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GT3 991.1 Potential Purchase - Am I crazy?

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Old 10-07-2022, 01:18 PM
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Diverged
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Default GT3 991.1 Potential Purchase - Am I crazy?

Good afternoon all,

Sold my M2 and I have been in the market for a GT car for a few months. I test drove a 2015 yesterday with 111,000k miles. Firstly, I know it is crazy to even consider a car like this but the private party price is low enough to justify posting on the forums. However, the car pulled really nice and the history on paper (2 owner, maintained exclusively at Porsche dealers) looked okay. I have a PPI set up on Monday because my curiosity is peaked. For reference, I had not considered a GT3..I have been waiting for a nicely spec'd 981 GT4 to normalize.

Interesting but short thread on the exact car: https://www.reddit.com/r/Porsche/com...1_gt3_and_its/

Is a GT car in this territory even worth the risk? Has there been any .1 that have exceeded the warranty maximums? Anyways I think there is a tiny bit of novelty having the car reach this level with basic maintenance but would love to get your thoughts! Appreciate you taking the time to read, thanks.

Chris
Old 10-07-2022, 02:33 PM
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MKIVdan
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Car aside, you do sound crazy.
Old 10-07-2022, 02:34 PM
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Do you have $50k laying around for a new engine in case it blows after 120k miles? A new PDK is like $22k and not covered by the engine warranty. I think it would need to be like $85k to justify this kind of mileage compared to a car with 30k miles at $125-130k or whatever.
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Old 10-07-2022, 02:37 PM
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Diverged
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Originally Posted by MKIVdan
Car aside, you do sound crazy.
I joined this forum after reading for a few months to ask a genuine question. Comment was unnecessary but appreciate the welcome
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Old 10-07-2022, 02:40 PM
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Diverged
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Originally Posted by dgoldenz
Do you have $50k laying around for a new engine in case it blows after 120k miles? A new PDK is like $22k and not covered by the engine warranty. I think it would need to be like $85k to justify this kind of mileage compared to a car with 30k miles at $125-130k or whatever.
Thanks for the note about the PDK. Good to know.. for reference, this car is in the ballpark of 80-90. As for the new engine, yeah risk/reward is kind of low (reward being G engine within 9k miles or two years)
Old 10-07-2022, 02:47 PM
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What is the price of the car? Has the engine been replaced to a later series? You still have the 10 year, 120K mile warranty if it hasn't.
Old 10-07-2022, 03:05 PM
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Far too many fish in the sea to go after a car of that profile, IMHO.
Old 10-07-2022, 03:22 PM
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exactly, there's so many cars out there. Unless this car is 50k why bother with all the risk. Even if you get the car for 50k and should u put in 50k to fix the pdk or engine, (so now u are 100k in), the car is still barely worth that with the miles
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Old 10-07-2022, 04:10 PM
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The idea of getting a GT3 isn't crazy. Deciding to purchase this particular car comes with more risk. Parking the engine discussion for a moment, you mentioned the service records only looked "okay". That alone might be a non starter for some. When you factor the miles on this car it should have extensive maintenance records. At minimum, one may expect it is up to date based on time and mileage. I would review the service manual and see what should have been done and compare that with what was actually completed. It was mentioned you might consider the cost of PDK, etc. It doesn't mean these parts aren't robust, but at this mileage some things might be nearing end of life, this include suspension components, etc. Back to the engine, there is some protection but you're right up against it with this mileage.

Another way if might help some provide perspective is listing exactly what you want in your ideal Porsche - color, options, condition, etc.? For example, someone looking for a white GT3 w/full leather and PCCB may not consider a silver one similarly equipped. Alternatively, if your want to buy add listed - any GT3 desired in the 80-90k range - you may be limited to a salvage title, something that has been in a wreck, or in this case high mileage against its peers - at least in today's market.

It's your money and decision. I believe the 991.1 GT3 is an amazing vehicle. Good luck as you sort through the decision.
Old 10-07-2022, 04:12 PM
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ipse dixit
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What's the asking price?

What is "low enough" (as you say)?
Old 10-07-2022, 04:50 PM
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Don't let some comments get to you, hang out on the forum long enough and you'll be chopping it up with the rest of us... but like @wkf94025 said.... plenty of fish in the sea. The saying "nothing more expensive than a cheap Ferrari" applies to 991.1 GT3's as well.
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Old 10-07-2022, 04:52 PM
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Beside the potential engine or pdk failure risk, with that many miles there are plenty of suspenion, bushings, etc that are just flat wore out. The car will likely feel sloppy in comparison to even a regular C2
Old 10-07-2022, 05:27 PM
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I've commented on this car in other threads here on Rennlist before because I test drove it in 2018. This is what I know and even though it's hearsay I have no reason not to believe what I was told is true. I was friends with Paul Saavedra, the long time shop mgr at Monterey Porsche before he left to take a job in New Zealand at a dealer there. He called me in 2018 when Monterey took this car in and suggested I come check it out because he had done all the work on it since new and thought it was a great deal based on what they were going to sell it for. I believe it had 109K miles on it at the time. He told me the original owner racked up the miles driving it between the Bay Area and Denver numerous times a month. Paul told me that the guy was a freak about the maintenance and had MP do everything as required including some things that didn't really need done like the wheel carriers/bearing replacement. Paul was about 99% sure the original owner had never tracked it. I had first crack at the car but ultimately decided to buy my GT3 (which they also had just taken in). Part of my decision was based on my assumption that with that many miles it was unlikely the finger follower issues were ever going to take that motor out and it would probably just die of old age. I knew that I would be tracking the car and even though I paid $30K more for my 2015 with 12K miles I really didn't want to hassle stuff potentially breaking at the track and having to spend that saved $ then. I don't know at this point if the motor ever got replaced but if you call Nick Newton, the service mgr at MP, he would probably tell you the latest. I doubt the 2nd owner beat this car up in 2k miles and I remember how nice the car looked and and "tight" it drove for 109K miles. FWIW.
Old 10-07-2022, 11:17 PM
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Originally Posted by RDCR
I've commented on this car in other threads here on Rennlist before because I test drove it in 2018. This is what I know and even though it's hearsay I have no reason not to believe what I was told is true. I was friends with Paul Saavedra, the long time shop mgr at Monterey Porsche before he left to take a job in New Zealand at a dealer there. He called me in 2018 when Monterey took this car in and suggested I come check it out because he had done all the work on it since new and thought it was a great deal based on what they were going to sell it for. I believe it had 109K miles on it at the time. He told me the original owner racked up the miles driving it between the Bay Area and Denver numerous times a month. Paul told me that the guy was a freak about the maintenance and had MP do everything as required including some things that didn't really need done like the wheel carriers/bearing replacement. Paul was about 99% sure the original owner had never tracked it. I had first crack at the car but ultimately decided to buy my GT3 (which they also had just taken in). Part of my decision was based on my assumption that with that many miles it was unlikely the finger follower issues were ever going to take that motor out and it would probably just die of old age. I knew that I would be tracking the car and even though I paid $30K more for my 2015 with 12K miles I really didn't want to hassle stuff potentially breaking at the track and having to spend that saved $ then. I don't know at this point if the motor ever got replaced but if you call Nick Newton, the service mgr at MP, he would probably tell you the latest. I doubt the 2nd owner beat this car up in 2k miles and I remember how nice the car looked and and "tight" it drove for 109K miles. FWIW.
If it’s in good shape and was taken care of then I’d say $80-85k would be a nice deal for a car you can beat on for another 9k miles. There will always be someone out there that wants an $80k GT3. I’d bet even at auction on BAT or pcarmarket it would hold value in that range pretty well.
Old 10-08-2022, 01:40 AM
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Originally Posted by MKIVdan
Car aside, you do sound crazy.
Agreed. Too many great examples out there to consider one like this. Even for a low purchase price, it would just be a money pit and a hassle to keep fixing things. Maybe a good dedicated track car after going through everything.

I bought my 2015 with 24k miles and thought about that mileage for a while when lower mileage examples were out there. Pulled the trigger because it was a one owner car with almost everything I wanted, and always maintained by the dealer that originally sold.


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