Drifting

I recently put down a deposit on a new 991 GT3 for next year as a DD and track car 5-6 times a year. I'm looking forward to the car, but anticipate owning it for 2-3 years. My build cost will be $145,000

Would like to inquire the wisdom of the group regarding how much $ it will likely cost to own the car for 2 or 3 years before selling it?

I'm new to buying cars in this price range and so my understanding of initial depreciation, etc, doesn't apply to a special, (but not GT3 RS 4.0 rare) car.

Thanks

Hoopumpers

10-15% per year?

All speculation until we know how the car is received, supply/demand, etc. If allocations are really as limited as they currently appear, perhaps year 1 will be quite light depreciation.

mooty

^close, my wild guess is 145 becomes 100 or so in 3 years.
of course lots variable, mileage, mishaps, etc etc.

ChrisF

Using my .2 as an indicator, at 2 years and 2k miles, my car was down 30k off MSRP so I would agree with the Oracle of GT3's (Mooty)

I wouldn't expect the 991 to be any better.

fbfisher

He said it would be his DD and a track car. That suggests more than the 2,000 miles that you are putting on. The value of these cars seems to drop even faster when people actually drive them, faster still if they also see track time.

I predict a massive depreciation hit if he actually uses it as a DD and plays on the track.

frayed

What's massive?

In my experience porsches are about as mileage dependent as other high end cars. But nothing like Ferrari.

fbfisher

$145K new. After 3 years of daily driving and 15 - 20 track days, how much will a GT3 with 30,000-40,000 miles be worth to the typical RL buyer? It will have two strikes against it, "high miles" and track use. My guess is no more than $75-$85K. It's hard to imagine a Rennlister paying $100K for such a car.

But what do I know?

doubleurx

Awesome, find me a 2010 GT3 for $75K!

fbfisher

Not many DD GT3's on the market. What's your guess as to the residual value of the scenario the OP described?

frayed

bingo

doubleurx

Always difficult to say depending on market. Given relative MSRP difference and the current offerings, I'd say 105k-115k depending on options and mileage, but nothing close to the 75k-85k, unless the market tanks for whatever reason.

hs63gt3

would "no manual in 991 gt3" not effect on its retail value in future?

because i think it would.

doubleurx

Time will tell. Based on other manufacturers history, I'd guess no.

MaxLTV

+1 If I could find one, I'd get one.

ChrisF

I disagree. I purchased my car 2 yrs old with 2K miles for $30K less than the orig owner. I've since put 16k miles and many track days in my 2 years of ownership. My guess is it's barely down since then. It's not worth $75k now. Closer to $95k but being the last of the manuals helps