997.2 vs 991 GT3 I know, I know...
#31
Well, the production run of 991 GT3s isn't over yet either. I can tell you from one of our local Porsche dealers perspective that they are frantic to get more clean pre-owned 997s, and demand remains very strong for them. The 991 variant has already begun its natural depreciation curve.
I don't a crystal ball...so these are just thoughtful comments, not fearless predictions.
I don't a crystal ball...so these are just thoughtful comments, not fearless predictions.
#33
Well, the production run of 991 GT3s isn't over yet either. I can tell you from one of our local Porsche dealers perspective that they are frantic to get more clean pre-owned 997s, and demand remains very strong for them. The 991 variant has already begun its natural depreciation curve. I don't a crystal ball...so these are just thoughtful comments, not fearless predictions.
#34
Ah, I'm not really looking to argue about anything here...just throw out some points that may not have been considered regarding longer-term valuations as I thought I'd seen some 2014 991 GT3's already on their normal depreciation curve. Maybe I'm crazy about 991 GT3 values and saw something outlandish like the 2 cars you spoke of above!
Carry on!
Carry on!
#35
No worries Steve. There was one that was going for $125k, that had been in an accident with significant damage. Another was going for $132k that many claimed was huge depreciation, when it actually had an MSRP of only $134k. Some 2014 owners may not worry too much about a $2k loss since most averaged $8k-&14k back from Porsche.
#36
It's a wonderful drivers car the GT4. For sure better than I can drive. My issue is that I have had a Cayman S Sport and I want to do the 911 thing. I still can't quite get over the fact that it's almost 100hp down on a 991 GT3 as well and 50hp on a 997.
#37
Here's another angle. If you want to park your money in a reasonably safe place, the 997.2 makes a lot more sense. They are building far too many 991 GT3s and the resale value won't be kind. You'll probably see 997.2 GT3s worth more than 991 GT3s in short order.
I'm not hating on the 991 GT3 btw, as I think they are fabulous cars and I'd love to also own one. I'm just trying to give you another point of consideration. Good luck with your decision, as I know it's hard to be a 'working stiff' and make these kind of decisions since I'm one myself.
I'm not hating on the 991 GT3 btw, as I think they are fabulous cars and I'd love to also own one. I'm just trying to give you another point of consideration. Good luck with your decision, as I know it's hard to be a 'working stiff' and make these kind of decisions since I'm one myself.
I'm just not a 6 track day a year guy. More like one coupled with fast road driving. All of that said, if the right 997 shows up, sport buckets, full leather, cool color combo and some deviations I might bite, save the 30 grand and buy a new work vehicle to boot.
I can't stretch to a 997RS which is extremely desirable but I doubt I could happily daily drive one.
Worse yet, I still can't find a 991 to drive or ride in, welcome to flyover country.
Such problems...
#38
Ah, I'm not really looking to argue about anything here...just throw out some points that may not have been considered regarding longer-term valuations as I thought I'd seen some 2014 991 GT3's already on their normal depreciation curve. Maybe I'm crazy about 991 GT3 values and saw something outlandish like the 2 cars you spoke of above!
Carry on!
Carry on!
I watched three dealer white 997's pretty much optioned the way I wanted start in the 130's and then drop to 123-125K and then sit for 60 days at that price. One has sold and the other two are still available. Most dealer cars are taking about 45-60 days to sell..
Private sellers with 997's are probably more realistic and have great cars in the 115K range and some dealers who know the market are in that price range as well.
2014 991's with some mileage are at MSRP (mid 140's) at dealers but seem to be somewhat negotiable depending on the dealer and car. Private party 2014's are now slightly lower. I have seen 4 cars in the low 140's and a 135K car.
Most 2015's are at MSRP or a tad higher. I have only seen one 2014 or 2015 car with sport buckets. They are rare. There is a great 2015 Red with deviated stitching, carbon package, black rims and sadly red gauges at Rancho Mirage Porsche that is a peach and it's at MSRP.
There are always super high priced odd outliers in both models at dealers that just don't make sense. Dealers that I think just don't know market or are willing to wait for the un-informed buyer..
I think it's too early to see any pattern of depreciation or appreciation. It's seems it has more to do with dealer or private, then miles, then options on the cars than anything..
This is NOT scientific data! Just observations from guy who has nothing better to do than shop for GT3's all day
Mj
Last edited by Michael Adair; 03-23-2015 at 10:34 AM.
#39
Odds and ends... I watched three dealer white 997's pretty much optioned the way I wanted start in the 130's and then drop to 123-125K and then sit for 60 days at that price. One has sold and the other two are still available. Most dealer cars are taking about 45-60 days to sell.. Private sellers with 997's are probably more realistic and have great cars in the 115K range and some dealers who know the market are in that price range as well. 2014 991's with some mileage are at MSRP (mid 140's) at dealers but seem to be somewhat negotiable depending on the dealer and car. Private party 2014's are now slightly lower. I have seen 4 cars in the low 140's and a 135K car. Most 2015's are at MSRP or a tad higher. I have only seen one 2014 or 2015 car with sport buckets. They are rare. There is a great 2015 Red with deviated stitching carbon package, black rims and sadly red gauges at Ranch Mirage Porsche that car is a peach and it's at MSRP. I think it's too early to see any pattern of depreciation or appreciation. It's seems it has more to do with dealer or private, then miles, then options on the cars than anything.. This is NOT scientific data! Just observations from guy who has nothing better to do than shop for GT3's all day Mj
Last edited by Nikolas; 03-23-2015 at 10:34 AM.
#40
Got it. Good info. I haven't seen any of the strippers (hmmm...). Good to know about the sport buckets. They look fantastic...
#41
Just to add another data point to your search. Only November and beyond 2015 builds could get LWBs.
#44
Old thread but here's my opinion and decision...I owned both a 997.1 GT3 and 2015 991 GT3 simulataneously. True, the 991 was a superior car. It was faster, handled more predictably, and was more comfortable to drive daily. However, the 997 had a raw, connected to the road feeling. I loved the 6 speed transmission...clutch and shifter. I sold both cars last year. I miss them both!
However, just this week, I was able to acquire another GT3. I bought a 997.2 GT3! No regrets! Hopefully no depreciation either! Have you seen the price drops with the 991? They are now close in retail value when you compare the 2011 to 2014 resale askings.
However, just this week, I was able to acquire another GT3. I bought a 997.2 GT3! No regrets! Hopefully no depreciation either! Have you seen the price drops with the 991? They are now close in retail value when you compare the 2011 to 2014 resale askings.
#45
Congrats on your new 997.2 GT3, the best GT3 IMO. Personally, I was and still not a fan of a PDK GT3. I could only imagine the price of the 991.1 GT3 will drop even further as the new 991.2 GT3 will come in MT as standard. Actually, I think all GT3 across the board will drop in value.