997 GTS price watch
Discussion
CSLmarson said:
Hi all
I'm thinking about a 997 gts as they are around the mid 60k mark
These days, my question is do you think they will hold there value ?
I will be using the car around 5k miles a year
Cheers
As far as I can tell, they have essentially held static over the past year. Whether that will be the case now that the 991 GTS is available remains to be seen. I imagine the 997s will always command decent prices, but unlike the GT cars or true limited editions they'll not be essentially immune to depreciation. For an investment, look elsewhere. I'm thinking about a 997 gts as they are around the mid 60k mark
These days, my question is do you think they will hold there value ?
I will be using the car around 5k miles a year
Cheers
For what it's worth, however, its a fantastic car. Supple when required, raucous when desired. You won't regret it.
Nimerino said:
As far as I can tell, they have essentially held static over the past year. Whether that will be the case now that the 991 GTS is available remains to be seen. I imagine the 997s will always command decent prices, but unlike the GT cars or true limited editions they'll not be essentially immune to depreciation. For an investment, look elsewhere.
For what it's worth, however, its a fantastic car. Supple when required, raucous when desired. You won't regret it.
What he said. For what it's worth, however, its a fantastic car. Supple when required, raucous when desired. You won't regret it.
I have one and love it but I know it will eventually start to drop after remaining static in value for the last year (almost) that I have had it. After 5 997's including most configs including two Turbos, depreciation is not front of mind as it's a keeper and I will only sell if life forces me to. I think it will always command a healthy premium over a the other Carreras, and this is helped by most of the motoring press that I have read thinking it was a better package and bigger step than the 991 GTS. The incoming turbo Carreras and electric steering can only help that in my view.
I believe that the 991 GTS release will bolster prices for the 997 GTS specifically the price point. I thought long and hard before buying mine, test drove numerous 991's until settling for a low mileage, one owner 997 GTS. I'm very happy that I did, will not selling it and have noticed in the last six months that OPC prices have creeped up slightly even over the winter...
I bought my 997 GTS last September from 911V after watching the market for the previous 15 months...
Once my 1M sold in July the search intensified with nightly internet trawls much to the wife's amusement!
Last couple of months 2013 and over 2014 I saw the prices of the good spec cars increase from £52k-£56k upto £58k-£63k and I was beginning to think if I don't find one and buy I could miss out. After buying mine in September 2014 I've seen some OPC cars increase further to £65k and 911V sold one for £65k to I seem to remember.
Like all 911's a lot of time its down to the spec and I believe my car would sell at least for the purchase price if not a little more...
White, PDK, 2S, Leather dash, Alcantara trim (why do lots have this deleted!?), White painted hard back seats, White painted centre tunnel, Extended warranty until 03/16, BOSE, Sports Chrono, Heated seats, PCM...
What does the future hold - The million dollar question I guess. If I look to sell later this year I would expect a slight profit on my car but it was never bought as an investment so its only worth what somebody else will be prepared to pay.
Buy one - they are fantastic!
Once my 1M sold in July the search intensified with nightly internet trawls much to the wife's amusement!
Last couple of months 2013 and over 2014 I saw the prices of the good spec cars increase from £52k-£56k upto £58k-£63k and I was beginning to think if I don't find one and buy I could miss out. After buying mine in September 2014 I've seen some OPC cars increase further to £65k and 911V sold one for £65k to I seem to remember.
Like all 911's a lot of time its down to the spec and I believe my car would sell at least for the purchase price if not a little more...
White, PDK, 2S, Leather dash, Alcantara trim (why do lots have this deleted!?), White painted hard back seats, White painted centre tunnel, Extended warranty until 03/16, BOSE, Sports Chrono, Heated seats, PCM...
What does the future hold - The million dollar question I guess. If I look to sell later this year I would expect a slight profit on my car but it was never bought as an investment so its only worth what somebody else will be prepared to pay.
Buy one - they are fantastic!
Magic919 said:
GTS prices haven't seen any real drop compared to a couple of years ago. You can say similarly for any decent Gen 2 997. I have no idea why they quite so strong.
I'd imagine 997.2 prices have remained strong for a number of reasons:- 997.2 came out in the recession, so they're probably fewer available
- 997.1 engine issues, makes the 997.2 more desirable
- 997.2 is a great looking car and probably more sorted than an early 991
The GTS is the last of the 997.2 which will help strengthen value (although entry price is higher than a non GTS 997.2).
gent
thanks for the comments
the reason I as is I currently have an M3 CSL and all be it I love the brutal nature of the car part are becoming very rare and I want something my misses doent moan like stink in very time we go out!
CSL is good because Im not losing any money on it and its becoming a bit of a cult car but it may be time to move on but I don't want be be left with a car that will lose ££££££ in the next few years
here are my options
get a 997 gen 2 with a nice spec and just use it love it and accept the loss on value with no worry about parts ect ect
push my budget to a GTS or GT3 enjoy it use it less but be comfortable in the fact it may not loose much cash
what do you all think
p.s Iv never owned a 911 before
cheers
thanks for the comments
the reason I as is I currently have an M3 CSL and all be it I love the brutal nature of the car part are becoming very rare and I want something my misses doent moan like stink in very time we go out!
CSL is good because Im not losing any money on it and its becoming a bit of a cult car but it may be time to move on but I don't want be be left with a car that will lose ££££££ in the next few years
here are my options
get a 997 gen 2 with a nice spec and just use it love it and accept the loss on value with no worry about parts ect ect
push my budget to a GTS or GT3 enjoy it use it less but be comfortable in the fact it may not loose much cash
what do you all think
p.s Iv never owned a 911 before
cheers
CSLmarson said:
gent
thanks for the comments
the reason I as is I currently have an M3 CSL and all be it I love the brutal nature of the car part are becoming very rare and I want something my misses doent moan like stink in very time we go out!
CSL is good because Im not losing any money on it and its becoming a bit of a cult car but it may be time to move on but I don't want be be left with a car that will lose ££££££ in the next few years
here are my options
get a 997 gen 2 with a nice spec and just use it love it and accept the loss on value with no worry about parts ect ect
push my budget to a GTS or GT3 enjoy it use it less but be comfortable in the fact it may not loose much cash
what do you all think
p.s Iv never owned a 911 before
cheers
Dude after the CSL the only thing you will appreciate that will least depreciate is a GT3. Wait until you can get into a 7.1 or 7.2 GT3. Don't go down the GTS route as great as it is, it's a compromise too far - put yourself first for once thanks for the comments
the reason I as is I currently have an M3 CSL and all be it I love the brutal nature of the car part are becoming very rare and I want something my misses doent moan like stink in very time we go out!
CSL is good because Im not losing any money on it and its becoming a bit of a cult car but it may be time to move on but I don't want be be left with a car that will lose ££££££ in the next few years
here are my options
get a 997 gen 2 with a nice spec and just use it love it and accept the loss on value with no worry about parts ect ect
push my budget to a GTS or GT3 enjoy it use it less but be comfortable in the fact it may not loose much cash
what do you all think
p.s Iv never owned a 911 before
cheers
Do what I did. Drive a Gen 2 'S', a GT3 7.1, then a GTS and decide from there. I turned down the GT3, as it just wasn't what I wanted. A stunning car and a proper 'event' each time you get in it, but as I say just not what I wanted at the time.
I paid a tad under £60k for my 11 plate GTS with 17k miles in December 13. Put nearly 8k on since then and looking at OPC stock today they'd sell for a bit over £60k. It's not an investment car, but seems to hold value quite well. You'll forget all about that nonsense anyway when it hits 6k RPM.
I paid a tad under £60k for my 11 plate GTS with 17k miles in December 13. Put nearly 8k on since then and looking at OPC stock today they'd sell for a bit over £60k. It's not an investment car, but seems to hold value quite well. You'll forget all about that nonsense anyway when it hits 6k RPM.
Couldn't get rid of my 2011 GTS for £54K on here back in October 2013 and ended up taking a trade bid of £50,250.
There were a couple of others in the same boat at the time too. I suspect if I still had it now 15 months later, I would be getting better bids on it!
Having said that, I have gone through quite a few cars in the meantime and lost nothing on them either - so I think it more down to economy rather than anything magical about the GTS (as brilliant a car that it was).
Take from that as you wish.... happy hunting
There were a couple of others in the same boat at the time too. I suspect if I still had it now 15 months later, I would be getting better bids on it!
Having said that, I have gone through quite a few cars in the meantime and lost nothing on them either - so I think it more down to economy rather than anything magical about the GTS (as brilliant a car that it was).
Take from that as you wish.... happy hunting
I was able to sell my GTS for nearly £59K back in September last year - with PDK 11 Plate with 25K + 1yr Extended Porsche Warranty.
I was pretty bullish on the price and felt it was right - this was after being 'low-balled' on a trade-in offer with my local OPC - I was insulted.
Was and is a great car and a great 911 - proper feel with all the 911 traits - communicative steering, weight transfer, great braking. Really very nice car.
I wasn't in a rush to sell so was happy to wait for the right buyer at the right price.
If i had kept it, I would have done Sharkwerks Bypass and switch to some nicer tyres - Michelin Pilot SuperSports - check geo and alignments and thats it.
Rapid when on song - X51 power kit.
They deserve to hold onto their value, you could easily keep and run one forever.
My thoughts at the time were that spread should be in the £55K-£65K range.
It isn't 'GT3 abrasive' - but if you are after a car that can do it all, and can also feel special - its a great option especially if you get a car with Alcantara and extended leather.
I was pretty bullish on the price and felt it was right - this was after being 'low-balled' on a trade-in offer with my local OPC - I was insulted.
Was and is a great car and a great 911 - proper feel with all the 911 traits - communicative steering, weight transfer, great braking. Really very nice car.
I wasn't in a rush to sell so was happy to wait for the right buyer at the right price.
If i had kept it, I would have done Sharkwerks Bypass and switch to some nicer tyres - Michelin Pilot SuperSports - check geo and alignments and thats it.
Rapid when on song - X51 power kit.
They deserve to hold onto their value, you could easily keep and run one forever.
My thoughts at the time were that spread should be in the £55K-£65K range.
It isn't 'GT3 abrasive' - but if you are after a car that can do it all, and can also feel special - its a great option especially if you get a car with Alcantara and extended leather.
Edited by TDT on Monday 9th February 17:19
TDT said:
I was able to sell my GTS for nearly £59K back in September last year - with PDK 11 Plate with 25K + 1yr Extended Porsche Warranty.
I was pretty bullish on the price and felt it was right - this was after being 'low-balled' on a trade-in offer with my local OPC - I was insulted.
Was and is a great car and a great 911 - proper feel with all the 911 traits - communicative steering, weight transfer, great braking. Really very nice car.
I wasn't in a rush to sell so was happy to wait for the right buyer at the right price.
If i had kept it, I would have done Sharkwerks Bypass and switch to some nicer tyres - Michelin Pilot SuperSports - check geo and alignments and thats it.
Rapid when on song - X51 power kit.
They deserve to hold onto their value, you could easily keep and run one forever.
My thoughts at the time were that spread should be in the £55K-£65K range.
It isn't 'GT3 abrasive' - but if you are after a car that can do it all, and can also feel special - its a great option especially if you get a car with Alcantara and extended leather.
I agree, I initially missed my GT3 when I got mine at the end of November but now think the GTS as an excellent car and really appreciate the fact that I get so much more use out of it.I was pretty bullish on the price and felt it was right - this was after being 'low-balled' on a trade-in offer with my local OPC - I was insulted.
Was and is a great car and a great 911 - proper feel with all the 911 traits - communicative steering, weight transfer, great braking. Really very nice car.
I wasn't in a rush to sell so was happy to wait for the right buyer at the right price.
If i had kept it, I would have done Sharkwerks Bypass and switch to some nicer tyres - Michelin Pilot SuperSports - check geo and alignments and thats it.
Rapid when on song - X51 power kit.
They deserve to hold onto their value, you could easily keep and run one forever.
My thoughts at the time were that spread should be in the £55K-£65K range.
It isn't 'GT3 abrasive' - but if you are after a car that can do it all, and can also feel special - its a great option especially if you get a car with Alcantara and extended leather.
Edited by TDT on Monday 9th February 17:19
I've added the TPC PASM suspension module and will probably get the Sharkwerks exhaust.
Regards
Fred
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