2004/5 GT3 Values
11-07-2006, 11:11 AM
#16
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MB
I hope you are right and I am wrong. I have already seen tracked GT3s with 8-12K miles sell at 70K range. As these cars hit 20-30K miles, I expect their prices to hit the 60K range.
Either way, the car was fun and I enjoyed owning it. I will probably look at the 997 GT3 when it becomes more available (think late 08, early 09), but currently I am having a blast with my Elise
I hope you are right and I am wrong. I have already seen tracked GT3s with 8-12K miles sell at 70K range. As these cars hit 20-30K miles, I expect their prices to hit the 60K range.
Either way, the car was fun and I enjoyed owning it. I will probably look at the 997 GT3 when it becomes more available (think late 08, early 09), but currently I am having a blast with my Elise
Originally Posted by Michael B.
Bora, I am going to suggest another direction. I see you have sold your GT3 so you may be looking for values to dip, but I think that values may not dip as much as you noted (60K).
As we all know, the GT3 is not a 996TT (large production, popular car with the "in crowd"), and due to that limited nature I think the prices will hold steady - at the least hold in the seventies. Sure we may see an example or two that are reduced for quick sale (salvage title, repo, track damage), but the rest may very well stay firmly planted near the current asking prices we see often today.
Nevertheless, I have no plans to sell mine off, and I can think of about 1000 other GT3 guys that feel the same way. That alone should firm up resale prices.
As we all know, the GT3 is not a 996TT (large production, popular car with the "in crowd"), and due to that limited nature I think the prices will hold steady - at the least hold in the seventies. Sure we may see an example or two that are reduced for quick sale (salvage title, repo, track damage), but the rest may very well stay firmly planted near the current asking prices we see often today.
Nevertheless, I have no plans to sell mine off, and I can think of about 1000 other GT3 guys that feel the same way. That alone should firm up resale prices.
11-07-2006, 11:17 AM
#17
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the examples I have seen recently for sale are in my opinion are less desireable color configurations or out of state. My guess Cali and AZ cars will be more desireable due to weather (not necessarily road conditions!).
I wonder the same as I drive mine daily and average 1K per mo, so in two years time as the warranty is about up, I'll be approaching 30K on the clock.
Its just too difficult to say what things will be worth then, crystal ball or not.
Its a car, and that means depreciation, no matter, at least for the next 10 years. Just my opinion and experience.
Timing is tough to determine, its about whats important to you. If you continue to wait, you may miss a good car.
Get the 996 and let the new ones depreciate (my guess more rapidly in $ than a 996) a few years, then leap on a 997.
I wonder the same as I drive mine daily and average 1K per mo, so in two years time as the warranty is about up, I'll be approaching 30K on the clock.
Its just too difficult to say what things will be worth then, crystal ball or not.
Its a car, and that means depreciation, no matter, at least for the next 10 years. Just my opinion and experience.
Timing is tough to determine, its about whats important to you. If you continue to wait, you may miss a good car.
Get the 996 and let the new ones depreciate (my guess more rapidly in $ than a 996) a few years, then leap on a 997.
11-07-2006, 11:37 AM
#18
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I got my 05 black GT3 with 33000 miles for 63000. It had a bit of highway chip damage in the usual places and two small door dings otherwise it is a clean car. I drive it everyday so it doesn't get mad at me.
11-07-2006, 12:34 PM
#19
Nordschleife Master
As somebody who is ACTIVELY searching for the right GT3 for me I can tell you I have seen prices from the mid-60's through the high 80's depending on year and miles.....so I can say that prices are ALL OVER the place.
There is a nice example at a dealer in NY (Rosslyn) that has an 04 with 5K miles and they are asking 78K. Wonder what they would take for it? I wouldn't buy it though since it is a color I do not want.
My thought process right now is that I have plenty of patience to find the perfect example and the first one that fits my definition of that in the 65-70 range I will immediately pull out the checkbook. I would add up to 2K+ to my number if it was a CPO'd car at a dealer since I understand the costs assocaited with CPO'ing a car and have no problem paying that premium ($1500 for the CPO plus extras needed that would not normally be needed on a good example).
Hoping to report soon ( in the near future ) about my new (to me) GT3.
There is a nice example at a dealer in NY (Rosslyn) that has an 04 with 5K miles and they are asking 78K. Wonder what they would take for it? I wouldn't buy it though since it is a color I do not want.
My thought process right now is that I have plenty of patience to find the perfect example and the first one that fits my definition of that in the 65-70 range I will immediately pull out the checkbook. I would add up to 2K+ to my number if it was a CPO'd car at a dealer since I understand the costs assocaited with CPO'ing a car and have no problem paying that premium ($1500 for the CPO plus extras needed that would not normally be needed on a good example).
Hoping to report soon ( in the near future ) about my new (to me) GT3.
11-07-2006, 01:19 PM
#20
Rennlist Member
You have all winter Dell, and I am sure that this is the right time to buy.... That was my original plan, but I couldn't wait so pulled the trigger back in July on "the car".... Of course, that put me in the doghouse with my then fiancee (now wife) as I called her from the dealer to tell her, "by the way, I just bought a GT3 "... Hey, I wasn't married yet (and as Ferris Bueller said, the car "is so choice"!).
Hey, you might want to let us know exactly what you are looking for... Anytime I see a GT3 for sale, I stop and ask questions. If we see what you are looking for, we can pass along the lead...
-B
Hey, you might want to let us know exactly what you are looking for... Anytime I see a GT3 for sale, I stop and ask questions. If we see what you are looking for, we can pass along the lead...
-B
11-07-2006, 01:27 PM
#21
Nordschleife Master
Had I not just moved into a new house that we have been building over the last year I would have deifntely pulled the trigger some time ago but now that we are starting to get settled in I think it is time to start getting serious about my car search. Since I don't have any need (not to get confused with want 
) right now for the car I would like to start getting acquainted with it as soon as possible and start taking it to the track when the spring DE season starts back up. I really don't care about any options other than maybe lights (zenon). 04 or 05 is fine since the difference is maybe a little bit more warranty on one than the other. Other than that I am open to just about any example as long as it is not abused. Knowing that the care was cared for is important to me which is why I am hesitant buying from a dealer or reseller that knows nothing about the past and instead tries the old "this car was owned by a little old lady that barely drove it" line. 
I think buying the right GT3 will be a situation of when I know I have found the right car I will know it. I will say that I do NOT like the off color interiors and would need to have a black interior. That is not negotiable. The exterior is something I can probably bend on a bit more. However, with that said, I really like the white and yellow color on these cars.
) right now for the car I would like to start getting acquainted with it as soon as possible and start taking it to the track when the spring DE season starts back up. I really don't care about any options other than maybe lights (zenon). 04 or 05 is fine since the difference is maybe a little bit more warranty on one than the other. Other than that I am open to just about any example as long as it is not abused. Knowing that the care was cared for is important to me which is why I am hesitant buying from a dealer or reseller that knows nothing about the past and instead tries the old "this car was owned by a little old lady that barely drove it" line. I think buying the right GT3 will be a situation of when I know I have found the right car I will know it. I will say that I do NOT like the off color interiors and would need to have a black interior. That is not negotiable. The exterior is something I can probably bend on a bit more. However, with that said, I really like the white and yellow color on these cars.
11-07-2006, 02:59 PM
#24
Race Car
Originally Posted by LVDell
As somebody who is ACTIVELY searching for the right GT3 for me I can tell you I have seen prices from the mid-60's through the high 80's depending on year and miles.....so I can say that prices are ALL OVER the place.
There is a nice example at a dealer in NY (Rosslyn) that has an 04 with 5K miles and they are asking 78K. Wonder what they would take for it? I wouldn't buy it though since it is a color I do not want.
My thought process right now is that I have plenty of patience to find the perfect example and the first one that fits my definition of that in the 65-70 range I will immediately pull out the checkbook. I would add up to 2K+ to my number if it was a CPO'd car at a dealer since I understand the costs assocaited with CPO'ing a car and have no problem paying that premium ($1500 for the CPO plus extras needed that would not normally be needed on a good example).
Hoping to report soon ( in the near future ) about my new (to me) GT3.
There is a nice example at a dealer in NY (Rosslyn) that has an 04 with 5K miles and they are asking 78K. Wonder what they would take for it? I wouldn't buy it though since it is a color I do not want.
My thought process right now is that I have plenty of patience to find the perfect example and the first one that fits my definition of that in the 65-70 range I will immediately pull out the checkbook. I would add up to 2K+ to my number if it was a CPO'd car at a dealer since I understand the costs assocaited with CPO'ing a car and have no problem paying that premium ($1500 for the CPO plus extras needed that would not normally be needed on a good example).
Hoping to report soon ( in the near future ) about my new (to me) GT3.
I was at the local P-car dealer the other day drooling over the new 997 Aero Kit car they had in the showroom. Struck up a conversation with the salesmen about the current market and he went on and on about how now's not the time to get out of my 996 aero because the "market is soft" for them right now. While I do and don't agree at the same time on this I switched the conversation to values of 996 GT3's and stated that I was happy to see them dropping into the high 70's now for nice examples and he scoffed at me stating "you want to stay away from those cars in the 70's as they're probably wrecks...GT3's are still very solidly in the mid to high 80's).
??? Come to find out later he actually drives a 996 GT3 so maybe he's a bit skewed in his opinion. Here in the midwest I'm sure that I could find a very nice example of an '04 for high 70's...if only I could convince myself i was worth giving up the 996 and the M3.
Andy
11-07-2006, 03:06 PM
#25
Nordschleife Master
That's the great thing about our economy. You can try to sell for whatever you want but getting that price is another ballgame. The buyer pool dictates the price the car will bring. If somebody wants to get out of their GT3 and not take forever to sell then anything in the 65-75 range will get it sold QUICKLY. However, if they think like the salesman trying to badmouth any example that even comes close to the 70's as being wrecked then their are sadly dellusional. The truth is that GT3's are NOT solidly in the 80's and he knows that as evidence by the recent purchased from members here on the board as well as non-members.
The easiest way to see where they are pricewise is to see all the same cars for sale that are advertised in the 80's that have been on eBay and the PCNA website for quite some time and have yet to sell. That is not indicative of a market that is "solidly in the 80's".
I don't wish continued depreciation on any of the members of this great forum but at the same time, if you aren't going to sell then why worry about the price dropping and embrace those of us ready to join the ranks
The easiest way to see where they are pricewise is to see all the same cars for sale that are advertised in the 80's that have been on eBay and the PCNA website for quite some time and have yet to sell. That is not indicative of a market that is "solidly in the 80's".
I don't wish continued depreciation on any of the members of this great forum but at the same time, if you aren't going to sell then why worry about the price dropping and embrace those of us ready to join the ranks
11-07-2006, 03:15 PM
#26
Race Director
Originally Posted by LVDell
That's the great thing about our economy. You can try to sell for whatever you want but getting that price is another ballgame. The buyer pool dictates the price the car will bring. If somebody wants to get out of their GT3 and not take forever to sell then anything in the 65-75 range will get it sold QUICKLY. However, if they think like the salesman trying to badmouth any example that even comes close to the 70's as being wrecked then their are sadly dellusional. The truth is that GT3's are NOT solidly in the 80's and he knows that as evidence by the recent purchased from members here on the board as well as non-members.
The easiest way to see where they are pricewise is to see all the same cars for sale that are advertised in the 80's that have been on eBay and the PCNA website for quite some time and have yet to sell. That is not indicative of a market that is "solidly in the 80's".
I don't wish continued depreciation on any of the members of this great forum but at the same time, if you aren't going to sell then why worry about the price dropping and embrace those of us ready to join the ranks
The easiest way to see where they are pricewise is to see all the same cars for sale that are advertised in the 80's that have been on eBay and the PCNA website for quite some time and have yet to sell. That is not indicative of a market that is "solidly in the 80's".
I don't wish continued depreciation on any of the members of this great forum but at the same time, if you aren't going to sell then why worry about the price dropping and embrace those of us ready to join the ranks
uh huh
11-07-2006, 03:21 PM
#28
Race Director
Originally Posted by LVDell
ah, you know me too well Chris. 
11-07-2006, 04:32 PM
#30
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I think the best car to buy in that range is a car you intimately KNOW - each and every time it was driven.
A car that is advertised in low of 70-5 - is the same range as the cost of 1 set of rims on the spread - so price should not even be your key search factor - unless you do not care about pedigree (plenty of posers) - If you never intend to push the car, why worry - after looking at the car, having examined by a specialist porsche auto body shop, records, etc, that is the right used car. That a lot a dough even if the spread is 15 - to make a mistake. I would worry about crash damage - street or track).
Ya know, the loss of use of cash is pretty high, why not get a 997GT3 instead - you over all might be pretty close with a known car.
My guess on anyone selling a 996GT3, is they have to and would want to end the turmoil early. If they do not need to sell it it is just not for sale since the car is that good - after seeing these initial observations on the 997 GT3 - I am not sure there is any reall upgrade except to upgrade to a fresh car.
Really, a collector of specific porsches for their key attributes will value the 996GT3 the highest - the LAST of the non-electronics.
FYI - I am surprised porsche didnt add SH (Super Handling) from Acura to the TC software - OH...I am sorry - my mistake - they did...electronic diff
Just like the MDX...evolution......I cant wait for the 998Wii
A car that is advertised in low of 70-5 - is the same range as the cost of 1 set of rims on the spread - so price should not even be your key search factor - unless you do not care about pedigree (plenty of posers) - If you never intend to push the car, why worry - after looking at the car, having examined by a specialist porsche auto body shop, records, etc, that is the right used car. That a lot a dough even if the spread is 15 - to make a mistake. I would worry about crash damage - street or track).
Ya know, the loss of use of cash is pretty high, why not get a 997GT3 instead - you over all might be pretty close with a known car.
My guess on anyone selling a 996GT3, is they have to and would want to end the turmoil early. If they do not need to sell it it is just not for sale since the car is that good - after seeing these initial observations on the 997 GT3 - I am not sure there is any reall upgrade except to upgrade to a fresh car.
Really, a collector of specific porsches for their key attributes will value the 996GT3 the highest - the LAST of the non-electronics.
FYI - I am surprised porsche didnt add SH (Super Handling) from Acura to the TC software - OH...I am sorry - my mistake - they did...electronic diff
Just like the MDX...evolution......I cant wait for the 998Wii