The 997 GT3/RS Cars For Sale Thread...
#9301
Rennlist Member
Found car
Sent Money
Spent money
Drove it
Repeat 3 and 4 over and over.
Big shout out to Ron Barnaba. Stand up seller who went above and beyond to get this car into my hands. We had one hiccup which he quickly extinguished with brand new stuff. Crazy he spent that cash on it. Honor is alive and well in Batavia, Il. When I'm looking for another car, I'll be reaching out to him to see what's brewing.
Sent Money
Spent money
Drove it
Repeat 3 and 4 over and over.
Big shout out to Ron Barnaba. Stand up seller who went above and beyond to get this car into my hands. We had one hiccup which he quickly extinguished with brand new stuff. Crazy he spent that cash on it. Honor is alive and well in Batavia, Il. When I'm looking for another car, I'll be reaching out to him to see what's brewing.
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Robocop305 (07-30-2021)
#9303
Rennlist Member
#9304
The following 2 users liked this post by Booth9999:
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#9305
Yeah every time I sat down to have a beer and started looking at cars, my budget seemed to slowly get bigger.... Proceed with caution if you are doing that haha
The following 2 users liked this post by zshecht7792:
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Robocop305 (07-30-2021)
#9307
^problem is the amount of money required keeps going up, and for those of us trying to save the money to get there it feels like 1 step forward, 2 steps back. For the longest time it seemed $100k was a pretty healthy budget for exactly what I want. Now it seems I'll need $120-130k. The dream is getting further from reach and it's a bit discouraging some days. I don't need a perfect garage queen example. I just want to buy one to truly enjoy and put miles on.
The following 2 users liked this post by //steve\\:
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#9308
^problem is the amount of money required keeps going up, and for those of us trying to save the money to get there it feels like 1 step forward, 2 steps back. For the longest time it seemed $100k was a pretty healthy budget for exactly what I want. Now it seems I'll need $120-130k. The dream is getting further from reach and it's a bit discouraging some days. I don't need a perfect garage queen example. I just want to buy one to truly enjoy and put miles on.
The following 2 users liked this post by zshecht7792:
EMpunker (07-30-2021),
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#9309
Banned
prices skyrocketed during Covid and we could have another wave of increases due to the Delta Variant impact. My wife and I are canceling our anniversary trip next month because of all the cases that are coming up. My parents who are older aren't comfortable traveling from NJ with infections, regardless of vaccine on the rise so the kids don't have care while we would be gone.
Being at home and bored with $ leads to porsche buying.
Being at home and bored with $ leads to porsche buying.
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Robocop305 (07-30-2021)
#9310
I was in your shoes the past 8-12 months I know how you feel. A few others on here I know well were also going through it. I felt this was not sustainable but prices only seem to be going up from here. I am not sure when and if they will stabilize. Even if you have to reach a bit, now may be the time before they become completely out of reach. Worst case you overpay a bit now but if you keep it for 5 years, you may be breaking even or even coming out on top.
I'm glad to know I'm not alone although I didn't exactly think I was. It's just too much of a reach for where I am in life right now. If it was doable even as a little stretch I'd do it. I'll have to just wait and see where things end up in a year or two.
#9311
Rennlist Member
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zshecht7792 (07-30-2021)
#9312
When I'm in the place that I have the budget to actually seriously make a purchase I'll go down every road possible. I found and ultimately made the deal on my current M3 just by messaging the previous owner saying if you wanted to sell, name a price. We made a deal and the rest is history.
#9313
Burning Brakes
Yes, I feel the car market peaked in June. And prices are falling as I write this. The bubble will slowly deflate over the next 12 months. All these 991's over MSRP will be less than MSRP by mid-2022. And all the 992 GT3's may hold at MSRP or slightly above into 2023 as Porsche ramps up production from the chip shortage that is being resolved. The Feds and Banking system are currently sucking cash out of the system knowing they over-shot the mark with too much QE and gov't stimulus. Housing is slowing and job market is not that great; as companies cannot find workers and margins are being squeezed due to rising costs of ocean freight, fuel, labor, etc; as their price increases have reached a point of hurting demand. If one can be patient; there will be a normalized market coming again very soon. Now for 997 3/RS, I think they will pull back as well especially as new 992s start coming on line as buyers will have more options vs. now. For RS, Low miles examples will still be a premium but instead of $300k might be $225-250 in a year's time. mid and high mile examples will be back to $145-175k range by end of 2022. Collector-quality GT3 w/buckets might be $150-175k with mid-to-high miles ranging from below $100 to 120k, depending on .1 or .2, specs, etc. Unfortunately when prices are inflated, good cars hit the market as collectors like to sell high and when prices drops, the quality of inventory goes down as well until some sort of stabilization happens; but with 992 GT3 allocations ramping up into 2022, a lot of GT cars will be for sale to free up space for the new 992. So we might see even more inventory as well into 2022; and many good examples will be available at decent prices. This is my prediction. take if for what it's worth lolol.
Last edited by Laguna_Dude; 07-30-2021 at 04:07 PM.
The following 2 users liked this post by Laguna_Dude:
HpIzKing (07-31-2021),
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#9314
Rennlist Member
Yes, I feel the car market peaked in June. And prices are falling as I write this. The bubble will slowly deflate over the next 12 months. All these 991's over MSRP will be less than MSRP by mid-2022. And all the 992 GT3's may hold at MSRP or slightly above into 2023 as Porsche ramps up production from the chip shortage that is being resolved. The Feds and Banking system are currently sucking cash out of the system knowing they over-shot the mark with too much QE and gov't stimulus. Housing is slowing and job market is not that great; as companies cannot find workers and margins are being squeezed due to rising costs of ocean freight, fuel, labor, etc; as their price increases have reached a point of hurting demand. If one can be patient; there will be a normalized market coming again very soon. Now for 997 3/RS, I think they will pull back as well especially as new 992s start coming on line as buyers will have more options vs. now. For RS, Low miles examples will still be a premium but instead of $300k might be $225-250 in a year's time. mid and high mile examples will be back to $145-175k range by end of 2022. Collector-quality GT3 w/buckets might be $150-175k with mid-to-high miles ranging from below $100 to 120k, depending on .1 or .2, specs, etc. Unfortunately when prices are inflated, good cars hit the market as collectors like to sell high and when prices drops, the quality of inventory goes down as well until some sort of stabilization happens; but with 992 GT3 allocations ramping up into 2022, a lot of GT cars will be for sale to free up space for the new 992. So we might see even more inventory as well into 2022; and many good examples will be available at decent prices. This is my prediction. take if for what it's worth lolol.
On the other hand, I think the 991 GT3 market will CRASH. There are simply too many for sale and most are not moving. Look on autotrader or cars.com. There are over 50 listed for sale. Production numbers were magnitudes higher than for the 997 and I can see supply increasing as 991 owners are upgrading to the 992.
EDIT: There are currently 186 991 GT3s listed for sale on Autotrader. There are 10 997 GT3s listed. Almost 19 to 1.
Last edited by 8Lug; 07-30-2021 at 04:45 PM.
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Robocop305 (07-30-2021)
#9315
Same thing was said a year ago, and look where we are at. In theory the 992s will add more cars to the market. But it appears there’s more people that want a GT Porsche vs availability even after the new model drops. The only thing that will lower the prices on 997s is if there’s gonna be like 30+ examples for sale at one time. We don’t even have 10
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