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Purchase Advice: GT3 MK1. Please HELP

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Old 02-21-2019, 10:50 AM
  #16  
chillindrdude
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Originally Posted by Alfonso Zito
Hi guys,

i'm seriusly considering to purchase a GT3 991 Mk1, MY16, 10.000 km, registred on 11/2015, with engine code G01014.

As for the Mk1 engine issue, do you suggest it as safe and reliable enough to approach on it?

Any reply or advice are really welcome.
Foremost
I would want maintenance records. And if possible, I'd like to speak to previous owner(s) to gauge meticulousness/believability.

I think motors approaching 10k mileage have demonstrated some measure of "reliability", with my rationale, that if something was to go wrong, it would have.

​​​​​​A 991.1 with the above to my satisfaction, 10yr/100k engine warranty, and ~120k price, is a hard to beat value proposition.

Old 02-21-2019, 12:09 PM
  #17  
yxc145
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Originally Posted by majedameeri
F engines still have problems, my 2015 car had its engine replaced last month. Moreover, 2 other cars I know that were 2015s had their engines replaced. But porschP are very sensitive about engine replacement, if they open the old engine and see any wear down of components they will replace it.
Originally Posted by Cay_PI
Its simple, if the engine has a problem, it will fail long before the warranty expires (if you drive the car). So after 10 years, you will ether have a car with a reliable engine from beginning or one with the newest G-engine
Originally Posted by chillindrdude
Foremost
I would want maintenance records. And if possible, I'd like to speak to previous owner(s) to gauge meticulousness/believability.

I think motors approaching 10k mileage have demonstrated some measure of "reliability", with my rationale, that if something was to go wrong, it would have.

​​​​​​A 991.1 with the above to my satisfaction, 10yr/100k engine warranty, and ~120k price, is a hard to beat value proposition.

I bought mine with 17,000 miles. So is it safe to say that it has been tested and passed? I sincerely hope so.
Old 02-21-2019, 12:28 PM
  #18  
vodavoda
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Originally Posted by Alfonso Zito
Giuseppe thanks for your info.
I supposed that last spec G solved almost every issue.

So nothing changed from the F and E? My fear is to have trouble after the 10 years guarantee, and face a 50k repairing cost for this.

Not sure to spend 125k for a walking dead car, if the mk2 is bulletproof with 20k more.

Maybe be better to wait?
Originally Posted by Alfonso Zito


the idea is to buy to use and collect it, over the time, that’s why I’m not sure about this.
not sure that Mk2 drop to 120/130k in one year, unfortunately.

And my fear also is that Mk1 will dramatically drop down on value for this issue, as I see cars on sales for over 1 year, even tough we are spoken about few G cars affected, it seems
To be honest, looking at what you've posted above, this is not the car for you. (also .1 or .2 .... prounced "dot one" and "dot two", not MKI or MKII, that is GT40 nomenclature from the 60's )
IMO, this car will never, at least in my lifetime, be a collector. It is simply a depreciating asset that's meant to be used...that goes for the .1 and .2. If you are looking for more of a "collector" type of purchase, go for a RS or more likely a 2RS.
Old 02-21-2019, 12:54 PM
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rcristobal
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There was one dealer for sale near me that had a 2015 GT3 with 107k miles. The sales guy said he used it to commute from Colorado to all around California. These cars are meant to be driven and will last as long with required maintenance.
Old 02-21-2019, 12:55 PM
  #20  
Muu83
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yeah not uncommon to see big mile Turbo, and if the GT3s brother can do it....
Old 02-21-2019, 01:42 PM
  #21  
robmypro
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It is really hard to buy a collector car because when they come out nobody is sure they will be. Take the 911 R. People thought that was going to be a collector car, so many paid way over MSRP. That didn't work out well because Porsche made a manual GT3 after they said the 911 R was the last one. So nobody knows which cars will be collectors, myself included. The best advice I can give is if you have $120 to $130k, the .1 GT3 is a fabulous car. The only strike against it is the engine, and not many people have had problems. But if yours does, engines are on Porsche for the next 5 or 6 years minimum. It is the longest engine warranty ever offered by an automobile manufacturer. It is a great driver, but it is not a collector car. If you have $30k to $50k more to spend, the .2 GT3 is a fabulous car. The manual could hold its value better, but again, who knows. If Porsche comes out with a 992 manual naturally aspirated and it kicks butt, well, the .2s might not hold their value as well. Impossible to say, but if I had to put money on anything holding their values well, I would say the .2 GT3 manual might be the car. Having said all of this, I think it is unlikely that any of these cars appreciate. But they are all great drivers. Get one, put a ton of miles on it, and enjoy it to the max. If it does really start to appreciate, you will be cursed because then you won't be able to drive it for fear you are hurting the value too much. No thanks!
Old 02-21-2019, 01:45 PM
  #22  
Muu83
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ultimately if they continue to be an issue after the 10 year point, loads of specialists will develop an effective repair.
Old 02-21-2019, 02:55 PM
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itrsteve
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Originally Posted by rcristobal
There was one dealer for sale near me that had a 2015 GT3 with 107k miles. The sales guy said he used it to commute from Colorado to all around California. These cars are meant to be driven and will last as long with required maintenance.
I really want to know what that thing sold at. I saw it come up on the first day at $90k and was gone instantly.

Side note: LOL @ people treating any 991 GT3 as a collector car (minus the R and speedster), they made too damn many of them... Sorry. Buy them, drive them and the engine warranty on these things is a damn dare if you ask me. Porsche is daring you to blow the thing up.
Old 02-21-2019, 03:36 PM
  #24  
tlisotta
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I am in the hunt for a 991.1 GT3 with LWBs for the track. I think it is a great price point right now bc of the warranty. Would not scare me to buy a 2015 or 2016 as I agree it is not a collectors car. Meant to be driven like you stole it. I look as it as - drive with a warranty and have peace of mind.
Old 02-21-2019, 03:46 PM
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RDCR
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Originally Posted by itrsteve
I really want to know what that thing sold at. I saw it come up on the first day at $90k and was gone instantly.

Side note: LOL @ people treating any 991 GT3 as a collector car (minus the R and speedster), they made too damn many of them... Sorry. Buy them, drive them and the engine warranty on these things is a damn dare if you ask me. Porsche is daring you to blow the thing up.
I test drove that car and later met the guy that bought it. I ended up buying another GT3 Monterey had just got in because I wanted GT silver not Agate grey. Yes it sold at the 90K price they listed it at. It ran perfectly and was every bit as tight as the 12K mile car I ended up getting. It had 0 track miles and it sounds like the new owner is not going to track it either.
Old 02-21-2019, 04:01 PM
  #26  
rcristobal
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Originally Posted by RDCR
I test drove that car and later met the guy that bought it. I ended up buying another GT3 Monterey had just got in because I wanted GT silver not Agate grey. Yes it sold at the 90K price they listed it at. It ran perfectly and was every bit as tight as the 12K mile car I ended up getting. It had 0 track miles and it sounds like the new owner is not going to track it either.
They actually had the price at $82k when I inquired about it. The sales guy said they had so many calls and bump the price the next day. Only thing about that car was road salt done to it being in Colorado.
Old 02-21-2019, 04:19 PM
  #27  
itrsteve
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Originally Posted by RDCR
I test drove that car and later met the guy that bought it. I ended up buying another GT3 Monterey had just got in because I wanted GT silver not Agate grey. Yes it sold at the 90K price they listed it at. It ran perfectly and was every bit as tight as the 12K mile car I ended up getting. It had 0 track miles and it sounds like the new owner is not going to track it either.
These are the stories that warm my heart. I was happy to see that listing disappear nearly instantly, it illustrated a resistance point that even with the engine concerns and getting towards the end of the warranty life that people will gladly look past.

As an additional data point: I picked up an absolutely pristine 2015, two-owner, 11k mile, $156k MSRP for $121k last week. I honestly laughed the whole 3 hour drive home as it felt like I stole the thing.

Also, I'm strongly confident in my speculation that the absolute dollar loss in value over the five year term will be much less on this than if I ponied up the extra $35-50k for a .2. Any mass produced car is subject to the depreciation hit they take in the first 3 years, and these things certainly aren't unicorns.



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