Is It Safe To Buy A Porsche 911 GT3 Again? I Revisit The GT Product Debate
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- เผยแพร่เมื่อ 29 เม.ย. 2020
- Two years ago, I created a video look at the 911 GT marketplace and the strange atmosphere that Porsche had allowed to happen.
The video is here: • The Truth About Buying...
Today, we revisit that topic and ask the question - can you buy a 911 GT3 again, without losing a lot?
Want to see your car on the channel? Email me on talk@jayemm.com
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I can't be the only one thinking Jay is really underrated even at 91K subs? His general presentation style and command of language is so refreshing as compared to the obnoxious shouting and clickbait from so many other automotive channels - who seem to be tailored to a really childish audience
He deserves to be on a million subs
Tris he’s got top quality reviews with a key personal touch. You’re right 🙏
Guilty as charged 😳🤔😬😋
Unlike James who, I agree, is very insightful and his delivery is super professional.
*command of the language
Agreed, he does not start with what car shall I buy next, have you seen my new Ford GT..., let's spec my next AMR together.....and all that regular drivel!!!... well done James...
Buy a car because you want the car, if you profit when you sell it then BONUS! If not, that's not why you bought the car.
exactly!
Bang on! Exactly why we bought ours
When people stretch budgets to buy these though, they aren’t looking to make money but looking to not lose money.
@@maxvinzi people who stretch their budget and then expect to not lose money on a car have to be muppets.
@@leviathan5207 I'm trying to say that there are people who try to leverage the value curves of a car to buy at the height of depreciation to save as much money as possible. They don't active go looking to use cars as investments nor do they want to lose thousands of dollars on a car.
I can't tell you how hard I laughed when Porsche announced the 991.2 GT3 manual. You could almost hear the simultaneous worldwide scream of 911R speculators.
MrElnuno 911R is still way more special and unless you’re in for a quick turnaround longterm I believe to be safe bet, I would have an R in a heartbeat
@@royd72 In what way is it "more special" I can have the same exact car, which is a little faster and still retains 99% of what that car is about, its called the GT3 Touring.
@@HG504X the 911r got a different engine, revs only up to 8500 not 9000 like the touring, also got the front bumper of the rs and a lighter fly wheel which makes it different
@@HustlerTrickipedia wow... So special.
@@HustlerTrickipedia i just a shit that i saw some sweetcorn in earlier and i think that's pretty awesome and special tbh
As someone with a 20 year old Honda Civic, this video is very relatable
Huh! Mine's a 1995, 280k still on the original auto. If only McLarens were built like that!
Great video! I'm actually pleased to see the arse drop out of the P car market. Investor speculators with no appreciation of the actual value of a GT3 (that being an incredible unfiltered driving experience) just about ruined the market for a period of time. Cars, especially GT cars, are there to be driven and enjoyed, not sat in a garage in some speculative "asset" collection. I achieved a life long dream last year and bought a 991 GT3. It gets tracked and thrashed on B roads regularly. The fact I'll lose money never enters my mind. Porsches should be driven like they were stolen. To hell with cars being treated as non depreciating assets!!!
Anyone who buys a any 911 for appreciation purposes only is a wank stain on a wankers underpants.... like I'd call them a sewer rats but that would be an insult to sewer rats.
This comment didn't age well lmao. Porsche market is out of control😁😁😁😁
Spoken like a true car enthusiast!! Enjoy your beast, you only live once :)
If you want any sports car, I’d suggest you wait until end of the summer:
1. The fallout of Covid will be truly known by then. Lots of people will sell their toys; they aren’t essential
2. People buy cars, especially sports cars for the summer and sell before winter kicks in. Great time to buy if you can lose a summer of driving
3. It gives you time to be patient and think things through. If it still makes sense and you still want it then go for it. Impulsive purchases are rarely good
If he knew that he would be very rich
This sounds like a good idea. Looking into buying a used porsche. Prices havent moved much when I called up the dealer and low balled them lol
Wayne Bhagan 20%+
@@purplefabian that's significant. Can't wait to see it happen (if it happens).
Meanwhile, november 2020, prices are just rising...
Bought a used 991.2 GT3 for list. Drove it 20 000 km on track over 1,5 years and lost £12 000. Best money ever spent!
man the tyres would have been £12k for that!
If anyone offers to sell you a McLaren F1, or a Porsche 959, or a Ferrari F40 and you have the means to pay for it you should buy it.
I know a guy here in Atlanta, GA that bought a 911R for $800K on the pre-owned market when they were at massive hype.
Poor fellow.
Ouch they are like less than half that rn
Always people with more money than brains.
Your subs have really jumped during the coronavirus, congrats! I'm from the States, your perspective on car topics and your style are a nice change of pace.
I've got enough money in the bank for a second hand Vauxhall Vectra, but still found this interesting.
You’re living the same dream as me! Welcome aboard.
lucky you, i can barely get a spares or repairs corsa.
I'm happy with my 991.2 Carrera. Like the analog dash and classic features better than the newer car. 370 hp plenty fast for every day driving.
Am I the only one who prefers the styling of the 991.2 over the 992?
Always love your videos Jay - always interesting and grounded. Thank you thank you for posting.
Half the price, same thrills, a cayman gt4 would do me!👌🏻
slk 55 is cheaper still, but there is different strokes for different folks.
Cayman GT4 is great, but 991.1 are too close money wise to the GT4 for me
Pass. Can't do it with the GT4.
@@timburton1080 difference in canada is about 50k....thats 33% more lol
Nice overview overall of what’s been happening to the GT, cars. I enjoyed the advice and video.
We are two years on from this video and you were absolutely correct about getting into a GT3. Great stuff!
I have zero chance of buying any Porsche let alone a GT3, yet here I am.
invisiblekid99 with that attitude yea... you have zero chance
So many opportunities in Europe, uneducated people from the third world come here risking their lives because we have endless opportunities to make a living... just go and hustle and you will be able to afford one
As always, great video and thanks for keeping us updated on all things Porsh-ah! ;) Cheers from across the pond!
Loving the way your channel is growing ⭐️👍😎
Always good to see new contributors, big up to Florance (hope that's the correct spelling). Another good vid thank you.
Stay well clear!
All performance cars are in for a big adjustment. Unless you can get huge discount, I simply wouldn’t touch anything. We are going into a long slowdown.
I disagree. Due to the current economic situation luxury car dealers are going to struggle to get cars off their lots. There are already decent discounts happening, this will probably go on for some time until this Corona shit is over. So id say if you can afford a car like this now the next few months is a good time to buy, yes the cars will most likely depreciate, but thats always a risk and as Jay already said buying these cars for profit alone doesnt really make sense in the first place.
Another great, honest video on a car which is purely designed for track and “everyday” use ability. Investing in a car of this nature means your taking the privileges away from the fun and the design aspect, creating higher forecourt prices, the purest is not being able to warrant using the GT cars as Porsche intended. My wife and I have plans to buy one of these cars, bucket list, to enjoy the rest of our lives touring the British isles, sounds more fun than investing doesn’t it? Investors buy houses, it’s a no brainer, GT cars are for the purest not investors🏴🥂
This is (another) very interesting video from you; well played. This might be very bad TH-cam etiquette but for those who haven’t seen it - and I won’t post the direct link out of courtesy to JayEmm - but AutoTopNL’s in-car drive of the last gen GT3 is truly astounding from an oh-my-god-it’s-bloody-quick-and-sounds-fucking-mental point of view.
Hi James, I was the second owner. You may be interested to know I paid 132k from an independent specialist dealer. Didn’t do very many miles in it and traded for 120k 18 months later. Thanks for the informative show.
Thanks for stopping by - you got a fairly good deal on the car considering when you bought it
Must be serious times...JayEmm is wearing a normal shirt!!!
Great news for me, maybe in a few years I can get one. Also you’re on point with the Porsche fans and option obsession, it’s my biggest gripe with the Porsche community.
You're biggest gripe?
Much Thanks for Sharing Your Insights.
I think prices will drop a bit more as this lock down goes on. Cash will always be king and finance companies may have a difficult time.
I suggest dont rush into anything. Watch what is happening in the market. I think it will get worse.
My thoughts.
Wishing You and All At Home..Health and Happiness.
Stay Safe.
Greetings from The Caribbean
car's are not investments. Period.
sqd8r okay but I’d rather tie my money into a gt3 than an S class...
@@danhall5761 if you buy a new s class and do anything but lease it, you're an idiot.
My Lexus GSF has depreciated less since I’ve bought it than the money most people have lost in the stock market over the past few months lol.
some old classics are. It depends too.
@@mustangtony2933 not if you consider the maintenance. Nope. And even then in order to hold their value you cannot actually drive them.
Great video. Wondering what you think of the 991.2 GT3
You know what it’s funny and actually as I type this you said “more people should have bought the turbo” and I was having a similar thought, even long term prospectors are kind of screwed as the turbo continues to become the standard bearer and people adapt and think anything lacking boost is “slow down low”
Watching and buying my own sports car in January sadly not a Porsche GT3 but a GT86 but may lose less money than the GT3 judging by information in this video. Loved Florence the cat trying to be fa it’s see the tail swishing around in the background made me laugh.
Once again, great video Jay. thanks. Now.. a question.. will the Gov't lift VAT on new cars after the lockdown to get the dealers selling again?
Thanks. Was specifically timely and helpful. Be well.
I loved you in Shaun of the Dead!!
😂😂😂😂
Fantastic video, and I really do concur with the advice to buy a higher mileage example. I applied the same logic to buying my own 2010 GT3 RS back in 2013 and added a 2008 GT2 last year, both being high mileage cars. I'm so pleased with both, and my total price paid for both cars is roughly equivalent to the price of a single 'cream puff' example of each. I'd rather have both every single time, and I'm not paralyzed with fear to go drive them in the real world. Thanks @JayEmm!
Oooh 997 GT2, very special!
@@JayEmmOnCars - thank you and I concur. I feel they are definitely undervalued and underappreciated, but am equally surprised that the secret still doesn't appear to be out about them yet despite them being over a decade old. Only 1242 sold worldwide, and only 194 making their way over to the USA when new. But, I'm biased so what do I know? :)
Love the Porsche content! Please keep it up!
Thank you for this video! I have always wanted a turbo or a GT Porsche but I had no idea about those price issues, I was barely aware because I saw used ones in the dealership with insane prices. I've had a Porsche as my daily driver for 3 years. I live in Canada so my prices are in local currency. I see a 2019 gt2 rs for 469900$ right now for sale. It's not cheap lol, even with only 105km... I want it so bad though! One day perhaps....
You're absolutely bang on this theory!! Can't wait to see the prices plummet even further in the next couple of months!!
Nothing wrong with revisiting older content, as the market is a fickle mistress indeed 👍😎
Don’t understand how you are only on 91k subscribers- the amount of research you put into your videos is very impressive- keep them coming mate
Hi Florence! 👋😃
As far as cars not being investments. Some cars are. I bought these cars used and sold each for more money. Porsche 993 Turbo (sold for double after 5 years) two first gen NSX, E46 M3, E90 M3, two Honda S2000’s, my BMW Z3M Coupe and my current 2005 NSX and BMW 1 Series M are both worth more than i paid for them.
Cool video, much appreciated 👍
We have shifted a lot of GT3s in the last few weeks, some interesting points - delivering a 911 R tomorrow (driven) picking up lizard green 991.2 RS as a px. R sold for over 270k, we have just sold a gen 1 997 GT3 for 59k, a 997.2 GT3 for 89k,...both club sports. We sold a 600 miles GT4 for 64k, that flew out the door. We also sold a 996 GT3 rs with blue livery 3k miles at over 160k, we have also just sold a high miler 996 GT3 rs red livery for 89k. .....#ashgood.keep up the good work. See you soon..
Is the 996 GT3 RS more valuable than a 997 GT3 RS? I thought the 996 were unpopular because of the ugly headlights.
Could you do a favourite cars of the channel style video? Would be great as you’re in a unique position as a reviewer. Good vid btw.
As I putt around town in my M2, I tip my hat to the Porsche guys. We all have fun cars and in my case, no fancy pants pretensions. I like be able to slide in and out of the scene without difficulty.
Great vid Jay.How about Audi RS values vid?
Nice episode, good advice.
Really interesting man... I agree!
Thanks , excellent video l have tried to order/ purchase a 992 wowzer unfortunately having only purchased two new porsches, doesn’t allow qualification to be allowed an order sadly.One day though.
I'm not a Porsche fan by a long chalk, but there are models I'd rather have and a boggo Carrera and keep the change! Florence looks lovely by the way!
Thinking of a 991GT3 to actually drive, this has been very helpful. In the next 6 months do you think there is more value in the gen 1 or gen 2? Prices are around 20% lower for gen 1and I wonder if, as a quick but by no means race driver, I would really notice the difference. A Porsche experience instructor I was with last week reckoned the gen 2 was the best car Porsche have made, preferred it to the 992 GT3. I’m not buying for investment and will be buying outright but wouldn’t want to loose more than 20% over a couple of years.
Good morning excellent video
It's uncanny how similar our logic is when it comes to buying cars. I will always give preference to a car that has actually been driven rather than stored away under the cover for the very reasons you mentioned. And I have a rule that I adhere rigorously: Only buy that car if you are going to put at least 1500 miles a year on the clock! That rule has cost me an awful lot of money over the years.
very good video - love it
I do agree with most of Jay's points. I got into a high spec GT3 at the summer of 2018, the car was very boring and harsh to drive on the street, the turbo would have been a much better car. But the gt3 was brilliant when pushed above 70%, the problem is I dont track so I hardly ever get there. Driving the back roads pushing the car above 70% was nerve wrecking coz the limit was so high. I had it up for sale shortly but the 991.2 bubble as described by Jay just started. The market's flooded with gt3s (still is). It took me almost 8 months to finally trade it in for a scuderia, which i absolutely love. It's got presence and very exciting even on the street, and when pushed is a complete beast just like the gt3 was (even though not as refinely engineered). If I havent trade in the gt3, i would have lost another 20k today stuck in a car that's not right for me, so i am very glad i did that. The dealer who got my car ended up selling it at 5k below the trade value (they actually lost 10k with the conditioning they had to do). Looking at high mileage cars today for 90k, that's a steal with a warranty on the engine for another 3-4 years
Good analysis with lots of good points (including buyer type of GT3 vs Turbos). The ratio between 997 C2S and GT3 vs 991 CS and GT3 will have a growing impact: as you said the 991 GTs are not as rare. That’s because they finished the Stuttgart factory upgrade (where all 911s are made, including GTs) and we’re able to make a lot of the GTs. I have a 997.1 C2S a 997 gen 1 GT3 is £70k, which would mean that I’d have to trade up £50k-ish just for the Metzger... No thanks...
Nothing warms my heart more than when assholes that buy great cars and just stick them in a garage so they go up in value lose their asses on them, just criminal, drive your damn cars.
Interested to check out your opinion haha. I just sold my high mileage example of .1 GT3 last week for 93k
Good vid James. It’s worth noting though the engine issues on the 991.1 gt3. I believe Porsche farmed out a 10 year warranty through RAC to cover any blown engines of which there were many but after 10 years, you’re on your own, which is in about 2-3 Yrs time. The better car is the .2
Incorrect. Warranty can go to 15 years for £1000 a year.
Cars are not investments....but cats may be. He showed up right on time there.
Great informative video as usual. Here’s an interesting reference data from Total911 magazine: 3000 991.1 GT3 vs 6000 991.1 GT3 RS worldwide. If you look at their 997 predecessors, their numbers are half and less. 991 is when Porsche opened the manufacturing Gates. Simply Porsche responding to demands?
Trillions like and best comment for you because you are best on Earth and follower respect you,we need videos in Real 120fps or 240fps 4K,8K and Sound in FullHD Surrounded..
What I'm curious about is since they are testing the 992 GT3 right now, once the new GT3 is released what will happen to the 991.1 GT3 prices? How much did 997 GT3 prices dip when the 991.1 GT3 came out? We are at that point right now were I think they are still going to go down. Here in the US you can find 991.1 GT3s at around 100-110k. Is this going to be the price for those early GT3 cars moving forward or will they dip under 100k? I am thinking about pulling the trigger on a dot one going for 112k, but not sure if I should wait a little bit longer. Love the video FYI
Great, pragmatic, summary Jay! As a 911 C2S owner who wanted a GT3 and was politely declined by dealer (🙄) I was, am, gutted. I’m not paying +50% for “an idea” tho - that idea being they’re an investment. My 911 is used as a daily, for European jaunts with the family and for Trackdays. I’ve put 33k miles on it in 3 years, and it’s amazing. Oh you’re so right about performance and noise too … I have the standard exhaust. On a 3.0l turbo gen 2. Sacrilege! Some would say. But no, when you put it in Sport mode it makes plenty of glorious noise, including the pops and bangs (why, why, are people so obsessed with them?) Anyway, great summary, really well presented. Got yourself a new sub 👍🏻
Thanks for the sub! I love the 991.2, didn't want to but it's actually a much better car than the 991.1
Well done 👍 awesome vlog only bettered by the 1st GT3 Its so nice when your putting every-car down thank you 🙏 👍👍👍
Hi Jay, another very informative video, what's your opinion on the 991.1 gt3 engine issues? If you were to buy one would you make sure it was "G engine spec" or wouldn't you be worried due to the 10 year warranty?
“G” means nothing. G6 means everything, which didn’t ship from the factory. People can still blow the G0’s in the 2016’s, they’re just built marginally better to delay it. All you have to do is take the original engine (E, F, G, whatever) to the track a couple times and it’ll fault.
I bought mine for £137500 at two years old with 1000 miles on the clock. I was the 4th owner. I put 22000 miles on it in two years and sold it for £105k loved every single thing about it. Next year I’ll buy a gen 2 manual
@munroM84 you can’t buy them new. And I don’t actually want a 992 as I don’t like the dials
My budget is a far cry from a GT3 but at a significantly lower price point I’ve owned one of Jay’s other cars- a Honda S2000 for over a decade as my daily. I’ve put loads of (reliable) miles on it and could sell it today for more than I bought it for.
There’s plenty on offer from many makes at all price points that might not necessarily make money but will preserve capital or mitigate a loss and that’s a good use of funds which can provide smiles too.
Hey jay, do you think the 992.1 gt3 will be the last NA gt3 with a manual transmission?
Very nice video but I have some minor criticism:
1: Some graphics would've been useful to visualize the numbers.
2: I didn't really understand what you meant with the 991 GT3 not being rare. Did you mean not rare on the market? That is certainly true as one can see by the numbers you presented. But if you meant rare in terms of production numbers, that is not really the case. There aren't firm numbers on the 991 GT3 yet but first numbers suggest that there are at max twice as much 991 GT3 compared to the 997 GT3. Taking into account that there are many more 991 than 997, in general, we have to ask why are there so many more GT3 for sale? It has to do much more with fluctuation than sales numbers
Agree with your way of reasoning
Hmm I think I'll have to drive one and see. I was more interested in the manual 911.2 but those are £125k+ which is too much for me. Being PDK, I'm not sure if it'd be a better buy than a 911.1 turbo or turbo S.
can you do a video on the 991.1/991.2 turbo s, thinking of getting that instead of gt3
In Canada, for a 2016 to 2018 GT3, you are looking at a price between $180,000 to $200,000. Around £115,000 I think? That is a hell of a lot of money. I think I have seen one in my life. There are more and more exotics showing up here. Ferraris and even a McLaren, but very few GT3's.
@White Powder yes, I know those two are considerably more, but the video is about the Porsche, so is my comment.p.s. it's still a hell of a lot of money.
Agreed. Matt Farah of the smoking tyre says that that GT engined 911 cars make up 40% sales of the 991 variant overall sales
Great video, I doubt the turbo is as quick as a gt3 on track though. Yes it has more power but a lot more weight and a lot less down force. Also it’s underpinnings have not been fettled with like the Gt3 has. Just my opinion!
Whenever magazines test them, they usually come out neck and neck - certainly on smaller tracks
Really want to find some more info on the 991 3.8 vs 4.0 on the GT3
Great advice
997 (of any kind) is a far rawer, far more authentic Porsche than any 991. And one of the best gearboxes ever made. There's a reason why the 997 GT3 is sought after!
Good video.
Love the new intro, less 80's more classy.
I think when the 918 was new, anyone could go in to their Porsche dealer and buy it. That's the way it should be.
Any 997/991 GT3 or Touring are my favourite, no RS for me, thank you.
the reason why the 918 was available to almost anyone with the money was because Porsche intially had trouble selling it.
Good video 👍👍
For those who are upset that their 997 GT3 is no longer the last manual, Porsche have succeeded in teaching you a lesson as anyone upset at that was obviously thinking about them as an investment. Porsche are only interested in having their cars used then replaced with their next model, they don’t want to make cars so you can buy it make money on it!
Top gear for James 👍, TH-camrs have way more knowledge than the current mob
Wow. That new intro is hot AF.
I bought my 2018 GT3 off a speculator. He had gotten upside down on a 911R (supposedly paid $500,000.00 to a dealership for it!). I had absolutely zero sympathy for him and got the car (with all of the options I wanted, including Sapphire Blue paint and a manual tranny) for several thousand dollars below MSRP. That said, I would probably never buy another one. The buying experience was the worst I have ever experienced. The Porsche dealership I originally approached was owned by client of a close friend of mine, so I was a known entity. Too, I offered to pay cash. What was their attitude? Test drive? Ha! Available cars? Ha! The salesman looked down his nose at me and quickly told me only clients who had established a, "relationship," with them were able to obtain an order. "What kind of relationship," I asked. "Well, people at the top of the list have ordered 918 spyders," said the salesman. "Have a nice day," was my response. I have never had that kind of experience before buying a car. And I will (hopefully) never again. What a racket. If I ever do sell my GT3 and buy another sports car it will NOT be a Porsche. Can anyone say, C8 ZR1? Hhhhmmm...?
I think a lot of the 991.1 GT3 discounts are also due to the 3.8L engine warranty coming due (for those extended to 10 years/120,000 miles).
What about ceramics or steels??
I remember the early 90s when everyone was speculating on sports cars. Jaguar XJ220 needed a £50K deposit prior to production. Shortly afterwards the market collapsed and everyone was trying to get their deposit back. You then found out who the real enthusiasts were as they were still wanting to buy the car.
“Chris Harris took a hit on his RS 4.0”?? There’s a video where Chris states that he bought a used 599 with the overs he made on that car!? Gen 2 RS’, especially the 4 litres were always very desirable from the outset...
He struggled to sell it from memory, he made a post about it not too long ago - and the money he made on the car was tiny compared to what they were later worth
@@JayEmmOnCars I'm pretty sure I remember him discussing the fact the Porsche was on finance and the monthlies were painful and that the £90k or so that he made on the car bought him that 599.... regardless, the 4 litre is an awesome car, and one that I can only dream about owning!
JayEmm on Cars not meaning to be argumentative. Appreciate the content, you’re doing a great job, keep it up 👌
@@jroach90 I agree, I don't think he took a hit on it. If he'd kept it for a year longer, he would have made over £250k. Same with Harry Metcalfe and his Zonda. He could have made a couple of million if he'd kept it, but he moved it on because the running costs were crazy. It seems that these two gentlemen are cut from a similar cloth. They buy their cars to use and enjoy, not to speculate on. As a keen driver, how much enjoyment can you get out of a £500k+ car anyway?
He made a small fortune on it
Love this show because of the reality of the flipping market. This all changes in GB when the C8 series comes ashore. It already has turned the American market upside down.
I think u just talked me into buying a 991 911 GT3 ...sorry it won't be a right hand drive one though ;-)
I was a Porsche salesman in Sydney when the first 996 GT3 was launched, well actually it was "rumoured" rather than "launched". I got a hold of a file that was 40 pages typed on plain A4 paper detailing the specification. It was about 15% more money than the plain Carrera. I rang 3 of my 911 customers and told them to get to the showroom ASAP. All 3 ordered a car and the next week there were none left for Australia ever. My customers couldnt thank me enough. One tipped me an air fare to London!
They were amazingly hard core compared to a Carrera, well priced and rare. That made them investible. When "the herd" run for it and they are overpriced they are not investible. Incredible that they (996) are now as a used car 4 times the price of a plain Carrera that was only 15% cheaper when new. The change of ownership to VW has in my view also led to a silly and confusing proliferation of "special editions" which are just VW group profiteering to the long term detriment of the brand.
If I had the money I'd buy GT3 991.1 or 991.2 model, insane cars for the money, especially the 991.1.
Cough - My 996.1 GT3 Club Sport is for sale :-)
Isn't the word ' OVERS ' in itself so depicting of the final run up of insanity used prices end 2019.... THIS VIDEO BEST WATCH OF 2020 AS IT IS WHAT WE ARE ALL THINKING, can we buy actually now buy a nice older modern depreciated GT product, use them, and the fake market gone.. Use them lose 10k and drive the tits out them if want over 3 years than aim hold your money flip em 6-12 months drive once - JayEmm quote indeed: PURE SPECULATOR buyer. Cheers J Emm
Hi Jay. I enjoy watching your videos and I’m wanting to ask you a question. I’ve forever been a Porsche fan since I was a child but haven’t had the opportunity to own one. I was looking at purchasing a Cayman S (981). However after falling in love with the 981 GT4 I’m hoping to be in a position to purchase one within the next 12 months. I’m an average guy with a decent job but not wealthy. I’m wanting to know if now is a good time to purchase a 981 gt4. I’m wanting to own the car for extended period of time and it won’t be a garage ornament. But I want to buy at the right time so I don’t break my bank. They range from £61k - £80k. What’s your thoughts?
leerud69 i know you didn’t ask me but I have a GT4 that I bought in October 2018. It was very low mileage at 1500 and the exact spec i wanted - comfort seats, yellow and steel brakes, but cost £85k, so I went for it. There were one or two others sneaking under £70k at the time but not in the colour or with the seats I wanted. The car now has 14.5k miles and is probably worth £65k, so I’ve taken a big hit, not that I plan on selling it soon. In hindsight I should have been a bit more patient and waited for a higher mileage car to come up and compromised on the colour if necessary. I’d also never done finance before so felt in better hands at a Porsche dealership so I ended up paying extra for that obviously and a little extra interest rate on the finance. This is not a tale of disaster or regret by any means but it does show you can save a lot of money if you use due diligence and are patient.
Ps I’m the guy from the GT4 strut tower failure vid on youtube “vehicle villains”
Peter Bett Hi Peter, thank you for the reply! I welcome any advice. And when you own a GT4 yourself then you’re a man who knows some information others like myself can find useful. I have been so close myself to going out and getting one financed last minute without thinking, but I haven’t luckily had other things going on which stopped me from doing so. I have noticed in the last 3-4 months the prices have dropped quite a bit which I expected with the release of the new GT4. And giving the current circumstances in the world I’m not sure wether to go for it now, or hold off and expect another drop. Like yourself I don’t expect the car to be an investment, but being human we don’t want to lose a lot of money in a short period of time. So would you advise on being a bit more patient and see how the market goes the next 12 months?. I don’t mind buying a gt4 with higher mileage at a cheaper rate being to me it’s a dream car.
leerud69 if you can afford it in about 4-12 weeks time i would buy then. This will be when the panic selling is still peaking. There may be a small recovery towards Christmas when things start to get back to normal, but tbh you can’t get far wrong in the near future, just be patient and keep a very close eye on the classifieds
I don´t know one GT3 or GT3 RS driver who would be so insane to spend so much over sticker for a car. People mostly use it on Trackdays and Touristenfahrten. It`s their dream toy and a lot of them have just a normal family car as 2nd runner. People like that think about brakes, tires, spare parts and in this category, the Porsche is the easiest car to handle. One guy I know had a 570 McLaren for a season and sold it because it costs too much to run in comparison. So a lot of them are really looking for what they spend and they don`t waste thousands more just to get a car early. - So I totally agree with what is said here in the Video. This overpricing doesn`t fly with most Porsche GT Owners.