Are 2007/2008 GT3s overpriced?
#17
Nordschleife Master
where did the OP say anything about invenstment strategy????
that's like saying people that make ill informed assumptions make me chuckle...
that's like saying people that make ill informed assumptions make me chuckle...
People who try to rationalize cars as some sort an investment strategy make me chuckle. With VERY few exceptions they are simply depreciating assets no matter how you slice or dice it.
Life is short, buckle up and enjoy the ride... before wants and desires become regrets!!
I do!!
+1 on Dell's quote!!
Life is short, buckle up and enjoy the ride... before wants and desires become regrets!!
I do!!
+1 on Dell's quote!!
#18
GT3 player par excellence
Lifetime Rennlist
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Lifetime Rennlist
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they all depreciate a lot over your time horizon.
yes, there are difference in the depn curve, from steep to very stoop.
but in absolute dollar value it is irrelevant. if you actually drove the car, the consumables will far outweigh the dep'n. and the consumables are about 0% residual value. sounds crazy, but it's true, i have proven it many many MANY times.
the BEST way to do this is buy a GT3 every 3 months like i do.
then you will become numb to the dep'n. really. it works great for me.
yes, there are difference in the depn curve, from steep to very stoop.
but in absolute dollar value it is irrelevant. if you actually drove the car, the consumables will far outweigh the dep'n. and the consumables are about 0% residual value. sounds crazy, but it's true, i have proven it many many MANY times.
the BEST way to do this is buy a GT3 every 3 months like i do.
then you will become numb to the dep'n. really. it works great for me.
#19
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Here's a graph that visualizes mileage, year and KBB private party value in excellent condition with no options selected.
The curves are fairly steady and slightly flatter for the older models.
As noted here before, the new 991 GT3 coming out next year will likely change this.
https://rennlist.com/forums/members/...es-jun2012.jpg
The curves are fairly steady and slightly flatter for the older models.
As noted here before, the new 991 GT3 coming out next year will likely change this.
https://rennlist.com/forums/members/...es-jun2012.jpg
#20
I don't get comments on inflated or artificially high regards GT3 prices. The market is what it is and its been the same for all models/series. All to do with numbers, perceived value/quality/performance plus the marques own history/value. All are rock solid, always have been so the prices are what they are and to me fair but I'm not talking fair in Australia where a 2007 GT3 is $200,000 and US to Oz $ is 1-1! We get raped here but its the same on all European cars imported!! Enjoy your bargin cars ROW...
Cheers
Jay
Cheers
Jay
#21
Nordschleife Master
You can blame the Australian government and location on why cars cost you so much more in Australia. We don't have the luxury tax, import tax and goods & services taxes they do. Australian has much stricter emissions standard which also go into the price of the car. Also, the US market buys 30x the number of cars that Australians do (think bulk buying discount for a loose analogy). And lastly, it's very costly to ship cars to Australia versus the US.
Totally unrelated to the cars price, but Australians earn much higher on average than the US worker.
At the end of the day, just b/c the dollars are just about 1:1 doesn't mean car prices should be 1:1.
Totally unrelated to the cars price, but Australians earn much higher on average than the US worker.
At the end of the day, just b/c the dollars are just about 1:1 doesn't mean car prices should be 1:1.
#22
Drifting
#23
Yes. When it was still listed for sale in Colorado I called the dealer with the intention of placing a deposit. They told me it didn't sell locally and had just been sent to auction. The car in LA is the same VIN. I heard from another source it sold at auction for just over 100 but I have no way to verify that.
#24
Drifting
Yes. When it was still listed for sale in Colorado I called the dealer with the intention of placing a deposit. They told me it didn't sell locally and had just been sent to auction. The car in LA is the same VIN. I heard from another source it sold at auction for just over 100 but I have no way to verify that.
Then they won't like my offer I just gave them
#25
Rennlist Member
He said he only wants a car with PSM. Don't blame him. Great feature for rain or new tracks.
With that being said, he needs to decided between 2010 GT3 or RS. My vote is for the RS.
With that being said, he needs to decided between 2010 GT3 or RS. My vote is for the RS.
#26
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You can blame the Australian government and location on why cars cost you so much more in Australia. We don't have the luxury tax, import tax and goods & services taxes they do. Australian has much stricter emissions standard which also go into the price of the car. Also, the US market buys 30x the number of cars that Australians do (think bulk buying discount for a loose analogy). And lastly, it's very costly to ship cars to Australia versus the US.
Totally unrelated to the cars price, but Australians earn much higher on average than the US worker.
At the end of the day, just b/c the dollars are just about 1:1 doesn't mean car prices should be 1:1.
Totally unrelated to the cars price, but Australians earn much higher on average than the US worker.
At the end of the day, just b/c the dollars are just about 1:1 doesn't mean car prices should be 1:1.
#27
I'm still up in the air on the PSM thing. One thing pushing me away from 2007/2008. Until yesterday, I thought all 997 GT3s had it.
1) Rain Days/ new tracks.... I love the rain, and I've done full days in the rain at RR. I've done RR Wet with relatively good times because of the PSM.
With PSM on wet, you think sometimes, I shouldn't be able to make that turn at that speed, but yet you do...
2) Without it, I will have to learn to drive without it. Learning to drive better is kind of my goal over going faster.
(I won't be able to take coming down off the back straight at Homestead with as much confidence) Maybe this would be a good thing as it will actually force me to learn the hard way.
1) Rain Days/ new tracks.... I love the rain, and I've done full days in the rain at RR. I've done RR Wet with relatively good times because of the PSM.
With PSM on wet, you think sometimes, I shouldn't be able to make that turn at that speed, but yet you do...
2) Without it, I will have to learn to drive without it. Learning to drive better is kind of my goal over going faster.
(I won't be able to take coming down off the back straight at Homestead with as much confidence) Maybe this would be a good thing as it will actually force me to learn the hard way.
#28
Yes. When it was still listed for sale in Colorado I called the dealer with the intention of placing a deposit. They told me it didn't sell locally and had just been sent to auction. The car in LA is the same VIN. I heard from another source it sold at auction for just over 100 but I have no way to verify that.
#29
People who try to rationalize cars as some sort an investment strategy make me chuckle. With VERY few exceptions they are simply depreciating assets no matter how you slice or dice it.
Life is short, buckle up and enjoy the ride... before wants and desires become regrets!!
I do!!
Life is short, buckle up and enjoy the ride... before wants and desires become regrets!!
I do!!
#30
you don't need PSM. Period. It will only slow you down- in lap times and learning curve.