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GT3 values

NXI20 said:
Frenchmeister said:
If you are going to be precious about value why bother, it is a car to buy and enjoy.
A member on here has thrashed his GT3 around just about every track in Europe and I would say more than had his money worth......good on him.
That's why Porsche created the things in the first place.

That'd be me then ;) It just clocked up 149K miles on the way back from Donington on Tuesday.

My own view is that the 991 is too new to have proven itself yet. All I will say on the 991 is that the engine issues early on, combined with rear wheel steer that is hanging out in the rain, salt & general road muck doesn't give me huge confidence that these cars are going to be as tough as the older ones have proven to be. Its all very well having a warranty to protect you from the cost of failures, but they are hugely frustrating when they happen. Both my GT3s do not & have never had a warranty applied by me. They are very well built cars which with proper use & maintenance, really don't need one.

In addition, due to the way the 991 is constructed, any body damage is likely to involve far more specialist bodyshop services with the consequential increase in costs. Look underneath a 991 (any 991) & note the neat welding of old is now a thing of the past. On the 991 GT3, it has a rear subframe that looks like it should be on a Focus (it's a welded steel affair) not the beautiful cast aluminium subframes of the 996/997. This all points to costs accountants trimming production costs to maximize profits; and this is only on the bits you can actually see - who knows what's been skimped on under covers etc.?

Call me biased, but IMHO the 996/997 era GT3 is a more rewarding car to own & drive. The 3.8 997.2 in particular is a "does everything" car & is the pinnacle of the GT3 as a driver's car: modern enough to live with every day with a genuine motorsport engine that is simply a wonderful piece of engineering and as tough as old boots. The fact that values are so stable & gently rising on the older GT3s points to the market agreeing that these will be the classic GT3s of the future. They also made many more 991 era GT3s than in the previous eras which will also hold 991 prices down over the longer term.

Great insightful post as ever Nick. Hope you're well!
I cant ever see the 991.1 GT3 becoming a classic so its one to buy and enjoy :thumb:
If you want the best car and the best chance of making money buy a 997 variant GT3
 
I was not aware that the bloody accountants had been at it again at Porsche, bloody welded steel engine frames, quite shocking really for a premium brand.
No wonder their profits re climbing, the way they are going they will de value the brand in a few years time.
 
DerbyJim said:
I keep looking at a GT3, very, very nearly traded in last month but it was a 991.1 so PDK only. I then thought "hold on, I'm compromising what I want because Porsche won't sell me a new one..." so stuff em, I'll keep my C4S for a while longer!

Came to exactly the same conclusion myself about 2 months ago. Told my Dealer Principal exactly what I thought about Porsche's twisted and hypocritical GT3 supply strategy - he hasn't talked to me since. :boxer:
 
Thanks for the useful input guys. As I said, its only a musing at the moment, triggered by the broker who got me the deal on my 996 teasing me with some offers and also a drive in a 991 GT3 RS at the Porsche experience at Silverstone.... it had a PDK box and I was hugely impressed by what it could do, despite being a die hard manual lover. I love my 996 and am very happy but just wondered what might be involved in trading up to something newer.....
 
I think you've got to take the approach of buying any car, the likelihood is it will depreciate in value. How much, well that all depends on various factors. Law of averages the higher the price the bigger the hit. (apart from rare instances or rare cars in exceptional condition).

The only advise you can gain is by doing a comparison of what GT's are fetching now compared to their original price.
 
MNC911 said:
The only advise you can gain is by doing a comparison of what GT's are fetching now compared to their original price.

Here you go....

Pricing data from Piston Heads

MSRP Pricing from carmagazine.co.uk
 

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  • gt3_prices__06_17_202.pdf
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Well if the figures are correct and the ability to dry store + service are kept up with an OPC I'd say they're a good investment if it's possible to buy whilst the going is good. You won't find those sort of profits leaving the money in the bank for a year or 2.

Porsche Centre certainly a hot name right now to be dealing in :thumb:
 
MNC911 said:
Well if the figures are correct and the ability to dry store + service are kept up with an OPC I'd say they're a good investment if it's possible to buy whilst the going is good. You won't find those sort of profits leaving the money in the bank for a year or 2.

Porsche Centre certainly a hot name right now to be dealing in :thumb:

Couple of significant "if's" there :D
 
Senoj said:
MNC911 said:
Well if the figures are correct and the ability to dry store + service are kept up with an OPC I'd say they're a good investment if it's possible to buy whilst the going is good. You won't find those sort of profits leaving the money in the bank for a year or 2.

Porsche Centre certainly a hot name right now to be dealing in :thumb:

Couple of significant "if's" there :D

:thumb: too very true! That's why I leave the wheeler dealer to Mike Brewer :grin:
 
Everytime i see threads about gt3 values it makes me kick myself for not buying one when i first got hetr. 7.1 GT3RS Black/Orange with 16k on the clock at 67k :sad:
 
FZP said:
Everytime i see threads about gt3 values it makes me kick myself for not buying one when i first got hetr. 7.1 GT3RS Black/Orange with 16k on the clock at 67k :sad:

Pinch Ouch!!! £67k those days will come around again. All in good time. Porsche is strong against the £Pound & has been for the past couple of years. Most of their products have done well for price increases for second hand market.

Which is good for owners :grin:
 
MNC911 said:
FZP said:
Everytime i see threads about gt3 values it makes me kick myself for not buying one when i first got hetr. 7.1 GT3RS Black/Orange with 16k on the clock at 67k :sad:

Pinch Ouch!!! £67k those days will come around again. All in good time. Porsche is strong against the £Pound & has been for the past couple of years. Most of their products have done well for price increases for second hand market.

Which is good for owners :grin:

Let's not go there. I remember doing some (failed) man maths on a 997.2 RS for 85k, but couldn't justify it then. It was a few years ago now obviously, but pretty sure it was aqua blue with Weiss gold wheels like the one currently at JZM for £180k :wack:

The trick with GT3's is to spend now, ask questions later :grin:
 
Do the usual caveats apply to the statement "buy now, ask questions later"

1. Establish it is not crash damaged - ignore HPI - may not have been reported to insurer and may have been fixed (cheap?) as an out-of-pocket repair.

2. Steer clear of high mileage cars for best prospect of rising values.

I'm not a GT3 owner but am reliably informed on the above two points - with probably a bias towards avoiding an example in the first caveat.
 
cheshire911 said:
Do the usual caveats apply to the statement "buy now, ask questions later"

1. Establish it is not crash damaged - ignore HPI - may not have been reported to insurer and may have been fixed (cheap?) as an out-of-pocket repair.

2. Steer clear of high mileage cars for best prospect of rising values.

I'm not a GT3 owner but am reliably informed on the above two points - with probably a bias towards avoiding an example in the first caveat.

Re Point 1 - are you aware of any such cars that potential buyers should be aware of?
 
There is an "Avoidance" thread on Pistonheads but I should imagine that as these are track cars there are quite a few off the radar. Personally if they have been professionally repaired then I dont see an issue.

A red 996 GT3 has a thread of its own on here: http://911uk.com/viewtopic.php?t=118405

Pip
 

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