The 997 GT3/RS Cars For Sale Thread...
#7021
What was the issue with this one? It was bought, sold to another person then that second person sold it back to the dealer. I heard the PPI revealed some driver's side rear quarter issue?
https://www.isringhausen.com/Invento...ockNum/783074A
https://www.isringhausen.com/Invento...ockNum/783074A
#7023
Hi @Bxstr , I saw that post, just thought there might be more info about (the damage and paint work). A shame the PPI did not reveal that before the purchase?
https://rennlist.com/forums/997-gt2-...help-look.html
#7024
Rennlist Member
#7026
Rennlist Member
Car was on Autotrader by a private seller less than a week ago for $240k. It’s listing on PCA Mart is still up at $240k.
https://mart.pca.org/ads/46872
https://mart.pca.org/ads/46872
#7027
White/Red .2 RS with 11k miles. PCCB, full leather, and one year left of CPO. $155k original MSRP. Asking price is $170k.
https://rennlist.com/forums/market/1240002
VIN: WP0AC2A95BS783361
https://rennlist.com/forums/market/1240002
VIN: WP0AC2A95BS783361
#7028
Rennlist Member
It appears that 997.1 GT3RS prices in Germany are strong as well. 164,500 Euros = $195,802 USD
Nice looking, relatively low mile Pumpkin.... https://www.elferspot.com/en/car/por...rs-2007-24737/
Nice looking, relatively low mile Pumpkin.... https://www.elferspot.com/en/car/por...rs-2007-24737/
#7029
Burning Brakes
I am starting to think that I scored a pretty decent deal for my incoming black one with 20500km at 128k euros. Can't wait, another 2 weeks.
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#7030
Rennlist Member
#7031
#7032
Basic Sponsor
Rennlist
Site Sponsor
Rennlist
Site Sponsor
Wow. So much has happened in the last couple days. Thanks to all for the kind words.
Here's a quick GTvault special summary on the white RS in question (the BaT one, and to my knowledge the highest public sale for a non-green RS).
I did pick it up for a song on eBay last year, although it definitely appeared to be a scam. I believe $135k was the number. I took a risk (actually bought two RS from the same owner), and the car was not quite as described. We did some recon and sold it to a good client of ours. We recently got it back on trade, and amazingly enough, had a deposit on the car at $165k from a buyer who ended up passing as he was concerned about a couple of things that were related to the long-term storage, most notably some rodent nesting. We happily sent his deposit back, and proceeded to disassemble half the car making sure that no wiring was affected and removing any shred of nesting, along with spending about $7k in bringing the car up-to-date from a maintenance and condition perspective. During that downtime, the market exploded. I would like to say that it was a result of us buying up every possible GT3 RS out there, but to be honest, nearly every private seller ("enthusiast") became an opportunist and we had multiple owners turn down purchase offers, even after we agreed to pay their full asking price. Regardless, we re-listed the car at $200k and got one offer at $175k from a buyer who seemed not interested in the car at all because of the front bumper being repainted. We have a great relationship with BaT and decided to weed out the tire-kickers and see how it would do at the auction. Reserve was $185k, and we were obviously pleased with the end result. A dealer bought it but it is (allegedly) for their principal's private collection. Whether it is or not is immaterial, everyone was happy with the result. Well, not everybody. Obviously the market trend lately has made it difficult for buyers to get into their dream cars, but it has made current owners very happy. I'm at the wrong end of this equation in the housing market - we've been looking to upgrade our garage, I mean house, and it is impossible - cash has become worthless.
As happy as I am with the crazy profit on this particular car, I despise moving markets - it changes the buyer demographics from enthusiasts who recognize that cars cost money to own, and that is a trade-off for the enjoyment received, to speculators and collectors who only are buying for future value. It makes it very difficult to do transactions, as sellers no longer want today's value, but tomorrow's and then some. As with anything, there are winners and losers both in a rising and in a falling market. However, depreciation on cars is predictable, and predictable is good. Rapid appreciation is not - will that RS double in the next year or will the market tank? Who knows, but we'll all have an opinion, and in a year half of us will be right.
Here's a quick GTvault special summary on the white RS in question (the BaT one, and to my knowledge the highest public sale for a non-green RS).
I did pick it up for a song on eBay last year, although it definitely appeared to be a scam. I believe $135k was the number. I took a risk (actually bought two RS from the same owner), and the car was not quite as described. We did some recon and sold it to a good client of ours. We recently got it back on trade, and amazingly enough, had a deposit on the car at $165k from a buyer who ended up passing as he was concerned about a couple of things that were related to the long-term storage, most notably some rodent nesting. We happily sent his deposit back, and proceeded to disassemble half the car making sure that no wiring was affected and removing any shred of nesting, along with spending about $7k in bringing the car up-to-date from a maintenance and condition perspective. During that downtime, the market exploded. I would like to say that it was a result of us buying up every possible GT3 RS out there, but to be honest, nearly every private seller ("enthusiast") became an opportunist and we had multiple owners turn down purchase offers, even after we agreed to pay their full asking price. Regardless, we re-listed the car at $200k and got one offer at $175k from a buyer who seemed not interested in the car at all because of the front bumper being repainted. We have a great relationship with BaT and decided to weed out the tire-kickers and see how it would do at the auction. Reserve was $185k, and we were obviously pleased with the end result. A dealer bought it but it is (allegedly) for their principal's private collection. Whether it is or not is immaterial, everyone was happy with the result. Well, not everybody. Obviously the market trend lately has made it difficult for buyers to get into their dream cars, but it has made current owners very happy. I'm at the wrong end of this equation in the housing market - we've been looking to upgrade our garage, I mean house, and it is impossible - cash has become worthless.
As happy as I am with the crazy profit on this particular car, I despise moving markets - it changes the buyer demographics from enthusiasts who recognize that cars cost money to own, and that is a trade-off for the enjoyment received, to speculators and collectors who only are buying for future value. It makes it very difficult to do transactions, as sellers no longer want today's value, but tomorrow's and then some. As with anything, there are winners and losers both in a rising and in a falling market. However, depreciation on cars is predictable, and predictable is good. Rapid appreciation is not - will that RS double in the next year or will the market tank? Who knows, but we'll all have an opinion, and in a year half of us will be right.
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Last edited by switchcars; 03-16-2021 at 03:58 PM.
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#7033
Doug - thanks for sharing the higher level of transparency regarding the white RS. Shows why you're one of the good guys.
Joe
Joe
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