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Where will GT3 prices bottom out???

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Old 10-15-2007 | 01:48 PM
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Default Where will GT3 prices bottom out???

Anyone care to share their thoughts????
Old 10-15-2007 | 02:17 PM
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IMO prices will continue to drop but not as rapidly as before. Perhaps 10k more in a year ?
997GT3s have stabilized at sticker reducing the gap in price.
I am a bit more familiar with GT2 prices as have been watching actively for a year. GT2s will take a hit when 997GT2s come out. Lots of GT2s on the market right now as pre introduction anticipation sellers come out.
Many listed at 120k. Some good ones at 100 a few OK at 90 and higher mileage cars (30k+) at 80. Few are selling
This has to affect 996gt3 prices too; What's the proper gap ?
The good news is that GT2s and 3s are/will be "Cult" cars as much as the RS goofiness. Thus rock bottom will be in only a few years, many less than normal 911s .THE 996 to own.
When the right GT2 comes along I will pull the trigger but I may wait 6 months and to see exactly how 997GT2 prices affect supply/demand.
Once again; all my opinion.
Old 10-15-2007 | 02:47 PM
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Good, clean, well maintained cars will level off in the high 60's then climb again when the 998s come out. that's my current guess but it will probably change next week.
Old 10-15-2007 | 03:37 PM
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I don't think the 996 GT2 will take a hit, because of the 997 GT2 release. There were less than 300 GT2 sold in U.S. during 4 years, and the number of 997 GT2 that will come to U.S. will be much lower. The 996 GT2 will continue to depreciate because of mileage, but clean low miles cars will retain their current value. There is close to a $100k gap between the 996 GT2 prices and the 997 GT2 prices.

The 996 GT3 has an unique appealing in the used market. It's becoming the choice for an affordable track car, something like what has happened to the RS America. I think they will fall another $12k in about 2 years, and settle there, mid 60s for clean examples, and low 50s for high miles/track cars. Round that to $500/month for the next 24 months.
Old 10-15-2007 | 04:52 PM
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Just buy one already!

We are waiting for you in NI class...
Old 10-15-2007 | 05:19 PM
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Originally Posted by NJ-GT
I don't think the 996 GT2 will take a hit, because of the 997 GT2 release. There were less than 300 GT2 sold in U.S. during 4 years, and the number of 997 GT2 that will come to U.S. will be much lower. The 996 GT2 will continue to depreciate because of mileage, but clean low miles cars will retain their current value. There is close to a $100k gap between the 996 GT2 prices and the 997 GT2 prices.

The 996 GT3 has an unique appealing in the used market. It's becoming the choice for an affordable track car, something like what has happened to the RS America. I think they will fall another $12k in about 2 years, and settle there, mid 60s for clean examples, and low 50s for high miles/track cars. Round that to $500/month for the next 24 months.
I think things will level off over the next few years; but I agree that the GT3 will be THE 996 to own. Later models will have more electonics and more weight; it's inevitable. This model is as close to the RS as anything and it may stay that way. Long term, it may be very collectible. Now if only people would accept that they aren't Ferraris and you can drive the damned things.
Old 10-15-2007 | 10:06 PM
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Originally Posted by ron_dargenio
I think things will level off over the next few years; but I agree that the GT3 will be THE 996 to own. Later models will have more electonics and more weight; it's inevitable. This model is as close to the RS as anything and it may stay that way. Long term, it may be very collectible. Now if only people would accept that they aren't Ferraris and you can drive the damned things.
+1. I like buying cars that depreciate less...My 94 Speedster has started to appreciate in value, though I seldom drive it and consider it garage art. I strongly believe the 996 GT3 will follow the appeal of the 93/94 RSA as the track car of choice for the DE enthusiast. I suspect the car will bottom in the mid-$60s and then go up again as we move into the new decade...

-B
Old 10-16-2007 | 04:58 AM
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GT2 prices have already taken their hit, come on, new MSRP was 190~, now as mentioned, they are near the bottom 100s~ even htiting 90~ these cars are very near the lowest they will sell for for some time to come.

The GT2 is the real bargain in the 996 series, but the 996 GT3 will continue to be more desirable because of the low availability of the 997 RS and because the base 997 GT3 is softer than what real enthusiasts/trackers will want.

That said, time will tell.
Old 11-14-2007 | 03:46 PM
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It seems there is a shortage of 996 GT3s for sale right now. At least ones with less than 10k miles.
Old 11-14-2007 | 04:28 PM
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I think the 997GT2 may raise 996GT2 prices in the mid term.
Old 11-14-2007 | 07:07 PM
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FWIW: I Just sold my Artic Silver '04 locally. 22K miles, minimal options , CPO till 12/10, very clean, for $72K.......
Old 11-14-2007 | 07:42 PM
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Originally Posted by Stratocaster
FWIW: I Just sold my Artic Silver '04 locally. 22K miles, minimal options , CPO till 12/10, very clean, for $72K.......
2nd owner? How much track time?
Old 11-14-2007 | 08:03 PM
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I think the 996 GT3 will bottom at $50K. It appears to be the no nonsense track car sans electronic gadgets and perfect for the track, but not that being said, people typically don't want to spend a lot of $$ on a track car, therefore, it will have a limited target market.

The 997 and eventually 998, etc. have/will prove to be better compromises for street and track and appeal to a greater amount of people.

I hope I'm wrong, but we're talking about a depreciating asset, especially if used on track.
Old 11-14-2007 | 08:27 PM
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Im wondering what 964 RSA owners thought about back in 97/98. Those cars, in excellent form, go for original MSRP or more. I think the production run was about the same and it had the SAME engine as the 964 not an improved as the GT3 has.
Old 11-15-2007 | 02:31 AM
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Originally Posted by JasonVW
It seems there is a shortage of 996 GT3s for sale right now. At least ones with less than 10k miles.
As time goes on, I suspect we will see even fewer with less than 1ok miles


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