My pretty much worthless GT3
09-26-2019, 05:21 PM
#31
Rennlist Member
Originally Posted by Christian Plyler
Wanted an RS last year. Couldn't get an allocation. Bought an '18 GT3 to tide me over, one year ago this month. Put 8k miles on it during that year of ownership. Been looking for the right RS during that time.
Found a '19 RS that I liked last week. Paid MSRP.
First low-ball offer on the '18 was $135k. Final negotiated trade-in was $150k. MSRP on it a year earlier was $178k. So I took a $28K hit.
Was it worth it to me to pay $28k (plus fees, and the tax difference between my buying price and my trade-in price, and a year's worth of insurance)(all totaled, figure I spent about $35k) to own the GT3 for a year while I waited to get the RS that I wanted? Meh, not on paper anyway. I certainly wouldn't do it repetitively during my life. But this once? I'm not mad about it. I had a heck of a good time in the GT3 while I had it.
I didn't think I would lose that much, based on the pricing trends a year ago. But markets shift. It is what it is. Sure, it's a hunk of change I'll never get back. But I turned 50 years old this year, and who knows how many years I've got left? Better to enjoy life now than regret waiting!
Found a '19 RS that I liked last week. Paid MSRP.
First low-ball offer on the '18 was $135k. Final negotiated trade-in was $150k. MSRP on it a year earlier was $178k. So I took a $28K hit.
Was it worth it to me to pay $28k (plus fees, and the tax difference between my buying price and my trade-in price, and a year's worth of insurance)(all totaled, figure I spent about $35k) to own the GT3 for a year while I waited to get the RS that I wanted? Meh, not on paper anyway. I certainly wouldn't do it repetitively during my life. But this once? I'm not mad about it. I had a heck of a good time in the GT3 while I had it.
I didn't think I would lose that much, based on the pricing trends a year ago. But markets shift. It is what it is. Sure, it's a hunk of change I'll never get back. But I turned 50 years old this year, and who knows how many years I've got left? Better to enjoy life now than regret waiting!
This ^
Is pretty much all that needs to be said.
09-26-2019, 05:27 PM
#32
Rennlist Member
And amgmuch, we all can understand your pain!
The topic though was a bit like clickbait. I was fully prepared to see pictures of a GT3 wrecked within an inch of its life! Ha ha.
Definitely a NASCAR moment there. Lol.
Carry on.
The topic though was a bit like clickbait. I was fully prepared to see pictures of a GT3 wrecked within an inch of its life! Ha ha.
Definitely a NASCAR moment there. Lol.
Carry on.
09-26-2019, 05:46 PM
#33
Intermediate
Thread Starter
Haha sorry about that! At the end I am happy I got educated, brutally I might add.
09-26-2019, 06:04 PM
#34
Rennlist Member
As Doc said to Wyatt in Tombstone.
"There's no normal life Wyatt, there's just life."
Hate to hear about depreciation in any sense of the word. It's just an awful word altogether.
Just think about the Mercedes S Class guys or the BMW 7 Series guys that purchased new.
I'm surprised they don't jump off buildings more often.
9k miles!!! Pretty good young man!
But your going to have to do better than that!
"There's no normal life Wyatt, there's just life."
Hate to hear about depreciation in any sense of the word. It's just an awful word altogether.
Just think about the Mercedes S Class guys or the BMW 7 Series guys that purchased new.
I'm surprised they don't jump off buildings more often.
9k miles!!! Pretty good young man!
But your going to have to do better than that!
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09-26-2019, 06:07 PM
#37
Instructor
Educated here as well. Bought mine a few months ago close to MSRP of around $182k. Just traded it for $153k, with tax savings, I net $160k. Expensive lesson, but I did thoroughly enjoy my time with it, and got it out of my system.
09-26-2019, 06:22 PM
#38
Intermediate
Thread Starter
As Doc said to Wyatt in Tombstone.
"There's no normal life Wyatt, there's just life."
Hate to hear about depreciation in any sense of the word. It's just an awful word altogether.
Just think about the Mercedes S Class guys or the BMW 7 Series guys that purchased new.
I'm surprised they don't jump off buildings more often.
9k miles!!! Pretty good young man!
But your going to have to do better than that!
Attachment 1309245
"There's no normal life Wyatt, there's just life."
Hate to hear about depreciation in any sense of the word. It's just an awful word altogether.
Just think about the Mercedes S Class guys or the BMW 7 Series guys that purchased new.
I'm surprised they don't jump off buildings more often.
9k miles!!! Pretty good young man!
But your going to have to do better than that!
Attachment 1309245
I would rather jump off a cliff before I buy any of those gaudy super sized BMW & Merc sedans haha.
09-26-2019, 06:35 PM
#39
Rennlist Member
I traded my GT4 for a loaded 15 GT3 in December. Three weeks later I was offered a new 18 GT3 6 speed at MSRP, thank you Tyler Heinzelmann at Porsche Atlanta Perimeter. A $15k + tax hit and I never looked back. An extremely easy up front transaction. These cars are an investment in enjoyment not a financial return.
The following 3 users liked this post by Alan C.:
09-26-2019, 08:15 PM
#40
Nordschleife Master
You are GOALS my friend! I wish I had the patience to stick to one car but I can't get rid of this undying itch to experience as many cars as I can. One of more reasons why I go though cars more often than my laundry.
I would rather jump off a cliff before I buy any of those gaudy super sized BMW & Merc sedans haha.
I would rather jump off a cliff before I buy any of those gaudy super sized BMW & Merc sedans haha.
I gotta be honest w/you though - 9K miles in 5 months is REALLY well done!
09-26-2019, 08:29 PM
#41
Wanted an RS last year. Couldn't get an allocation. Bought an '18 GT3 to tide me over, one year ago this month. Put 8k miles on it during that year of ownership. Been looking for the right RS during that time.
Found a '19 RS that I liked last week. Paid MSRP.
First low-ball offer on the '18 was $135k. Final negotiated trade-in was $150k. MSRP on it a year earlier was $178k. So I took a $28K hit.
Was it worth it to me to pay $28k (plus fees, and the tax difference between my buying price and my trade-in price, and a year's worth of insurance)(all totaled, figure I spent about $35k) to own the GT3 for a year while I waited to get the RS that I wanted? Meh, not on paper anyway. I certainly wouldn't do it repetitively during my life. But this once? I'm not mad about it. I had a heck of a good time in the GT3 while I had it.
I didn't think I would lose that much, based on the pricing trends a year ago. But markets shift. It is what it is. Sure, it's a hunk of change I'll never get back. But I turned 50 years old this year, and who knows how many years I've got left? Better to enjoy life now than regret waiting!
Found a '19 RS that I liked last week. Paid MSRP.
First low-ball offer on the '18 was $135k. Final negotiated trade-in was $150k. MSRP on it a year earlier was $178k. So I took a $28K hit.
Was it worth it to me to pay $28k (plus fees, and the tax difference between my buying price and my trade-in price, and a year's worth of insurance)(all totaled, figure I spent about $35k) to own the GT3 for a year while I waited to get the RS that I wanted? Meh, not on paper anyway. I certainly wouldn't do it repetitively during my life. But this once? I'm not mad about it. I had a heck of a good time in the GT3 while I had it.
I didn't think I would lose that much, based on the pricing trends a year ago. But markets shift. It is what it is. Sure, it's a hunk of change I'll never get back. But I turned 50 years old this year, and who knows how many years I've got left? Better to enjoy life now than regret waiting!
09-26-2019, 09:31 PM
#42
despite popular wisdom, GT cars depreciate just like any other car- maybe slightly less.
09-26-2019, 09:49 PM
#43
Three Wheelin'
The bubble is pssssst deflating. The GT3R went sky high and I have to surmise some folk took it as proxy for what GT cars would behave. Porsche exploited the market and has made a large number of these cars. They are no longer 1) hard to get 2) considered exclusive. Hint these cars are to be enjoyed...damn the cost.
09-27-2019, 05:33 AM
#44
Race Director
Lets first see what the upcharge in MSRP will be for a 992 GT3. Based on the 718 GT4 it could be ~$35,000 which would certainly help .2 GT3 future values but who cares any way
09-27-2019, 04:27 PM
#45
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Join Date: Mar 2007
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If you live in a state where you get the tax benefit of trading it in - thats not a bad offer. But i think its a dealer trade in price. If you could sell it yourself (albeit thats a pain), i suspect you may get $145K or so. Now an RS at $10K over when you are trading in at whole sale. Thats like bending over.................... 
. They are fleecing you twice.
They'll CPO and sell for $150-$155K and get it for a 19. And thy are making an ADM plus regular profit on the MSRP RS. Great profit on in essence 1 transaction.
. They are fleecing you twice.They'll CPO and sell for $150-$155K and get it for a 19. And thy are making an ADM plus regular profit on the MSRP RS. Great profit on in essence 1 transaction.