GT3/GT2 Performance and Track Discussion on the Porsche GT3 and GT2

2011 997.2 GT3 purchase opinions please

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Old Jan 3, 2015 | 05:29 PM
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2011 997.2 GT3 purchase opinions please

All,

New to 6 Speed. I am considering a 2011 white GT3 w/20K mileage. I would be trading my 08 Cayman S Sport in orange w/24K mileage and 50K. The car was in an accident and now being offered for sale at a Porsche dealer. I have gone over the repair schedule and car with a fine tooth comb. The car had major repair work done to it, all cosmetic no frame or motor work. It has now run 15K flawless miles since and was traded in on 991 GT3. I can provide the repair sheet if needed.

I guess the question: Is this a chance to get my dream car at wonderfully good price with some warranty left on it for 2011 GTS money? I can live with the car having been in the accident and am confident in the running order of the car. General thoughts welcomed and thoughts on value moving forward if I was to sell?

Thanks in advance..

Mj
 
Old Jan 3, 2015 | 08:40 PM
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I suppose if the car checks out and you dont mind that it will always be worth less its not a problem. But it will be harder to sell when it comes time for you to part with it. I weighed the same options before i bought mine and decided to pay more for a clean example. I dont want any problems when it comes time for me to sell.
 
Old Jan 3, 2015 | 09:17 PM
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Originally Posted by BlueFVD-575
I suppose if the car checks out and you dont mind that it will always be worth less its not a problem. But it will be harder to sell when it comes time for you to part with it. I weighed the same options before i bought mine and decided to pay more for a clean example. I dont want any problems when it comes time for me to sell.
Well, that's the rub. It's about 25K off the going market price. I have the funds to to go higher but prefer not to. I think with the rising values of the 997's I would be happy if I could simply maintain value if I should part with the car in a few years. I don't for see wanting a 991 GT3. Do you believe that statement to be accurate?

May I ask what you paid?
 
Old Jan 4, 2015 | 07:24 AM
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I had a damaged 10 GT3 and it was hard to sell. The dealers didn't want to go anywhere near what it was worth prior to the damage. I took the car to Byers in Columbus, OH and was told it would be worth about $12k less with the repairs on a trade. That was consistent with two other dealers. My repairs amounted to about $5000 on a quarter panel.

Another thing to consider is what happens if the market softens? It would make the car you are considering an even tougher sell.
 
Old Jan 4, 2015 | 08:51 AM
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Originally Posted by Alan C.
I had a damaged 10 GT3 and it was hard to sell. The dealers didn't want to go anywhere near what it was worth prior to the damage. I took the car to Byers in Columbus, OH and was told it would be worth about $12k less with the repairs on a trade. That was consistent with two other dealers. My repairs amounted to about $5000 on a quarter panel.

Another thing to consider is what happens if the market softens? It would make the car you are considering an even tougher sell.
Thank you. And agreed...
 
Old Jan 4, 2015 | 11:28 AM
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At the very least, you should get a second opinion from a qualified mechanic (not from the dealer) on the mechanical condition of the car. As it's been pointed out already, a previously damaged car will never be worth as much in the future as a normal car. But presumably the selling price now already discounts that.

If the car really is mechanically sound and the price is right, go for it if you like the car. At the end of the day, all that matters is that you are happy with your decision.
 
Old Jan 4, 2015 | 02:30 PM
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Originally Posted by jakegt3
At the very least, you should get a second opinion from a qualified mechanic (not from the dealer) on the mechanical condition of the car. As it's been pointed out already, a previously damaged car will never be worth as much in the future as a normal car. But presumably the selling price now already discounts that.

If the car really is mechanically sound and the price is right, go for it if you like the car. At the end of the day, all that matters is that you are happy with your decision.
Thanks Jake...

Yep, it's one of those decisions that has it's pro's and con's. I appreciate the feedback. The price is right for sure but I will pay the price for the accident in the end if I trade. I hope the 997's appreciate enough as time moves on that I can stay near market value if I sell to a private party. I'm looking at 115K for the same car without damage.

I will get a PPI on the car for sure aside from the dealer.....

Mj
 
Old Jan 4, 2015 | 02:59 PM
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Old Jan 4, 2015 | 07:18 PM
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Originally Posted by Michael Adair
All,

New to 6 Speed. I am considering a 2011 white GT3 w/20K mileage. I would be trading my 08 Cayman S Sport in orange w/24K mileage and 50K. The car was in an accident and now being offered for sale at a Porsche dealer. I have gone over the repair schedule and car with a fine tooth comb. The car had major repair work done to it, all cosmetic no frame or motor work. It has now run 15K flawless miles since and was traded in on 991 GT3. I can provide the repair sheet if needed.

I guess the question: Is this a chance to get my dream car at wonderfully good price with some warranty left on it for 2011 GTS money? I can live with the car having been in the accident and am confident in the running order of the car. General thoughts welcomed and thoughts on value moving forward if I was to sell?

Thanks in advance..

Mj

http://rennlist.com/forums/997-gt2-g...maplewood.html
 
Old Jan 4, 2015 | 08:06 PM
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Originally Posted by sportscentury
Thanks nice find. The car looks perfect and drives perfect. Funny how the story changes from post to post from each person. I offered essentially 80K. They talked about it for 20 minutes before saying no. They are motivated and want to part with the car. They need to go get more Mercedes inventory.

I know the shop that did the work well. No stone unturned, nothing was repaired everything was replaced. That said, it is what it is.

Thanks again...

Mj
 
Old Jan 4, 2015 | 09:32 PM
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Originally Posted by Michael Adair
Thanks nice find. The car looks perfect and drives perfect. Funny how the story changes from post to post from each person. I offered essentially 80K. They talked about it for 20 minutes before saying no. They are motivated and want to part with the car. They need to go get more Mercedes inventory.

I know the shop that did the work well. No stone unturned, nothing was repaired everything was replaced. That said, it is what it is.

Thanks again...

Mj

I looked at the car for just a moment when I was looking around for a 7.2GT3. It's hard not to look at it when you see the price, even though, deep down, you immediately know from seeing the price that the car comes with a story. But, if the repair work was done well/comprehensively, someone will buy and enjoy the hell out of this car. It just depends on the price at which the person feels comfortable. The dealership has had this car listed for a bit. If they didn't like your price, I would simply relax and let some time pass. Don't be surprised if they come back to you to accept your price or make a stronger counteroffer.
 
Old Jan 4, 2015 | 10:26 PM
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Originally Posted by sportscentury
I looked at the car for just a moment when I was looking around for a 7.2GT3. It's hard not to look at it when you see the price, even though, deep down, you immediately know from seeing the price that the car comes with a story. But, if the repair work was done well/comprehensively, someone will buy and enjoy the hell out of this car. It just depends on the price at which the person feels comfortable. The dealership has had this car listed for a bit. If they didn't like your price, I would simply relax and let some time pass. Don't be surprised if they come back to you to accept your price or make a stronger counteroffer.
Thanks again..

I agree...

LaMettry's did the work. The repair sheet is a long as your arm. But it was a insurance deal and nothing was spared. Stuff was replaced that didn't need to be. Wheels etc. Frame was fine. It was a rear end accident that knocked him into the ditch. Damage didn't get past the exhaust system. Engine removed and inspected etc. The owner then drove the car another 2 years after the repairs. It happened five months after he bought it. Still has some warranty. I'm going to stay in touch with them, see what shakes out..

I'll keep you guys posted.
 
Old Jan 7, 2015 | 09:47 PM
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Update

It's getting to be nut cutting time on this deal. Price dickering is done. I'm at 85K.

Private PPI next...

Car came out of good wash at the dealer today. I spent 45 minutes trying to find a blem and couldn't, it's a perfect car exterior wise. Interior is flawless too.

Never tracked. Over revs super low, 78 at range one, and 278 hours at range one. I have the complete history of the car printed out and have been going over it with a fine tooth comb..

Stay tuned..
 

Last edited by Michael Adair; Jan 7, 2015 at 09:50 PM.
Old Jan 7, 2015 | 09:59 PM
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[QUOTE

LaMettry's did the work. The repair sheet is a long as your arm. But it was a insurance deal and nothing was spared. Stuff was replaced that didn't need to be. Wheels etc. Frame was fine. It was a rear end accident that knocked him into the ditch. Damage didn't get past the exhaust system. Engine removed and inspected etc. The owner then drove the car another 2 years after the repairs. It happened five months after he bought it. Still has some warranty. I'm going to stay in touch with them, see what shakes out..

I'll keep you guys posted.[/QUOTE]

Sounds like a good deal Michael. Particularly since everything was documented. If the accident was as minor as you suspect and no frame damage then away you go!
If you keep the car it's really just YOU who must be satisfied ultimately. Some guys mod and race the crap out of their cars. Yours ended up in a ditch and got the rear repainted. Who's to judge either? Oh yeah- you're the judge on this one.
Good luck!
 
Old Jan 7, 2015 | 10:46 PM
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Originally Posted by StPatsDay
[QUOTE

LaMettry's did the work. The repair sheet is a long as your arm. But it was a insurance deal and nothing was spared. Stuff was replaced that didn't need to be. Wheels etc. Frame was fine. It was a rear end accident that knocked him into the ditch. Damage didn't get past the exhaust system. Engine removed and inspected etc. The owner then drove the car another 2 years after the repairs. It happened five months after he bought it. Still has some warranty. I'm going to stay in touch with them, see what shakes out..

I'll keep you guys posted.
Sounds like a good deal Michael. Particularly since everything was documented. If the accident was as minor as you suspect and no frame damage then away you go!
If you keep the car it's really just YOU who must be satisfied ultimately. Some guys mod and race the crap out of their cars. Yours ended up in a ditch and got the rear repainted. Who's to judge either? Oh yeah- you're the judge on this one.
Good luck![/QUOTE]

Thanks for the vote of confidence and well stated. There is no doubt it had a lot of cosmetic work but it was just done so well. I'm sure the car has sat because it's -20 here, GT3's don't sell well in MN in the winter I also think it's a scary proposition for anybody out state that can't see the car. If they did I think it would have been gone. It's that clean. I'm banking on the fact it has been driven for the last 24 months with no issues. It kind of feels like it was meant to be....
 


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