2007 997.1 GT3, under 1k miles (very low!), quite nicely optioned with sticker of about 116k.

What would you guys expect to pay? Seems that the standard price for Mk 1 GT3's is in the 80's now, but this car has exceptionally low miles. Low 90's?

Got the opportunity today to jump on a Mk2 with a 130k sticker, so I'm just trying to figure out the difference (price wise) between going with the Mk2 or a choice Mk1.

 

^
You have to decide what you want.

(imo) The "smart" money is waiting (Nov 09) on GT3s with lift system and dynamic engine mounts.. combined with PCCBs.

If you are concerned about price, then you have to consider resale value (see smart money above).

People are posting about buying the MKII under sticker (without lifts and engine mounts). It is too early to say what the "desirable" cars will bring (i.e. lift and dynamic mounts)..

A sweet MKI GT3 (check Rennlist) is a pretty attractive proposition, given the price differential, and spending the difference on lessons.

 

I agree - if I were to go with the new car it's probably better to wait until later builds with DEM and perhaps get an allocation of my own to spec exactly how I would like. Either way, the sticker is going to be close to 125-130.

And if a basically undriven Mk1 can be had for $30k+ less than that, I think I already know the answer to my question

The Mk1 car in question is optioned almost exactly how I would do it, just want to know what's a fair offer to make. From what I've seen on this website's classifieds, an offer of something like $92-95 would be reasonable (and nicer cars have gone for far less, albeit with more miles).

 

I think you got it right.............92-95K for that mileage is a good place to start.

 

I am probably opening a can of worms, but those of you with a 997.1 GT3 woudl not be concerned about buying one pre-owned and having a RMS leak?

 

I have a 2010 Nov build on order. It will be built to my specs of course and will have DEM. Imo, to make a more direct comparison, one would have to consider that a well optioned MKII gt3 will have a $120k MSRP (well optioned: full leather, crests, sound, bluetooth, DEM, etc... sans PCCBs and lift of course.) compared to a similarly equipped MKI without the DEMs, some of the cheaper ones going in the $88k-$92k range.

If you add a lift system and PCCBs, then of course the price will be higher, but those items are argueably not necessary.

You have to consider that most MK1's are 2007s and are now three years old. I would figure that each model year is worth roughly $6k-$7k in value. I know that the cars were not produced in 2009, but it's still three years old. Also consider that the MKII has better brakes: bigger, lighter and prettier, centerlock lighter wheels, even better handling by virtue of some GT2 components and much improved downforce lending even more driver confidence, much more useable torque, reportedly even better exhaust sound, an improved interior and a host of other improvements. To me the MKII is even more sexy than it's predecessor.

Some of Porsche's model changes have had less improvements than the 997.2 facelifts.

 

There will always be that desire to have the newest, latest car...and Porsche arguably makes each model incrementally better

Simple question is this: is +20 hp worth +$40,000 ???

Bill

 

amen Brother.....to me it is not worth +40,000. I think the smartest thing if one must have the Mk2 is to wait until Aug/Sept 2010 and see what slightly used MK2 GT3s with under 5k miles have dropped in price to. I think the buyers that just have to have it today will be shocked at what the 1st year depreciation will be. And MK1s with 5-10k miles will be very very affordable.

 

The difference is not just 20 HP. Guys, don't be ignorant. Regardless, many 07 GT3's are going for 70% of their original MSRP. Which is about $30k in depreciation in 3 years. $10K per year is not bad. I've seen M5's and such drop 30%-40% in one year There should be less 2010 GT3's than 2007's, because of lower production talks, etc...but will see. Depreciation won't be worse than the 07's.

 

Try making the MK1 GT3 3.8L conversion with proper tune (and warranty) and see how much the bill will turn out. Besides, having no hole on the roof alone makes the car a lot more desirable for many folks. Horsepower numbers per $$$ are not the only things in cars. Otherwise, we'll all be driving Fords and Chevys. Just my 2 cents.

 

No offense intended, but if that's you're simple question that you need more questions.

It's NOT $40k, it's more like $30k and not many can be had for $90k. Yes, $30k is a lot of dough, however. Show me more than one well equipped CPO quality 997.1 gt3 with under 10k that is $80K. IRL go build a well equipped 997.2 on Porshce's configurator for $120k and compare that to the real 997.1 prices of $90k up. Oh, and the improvements are far from incremental. Only 20 HP, Ha!

All things being contemporary that is the real time price disparity. Time will erode by sides of course.

Agreed, that Porsche makes incremental increases. With that said, the 997.2 over the 997.1 is as much of an improvement as the 997.1 over the 996. Some might say even more so. If the .2 didn't look similar to the .1 and had a different moniker, say 99whatever, we'd be satisfied that it was a new model. I mean c'mon, the 997.1 gt3 only had 34 more HP than the 996.

 

understand there is more to it than 20HP and it is badass. For me personally coming from a 996 C2 to any 07-up GT3 will be a dream come true and I like how the prices for a slightly used GT3 are today

 

Another questin is if the 997.2 GT3 drops 10K a year, what will the 997.1 GT3 drop in another three years? If you buy for 90K today, is it worth 60K in three years?

That looks like the same depreciation.

 

That is a very good point and another one that I considered when trying to decide between a .1 and .2. I' don't see .1's depreciation rate slowing that much. With that said, I'd rather drive a newer/superior car with a similar depreciation rate. if one sells in a three year time frame, depreciation should be similar except that extra dough was tied up. No insult to .1 owners meant at all.

 

To answer the OP's question, I think that a sellling price in the mid $90k's would be fair, and that a price in the low $90k's would be a good deal for the buyer. Of course, a lot of this depends on just how badly the seller wants to sell you this car.

If it were me, I personally wouldn't let that GT3 go for less that $94 or $95K due to the extremely low miles.


Dan