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GT2 residuals

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Old 05-08-2008, 12:40 PM
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Apex GT
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Default GT2 residuals

I found out that the new GT2 will have a residual of 44% in 48 months. Not sure what the market price will be in 48 however?
Just an fyi.
Old 05-08-2008, 04:53 PM
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PogueMoHone
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I know there is one less already, so the value should go up a little.
Old 05-08-2008, 05:05 PM
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C.J. Ichiban
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someone already crashed a gt2?
Old 05-08-2008, 05:26 PM
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911/Q45
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Sad, but inevitable. The guys that can afford these cars are usually untrainable. They are in their 50s with 40 years of bad driving habits. Usually CEO types that haven't been told that they are anything but omnipotent for 15 years.
Old 05-08-2008, 05:49 PM
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cgomez
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More residuals:

- 63% after 24mo
- 55% after 36mo

Clearly Porsche Financial is taking no risk here, so it will be a no brainer to purchase (and sell) the car at the end of the lease.

Question to GT3 owners: If you could ($ not an issue), would you prefer a GT2?
Contrary to the 996 GT2, the 997 GT2 is a 997 GT3RS with 28% more Hp and 65% more torque.
Old 05-08-2008, 06:01 PM
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C.J. Ichiban
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For the local roads and tracks, the GT3RS is a better fit for me, plus I've already got a high HP turbo.
Old 05-08-2008, 07:06 PM
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I am staying put with my RS...I love everything about it!
Old 05-08-2008, 07:25 PM
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Alan Smithee
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Originally Posted by cgomez
Clearly Porsche Financial is taking no risk here, so it will be a no brainer to purchase (and sell) the car at the end of the lease.
I'm not so sure...I assume those residual values are for cars with either 10k or 12k miles per year. You really think it's a no-brainer that a 35-45k GT2 will be worth much more than $100k in 3-4 years? By then the 998 will be out...

Obviously Porsche is making a killing regardless, but unlike the GT3 I don't see much equity at the end of that lease.
Old 05-08-2008, 09:47 PM
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fc-racer
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Originally Posted by cgomez
Question to GT3 owners: If you could ($ not an issue), would you prefer a GT2?
Contrary to the 996 GT2, the 997 GT2 is a 997 GT3RS with 28% more Hp and 65% more torque.
These days, cost is rarely an object with all the creative financing out there! For me, even if I had the money, I would not get the GT2. For similar money, I'd rather get an F430, there is so much more excitement and sense of adventure in the F430.

Furthermore, if I had the chance to do it all over again, I would have paid the extra for an RS. I didn't think the extra cost was worth it when I bought my car, but I now feel it is worth it. There is something magical about the RS with its wide hips and wing, along with the wild colours. I'd take mine in Orange
Old 05-08-2008, 10:15 PM
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cgomez
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Originally Posted by fc-racer
These days, cost is rarely an object with all the creative financing out there! For me, even if I had the money, I would not get the GT2. For similar money, I'd rather get an F430, there is so much more excitement and sense of adventure in the F430.

Furthermore, if I had the chance to do it all over again, I would have paid the extra for an RS. I didn't think the extra cost was worth it when I bought my car, but I now feel it is worth it. There is something magical about the RS with its wide hips and wing, along with the wild colours. I'd take mine in Orange
Hmmm...., that has been my initial reaction too, but the RS comes in larger quantities and MKII is just around the corner, and the future one with PDK would be an even better track car, so not sure for how long would the current cars command that premium (above MSRP markups. I agree that the MSRP price difference over the base GT3 is justifiable). I understand the current market behaviour as a reaction to having a real RS for the first time in the US.

Also consider that the GT2 is a car that's basically faster than a 430 Scuderia (not only straighline, but around a track), and is as docile and reliable as any 997 on daily driver duties, and 177 production for the US is really not that much (there should be enough long term buyers for this car as a used car). A regualr 430 is not comparable and not as track worthy as a GT2.

I'm not arguing for the GT2 as an investment, I'm debating whether a daily driven GT2 would really depreciate 50% in 3 years. How many buyers would be there for a 530hp proper realiable supercar with 30,000mi? Would the price be really just $110K? What do you expect the worse case scenario for current RS be? $90K?
Would just a $20K price difference for both used cars be market? considering the GT2 handles exactly the same as the GT3RS (in capable hands)?

The 996 GT2 was a real fluke (2wd Turbo instead of a real GTx car). I think that' what is hitting people's perception about the 997 version.

thoughts?
Old 05-08-2008, 10:29 PM
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I think you might find that the 996 was not a fluke, and some new owners are already lamenting that the 997 GT2 is too tame; hankering after the rawness of the 996. That is the car (996 GT2) that might become the legend!

Capable hands? In these cars (at the car's limits) suggests a professional racing license, and lots of track time.
Old 05-08-2008, 10:32 PM
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I didnt think people were going to pay way over for the GT2 but its still getting 30K and up over.
The RS was going 50K and more over and the GT2 is tamer but people are still paying.
Tamer in the Over MSRP frenzy I mean.
Old 05-08-2008, 10:48 PM
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PogueMoHone
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Originally Posted by OldGuy
I didnt think people were going to pay way over for the GT2 but its still getting 30K and up over.
The RS was going 50K and more over and the GT2 is tamer but people are still paying.
Tamer in the Over MSRP frenzy I mean.
I haven't heard rave reviews from buyers, or seen the "must have" frenzy that existed for the RS; or built up after a few months for the GT3, even after it was thrashed (for having a sunroof) on this and other forums. However, my sample is small as I only know of two owners, one is thinking of selling; and the other is looking for a replacement car!

I am the first to admit that 2 examples don't make the market.

Let's see what Dealers are paying for them in 12 months? That will be my acid test; and if there is an 09 GT2, what then?

The first 996 GT2s were selling at $50K over as well, but that didn't last long.
Old 05-08-2008, 11:25 PM
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Terrence
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Had a get-together one morning with some friends a few weeks ago. We brought a 997TT, a GT3RS and a GT2. Bumped into a friend that has had every car from Enzo to CGT to everything in between. I asked him if he is getting a GT2 and he said that probably not because he can't get one at MSRP. The GT2 owner offered him a test drive of his GT2. He took it with his friend, left for 10 minutes, then came back. As he opened the door, the first word that came out of his mouth was " ****!" followed by the biggest grin on his face. Then he said, " This car is so fu*&^%g fast!. This was an expensive test drive."

I drove my other friend's GT2 a week prior so my impression is basically summed up by the above story too.

I think the GT2 is just as docile to drive around town or on canyon roads as a GT3RS, but can be unleashed to a whole new performance category when desired. What's not to like? Mine's coming in 4 weeks.
Old 05-08-2008, 11:33 PM
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PogueMoHone
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Originally Posted by Terrence
What's not to like? Mine's coming in 4 weeks.
Nothing! Especially since it fits what you want. Provided you don't pay the silly "sucker" Dealer premium.

Enjoy your magnificent car.


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