997 GT3/RS Overpriced?? Is anyone actually paying the premium?
05-17-2014, 07:30 AM
#47
prices are what people are willing to pay
lack of 991 gt3 / delayed 991 gt3RS has certainly helped keep supplies down
market is also very bullish. the "last manual" is resonating well with a lot of people.
Also, 997 is very, very different to 991. 991 is a modern, digital car. 997 is a Cup with furniture and a H-pattern.
I sold my 997. I like high prices when I'm selling.
lack of 991 gt3 / delayed 991 gt3RS has certainly helped keep supplies down
market is also very bullish. the "last manual" is resonating well with a lot of people.
Also, 997 is very, very different to 991. 991 is a modern, digital car. 997 is a Cup with furniture and a H-pattern.
I sold my 997. I like high prices when I'm selling.
05-17-2014, 12:12 PM
#48
05-18-2014, 07:56 AM
#50
Quote:
Originally Posted by maomao911 View Post
I think the GT3RS will stay at the current price level nominally for awhile, not $160k of course, but $135 to $145k until the next crash, it will go down a bit, but then it will come back stronger as a true classic. The non-RS GT3s will all be under $100k cars in due time.
Disagree...direct correlations between RS and GT3's. Mileage and condition will trump all factors, ultimately.
Originally Posted by maomao911 View Post
I think the GT3RS will stay at the current price level nominally for awhile, not $160k of course, but $135 to $145k until the next crash, it will go down a bit, but then it will come back stronger as a true classic. The non-RS GT3s will all be under $100k cars in due time.
Disagree...direct correlations between RS and GT3's. Mileage and condition will trump all factors, ultimately.
Would expect that Porsche will produce and sell as many 991 RSs as they do base C2s. There's no difference in production time with the 991 variants. With the 997 - only so many Mezger engines could be built - very time intensive.
05-18-2014, 11:10 AM
#52
Rennlist Member
if u want picky and like virgins then rs is 160-200 car. I personally paid that range recently.
if u will take white blue gray with any options And a few track days an rs is a 135-140 car. I arranged two such cars just recent one as recent as this Monday.
there are different rs's. I made many connections fir buyer sellers. there ate real buyers and real sellers willing buyers and willing sellers. then there are whiners (not u, just in general)...
a blue rs is 200
a white rs is not 200
most cars are 140-145
my is 135 incredibly cln but not for he faint of heart.
if u can describe clearly what type of RS u want I can give u a definitely price on that RS
btw mkt is higher than last yr
I sold my 8000 mile rs at 125
bought 15000 mile rs this yr at 135
my first 40 was MSRP 189
my second was used and paid 260
before it went crazy
and many gt nuts I know are frantically buyin them up. three guys here in Bay Area each have 4 7.2 rs in addition to 4,0. another jut recently added 6gt, 7.2rs to his 7.1rs
now is time to buy and keep them
if u will take white blue gray with any options And a few track days an rs is a 135-140 car. I arranged two such cars just recent one as recent as this Monday.
there are different rs's. I made many connections fir buyer sellers. there ate real buyers and real sellers willing buyers and willing sellers. then there are whiners (not u, just in general)...
a blue rs is 200
a white rs is not 200
most cars are 140-145
my is 135 incredibly cln but not for he faint of heart.
if u can describe clearly what type of RS u want I can give u a definitely price on that RS
btw mkt is higher than last yr
I sold my 8000 mile rs at 125
bought 15000 mile rs this yr at 135
my first 40 was MSRP 189
my second was used and paid 260
before it went crazy
and many gt nuts I know are frantically buyin them up. three guys here in Bay Area each have 4 7.2 rs in addition to 4,0. another jut recently added 6gt, 7.2rs to his 7.1rs
now is time to buy and keep them
05-18-2014, 11:45 AM
#54
Nordschleife Master
05-18-2014, 12:37 PM
#55
Rennlist Member
Quit acting like these are investments. If you're a collector, then the ups and downs of the market are probably only a small consideration. If you're going to drive it, buy it and drive it and don't worry about what it's going to trade for in the future. No one knows!
05-18-2014, 01:25 PM
#56
Burning Brakes
I agree with drive it and forget about the values.
My opinion though, as sweet as an rs is, the premium (on a % basis) over a standard car makes the decision much less attractive.
I got my mk1 gt3 and I love it.
My opinion though, as sweet as an rs is, the premium (on a % basis) over a standard car makes the decision much less attractive.
I got my mk1 gt3 and I love it.
05-18-2014, 01:27 PM
#57
Instructor
Join Date: May 2013
Posts: 146
Likes: 0
Received 0 Likes
on
0 Posts
Well, they have become investments. They are appreciating. Perhaps vintage top level cars have become their own asset classes.
Like ALL investments they could lose value. Such is the way.
I read the other day that vintage/ collector Porsches/ classic cars have been better investments over the last 36 months vs the stock market. IIRC cars appreciated more than 30% while the market was around 15%.
After attending Monterey events for the last many years I can clearly see there has been a shift over the last 60 months. The nature of the owners is changing especially the highest end cars. They are buying to appreciate and enjoy AND because they see them as investments.
Like ALL investments they could lose value. Such is the way.
I read the other day that vintage/ collector Porsches/ classic cars have been better investments over the last 36 months vs the stock market. IIRC cars appreciated more than 30% while the market was around 15%.
After attending Monterey events for the last many years I can clearly see there has been a shift over the last 60 months. The nature of the owners is changing especially the highest end cars. They are buying to appreciate and enjoy AND because they see them as investments.
05-18-2014, 05:12 PM
#59
Rennlist Member
Bubbles don't qualify as "investment appreciation." For my investments, I want them to appreciate naturally and organically.
I worry about the impending drop. I hope there isn't one. But I do want our collectibles to appreciate organically such that they maintain that appreciation.
I do hope for a soft landing, though.
I worry about the impending drop. I hope there isn't one. But I do want our collectibles to appreciate organically such that they maintain that appreciation.
I do hope for a soft landing, though.
05-18-2014, 05:14 PM
#60
Rennlist Member
