The 997 GT3/RS Cars For Sale Thread...
12-09-2021, 04:15 PM
Rennlist Member
Let me explain something about "rebuilt" titles....
I worked in the automobile insurance industry for 33+ years, so I have a pretty good knowledge about how and why a rebuilt title is not always the horrible thing that purists and most regular buyers freak out over.
1.) Regarding "special" cars like a GT3, sometimes after a loss that was a non-major accident and the owner does not want the car back afterward, there are situations where the car is rendered a total loss when, in fact, it really isn't a "real" total loss. These are situations when the car could easily be repaired properly within its true market value parameters. But that will include replacement parts costs, sometimes not having a local body shop capable of properly repairing a six figure vehicle, or a shop who charges exorbitant repair amounts. And in some liability cases, the insurance carrier may feel that it financially disadvantageous to end up in an expensive lawsuit that otherwise could be avoided.
2.) Cars with some or significant crash damage - tracked cars in particular - may never show up on Carfax or AutoCheck - or with a rebuilt or salvage title - if the owner pays for the damage out-of-pocket to avoid having the insurance carrier (or the body shop) report the damage.
3.) And on the other hand, vehicles with minor, moderate or significant damage that is repaired at a proper body shop will usually end up with a Carfax and/or AutoCheck ding on the car's record, which will negatively effect the resale value of the vehicle.
A car like drolas Guards Red GT3 is definitely worth considering as a daily driver at a reasonable price point for a number reasons. All you have to do is read the option list, plus what he has done to the car. Watch his recent videos about bringing his GT3RS flood car back to life and you will likely be impressed regarding his love for Porsches and what he can do. As long as the buyer isn't a purist or buying for investment purposes, for the right buyer, his car makes a lot of sense. What is drolas GT3 worth? As is the case with every GT3 out there, it is worth what an informed serious buyer will pay for it. If the rebuilt title bothers you, look elsewhere!
My 2007 GT3 has 47K miles and also happens to have a "Carfax ding". I briefly put it up for sale a few years ago, but the unbelievable buyer nonsense I went through convinced me to keep it, for which there have been zero regrets.
I worked in the automobile insurance industry for 33+ years, so I have a pretty good knowledge about how and why a rebuilt title is not always the horrible thing that purists and most regular buyers freak out over.
1.) Regarding "special" cars like a GT3, sometimes after a loss that was a non-major accident and the owner does not want the car back afterward, there are situations where the car is rendered a total loss when, in fact, it really isn't a "real" total loss. These are situations when the car could easily be repaired properly within its true market value parameters. But that will include replacement parts costs, sometimes not having a local body shop capable of properly repairing a six figure vehicle, or a shop who charges exorbitant repair amounts. And in some liability cases, the insurance carrier may feel that it financially disadvantageous to end up in an expensive lawsuit that otherwise could be avoided.
2.) Cars with some or significant crash damage - tracked cars in particular - may never show up on Carfax or AutoCheck - or with a rebuilt or salvage title - if the owner pays for the damage out-of-pocket to avoid having the insurance carrier (or the body shop) report the damage.
3.) And on the other hand, vehicles with minor, moderate or significant damage that is repaired at a proper body shop will usually end up with a Carfax and/or AutoCheck ding on the car's record, which will negatively effect the resale value of the vehicle.
A car like drolas Guards Red GT3 is definitely worth considering as a daily driver at a reasonable price point for a number reasons. All you have to do is read the option list, plus what he has done to the car. Watch his recent videos about bringing his GT3RS flood car back to life and you will likely be impressed regarding his love for Porsches and what he can do. As long as the buyer isn't a purist or buying for investment purposes, for the right buyer, his car makes a lot of sense. What is drolas GT3 worth? As is the case with every GT3 out there, it is worth what an informed serious buyer will pay for it. If the rebuilt title bothers you, look elsewhere!
My 2007 GT3 has 47K miles and also happens to have a "Carfax ding". I briefly put it up for sale a few years ago, but the unbelievable buyer nonsense I went through convinced me to keep it, for which there have been zero regrets.
Last edited by jackb911; 12-09-2021 at 06:53 PM.
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12-09-2021, 04:24 PM
Rennlist Member
Very well said. ☝️
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jackb911 (12-09-2021)
12-09-2021, 04:28 PM
Rennlist Member
It would have been different if it was a Ferrari with a rebuilt title. The GT3 is a drivers car not a museum piece. Buy it and drive the hell out of it.
12-09-2021, 04:34 PM
Let me explain something about "rebuilt" titles....
I worked in the automobile insurance industry for 33+ years, so I have a pretty good knowledge about how and why a rebuilt title is not always the horrible thing that purists and most regular buyers freak out over.
1.) Regarding "special" cars like a GT3, sometimes after a loss that was a non-major accident and the owner does not want the car back afterward, there are situations where the car is rendered a total loss when, in fact, it really isn't a "real" total loss. These are situations when the car could easily be repaired properly within its true market value parameters. But that will include replacement parts costs, sometimes not having a local body shop capable of properly repairing a six figure vehicle, or a shop who charges exorbitant repair amounts. And in some liability cases, the insurance carrier may feel that it financially disadvantageous to end up in an expensive lawsuit that otherwise could be avoided.
2.) Cars with some or significant crash damage - tracked cars in particular - may never show up on Carfax or AutoCheck if the owner pays for the damage out-of-pocket to avoid having the insurance carrier (or the body shop) report the damage.
3.) And on the other hand, vehicles with minor, moderate or significant damage that is repaired at a proper body shop will usually end up with a Carfax and/or AutoCheck ding on the car's record, which will negatively effect the resale value of the vehicle.
A car like drolas Guards Red GT3 is definitely worth considering as a daily driver at a reasonable price point for a number reasons. All you have to do is read the option list, plus what he has done to the car. Watch his recent videos about bringing his GT3RS flood car back to life and you will likely be impressed regarding his love for Porsches and what he can do. As long as the buyer isn't a purist or buying for investment purposes, for the right buyer, his car makes a lot of sense. What is drolas GT3 worth? As is the case with every GT3 out there, it is worth what an informed serious buyer will pay for it. If the rebuilt title bothers you, look elsewhere!
My 2007 GT3 has 47K miles and also happens to have a "Carfax ding". I briefly put it up for sale a few years ago, but the unbelievable buyer nonsense I went through convinced me to keep it, for which there have been zero regrets.
I worked in the automobile insurance industry for 33+ years, so I have a pretty good knowledge about how and why a rebuilt title is not always the horrible thing that purists and most regular buyers freak out over.
1.) Regarding "special" cars like a GT3, sometimes after a loss that was a non-major accident and the owner does not want the car back afterward, there are situations where the car is rendered a total loss when, in fact, it really isn't a "real" total loss. These are situations when the car could easily be repaired properly within its true market value parameters. But that will include replacement parts costs, sometimes not having a local body shop capable of properly repairing a six figure vehicle, or a shop who charges exorbitant repair amounts. And in some liability cases, the insurance carrier may feel that it financially disadvantageous to end up in an expensive lawsuit that otherwise could be avoided.
2.) Cars with some or significant crash damage - tracked cars in particular - may never show up on Carfax or AutoCheck if the owner pays for the damage out-of-pocket to avoid having the insurance carrier (or the body shop) report the damage.
3.) And on the other hand, vehicles with minor, moderate or significant damage that is repaired at a proper body shop will usually end up with a Carfax and/or AutoCheck ding on the car's record, which will negatively effect the resale value of the vehicle.
A car like drolas Guards Red GT3 is definitely worth considering as a daily driver at a reasonable price point for a number reasons. All you have to do is read the option list, plus what he has done to the car. Watch his recent videos about bringing his GT3RS flood car back to life and you will likely be impressed regarding his love for Porsches and what he can do. As long as the buyer isn't a purist or buying for investment purposes, for the right buyer, his car makes a lot of sense. What is drolas GT3 worth? As is the case with every GT3 out there, it is worth what an informed serious buyer will pay for it. If the rebuilt title bothers you, look elsewhere!
My 2007 GT3 has 47K miles and also happens to have a "Carfax ding". I briefly put it up for sale a few years ago, but the unbelievable buyer nonsense I went through convinced me to keep it, for which there have been zero regrets.
12-09-2021, 04:42 PM
Rennlist Member
I don't think you can even get a 996 gt3 with stories for 80k.
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
The following 2 users liked this post by drola:
jackb911 (12-09-2021),
Robocop305 (12-09-2021)
12-09-2021, 05:19 PM
U should just keep it, drive it to 200k miles and get buried in it. that's my plan. Should be everyones plan frankly.
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Robocop305 (12-09-2021)
12-09-2021, 05:35 PM
Rennlist Member
I don't think you can even get a 996 gt3 with stories for 80k.
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
. But I get you'd like to recoup the $ you spent on the RS so may as well try.
Last edited by Wonderdan; 12-09-2021 at 05:46 PM.
The following users liked this post:
Robocop305 (12-09-2021)
12-09-2021, 05:55 PM
Rennlist Member
I don't think you can even get a 996 gt3 with stories for 80k.
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
I think I'm going to post for $105k. still 40k or so less than any other 997/3 out there and this takes into account the stories mine has. If it was a clean title car I'd post it for $135+ even with the miles. So deduct 20-25% which is usually the rule of thumb for rebuilt title cars and that puts me at 100-105 and I can negotiate from there.
Am I crazy? maybe.
But it is by far the cheapest 997/3 by a long shot and is 100% turnkey and ready to do whatever the next owner wants to do with it from daily driving to full out track days.
Thanks for the comments and suggestions. Really appreciate it.
Now I have to write up the sale post ....
The following users liked this post:
fijibubba (12-09-2021)
12-09-2021, 07:05 PM
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12-09-2021, 07:20 PM
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12-09-2021, 09:16 PM
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12-09-2021, 11:43 PM