997 GT3 price bubble bursting?
12-08-2015, 12:24 PM
#32
Rennlist Member
Thread Starter
Last year, Almost all of the advanced drivers were in a 997. This year, many of the same folks didn't even show up if they still had the car, Some switched to 991, and some sold and picked something cheaper to track.
The ridiculous prices for track oriented 997 GT3 is basically making them an unsuitable track car!
12-08-2015, 12:27 PM
#33
Drifting
Nope. Not true at all. The same season last year it was full of 997 GT3/RS. So you think All of those just disappeared?!
Last year, Almost all of the advanced drivers were in a 997. This year, many of the same folks didn't even show up if they still had the car, Some switched to 991, and some sold and picked something cheaper to track.
The ridiculous prices for track oriented 997 GT3 is basically making them an unsuitable track car!
Last year, Almost all of the advanced drivers were in a 997. This year, many of the same folks didn't even show up if they still had the car, Some switched to 991, and some sold and picked something cheaper to track.
The ridiculous prices for track oriented 997 GT3 is basically making them an unsuitable track car!
12-08-2015, 01:36 PM
#34
Rennlist Member
You forgot to add "IMHO" everything is relative.
Nope. Not true at all. The same season last year it was full of 997 GT3/RS. So you think All of those just disappeared?!
Last year, Almost all of the advanced drivers were in a 997. This year, many of the same folks didn't even show up if they still had the car, Some switched to 991, and some sold and picked something cheaper to track.
The ridiculous prices for track oriented 997 GT3 is basically making them an unsuitable track car!
Last year, Almost all of the advanced drivers were in a 997. This year, many of the same folks didn't even show up if they still had the car, Some switched to 991, and some sold and picked something cheaper to track.
The ridiculous prices for track oriented 997 GT3 is basically making them an unsuitable track car!
12-08-2015, 02:18 PM
#35
Rennlist Member
Thread Starter
I guess, however, it's more of a fact. Even instructors mentioned that no one is tracking their 997 GT3 due to price hikes.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
12-08-2015, 03:24 PM
#36
Rennlist Member
May I ask why you are so concerned about GT3 pricing, track attendance, and operating cost? Are you here just to ruffle feathers 
I guess, however, it's more of a fact. Even instructors mentioned that no one is tracking their 997 GT3 due to price hikes.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
12-08-2015, 03:33 PM
#37
Rennlist Member
Thread Starter
but then this bubble has made them crazy unaffordable. Problem is that it was always an enthusiast's car, used for tracking and DEs, but now it's more of a collectable and used as garage queens instead.
12-08-2015, 03:36 PM
#38
Rennlist Member
Interesting thread. Let's for argument sake cars are trading 5-10% below recent market value going into winter. Does anyone seriously consider that a "bubble bursting"?
Given the addition of a GT4 to the garage, my GT3 will likely see fewer miles and fewer track days in the future. It's not getting bubble wrapped but i have a newer, better (warrantied) tool for the job. The 997 GT3 is and always will be special. Most that sell either regret it or buy another...and another. That being the case, the cars will always hold their value reasonably well.
For me, to call a pricing trends a "bubble bursting", prices would have to drop 15-20%. Just my $.02
Given the addition of a GT4 to the garage, my GT3 will likely see fewer miles and fewer track days in the future. It's not getting bubble wrapped but i have a newer, better (warrantied) tool for the job. The 997 GT3 is and always will be special. Most that sell either regret it or buy another...and another. That being the case, the cars will always hold their value reasonably well.
For me, to call a pricing trends a "bubble bursting", prices would have to drop 15-20%. Just my $.02
12-08-2015, 03:41 PM
#39
Pro
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I think it might be pretty natural, primordial, instinctive, for males to keep an eye on the valuation of their possessions, their chariot, their villa, their sword, their galley, their coin or stamp collection. No man wants to see whatever they cherish or enjoy decrease in value. Not that the owner necessarily intends or plans to make a profit on their "stuff", indeed, for many of us, there are things we own we will never sell, no matter what.
For me, I like to think that some of my firearms will gradually increase in value, even though I have been gradually giving them away to my kids. Same for our GT3. I get a sense of satisfaction, pride even, to imagine that it is not depreciating much if any, unlike just about every vehicle out on the road.
Maybe this is why one of the most common threads, most common references on this forum, is an opinion or hope that our special Porsche's, which ever one, is "holding its own."
So I understand these sorts of posts, and am just fine with reading them.
In a few hours, will put my new H&K VP9 in my gun bag, drop in a hundred of my just loaded up 124 grain 9mm rounds, and head over to a nearby gun store, where our weekly IDPA evening range practice runs. In our white GT3, of course.
and all the best....
NV
For me, I like to think that some of my firearms will gradually increase in value, even though I have been gradually giving them away to my kids. Same for our GT3. I get a sense of satisfaction, pride even, to imagine that it is not depreciating much if any, unlike just about every vehicle out on the road.
Maybe this is why one of the most common threads, most common references on this forum, is an opinion or hope that our special Porsche's, which ever one, is "holding its own."
So I understand these sorts of posts, and am just fine with reading them.
In a few hours, will put my new H&K VP9 in my gun bag, drop in a hundred of my just loaded up 124 grain 9mm rounds, and head over to a nearby gun store, where our weekly IDPA evening range practice runs. In our white GT3, of course.
and all the best....
NV
12-08-2015, 03:45 PM
#40
Rennlist Member
Thread Starter
Interesting thread. Let's for argument sake cars are trading 5-10% below recent market value going into winter. Does anyone seriously consider that a "bubble bursting"?
Given the addition of a GT4 to the garage, my GT3 will likely see fewer miles and fewer track days in the future. It's not getting bubble wrapped but i have a newer, better (warrantied) tool for the job. The 997 GT3 is and always will be special. Most that sell either regret it or buy another...and another. That being the case, the cars will always hold their value reasonably well.
For me, to call a pricing trends a "bubble bursting", prices would have to drop 15-20%. Just my $.02
Given the addition of a GT4 to the garage, my GT3 will likely see fewer miles and fewer track days in the future. It's not getting bubble wrapped but i have a newer, better (warrantied) tool for the job. The 997 GT3 is and always will be special. Most that sell either regret it or buy another...and another. That being the case, the cars will always hold their value reasonably well.
For me, to call a pricing trends a "bubble bursting", prices would have to drop 15-20%. Just my $.02
The other significant change is that, as you mentioned about GT4, 997 GT3 usage has changed from track duties to garage duties not to be used as often for the main purpose it was built for.
Last edited by alexb76; 12-08-2015 at 04:03 PM.
12-08-2015, 04:33 PM
#41
I guess, however, it's more of a fact. Even instructors mentioned that no one is tracking their 997 GT3 due to price hikes.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
Last 2 events I went to, there was ZERO 997 GT3s attending, only one instructor GT3 was there, yet there were 5-6 991 GT3. Go back exactly one year, and we have easily a dozen or more of GT3s participating at any event.
12-08-2015, 04:36 PM
#42
GT3 player par excellence
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while
while the thread is going on
I have bought two gt4 two gt3 one 991rs and one 4.0
and sold half of them after looking at them
for a while. u can all keep
discussing meanwhile I'm going to
drive and have fun
while the thread is going on
I have bought two gt4 two gt3 one 991rs and one 4.0
and sold half of them after looking at them
for a while. u can all keep
discussing meanwhile I'm going to
drive and have fun
12-08-2015, 04:41 PM
#43
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
u cannot track
bubble. if u
can then u should
spend the talent on NYSE Nasdaq bc
u will
make more
there
remember the lower priced car are
always lower for a
reason. the truly good cars do not drop in value
now if fed rate is 30% and Econ tanked we are in the second great depression sure piece will drop. but then most ppl
will not be able to afford
hem
even if they dropped 50%
bubble. if u
can then u should
spend the talent on NYSE Nasdaq bc
u will
make more
there
remember the lower priced car are
always lower for a
reason. the truly good cars do not drop in value
now if fed rate is 30% and Econ tanked we are in the second great depression sure piece will drop. but then most ppl
will not be able to afford
hem
even if they dropped 50%
12-08-2015, 04:47 PM
#44
Rennlist Member
What he's trying to say is speculation on cars isn't worth your time
The difference between an "average" gt3 at 80 and a "good" gt3 at 90 is easily soaked up by a trip to dealer for a service and a set of tires
If 10k moves the needle on your buying decision the care and feeding of this car isn't for you
The difference between an "average" gt3 at 80 and a "good" gt3 at 90 is easily soaked up by a trip to dealer for a service and a set of tires
If 10k moves the needle on your buying decision the care and feeding of this car isn't for you
12-08-2015, 05:41 PM
#45
Nordschleife Master
