purchase inspections possible. I wouldn't be driven by mileage per se. If you plan on doing some miles in it, then why not buy a car that's already done some. Lots of these cars spend a lot of their lives standing, which long term the car will not appreciate mechanically. Cars like to be used, heat cycles, lubrication etc.
I also personally wouldn't be put off by a car that has been tracked (it's literally what they were built for), nor would I pay a premium for a car with full Porsche history or indeed a warranty.
I'd buy on condition, and also "buy the owner". I'd much rather a genuine enthusiast owned car that has been used & maintained well in line with that usage by one of our countries well regarded specialists.
I bought mine a few years back, at 32K miles, now on 50K miles. In 18,000 miles (much of it on track) mine has never put a single foot wrong. The only expenditure to date has been carefully chosen mods carried out by me (passive dampers, proper diff etc) and maintenance. Oh, and lots of tyres and brakes!
Enjoy - they are wonderfully capable all round cars.
Matter, thanks for the info. My view is that buy the best car you can afford/find/justify whilst doing all the homework and pre purchase inspections possible. I wouldn't be driven by mileage per se. If you plan on doing some miles in it, then why not buy a car that's already done some. Lots of these cars spend a lot of their lives standing, which long term the car will not appreciate mechanically. Cars like to be used, heat cycles, lubrication etc.
I also personally wouldn't be put off by a car that has been tracked (it's literally what they were built for), nor would I pay a premium for a car with full Porsche history or indeed a warranty.
I'd buy on condition, and also "buy the owner". I'd much rather a genuine enthusiast owned car that has been used & maintained well in line with that usage by one of our countries well regarded specialists.
I bought mine a few years back, at 32K miles, now on 50K miles. In 18,000 miles (much of it on track) mine has never put a single foot wrong. The only expenditure to date has been carefully chosen mods carried out by me (passive dampers, proper diff etc) and maintenance. Oh, and lots of tyres and brakes!
Enjoy - they are wonderfully capable all round cars.
Edited by Matter88 on Monday 11th January 17:43
I see where your coming from buying from an enthusiast over a low mileage car this been kept off the road for months at a time. Food for thought.
Is it harder to come by higher mileage cars? Ive not been looking for ages, about a month, haven't seen many past mid 30k really.
There can be such a differing asking price swell, cars that look fairly similar on paper but often with £10k difference. Its trying to understand what's a good price and what isn't!
dopsonj said:
I assume you're possibly referencing this car Stu:
https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
This was one of the cars yes! I wasn't looking at it to buy as such, but that was one of the cars in question where the original question came from, 'High' mileage for what's on sake at the moment but still priced similarly. Is the warranty worth that much...https://www.autotrader.co.uk/car-details/202012046...
Previously sold on CC:
https://collectingcars.com/for-sale/2007-porsche-9...
There is a lot of talk about the current dealership that has it for sale, so I'd be conscious about that, however somewhat safe in the knowledge it's just been through an OPC with a £5k odd bill plus warranty... Would hope that it hasn't had 500+ miles since then added and would likely want another rev range report done!
I bought BertBert's old GT3, on 169,000miles and I love it, it's tight as a drum and has been extremely well maintained by Fearnsport over the years, with an independent who looked at it before Christmas mentioning that it could have 1/4 of the miles on it and it from the way it drove and looked.
I'm in for about £51,000... happy in the knowledge I can continue to add miles without damaging it's resale potential.
Interesting about the dealer though, well spotted. They've had a bargain when they bought that initially, even with auctioneer added payment. It does seem a good deal though with the £5k service having been completed.
In relation to you saying your in for £51k, are you staying you believe that's how much the car would sell for now? As in my previous comments there's not many higher mileage cars around so its hard to get a grasp of what depreciation I could expect.
whats your budget? lots of info on this forum and 911uk
i bought mine last year - first time ive ever bought from a dealer (opc) but i wanted a car that had a warranty or was eligible for one at the point of purchase
it was bought with 26k miles on it and ive done less than 500 miles in it mainly due to time and other commitments etc
they are getting to the end of their 'warranteeable' life so in 3 years time none of them will have a porsche warranty i think but others can confirm or otherwise
biggest decision i think is CS or non CS which will influence resale significantly despite them being identical in all respects other than cage and seats
one of them i viewed had rms replaced under warranty and that was a sub 30k mile car - the vendor was chuffed that he had a warranty as i would be. rare but it did happen
i bought mine last year - first time ive ever bought from a dealer (opc) but i wanted a car that had a warranty or was eligible for one at the point of purchase
it was bought with 26k miles on it and ive done less than 500 miles in it mainly due to time and other commitments etc
they are getting to the end of their 'warranteeable' life so in 3 years time none of them will have a porsche warranty i think but others can confirm or otherwise
biggest decision i think is CS or non CS which will influence resale significantly despite them being identical in all respects other than cage and seats
one of them i viewed had rms replaced under warranty and that was a sub 30k mile car - the vendor was chuffed that he had a warranty as i would be. rare but it did happen
Just as a general I'd say get any car inspected by a known specialist and then buy on condition.
I've never bought a Porsche with OPC warranty, so no warranty isn't a dealer breaker. I also like to get it serviced at my local indie (Jaz) rather than an OPC.
That said I'd only really put value in an OPC warranty (if I wanted a warranty), 3rd parties all seem to be worth less and aren't usually transferable.
A car under OPC warranty would be tied to the OPC for major servicing and waaranty renewal (although you could get some minor jobs done elsewhere) and wouldn't be able to be modified it you want to keep the warranty. Warranty to me is based on the risk of the car going wrong.
Mileage may be more a case of how you want to use your 997 GT3 as a daily, weekender, trackdays or investment.
Good luck with the search.
I've never bought a Porsche with OPC warranty, so no warranty isn't a dealer breaker. I also like to get it serviced at my local indie (Jaz) rather than an OPC.
That said I'd only really put value in an OPC warranty (if I wanted a warranty), 3rd parties all seem to be worth less and aren't usually transferable.
A car under OPC warranty would be tied to the OPC for major servicing and waaranty renewal (although you could get some minor jobs done elsewhere) and wouldn't be able to be modified it you want to keep the warranty. Warranty to me is based on the risk of the car going wrong.
Mileage may be more a case of how you want to use your 997 GT3 as a daily, weekender, trackdays or investment.
Good luck with the search.
RC1 said:
whats your budget? lots of info on this forum and 911uk
i bought mine last year - first time ive ever bought from a dealer (opc) but i wanted a car that had a warranty or was eligible for one at the point of purchase
it was bought with 26k miles on it and ive done less than 500 miles in it mainly due to time and other commitments etc
they are getting to the end of their 'warranteeable' life so in 3 years time none of them will have a porsche warranty i think but others can confirm or otherwise
biggest decision i think is CS or non CS which will influence resale significantly despite them being identical in all respects other than cage and seats
one of them i viewed had rms replaced under warranty and that was a sub 30k mile car - the vendor was chuffed that he had a warranty as i would be. rare but it did happen
£70k is pretty much top end, perhaps a bit more if the car justified it. Its after 14 years they. no longer provide warranty isn't it?i bought mine last year - first time ive ever bought from a dealer (opc) but i wanted a car that had a warranty or was eligible for one at the point of purchase
it was bought with 26k miles on it and ive done less than 500 miles in it mainly due to time and other commitments etc
they are getting to the end of their 'warranteeable' life so in 3 years time none of them will have a porsche warranty i think but others can confirm or otherwise
biggest decision i think is CS or non CS which will influence resale significantly despite them being identical in all respects other than cage and seats
one of them i viewed had rms replaced under warranty and that was a sub 30k mile car - the vendor was chuffed that he had a warranty as i would be. rare but it did happen
it seems to be a lot of the CS ones are out of price range. And in all honesty id rather have the useable space behind the seats. But it wouldn't be a deal breaker.
It's a lot of money obviously so buying from a reputable dealer would of course make me feel safer in the purchase. I'm certainly not a rich person, I'm taking the opportunity of having the money available to tick a life box and have some fun! So ensuring I don't lose a fair chunk through depreciation is my main concern. And hence why I'm on here trying to soak up as much knowledge as I can first!
g7jhp said:
Just as a general I'd say get any car inspected by a known specialist and then buy on condition.
I've never bought a Porsche with OPC warranty, so no warranty isn't a dealer breaker. I also like to get it serviced at my local indie (Jaz) rather than an OPC.
That said I'd only really put value in an OPC warranty (if I wanted a warranty), 3rd parties all seem to be worth less and aren't usually transferable.
A car under OPC warranty would be tied to the OPC for major servicing and waaranty renewal (although you could get some minor jobs done elsewhere) and wouldn't be able to be modified it you want to keep the warranty. Warranty to me is based on the risk of the car going wrong.
Mileage may be more a case of how you want to use your 997 GT3 as a daily, weekender, trackdays or investment.
Good luck with the search.
Yeah some good points there thanks, I would prefer to take a car to an Independent for any work, so I suppose searching for a car with full OPC SH or warranty wouldn't be a necessity. Would definitely want the car inspected by a reputable independent first though. I've never bought a Porsche with OPC warranty, so no warranty isn't a dealer breaker. I also like to get it serviced at my local indie (Jaz) rather than an OPC.
That said I'd only really put value in an OPC warranty (if I wanted a warranty), 3rd parties all seem to be worth less and aren't usually transferable.
A car under OPC warranty would be tied to the OPC for major servicing and waaranty renewal (although you could get some minor jobs done elsewhere) and wouldn't be able to be modified it you want to keep the warranty. Warranty to me is based on the risk of the car going wrong.
Mileage may be more a case of how you want to use your 997 GT3 as a daily, weekender, trackdays or investment.
Good luck with the search.
The car would be more of a weekend car, or off out somewhere without the dog! Maybe an investment, but it won't be left for months on end not being used. I don't know how the car market is going to look in a couple of years time given the recent news regarding the sale of completely fossil fuel engines. Hopefully for us all our cars increase! But who knows.
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