Better to sell my 997.1 GT3 this year or next year?
05-04-2017, 11:56 PM
#32
8th Gear
Join Date: Feb 2006
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I am selling my 2010 GT3 997.2 right now for a similar reason as you OP. It will fund my kids last year in college and then some. One kid through. Last one to go. Once the college hemorrhaging has stopped, I will buy back in... but I will certainly miss the Mezger at full song, and that steering feel with the old hydraulic system.
05-05-2017, 11:40 AM
#35
Rennlist Member
100k will get mine. 33k odo CF buckets E88's, no track, no overruns, no paintwork.
05-05-2017, 11:41 AM
#36
Lets keep it simple. Sell when everyone is buying. Buy when everyone is selling.
Today everyone is buying. Who knows what tomorrow will bring but this is a good time to sell.
911s, the stock market, real estate etc.... most of it is inflated today because the world is printing money and keeping interest rates low. As long as the world govs use reverse economics then we will see reverse things happening. Like 997 GT3 RSs costing 200k (not normal), stocks selling at 20 PEs with slow predicted future growth (not normal) etc... LOL
Today everyone is buying. Who knows what tomorrow will bring but this is a good time to sell.
911s, the stock market, real estate etc.... most of it is inflated today because the world is printing money and keeping interest rates low. As long as the world govs use reverse economics then we will see reverse things happening. Like 997 GT3 RSs costing 200k (not normal), stocks selling at 20 PEs with slow predicted future growth (not normal) etc... LOL
05-05-2017, 12:24 PM
#37
Originally Posted by Fritz Flynn
Lets keep it simple. Sell when everyone is buying. Buy when everyone is selling.
Today everyone is buying. Who knows what tomorrow will bring but this is a good time to sell.
911s, the stock market, real estate etc.... most of it is inflated today because the world is printing money and keeping interest rates low. As long as the world govs use reverse economics then we will see reverse things happening. Like 997 GT3 RSs costing 200k (not normal), stocks selling at 20 PEs with slow predicted future growth (not normal) etc... LOL
Today everyone is buying. Who knows what tomorrow will bring but this is a good time to sell.
911s, the stock market, real estate etc.... most of it is inflated today because the world is printing money and keeping interest rates low. As long as the world govs use reverse economics then we will see reverse things happening. Like 997 GT3 RSs costing 200k (not normal), stocks selling at 20 PEs with slow predicted future growth (not normal) etc... LOL
What school did you go to? Must have been the same as me.
05-05-2017, 12:58 PM
#38
Rennlist Member
^^Only problem with your arguments are that 997 GT3 RS production numbers are insanely low I think somewhere around 328 NA cars total ? I would need to check on 997 GT3 production numbers. Take into consideration how many have been lost to track accidents or became full time track rats and the market gets scary small for clean cars. Talking the 997 GT3/RS owners into selling now because of economic uncertainty is an interesting strategy. If your looking for a steal get a 991 GT3 in a year but hoping the economy will collapse causing all 997 GT3/RS owners to liquidate and flood the market is laughable at best.
Lastly Porsche drivers are in search of a great driving experience and they are willing to pay bundles for it. There is no logic to why guys are paying half a million for a 911R when they can get essentially the same car for $220k in the 991 RS. Most will argue the Mezger motors are second to none and the 997 GT cars are a true drivers car and deliver an incredible driving experience. Match this with low production numbers, incredible build quality and they will always be pulling in a serious premium.
I may be biased if you look at my avatar
Lastly Porsche drivers are in search of a great driving experience and they are willing to pay bundles for it. There is no logic to why guys are paying half a million for a 911R when they can get essentially the same car for $220k in the 991 RS. Most will argue the Mezger motors are second to none and the 997 GT cars are a true drivers car and deliver an incredible driving experience. Match this with low production numbers, incredible build quality and they will always be pulling in a serious premium.
I may be biased if you look at my avatar
05-05-2017, 02:55 PM
#39
Originally Posted by Sleepy996
^^Only problem with your arguments are that 997 GT3 RS production numbers are insanely low I think somewhere around 328 NA cars total ? I would need to check on 997 GT3 production numbers. Take into consideration how many have been lost to track accidents or became full time track rats and the market gets scary small for clean cars. Talking the 997 GT3/RS owners into selling now because of economic uncertainty is an interesting strategy. If your looking for a steal get a 991 GT3 in a year but hoping the economy will collapse causing all 997 GT3/RS owners to liquidate and flood the market is laughable at best.
Lastly Porsche drivers are in search of a great driving experience and they are willing to pay bundles for it. There is no logic to why guys are paying half a million for a 911R when they can get essentially the same car for $220k in the 991 RS. Most will argue the Mezger motors are second to none and the 997 GT cars are a true drivers car and deliver an incredible driving experience. Match this with low production numbers, incredible build quality and they will always be pulling in a serious premium.
I may be biased if you look at my avatar
Lastly Porsche drivers are in search of a great driving experience and they are willing to pay bundles for it. There is no logic to why guys are paying half a million for a 911R when they can get essentially the same car for $220k in the 991 RS. Most will argue the Mezger motors are second to none and the 997 GT cars are a true drivers car and deliver an incredible driving experience. Match this with low production numbers, incredible build quality and they will always be pulling in a serious premium.
I may be biased if you look at my avatar
Not sure what you mean by 328cars for NA?
05-05-2017, 03:03 PM
#40
Rennlist Member
^ Sorry I was off I think the number of 997 RS vechicles built for North America was 413. Below is a break down.
2007 USA: 230 total = 50 black, 25 silver, 90 orange, 25 green, 40 white
2008 USA: 93 total = 19 black, 5 silver, 32 orange, 18 green, 19 white
USA: 323 total = 69 black, 30 silver, 122 orange, 43 green, 59 white 323 of 413 = 78%
2007 USA: 230 total = 50 black, 25 silver, 90 orange, 25 green, 40 white
2008 USA: 93 total = 19 black, 5 silver, 32 orange, 18 green, 19 white
USA: 323 total = 69 black, 30 silver, 122 orange, 43 green, 59 white 323 of 413 = 78%
05-05-2017, 04:15 PM
#43
The conversation always goes over to RS' ! LOL
From what I recall, and to my surprise, 997GT3 and 997GT3RS production numbers are pretty similar.
From what I recall, and to my surprise, 997GT3 and 997GT3RS production numbers are pretty similar.
