Opinion on future pricing trend trends on 997 GT3's?
05-13-2019, 07:14 PM
#16
Rennlist Member
997.1 - Market range is 80-100K
997.2 - Market range is 95-115k
They will depreciate like any other car but if you get one in those ranges, you should be pretty good in terms of residual value.
997.2 - Market range is 95-115k
They will depreciate like any other car but if you get one in those ranges, you should be pretty good in terms of residual value.
05-14-2019, 12:12 PM
#17
I think when people make threads like these they aren't trying to put their money into a car instead of retirement... they are trying to minimize their cost of ownership. Let's be honest; very few people hold onto a car for 10 years, especially an enthusiast car. So instead of purchasing say a new M3 at $80k and it being worth $50k in two years PLUS the cost of consumables, you'd instead buy an e90 for $34k and yes you may end up putting say, $5k into maintenance plus consumables and it may depreciate some down to $30k. However the cost of ownership is $11k vs $37k taking into account sales tax and maintenance (consumables are a wash).
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
05-14-2019, 12:55 PM
#18
Rennlist Member
I think when people make threads like these they aren't trying to put their money into a car instead of retirement... they are trying to minimize their cost of ownership. Let's be honest; very few people hold onto a car for 10 years, especially an enthusiast car. So instead of purchasing say a new M3 at $80k and it being worth $50k in two years PLUS the cost of consumables, you'd instead buy an e90 for $34k and yes you may end up putting say, $5k into maintenance plus consumables and it may depreciate some down to $30k. However the cost of ownership is $11k vs $37k taking into account sales tax and maintenance (consumables are a wash).
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
05-14-2019, 12:59 PM
#19
Instructor
IMHO, the 997 Gt3 will be very expensive in 20 years. Short term, no one knows where bottom is, long term no brainer unless car culture diminishes to the point of cars being horse carriages “worthless”. In the meantime, the Gt3 is probably the top .001% of all time great cars to drive so you really can’t go wrong with it.
05-14-2019, 01:37 PM
#20
Drifting
IMHO, the 997 Gt3 will be very expensive in 20 years. Short term, no one knows where bottom is, long term no brainer unless car culture diminishes to the point of cars being horse carriages “worthless”. In the meantime, the Gt3 is probably the top .001% of all time great cars to drive so you really can’t go wrong with it.
05-14-2019, 08:57 PM
#21
Rennlist Member
only problem is,... in 20 years the governments will all be so into the electric scene, fossil fuels will be scarce, expensive & limited. So yea the 997 RS' will still command a premium as a "collector", but I expect the regular GT3's that are being driven to suffer depreciation (like mine).
My only hope is that eventually they will see that electric is just as difficult and expensive (to the environment) to produce, that it delays the fossil fuel decline.
My only hope is that eventually they will see that electric is just as difficult and expensive (to the environment) to produce, that it delays the fossil fuel decline.
05-14-2019, 10:13 PM
#22
I consider the RS America a great benchmark for limited, special 911s. Judge it compared to its original MSRP and not absolute terms. At some point they were touching 120K mark which is double its MSRP. Now you can find good ones in the 90 to 110 range. I would imagine GT3s will eventially touch 250K mark but that's decades away and with inflation in the picture you are not really profiting but rather preserving value while having a good time. I've had a set of interesting cars in the past but there is one I actually made money on and that was the E30 M3. Purchsed in 2005 for 15K and later sold just below 50K only 12 years later. I obviously spent money on it but even with all expenses I still came on top of that one. How did that happen? I simply had to have an E30 M3 and jumped on it before the masses recognized the greatness of this car. It's not a coincedence that I have a GT3 now.. spiritually speaking they are very similar cars.
05-15-2019, 05:30 PM
#23
I think when people make threads like these they aren't trying to put their money into a car instead of retirement... they are trying to minimize their cost of ownership. Let's be honest; very few people hold onto a car for 10 years, especially an enthusiast car. So instead of purchasing say a new M3 at $80k and it being worth $50k in two years PLUS the cost of consumables, you'd instead buy an e90 for $34k and yes you may end up putting say, $5k into maintenance plus consumables and it may depreciate some down to $30k. However the cost of ownership is $11k vs $37k taking into account sales tax and maintenance (consumables are a wash).
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
The right 911, bought reasonably from a private party (no dealer markup) and sold the same way, is the sportscar equivalent of buying a Toyota Tacoma. Minimal depreciation and investment each year.
I wouldn't pay $10k a year to drive a 911, but $3k a year? Sure. It is VERY doable on certain models (997.2 manual, 997 GT3, probably GT4, desirable Carrera 991 models). Cars I saw 3 years ago, with a certain mileage and spec, are still selling for the same price today. Even if it was driven quite a bit, the depreciation is minimal.
Porsche values holding strong is what lets a lot of otherwise middle-class people afford these cars. I can drive a more basic daily (in my case, an older 4-runner) and take that few thousand in depreciation to own a 911!
Most cars on the road lose more than $3k a year. My buddy drove his Jeep Grand Cherokee for 3 years and it lost $24k. For that, I can drive a 911 for 8 years. Which would you rather own?
05-15-2019, 05:32 PM
#24
That's how I ended up with one. I drove my last two CPO Carrera's about 3500 mi/yr and was looking for another in the $65-85k range. Leasing a new one didn't make sense for me at the time. Impulsively bought my CPO GT3 when it popped into my dealer one morning. If I sold it even as much as $20k less, 30 months later, it would be much less than a lease on a new 911. The tough part is the almost $10k in sales tax I don't get back in CA even on a trade-in which ends up being another incentive to keep my baby longer.
05-15-2019, 06:56 PM
#25
I consider the RS America a great benchmark for limited, special 911s. Judge it compared to its original MSRP and not absolute terms. At some point they were touching 120K mark which is double its MSRP. Now you can find good ones in the 90 to 110 range. I would imagine GT3s will eventially touch 250K mark but that's decades away and with inflation in the picture you are not really profiting but rather preserving value while having a good time. I've had a set of interesting cars in the past but there is one I actually made money on and that was the E30 M3. Purchsed in 2005 for 15K and later sold just below 50K only 12 years later. I obviously spent money on it but even with all expenses I still came on top of that one. How did that happen? I simply had to have an E30 M3 and jumped on it before the masses recognized the greatness of this car. It's not a coincedence that I have a GT3 now.. spiritually speaking they are very similar cars.
05-17-2019, 04:20 AM
#26
Burning Brakes
Buy one and just drive it, there are too many unknowns and life’s short. I love my .2RS which has belonged to some folks here including Mike and was really well taken care of.
05-17-2019, 08:12 PM
#28
Today, a GT2RS was on the track!!! It's a special thing to see someone driving a valuable car like there is no tomorrow. Can we all just drive these things without thinking value lost or added. It's a Porsche. Buy one, drive it, modify it, make it yours to keep. Boring to see a polished stock factory Porsche in the parking lot; show me the one with stories! I saw a 2011 GT3RS last time at COTA with half its interior removed and a full cage - most interesting car there. Drawn to it like a magnet.
Last edited by Runner; 05-17-2019 at 10:14 PM.
05-19-2019, 07:31 PM
#29
Rennlist Member
I think when people make threads like these they aren't trying to put their money into a car instead of retirement... they are trying to minimize their cost of ownership. Let's be honest; very few people hold onto a car for 10 years, especially an enthusiast car. So instead of purchasing say a new M3 at $80k and it being worth $50k in two years PLUS the cost of consumables, you'd instead buy an e90 for $34k and yes you may end up putting say, $5k into maintenance plus consumables and it may depreciate some down to $30k. However the cost of ownership is $11k vs $37k taking into account sales tax and maintenance (consumables are a wash).
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
AND if you get lucky, maybe the e92 is worth $36k in a couple years and nothing major breaks. You've now drove it for a couple years with just the cost of gas and consumables. Now your very far ahead of that new M3.
Just using the above as an example as I went through it for my new daily with those numbers.
No one really expects to hit the lottery like the few people that bought a 930 in 2012 and sold it in 2015. Or a 964 a few years ago and sold it on BAT this year.
-Josh
05-23-2019, 05:43 PM
#30