GT3 values in say... 4 years
#1
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GT3 values in say... 4 years
Any of you care to guess what a 2004-2005 GT3 would be worth in about 4-5 years?
I think that might be the time I could afford one, depending on use value.
I think that might be the time I could afford one, depending on use value.
#2
Looks at 993 Turbo values now. The 993TT retailed for around $125k in 1996/97.... Now they go for about half that price.
So my guess (FWIW) is that in 2010, a 2004/5 GT3 will go for about $50k, give or take $5k.
I've been told you can factor in 17% depreciation from year to year.
So my guess (FWIW) is that in 2010, a 2004/5 GT3 will go for about $50k, give or take $5k.
I've been told you can factor in 17% depreciation from year to year.
#3
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I am not so sure about that. It seems to me that the demand for the GT3 will be stronger then the demand for the 993TT.
Porsche brought in about 900 GT3's and people are crunching them up, that combined with the weak Dollar to Euro, the GT3 may actually hold its value better. I say about 10% a year for the first 5 years and then leveling off for the remaining years. That of course taking into account that the car is question is a well cared for low mileage car.
An example of this and a car that in many ways I believe is similar to the GT3 is the first gen M3, the e30 M3. That car sold new for about $36k, went to a low of $12k and now nice ones are back near $30k, that all in about 12 years.
Porsche brought in about 900 GT3's and people are crunching them up, that combined with the weak Dollar to Euro, the GT3 may actually hold its value better. I say about 10% a year for the first 5 years and then leveling off for the remaining years. That of course taking into account that the car is question is a well cared for low mileage car.
An example of this and a car that in many ways I believe is similar to the GT3 is the first gen M3, the e30 M3. That car sold new for about $36k, went to a low of $12k and now nice ones are back near $30k, that all in about 12 years.
#4
$30k for a E30 M3 is a bit much. $15k seems to be the average.
http://www.autotrader.com/fyc/search...2705&x=67&y=10
http://www.autotrader.com/fyc/search...2705&x=67&y=10
#7
i think the future of the 996 GT3 depends greatly upon the 997 GT3. if porsche sticks to the same formula and doesn't do anything stupid with the 997 GT3 variation (like use the cheaper wet-sump engine design), the 996 GT3 will obviously become less desirable.
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#8
It's not a knock on the GT3 to say the value will hit 50% in five years. This seems to happen with all cars.
The 993TT is a useful analogy because of what it represents: the last of the air-cooled Porsches, the ultimate evolution of the original 911 platform...and supply is relatively limited. And yet even the mighty 993 suffers from massive depreciation.
With the GT3, you KNOW that most cars will have been flogged on a track. And PAG always has something new coming to market, both in terms of styling and improved performance.
With all of the above said, I agree that the GT3 will be a great car to "buy and hold." It's been favorably compared to the 1973 Carrera RS. Maybe after the initial depreciation hits, over a long period of time the values will rise.
The 993TT is a useful analogy because of what it represents: the last of the air-cooled Porsches, the ultimate evolution of the original 911 platform...and supply is relatively limited. And yet even the mighty 993 suffers from massive depreciation.
With the GT3, you KNOW that most cars will have been flogged on a track. And PAG always has something new coming to market, both in terms of styling and improved performance.
With all of the above said, I agree that the GT3 will be a great car to "buy and hold." It's been favorably compared to the 1973 Carrera RS. Maybe after the initial depreciation hits, over a long period of time the values will rise.
#9
Race Director
I think this is a real tough call. In 4-5 years, the divergent of mileage and conditions will likely lead to a huge price range. At that time, a high miles/flogged car may be 50% of a low miles pristine sample. You can pick one up at almost any price point, but then you'll probably get what you pay for.
The one used car that I have not found a huge price range is the Z8. They all seem to range between $95k and $110k. Not a huge percentage variation.
CP
The one used car that I have not found a huge price range is the Z8. They all seem to range between $95k and $110k. Not a huge percentage variation.
CP
#11
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Interesting thread, and I think everyone makes good points too. I'm expecting a 50% drop in value over 5 years, and I factored that in when I bought the car. Since you get the biggest wallop in the first year keeping the car till the end of warranty seems the best plan. (I bought a 6 year warranty)
I am tracking my car, but I don't view that as thrashing it, it is simply being used the way it's designers intended. I give it a full 30,000 mile service every 4K miles or so, much to the joy of my service dept, and the car is as pampered, maybe more so, as any machine you'd entrust your life to. A warrior's sword is always the sharpest, and thus I think the best prepped and sorted GT3's may well be the ones that see the track. Infact I'd ask what on earth are you doing with a GT3 if you aren't tracking it?
Since we know that the GT3 is here to stay as a model, much like the M3, I think that comparison to those values is a fair one. However cjarrett in 5 years I doubt you'll be wanting a five year old GT3, you'll be lusting after the 998 variant.
I am tracking my car, but I don't view that as thrashing it, it is simply being used the way it's designers intended. I give it a full 30,000 mile service every 4K miles or so, much to the joy of my service dept, and the car is as pampered, maybe more so, as any machine you'd entrust your life to. A warrior's sword is always the sharpest, and thus I think the best prepped and sorted GT3's may well be the ones that see the track. Infact I'd ask what on earth are you doing with a GT3 if you aren't tracking it?
Since we know that the GT3 is here to stay as a model, much like the M3, I think that comparison to those values is a fair one. However cjarrett in 5 years I doubt you'll be wanting a five year old GT3, you'll be lusting after the 998 variant.
#14
Rennlist Member
Why would anyone have a low mile, pristine 5 year old GT3. I got my car to use not be a garage queen. If I take a hit for high mileage so be it that is the price I am willing to pay for FUN. This car is ment to be driven!!!
Peter
1 month 2300 miles old
Peter
1 month 2300 miles old
#15
Rennlist Member
Originally Posted by macfly
A warrior's sword is always the sharpest, and thus I think the best prepped and sorted GT3's may well be the ones that see the track. .