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value decrease 997Gt3

 
Old 11-04-2013, 03:16 PM
  #61  
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Yeah, the 4.0's scarcity and insane pricing is definitely pulling up the 3.8's with it (even 997.1's).

Crazy times. Madness, I tell you. Madness!
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Old 11-04-2013, 03:46 PM
  #62  
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Originally Posted by GreenLantern View Post
Yeah, the 4.0's scarcity and insane pricing is definitely pulling up the 3.8's with it (even 997.1's).

Crazy times. Madness, I tell you. Madness!
And 996GT3 and RSA's even.
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Old 11-04-2013, 03:51 PM
  #63  
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Originally Posted by Porsche.collector View Post
Hi Guys,

Just wanted to get your ideas on the current situation. A few days ago I looked for 3 min at autotrader..and I saw that some 3.8RS are now offered for more than 150k, normal 3.8s for mostly around 110-115.

I would rather speak of an minimal price increase..or? Of course, I know that asking price is not sold price..but still.

Its clear that the 4.0 is a different animal and should not be part of our discussion, but it seems that even the "cheap workers 3.8 " is moving a bit up..or at least staying at its level a few month ago..

Any thoughts? feedback from real "sold" prices..?
the correction will come once the 991s begin getting delivered (IMHO)
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Old 11-04-2013, 04:30 PM
  #64  
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Originally Posted by Porsche.collector View Post
Hi Guys,

Just wanted to get your ideas on the current situation. A few days ago I looked for 3 min at autotrader..and I saw that some 3.8RS are now offered for more than 150k, normal 3.8s for mostly around 110-115.

I would rather speak of an minimal price increase..or? Of course, I know that asking price is not sold price..but still.

Its clear that the 4.0 is a different animal and should not be part of our discussion, but it seems that even the "cheap workers 3.8 " is moving a bit up..or at least staying at its level a few month ago..

Any thoughts? feedback from real "sold" prices..?
Prices for 997.2 RS are going up and it says something that it's happening as northern hemisphere driving season winds down.

Fed pumping money, scarcity of used cars, and issues 991 GT3 (development delays, non-motorsport pedigree, automatic-only) are all contributing.

The only two issues I see as real imminent risk to valuations are Fed pulling the punchbowl (unlikely) and Porsche doing an about-face on auto-only in 991 GT3.
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Old 11-04-2013, 07:32 PM
  #65  
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Originally Posted by Nizer View Post
Fed pumping money, scarcity of used cars, and issues 991 GT3 (development delays, non-motorsport pedigree, automatic-only) are all contributing.
This for sure. But primarily because there are no 'enthusiast' models in the range at this point; in 2010-11 there were special cars from the mid-$60k price point for the Spyder on up to the 4.0 and GT2RS at the high end. Once this void is filled in the coming years, I predict 997GT3 prices will settle back down across the board (including the 4.0 - anybody remember when the 997GT3.1 RS was touching $200k?).
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Old 11-05-2013, 03:05 AM
  #66  
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Autogallery price of CPO GT3.. wowzers

http://www.theautogalleryporsche.com...elections=true
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Old 11-05-2013, 12:09 PM
  #67  
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I'll throw my $0.02 in since I just wired the money for a 2007 GT3RS with 14k on the clock yesterday.

My original plan was to wait until the 997.1 RS got down to $80k/$85k and then pick one up. Two or three years ago that was a pretty conservative plan as $90k seemed to be the going rate and everyone was dumping them for 3.8s and 4.0s. Imagine my surprise when the prices started going up! In the end I decided that there were probably too many people with the same plan as me (seems to be a new WTB ad every week) and that if I waited I would probably face some stiff competition for whatever cars came up for sale (example: the silver/black 997.1 RS that sold in a couple of hours a few Saturdays ago). In the end I paid more than I wanted to, but I plan on keeping this car for the long term so even if prices go down once the 991 is out I imagine they will creep back up over the long term...especially for a nice orange one like my new pumpkin.

And for what it is worth, cars are out there. I simply changed my signature to say I was looking and within two hours was contacted by a Rennlister who had one in his collection which he wasn't using. I figured it would take a very long time to find one...guess I got lucky!
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Old 11-05-2013, 02:00 PM
  #68  
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I jumped into my "high mileage", super clean, meticulously maintained, very minimal track time, original, 0 options, "27k miles!!! OMG THE CAR HAS BEEN USED UP!!!!" .1RS earlier this year right as prices were making the turn for what I felt great price for the exact car (and seller) I wanted, with a plan to get on the track and enjoy the socal canyons, and am driving the hell out of it. I've had a lot of fun learning about it, modding it, making it lighter, louder, sharper, learning from this forum, and it's worth every penny of depreciation I'm putting on it.

If I return to stock and get what I paid (CA taxes SUCK) at some time in the future, bonus. If not, the depreciation is still WAY less than a new car of pretty much any make. The smiles are priceless!
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Old 11-05-2013, 02:01 PM
  #69  
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Originally Posted by 993Brendan View Post
I'll throw my $0.02 in since I just wired the money for a 2007 GT3RS with 14k on the clock yesterday.

My original plan was to wait until the 997.1 RS got down to $80k/$85k and then pick one up. Two or three years ago that was a pretty conservative plan as $90k seemed to be the going rate and everyone was dumping them for 3.8s and 4.0s. Imagine my surprise when the prices started going up! In the end I decided that there were probably too many people with the same plan as me (seems to be a new WTB ad every week) and that if I waited I would probably face some stiff competition for whatever cars came up for sale (example: the silver/black 997.1 RS that sold in a couple of hours a few Saturdays ago). In the end I paid more than I wanted to, but I plan on keeping this car for the long term so even if prices go down once the 991 is out I imagine they will creep back up over the long term...especially for a nice orange one like my new pumpkin.

And for what it is worth, cars are out there. I simply changed my signature to say I was looking and within two hours was contacted by a Rennlister who had one in his collection which he wasn't using. I figured it would take a very long time to find one...guess I got lucky!
thanks for your feedback and congratulations on your new car. Otherwise, I fully agree with you. With regards to the 991 being out there: the question is whether many of the current owners - who still have a 997 GT variant, or who just bought one, are willing to dump their cars in masses on the market in 1-2 years. I would doubt that. There will always be a healthy demand for these..maybe demand will even go up a bit...for me it all depends on how many cars will be put on sale. For those who wanted to change now - they already sold their 997 GT3.

Lets see and to all the others - thanks for your thoughts..RL is great
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Old 11-05-2013, 03:18 PM
  #70  
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Originally Posted by kormaster View Post
Autogallery price of CPO GT3.. wowzers

http://www.theautogalleryporsche.com...elections=true
Wow. I bought my car from them few months back (May) and they are definitely asking way more that what they were asking for my car. And my car just had 2700 miles at that time.
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Old 11-06-2013, 03:46 AM
  #71  
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Originally Posted by pissedpuppy View Post
the correction will come once the 991s begin getting delivered (IMHO)
4.0 price will level off, above msrp.
the rest will all drop a tad. but not very much (outliers excepted)
991gt3 is SIGNIFICANTLY more money and 991RS is way way more money in terms of delta vs. gt3, unlike prior history. many multiple RS owners are planning not to take delivery and buying up more 7.2RS's.
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Old 11-06-2013, 08:07 AM
  #72  
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It's a little like the 993 to 996 again. Many 993 owners were not interested in water cooled. Many more 996 built then 993s. Porsche AG can build many more 991 GT3s if they choose to - not using a Motorsport engine. The 991 GT3 will be a very quick car - but there are other attributes to consider as well.
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Old 11-06-2013, 08:56 AM
  #73  
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because racecar is pushing up the 7s a lot

if the new motorsports block due in 2015 is based on the 9a1 991gt3 engine, i would expect 7 prices to come down

if not, it will always have the "last motorsports gt3" flag to wave and that will help prices

but more than anything, its the lack of supply on the market. once 991gt3's start trickling in, and especially when they hit the 2nd hand market, the 7's will drop.

Porsche is playing a dangerous game with their new car pricing.
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Old 11-06-2013, 09:02 AM
  #74  
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Originally Posted by mooty View Post
4.0 price will level off, above msrp.
the rest will all drop a tad. but not very much (outliers excepted)
991gt3 is SIGNIFICANTLY more money and 991RS is way way more money in terms of delta vs. gt3, unlike prior history. many multiple RS owners are planning not to take delivery and buying up more 7.2RS's.
I agree. Price delta is significantly higher. Yes 997 will drop in price naturally (just like any aging cars) but look at the prices of 996 now. Near 10 year old car, bulletproof, no electronics to fail, nearing 60k avg selling price and still capable fun DE car in the right hands.

How were the prices of 996 gt cars when 997 came out? Although that is not apple to Apple generation price change comparison.. I just wanted a guage...
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Old 11-06-2013, 01:13 PM
  #75  
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^ u should sell your cheater car and buy a 996gt3, then we can really go toe to toe.
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