I’m a GT3 guy I’ve owned 3. I refuse to get a new one because the dealers are out of their minds. $75,000 over is what they quoted me when the 992 came out. After 8 Porsches I’m done and I’ll drive something else until they recover their minds . A GT3 is not worth $200,000 and up. It’s just not I bought a LOADED 2007 gt3 with PCCBs for $120,000
Range Rover, M5, 911 Turbo, 7 Series etc have always lost huge money in the first 12 months due to massive dealer discounts. M5's were £25k off pre-Covid. People have forgotten this since the Covid spike uplifted values so greatly due to lack of new car production and therefore no discounts. Now we are back in the real world!
Yep, there's nothing new here; big expensive cars always depreciate. An m5 estate at 120k will depreciate below 100 in its first year (once the initial "must have" demand subsides which drives overs on the first years supply of cars). Similarly even with the depreciation proof GT3RS, it's the appetite to have in straight away means prices can get really silly until the spotlight fades, it really is that simple.
If you love the car, yes. However, the vast majority of people buying these cars are doing so because their accountant have told them too. If they start losing money, people will be looking for the door. If enough people want to get out and there's not enough people buying, then prices will fall. Simple supply and demand economics
@@cameronmmj9291 of course. Unless your first in to the opportunity your always going to be disappointed. I was first in in 2020 with some second hand models - they were compared to today low priced. Then they rocketed and although have settled back a little are still worth 20% more than I paid 4years ago. Not many mass produce manufactures cars enjoy such an upward trajectory.
This is wrong. A huge % of GT3 RS owners solely purchased the car because of how little they depreciate, it’s basically a bank account for them, knowing they have a fast, super car that they can cash in at any time.. now the party is coming to an end.
@@askiff1415 All of it. People don’t buy the GT3 RS because “they can afford not too worry” if that was the case they would buy a much more flashy Lamborghini or Ferrari. They buy the GT3 RS because it is known to retain its value, it’s basically like buying gold. Now that the car is depreciating, it will destroy the image of what it once was.
Car market is weird in the US right now. Cars are priced high but many people don’t have the money to purchase. Hard to know where the market is headed
Yeah. The thing about buying cars to flip is that essentially what you’re doing is investing in an asset in the expectation that it will appreciate in value. If you know what you’re doing - great. But investing without knowing what you’re doing is called, err, gambling! So many don’t know the difference and get burned!
What a miserable sod you are. Focus on yourself you melt instead of wishing negative things onto others. Just because you couldnt afford one in the first place you salty weapon !
Fact. The analog driving feel is gone and ironically these new Porsches are way too fast to be enjoyed on the normal roads anymore. Ironically they became "too good". And how do you maintain these electronic monstrosities long term like the 80's and 90's classics?
AGREED!!! The 997 GT3RS was peak porsche.. This new GT3RS is purely a track only car, but there was a weird period where guys were using the GT3RS cars as weekend car show vehicles. The 992 GT3RS just looks ridiculous on the street.
Why would one expect the GT3RS to keep it’s value? There are numerous iterations of GT3RS and more incoming. The GT4RS on the other hand is never to be repeated
Porsche prices went up 30%+ like most other cars during covid. Some seen this as a safe place to invest but that came with a high premium and a reality a future 40%+ was always going to happen. A local trader who buys expensive cars has been left (holding the baby) reducing a 20k mile range rover svr from £54,000 down to £30,000 just to sell it, audi rs4 30k miles reduced by £10k etc. My father who's been in the trade a long time bought cheap stock and he sold everything. Cheaper deals/bigger adjustments to come for cars and houses.
Archie Hamilton Racing Great Video I definitely agree that all Car prices have been dropping and I think it's awesome for the people that don't have enough to buy at Super high prices
Interesting stuff from someone who knows what they’re talking about. I have perhaps a different attitude to buying cars though. I buy them like I’d buy a tv or a fridge - ie I find the car I want and can afford, pay cash for it and expect to hang on to it. I couldn’t care less about depreciation as I’ve written the money off in my mind. I’m sure that’s not right for everyone but it works for me.
We have 2 cars & 1 motorbike, owned for 7, 15 & 16 years, I love cars but just have better things to spend my hard earned money on, especially as I’ve had debt problems 17 & 30 years ago. Now that my mortgage has been paid off, I’m looking at spending up to £15k on a BMW to replace our oldest car.
Archie, talk about MB G63 klass , prices , second market prices , perspective in terms of value. Another topic would be ,, ranking cars which holds their value as investment at the moment
The world is changing and the automotive industry could have a lot of very extreme changes. If governments go super super hard then the change could wipe out everything. scary times and I think that fear might put cars way under list.
Unlikely unless there is a significant power train difference which is further unlikely. The .2 will lose some features that may seem insignificant (analog tach, turn key) for a generic Taycan type screen and persistent driver aids. The 991.2RS are still strong too and the 992.1 will probably settle around low mid 200s but not because of the 992.2.
@@cw205mi16The new models come with hybrid systems that make the vehicle MUCH faster than the previous generation.. it’s going to tank the 992.1 models. The GT3 RS is safe for now but once the hybrid GT2 RS comes out next year, it’s game over.
@@Glock7eventeenthe GT2RS is a separate halo model and isn't really connected to the GT3RS. The 992 3RS have settled down on their accord and will naturally further but not from the release of the new GT2RS - that's something you might connect to the 991GT2RS but it's unlikely to have much impact on that either.
@@cw205mi16 this was true in the past when the GT2 was far more expensive, but not anymore as the GT3 RS is only slightly less expensive.. the MSRP for the GT2 will be less than the resale value of the GT3
@@Glock7eventeenmsrp is relative and the GT2RS will be significantly higher than the GT3RS which was £192k UK (used values are irrelevant for those buyers able to buy one new). New gt2 price may well be "cheaper" than used 3RS but it's not a logical comparator. Used 991 GT2 in uk are £300-350k for 6 years old, nearly new 992 3RS are dropping to £250k now the hype has calmed and they'll likely drop a touch more (though the best 991.2 3RS are still around £200k. New GT2RS will likely be £400-500k again for flipped cars.
Unless your buying older vintage i think your lose money in todays market . Cars are being released to quickly and overloading the market. Especially the sport saloon and touring models .
I agree with you 100% as I've seen my 991.2 GT3 CS manual drop since March 23 when I bought it . Where do you see the GR Yaris going when the new one arrives ? Dropping , as there is a new model out or holding fast , maybe even rising , as the new model will be considerably more than the existing model ?
Gr Yaris with the circuit pack will hold its value extremely well. The new ones are over 45k- higher road tax etc the older ones will be looking a lot more attractive and value for money is insane. I work for Toyota and we’ve just received our auto demo , the manual version is way more fun to drive and so much more engaging.
@@iftyahmad7191 Odd, I was told there are no new ones for sale, only the odd lucky one got offered one. I was in the 'hat' as I purchased the 1st edition, but received an email saying no car. As did most others.
the last 5-6 years have been an aberration. Porshces and ferraris used to be cheap and will be again. A 70k out of warranty BMW is a misnomer. Nobody is buying those cars anymore. Irs are 5%, and companies are going bust left and right. Add in the massive complexity and difficulty in working on those cars, and I just dont see how a 3 year old X5M is worth a penny over 40. And im being generous.
Can you do a video on financing cars vs paying cash. And maybe highlight the advantages and disaddisadvantages as I’ve always learnt that borrowing money is moronic but to part money 50k of cash on something losing money seems stupid aswel
I will tell you what i do. I have property to let, which pays the car finance. Lets say you pay 50k cash for a car, that cash fizzles away whether the car was on finance or not, it will still be worth the same in 5 years. So what i would do with 50k cash is buy a cheap property (scotland i stay) spend a couple quid getting it ready to let. Let the property out for £700/£800/£900 depending what property you get, then that property income can pay your finance payments, and you still have the car at the end of the agreement, and will make you money for the rest of your life, or you decide to sell it and get your money back, you spend that 50k on a car, even though your not paying interest on monthly payments. Your losing money each month due to depreciation. There are other ways. But in my opinion you rarely lose money on bricks and water.
Would love to hear your thoughts on the g82 m4 and what will happen to the pre LCI's, will they hold their value or will the go down? I'm looking at getting a 2023/2024 g82 but don't know if I should wait a little longer.
I’ve been in this game long enough. Reality, it’s ended. There is no way in the next decade anyone will make money on GT3 or GT. not enough cash, you all buy cars on finance, good whilst it lasted. Tough dog dirt.
My local dealer in Toronto, Canada has a brand new fully loaded 2024 GT3 RS with no miles on it listed at $510K Canadian dollars, this is roughly $375K USD. There’s a dozen more at roughly the same price up here in Canada.
A 911 GT3*, GT2, 718 Cayman GT4 RS are race cars with turn signals. People who buy them have specific objectives and so does Porsche when they designed them. Now the 911 Turbo S is faster in a straight line than any of the GT# RS variants, but it's so understated, that a Mazda Miata gets more looks, if that's why you buy a vehicle.
They have made over 8K 992 GT3 models. EIGHT THOUSAND. Compare that to 964 RS, 964 Turbo 3.6 Leichtbau, 993 RS, 993 Turbo S and 993 GT2. They made just a few hundred each. No wonder those hand built cars will always be exclusive and super desirable. And great investments too. 992 is a mass produced car and they ruined the whole GT value thing by building way too many of them. Not to say that takes anything away from the car which is incredible but how do you think that kind of mass produced car is an "investment"? That's just nuts and tells how clueless people who buy these as "investments" are. Just enjoy the amazing car and forget about the whole "investment" bubble crap.
Good video, Archie.. interesting! My question is, when dealers are only allowed to sell new electric vehicles in 2030, what do you think will happen to the prices of petrol/diesel cars ? Go up or down ?
free market, owner have right to sell whoever they wants, gt3rs is crashing because porsche produces so many of them, since Porsche become public company, they don’t care about owners, just make as much as they could, it will apply to new GT2RS, no more collectable Porsche
I keep watching these videos from Britain on how the Porsche prices are crashing. It must be a different world out there. In the United States, there is no price crashing on these cars. They are just as expensive as ever, if not more!
Well Archie, dont stress over prices dropping on cars, they are dropping on loads of other things that went through the roof during covid and Porsche didn’t help themselves by snubbing customers without a massive buyer profile like Rolex did, they are paying the price now, I wanted to buy one and the laughed at me I wont set foot in a Porsche showroom again
Are M3 Touring's really dropping that much? The lower spec cars would have been circa £87 / £88k new. These are retailing around £72k after 12 to 18 months. 2023 Ultimate pack cars were around £97k new and now range from £77k to £87k retail. You always loose more in the first year but personally I dont think its terrible. In comparison M3 saloons and M4's look like there are loosing more money. Id rather have the M3T.
Yep a bit of a surprise but there are quite a few of them and once first owners have had the thrill, then the second hand market fills up but prices will rise in the long term. Also its a very specialist thing and the std 992 Gt3 can do its job for even less cash. Cars like the 992 St will be solid investments. Anyway more GT3 Rs about for the great unwashed like me to choose from, horrraa😅.
DUDA these cars will crash below 458 Italia Prices.. what used car would You buy? a stupid cheap Porsche with Volkswagen quality interiors, or a Ferrari 458 if You was in the second hand market sports car buying?! The answer is definitely a no brainer and about the weissach pack...today making carbon fibre parts costs as much as making fiberglass parts, so literally almost like plastic DEFINITELY WAY CHEAPER THAN ALUMINIUM.
They are not a limited production car. There are a lot of them out there and you can still order one now. The same happened with the GT4 RS. Currently, on Piston Heads there are 90 992 GT3/GT3RS Vs 70 991 GT3/GT3 RS. A lot of long term Porsche owners and buyers feel the 991.2 series GT cars were the best produced with very little real world performance difference e.g. 991.2 GT3 RS Fig 8 - 22.0 s, 0.98 avg g, 1.19 lat g, Cup2 R, braking from 60 mph 92 ft, 1/4m 11.0 @ 127.6 mph ----- 992.1 GT3 RS Fig 8 - 21.9 s, 0.97 avg g, 1.18 lat g, Cup2 R, braking from 60 mph 92 ft, 1/4m 10.9s @ 126.8 mph (data from Motor Trend independent testing).
Porsche also don't want to buy taycans back as the battery replacement (only warranted for 100k) cost almost the same as the 2nd hand car. Better off investing in a battery disposal company(shares) 😂
My opinion… Any Porsche 911 RS should be about drivers experience first, followed by performance. They should also be beautiful, like the classic 911 body has been for decades. While the new RS is an engineering marvel and an apex weapon, no doubt about it, it has sacrificed driver experience significantly and has departed from the beauty of a 911. Is the new RS an awesome thing to look at? Yes. Is it 911 beautiful? No. If Porsche gave this thing a different designation (not 911) and did not use the GT3 RS, it would not break my heart. I adore Porsche, but…
Because everything is down from the ridiculous highs that they were when everyone wanted it. People were not paying what they thought cars would resell for not what they were worth. The BMW touring cars are just not a thing outside of Europe and even not outside of specific countries in Europe.
All cars are price correcting as they are in a huge bubble, more crashes to come.. Been waiting for this.. About time too after loads of crooks got greedy
They are not dropping in our area. Not sure where you are looking. It won't matter anyway. Just like homes dropping a bit with higher interest rates. It will all change once rates come down, and they will. Spent what you can afford and have fun. Quit worrying about the market to get your dream car....
Also maybe less than 1% procent of the drivers can make a difference on track with a 992 gt3 rs vs 992 Gt3. Why to give so much more money and lose the trunk?
You say they are cheap cars out there at the moment.. They are actually still over priced.. Average lesson can't afford 30 or 40k plus on a car. The bubble is popping
The whole "scene" is on it's way out. It's dawning on people just how crazy it is to be on a constant conveyer belt of dealer ship madness. Willy waving down at the car meet with the latest RSSCFU now looks a bit daft, just like solid gold chip shop Rolex's doo. Take the 992 GT3, the ultimate shoulder pad car, it's become a characterture of it's once brilliant self, the Joan Collins of the automotive world. No Frunk, nowhere to put anything with the cage and the worlds (apart from the Zenvo) most ridiculous rear wing. Sell them whilst you can.
Less power than the much cheaper Turbo , retarded engine placement that requires a bunch of computers to keep the car in check . Porsches way of charging you to remove weight , instead of giving you a better price because of less options . A proper car company like GM doesn't bend their customers over and take them from behind , instead they make a better car and sell it for way less . if rear engine was better than mid engine than why were the CGT and 918 mid engine like the Cayman ? The 911 was known as a widow maker when it had less than half the power , it's not the driver or the engine placement that makes the 911 a good car it's the supercomputer that makes it safe . These are the reasons I laugh at people who payed way to much for an inferior car , while I enjoy the reliability of my American junk 😂
Porsche gt3rs has dropped by maybe 150k. Crucially still over list but mssive drop off. Like archie said if u play the game with porsche you still get to drive these cars for free.
now that Labour is in power, everyone is going to be skint, so yeah prices will drop, the stock market will crash when they announce increased Capital Gains tax as everyone will cash in before the new tax year.
Sorry Archie..... the Car Market is going to take a big bath..... all premiums have gone and all Porsches, Ferrari's and Lambo's will soon reflect that..... the correction is here to stay....
(going off click bait title) 2022-2023s are still selling for $400k+. Explain how a $230-275k car, selling for well over $100-150k its value, is considered crashing.
Because it's down from the $500k+ they were selling for. Anyone with a brain knows they're not going to selling for below MSRP anytime soon. So within the context of the GT3 RS market, crashing would be an appropriate description. Not rocket science.
I’m a GT3 guy I’ve owned 3. I refuse to get a new one because the dealers are out of their minds. $75,000 over is what they quoted me when the 992 came out. After 8 Porsches I’m done and I’ll drive something else until they recover their minds . A GT3 is not worth $200,000 and up. It’s just not
I bought a LOADED 2007 gt3 with PCCBs for $120,000
@@jimsteinway695 Yet im sure you wouldn’t complain about selling it today for over 250K ?
@@tbtb196 thats cus he didnt buy a 2007,some of those are going for even half a mill.
Range Rover, M5, 911 Turbo, 7 Series etc have always lost huge money in the first 12 months due to massive dealer discounts. M5's were £25k off pre-Covid. People have forgotten this since the Covid spike uplifted values so greatly due to lack of new car production and therefore no discounts. Now we are back in the real world!
Yep, there's nothing new here; big expensive cars always depreciate. An m5 estate at 120k will depreciate below 100 in its first year (once the initial "must have" demand subsides which drives overs on the first years supply of cars). Similarly even with the depreciation proof GT3RS, it's the appetite to have in straight away means prices can get really silly until the spotlight fades, it really is that simple.
Generally if you can comfortably afford to buy a GT3RS you can afford not too worry if it does what the majority of cars do and depreciate
If you love the car, yes. However, the vast majority of people buying these cars are doing so because their accountant have told them too.
If they start losing money, people will be looking for the door. If enough people want to get out and there's not enough people buying, then prices will fall.
Simple supply and demand economics
@@cameronmmj9291 of course. Unless your first in to the opportunity your always going to be disappointed. I was first in in 2020 with some second hand models - they were compared to today low priced. Then they rocketed and although have settled back a little are still worth 20% more than I paid 4years ago. Not many mass produce manufactures cars enjoy such an upward trajectory.
This is wrong. A huge % of GT3 RS owners solely purchased the car because of how little they depreciate, it’s basically a bank account for them, knowing they have a fast, super car that they can cash in at any time.. now the party is coming to an end.
@@Glock7eventeen what bit is wrong?
@@askiff1415 All of it. People don’t buy the GT3 RS because “they can afford not too worry” if that was the case they would buy a much more flashy Lamborghini or Ferrari. They buy the GT3 RS because it is known to retain its value, it’s basically like buying gold. Now that the car is depreciating, it will destroy the image of what it once was.
Car market is weird in the US right now. Cars are priced high but many people don’t have the money to purchase. Hard to know where the market is headed
Same all over the world as manufacturers got greedy when finance was very cheap because of 0% base rates for a decade
It’s dropping like crazy here in the US
@@jakemiles4470 The price of used and collectobles etc is dropping like mad in the UK but new car prices are crazy high
@@jakemiles4470many cars price drop similar 765lt close 390k.
its like the housing market, nothings selling and prices keep rising
Oh, what a surprise that used luxury cars are depreciating ..... It's not crashing, it's reality check.
Good. I hope those who ordered to flip are taking huge baths!
Yeah. The thing about buying cars to flip is that essentially what you’re doing is investing in an asset in the expectation that it will appreciate in value. If you know what you’re doing - great.
But investing without knowing what you’re doing is called, err, gambling! So many don’t know the difference and get burned!
What a miserable sod you are. Focus on yourself you melt instead of wishing negative things onto others. Just because you couldnt afford one in the first place you salty weapon !
peanut butter and jealous haha
Yes. Agree.
Modern cars are starting to lose their appeal. So many people buying cars from the 90’s and 00’s now. That’s where the market is going to be soon.
Couldn’t agree more, I traded in my f30 328 for a nc miata and have not regretted it once, the simplicity of the drivetrain is unbeatable
Fact. The analog driving feel is gone and ironically these new Porsches are way too fast to be enjoyed on the normal roads anymore. Ironically they became "too good". And how do you maintain these electronic monstrosities long term like the 80's and 90's classics?
AGREED!!! The 997 GT3RS was peak porsche.. This new GT3RS is purely a track only car, but there was a weird period where guys were using the GT3RS cars as weekend car show vehicles. The 992 GT3RS just looks ridiculous on the street.
Hanging on to my low-mile '01 Audi S4 Avant. Maybe someday it will help me get into a 911 🤣
Why would one expect the GT3RS to keep it’s value? There are numerous iterations of GT3RS and more incoming. The GT4RS on the other hand is never to be repeated
Yeah we saw the previous gen depreciate so this will do the same thing
@@randomchannel323 that’s a given as it soon won’t be the newest shiny toy no more.
GT4 RS never repeated? Not so sure. Porsche always lie. Remember when they said 911 R was the last manual?
There’s Wayyy too many RS models out there now. Porsche have saturated the market.
@@jimmyjt16 I still think a Cayenne RS would be cool but really silly though
In the U.S. the market is definitely softening, albeit still over MSRP. Over the past month I've seen fall build allocation for 75K to 100K over.
Prices are crashing all the way to 100K over original MSRP. Ohh what shall we do…
There won’t be anyone paying more than 2 something for a GT3RS,some are 250k already which is more like list and not 100k over
@@barry4347 Some...
@@SchlomoSionyes some have realised the real value if they want to sell and the others have been for sale for 12-18 months at silly prices 🙃
click bait usually this guy gives actual useful content
Buy one at MSRP - just line it up on the configurator and order it.
Porsche prices went up 30%+ like most other cars during covid. Some seen this as a safe place to invest but that came with a high premium and a reality a future 40%+ was always going to happen. A local trader who buys expensive cars has been left (holding the baby) reducing a 20k mile range rover svr from £54,000 down to £30,000 just to sell it, audi rs4 30k miles reduced by £10k etc. My father who's been in the trade a long time bought cheap stock and he sold everything. Cheaper deals/bigger adjustments to come for cars and houses.
There not crashing they where massively overpriced now there coming to there true value
Over list is still not bad for the people who bought (could buy) one new to enjoy.
Archie Hamilton Racing Great Video I definitely agree that all Car prices have been dropping and I think it's awesome for the people that don't have enough to buy at Super high prices
Because people with too much money were overpaying ridiculous amounts for them.
Interesting stuff from someone who knows what they’re talking about. I have perhaps a different attitude to buying cars though. I buy them like I’d buy a tv or a fridge - ie I find the car I want and can afford, pay cash for it and expect to hang on to it. I couldn’t care less about depreciation as I’ve written the money off in my mind.
I’m sure that’s not right for everyone but it works for me.
We have 2 cars & 1 motorbike, owned for 7, 15 & 16 years, I love cars but just have better things to spend my hard earned money on, especially as I’ve had debt problems 17 & 30 years ago.
Now that my mortgage has been paid off, I’m looking at spending up to £15k on a BMW to replace our oldest car.
@@iaing9028Good luck - hope you find a great Bimmer & enjoy it!
You need more content like this really enjoyed this.
Archie, talk about MB G63 klass , prices , second market prices , perspective in terms of value. Another topic would be ,, ranking cars which holds their value as investment at the moment
If a gt3 could drop to about £80k, I’m in.
Maintenance costs: That's where we come in
Drop a 0 and I’ll be in!
@@24ct_G I know right.
991 gt3 at Cambridge for sale
@@randomchannel323 I do all my own. Bring it on!
The world is changing and the automotive industry could have a lot of very extreme changes. If governments go super super hard then the change could wipe out everything. scary times and I think that fear might put cars way under list.
What car are you driving in the video?
Paid $40,000 over msrp for my 2024 GT3 - shark blue. Probably can trade it in on my Ferrari 296 GTB for about that number.
Face Lifts drive prices of last year's cars down. The introduction of the 992.2 will bring down prices of 992.1 models.
Unlikely unless there is a significant power train difference which is further unlikely. The .2 will lose some features that may seem insignificant (analog tach, turn key) for a generic Taycan type screen and persistent driver aids. The 991.2RS are still strong too and the 992.1 will probably settle around low mid 200s but not because of the 992.2.
@@cw205mi16The new models come with hybrid systems that make the vehicle MUCH faster than the previous generation.. it’s going to tank the 992.1 models. The GT3 RS is safe for now but once the hybrid GT2 RS comes out next year, it’s game over.
@@Glock7eventeenthe GT2RS is a separate halo model and isn't really connected to the GT3RS. The 992 3RS have settled down on their accord and will naturally further but not from the release of the new GT2RS - that's something you might connect to the 991GT2RS but it's unlikely to have much impact on that either.
@@cw205mi16 this was true in the past when the GT2 was far more expensive, but not anymore as the GT3 RS is only slightly less expensive.. the MSRP for the GT2 will be less than the resale value of the GT3
@@Glock7eventeenmsrp is relative and the GT2RS will be significantly higher than the GT3RS which was £192k UK (used values are irrelevant for those buyers able to buy one new). New gt2 price may well be "cheaper" than used 3RS but it's not a logical comparator. Used 991 GT2 in uk are £300-350k for 6 years old, nearly new 992 3RS are dropping to £250k now the hype has calmed and they'll likely drop a touch more (though the best 991.2 3RS are still around £200k. New GT2RS will likely be £400-500k again for flipped cars.
Unless your buying older vintage i think your lose money in todays market . Cars are being released to quickly and overloading the market. Especially the sport saloon and touring models .
No one asked for your obvious to everyone point of view
I agree
@@marcelwallace6679your car tanking eh??😂
@@marcelwallace6679 nobody asked you to reply !!! Muppett
@@Nord_Mann either that or it's his time of month
I agree with you 100% as I've seen my 991.2 GT3 CS manual drop since March 23 when I bought it . Where do you see the GR Yaris going when the new one arrives ? Dropping , as there is a new model out or holding fast , maybe even rising , as the new model will be considerably more than the existing model ?
Gr Yaris with the circuit pack will hold its value extremely well. The new ones are over 45k- higher road tax etc the older ones will be looking a lot more attractive and value for money is insane. I work for Toyota and we’ve just received our auto demo , the manual version is way more fun to drive and so much more engaging.
@@iftyahmad7191 Odd, I was told there are no new ones for sale, only the odd lucky one got offered one.
I was in the 'hat' as I purchased the 1st edition, but received an email saying no car. As did most others.
@@iftyahmad7191for daily is the best similar Hyundai N.
Thoughts on M3 G80 pricing, LCI and used please Archie.
the last 5-6 years have been an aberration. Porshces and ferraris used to be cheap and will be again. A 70k out of warranty BMW is a misnomer. Nobody is buying those cars anymore. Irs are 5%, and companies are going bust left and right. Add in the massive complexity and difficulty in working on those cars, and I just dont see how a 3 year old X5M is worth a penny over 40. And im being generous.
This is more than an adjustment a big reality check for new cars & as for EVs its dire that is great news.
Can you do a video on financing cars vs paying cash. And maybe highlight the advantages and disaddisadvantages as I’ve always learnt that borrowing money is moronic but to part money 50k of cash on something losing money seems stupid aswel
I will tell you what i do. I have property to let, which pays the car finance. Lets say you pay 50k cash for a car, that cash fizzles away whether the car was on finance or not, it will still be worth the same in 5 years. So what i would do with 50k cash is buy a cheap property (scotland i stay) spend a couple quid getting it ready to let. Let the property out for £700/£800/£900 depending what property you get, then that property income can pay your finance payments, and you still have the car at the end of the agreement, and will make you money for the rest of your life, or you decide to sell it and get your money back, you spend that 50k on a car, even though your not paying interest on monthly payments. Your losing money each month due to depreciation. There are other ways. But in my opinion you rarely lose money on bricks and water.
@@pb3382 thanks mate, makes sense ! Great way at looking at it.
Would love to hear your thoughts on the g82 m4 and what will happen to the pre LCI's, will they hold their value or will the go down? I'm looking at getting a 2023/2024 g82 but don't know if I should wait a little longer.
@@GeNTiee they will hold their value solely because of how reliable the engine is.
I’ve been in this game long enough. Reality, it’s ended. There is no way in the next decade anyone will make money on GT3 or GT. not enough cash, you all buy cars on finance, good whilst it lasted. Tough dog dirt.
UK market way different from North America … losing selling 3RS below MSRP 😂😂
The GT3 RS a year ago was asking around $550k, now you can find it around $450k.
My local dealer in Toronto, Canada has a brand new fully loaded 2024 GT3 RS with no miles on it listed at $510K Canadian dollars, this is roughly $375K USD. There’s a dozen more at roughly the same price up here in Canada.
@@Glock7eventeentrue in usa round 350k and down similiar happens sto and 756lt Prince 390-370k.
Interesting. Thank you.
Those GT3’s are Fugly. Given the choice I would prefer a 911 Turbo S any day of the week.
Me too
A 911 GT3*, GT2, 718 Cayman GT4 RS are race cars with turn signals. People who buy them have specific objectives and so does Porsche when they designed them. Now the 911 Turbo S is faster in a straight line than any of the GT# RS variants, but it's so understated, that a Mazda Miata gets more looks, if that's why you buy a vehicle.
They’re beautiful but not $500K beautiful 😂 many cars out there that are $100K or less that look way better, such as the Audi RS7.
They have made over 8K 992 GT3 models. EIGHT THOUSAND. Compare that to 964 RS, 964 Turbo 3.6 Leichtbau, 993 RS, 993 Turbo S and 993 GT2. They made just a few hundred each. No wonder those hand built cars will always be exclusive and super desirable. And great investments too. 992 is a mass produced car and they ruined the whole GT value thing by building way too many of them. Not to say that takes anything away from the car which is incredible but how do you think that kind of mass produced car is an "investment"? That's just nuts and tells how clueless people who buy these as "investments" are. Just enjoy the amazing car and forget about the whole "investment" bubble crap.
In Australia some idiots want $995000 Aud or $600 K GBP
Drug dealers and similar have lots to
Launder…
Similiar overprice aventador revuelto becouse low stock but when stock increase price drop similar sf90.
With so many companies like Singer selling remanufactured Porshe 964s and 993s this was bound to happen to new Porshe sales.
Servicing and maintenance generally set you underwater
Good video, Archie.. interesting! My question is, when dealers are only allowed to sell new electric vehicles in 2030, what do you think will happen to the prices of petrol/diesel cars ? Go up or down ?
They are the new clout car. I hope the Porsche market falls drastically. It’s gotten to be a joke.
free market, owner have right to sell whoever they wants, gt3rs is crashing because porsche produces so many of them, since Porsche become public company, they don’t care about owners, just make as much as they could, it will apply to new GT2RS, no more collectable Porsche
I know someone who flipped a 992 gt3 on release and recently just been given a 4rs from another dealer!
I believe that. Money talks.
congratulations! you discovered that cars prices go down with their age. and when the new model is around the corner. 🤦🏼give me back my 5min please
I keep watching these videos from Britain on how the Porsche prices are crashing. It must be a different world out there. In the United States, there is no price crashing on these cars. They are just as expensive as ever, if not more!
Not true.
During the peak they were going for $500K+
A year ago the cheapest ones were $450K
Today you can find several for $380-390K.
Well Archie, dont stress over prices dropping on cars, they are dropping on loads of other things that went through the roof during covid and Porsche didn’t help themselves by snubbing customers without a massive buyer profile like Rolex did, they are paying the price now, I wanted to buy one and the laughed at me I wont set foot in a Porsche showroom again
Are M3 Touring's really dropping that much? The lower spec cars would have been circa £87 / £88k new. These are retailing around £72k after 12 to 18 months. 2023 Ultimate pack cars were around £97k new and now range from £77k to £87k retail. You always loose more in the first year but personally I dont think its terrible. In comparison M3 saloons and M4's look like there are loosing more money. Id rather have the M3T.
Yep a bit of a surprise but there are quite a few of them and once first owners have had the thrill, then the second hand market fills up but prices will rise in the long term. Also its a very specialist thing and the std 992 Gt3 can do its job for even less cash. Cars like the 992 St will be solid investments. Anyway more GT3 Rs about for the great unwashed like me to choose from, horrraa😅.
DUDA these cars will crash below 458 Italia Prices.. what used car would You buy? a stupid cheap Porsche with Volkswagen quality interiors, or a Ferrari 458 if You was in the second hand market sports car buying?!
The answer is definitely a no brainer and about the weissach pack...today making carbon fibre parts costs as much as making fiberglass parts, so literally almost like plastic DEFINITELY WAY CHEAPER THAN ALUMINIUM.
For the same price you can get f8 tributo, 812 super fast or Ferrari 292 gtb you have many options.
PEOPLE ARE WAKING UP
They are not a limited production car. There are a lot of them out there and you can still order one now. The same happened with the GT4 RS. Currently, on Piston Heads there are 90 992 GT3/GT3RS Vs 70 991 GT3/GT3 RS. A lot of long term Porsche owners and buyers feel the 991.2 series GT cars were the best produced with very little real world performance difference e.g. 991.2 GT3 RS Fig 8 - 22.0 s, 0.98 avg g, 1.19 lat g, Cup2 R, braking from 60 mph 92 ft, 1/4m 11.0 @ 127.6 mph ----- 992.1 GT3 RS Fig 8 - 21.9 s, 0.97 avg g, 1.18 lat g, Cup2 R, braking from 60 mph 92 ft, 1/4m 10.9s @ 126.8 mph (data from Motor Trend independent testing).
GT3 Tourings are the rarest compared to GT3 winged and RS. It’ll hold the best .
The era of cheap credit is over. Cars will depreciate as they did before.
How about regular GT3s?
Didnt you put a deposit on on a new X5M?
Porsche also don't want to buy taycans back as the battery replacement (only warranted for 100k) cost almost the same as the 2nd hand car. Better off investing in a battery disposal company(shares) 😂
Great content and your new garage is full of lovely stock 👍
Not here in FL. People still paying over MSRP. Nuts.
UK is a different market. RHD cars
My opinion… Any Porsche 911 RS should be about drivers experience first, followed by performance. They should also be beautiful, like the classic 911 body has been for decades. While the new RS is an engineering marvel and an apex weapon, no doubt about it, it has sacrificed driver experience significantly and has departed from the beauty of a 911. Is the new RS an awesome thing to look at? Yes. Is it 911 beautiful? No.
If Porsche gave this thing a different designation (not 911) and did not use the GT3 RS, it would not break my heart.
I adore Porsche, but…
Not in the US
Because everything is down from the ridiculous highs that they were when everyone wanted it. People were not paying what they thought cars would resell for not what they were worth.
The BMW touring cars are just not a thing outside of Europe and even not outside of specific countries in Europe.
All cars are price correcting as they are in a huge bubble, more crashes to come.. Been waiting for this.. About time too after loads of crooks got greedy
"allocations"
This sounds like The big Short ‘ Luall in the market … next sub prime ?
Standard m cars not cs ect will always drop hard
They are not dropping in our area. Not sure where you are looking.
It won't matter anyway. Just like homes dropping a bit with higher interest rates. It will all change once rates come down, and they will.
Spent what you can afford and have fun. Quit worrying about the market to get your dream car....
I’ve got a budget going cheap, I did have he was delicious
why do you keep suggesting cars should increase in value ?
With the BMW M5 will be the same as the Audi RS 6 give it two years they will be 70k or lower depending on spec
Also maybe less than 1% procent of the drivers can make a difference on track with a 992 gt3 rs vs 992 Gt3. Why to give so much more money and lose the trunk?
You say they are cheap cars out there at the moment.. They are actually still over priced.. Average lesson can't afford 30 or 40k plus on a car. The bubble is popping
Prices will keep falling through the floor, especially anything BMW M.
they are not worht that much anymore too many around !
The whole "scene" is on it's way out. It's dawning on people just how crazy it is to be on a constant conveyer belt of dealer ship madness. Willy waving down at the car meet with the latest RSSCFU now looks a bit daft, just like solid gold chip shop Rolex's doo. Take the 992 GT3, the ultimate shoulder pad car, it's become a characterture of it's once brilliant self, the Joan Collins of the automotive world. No Frunk, nowhere to put anything with the cage and the worlds (apart from the Zenvo) most ridiculous rear wing. Sell them whilst you can.
Lotta words for someone who doesn’t own a gt3 and never will😂
@@j3Wki113r Correct, i'm sticking my GT3 touring. Out of interest, tell all the boys and girls what you own?
With Porsche moving a bit more towards EV’s, surely this is good news for longer term residual values on GT2/3/4/RS models with ICE 🤷
992 GT3RS's......I predict will sell for under list one day, and fairly soon.
I want the GT3... 🙏
Whats happened to your RRS SV edition one?
Did you cancel and get into the octa instead?
Or did you defer and wait for the SV edition two?
Because it went "BUBBLE" that's why. Porsche over Priced and Over Rated their GT3 when every man with some money wanted one
Less power than the much cheaper Turbo , retarded engine placement that requires a bunch of computers to keep the car in check . Porsches way of charging you to remove weight , instead of giving you a better price because of less options . A proper car company like GM doesn't bend their customers over and take them from behind , instead they make a better car and sell it for way less . if rear engine was better than mid engine than why were the CGT and 918 mid engine like the Cayman ? The 911 was known as a widow maker when it had less than half the power , it's not the driver or the engine placement that makes the 911 a good car it's the supercomputer that makes it safe . These are the reasons I laugh at people who payed way to much for an inferior car , while I enjoy the reliability of my American junk 😂
Porsche gt3rs has dropped by maybe 150k. Crucially still over list but mssive drop off. Like archie said if u play the game with porsche you still get to drive these cars for free.
This is good news 👌
A GT2 is much more expensive and it’s much harder to drive. It’s not the end all be all. They’ll be over $300,000 USD and that’s Ferrari money
AMG GTR ???????? Where is the market heading?
Lets hope they drop down to 25k so i could get one 😂
now that Labour is in power, everyone is going to be skint, so yeah prices will drop, the stock market will crash when they announce increased Capital Gains tax as everyone will cash in before the new tax year.
This car selling vlog belongs on the other channel so us car fans can avoid
Sorry Archie..... the Car Market is going to take a big bath..... all premiums have gone and all Porsches, Ferrari's and Lambo's will soon reflect that..... the correction is here to stay....
Paid 270000 pounds for my Weissach 992 3RS
Congratulations! When and where did you buy it ?
(going off click bait title) 2022-2023s are still selling for $400k+. Explain how a $230-275k car, selling for well over $100-150k its value, is considered crashing.
Because it's down from the $500k+ they were selling for. Anyone with a brain knows they're not going to selling for below MSRP anytime soon. So within the context of the GT3 RS market, crashing would be an appropriate description. Not rocket science.
Not in the uk they’re not. Nice ones are way under £300k and falling fast.
Why have a gt3 when you can have a 55 plate sti with 600 hos 🤣🤣🤣🤣🤣
Buy one ASAP! It's an outrageously good car.
NEVER buy a new Porsche
Banking collapse incoming, buy silver and gold 😉
For those buying for speculation, womp womp
As England seems to be following us in Wales with these ridiculous 20mph speed limits, not sure you need a 200mph car🤔😂
R8
Because it’s simply ugly 😂
Crashing back to MSRP?...lol.
There over produced that’s why there not holding there dough
M3 is soooooo ugly!!!!
Well spec’d GT3 RS in Canada is around 380k msrp and the majority are still selling between 525-550k no no price drops over here 😑🫠🫠
I'd guess only a small amount go there which helps?