mnorek

Congratulations! What a deal!

No HTwo O

Congrats. Now, I think you owe Awilks a nice bottle of Cabernet!!

Carrera GT

Great work on the buy price. Cold comfort all round, but that's the way of supply and demand.
No chance you'll be sleeping until you get it to the track.

Jake951

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.

996toomey

Nice buy.

Sweeper

Fantastic, Congrats. I knew you'd end up with it.

911dev

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.

Alan Smithee

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.

awilks

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.

Jake951

Yes, I owe you big time!

Carrera GT

I'm sure there's often a seller in distress. As you note, once the market develops even a hint of strength (no sign of that any time soon) then the panic sellers will be gone and the prices will revert to something more in line with usual depreciation ... I'm not suggesting a flick back to $100K+, but I think the cars currently changing hands under $90K will be seen as the bargains

SpeedGeek

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.

911dev

I doubt many GT3's are trading in the $70's. The larger wholesale auctions don't reflect this pricing. This dealer probably owned the car about where he sold it. I'd like to see evidence of GT3's selling/trading in the $70k's; we're talking CPO quality (not CPOed), less than 10-12k, cars.

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.

Blaine S

Beauty! Bring it to the Glen this weekend :-)