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997 GT3 Market Watch


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2 minutes ago, JLD said:

To be fair it is disclosed in the ad that it’s previously written off

Only in the carsales fields, no mention in the ad text and no description of why.  I don’t particularly have an issue with it but it could easily be missed by a buyer.  But at that level any buyer would surely request PPI so unlikely to be duped.

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14 minutes ago, DJM said:

 He says he carefully inspected and found no damage to chassis but he has no details. 

 

 

 They all say that mate 😉

Track/guard rail/damage... Depends how hard it went in and on what angle whether it had chassis damage

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Thanks for the update @DJM 

What he needs to understand is that no wholesaler or dealer is going to touch it, because you cannot finance WOVR cars, a lot of buyers would still opt for that I’d imagine? And as I mentioned a few posts back, I know where wholesale was at on good history cars in recent times and it’s early to mid 100k, that’s what dealers are willing to pay! 

So whilst you’re probably the right buyer for the car, unfortunately what we appear to have is unrealistic price expectations from the seller! 
 

it could be a good car under all that, but the lack of supporting documentation for its ‘incident’ is always going to be a hindrance... it’ll be less of an issue in 20 years, but I don’t think you’d own it 2 based on the laws of averages Doug 😂

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7 minutes ago, edgy said:

it’ll be less of an issue in 20 years, but I don’t think you’d own it 2 based on the laws of averages Doug 

my reputation precedes me 😂

I've had the current car for a year now, still enjoying it and no intentions to swap it out......but the GT3 itch remains and will be scratched some day.  Probably in 2025 when 991 GT3s plummet in value after expiry of the 10 year engine warranty.  Buy cheap and budget for a new 991.2 engine when it goes bang (wrong thread for that discussion!)

the test is can I wait 5 years especially after GT3 Spa drive and RS hot laps in 4 months from now 😬😬

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It doesn’t take much to bend them, and equally so, they can be put right and *most* would never know. Any half decent body shop would be able to give a good indication as to what it’s had done and how good the work is. Personally I’d have no issue with owning something like this, if the price was right.

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6 minutes ago, spiller said:

It doesn’t take much to bend them, and equally so, they can be put right and *most* would never know. Any half decent body shop would be able to give a good indication as to what it’s had done and how good the work is. Personally I’d have no issue with owning something like this, if the price was right.

Yep that’s me, I’m a driver not a polisher so a perfect car is wasted on me.  Give me cheap over pristine

12 minutes ago, edgy said:

you cannot finance WOVR cars

Didn’t know that so his market just shrunk even further.  He’s now looking for a cash buyer that is not chasing factory original and can live with WOVR.  Very very few of those buyers.    Somebody say sub 100k....🤔?  I reckon he’ll keep it forever 😂

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7 minutes ago, DJM said:

Yep that’s me, I’m a driver not a polisher so a perfect car is wasted on me.  Give me cheap over pristine

The thing is all it needs is the correct wheels, some 2nd hand lights and maybe re trim the seats and you’d blend in with every other 997 CS. Then you can still track the crap out of it without guilt and look good in the process! Provided it’s been repaired properly, having your VIN on a “list” is a small price to pay for potentially very cheap entry fee. 

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4 minutes ago, spiller said:

The thing is all it needs is the correct wheels, some 2nd hand lights and maybe re trim the seats and you’d blend in with every other 997 CS. Then you can still track the crap out of it without guilt and look good in the process! Provided it’s been repaired properly, having your VIN on a “list” is a small price to pay for potentially very cheap entry fee. 

Totally agree! There is $20k worth of seats in there on a good day... unfortunately that day turned orange at some point!

12 minutes ago, DJM said:

Yep that’s me, I’m a driver not a polisher so a perfect car is wasted on me.  Give me cheap over pristine

Yeah I’m with you... I much rather the driver quality examples over showroom. 
 

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1 hour ago, spiller said:

The thing is all it needs is the correct wheels, some 2nd hand lights and maybe re trim the seats and you’d blend in with every other 997 CS. Then you can still track the crap out of it without guilt and look good in the process! Provided it’s been repaired properly, having your VIN on a “list” is a small price to pay for potentially very cheap entry fee. 

My arse doesn’t fit in those seats so I’d swap in some other seats, repaint the cage and wheels and that’d be enough to start with. Oh and toss the subwoofer.

Retrim the seats and worry about factory wheels and lights at some stage for future resale.

but at 145k he’s dreamin’ so it’s all a moot discussion...for now 🤔

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2 hours ago, DJM said:

@edgy I managed to get in contact.  Seller says it apparently hit a barrier on track in 2007 (previous owner) when it was a month old.  He says he carefully inspected and found no damage to chassis but he has no details.  Appears to have been cosmetic only but still suss on why it had interior out, new lights, retrim etc as you highlighted.

He is happy to submit it to PPI at a PC which is encouraging.

He says it’s a factory Clubsport, factory seats & cage and has the extinguisher but not the original wheels.  Reckons mechanically perfect, no over revs etc.  I asked for VIN number, not provided.....

Notwithstanding all that he is firm on price so it’s not for me.  I was really just looking for a $120k GT3 to track hard 😀

Knowing finicky Porsche buyers who want super original, pristine, full history cars ....or no sale, my guess is it will languish on market for a while yet.  I don’t think the price delta is adequate to cover the patchy history, mods, WOVR etc no matter how “good” he thinks the car is otherwise.  Sad but true.

Suspect he'll be standing firm for a while then.....

My thoughts re WOVR. if the car was only a few months old when it hit the barrier, then given the value of the car when new, it must have been a huge hit and hugely expensive to repair if it was written off, whereas, I could see a much more moderately damage car that is, say 10 years old, being written becuase of the cost to repair vs value.  So, there could be two similar cars on the WOVR, and depending when the damage was, one could have been far less damaged than the other.....

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5 minutes ago, TwoHeadsTas said:

Suspect he'll be standing firm for a while then.....

My thoughts re WOVR. if the car was only a few months old when it hit the barrier, then given the value of the car when new, it must have been a huge hit and hugely expensive to repair if it was written off, whereas, I could see a much more moderately damage car that is, say 10 years old, being written becuase of the cost to repair vs value.  So, there could be two similar cars on the WOVR, and depending when the damage was, one could have been far less damaged than the other.....

Yep had the same thought.  A LOT of cosmetic non structural damage to write off a $300k car!

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On 2 January 2020 at 18:29, edgy said:

So whilst you’re probably the right buyer for the car, unfortunately what we appear to have is unrealistic price expectations from the seller! 

This guy will not consider any discussion of price unless I fly to Qld and inspect the car.  I've bought several cars from interstate in the last few years (964 C2, 996 GT2, 2 x RX7 track cars, X5) sight unseen and it worked well each time when the seller is legit and reasonable and local specialist inspects the car.  As the saying goes, you buy the owner as much as the car.  Suffice to say I won't be buying from this bloke and his tiny buyer pool just got even smaller.  

I suspect with this attitude, the shady GT3 with dodgy orange bits and ambitious asking price will languish on market for a looooong time......

Hey Doug, a bit miffed are you? It's just your attitude I resent, also that you appear to be quite illiterate, and either can't spell or are a really crappy typist. In other words you're a troll. So yeah, see ya

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5 hours ago, DJM said:

This guy will not consider any discussion of price unless I fly to Qld and inspect the car.  I've bought several cars from interstate in the last few years (964 C2, 996 GT2, 2 x RX7 track cars, X5) sight unseen and it worked well each time when the seller is legit and reasonable and local specialist inspects the car.  As the saying goes, you buy the owner as much as the car.  Suffice to say I won't be buying from this bloke and his tiny buyer pool just got even smaller.  

I suspect with this attitude, the shady GT3 with dodgy orange bits and ambitious asking price will languish on market for a looooong time......

Hey Doug, a bit miffed are you? It's just your attitude I resent, also that you appear to be quite illiterate, and either can't spell or are a really crappy typist. In other words you're a troll. So yeah, see ya

Sound like a bit too aggressive low ball offer mate! Fair cop! Regardless if it’s written off!

Just sold a Gt car and had a few stupid offers which were responded to in the same manner.

No offence but you have had a habit of talking down the Gt market of late so....

read this nice comment on similar value threads on  Rennlist from people who only want to pay peanuts for a truely awesome machine.

”So if a car is $140k instead of  $150k,does that mean your actually going to buy it? Is $10k going to break the deal? Or  people on here just like predicting car prices instead of buying cars “

Get one FFS ,pay to play and enjoy!

just sayin

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Nice 997 GT3 with reasonable Klm's for sale.  Added bits and deleted bits that are not usual with GT3's and it's black for those black car lovers.

https://www.carsales.com.au/cars/details/2007-porsche-911-gt3-997-manual-my08/SSE-AD-6433633/?utm_campaign=search-alert&utm_source=notification-center&utm_medium=email

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34 minutes ago, Lucky Phil said:

Nice 997 GT3 with reasonable Klm's for sale.  Added bits and deleted bits that are not usual with GT3's and it's black for those black car lovers.

https://www.carsales.com.au/cars/details/2007-porsche-911-gt3-997-manual-my08/SSE-AD-6433633/?utm_campaign=search-alert&utm_source=notification-center&utm_medium=email

That’s a really nice example, sweet spec if you’re not going to track it often... the full leather pack really give the interior a more premium look too, as does the PCM... I always thought that was one area my 997 didn’t live up to my 996 (996 had full leather, 997 doesn’t) 

that’s nearly half the money of a current 991.2 touring... I know where my $$$ would go 😬

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5 hours ago, Ntg said:

Sound like a bit too aggressive low ball offer mate! Fair cop! Regardless if it’s written off!

Just sold a Gt car and had a few stupid offers which were responded to in the same manner.

No offence but you have had a habit of talking down the Gt market of late so....

read this nice comment on similar value threads on  Rennlist from people who only want to pay peanuts for a truely awesome machine.

”So if a car is $140k instead of  $150k,does that mean your actually going to buy it? Is $10k going to break the deal? Or  people on here just like predicting car prices instead of buying cars “

Get one FFS ,pay to play and enjoy!

just sayin

Yeah, nah, no offer was made, I was simply seeking to engage in a discussion of what his (dodgy mod, written off) car is worth......all I got was some idiot seller refusing to discuss unless I flew to Qld to inspect.   My point is I have BOUGHT 5 cars sight unseen from interstate when there was a genuine, willing seller at a price I was happy with.  So NO SALE!I Thought that was worth sharing.  Having said that, my old man was Scottish so have a penchant for a bargain, not a crime last time I checked 🤔

As to “talking down the value of GT cars of late”......umm what?  Last time I checked we’re in a General Marketplace and Values Discussion thread and I have posted little “of late”.  If you scroll back, quite a few others chimed in saying it was well over priced.  I’m the bunny who had a dip at it and fed back to the brains trust.  At the right price I would buy it. FWIW if that thing sells north of 120k I’ll go he.   

meanwhile I have a track car, I’d like a GT3 for road and track, I follow the values discussion, I wax and wane on which one I want, I have a dip from time to time when something takes my fancy.  But no rush, it’ll happen one day.

Meanwhile I’ll be worrying about Iranian antics and bushfires.

 

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28 minutes ago, Shedpest said:

Why would the “Orange Whip” car be on the WOVR if it was damaged at the track?

Wouldn’t be the first to bin on track but falsify an insurance claim as if it were a road accident.

i questioned the car’s history, got vague responses which don’t stack up as you point out.  Also as someone mentioned how does minor cosmetic damage result in a 1 month old GT3 being written off.  

I asked for VIN number so I could check.

didnt get me far.......😂.  Probably says enough to run away....fast.

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