Notices

Any comments? 2018 GT3 from Faraz

Thread Tools
 
Search this Thread
 
Old 07-31-2023, 11:15 PM
  #16  
pcar10
AutoX
Thread Starter
 
pcar10's Avatar
 
Join Date: Jun 2016
Posts: 11
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by ohturtle
Looked at this car last year. Original ask was 248K, significant price drop in a span of a year.
what made you pass on it?
Old 08-02-2023, 12:59 PM
  #17  
ohturtle
7th Gear
 
ohturtle's Avatar
 
Join Date: Apr 2023
Posts: 7
Received 1 Like on 1 Post
Default

Originally Posted by pcar10
what made you pass on it?
Market prices. Felt prices would continue to drop and it did. Now is probably a good time not sure how much lower these can go.
Old 08-02-2023, 08:44 PM
  #18  
Turbodan
Rennlist Member
 
Turbodan's Avatar
 
Join Date: Jun 2006
Location: Toronto Canada eh!
Posts: 11,397
Received 521 Likes on 390 Posts
Default

Originally Posted by ohturtle
Market prices. Felt prices would continue to drop and it did. Now is probably a good time not sure how much lower these can go.
serious? this is still way above msrp for a 5 year old car, no warranty and interest rates climbing....
if you feel that way why aren't you buying?
Old 08-02-2023, 10:48 PM
  #19  
ohturtle
7th Gear
 
ohturtle's Avatar
 
Join Date: Apr 2023
Posts: 7
Received 1 Like on 1 Post
Default

Originally Posted by Turbodan
serious? this is still way above msrp for a 5 year old car, no warranty and interest rates climbing....
if you feel that way why aren't you buying?
I picked up a 997 GT3 instead.

Many may not agree but if interest rates affect your financial stability then you should not be in the market for a sports car. In the states, pricing on the 991.2 GT3 is also holding strong at 165+USD which is equivalent to 220+ CAD. Obviously most cars will naturally decrease in value over the years so I don't look at this as an investment but rather an entry point to a car where I won't lose as much during my ownership. Could this be worth 170 in 3 years? Sure, but that's just cost of ownership like any car out there. Even so, I don't foresee that happening.

At the peak of last year the 991.2 GT3 hit 300k in Canada. Anyone who bought would have lost 100k in one year. Those are the mistakes everyone should try to avoid. I don't see this dropping below 170 anytime soon so I'd be comfortable buying now if I hadn't bought the 997.
Old 08-03-2023, 12:01 AM
  #20  
Turbodan
Rennlist Member
 
Turbodan's Avatar
 
Join Date: Jun 2006
Location: Toronto Canada eh!
Posts: 11,397
Received 521 Likes on 390 Posts
Default

I didnt realize the price is down to 198.

I think the 997 gt3 is a great car and more rare than the 991s. Fun car to drive on track and pretty durable. Nice move. Anyone who bought a 991.2 gt3 at 300k is either really rich and the $ loss doesn't matter or too stupid but I don't think a lot changed hands at those prices.
Old 08-03-2023, 11:16 PM
  #21  
sm7400
Intermediate
 
sm7400's Avatar
 
Join Date: Feb 2021
Location: Toronto, Ontario
Posts: 42
Received 6 Likes on 6 Posts
Default

And then there is the person that paid 400K for a 992.1 GT3 a little over a year ago, too. Yikes.
Old Today, 09:41 AM
  #22  
PoorPorscheMan
Advanced
 
PoorPorscheMan's Avatar
 
Join Date: Jan 2024
Posts: 81
Received 27 Likes on 20 Posts
Default

Originally Posted by pcar10
Thanks for the feedback everyone. The dealer provided the carfax but was unable to comment about service records, repaints etc.
classic faraz lol

I wanted to buy a huracan off of them and they "didn't know" what the damage was on the car fax for a car they were selling for almost 300

I wouldn't trust them personally
Old Today, 09:44 AM
  #23  
PoorPorscheMan
Advanced
 
PoorPorscheMan's Avatar
 
Join Date: Jan 2024
Posts: 81
Received 27 Likes on 20 Posts
Default

I called Lamborghini and got the story for the huracan as well, they said it had heavy body while off loading from the truck

If I was able to get that info Im certain the dealer knew and with held
Old Today, 10:36 AM
  #24  
CamsPorsche
Rennlist Member
 
CamsPorsche's Avatar
 
Join Date: Apr 2009
Location: Toronto, ON
Posts: 4,435
Received 534 Likes on 231 Posts
Default

PPI a must especially a Quebec car...
Old Today, 01:41 PM
  #25  
xBlueStreakx
Intermediate
 
xBlueStreakx's Avatar
 
Join Date: Mar 2019
Posts: 37
Received 7 Likes on 6 Posts
Default

It seems like the same GT3 was relisted at Faraz this July. Just shy of one year after OP started thread.

https://www.autotrader.ca/a/porsche/...%203G7&sprx=-1

Last edited by xBlueStreakx; Today at 01:43 PM.
The following users liked this post:
Risky_Business (Today)
Old Today, 03:42 PM
  #26  
Jamie140
Nordschleife Master
 
Jamie140's Avatar
 
Join Date: Sep 2003
Location: Barrie/Marco Island, fl.
Posts: 6,303
Received 777 Likes on 359 Posts
Default

Originally Posted by pcar10
Thanks for the feedback everyone. The dealer provided the carfax but was unable to comment about service records, repaints etc.




If the seller can't comment on repaint that means it has paintwork. Don't buy a headache.
Old Today, 05:27 PM
  #27  
red996
Rennlist Member
 
red996's Avatar
 
Join Date: Apr 2005
Location: Traffic Court
Posts: 798
Received 89 Likes on 64 Posts
Default

Originally Posted by pcar10
Thanks for the feedback everyone. The dealer provided the carfax but was unable to comment about service records, repaints etc.




Definitely run your own Carfax. Verify the Vin from the windshield and drivers door area. Get them to sent you pictures of the V #'s. Bet they won't send you pictures though. Too much work for them....



Quick Reply: Any comments? 2018 GT3 from Faraz



All times are GMT -3. The time now is 07:22 PM.