ryem3

Year: 2016
Make: Porsche
Model: Cayman
Cont. Porsche Models: Cayman GT4
Mileage (numbers only please): 6340
Options (Please check ALL which apply): Airbags, Air Conditioning, Alarm System, Antilock Brakes, Foglamps, Intermittent Wipers, Leather Seats, Power Brakes, Traction Control
Color: Sapphire blue
VIN: WP0AC2A81GK192359
Price (no $ sign please): $94000
Private or Dealer Listing: Private Listing
Location (Region): NorCal
Body Style: Coupe
Transmission Type: Manual - 6 speed
2 or 4 Wheel Drive?: 2 Wheel Drive
Engine Type: Fuel Injection
Stereo System: AM-FM Stereo

Should be happy you got out in December; it will be softer in Feb. I wonder if this is symbolic of the real market for manual cars. I think it's always going to be a challenging market for a great car, but one that has very limited purpose and appeal.
IF you could get a GT4 at sticker, which you certainly couldn't a few years ago. As the OP noted, he paid well over MSRP. Cost of ownership forward from $93k? Remains to be seen. Probably very high if Porsche actually drops the GT3 motor into these cars. GT4 values will plummet.

sapman

tareemaa

I think what he meant was the current GT4 prices will tank if the 718 GT4 has the flat 4.0 and a manual, I 100% agree with that, in fact I wouldn't be surprised to see prices hit the 80k mark once the 718 GT4 is officially announced. As for the GT4 market cooling off, I think its because the 991.2 GT3 has a manual, I can imaging a lot of people went for the GT4 for the 6MT. I think manual trans are starting to make a comeback and the hype of dual clutches is cooling down a bit. I SAID A BIT (before everyone goes nuts and starts talking about how many still spec their cars with PDK, fast shift times, blah blah blah)

9elheven

I respectfully disagree with ryem3 that GT4 prices will plummet if Porsche drops the GT3 engine into the 718 GT4. As sampan noted, the 718 GT4 with a GT3 engine, "necessarily" detuned to 420-430 hp or so, will have a correspondingly higher MSRP. 981 GT4 prices will continue to depreciate somewhat, but, since the GT4 is a fantastic street and track car, it will continue to command a large percentage of its MSRP, as successor cars move upmarket in price. Sure, there has been erosion in 981 GT4 prices, as miles have been put on, winter had arrived, and successor vehicles herald the "next big thing." But, this is still an aspirational vehicle and, I believe, prices will not depreciate commensurate with lesser vehicles. I "forecast" that there will be more demand in Spring 2018 for used 981 GT4s and a firming up of prices, especially if news leaks out of Porsche that the successor vehicle will sell in the $100-110k range, with options pushing a higher price into the $115-130k range.

I think the OP has a great car at a great price, and some savvy buyer will get a great car and a good value.

9elheven

^^^^ Er, the buyer got a great car and a great value.

Kg11

I would expect the GT4 to settle somewhere in the 997.2 range of MSRP. 75% or so of MSRP used seems like a good bet. I don't see them dropping below 75-80k, considering other manual GT cars are more expensive. The 997.2 GT3 trades around somewhere in that 75% range used. I agree with the above: if the buyer here got it for 95% of MSRP and the car levels out at 75% a few years from now, he did well. It isn't often that one is able to drive a car like this that depreciates less than $5,000/year. It won't depreciate like a typical Cayman and be worth 1/2 of MSRP when 5 years old.

That being said, anyone who purchased a GT4 thinking it was "limited production" in order to flip and profit isn't going to be happy. I, for one, would much rather own a 997.2 GT3 at the $100k price point. It may only be marginally faster at the track, but it is a more special car. I saw one at a PCA event last weekend: the presence of that car alone says something the GT4 doesn't. I am glad I am not one of those people making $60k/year that took out leases to buy a GT4 that I could barely afford to make payments on, in the hope it would be worth more in 3 years.

Five12Free

Porsch2018

HelpMeHelpU

As a GT4 owner, obviously I would like the GT4 market to be very high, but I am also a realist. I have also been an astute follower of that market since early fall of 2015 (when I bought my first two). The most surprising thing about the GT4 market is how unstable it appears and the degree to which it fluctuates. Lately it seems that low milage, average spec. (ave. MSRP was just under $100k for all GT4s delivered in NA) cars trade around MSRP, give or take a few grand. In general, GT4s with higher MSRPs are likely to trade below MSRP, unless it's a PTS car, in which case premiums of $10k - $15k are not uncommon. I have seen many well-spec'd GT4s sit unsold at what appear to be very attractive prices, i.e. around MSRP, so I surely wouldn't pay a lot more today. But, if you find the perfect spec car for you, it just might be worth more premium, because they are truly great cars.

Porsch2018

Kg11

I would buy one here. You have a decent selection if you are patient, and you certainly won't be paying over MSRP. Prices seem to be in the sub $5k under MSRP or lower. Plus, you help someone out by getting them out of their car for a lot less than a dealer offer (which will be $10k under). It won't be hard to find a build similar or better than the one you are referencing.

981 Spyder prices are trending downward as well. It certainly is a good time to be a buyer for one of these cars.

HelpMeHelpU

Personally, I wouldn't buy a GT4 without the Extended Range Fuel Tank, which was a no-cost option. I am guessing the person who built your reference GT4 just overlooked adding it. Post the MSRP or VIN and we can provide better insight. The car you reference is a fairly basic build, and should be bought now at not more than MSRP, IMO.

Porsch2018

Porsch2018

Porsch2018