Evaluating mileage (.1 GT3s)
#1
Evaluating mileage (.1 GT3s)
Premise: I’m looking to buy a .1 GT3. This would be my first GT car. I’m likely to buy a CPO car, not sure what this will really mean in terms of years of coverage, but I’m also looking for a car with the extended engine warranty.
As I’m evaluating different cars, I’m curious at how others here think about mileage levels. Obviously lower is better, but how important is it to find a car with, say, 10K miles vs. 20K?
Given the engine warranty, I’m wondering if lower miles is mainly a future resale or intrinsic value question, or if it’s really progressive wear and tear or probability of significant failure. The former seems more likely, but I don’t have the group’s experience.
My best estimate is that I’ll put about 5-10K miles on the car annually, and maybe hold the car 2-4 years. It will be maintained obsessively as you might expect.
As I’m evaluating different cars, I’m curious at how others here think about mileage levels. Obviously lower is better, but how important is it to find a car with, say, 10K miles vs. 20K?
Given the engine warranty, I’m wondering if lower miles is mainly a future resale or intrinsic value question, or if it’s really progressive wear and tear or probability of significant failure. The former seems more likely, but I don’t have the group’s experience.
My best estimate is that I’ll put about 5-10K miles on the car annually, and maybe hold the car 2-4 years. It will be maintained obsessively as you might expect.
#2
RL Community Team
Rennlist Member
Rennlist Member
Are there still 991.1 GT3 that are eligible for CPO? Not sure, just asking.
I'm pretty sure all 991.1 GT3 have the extended 100k/10yr extended warranty for the engine.
But as far as mileage, I think it really comes down to how you plan on using the car. If you're going to just beat on it as a track toy, it would be irrelevant to me. If you want a garage queen or even a semi garage queen, then I'd probably care more about mileage and skew towards lower mileage examples than higher ones, ceteris paribus.
I'm pretty sure all 991.1 GT3 have the extended 100k/10yr extended warranty for the engine.
But as far as mileage, I think it really comes down to how you plan on using the car. If you're going to just beat on it as a track toy, it would be irrelevant to me. If you want a garage queen or even a semi garage queen, then I'd probably care more about mileage and skew towards lower mileage examples than higher ones, ceteris paribus.
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Therosser77 (07-14-2019)
#3
Burning Brakes
Just my two cents (which is near worthless), the .1 is the only GT3 that you’re not rewarded for keeping the miles low. If anything else, a 15-20k example may likely have a better head start on reaching the promise land (the coveted g-series).
In your shoes I think the only thing I would be concerned about is the intention to move it in 2-4 years when that warranty is getting closer to the end. Tough to say how the market will react when the time comes. I think they have an incredible value prop as a drivers car, but you’re taking on some risk with the lower cost today.
If I were going to buy a GT3 I planned to move on from in 2-4 years then I’d probably just get a .2 if you have risk concerns, and I say it as a .1 owner
Regarding the failure question, I don’t believe we have good data to make any correlations. Anecdotally, to me it seems that the folks that track theirs increase the odds (or at least they’re the most vocal, haha).
In your shoes I think the only thing I would be concerned about is the intention to move it in 2-4 years when that warranty is getting closer to the end. Tough to say how the market will react when the time comes. I think they have an incredible value prop as a drivers car, but you’re taking on some risk with the lower cost today.
If I were going to buy a GT3 I planned to move on from in 2-4 years then I’d probably just get a .2 if you have risk concerns, and I say it as a .1 owner
Regarding the failure question, I don’t believe we have good data to make any correlations. Anecdotally, to me it seems that the folks that track theirs increase the odds (or at least they’re the most vocal, haha).
#4
I'm seeing a few, usually w/ 2020 or 2021 expiry. My thinking was I could extend the warranty if it's certified. From other readings, it seemed like it might be on the order of $1K/yr to extend out to 10 yrs of production date--not sure of value or accuracy on my part.
#5
All 991.1 GT3's should have the engine warranty. I would find one with sub 30k miles, drive it hard and hope the engine goes and you need a new one. Then I would probably be selling before the warranty is up. On that car, the only reason I would want CPO is to cover the PDK, and I have not heard of many of those going.
#6
Drifting
Have put 6k miles on my 2016 RS this year...car now has 18k total miles.
Zero issues...car is incredible. Just replaced tires that was about 2k and did an oil service.
Lastly...I drive this car hard each and every day. Its simply spectacular.
Zero issues...car is incredible. Just replaced tires that was about 2k and did an oil service.
Lastly...I drive this car hard each and every day. Its simply spectacular.
#7
Race Car
If I was buying a .1 GT3 I wouldn't care if it had 10K or 20K miles on it.
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#8
Rennlist Member
If you're that guy that parks way out on the end of the parking lot not to get dinged, then...
You'll probably reach the Promised Land like itrSteve said. A nice G motor with a bow. Or engine if you're German. Ha ha.
If you're like me who just doesn't give damn like me you'll park in the first spot in the mall or outside a high school it most likely wont happen.
I know Rob is paying attention to engine threads so I post from time to time.
Yes, that's 49,000 miles.
I ride her like I'm out back at Tombstone looking for cowboys with a red sash on.
I'll be that guy with 99,000 miles on it and still be on my F engine. No doubt.
I guess that makes me Moses. I'll stand on the mountain vista and look into the Promised Land but God won't let me in.
For the record the only nick on my cars service history is a new PDK at 29,000. It was a mixer. Replaced under warranty. No questions asked. The nice dealers don't count your launch control history.
You'll probably reach the Promised Land like itrSteve said. A nice G motor with a bow. Or engine if you're German. Ha ha.
If you're like me who just doesn't give damn like me you'll park in the first spot in the mall or outside a high school it most likely wont happen.
I know Rob is paying attention to engine threads so I post from time to time.
Yes, that's 49,000 miles.
I ride her like I'm out back at Tombstone looking for cowboys with a red sash on.
I'll be that guy with 99,000 miles on it and still be on my F engine. No doubt.
I guess that makes me Moses. I'll stand on the mountain vista and look into the Promised Land but God won't let me in.
For the record the only nick on my cars service history is a new PDK at 29,000. It was a mixer. Replaced under warranty. No questions asked. The nice dealers don't count your launch control history.
The following 5 users liked this post by MarcusG:
itrsteve (07-15-2019),
Jason Zhang (07-15-2019),
RDCR (07-15-2019),
robmypro (07-15-2019),
Therosser77 (07-16-2019)
#9
Everything else equal, and assuming the extra 10k miles were not hard and the car was treated well, I would probably pay about $8k more for a 10k mile car than a 20k mile car. In other words, not much. This is mostly due to the fact that I put about 5-6k miles per year on my fun car. So I wouldn't want to pay much extra for a lower mileage car.
#10
Race Director
It really depends on how the car was treated. When I was looking for a new SUV many years ago, I went to see two. One was clearly babied and well taken care of. I looked at the service records and saw that the one owner had taken it in for little things. The car was spotless, and honestly looked like new, even though it had 33,000 miles. The other car, which had lower miles, looked far worse. Scratches by the key, marks on the dash. It looked like it had been ridden hard and put away wet. So the miles don't tell the whole story. Mileage is a data point, but it needs to be considered with other data points, such as maintenance records, the shape of the car, the vibe you get from the owner, etc. When I bought my GT3 from a fellow RL I just knew after one phone call that the car was taken care of. Good people treat their stuff properly in my experience.
#13
Bought my 2015 3800k miles cpo til 2021 back in April. I've now got 12200k miles on her. Zero worries and honestly dont know I had put that many miles on it. But its so much rewarding of a car. Just buy it and dont look back.
#14
I just bought a 2015 CPO with 500km on the clock!..only 500km..
I extended the warranty by 2 more years for piece of mind till 2021, and am planning on easing into it the first 2-3k, but after that, once i improve my own driving style, i plan to DRIVE it.
I worked darn hard to finally get one, and although it is not the .2, nor brand new - i looked for several months and this one caught my eye. You bet your a@# i will polish the crap out of it, but it will be driven...even if value drops. I suppose it is about one's personal philosophy. I restored and modded to Outlaw levels my previous '77 911...(had a 3.5l carb engine) and i babied it, garaged it way too much. When life dealt me a heavy hand and i had to sell it...i realized i spent 3yrs restoring, and only drove 1k miles in it. I will not make the same mistake again...wont live with the regret.
So, if you're looking to put it in a museum - look for low mileage. If you're going to drive it, as long as it is CPO (and maybe extended warranty)...don't stress, drive it and love life.
My 2 cents..hope it helps.
I extended the warranty by 2 more years for piece of mind till 2021, and am planning on easing into it the first 2-3k, but after that, once i improve my own driving style, i plan to DRIVE it.
I worked darn hard to finally get one, and although it is not the .2, nor brand new - i looked for several months and this one caught my eye. You bet your a@# i will polish the crap out of it, but it will be driven...even if value drops. I suppose it is about one's personal philosophy. I restored and modded to Outlaw levels my previous '77 911...(had a 3.5l carb engine) and i babied it, garaged it way too much. When life dealt me a heavy hand and i had to sell it...i realized i spent 3yrs restoring, and only drove 1k miles in it. I will not make the same mistake again...wont live with the regret.
So, if you're looking to put it in a museum - look for low mileage. If you're going to drive it, as long as it is CPO (and maybe extended warranty)...don't stress, drive it and love life.
My 2 cents..hope it helps.
The following users liked this post:
G12R (07-17-2019)