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Old 10-04-2009, 12:11 PM #1  
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Projected 2 year depreciation on 2010 Gt3?

What do you guys thing is projected depreciation for a 2010 GT3 with medium options? based on the 2007/08 drop before 997.2 I am thinking approx 10-15k, 5-7 per year for first few years. Sound right?

Please don't reposnd with the boilerplate: who cares, they are not investments, drive what you love, yadda yadda yaddaaa. I'm just looking for number and thoughts about the numbers.
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Old 10-04-2009, 12:17 PM #2  
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Based on less than 5k miles per year and in cherry condition with the right options (PADM for sure) I would guess more like $12k per year. I don't think much worse, but they could. I have a Nov. build on order so I am not painting a bad picture just being realistic.

Last edited by 911dev; 10-04-2009 at 12:26 PM.
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Old 10-04-2009, 12:22 PM #3  
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Edmunds guide TMV is pretty good for this stuff.
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Old 10-04-2009, 12:35 PM #4  
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I checked TMV before posting. No data for 2010's. 07's are listed at 5-7 per year. I think 12K is high, but possible. $100k selling price in two years for something with a $124K MSRP sounds possible... ?? Probably likely to be something between our estimates, though.
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Old 10-04-2009, 12:55 PM #5  
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Well, 2007's w/MSRP's of $114k are going for mid $80's to low $90's, some even less.
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Old 10-04-2009, 02:00 PM #6  
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that's partially due to the 2010's pushing thier price down...
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Old 10-04-2009, 02:07 PM #7  
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Originally Posted by DAVE W View Post
that's partially due to the 2010's pushing thier price down...
But that's always gonna happen isn't it? Next model=greener grass on the other side

Part of the reason for the depreciation itself. I do agree w you that 12000 may be a bit high
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Old 10-04-2009, 02:13 PM #8  
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Originally Posted by DAVE W View Post
that's partially due to the 2010's pushing thier price down...
Sure, however, 3-3 1/2 years from now the 991 gt3 will arrive, hence forcing the .2's prices down. The prices will likely begin to fall ahead of that in anticipation of the launch.

I hope it is less than $12k, probably more like $10k. Either way, gt3's appear -by historical standards- to have the best residuals of any of the 911 variants.

Last edited by 911dev; 10-04-2009 at 02:21 PM.
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Old 10-04-2009, 03:12 PM #9  
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Agreed...tnx.
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Old 10-04-2009, 08:25 PM #10  
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I think it is really a case of price support than a certain depreciation per year.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.

In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.

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Old 10-05-2009, 04:36 AM #11  
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Originally Posted by sprinty_rs4 View Post
I think it is really a case of price support than a certain depreciation per year.
Essentially it seems to be a question is anyone going to pay $100K for a used Porsche? The answer seems no. 997.1 Turbos, GT3s seem to sell well under $100K, Used 997 GT2s seem to not sell or are 50K+ off sticker. The GT3 RS had a serious dealer mark up.

In the current economic climate selling a Porsche in a cash poor climate is not going to be pretty.

The poor economy will not last, of course.

I do not believe that $100k is the threshold. I mean show me or any Porsche enthusiast a 997 GT2 in the low $100s and I run there or fly first class to buy it.

The under $100k gt3 sale prices just supports the approximate 10% per year depreciation rate. I would consider this especially good given the pooor climate.
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Old 10-05-2009, 08:18 AM #12  
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I basically paid 66 cents on the dollar. It was an 08 GT3 model, no stories.

Maybe its me but who isn't getting outrageous, once in a lifetime pricing on a used 911? Yes, its the economics, yes, it will get better, but no one is comfortable dropping $125K+ on any automobile especially when the resale of their current car is terrible.

A 997.1 GT2 isn't 100K yet but I'm seeing prices in the 150s right now...
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Old 10-05-2009, 08:59 AM #13  
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Originally Posted by DAVE W View Post
I checked TMV before posting. No data for 2010's. 07's are listed at 5-7 per year. I think 12K is high, but possible. $100k selling price in two years for something with a $124K MSRP sounds possible... ?? Probably likely to be something between our estimates, though.
Well, the only accurate answer is, no one knows, but your estimate sounds high. I recently bought an '05 GT3 with only 6K miles, showroom condition, and paid almost exactly 50% of its sticker. Of course it was 4 years old, but depreciation is a diminishing scale. Based on unknown factors, I would guess in the $80K-$90K range.
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Old 10-05-2009, 11:07 AM #14  
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Given their MSRP disparities, does anyone find it interesting that one can apparently get similar age and mileage 996 GT2's and 996 GT3's for nearly comparable amounts?
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Old 10-16-2009, 01:13 AM #15  
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997.1's held their value without depreciation for a long while, then they took the entire 12.5k/yr dump as soon as the 997.2's came out.

I was asking the same question when I was in your position, it is easy to hold on to the fantasy that they might not depreciate like other porsches.

http://www.6speedonline.com/forums/gt3-gt2-gt/92228-how-long-do-they-hold-their-value.html
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