991 GT3 Pricing Question
10-15-2017, 01:33 PM
#1
991 GT3 Pricing Question
Hey guys,
Long time GT3 fan and I have quick question on a car I am about to purchase. I have the opportunity to buy my friend's 2015 991 GT3 with about 20.5k miles on it. The car has some great options that I wanted ($150k MRSP: Ceramic Brakes, Axel Lift, LED headlights, sound package, etc). When he bought the car at 7,000 miles he accidentally checked the wrong box (English is his second language) and he marked it not actual miles. That means the title is clean but comes up with an odometer warning on the carfax. Because of this he's willing to discount the price and also sign a statement of fax for me to try and fix the odometer. He's too busy (and wealthy) to care so he was going to trade the car in at $115k to a dealer (I have confirmed with said dealer on this number).
He's offering it to me at the same price 115k so I was wondering what your guys thoughts are. Porsche inspection from the dealership came back clean. My private shop in SoCal also determined the car is in great shape and the odometer is accurate. It also has the remaining factory warranty. Any of your thoughts on the price as well as any thoughts on how it might effect the resell value would be appreciated. I'm planning on keeping the car for 2 years and putting about 18 more miles on it. Potentially longer because this honestly is the best car I've ever driven and I've had ownership and/or long term experiences with a lot of different hight end cars. None gave me the feelings the GT3 did. Hoping to get into the market at this price point but I also don't want to make the wrong choice.
Thank you for any advice and hope to join the GT3 family
PS the car also comes with a $4200 FI exhaust system which I was going to add anyways.
Long time GT3 fan and I have quick question on a car I am about to purchase. I have the opportunity to buy my friend's 2015 991 GT3 with about 20.5k miles on it. The car has some great options that I wanted ($150k MRSP: Ceramic Brakes, Axel Lift, LED headlights, sound package, etc). When he bought the car at 7,000 miles he accidentally checked the wrong box (English is his second language) and he marked it not actual miles. That means the title is clean but comes up with an odometer warning on the carfax. Because of this he's willing to discount the price and also sign a statement of fax for me to try and fix the odometer. He's too busy (and wealthy) to care so he was going to trade the car in at $115k to a dealer (I have confirmed with said dealer on this number).
He's offering it to me at the same price 115k so I was wondering what your guys thoughts are. Porsche inspection from the dealership came back clean. My private shop in SoCal also determined the car is in great shape and the odometer is accurate. It also has the remaining factory warranty. Any of your thoughts on the price as well as any thoughts on how it might effect the resell value would be appreciated. I'm planning on keeping the car for 2 years and putting about 18 more miles on it. Potentially longer because this honestly is the best car I've ever driven and I've had ownership and/or long term experiences with a lot of different hight end cars. None gave me the feelings the GT3 did. Hoping to get into the market at this price point but I also don't want to make the wrong choice.
Thank you for any advice and hope to join the GT3 family
PS the car also comes with a $4200 FI exhaust system which I was going to add anyways.
Last edited by GT3RUS; 10-16-2017 at 04:33 AM.
10-15-2017, 02:09 PM
#3
Rennlist Member
Can you check the service records on the car? If so keep a copy for your records. I believe it is possible to rectify the documentation problem. Might be something of a painful process but most likely worth the effort.
The other issue I see is with the extended factory warranty for the DLC issue. Hard to predict what Porsche would or would not do for you. Probably worth a phone call to PCNA
The other issue I see is with the extended factory warranty for the DLC issue. Hard to predict what Porsche would or would not do for you. Probably worth a phone call to PCNA
10-15-2017, 02:30 PM
#4
Can you check the service records on the car? If so keep a copy for your records. I believe it is possible to rectify the documentation problem. Might be something of a painful process but most likely worth the effort.
The other issue I see is with the extended factory warranty for the DLC issue. Hard to predict what Porsche would or would not do for you. Probably worth a phone call to PCNA
The other issue I see is with the extended factory warranty for the DLC issue. Hard to predict what Porsche would or would not do for you. Probably worth a phone call to PCNA
Just something I notice, the odoemeter record on the carfax is correct as well - it says the first owner accepted the car at 33 miles and by friend bought it at 6800. So nothing out of place. The car reads 20,500 now.
Assuming the carfax issue can't be fixed, I think market value for a car like this but with no carfax issue would be 130-135k) for the carfax showing "odometer record problem", is a 15k discount off market value sound like a good deal?
10-15-2017, 04:13 PM
#5
Three Wheelin'
Hey guys,
Long time GT3 fan and I have quick question on a car I am about to purchase. I have the opportunity to buy my friend's 2015 991 GT3 with about 20.5k miles on it. The car has some great options that I wanted ($150k MRSP: Ceramic Brakes, Axel Lift, LED headlights, sound package, etc). When he bought the car at 7,000 miles he accidentally checked the wrong box (English is his second language) and he marked it not actual miles. That means the title is clean but comes up with an odometer warning on the carfax. Because of this he's willing to discount the price and also sign a statement of fax for me to try and fix the odometer. He's too busy (and wealthy) to care so he was going to trade the car in at $115k to a dealer (I have confirmed with said dealer on this number).
He's offering it to me at the same price 115k so I was wondering what your guys thoughts are. Porsche inspection from the dealership came back clean. My private shop in SoCal also determined the car is in great shape and the odometer is accurate. It also has the remaining factory warranty. Any of your thoughts on the price as well as any thoughts on how it might effect the resell value would be appreciated. I'm planning on keeping the car for 2 years and putting about 18 more miles on it. Potentially longer because this honestly is the best car I've ever driven and I've had ownership and/or long term experiences with a lot of different hight end cars. None gave me the feelings the GT3 did. Hoping to get into the market at this price point but I also don't want to make the wrong choice.
Thank you for any advice and hope to join the GT3 family
PS the car also comes with a $4200 FI exhaust system which I was going to add anyways.
Long time GT3 fan and I have quick question on a car I am about to purchase. I have the opportunity to buy my friend's 2015 991 GT3 with about 20.5k miles on it. The car has some great options that I wanted ($150k MRSP: Ceramic Brakes, Axel Lift, LED headlights, sound package, etc). When he bought the car at 7,000 miles he accidentally checked the wrong box (English is his second language) and he marked it not actual miles. That means the title is clean but comes up with an odometer warning on the carfax. Because of this he's willing to discount the price and also sign a statement of fax for me to try and fix the odometer. He's too busy (and wealthy) to care so he was going to trade the car in at $115k to a dealer (I have confirmed with said dealer on this number).
He's offering it to me at the same price 115k so I was wondering what your guys thoughts are. Porsche inspection from the dealership came back clean. My private shop in SoCal also determined the car is in great shape and the odometer is accurate. It also has the remaining factory warranty. Any of your thoughts on the price as well as any thoughts on how it might effect the resell value would be appreciated. I'm planning on keeping the car for 2 years and putting about 18 more miles on it. Potentially longer because this honestly is the best car I've ever driven and I've had ownership and/or long term experiences with a lot of different hight end cars. None gave me the feelings the GT3 did. Hoping to get into the market at this price point but I also don't want to make the wrong choice.
Thank you for any advice and hope to join the GT3 family
PS the car also comes with a $4200 FI exhaust system which I was going to add anyways.
seems like a no-brainer to me????
10 year warranty for FF engine issue...who cares about mileage...
$115 is crazy asking price....due diligence is needed as well as PPI by reputable 3rd party---if everything checks out, ok ..congrtas to you...buy of the year
10-15-2017, 05:14 PM
#7
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It really isn't crazy. I am in the hunt for a .1 GT3 as well and spoke with several dealers frankly on what they are taking them in on .2 trades. They aren't even giving 160+MSRP 2015s with <10k miles anything more than mid 120s.
It only seems crazy because the prices are being inflated for so long from dealer ADM and flippers. Personally, I always use dealer trade in prices as the real gauge of what the market is, as it sets the floor of the market; dealer asking price is the ceiling and private parties should be somewhere in between. The OP got a good deal to be sure, but it isn't crazy.
It only seems crazy because the prices are being inflated for so long from dealer ADM and flippers. Personally, I always use dealer trade in prices as the real gauge of what the market is, as it sets the floor of the market; dealer asking price is the ceiling and private parties should be somewhere in between. The OP got a good deal to be sure, but it isn't crazy.
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10-15-2017, 07:52 PM
#8
It really isn't crazy. I am in the hunt for a .1 GT3 as well and spoke with several dealers frankly on what they are taking them in on .2 trades. They aren't even giving 160+MSRP 2015s with <10k miles anything more than mid 120s.
It only seems crazy because the prices are being inflated for so long from dealer ADM and flippers. Personally, I always use dealer trade in prices as the real gauge of what the market is, as it sets the floor of the market; dealer asking price is the ceiling and private parties should be somewhere in between. The OP got a good deal to be sure, but it isn't crazy.
It only seems crazy because the prices are being inflated for so long from dealer ADM and flippers. Personally, I always use dealer trade in prices as the real gauge of what the market is, as it sets the floor of the market; dealer asking price is the ceiling and private parties should be somewhere in between. The OP got a good deal to be sure, but it isn't crazy.
10-15-2017, 07:58 PM
#9
10-15-2017, 08:57 PM
#11
Originally Posted by PNWDude
Personally, I always use dealer trade in prices as the real gauge of what the market is, as it sets the floor of the market; dealer asking price is the ceiling and private parties should be somewhere in between. The OP got a good deal to be sure, but it isn't crazy.
10-15-2017, 09:51 PM
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@GT3RUS. I am seeing couple '14 sold in the low 120s (one sold at exactly 120), '15s in the low 130s (actual prices they were sold at). And these are good condition, decently optioned cars. Just gotta be patience, know what you want and be ready to buy. I would also recommend checking your local enthusiast groups, believe it or not, a lot of people end up trading in their car for less money they could have gotten just to save the hassle with selling it themselves.
FWIW, I don't mind buying on the east coast as long as the car check out. Shipping it from east to west probably won't run anything more than 2k. Or you can always take a nice long drive back. Road trip across the US can be pretty fun.
FWIW, I don't mind buying on the east coast as long as the car check out. Shipping it from east to west probably won't run anything more than 2k. Or you can always take a nice long drive back. Road trip across the US can be pretty fun.
10-15-2017, 10:04 PM
#13
Rennlist Member
Pricing seems about right. I sold my 14 GT3 with 24,000 miles and 36 track days with a MSRP of $159,000 for $120,000 in June, before the COG meeting and announcement of the warranty coverage for the FF issue. Buyer got a great deal! Looking back, perhaps I could have gotten around 130 post engine warranty announcement.
10-15-2017, 10:13 PM
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True @shapiroeric. It won't cover all the instances, but its a good rule of thumb. Most of the time dealers won't want to dig themselves in the hole with the next sales. In the end they are just shifting the money around.
And since we are talking about dealer units now, another small thing I do is to look at when the dealer took the car in (You can typically tell with CarFax when they took in the car). A week ago? A month? 3 months? or even longer? @60+ days most dealers would want to move it out, @90+ they start to get pretty aggressive. Going into off season with new year around the corner like we are now, this is even more of a factor. In the end, it is a business, good ole rule of TVM applies. However they finance their inventory, there is no escaping from that.
And since we are talking about dealer units now, another small thing I do is to look at when the dealer took the car in (You can typically tell with CarFax when they took in the car). A week ago? A month? 3 months? or even longer? @60+ days most dealers would want to move it out, @90+ they start to get pretty aggressive. Going into off season with new year around the corner like we are now, this is even more of a factor. In the end, it is a business, good ole rule of TVM applies. However they finance their inventory, there is no escaping from that.
10-15-2017, 10:47 PM
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I bet you this 2016 can be have for around mid 130s if it is still available by the end of the month. Just gotta be patience.
https://www.autotrader.com/cars-for-...modelCode1=911
https://www.autotrader.com/cars-for-...modelCode1=911