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997.2 GT3 prices?

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Old 03-18-2017, 03:39 PM
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ncgt3
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Default 997.2 GT3 prices?

Haven't been following the prices lately on 997.2 GT3s. Seem to be very few for sale. Seemed as if their value increased w/ the release of the 991 GT3 due to lack of manual. Now that news of the '18 GT3s having manuals is out, have the prices moved up or down?
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Old 03-18-2017, 04:49 PM
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They are worthless now.
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Old 03-18-2017, 04:58 PM
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They've been in the $100-125K range for the past 3 years depending on options, condition, and mileage. If anything, I've seen list prices inch up a bit, but that doesn't mean that actual selling prices have gone up.

With regards to the new GT3, where I see the market softening is not with 997s, but 991-1 GT3s. Those are the ones that will drop in price first. The way I see it is this:

996 GT3: $60-85K
997-1 GT3: $80-110K
997-2 GT3: $100-125K
991-1 GT3: $140-160K
991-2 GT3: MSRP $144K, decently optioned $160K out the door.

If you look at the above list there is a decent sized gap between the 997-2 and 991-1 cars. My hunch is that this gap will close quickly once 991-2 cars are readily available to order and drive off the lot. And Porsche most certainly will sell more of these cars than even the 991-1 version.
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Old 03-19-2017, 04:12 AM
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Agree with Ilko. 991.1 GT3 will take the biggest blow. And I believe the 991R will take a beating.

997.2 GT3 will prob stay the same for the time being, until we see how the 991.2 RSR block performs.

It will likely come down to demand in the 100-120k range. There are inherently more buyers that sit in this market vs the 150-200k market, where the 991.2 GT3 will probabaly sell for given the dealer mark up.

Have you noticed the 991.2 GT3 has attributes from the 997.2 GT3/RS car? Seems Porsche knows they hit a home run with that and are trying to grab that audience.
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Old 03-19-2017, 08:32 AM
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Originally Posted by ilko View Post
They've been in the $100-125K range for the past 3 years depending on options, condition, and mileage. If anything, I've seen list prices inch up a bit, but that doesn't mean that actual selling prices have gone up.

With regards to the new GT3, where I see the market softening is not with 997s, but 991-1 GT3s. Those are the ones that will drop in price first. The way I see it is this:

996 GT3: $60-85K
997-1 GT3: $80-110K
997-2 GT3: $100-125K
991-1 GT3: $140-160K
991-2 GT3: MSRP $144K, decently optioned $160K out the door.

If you look at the above list there is a decent sized gap between the 997-2 and 991-1 cars. My hunch is that this gap will close quickly once 991-2 cars are readily available to order and drive off the lot. And Porsche most certainly will sell more of these cars than even the 991-1 version.
Add into the equation 991s coming off warranty with the engine issues.
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Old 03-19-2017, 09:18 AM
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Well yeah, that's true. But that's more of a long term issue with the 991 engines. I believe the warranties won't begin to expire until 2019 or so...
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Old 03-19-2017, 01:24 PM
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Porsche needs to step up and make an announcement about the 991.1 engines. Those E and F engine cars will be a tough sell once close to end of warranty. With an extended coverage from Porsche I wouldn't mind buying one. Without, no chance I'll touch one.
997 Mezger engines are pretty much bullet prof. Get the coolant lines done and you have a car for life.
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