The 991 GT3/RS Cars For Sale Thread...
10-10-2022, 05:17 PM
#5716
10-10-2022, 05:52 PM
#5717
the best deal i've found so far is one at porsche south shore for $202k but its $30k over msrp at that price and a local one at fairfield which just dropped their price to $212k ($28k over msrp)
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ParadiseGT3 (10-10-2022)
10-10-2022, 06:02 PM
#5718
Blue manual 992 on BAT is 22k over msrp so far….
https://bringatrailer.com/listing/2022-porsche-gt3-13/
https://bringatrailer.com/listing/2022-porsche-gt3-13/
Last edited by Rod27; 10-10-2022 at 06:04 PM.
10-10-2022, 10:17 PM
#5720
Is there a lot of people who would dump a car at a loss (assuming all the doomsayers are correct) rather than just keep it and enjoy it? This theory of a drop in prices assumes there are a lot of people like that who would put cars on the market that simply are not there now. I guess I just don't feel that is the case but I have certainly been wrong before--and am admittedly naive in that I don't buy cars that I can't pay for with my own money and assume the average buyers for these are the same. Perhaps that is where my logic is faulty. I am old so abhor paying interest of any sort (even that which I lose by using money to buy depreciating assets like a car vs. leaving it in some interest bearing asset). I can certainly understand that cars presently for sale may continue to drop, especially in models where there are a number for sale already (991.2 GT cars for example) due to relatively high production. That is not a great prophecy. But most who can afford these cars and truly enjoy them are not going to have a problem with them being worth less (even far less) than they were when purchased unless they bought a car like this with someone else's money or they bought a car they weren't really enamored with. Even if there is a precipitous loss in value for GT/RS cars, what I perceive as the average person buying these is just not going to sweat $50-100K loss in value. Again, my notion of an "average" buyer may be waaaay off--so its just my own thoughts here. But its not like these are any kind of real investment. Its the price of enjoyment/admission and at times that just becomes more than normal. Buy what you like and can afford and forget about all else.
10-11-2022, 01:55 AM
#5722
Rennlist Member
Birch green 991.2 GT3 that went RNM on BaT for $177K + fees, now at Grand Prix for...wait for it...$215K
https://www.autotrader.com/cars-for-...ckType=listing
https://www.autotrader.com/cars-for-...ckType=listing
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10-11-2022, 08:58 AM
#5724
Is there a lot of people who would dump a car at a loss (assuming all the doomsayers are correct) rather than just keep it and enjoy it? This theory of a drop in prices assumes there are a lot of people like that who would put cars on the market that simply are not there now. I guess I just don't feel that is the case but I have certainly been wrong before--and am admittedly naive in that I don't buy cars that I can't pay for with my own money and assume the average buyers for these are the same. Perhaps that is where my logic is faulty. I am old so abhor paying interest of any sort (even that which I lose by using money to buy depreciating assets like a car vs. leaving it in some interest bearing asset). I can certainly understand that cars presently for sale may continue to drop, especially in models where there are a number for sale already (991.2 GT cars for example) due to relatively high production. That is not a great prophecy. But most who can afford these cars and truly enjoy them are not going to have a problem with them being worth less (even far less) than they were when purchased unless they bought a car like this with someone else's money or they bought a car they weren't really enamored with. Even if there is a precipitous loss in value for GT/RS cars, what I perceive as the average person buying these is just not going to sweat $50-100K loss in value. Again, my notion of an "average" buyer may be waaaay off--so its just my own thoughts here. But its not like these are any kind of real investment. Its the price of enjoyment/admission and at times that just becomes more than normal. Buy what you like and can afford and forget about all else.
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welikethetrack (10-11-2022)
10-11-2022, 10:03 AM
#5725
youre probably right about current enthusiast owners on this site would rather hold them than sell at a loss but a. i think that's a minority of gt car owners, there's a population of poser/cars and coffee only crowd that probably over extended to buy them during '21 and b. there's 325 991.2 and 992.1 gt cars for sale on autotrader currently, mostly at dealers and those need to be moved within reasonable time frame which is enough volume to bring overall market averages down imo
Anyway, another data point: 992 GT3 only gets bids to 224k on PCar Market
https://www.pcarmarket.com/auction/2...che-911-gt3-5/
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welikethetrack (10-11-2022)
10-11-2022, 10:24 AM
#5726
Yes and to be fair, many enthusiasts owners do the math so that they can afford the car at the very periphery of practicality which means set assumptions about residual value, financing costs, etc. The person who should've bought a C2S but justified stretching to a GT3 because 'it'll retain more than the difference in purchase value through minimal depreciation' AND paid over MSRP will probably not be happy holding onto a falling (or at least a downward sliding) knife.
Anyway, another data point: 992 GT3 only gets bids to 224k on PCar Market
https://www.pcarmarket.com/auction/2...che-911-gt3-5/
Anyway, another data point: 992 GT3 only gets bids to 224k on PCar Market
https://www.pcarmarket.com/auction/2...che-911-gt3-5/
msrp 186k…..2k miles is a bit
10-11-2022, 10:49 AM
#5727
10-11-2022, 11:05 AM
#5728
Yes and to be fair, many enthusiasts owners do the math so that they can afford the car at the very periphery of practicality which means set assumptions about residual value, financing costs, etc. The person who should've bought a C2S but justified stretching to a GT3 because 'it'll retain more than the difference in purchase value through minimal depreciation' AND paid over MSRP will probably not be happy holding onto a falling (or at least a downward sliding) knife.
Anyway, another data point: 992 GT3 only gets bids to 224k on PCar Market
https://www.pcarmarket.com/auction/2...che-911-gt3-5/
Anyway, another data point: 992 GT3 only gets bids to 224k on PCar Market
https://www.pcarmarket.com/auction/2...che-911-gt3-5/
pcarmarket represents real market values whereas BaT values are inflated due to shill bidders who basically have no intention of purchasing a vehicle they’re bidding on.
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Airbag997 (10-17-2022),
welikethetrack (10-11-2022)
10-11-2022, 11:57 AM
#5729
After being through that once as a seller and hearing some of the comments BaT made to me it is ridiculous to think those results are anything but fake data points. It seems BaT itself is more interested in preserving the results than actually completing sales.
10-11-2022, 12:05 PM
#5730
Can someone explain to me what happens to the shill BAT bids that end up winning? Do those cars just end up not selling as presumably, the shill is a related party to the seller? In that case, the car that is in question would then be relisted by the original seller (whether on BAT or not)?