GT3 prices next few years?

[verticalflight]

Seems like a low mileage 991.1 GT3 is going for $140k-$150k right now (2015/2016).

With the 991.2 models coming out, and all the RS folks upgrading, how much do we expect depreciation on these 991.1 GT3's to be?

Say if a 2010 GT3 is $100k-$110k, does that mean that a 991.1 GT3 will be selling for $100k-$110k in about 5 years? Or less?

[G450X]

Check a thread entitled "04 GT3 prices" dated 4-5-17, in this same forum for a brief insight from several members concerning various 996/997 GT3 values. You asked for opinions, and we know how they differ...

I think if the 991.2 GT3 offers a manual transmission, it will slightly decrease the resale value of the 997.1 & .2 GT3's for at least a few years and to a lesser extent the 996 version. I feel that in the long term, say around 5 + years, 996 & 997's prices will rebound and slowly increase in value as people realize the outstanding overall performance & feel the 996 & 997 GT3's offer (and a really good 6 speed manual).

Both 996 & 997 GT3's feature the magnificent Mezger flat 6 engine, hydraulic steering with outstanding feel, and what most drivers describe as a more connected linear chassis feel compared to a 991, which has been described as offering more overall performance but less tactile feedback.

The 996 GT3 has been described by many drivers as very raw & visceral, without driver aids and slightly less weight vs a 997. Many people disdain the 996 looks, but the driving experience seems to win many drivers over. I feel a hardcore group of enthusiasts will always value the 996 GT3's and that their controversial looks will become insignificant to most prospective buyers in the years to come.

The 997.1 version has a SR and normal lug rims whereas the .2 version had no SR and center lock rims. The .2 version has been generally regarded as having better chassis setup and it has slightly more power. I also recall a 997.2 GT3 owner once saying he could not find a nice 997.1 so he "settled" for a .2 (he wanted a SR). Some drivers have offered that they liked the slightly "nervous" feeling of the .1 vs the .2, and some say they prefer the updates and chassis feel of the .2. I think there will be buyers for each version. I want a .2, but I don't want the center lock rims. I could be happy with a .1, but I don't care for a SR. I don't think I can get past the 996's looks.

Time will tell, I want to snag a 997.2 GT3 in a few years. I hope my timing is good enough to nab one before a value spike. If I had access to the funds, as soon as a nice one became available for under $100k, I would buy it. I doubt they will go much lower than $100k - if they even go that low. Sorry for being long winded, I really want one of these fantastic machines...

[specialtyoneinc]

Nice driver 991.1 GT3's shouldn't go much under $100k in 5 years. It really depends how the engines hold up since I know the 2014's have had some serious issues already.

[ZombieBranz]

Originally Posted by G450X

Check a thread entitled "04 GT3 prices" dated 4-5-17, in this same forum for a brief insight from several members concerning various 996/997 GT3 values. You asked for opinions, and we know how they differ...

I think if the 991.2 GT3 offers a manual transmission, it will slightly decrease the resale value of the 997.1 & .2 GT3's for at least a few years and to a lesser extent the 996 version. I feel that in the long term, say around 5 + years, 996 & 997's prices will rebound and slowly increase in value as people realize the outstanding overall performance & feel the 996 & 997 GT3's offer (and a really good 6 speed manual).

Both 996 & 997 GT3's feature the magnificent Mezger flat 6 engine, hydraulic steering with outstanding feel, and what most drivers describe as a more connected linear chassis feel compared to a 991, which has been described as offering more overall performance but less tactile feedback.

The 996 GT3 has been described by many drivers as very raw & visceral, without driver aids and slightly less weight vs a 997. Many people disdain the 996 looks, but the driving experience seems to win many drivers over. I feel a hardcore group of enthusiasts will always value the 996 GT3's and that their controversial looks will become insignificant to most prospective buyers in the years to come.

The 997.1 version has a SR and normal lug rims whereas the .2 version had no SR and center lock rims. The .2 version has been generally regarded as having better chassis setup and it has slightly more power. I also recall a 997.2 GT3 owner once saying he could not find a nice 997.1 so he "settled" for a .2 (he wanted a SR). Some drivers have offered that they liked the slightly "nervous" feeling of the .1 vs the .2, and some say they prefer the updates and chassis feel of the .2. I think there will be buyers for each version. I want a .2, but I don't want the center lock rims. I could be happy with a .1, but I don't care for a SR. I don't think I can get past the 996's looks.

Time will tell, I want to snag a 997.2 GT3 in a few years. I hope my timing is good enough to nab one before a value spike. If I had access to the funds, as soon as a nice one became available for under $100k, I would buy it. I doubt they will go much lower than $100k - if they even go that low. Sorry for being long winded, I really want one of these fantastic machines...

Well I hope prices come down enough for you to grab one! It was a tough decision for me to drop that much coin on a car but I've not regretted it in the least.

The production numbers are fairly low IMO. They made 916 US model 997.1 GT3. And then around 657 US model 997.2 GT3. Those are the regular, non RS car.

They are now 10 years old....I don't think there is much downside depreciation but only time will tell!

[mooty]

short of econ disaster i dont see 991.1 gt3 drop below 100.
it's price will be held up by .2gt3 after initial drop.
a new minimally optined 991.2gt3 = 160.
160 vs 100 is a noticeable difference.
so many will take the .1 due to price. and that may drive the price up a bit.

i used to buy 10,000 mile 996gt3 for 55000 (that's a while ago), now a 10,000 6gt3 is 85000-90000 easily. they increaes in price of 6gt3 isn't b/c ppl noticed it's hardcore all of a sudden. it's bc the later cars cost more.

4.0 was 20k more than 3.8RS, a bargain.
then 4.0 reached 500k
ppl start buying 3.8RS which i sold for 130k sub 10k miles
crowds flocked to 3.8RS driving price to 200k today
then priced out buyers move to 997.1 RS then down to 6gt3....
with demand increasing for lower priced GT3, the price firms up.

[speedster911]

Mooty- good to see you on PP as opposed to RL. Stocking air cooled now are we??

[mooty]

^ only have 2, so can't say stockpiling YET?

[speedster911]

Only 2???... we need to work on that!!!

[Elombard]

i have heard reference to engine problems in the 991 GT3, I know they recalled all of them early on, but I think this is different. I searched half heartedly....can any body point me to a thread with the data or post a summary here?

I have seen a few folks complaining that the 991 GT3 does not have a "motorsports" based motor or a manual shift. That combined with the motor issues mentioned above...

makes me wonder if the 991 GT3 wotn do like the 996 (non GT3) did with 993 and 964 and duck under the value of 997.2 GT3 and maybe even 997.1 GT3 in a few years?

[mooty]

i would roughly estimate 90% of 2014 GT3 had engine replacement.
some 2015 adn even a few 2016 had engine replaced
mostly due to oiling or potentially oiling issues.
in the short term their 991.1GT3 may drop drop price of 997RS, but who knows what happens in 10 more years. look at 964, you cannot give that thing away for 15 years. now they cost more than comparable 993.

[jackb911]

All I can say is that I'm ecstatic that I was able to get my 997.1 GT3 when I did a few years ago. It's my 22nd Porsche since my first one 45 years ago and it is an epic Porsche in every respect. These cars require an enthusiast who appreciates a hardcore, relatively rare true sports car. It has very stiff suspension, a very heavy clutch and, as has been mentioned previously, a REAL Motorsports-derived engine that is pretty much bulletproof and screams like a banshee in the upper RPM ranges. The 996 and 997 GT3's are the real deal and because of their relative rawness, aren't every Porsche owner's cup of tea.

IMO it is conceivable that the 997-era GT3's - especially the RS versions that were outside my budget - just might be the "1973 Carrera RS" of the future due to their uniqueness and relative rarity. Outside of SoCal or the Bay Area, how often do you encounter one?

I could care less about it's future value. I almost sold it last year and ended up relieved that a pair of "sure thing" deals imploded. This one is likely my forever keeper....unless an affordable RS materializes!

[IMG][/IMG]

[kinetic125]

Originally Posted by G450X

The 997.1 version has a SR and normal lug rims whereas the .2 version had no SR and center lock rims. The .2 version has been generally regarded as having better chassis setup and it has slightly more power. I also recall a 997.2 GT3 owner once saying he could not find a nice 997.1 so he "settled" for a .2 (he wanted a SR). Some drivers have offered that they liked the slightly "nervous" feeling of the .1 vs the .2, and some say they prefer the updates and chassis feel of the .2. I think there will be buyers for each version. I want a .2, but I don't want the center lock rims. I could be happy with a .1, but I don't care for a SR. I don't think I can get past the 996's looks.

Excuse my newb question, but what is "SR"?

[manbridge 74]

Sunroof.

[kinetic125]

Originally Posted by manbridge 74

Sunroof.

Oh, duh, my bad, I was thinking something performance related...

Thank you Manbridge74

[specialtyoneinc]

Originally Posted by pmax

Is there any other reason to own one than to track it ?

Yes. They are the most fun/raw cars to drive in the Porsche line up...street or track. The 991 GT3's are fairly comfortable around town and easy to drive with the PDK. Lots of people actually daily them in Los Angeles.

[Matt Monson]

It's a racecar for the street.