Will 991.1 GT3 Prices Tank?
01-23-2017 | 05:19 PM
#331
Race Director
Joined: May 2015
Posts: 13,162
Likes: 3,883
Hope so. My SA is giving me positive vibes, but won't commit to anything yet and they're a dealership that was asking for premiums on their RS's, so I'm being a nervous Nellie. In no rush though, so hoping it eventually falls my way.
01-23-2017 | 05:56 PM
#332
Rennlist Member
Joined: May 2012
Posts: 13,414
Likes: 4,596
From: Mid-Atlantic (on land, not in the middle of the ocean)
I suspect that everyone who wants one will get one. This isn't a numbered limited edition car.
01-23-2017 | 06:34 PM
#334
Rennlist Member
Joined: Oct 2010
Posts: 13
Likes: 0
I disagree... I was negotiating a couple of deals on some while watching the prices online. Most of the GT3 for sale went down several 1000's in the same work week. The one I was working on went down $6000.00 in 10 days and it sold at $7000.00 less than it was listed for.
There is a CPO 2016 with 6K miles right now with PCCB's for 149K... to give you an example and that's their asking price.
Prices will continue to fluctuate for a little while until supply and demand balance out.
There is a CPO 2016 with 6K miles right now with PCCB's for 149K... to give you an example and that's their asking price.
Prices will continue to fluctuate for a little while until supply and demand balance out.
01-23-2017 | 06:42 PM
#335
Nordschleife Master
Joined: Jul 2011
Posts: 5,435
Likes: 818
From: Central New Jersey
I knew it was only a matter of time before you responded with something like this. At least you are predictable 
Remind us again how much you paid over MSRP? How much is your RS worth? How few quantities was the RS made?
Didn't Ferdinand make a special RS just for you?
Just make sure you sell your RS before it drops in value. Don't worry, we won't make you repeat Econ 101 just because you paid more than MSRP for a depreciating asset.
Remind us again how much you paid over MSRP? How much is your RS worth? How few quantities was the RS made?
Didn't Ferdinand make a special RS just for you?
Just make sure you sell your RS before it drops in value. Don't worry, we won't make you repeat Econ 101 just because you paid more than MSRP for a depreciating asset.
Just eating away at you that you can't get one eh?
Yeah, I'm on pins and needles about resale.
...and if I was at least I have one to be on pins and needles about. 
What Porsches do you own again??? In fact what Porsches have you ever owned? Please enlighten us.
01-23-2017 | 06:44 PM
#336
Nordschleife Master
Joined: Jul 2011
Posts: 5,435
Likes: 818
From: Central New Jersey
I think PAG has a pretty good handle on what the market will be for the new 991.2 GT3. They will make enough for everyone less 1.
01-23-2017 | 07:29 PM
#337
Rennlist Member
Joined: Jun 2015
Posts: 1,948
Likes: 134
From: SLC, Utah
I knew it was only a matter of time before you responded with something like this. At least you are predictable
Remind us again how much you paid over MSRP? How much is your RS worth? How few quantities was the RS made?
Didn't Ferdinand make a special RS just for you?
Just make sure you sell your RS before it drops in value. Don't worry, we won't make you repeat Econ 101 just because you paid more than MSRP for a depreciating asset.
Remind us again how much you paid over MSRP? How much is your RS worth? How few quantities was the RS made?
Didn't Ferdinand make a special RS just for you?
Just make sure you sell your RS before it drops in value. Don't worry, we won't make you repeat Econ 101 just because you paid more than MSRP for a depreciating asset.
I bought a TT new and will lose a fair amount of money to depreciation as well. For me it's about driving the thing, not reselling it! I separate car purchases from investments. To me a car is a consumable good.
If you want to hybridize investments and cars, go for it. But there's no need to jeer at others that don't share your values.
01-23-2017 | 07:51 PM
#341
Nordschleife Master
Joined: Jul 2011
Posts: 5,435
Likes: 818
From: Central New Jersey
Your point is a bit strange to me. It's a car, not an investment, so the ordinary rule is it will wear and depreciate as it ages and is used. Econ 101 proves his side, not yours, by saying his RS was fairly priced by the market. What does the line in the sand MSRP mean when supply is low? It just means there's two ways to acquire the asset - wait in line for the RS lottery or pay extra to a scalper and skip the line. He paid his money and skipped the line. What is there to deride? I'm sure Waxer values his time, understood the loss he would incur, accepted it, and bought the car. He's enjoying it now, good for him!
I bought a TT new and will lose a fair amount of money to depreciation as well. For me it's about driving the thing, not reselling it! I separate car purchases from investments. To me a car is a consumable good.
If you want to hybridize investments and cars, go for it. But there's no need to jeer at others that don't share your values.
I bought a TT new and will lose a fair amount of money to depreciation as well. For me it's about driving the thing, not reselling it! I separate car purchases from investments. To me a car is a consumable good.
If you want to hybridize investments and cars, go for it. But there's no need to jeer at others that don't share your values.
BTW paid $20K over list about year ago on a $210K msrp car. Great buy then. Decent buy even today. Value tomorrow. Don't know. But spent my money on RS as opposed to Mac eventhough loved both because RS historically holds value better. No guarantees though.
Cars not investments. You buy a car because you love it and it moves your soul. If its one that has great resale all the better.
Lucked out with FGT worth alot more now than what I paid. Alot.
Boss LS. Enjoy it. Have owned other Bosses. Great little car. Love Boss 302 history and lore. Will Boss be a "collectible". Yeah. I think so. Do I care.Yeah sort of but main reason of ownership is enjoyment of the car itself.
Bought two. One to show and shine. One to track. Hard to beat them as far as bang for the buck.
01-23-2017 | 08:04 PM
#342
Drifting
Joined: Feb 2014
Posts: 2,955
Likes: 211
From: Colorado Springs
Your point is a bit strange to me. It's a car, not an investment, so the ordinary rule is it will wear and depreciate as it ages and is used. Econ 101 proves his side, not yours, by saying his RS was fairly priced by the market. What does the line in the sand MSRP mean when supply is low? It just means there's two ways to acquire the asset - wait in line for the RS lottery or pay extra to a scalper and skip the line. He paid his money and skipped the line. What is there to deride? I'm sure Waxer values his time, understood the loss he would incur, accepted it, and bought the car. He's enjoying it now, good for him!
I bought a TT new and will lose a fair amount of money to depreciation as well. For me it's about driving the thing, not reselling it! I separate car purchases from investments. To me a car is a consumable good.
If you want to hybridize investments and cars, go for it. But there's no need to jeer at others that don't share your values.
I bought a TT new and will lose a fair amount of money to depreciation as well. For me it's about driving the thing, not reselling it! I separate car purchases from investments. To me a car is a consumable good.
If you want to hybridize investments and cars, go for it. But there's no need to jeer at others that don't share your values.
01-24-2017 | 12:29 AM
#345
Nordschleife Master
Joined: Jul 2011
Posts: 5,435
Likes: 818
From: Central New Jersey
The vast majority of people who own something of value prefer to see and would like to see what they own hold their value regardless of the main reason they purchased the car. Everyone has their own reasons for buying what they buy. No one here is lost on the concept that in most cases cars lose value. Some more than others. Some don't but they are very few and far between. This entire thread is devoted to the subject as to the 991.1 GT3 and if you notice I didn't start it nor am I the only one posting on it.
Porsche GT cars tend to hold their value. This is easily seen. Especially RS's. This is part of the Porsche GT car allure for many which is in addition to the fact they are epic cars performance wise, build wise and looks wise.
I think the new .2GT3 will not have that much of an effect on the values of .1GT3s due to the natural increase in MSRP and dealer adms which are likely to be charged. The car will be very desireable and dealers will take advantage just like they did with the 991.1RS.
One could also argue the 4.0L .2GT3 will have a negative impact in 997GT3's or the 991R due to the return of the mt and especially if there is a rear wing delete? I could make an argument going either way.
Time will tell.