How well will the 991.1 GT3 RS hold its value?
03-02-2018, 02:42 PM
#17
Rennlist Member
I'm in Canada and most are listed between $255,000-280,000 CAD. I don't have any qualms being in the mid-$200,000 range, but I also don't want to wake up a year from now and have a car sitting in the garage worth $70,000 less.
Given you're buying in Canada, I'll tackle this from a different angle (most of other value angles have been beat to death), because for Canadians you really need to think about FX. The US prices for these cars are not nearly as ridiculous as they are here in Canada because of the FX and Duty issues. Your question requires you to not only guess on the overall demand for .1RSs but also how you think the FX rate will change over the year. Almost all used GT cars in Canada are currently priced based on US pricing * FX rate * 6.1% duty. Part of the reason used GT cars seem so expensive in Canada is that when they sold new Porsche did not build in the full impact of FX.
For example a base new GT3RS in the US is US$187,500 and in Canada its C$213,400. So doing some math...US$187,500 *1.2958 (TD rate) = 242,962 * 6.1% duty = C$257,782 before taxes etc. less 2k for shipping and some minor modifications that might be need (very few). That's almost $40k cheaper in Canada for a new one. This IMHO is why used GT cars jump in price so much in Canada the day they leave the dealer.
Given you're buying in Canada, I'll tackle this from a different angle (most of other value angles have been beat to death), because for Canadians you really need to think about FX. The US prices for these cars are not nearly as ridiculous as they are here in Canada because of the FX and Duty issues. Your question requires you to not only guess on the overall demand for .1RSs but also how you think the FX rate will change over the year. Almost all used GT cars in Canada are currently priced based on US pricing * FX rate * 6.1% duty. Part of the reason used GT cars seem so expensive in Canada is that when they sold new Porsche did not build in the full impact of FX.
For example a base new GT3RS in the US is US$187,500 and in Canada its C$213,400. So doing some math...US$187,500 *1.2958 (TD rate) = 242,962 * 6.1% duty = C$257,782 before taxes etc. less 2k for shipping and some minor modifications that might be need (very few). That's almost $40k cheaper in Canada for a new one. This IMHO is why used GT cars jump in price so much in Canada the day they leave the dealer.
03-02-2018, 02:57 PM
#18
Rennlist Member
Originally Posted by nuvolari612
Selling my GT3RS - originally a Canada car Voo Doo 1600 miles 18w steels. Paid 245 offered 260 now asking 225 and have a few people interested but for some stupid reason like a few of these posts 
people look down on a Canada car - again no idea why. Dealer offered 215 but suggested waiting to sell or consign as dealer feels market is soft but will go up. Hopefully getting a .23RS and may keep my current too. If the .23RS is hard to get the .1 goes up if not it goes down. Long term these are special NA cars both which will be rare. RL sees these cars and threads but in the real world an RS is a special car. Spending money is only fun if you can enjoy what you spent it on - buying to sell or even the thought is IMO brain damage regardless we all do it.
people look down on a Canada car - again no idea why. Dealer offered 215 but suggested waiting to sell or consign as dealer feels market is soft but will go up. Hopefully getting a .23RS and may keep my current too. If the .23RS is hard to get the .1 goes up if not it goes down. Long term these are special NA cars both which will be rare. RL sees these cars and threads but in the real world an RS is a special car. Spending money is only fun if you can enjoy what you spent it on - buying to sell or even the thought is IMO brain damage regardless we all do it.OP, who knows? Near-term, I don't see support, regardless of what ADM's are on .2rs. And I don't see .2rs being as crazy as the 150ish ADM numbers we saw at 991.1rs launch. There's just so much more 991 gt supply and similar demand; equation doesn't make sense for rising prices in near term.
Long term depends a lot on 992 gen imo. Regardless, a 991rs will hold value better than most cars, from its current levels. But I'm a big doubter we see higher prices in near-term.
03-02-2018, 04:35 PM
#20
Rennlist Member
Originally Posted by Buddhamonk
I'm confident an .1 RS will be worth the same as today +/- $50-100K. You can look back to this thread in the years to come and see that I was right
03-02-2018, 10:28 PM
#21
it will drop some, but not as much as most think, because Porsche is making far less .2 GT3 than anticipated, the price is delta is huge between a moderately used .1 and the currently new price of a .2 with 25K ADM. Also. 2 RS should be even harder to get than .1 RS, with even larger ADM for .2 RS than for .2 GT3.
All that will help stabilize .1 GT3 values.
03-02-2018, 10:57 PM
#22
Drifting
For many these are a hobby a 3rd 4th 5th 20th car - average Chiron buyer has 40 cars don't kid yourself it's about the money at every level.
Never see someone buy a car who does not value money. Bentley preview today no one begging for allocations like GT Porsches.
The RS is a special car my guess 600 - 1000 .2RS
03-03-2018, 01:34 AM
#23
GT3 player par excellence
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Please point me to a driving thread - it's winter where have not seen one enthusiast driving thread in a long time.
For many these are a hobby a 3rd 4th 5th 20th car - average Chiron buyer has 40 cars don't kid yourself it's about the money at every level.
Never see someone buy a car who does not value money. Bentley preview today no one begging for allocations like GT Porsches.
The RS is a special car my guess 600 - 1000 .2RS
For many these are a hobby a 3rd 4th 5th 20th car - average Chiron buyer has 40 cars don't kid yourself it's about the money at every level.
Never see someone buy a car who does not value money. Bentley preview today no one begging for allocations like GT Porsches.
The RS is a special car my guess 600 - 1000 .2RS
anything but value. you may get a chuckle out of it.
03-03-2018, 03:01 PM
#24
Rennlist Member
**** me, take a pill bud. There's thousands of members here, it was just a roundabout question. Obviously no one can predict the future, clearly. But perhaps some members can already see the market softening on these cars, or perhaps they're selling for much less than what they're being listed for, or perhaps some members here actively trade/sell/broker these cars and can lend some of their thoughts, etc. Completely baffling how rude/ignorant some of you are getting over a question about the direction of what a car might be worth a year from now... take some Xanax, go get a massage, who knows... just lose the attitude.
03-03-2018, 03:20 PM
#27
GT3 player par excellence
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^ well. you tell the newbs...
03-03-2018, 11:25 PM
#29
Please point me to a driving thread - it's winter where have not seen one enthusiast driving thread in a long time.
For many these are a hobby a 3rd 4th 5th 20th car - average Chiron buyer has 40 cars don't kid yourself it's about the money at every level.
Never see someone buy a car who does not value money. Bentley preview today no one begging for allocations like GT Porsches.
The RS is a special car my guess 600 - 1000 .2RS
For many these are a hobby a 3rd 4th 5th 20th car - average Chiron buyer has 40 cars don't kid yourself it's about the money at every level.
Never see someone buy a car who does not value money. Bentley preview today no one begging for allocations like GT Porsches.
The RS is a special car my guess 600 - 1000 .2RS
03-04-2018, 12:41 AM
#30
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The obvious point to make here about the RS is that: 1) It's a Porsche GT car, 2) well sorted and absolute beast to drive on track 3) RS moniker over just a GT car.
The cars will always hold a great deal of value over time. EVERY Porsche GT car holds value over time. They tend to follow a cycle of hitting a bottom and then stabilizing.
Therefore - If you can afford to buy a RS then you shouldn't concern yourself with how it will depreciate in the near term.
I've said this countless times to my friends when arguing the rationale to buy any Porsche GT car: - Cost of acquisition is high; the cost of ownership is low.
If you can afford it; buy it. They won't depreciate like a Mac. RS is a great car.
- Chris.
The cars will always hold a great deal of value over time. EVERY Porsche GT car holds value over time. They tend to follow a cycle of hitting a bottom and then stabilizing.
Therefore - If you can afford to buy a RS then you shouldn't concern yourself with how it will depreciate in the near term.
I've said this countless times to my friends when arguing the rationale to buy any Porsche GT car: - Cost of acquisition is high; the cost of ownership is low.
If you can afford it; buy it. They won't depreciate like a Mac. RS is a great car.
- Chris.