What's going on with the 997.2 RS market?
#31
Burning Brakes
The more I learned about the 991 GT3, the more I wanted a 997.2 RS.. it's the last of the Mezger motor. Last of the manual tranny. And last of the driver's car. Porsche seems to be evolving the GT3 to target more buyers for higher sales (vs. solely purists). Sure 991 will be faster, but who cares if the experience is boring and not involved. Plus, I won't buy first generation of new models (learned lesson already). I don't want to buy a non-refined product. However, I do see myself selling the RS once the 991 cups are out... cups are another story though.
Last edited by Laguna_Dude; 11-22-2012 at 01:53 AM.
#32
Rennlist Member
I would argue that many owners of the 3.8 RS - and especially 4.0 RS - have them because they are the newest, hottest, coolest 911s out there, and they will be the first to dump them for 991 GT3 (RS), PDK and all. They aren't serious trackers and they don't spend their down time at work talking about cars on the internet.
There are about 12 or so .2RS here in Vancouver. I know most of the owners. More than 2/3 of us track our RS.
I have absolutely no interest to get the 991GT3 or RS, PDK or not.
#33
Addict
Rennlist Member
Rennlist Member
Even the rarest model of water cooled cars will not reach collector status in our lifetimes unless we Rennlisters are in our 20's and will live to be octogenarians. So please let's not kid ourselves. We could'nt have afforded these cars in our 20's so let's enjoy them and take good care of them. I can't wait to wear off my MPSC's and put on some MPSS on mine to enjoy my RS even on days where there is some wetness on the ground. It's that time of the year where it rains every single day in Seattle.
Water cooled vs. Air cooled is an well known assumption of collectible value that has proven incorrect. The 959 is water cooled, so is the 962 and Carrera GT. There are affordable air cooled cars, and there are very expensive water cooled cars.
996 is the dark ages car, and those will stay in junk yard except probably the 996 GT3 RS, and even this one is cheap overseas.
Carrea GT prices (a car made in vastly more quantities than the GT3 RS 3.8) are not coming down.
It takes a while for mass produced Porsche to become jewels in the collectors market, but they do get there, and the GT3 RS has all the features loved in previous generations of highly valuable collective cars, it is simple, they were the best driver's cars during their times.
Let's revisit in 20 years.
#34
Rennlist Member
The cars you mention like the 993 GT2s, enjoy an exceptionally high and stable value because very few were built. I won't complain is you think my 997.2 RS will be worth more in 20 years than what I paid for it this year. But it will have to be low mileage and accident free. The problem is that I love to drive these cars and that's a problem of the good kind
#35
Rennlist Member
dont try to predict pricing curve. if you can do that well, then forget RS, just start pricing stocks and you will be able to own AAPL GOOG, the company not just their stocks.
the real question is do you like the car. if so, buy it.
trakcar may buy high sell low, but he's having a blast.
others buy low sell high and live miserably
the real question is do you like the car. if so, buy it.
trakcar may buy high sell low, but he's having a blast.
others buy low sell high and live miserably
#36
Excellent thread. I've been one of the common DE drivers holding a car a few years and then moving onward. The .2 RS is the first to have me reconsider this strategy. Others have correctly pointed out the capabilities, fun factor, and pedigree which truly make this car special.
I am now of the mindset that while I may opt for an eventual 991 RS, the .2 RS will stay regardless even if it's just an occasional track toy/ collector item. I wonder how many current owners are thinking the same thing?
I am now of the mindset that while I may opt for an eventual 991 RS, the .2 RS will stay regardless even if it's just an occasional track toy/ collector item. I wonder how many current owners are thinking the same thing?
#37
1) 997 is the last Mezger, last manual, last realiable GT3 (?) If the 991 GT3RS will be there in 2 years..why does Porsche wait so long? It maybe tells yo how confident they are about the new one, as the 9A1 engine is not made for slicks..they need first to wait from feedback from "practical 991 GT3 racing"
2) The new one will have no proven track history (az least the basic 991 Gt3), from what I heard from people working at Porsche here in Germany, the new 991 GT3 will not able to match the 997 GT3 in terms of reliability. Besides, many people first want to see the thing "deserving its reputation"..before ordering. As the 991 will also be considerably more expensive..997 GT3s will always be at even around 100K (for a normal 3.8 997) a bargain. The new one will be 50K more..will it be so much faster?
I would even go that far saying that in 5 years, normal 991 GT3s (used ones) will be worth less than second hand 997 GT3RS. Here in Germany 991 loose 30K € after 5000Km (!) (look at 993 turbo vs 996 turbo)
PS: I admire you guys in the US, you realized that 997 GT3 (RS) are something special..and therefore prices went up agian. In Germany the market is currently flooded with 991s...much more supply than demand. The GT3 997 is however not sufferiung so much from it as the quantities are limited. However, demand is also not so high either..here we cannot speak about a price hike - in the US you can see it.
We will see what happens...
#38
Interesting thread as I just purchased a 4900 mile, non tracked .2 RS a month ago. I was going to hold out for the new 991 GT3, but to me the GT3 RS captures the essence of what Porsche is/was all about. It is raw, visceral, noisy...very mechanical...you can feel the shakes and shudders of that awesome Mezger engine through your bones. It is such an engaging car.
As far as value I made an incredible deal and have been offerred $12K over my purchase price already. Not going to happen though. The RS IMHO is a special car, last of the Mezger engine, an aspirational vehicle, relatively devoid of electronic nannies (as compared with the 991's) and is the pinnacle of the 997platform. I believe it will have legs from a collectors standpoint, or at least hold it's value better than most. That's not why I bought it though. It is an absolute joy to drive, streeet or track, and I've got a long way to go before I'll get even close exploring it's potential. I'm looking forward to the journey.
As far as value I made an incredible deal and have been offerred $12K over my purchase price already. Not going to happen though. The RS IMHO is a special car, last of the Mezger engine, an aspirational vehicle, relatively devoid of electronic nannies (as compared with the 991's) and is the pinnacle of the 997platform. I believe it will have legs from a collectors standpoint, or at least hold it's value better than most. That's not why I bought it though. It is an absolute joy to drive, streeet or track, and I've got a long way to go before I'll get even close exploring it's potential. I'm looking forward to the journey.
#39
Rennlist Member
Nothing. Wrong with a 3.8RS, but I'd always have a wandering eye to the 4.0. Kinda wish they would not have built it. But they did.
I'm going for owning the highest mileage, most tracked, lowest valued 4.0.
Still to be proven but the motor seems pretty bullit proof.
Perhaps it will devaluation to the point that it will be pointless to trade it for a new sexy faster 991.2RS and I will be stuck with the 4.0 long after the 6 year 100k warranty runs out. Tragedy.
Regear, headers, remap, full suspension 4.0 will have to hold its own against the might GTR and 991 GT3's but ill suffer through it.
I'm going for owning the highest mileage, most tracked, lowest valued 4.0.
Still to be proven but the motor seems pretty bullit proof.
Perhaps it will devaluation to the point that it will be pointless to trade it for a new sexy faster 991.2RS and I will be stuck with the 4.0 long after the 6 year 100k warranty runs out. Tragedy.
Regear, headers, remap, full suspension 4.0 will have to hold its own against the might GTR and 991 GT3's but ill suffer through it.
#40
dont try to predict pricing curve. if you can do that well, then forget RS, just start pricing stocks and you will be able to own AAPL GOOG, the company not just their stocks.
the real question is do you like the car. if so, buy it.
trakcar may buy high sell low, but he's having a blast.
others buy low sell high and live miserably
the real question is do you like the car. if so, buy it.
trakcar may buy high sell low, but he's having a blast.
others buy low sell high and live miserably
#41
Race Director
Ahh, I know the mindset of this crowd.....as soon as most (not all) of you have to start giving point by's to 991S and 991GT3's there will be some 997 cars for sale. ;-)
#42
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
^ the key is realizing 7 is good and worth keeping. flig it today preserve it later. then lease a 991rs blow the doors off 7rs. then repeat. but keep the 7
#44
Burning Brakes
#45
Back when the 997.1 gt3 rs came out there was a lot of talk how the premium was worth it, the values would hold, collectors car , etc. everything changed when the .2 rolled in.
This will continue -- the supply is not small enough for continual price increase, and technology is evolving extremely quickly.
This will continue -- the supply is not small enough for continual price increase, and technology is evolving extremely quickly.