dinkman

its crazy there are a couple winged gt3's around that same price and many tourings even above it!

Ecosse911

I went to see this car as soon as it was listed, it was the roughest RS I had seen by far. It looked pretty good in the pics but because it was just listed it was still in the “grooming” stage and I viewed offsite at their workshop. Some highlights or low lights, a good few dings on the body, it had cheap gold graphics that were peeling off, some of the exterior trim was broken and cracked, but the best by far was obvious paintwork. The shark fins on both sides had what appeared to be over spray, I asked the sales manager what he thought those red dots were on the factory shark fins and he replies “over spray” It’s a nice spec but this car clearly didn’t have a cherished life based on a whole list of cosmetic issues. If I remember correct it went through a couple of auctions which was not a surprise after seeing the car in person. Not that it’s an issue tracking an RS but it went through tires pretty quick (see Carfax) so definitely a track car. They wanted an insane amount for the condition when I viewed but I guess at the right price it would be a good track car.

I ended up buying another GR WP RS so I have no interest in this car, just trying to give back to the community and advise caution on this one.

wkf94025

Check the last 20 minutes on the shark blue auction. Pretty sure the bidders are real buyers. $89k over sticker, including BaT fee. Strong!

welikethetrack

Yeah, what a head scratcher this one is.

If this is not funny business, I would be surprised. They look like shell accounts, no real comments whatsoever.

No one pays 40k+ over market on a brand new car that has 150 for sale online right now on an auction unless 2 hammered people run into each other. People are not this stupid, it would be ignorant to think this is real tbh.

dinkman

oh come on man you got something fishy to say about every bat auction haha

3-Pedals

Market has turned. Lots of GT3s not moving. I think the 7% auto loan rates may have something to do with it.

ParadiseGT3

Ah, great feedback. one of those too good to be true deals. Wondered why a Cali dealer would be listed low. But yes, good potential buy with some additional negotiation that factors in restoration and/or life as a track mule. I'd be interested at the right price. 4k mls and CPO, maybe another 5-10k off, run that thing ragged.

For sure. At the same time, I'm not seeing a ton of new 991 listings. At this point there have been countless signals for shaky hands to act. Most would have done so many, many months ago, probably a year ago. If I were a seller I certainly would have. Not sure what type of "oh #!#!" moment would trigger another flood of inventory... Keep a curious eye on manual 991.2 and 991.2 RS since those are my jams, looks like a standoff. Inventories don't seem to be growing.

Good luck to enthusiasts, be ready to jump when the right one comes through.

achenator

I would hope that someone buying a GT3 Could do much better than 7%. My credit union is still doing 2.49 for 60 with automated payments.

wkf94025

That's outstanding. I got 3.7% last month from credit union, though only 60% LTV. Still, happy with the ability to hold on to $120,000 for other purposes.

Not sure I'd be a confident, aggressive buyer today if 7% was best I could do. But I'm a leverage junky, especially on the eve of rising interest rates and inflation. I loaded up on cheap capital and significant capital equipment during 2021 and 1H22. Very happy thus far with all triggers pulled.

3-Pedals

“Used” car loans are usually 0.50-0.75% above new car loans. Chase and BoFa are usually 1% above credit unions. Penfed is at 5.54%.

The thread here is a GT3 thread. 991 means used. You are not getting a new car loan rate on a 991 GT3.

Most people also dont have a community credit union. They go to alliant or penfed as outside customers. Those credit unions are better than banks but still the rates have gone up.

Lastly, most people fail to understand how these loans charge you interest on the principal every year. In 5 years thats a lot more interest. Difference between a 2.5% and 6.5% can be a ton ($20-$30k) of money.

GT3 Mike

The only problem with loading up on cheap leverage is when the cards are down you still can't get liquid. I am polar opposite, Im leverage adverse. I had a 2% loan on my house and paid it off 10 years early (15yr loan) a few years ago. The world can be on fire and I sleep soundly.

HpIzKing

Exactly this ^^^with both of our homes...a little sacrifice on fun stuff for a few years, but I sleep like a baby.

RapidGT

Christmas spec .2 RS with A LOT of track day mods. Unsurprisingly it’s a “1 of 1”. Only Guards Red car with a Lizard Green interior. The Lizard Green pinstriped wheels and center caps really set off the Christmas spirit. I love Christmas, but wouldn’t want that to be reflected in the spec of my Porsche.

https://www.racingjunk.com/porsche/1...che-911.html#8

wkf94025

OMG. That is so wrong to me. How much of that green could be flushed immediately? Steering wheel and seats a PROBLEM.

GT3 Mike

Money loaned at 0% is money still owed. I just can't stand to owe anyone anything. I know I miss out at times ( finance capitalism ) and its OK. Guys like us will be sitting pretty next year when so many are over leveraged on all sorts of assets and will have to liquidate. Cash will be king !