GT 4 vs 997 GT 3 same customer?
#166
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interesting to see that some dealers are taking deposits. i called the 3 nearest dealers to me and they all said they are just putting together an "interest list" since they have no idea what allocations they will get and they can't even enter an order in their system at this time.
#168
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#169
Great thread and discussion, I've been cross shopping a 997.1 GT3 vs. a Cayman GT4 for my first Porsche and weekend track toy. I'm not looking to be the fastest, just have a lot of fun.
Love the 997.1 GT3 because that car is just so special, oozing with character, truly collectable and a modern day classic. Nothing Porsche sells today has the nostalgia, cool factor and involvement w/ the Mezger engine, screaming 8.5k redline/hydraulic steering/6MT/5 lugs. Been hunting for one for a while but couldn't ultimately go for a $85k out of warranty car that still needed $15k for pinning the coolant pipes, Porsche LWB seats and rear cage to make it ready. With aftermarket warranty and tax I was looking at close to 110k for a 7 year old car.
The GT4 looks awesome but I am a bit disappointed in the detuned C2S engine and GTS gearing. My biggest gripe about the Cayman has always been the powertrain, its shortage of torque and below 8k redline. A 420hp 3.6-3.8L 8.5k redline with bespoke gearing would have been fantastic.
But then it would be a Cayman GT3, not a GT4 and priced at $110-120k.
Ultimately I've decided to go with the the GT4 and will be putting down a deposit. It has all the benefits of a new car including custom build and possibly European Delivery with a trip to the Nurburgring My build with only LWB seats and Sapphire Blue paint is 91k, add in tax and it's 100k out the door + whatever a roll cage will cost.
A 991 GT3 with only LWB seats, Sapphire Blue paint would be 150k out the door. Makes the GT4 a bit of a bargain I think.
And I can always put a down payment on a 997.1 GT3 down the road with the 50k saved when the bubble pops. Or a GT350 or M2 as a daily driver...
Love the 997.1 GT3 because that car is just so special, oozing with character, truly collectable and a modern day classic. Nothing Porsche sells today has the nostalgia, cool factor and involvement w/ the Mezger engine, screaming 8.5k redline/hydraulic steering/6MT/5 lugs. Been hunting for one for a while but couldn't ultimately go for a $85k out of warranty car that still needed $15k for pinning the coolant pipes, Porsche LWB seats and rear cage to make it ready. With aftermarket warranty and tax I was looking at close to 110k for a 7 year old car.
The GT4 looks awesome but I am a bit disappointed in the detuned C2S engine and GTS gearing. My biggest gripe about the Cayman has always been the powertrain, its shortage of torque and below 8k redline. A 420hp 3.6-3.8L 8.5k redline with bespoke gearing would have been fantastic.
But then it would be a Cayman GT3, not a GT4 and priced at $110-120k.
Ultimately I've decided to go with the the GT4 and will be putting down a deposit. It has all the benefits of a new car including custom build and possibly European Delivery with a trip to the Nurburgring My build with only LWB seats and Sapphire Blue paint is 91k, add in tax and it's 100k out the door + whatever a roll cage will cost.
A 991 GT3 with only LWB seats, Sapphire Blue paint would be 150k out the door. Makes the GT4 a bit of a bargain I think.
And I can always put a down payment on a 997.1 GT3 down the road with the 50k saved when the bubble pops. Or a GT350 or M2 as a daily driver...
#170
I'm not sure why people refer to the GT3 market as in a bubble. .1 and .2 prices have been as steady as they go. There's no bubble there. Don't forget the base 911 is $100k these days. A .1 GT3 at $85k or .2 at $110k is not a bubble. The RS models have gone up quite a bit but those cars have a collector following. Only the top cars with very low miles are demanding huge premiums. You can still get drivers for a decent price I think.
#171
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I'm not sure why people refer to the GT3 market as in a bubble. .1 and .2 prices have been as steady as they go. There's no bubble there. Don't forget the base 911 is $100k these days. A .1 GT3 at $85k or .2 at $110k is not a bubble. The RS models have gone up quite a bit but those cars have a collector following. Only the top cars with very low miles are demanding huge premiums. You can still get drivers for a decent price I think.
Then consider that a 7.1 and 7.2 C2S cost about half of the prices you gave for the 7.1 and 7.2 GT3. No way the GT3 should cost twice as much as the C2S, it's nowhere near enough additional car to justify a 100% markup (compare Cayman S and GT4, or 991 C2S and GT3).
And then consider that the 991 GT3 has sold well, and many have exchanged their 997 GT3 for one with no regrets.
I think it's a bubble, and I predict that it's going to gradually deflate (not suddenly pop) over the next year or two as the GT4 and 991 GT3 diffuse into the market and become increasingly sought after.
Last edited by Manifold; 02-06-2015 at 09:18 AM.
#172
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Read the post above yours and you'll see why the new supply of a Porsche GT car with manual will reduce demand for the 997 GT3.
Then consider that a 7.1 and 7.2 C2S cost about half of the prices you gave for the 7.1 and 7.2 GT3. No way the GT3 should cost twice as much as the C2S, it's nowhere near enough additional car to justify a 100% markup (compare Cayman S and GT4, or 991 C2S and GT3).
And then consider that the 991 GT3 has sold well, and many have exchanged their 997 GT3 for one with no regrets.
I think it's a bubble, and I predict that it's going to gradually deflate (not suddenly) pop over the next year or two as the GT4 and 991 GT3 diffuse into the market and become increasingly sought after.
Then consider that a 7.1 and 7.2 C2S cost about half of the prices you gave for the 7.1 and 7.2 GT3. No way the GT3 should cost twice as much as the C2S, it's nowhere near enough additional car to justify a 100% markup (compare Cayman S and GT4, or 991 C2S and GT3).
And then consider that the 991 GT3 has sold well, and many have exchanged their 997 GT3 for one with no regrets.
I think it's a bubble, and I predict that it's going to gradually deflate (not suddenly) pop over the next year or two as the GT4 and 991 GT3 diffuse into the market and become increasingly sought after.
#173
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I predict that 7.2 GT3 will drop to below $100K, as was the case before the bubble (let's not forget that 991 C2S is also a rival to 7.2 GT3, based on performance). But even at that price, I'd take a brand new GT4 with track warranty over the 7.2 GT3.
#174
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Somewhat, however, I think that the car simply requires a higher competency level to extract the maximum potential. GT3, which is lots of privateers, have moved toward cars which are easier to drive. Put the GT3-R in the hands of a pro, and it still grabs pole, and can win races.
#175
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I'm not sure why people refer to the GT3 market as in a bubble. .1 and .2 prices have been as steady as they go. There's no bubble there. Don't forget the base 911 is $100k these days. A .1 GT3 at $85k or .2 at $110k is not a bubble. The RS models have gone up quite a bit but those cars have a collector following. Only the top cars with very low miles are demanding huge premiums. You can still get drivers for a decent price I think.
It's supply and demand. More GT3's will sit, more will go up for sale, prices will ease down a bit, and every Cayman GT4 will sell. The moment people see the Cayman GT4 race car, then it gets it's "motorsport" credibility, and the mezger snobs will even concede at that point.
the word bubble may be a bit harsh, but we all know they were selling a bit high. I'm fine with that, and kudos to those who made some money, but that run is now over and some well deserved value is coming back into the marketplace. let the drivers drive.
#176
non RS .1's are about 10K overpriced, on average. .2 non RS, even more so. 2 years ago you could buy the same low mileage .1 GT3 for 75K, or less. I've been saying it for some time. The 991 GT3 was not the car that most 997 GT3's owners would lust after, hence why the market stayed propped up. Cayman GT4 is the spiritual successor to the analog GT3, so now people will pass on 7GT3's. It's supply and demand. More GT3's will sit, more will go up for sale, prices will ease down a bit, and every Cayman GT4 will sell. The moment people see the Cayman GT4 race car, then it gets it's "motorsport" credibility, and the mezger snobs will even concede at that point. the word bubble may be a bit harsh, but we all know they were selling a bit high. I'm fine with that, and kudos to those who made some money, but that run is now over and some well deserved value is coming back into the marketplace. let the drivers drive.
I think Porsche nailed it with the 1.3! Picked up a few "new" customers that didn't like to row gears as a DD. And made just enough to keep interest up. If the rumors are true about "limited" run of 600 gt4s in the first batch, then it's likely that 7.3.1 and 7.3.2 holds value! If they make gt4 easy accessible it might hurt 7.3s.
#177
I'm happy to be a closet GT4'er and simply buy one for my son. I'll live vicariously through him as I swap places on the track in my GT3, lovingly admiring the GT4 and the smile it puts on my sons face. A win\win with my son and my love of Porsche.
tim
tim
#178
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If history holds true there is a new market for around 1000 of each GT3 iteration. As was said before everybody who wants one will be able to get one. We also know that deposits or order lists and the actual number of buyers are vastly different.
Peter
Peter