Opinion needed: Thinking of buying this gt3
#1
Opinion needed: Thinking of buying this gt3
I found a car I may finally pull the trigger on. The price is right... well under market value for these. I am not a garage queen collector, nor a racer, but want one of these for spirited weekend driving and may casually race it some day. The car in question has VERY low miles, but lots of suspension mods (no original parts included), and recently even got a new engine! Your quintissential track "beater" (though cosmetically it looks very nice.) Assuming the car runs great and is in good cosmetic condition, will these aspects kill its value? I know Porsche buyers can go to big extremes to make sure they aren't buying anything but an all original, unmolested car, etc. The dealer is also offering it with a warranty...
What do you guys think? I'm not super rich, and one of the big draws to these gt3s is that I can enjoy my favorite sports car and not worry (as much) about the deprecideprecian. My last one was a c7 z06 and even with insane discounts, I lost about 30% on it. I know that cars are NOT investments, I understand that... but is this gt3 basically worthless with the new engine and sketchy history? Or is it quite the opposite?
Thanks!
What do you guys think? I'm not super rich, and one of the big draws to these gt3s is that I can enjoy my favorite sports car and not worry (as much) about the deprecideprecian. My last one was a c7 z06 and even with insane discounts, I lost about 30% on it. I know that cars are NOT investments, I understand that... but is this gt3 basically worthless with the new engine and sketchy history? Or is it quite the opposite?
Thanks!
#2
May be tougher to re sell down the road. If not losing money is the goal - keep searching.
Just my opinion
Just my opinion
#4
That car recently got a large price drop ( Texas car right?) - I believe there is another post on that car here, but I wasn't able to find it because I am old and not rennlist savvy! Good luck.
#6
Rennlist Member
It sounds to me like you found a good deal on a car you want, and all of the stuff you mentioned won't get in the way of your enjoyment of it.
As for resale...
As for resale...
- What is the story on the engine? How long ago?
- What does the warranty cover? How long? Is it transferable? Who is it through?
- What do you think it would cost to "return to stock" on the suspension? Is it a reputable brand?
#7
Rennlist Member
It appears that this the car you are considering:
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
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#8
Yes. Was not trying to discuss that aspect (lol) because the last time I hesitated on one of these it sold while I was securing my financing! Literally minutes off. The car is hugely discounted, but as eztrader pointed out, I feel like it would be difficult to get a private party sale down the road. The suspension is all tricked out (guy was even running oversized hoosiers on it) and, well, he blew the motor.... but 12,000 miles and that price... new motor, warranty even. Seems like it's still a bit of a deal. So I yield to the sage advice of the rennlist guys. I follow this forum regularly but do not post much. You all are great. Thanks again for any opinions you may add.
#9
It appears that this the car you are considering:
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
So the real question is: If I bought it for 80 (9 below asking,) would there ever be another person who is willing to pay similar money for this car? Seems like it might be smarter to just pay 100ish for a really clean one, but I am really a noob here...
Crate engine = not Porsche, right? So does that = not Mezger? Not as good in any way? The term "Crate engine" is pretty vague, especially when dealing with one as legendary as this.
#10
This car dropped $10k from last week.
Google the vin. It was for sale at another dealership for $120k on Sept 2018 with the same miles so it hasn’t been driven.
i don’t know but something is off about this car.
http://www.autoquid.com/car-detail/9...901063776.html
$30k price drop in 6 months on an undriven car seems suspect.
if you have $90k to spend you’re better off getting a clean 997.1 GT3.
Google the vin. It was for sale at another dealership for $120k on Sept 2018 with the same miles so it hasn’t been driven.
i don’t know but something is off about this car.
http://www.autoquid.com/car-detail/9...901063776.html
$30k price drop in 6 months on an undriven car seems suspect.
if you have $90k to spend you’re better off getting a clean 997.1 GT3.
#11
PCCB replacement needs to be considered with a tracked vehicle.
If you're lucky, the previous owner used after market or steel brakes on the track.
New pads can obscure damage to the rotors.
$4K at each corner is a big price for rotors. Fried caliper pistons require a lot of labor to fix.
If you're lucky, the previous owner used after market or steel brakes on the track.
New pads can obscure damage to the rotors.
$4K at each corner is a big price for rotors. Fried caliper pistons require a lot of labor to fix.
#12
PCCB replacement needs to be considered with a tracked vehicle.
If you're lucky, the previous owner used after market or steel brakes on the track.
New pads can obscure damage to the rotors.
$4K at each corner is a big price for rotors. Fried caliper pistons require a lot of labor to fix.
If you're lucky, the previous owner used after market or steel brakes on the track.
New pads can obscure damage to the rotors.
$4K at each corner is a big price for rotors. Fried caliper pistons require a lot of labor to fix.
#14
Drifting
It appears that this the car you are considering:
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
https://www.momentumporsche.com/used...gurus_listings
Check page 138 and beyond on "The 997 GT3/RS Cars For Sale" thread at the top of the page for additional discussion if so.
Caveat Emptor.....
OP - the car will always be worth less than the average market. A lower entry point may result in slightly less loss (30% isn’t unreasonable). Are you near the car? Get a thorough ppi. If it checks out, drive it and don’t worry about value.
#15
I agree that the lower entry point will cause the value to be a wash, but I think what really scares me is the term "crate engine." If the engine in that car was not built by Porsche then I don't think I'd want anything to do with it for over 50k. Correct me if I'm wrong.