I'm looking at basically a showroom new '09 GT2 with less than 1,000 miles. Can buy it for about $155K. I love everything about the car and would like to buy it except I am worried that the timing may be wrong. Let me explain further:

Cars are never an investment except in very rare cases, and I would in no way think of a '09 GT2 in those terms. However, I like many of you, have lost lots of money in the past by buying expensive cars, only to see them depreciate rapidly. That's OK for the most part, especially when it's the newest car on the block; you pay to play as it were. BUT, the '09 GT2 is now about to be three model years old, AND there will be a new 991 variant in 2-3 years. Hence, is the car that I'm looking at destined to lose 33% more of its value in 2-3 years, and only be worth $100K when the 991 version arrives in say 2015-2016?

Any thoughts appreciated.

Bish

 

You may be able to look at market and see where supply and demand has set the price on a comparable model.

Now that being said. Do you really like the car? If that particular car really moves you and the $$ are worth it to you then go for it. At the end of the day the car is for you and no one else. If the enjoyment you get out of it is more than the dollars you pay for it. I say do it regardless

 

When you buy cars, if you are at all worried about resale value, WALK AWAY.

Cars should be thought of as a total expense item. Especially as they become more and more specialized like the GT2.

Sure, all cars will always have some residual value. But its basically a variation of "if you have to ask, you can't afford it". Cars aren't liquid assets and markets vary like mad. People that can afford that car, tend to want new ones.

Jim

 

if you really like it and can afford it, i'd say go for it ! moreover, gt2 is very rare and should hold its value quite good compare to others.

 

ain't that the truth....buy it, drive it and don't worry about the depreciation. All highline cars are getting hammered right now

 

your prediction is correct, this depreciation will definitely happen.

for a close to no depreciation GT car, shop for a 996GT3 now.

 

If u like it get it . It's a blast to drive. You can take it to a track and is mellow enough to drive daily. I put 20k miles on mine in year one ,it's that addicting.. I was about to trade for a 458 a few months back. But test drove the 458 and I gotta be honest and say I love the gt2 even that much more after the test drive. Not sure what I'll get next the next gt cars won't be here for quite a while.

 

Bishman, with regards to the economics that you have mentioned...I think you are pretty close on target with depreciation. Although the GT2 is slower than the other models, I think a bad economy and the presence of a higher level trim (GT2RS) both have a role in the price drop. On the other hand, with the exception of the GT2RS and 4.0L GT3RS, the GT2 has the lowest production number of any of the 997 911s which should help keep desirability high.

Obviously there is also personal desire to drive the car - it is a very involving driving experience with an extremely potent engine, and it always brings a smile to my face.

 

If I were going over the 100k mark, but still worried about resale, I think I'd just get one with more miles and not get destroyed as much with depreciation. Just my .02.

 

I'd go for it. I bought mine with 286 miles and of course it was new. You won't find many that are like the one you've set your sights on. It will remain a rare and high value car, plus you will love it more than any else around.

 

Best deal right now is mk2 GT3.... $90K. Will most likely only drop to mid to low 70's when 991's come out. Better to only lose $20k than $50k and GT3 is a very capable car.

 

Holy crap $90K?!?!

 

in the 90's.. if asking is $100-105k...actual selling price is in 90's for a used 2010 GT3.

 

buy it and don't look back, the next one will probably be a hybrid and 200k +++....

 

There's never a bad time to get a GT2.