Why so many 997 GT3 RS's for sale & so few GT3s?
Why so many 997 GT3 RS's for sale & so few GT3s?
Author
Discussion

nemeton

Original Poster:

214 posts

234 months

Thursday 30th August 2007
quotequote all
As I check daily on here & on the OPC site, I find it a bit strange that there are more RS's for sale than GT3s (6RS's Vs 4 GT3s.) Ive always assumed that they make less RS's than GT3s but maybe not.

Its even more confusing when Ive never even seen a used RS on the OPC site. Anyone know why?

Also whilst I'm here, did anyone notice the meteor grey GT3 that was up for sale at Clinkard Cars since April, suddenly disappeared & re-appeared on Oxford Performance Center for £1K less, not a good colour then.

That Black RS with Orange decals in Derby was also recently reduced by 9K although the original £119K price was a bit optimistic.

If anyone knows of any GT3s for sale or coming up for sale with PCCBs, Ive been waiting patiently all summer & see September as the month I want to stop looking & start playing. Im getting talked into ditching my GT3 plans & going for that Blue TT with PCCBs at Cardiff OPC or similar, I cant wait much longer, help me before I make a bad decision.

Oh yes & theres 29 TTs for sale on the OPC site, not looking so good for resale if Porsche have £3million's worth of stock, so thats putting me off for now.

stefan1

987 posts

263 months

Thursday 30th August 2007
quotequote all
said:
Its even more confusing when Ive never even seen a used RS on the OPC site. Anyone know why?
Because an OPC cannot sell used cars at a premium to the new price.

Edited by stefan1 on Thursday 30th August 23:06

Geneve

4,020 posts

250 months

Thursday 30th August 2007
quotequote all
stefan1 said:
said:
Its even more confusing when Ive never even seen a used RS on the OPC site. Anyone know why?
Because an OPC cannot sell used cars at a premium to the new price.

Edited by stefan1 on Thursday 30th August 23:06
Actually they can, if they have bought the car in the open market at the prevailing price, they can add their margins, otherwise they would be locked out of the secondary market for such cars.

Ir Baboon

149 posts

270 months

Thursday 30th August 2007
quotequote all
Personally I liked the grey one, but thought it was over priced.

As for the RS debate, maybe its speculator getting out while there is a margin there

stefan1

987 posts

263 months

Thursday 30th August 2007
quotequote all
said:
Actually they can, if they have bought the car in the open market at the prevailing price, they can add their margins, otherwise they would be locked out of the secondary market for such cars.
I have to be honest and say that I really didn't think that was true, at least based on a conversation with an OPC a couple of years back. I was told then that at most they would sell a nearly new 2nd hand car at list; the reason most of these types of cars go to independents is because the OPCs (at least those owned by Porsche directly - and perhaps that's the difference?) were not allowed to put on a sticker price above MRP.

However, that conversation was two years ago, so it sounds like I'm out of date.

Have there been or are there current examples?

Kind regards

Steve


Geneve

4,020 posts

250 months

Thursday 30th August 2007
quotequote all
In general you are right, but on the rare occasions where a used car's value exceeds list, then they have to pay the going rate and add their margins, otherwise Tom Hartley and all the other prestige independents would get all those cars.

Of course they can't sell new cars, supplied by Porsche, for more than list.

Steve_M

598 posts

266 months

Friday 31st August 2007
quotequote all
US OPCs sell cars above list all day long and it pi55e5 me off. They are going for $30-$40k over list here for a 997GT3RS mad

But you can't blame them too much because there are actually stupid people out there willing to pay over list or it would never happen even mad er

Edited by Steve_M on Friday 31st August 04:38

Slippydiff

16,483 posts

254 months

Friday 31st August 2007
quotequote all
Ir Baboon said:
Personally I liked the grey one, but thought it was over priced.

As for the RS debate, maybe its speculator getting out while there is a margin there
yes Meteor strikes a good balance between practicallity and looking good without the downsides of trying to keep a Basalt black car clean !

I'm intrigued as to why you think the Meteor car is overpriced though ? Surely it's not far off the cheapest car on the market at the moment.

Ir Baboon

149 posts

270 months

Friday 31st August 2007
quotequote all
Slippydiff said:
Ir Baboon said:
Personally I liked the grey one, but thought it was over priced.

As for the RS debate, maybe its speculator getting out while there is a margin there
yes Meteor strikes a good balance between practicallity and looking good without the downsides of trying to keep a Basalt black car clean !

I'm intrigued as to why you think the Meteor car is overpriced though ? Surely it's not far off the cheapest car on the market at the moment.
At the time I was looking at one I could have at list price...... and it was in my fave colour.

That was before I decided that a 996 made better sense

ScottL

814 posts

261 months

Friday 31st August 2007
quotequote all
of the 6 RS's for sale on here 1 is sold and 2 others are non UK cars. That leaves 3 cars from a population of around 100.

Resist the temptation to go for a turbo. I'm sure you'll find a GT3 with ceramics soon. Have you tried posting a wanted ad on the Porsche club forum? Also ask around other dealers, turn up at a few track days etc...

Your perfect car is out there somewhere! Good luck with the search.


Diamond blue

3,288 posts

231 months

Friday 31st August 2007
quotequote all
I think there are nearly as many RS,s as GT3,s being given to the UK. Its a timing thing at the moment. GT3 was a few months earlier to the market and the bubble for them when they are at the highest premium is probably on the wane. RS is still at the height of the premium market and prices have been very high for the past 3 months.Another thing you have to look at with the GT3 market is that some options are very expensive ( Seats £3130, PCCB £5800 )
If the car has neither then even £88k is a bigish premium.

Davey S2

13,394 posts

285 months

Friday 31st August 2007
quotequote all
Bearing in mind they have virtually identical performance I would thing that most people would rather spend under £90K on a GT3 than around £110K on an RS.

Maybe why there are more RS's for sale?

gizard

2,272 posts

314 months

Friday 31st August 2007
quotequote all
Tonbridge OPC had a white GT3 clubsport with PCCB's for sale at 3k over list with 10k on the clock - it's the Porsche UK ex demo car so probably been ragged by all the journos. - Front end has been resprayed but you only need to look into the rads to see how far it's been driven!

Buffalo

5,488 posts

285 months

Friday 31st August 2007
quotequote all
On these pages there are a lot of posts over any period of time where it is clear that the poster is buying the ar to keep it for 6 months, get some false kudos and sell it on again within 6-8 months. Given that the RS is the "car to have" it seems many are trying to sell them on for gain.

Just what i seem to have noticed...

Diamond blue

3,288 posts

231 months

Friday 31st August 2007
quotequote all
The car being sold by Tonbridge was as mentioned above the Porsche GB press car - 911GB. Been Top Geared comprehensively I suspect! For what its worth the difference in cost between a GT3 and an RS is not quite what is generally quoted. All RS,s are "Clubsports" and therefore have the carbon seats as standard- thats £3130 to you on a GT3, as well as the unique differences such as the wider track etc. Its quite easy to spend £10k plus on options on a GT3 without going mad tbh.Remember the cost of the car is what you paid less what you sell it for plus the interest while you have it.The RS should have stronger long term residuals in the end and will therefore be a bit better financially - probably.Unless it costs you £15k above list in the first place.

Slippydiff

16,483 posts

254 months

Friday 31st August 2007
quotequote all
nemeton said:
As I check daily on here & on the OPC site, I find it a bit strange that there are more RS's for sale than GT3s (6RS's Vs 4 GT3s.) Ive always assumed that they make less RS's than GT3s but maybe not.

Its even more confusing when Ive never even seen a used RS on the OPC site. Anyone know why?

Also whilst I'm here, did anyone notice the meteor grey GT3 that was up for sale at Clinkard Cars since April, suddenly disappeared & re-appeared on Oxford Performance Center for £1K less, not a good colour then.

That Black RS with Orange decals in Derby was also recently reduced by 9K although the original £119K price was a bit optimistic.

If anyone knows of any GT3s for sale or coming up for sale with PCCBs, Ive been waiting patiently all summer & see September as the month I want to stop looking & start playing. Im getting talked into ditching my GT3 plans & going for that Blue TT with PCCBs at Cardiff OPC or similar, I cant wait much longer, help me before I make a bad decision.

Oh yes & theres 29 TTs for sale on the OPC site, not looking so good for resale if Porsche have £3million's worth of stock, so thats putting me off for now.
It's a different car apparently.

cardigankid

8,880 posts

243 months

Friday 31st August 2007
quotequote all
Even if I had the cash, I think its immoral to charge over list for a car and regard those who are talked into doing so as mugs. Its only a consumer durable, in the end, they can make more. Gets on my tits thats all.

Koln-RS

4,128 posts

243 months

Friday 31st August 2007
quotequote all
It will be interesting to see the final production figures, especially for the UK. I wouldn't be surprised if the number of GT3s and RSs isn't that far apart.

In fact, I've seen more RSs on the road than GT3 Comforts/Club Sports.

Today I saw 3 RSs on the M25, 2 Orange, 1 Black.

ScottL

814 posts

261 months

Friday 31st August 2007
quotequote all
Koln-RS said:
It will be interesting to see the final production figures, especially for the UK. I wouldn't be surprised if the number of GT3s and RSs isn't that far apart.

In fact, I've seen more RSs on the road than GT3 Comforts/Club Sports.

Today I saw 3 RSs on the M25, 2 Orange, 1 Black.
They are all heading to The Ring this weekend! The ratio of GT3's to RS's is at least 2 to 1.