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value decrease 997Gt3

 
Old 05-29-2013, 11:41 AM
  #16  
993Brendan
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I think this type of thread pops up about once a month. Seems like lots of 993 guys (myself included) are looking to get into 997 GT3s and RSs in the next year or so. I've been following the market for the last few years and I think that late this year/early next year will be the time to buy. I may be wrong, but in my opinion now is a bad time to buy as you will definitely pay top dollar in this market. I'm willing to pay top dollar to get exactly what I want, but I don't think prices are going to continue to rise after the 991 GT3 comes out so I'm content to wait for more inventory. You probably also need to consider the source- majority of the members on this thread own a 997 GT3 and have a vested interest in the value staying high. Same thing happens on the 993 board when SC and 964 owners start looking to upgrade. That said, there are several examples of 911s (RS Americas, 993 C2S and Turbo) that have defied the depreciation curve, so who knows what will actually happen. I do think the value of RSs at a minimum will rise down the road which makes it easier for me to lay down the cash necessary to get into one, but I don't think that is going to happen for several years.
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Old 05-29-2013, 04:06 PM
  #17  
Alan Smithee
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We are experiencing a bubble in the GT3 and RS market. The stock market and housing prices are back for most, and car loan rates are insanely low, so people want to buy cars. With no new 'hard core' 'enthusiast' Porsche models currently available, and no motivation for GT3 and RS owners to sell, supply is limited. So prices go up.

But, IMO, the seller's market is now, and not forever. Once the 991 GT3 proves to be an amazing street and track car, demand will shift to it. I predict that by this time next year, after the initial feeding frenzy of the 991 GT3 subsides, 997.2 GT3 and RS prices will drop below where they were previously - $90-115k, and follow the slow depreciation curve of the 997.1 models.
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Old 05-29-2013, 04:55 PM
  #18  
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Thanks guys! Excellent feedback!
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Old 05-30-2013, 11:45 AM
  #19  
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We are experiencing a bubble in the GT3 and RS market. The stock market and housing prices are back for most, and car loan rates are insanely low, so people want to buy cars. With no new 'hard core' 'enthusiast' Porsche models currently available, and no motivation for GT3 and RS owners to sell, supply is limited. So prices go up.

But, IMO, the seller's market is now, and not forever. Once the 991 GT3 proves to be an amazing street and track car, demand will shift to it. I predict that by this time next year, after the initial feeding frenzy of the 991 GT3 subsides, 997.2 GT3 and RS prices will drop below where they were previously - $90-115k, and follow the slow depreciation curve of the 997.1 models.
Agree 100%, if you buy now, esp. for a .2 I think you're paying too much. If you're selling now (again esp. .2) you're doing very well. FWIW I think .1s are currently a bit under value. And to be honest, if I had the $ to get in a 991 GT3 you better believe I would- clutch or not.
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Old 05-30-2013, 11:50 AM
  #20  
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Originally Posted by Leon993 View Post
Please answer honestly, and not all biased cause you own one:

With new GT3 about to be unvelied, will we see a value decrease of previous generation? Will soon be a good time to purchase a good 997 GT3 for a good price?
I don't own one.

Prices went up already

+$10k on GT3
+$25k on GT3 RS 3.8
+$50k on GT3 RS 4.0

Very low supply will help the prices to stay firm.

Buy Boxster, their prices are down.
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Old 05-30-2013, 01:09 PM
  #21  
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Originally Posted by NJ-GT View Post
I don't own one.

Prices went up already

+$10k on GT3
+$25k on GT3 RS 3.8
+$50k on GT3 RS 4.0

Very low supply will help the prices to stay firm.

Buy Boxster, their prices are down.
don't believe these are real prices. My mint .2 low mileage 3 was for sale for months. just sold for decent money but was a fluke. Sellers may be asking but most are not selling at these prices. 4.0 aside.

Last edited by 911dev; 05-30-2013 at 01:25 PM.
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Old 05-30-2013, 03:05 PM
  #22  
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Originally Posted by Randy M View Post
I would agree that the true market is not at the dealer asking prices you see but some do sell. There was a white GT3 at Barrier with very low miles, PCCB's etc that likely sold above $117K. IIRC the asking price was $119K and was gone within 4 days..
Its interesting how GT3 and air-cooled Porsche pricing often mimicks things like oil prices. Often it is the perception or the expectation of demand that temporarily makes bidders willing to pay up despite full knowledge that production is up and will be going up still more. Porsche will have no problem producing a 2 pedal GT3 with an engine that is not race-proven. Neither do most GT3 buyers require or really care as evidenced by the fact that more cars are sold the more is taken out of the driver's hands -- all while prices march higher and higher. If a GT3 buyer can swing $117k for a second hand track toy then they can surely swing $150k+ for one with a bunch of new go fast stuff that will make the average guy look like an over night Randy Probst. The 991 GT3 will hold value because it will be a while until production numbers go high. But it will not be far off from the time it took 997 GT3 to overtake 996 GT3. With a near ZIRP policy pushing folks into more expensive cars, and sooner, many casual GT3 owners will move into 991 GT3 especially when their current 997 GT3 can fetch such high prices. a perfect set of conditions for max 991 GT3 sales. If the new RS comes in stick stirrer then all RS bets are off. Porsche will have cleverly thrown everyone willing to spend over $100k for a track .toy a new bone. Some will object to the absurd pricing but absurd is the new normal for exclusive cars. The banks just had their best quarter in history, the S&P have 90%+ of its companies above their 200 day averages...its nothing but blue skies for the guy that doesn't look at the price column. The supply of GT3 is going up, perceptions of greater supply will eventually take hold , particularly if the dealers start pushing that to coax their regulars to cash in on high GT3 prices now. They don't mind the competition from used GT3 sellers for now that none of the 991 GT1 are on the road yet. But that will change soon.
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Old 05-30-2013, 05:37 PM
  #23  
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Originally Posted by 911dev View Post
don't believe these are real prices. My mint .2 low mileage 3 was for sale for months. just sold for decent money but was a fluke. Sellers may be asking but most are not selling at these prices. 4.0 aside.
Why do you say it was a fluke?
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Old 05-30-2013, 06:34 PM
  #24  
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I know of a clean low miles 3.8RS bought for $108k, and a clean 3.8GT3 bought for $92k (with PCCB), and a clean 4.0RS bought for $185k. This happened within the last 18 months, cars with less than 8000 miles, clean cars.

So, if the real prices today are lower, where are the cars? I can't find them.
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Old 05-30-2013, 07:33 PM
  #25  
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Clean low mile rs for 108? Must have been some speci situation cause that has never been normal market value.
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Old 05-30-2013, 07:34 PM
  #26  
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Someone would have to be in terrible debt to let those cars go for that cheap.
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Old 05-30-2013, 07:44 PM
  #27  
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My white 2010 GT3, 15K miles, buckets and CPO is for sale. I'm asking $98.5. Car is clean with MPSC. I'm in Marin County, CA. Just throwing a real numberout there to bring clarity to this discussion....
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Old 05-30-2013, 08:49 PM
  #28  
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Originally Posted by NJ-GT View Post
I know of a clean low miles 3.8RS bought for $108k, and a clean 3.8GT3 bought for $92k (with PCCB), and a clean 4.0RS bought for $185k. This happened within the last 18 months, cars with less than 8000 miles, clean cars.

So, if the real prices today are lower, where are the cars? I can't find them.
Outliers for certain. These aren't reality, if even real. RS is not $25k more in recent months nor is .2 GT3 $10k more. I can still buy <7k mile, cherry, non-track .2 2011s for less than $107k. Cars with > $130k MSRPs. These were not $97k a few months ago. Ditto RS. The $140-$145k RSs listed for sale are still listed. That said, the numbers I have listed are still strong seller numbers. Many go for less; further evidenced by people posting here.

I agree with others above, the current market is micro bubble. Grab the cash if it's offered if the desire is to sell. Mooty has posted real numbers countless times. I concur.

Dealer CPO RS <5k miles <$135k if you want it sold soon.

Dealer CPO .2 GT3 <5k miles <$107k if you want it sold soon.

There will always be an exception. The mistake is thinking it's me or you.
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Old 05-30-2013, 08:51 PM
  #29  
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Originally Posted by drl View Post
Clean low mile rs for 108? Must have been some speci situation cause that has never been normal market value.
Yes it was 110-115 for a low option car... 20 months ago.
I know for a fact.
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Old 05-30-2013, 09:04 PM
  #30  
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Originally Posted by Randy M View Post
Why do you say it was a fluke?
because the only offers I had on my 2010 white GT3, full leather, DEMs, SPP, BT,<7k miles, non-track, clear bra, no-story car were $100-$102k (one @ $102k) in a spring market post Geneva 991 gt3. Someone happened to want this car and was knowingly willing to pay much more than market to have it; hence fluke imo.
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