Philip in AL

There are six for sale on ebay right now:
$87,000
$100,000
$100,100
$101,000
$110,000
$118,870

doody

there are quite a few GT3s available all over the place now. the pent up demand (pre-orders and orders) are basically served. many dealers are now buying their allocations for inventory. some percentage of those get sold while the cars are in-process, but some are hitting the showroom.

99.999999% of all cars depreciate and drop in value over time. the GT3 won't be any different .

doody.

Larry Herman

I plan on keeping mine for at least 10 to 15 years. Who cares about the resale...Dude, it's all about the car!

ZBlue996Kam

I agree with Larry.

MJSpeed

Doody,

You're right all cars depreciate, but very few cars offer this much fun, excitement and driving experience while doing that!!!

I too agree with Larry and I believe most of us are in the same boat. Just my $.10

stacy11

I love these threads. Did you buy a GT3 because you thought it would hold its value? Like a commodity? Or because you thought it would DEPRECIATE less then some other car?

The ONLY way ANY car holds value....is if you don't drive them! If you want to buy a car and NOT drive it, certainly there are far far better choices....

In the meantime....ENJOY!!!!!!!!!!!!!

sjsharks

With the exception of the first one, arent most of those the sellers opening bid, which have had almost no interest?

fahren affair

patience has it's virtures. i think these threads serve the cash buyer who's looking to save some $. i can wait till used gt3s are in the low 80s before jumping in. i'm not exactly suffering driving my 996 while waiting for a 'deal'.

NJ-GT

Used GT3s in low 80s. Good Luck and plenty of patience.

Looking backward, the used prices of the 996C4S were very high in the used market. There are more than 2000 of those in US, and they only started dropping prices when the 997 news came

2001 Turbos are selling for mid 80s to mid 90s. This is a 3 years older car with a similar price tag to the GT3 when new. With the short supply of GT3s compared with the 996 Turbo (4 years in the market), expect the GT3 prices to stay on the 90s for a while, and wait around 2-3 years to see them dropping to low 80s.

A new 997 GT3 could change that, but the new 997 and 997S won't affect the GT3 prices, because they belong to different markets.

Philip in AL

NJ-GT, I agree. That's what I've been trying to say all along. I doubt that you will see these cars fall to the low $80's for at least 3 years! You may see one or two abberations, but not the general market value.

doody

i think your 996TT numbers are a bit off. standard GT3s seem to be stickering in the low 100s. standard TTs were stickering in the mid teens to low 120s (fully optioned). so a drop to the 80s is a notably bigger (percentage-wise) move.

and when people do their depreciation math, the realistic way to do it is somewhere in the spread of wholesale and low trade-in. since most states have substantial tax savings on trades, that's what usually happens and the dealers know it. you can sell it yourself and get mid to high retail, but most folks flipping six figure cars don't have the patience for that.

i bought my TT in early 2001. depreciation 18 months later at the end of 2002, with 18K miles, at rock bottom wholesale (just for reference) was just over 25%.

80K would be a 25% delta on a 106K sticker car. totally rational.

the trick of course is knowing how the curve is gonna look over time. we're all hopeful it'll be prettier than the TT market was/is due to low numbers (in theory), but we'll see. i think "2-3 years" to get to the low 80s might be optimistic. the car's been out now for a year, the market is clearly softened as pent-up demand has been served.

what will happen first is that the delaers will dump what they've got on the lot. with such a large dealer margin on these cars, they can afford to sell a 105K sticker car for 95K and just get it off the balance sheet. i expect this to start happening in sep/oct before winter in the winter states, and then to close the calendar year out, the rest of the dealers will wheel and deal in dec.

and if porsche really does up production, that'll be a whack. not a huge one, but a whack. this is what killed the TT market when they upped it by 50% or 60%. the rumors are only 20%, but that's still a lot for a car whose pent up demand is served.

so if average sticker is 105 (let's say), i'd predict the cars holding around 100 until november and then dipping to the mid 90s in december and then they'll hold in the low 90s until the first 24 month leases come up mid 2005. porsche is auctioning off a ton of cars these days that are coming off lease. it's a wholesale blood bath apparently in the turbo and c2 markets.

just one man's opinion.

long term, the 996 will never be a beloved porsche. the 993TT is clearly going to have better legs than the 996TT. that's already obvious. the only hopes of the 996 line are the GT2 and GT3. the former may be the best long term hope, as imo, the latter will only appeal to the track crowd N years out, and that's a tough market to sell into at top dollar.

so that's my rant. worth well less than you paid for it

doody!

Larry Herman

I was thinking about waiting for an $80,000 used one too, but when I saw the way things were going, I wasn't about to wait 3 more years to get in on all the fun.

sjsharks

Doody

Do you have a feel for what a new 2003 TT might sell for?

MSRP is $130,000, current ask is $118,900. I was thinking somewhere in the neighborhood of $110,000 on what is soon to be a two year old car.

Thanks

doody

sorry, no clue whatsoever sjsharks. i haven't paid attention to that space at all since i got out 12/02.

doody.

NJ-GT

I expend half of 2003 looking for a GT3 in the used market. At the end, I placed an order on late November, because for $5k-$8k more I could have the car I wanted with the options I wanted and the warranty.

Supply and demand. Less than 1000 GT3 by the end of 2005, most of the owners extremely satisfied with the car, and magazines, and exthusiasts, Porsche not making more, and nothing available in the market with a similar price tag that can deliver this much (BTW the new NSX was cancelled).....

Depreciation? take a look at the Ferrari 360 market, while all the other Ferraris depreciate, that one is selling higher than brand new. GT2/GT3 are in a similar condition. Have you noticed used GT2 prices going Up?