Notices
991 GT3, GT3RS, GT2RS and 911R 2012-2019
Sponsored by:
Sponsored by:

991.2 GT3 Depreciation Projection

Thread Tools
 
Search this Thread
 
Old 12-23-2017, 01:41 PM
  #1  
cascade1
Rennlist Member
Thread Starter
 
cascade1's Avatar
 
Join Date: Feb 2014
Posts: 123
Received 2 Likes on 2 Posts
Default 991.2 GT3 Depreciation Projection

I am contemplating a high MSRP GT3, near the $200k mark MSRP. I was wondering what you guys think the resale value in 3 years will be with 10k-12k miles granted its manual. Yes, it depends on a lot, but in general, would we assume a 20% depreciation regardless of options or less? This is based on the 14/15's current pricing.
Old 12-23-2017, 02:39 PM
  #2  
Mech33
Nordschleife Master
 
Mech33's Avatar
 
Join Date: Oct 2014
Posts: 5,365
Received 623 Likes on 381 Posts
Default

Checking crystal ball... I’d guess more like 30-35% for that high of a starting MSRP.
Old 12-23-2017, 02:56 PM
  #3  
cascade1
Rennlist Member
Thread Starter
 
cascade1's Avatar
 
Join Date: Feb 2014
Posts: 123
Received 2 Likes on 2 Posts
Default

14 GT3's are going for $130 which is 20% less than they started when new. 30% sounds aggressive.
Old 12-23-2017, 02:58 PM
  #4  
evilfij
SJW, a Carin' kinda guy
Rennlist Member
 
evilfij's Avatar
 
Join Date: Apr 2008
Location: On the internet
Posts: 6,786
Received 621 Likes on 433 Posts
Default

$85k.

Market will crash in the next three years. If you can’t walk away from $100k, don’t buy one.
Old 12-23-2017, 03:02 PM
  #5  
cascade1
Rennlist Member
Thread Starter
 
cascade1's Avatar
 
Join Date: Feb 2014
Posts: 123
Received 2 Likes on 2 Posts
Default

A correction is bound. But that would be for all luxury goods at that point. Assuming market conditions stay the same without the macro economic standpoint. I have a 14 TT so the same would happen to it as well, it would be worth far less.
Old 12-23-2017, 03:15 PM
  #6  
0to60
Three Wheelin'
 
0to60's Avatar
 
Join Date: Apr 2015
Posts: 1,975
Likes: 0
Received 12 Likes on 9 Posts
Default

You want the car, buy it and drive it. Who cares about 20% depreciation or 30% depreciation. Your old and dead before you know it, enjoy and stop trying to figure out what any car will be worth
Old 12-23-2017, 03:36 PM
  #7  
ExMB
Rennlist Member
 
ExMB's Avatar
 
Join Date: Oct 2008
Posts: 8,474
Received 1,352 Likes on 823 Posts
Default

Geez. Another value thread. Aren't their enough on here already?

Cliff notes:
Options will never bring the same % as base cars. More options = lower %.
Old 12-23-2017, 04:10 PM
  #8  
cascade1
Rennlist Member
Thread Starter
 
cascade1's Avatar
 
Join Date: Feb 2014
Posts: 123
Received 2 Likes on 2 Posts
Default

Originally Posted by evilfij
$85k.

Market will crash in the next three years. If you can’t walk away from $100k, don’t buy one.
Originally Posted by ExMB
Geez. Another value thread. Aren't their enough on here already?

Cliff notes:
Options will never bring the same % as base cars. More options = lower %.
You mean a higher % of depreciation with more options since they are not as valuable as the car gets older. Correct?
Old 12-23-2017, 04:20 PM
  #9  
pitt911
Rennlist Member
 
pitt911's Avatar
 
Join Date: Jun 2014
Location: some where nice
Posts: 2,700
Received 1,009 Likes on 575 Posts
Default

20 % is way too optimistic
the spread between whole sale and retail is at least 10 % by itself and that will happen immediately after purchase
you are looking at list price on 14 gt3 not actual selling price and not whole sale price
and yes more optioned cars depreciate more than base cars
I have owned both .1 gt3 and .1 gt3rs . for 200 k you probably will do better picking a .1 gt3rs imho
Old 12-23-2017, 04:25 PM
  #10  
carcommander
Rennlist Member
 
carcommander's Avatar
 
Join Date: Dec 2003
Posts: 3,273
Received 282 Likes on 157 Posts
Default

Mine will be 155k. Yours won't be worth much more. You will take an instant 30k or so hit.
Old 12-23-2017, 04:39 PM
  #11  
Akunob
Rennlist Member
 
Akunob's Avatar
 
Join Date: Jul 2017
Posts: 4,032
Received 897 Likes on 569 Posts
Default

Is this threads serious, the OP hasn't even purchased the car yet and is worrying about its depreciation...in 2-3 years no less!! There should be a rule that depreciation threads can only be started by someone who actually owns car in question and has owned it for at least 1 year...geez!! To the OP, the depreciation/value of the car in 2-3 years will be whatever the market for the car is at that time, based on the multitude of demand/supply and myriad of market factors that affect the value of GT Porsches.
Old 12-23-2017, 04:46 PM
  #12  
Nacelle
Rennlist Member
 
Nacelle's Avatar
 
Join Date: Mar 2003
Location: Cascadian corridor
Posts: 1,381
Received 164 Likes on 79 Posts
Default

Originally Posted by ExMB
Geez. Another value thread. Aren't their enough on here already?

Cliff notes:
Options will never bring the same % as base cars. More options = lower %.
Totally agree on both points
1- YES
2- The bigger they are the harder they fall, simple but true.
Old 12-23-2017, 04:52 PM
  #13  
cascade1
Rennlist Member
Thread Starter
 
cascade1's Avatar
 
Join Date: Feb 2014
Posts: 123
Received 2 Likes on 2 Posts
Default

Originally Posted by Akunob
Is this threads serious, the OP hasn't even purchased the car yet and is worrying about its depreciation...in 2-3 years no less!! There should be a rule that depreciation threads can only be started by someone who actually owns car in question and has owned it for at least 1 year...geez!! To the OP, the depreciation/value of the car in 2-3 years will be whatever the market for the car is at that time, based on the multitude of demand/supply and myriad of market factors that affect the value of GT Porsches.
Isnt that the purpose of a board. To have other like minded people share opinions and at time answer questions? Im presenting a very practical question that I am sure many will ask and many will search on google and find this thread indexed. Thank you for contributing.
Old 12-23-2017, 04:54 PM
  #14  
STG
Race Director
 
STG's Avatar
 
Join Date: Nov 2014
Location: FL
Posts: 13,800
Likes: 0
Received 200 Likes on 142 Posts
Default

Reality is many buyers in the market for GT cars are banking on limited depreciation risk. They would need a diaper if the car lost $50K in a year like all the competitors do.
Old 12-23-2017, 04:54 PM
  #15  
fxz
Race Car
 
fxz's Avatar
 
Join Date: Jan 2013
Location: The way to hell is paved by good intentions “Wenn ich Purist höre...entsichere ich meinen Browning” "Myths are fuel for marketing (and nowadays for flippers too,,,)" time to time is not sufficient to be a saint, you must be also an Hero
Posts: 4,484
Received 436 Likes on 262 Posts
Default

Moderator stop this sh***t


Quick Reply: 991.2 GT3 Depreciation Projection



All times are GMT -3. The time now is 01:31 AM.