Will 991.1 GT3 Prices Tank?
#32
I somehow believe all 997 and 911 Porsche GT cars will significantly go down in price soon. I think we'll see a 15-20% correction to what's considered "normal" now. 997 GT3, 997 GT3RS and 991 GT3 are not moving much at current price level. 991 GT3RS seems to follow the same pattern now. "Market adjustment" is getting lower and lower.
If I would care about resale value, I would try to sell my GT3 with discount to "normal" right now. Just I buy cars to drive them, so I always think once money is spent it's gone. Especially when you track your cars you're somehow getting used to a philosophy of zero value. The only way to justify this "investment" is to have as many fast laps as you possibly can.
Last edited by levd; 08-02-2016 at 04:37 PM.
#33
I agree with Levd, the market is softening but my main concern is the engine reliability issue. All we need is another IMS issue that will drive prices in the toilet.
#34
If you care about the price - sell it right now. Or don't buy it now, if you don't have one.
991.1 GT3 will only go down in price from current level. I assume 7-10K a year pace for next few years.
991.1 GT3 will only go down in price from current level. I assume 7-10K a year pace for next few years.
#37
The only issue with the 991.1 GT3 is potential long term reliability scares. I'm honestly kinda freaked out that engine and transmission being one out of warranty. Us non 1 percenters have bank accounts to worry about lol.
#38
If one lives in the real world and had acknowledged that Porsche has dumped a lot of 991 GT3s and RSs,then they will have no trouble realizing Porsche will make even more 991.2 GT3s and RSs. There is no question about that! There is no ifs or buts! There will be plenty allocations,manual transmission or not. You'd have to be leaving under a rock not to be able to get one! Just get your name on a list and wait,be patient. It is not too late to do that even now. Don't worry if your dealer tells you that you're no 30 on that list. They are in the business of friendly misleading you so they can take your money legally.
Regarding whether the 991 GT3 prices will tank,I don't think so. But there are many market experts on this forum. It seems that's all they're into these days...
Regarding whether the 991 GT3 prices will tank,I don't think so. But there are many market experts on this forum. It seems that's all they're into these days...
#39
Nordschleife Master
Prices tanking. I really don't care. I've never bought a car worrying about what it will be worth down the road. If I plan on selling it in 2, 5, 7 years from now, I'II worry about it then, but for now I'm enjoying it too much.
#40
We'll see how well 2016 engines go reliability wise. I think they may have improved things but I think car may need a major engine redesign (aka 991.2) to totally cure the issue.
Same thing happened with rod bearing issues and the last gen M3. Its tough to correct issues resulting from a design error mid cycle, especially when its the engine.
Call me crazy but I think there may be a correlation between the 120 GT3s in the used car market and the raise in "engine blew" threads here in the last 3-6 months.
What will cure this is if Porsche gives lifetime warranty for this specific type or failure (not sure how they could differentiate a regular engine failur from a failure due to lack of oiling). I dont see them doing this because its tough to come up with an exact definition and prevent abuse (of warranty coverage).
#41
991.2 will be hard to get, people will hold out for manuals (they will be bid up higher than PDK regardless of initial pricing), dealers will gouge, etc. I plan to sit out the next iteration, just no point in vaporizing $40k (or more, just my guess) to get a slightly tweaked car. If I were to spend that much money I'd just go McLaren.
#42
Race Director
I don't know what the price of anything will do in the future. What I do know is going through a tunnel at 9k is a riot.
#43
Burning Brakes
#45