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997 GT3 price bubble bursting?

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Old 12-09-2015, 06:44 PM
  #61  
sin911
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Guys, there was also a .2 GT3 in White in Canada for sale for quite some time. Had buckets in it already and the price was very fair...

Found it: https://rennlist.com/forums/vehicle-...997-2-gt3.html
Old 12-09-2015, 06:48 PM
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neanicu
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Just buy GT4. There are more out there than Honda Civics. And they come with a warranty. For 6 figures. It's no Mezger,but those prices are over inflated by 30-40K. Believe me,I've looked! Whether that'll last is anyone's guess...
Old 12-09-2015, 06:54 PM
  #63  
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Originally Posted by neanicu
Just buy GT4. There are more out there than Honda Civics. And they come with a warranty. For 6 figures. It's no Mezger,but those prices are over inflated by 30-40K. Believe me,I've looked! Whether that'll last is anyone's guess...
Mid engine vs rear engine. Guess the days of seeing a bunch of 7rs on track is almost over. Sure hope we see plenty of gt4 and 997gt3s for a long time.
Old 12-09-2015, 07:24 PM
  #64  
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I don't think the bubble for 997 GT3s is bursting. There are a few factors at play though that might make it seem that way. A) It's winter weather for most and the 997 GT3 can't be driven as intended. So, for driver-condition cars why buy if it's just going to sit under a cover for a few months unless it's a great deal? Which, there are certainly great deals and these cars are still changing hands. B) I've heard of (what would have been) 997 GT3 buyers opting for the GT4 due to warranty, new tech, etc. C) Hype of a manual 991.2 GT3 and 911 R, which makes people a little less eager to buy the 997 GT3 that was previously said to be the last manual GT3.

With that being said, all GT3s are still special cars that are always going to maintain some level of value. Buy it, enjoy it, and don't look back. It can be stressful to own a car that is perceived as "collectible." Nobody likes depreciating assets, but most people don't realize that even if you buy a 997 GT3 and drive the snot out of it you are still almost guaranteed to lose less money to depreciation than if you were to buy something like an R8, Viper, etc. and never drive it. Besides, you may love your GT3 so much that you never want to sell it. Then, who cares what it's worth to anybody else?

FWIW, I see no fewer GT3s at the track than I used to - now there are just more 991s (which are, for the most part, more expensive than a 997 so there is no money argument to be made here). What were once buyers of new 997s are opting for 991s because they are faster, have warranty, etc. With the exception of M3s and maybe (big maybe) Corvettes, I can't really think of any other cars that I see more older models than newer models of at DEs. It seems natural to see fewer 997s at the track.
Old 12-09-2015, 07:41 PM
  #65  
Jcgateway
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Guys
Just took delivery of the 2011 GT3RS Wht/Red 11700 mile car that was for sale at Switchcars in Ohio (good guys)
I have been a F-car guy for years but wanted to give the Porsche a try. I must say, I am very impressed so far. The only thing I am going to change is add a Sharkwerks muffler bypass. Paid in the mid 160's if that helps you guys with current market. I look forward to meeting some of you in So Cal and online
Regards John C


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Old 12-09-2015, 08:05 PM
  #66  
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Congrats! Pictures please
Old 12-09-2015, 10:34 PM
  #67  
fwharvey
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Bubble appears to be alive and well (unless you're a buyer).

Demand continues to be the driver. Earlier this week, I saw the first '09 GT2 hit the market in many months. Owner asked and sold at $195k. Just a trip around the block under 10k miles and $ in the bank in 24 hrs. Confirmed with PCNA it was one of 23 sold in US market.

I'll hold on to mine cause it's more fun to drive and show than any car I've ever had...
Old 12-09-2015, 10:40 PM
  #68  
shizzle
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Originally Posted by sin911
Guys, there was also a .2 GT3 in White in Canada for sale for quite some time. Had buckets in it already and the price was very fair...

Found it: https://rennlist.com/forums/vehicle-...997-2-gt3.html
That car sold not very long ago. It sold for asking, so the market is strong. I'd chalk the slow movement due to the season.
Old 12-09-2015, 11:45 PM
  #69  
Greg Lab
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Originally Posted by fwharvey
. Earlier this week, I saw the first '09 GT2 hit the market in many months. Owner asked and sold at $195k.
.
Sure would be nice to see a picture of that! '09 GT2, wow...
Old 12-10-2015, 01:42 AM
  #70  
sunnyr
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Every few months someone (who just happens to be in the market?) makes a post about the "bubble" bursting and get my hopes high of finally being able to afford a .2 RS, but never happens. Now I am just jaded.

Originally Posted by neanicu
Just buy GT4.
2 very different cars.
Old 12-10-2015, 01:47 AM
  #71  
sin911
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Originally Posted by shizzle
That car sold not very long ago. It sold for asking, so the market is strong. I'd chalk the slow movement due to the season.
Didn't know it already sold, good for the seller. That car was a great deal.

I just posted about this car because one of the members in this thread is looking for a GT3 and is already in Canada. Not because I think market is weak.
Old 12-10-2015, 02:03 AM
  #72  
mooty
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Originally Posted by sunnyr
Every few months someone (who just happens to be in the market?) makes a post about the "bubble" bursting and get my hopes high of finally being able to afford a .2 RS, but never happens. Now I am just jaded.


2 very different cars.
dont worry.
when it bursts, you will see 50-100 RS in my warehouse. i give you first dib. until then, there's no bubble and nothing to pop. enjoy your blk beauty.
Old 12-10-2015, 09:20 AM
  #73  
redmonkey928
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Originally Posted by mooty
dont worry. when it bursts, you will see 50-100 RS in my warehouse. i give you first dib. until then, there's no bubble and nothing to pop. enjoy your blk beauty.
If that happens; 49-99 in your warehouse.

Sorry, need at least one...
Old 12-10-2015, 09:31 AM
  #74  
Greg Lab
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Originally Posted by redmonkey928
If that happens; 49-99 in your warehouse.

Sorry, need at least one...
+1
me too...
Old 12-10-2015, 10:56 AM
  #75  
FJSeattle
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Originally Posted by Jcgateway
Guys
Just took delivery of the 2011 GT3RS Wht/Red 11700 mile car that was for sale at Switchcars in Ohio (good guys)
I have been a F-car guy for years but wanted to give the Porsche a try. I must say, I am very impressed so far. The only thing I am going to change is add a Sharkwerks muffler bypass. Paid in the mid 160's if that helps you guys with current market. I look forward to meeting some of you in So Cal and online
Regards John C


2003 Ferrari 360 Modena
1994 Ferrari 512TR
2003 BMW Z8 Alpina
2015 Audi S3
2004 Jag XJR
Mustang GT1 Trans Am Race Car
2011 GT3 RS
2014 Toyota Tacoma (my daily)

Get side muffler bypass and PMNA muffler. No reason to keep the valve operation, especially when you get rid of the center.


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