Anybody know this '07 GT3 (Nashua NH)?
#19
Addict
Rennlist Member
Rennlist Member
Thread Starter
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
The current issue of Excellence (in the 996GT3 vs 997GT3 article) said pre-owned 997GT3's can be had for $70k-$90k. I saw no evidence at all of any selling in the 70's, so I don't know where that figure comes from. However, the current market is a great opportunity for buyers and it won't last if and when auto sales rebound again with the economic recovery.
#22
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
The current issue of Excellence (in the 996GT3 vs 997GT3 article) said pre-owned 997GT3's can be had for $70k-$90k. I saw no evidence at all of any selling in the 70's, so I don't know where that figure comes from. However, the current market is a great opportunity for buyers and it won't last if and when auto sales rebound again with the economic recovery.
Congrats on a great buy and great looking car!
Tell Excellence to show you the cars they found below $80k, let alone near $70k; ain't gonna happen! And, you're right, when the economy recovers these prices will rebound, imo.
#23
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I'm sure there are GT3s trading in the $70s. The subject car, for instance, unless it was sold at a loss, was purchased or consigned in the $70s and CPO'd.
Don't count on any price 'rebound'. As noted earlier in the thread, the 997GT3 is following a normal depreciation curve. The GT3 has (miraculously) not experienced any accelerated depreciation due to the economy, so there should not be any 'correction' in the other direction. Especially with 2010 GT3s now sitting on lots and allocations readily available.
Don't count on any price 'rebound'. As noted earlier in the thread, the 997GT3 is following a normal depreciation curve. The GT3 has (miraculously) not experienced any accelerated depreciation due to the economy, so there should not be any 'correction' in the other direction. Especially with 2010 GT3s now sitting on lots and allocations readily available.
#24
Addict
Rennlist Member
Rennlist Member
Join Date: Aug 2003
Location: Darien, C.T.
Posts: 75
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Congrats. I knew that car was yours, at your price...i'll take a beer at a PCA event some day. Post some pix once you get her home, and some feedback on the drive.
#25
Addict
Rennlist Member
Rennlist Member
Thread Starter
#26
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
The current issue of Excellence (in the 996GT3 vs 997GT3 article) said pre-owned 997GT3's can be had for $70k-$90k. I saw no evidence at all of any selling in the 70's, so I don't know where that figure comes from. However, the current market is a great opportunity for buyers and it won't last if and when auto sales rebound again with the economic recovery.
#27
Pro
Join Date: Dec 2002
Location: Johannesburg, South Africa
Posts: 648
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
These are previous-generation used cars, folks. There's not going to be any rebound in prices of aging cars.
Jake, awesome car at an awesome price! Enjoy it.
Jake, awesome car at an awesome price! Enjoy it.
![thumbup](https://rennlist.com/forums/graemlins/thumbup.gif)
#28
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I'm sure there are GT3s trading in the $70s. The subject car, for instance, unless it was sold at a loss, was purchased or consigned in the $70s and CPO'd.
Don't count on any price 'rebound'. As noted earlier in the thread, the 997GT3 is following a normal depreciation curve. The GT3 has (miraculously) not experienced any accelerated depreciation due to the economy, so there should not be any 'correction' in the other direction. Especially with 2010 GT3s now sitting on lots and allocations readily available.
Don't count on any price 'rebound'. As noted earlier in the thread, the 997GT3 is following a normal depreciation curve. The GT3 has (miraculously) not experienced any accelerated depreciation due to the economy, so there should not be any 'correction' in the other direction. Especially with 2010 GT3s now sitting on lots and allocations readily available.
I do believe that when the economy recovers or people think that it is, prices could very well move 2-3% in the other direction. Even if prices remain steady, it benefits the current buyer.
GT3's may be mass produced but simple supply and demand still helps matters. GT3's historically hold better values simply because there are fewer.