mezgertruth Posted 7February, 2020 Report Share Posted 7February, 2020 Dear all, I'm considering selling a 2010 997.2 GT3 RS. It's currently based in Singapore but can easily be brought in to Australia via personal import. I'm not sure how the market is like for personal imports in Australia, but just wish to gauge interest in any case. Car has 85,000km now and has been maintained regularly by a Porsche specialist. Drives fantastic, only work that needs done is a new LSD as I am told this is worn. Everything else works with no check lights. Had the car for a year and decided a 997 GTS probably works better for Singapore... could also consider keeping the car in Australia where it would be better utilised with more on-site tracks. Open for a discussion! Thank you for viewing. DJM and Rod C 2 Quote Link to comment Share on other sites More sharing options...
Stepo Posted 7February, 2020 Report Share Posted 7February, 2020 28 minutes ago, mezgertruth said: Love that pic, great looking car! Peter 996, DJM and mezgertruth 2 1 Quote Link to comment Share on other sites More sharing options...
Jason A Posted 7February, 2020 Report Share Posted 7February, 2020 $$$ ? Quote Link to comment Share on other sites More sharing options...
mezgertruth Posted 7February, 2020 Author Report Share Posted 7February, 2020 24 minutes ago, Jason A said: $$$ ? Hi Jason, am looking at about A$370k negotiable. Quote Link to comment Share on other sites More sharing options...
Jason A Posted 7February, 2020 Report Share Posted 7February, 2020 Oh ok, GLWS- that’s more than local delivery cars have been fetching with less ks. Just to give you some idea of the market. Harold996tt 1 Quote Link to comment Share on other sites More sharing options...
MARTY Posted 7February, 2020 Report Share Posted 7February, 2020 Don’t they have a strange rule for cars 10 years old in Singapore like scrapping them? Or only getting a percentage of the tax paid on it back? Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 7February, 2020 Report Share Posted 7February, 2020 42 minutes ago, Jason A said: Oh ok, GLWS- that’s more than local delivery cars have been fetching with less ks. Just to give you some idea of the market. What are 997.2 RS cars selling for locally ? Quote Link to comment Share on other sites More sharing options...
spiller Posted 7February, 2020 Report Share Posted 7February, 2020 11 minutes ago, wilson59 said: What are 997.2 RS cars selling for locally ? I’m guessing high 2s or very low 3s is the number. Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 7February, 2020 Report Share Posted 7February, 2020 10 minutes ago, spiller said: I’m guessing high 2s or very low 3s is the number. My way of thinking they were always mid to high 3s from what I recall the last car selling for . Quote Link to comment Share on other sites More sharing options...
mezgertruth Posted 7February, 2020 Author Report Share Posted 7February, 2020 1 hour ago, MARTY said: Don’t they have a strange rule for cars 10 years old in Singapore like scrapping them? Or only getting a percentage of the tax paid on it back? Yes that’s right. It’s probably the only place in the world where the government gives you back money for scrapping the car at the 10th year mark. Anything older than 10, that money is gone. 11 minutes ago, wilson59 said: My way of thinking they were always mid to high 3s from what I recall the last car selling for . I thought so too. In any case, these cars are rare so it’s really a case of willing buyer willing seller I suppose. Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 7February, 2020 Report Share Posted 7February, 2020 3 minutes ago, mezgertruth said: Yes that’s right. It’s probably the only place in the world where the government gives you back money for scrapping the car at the 10th year mark. Anything older than 10, that money is gone. I thought so too. In any case, these cars are rare so it’s really a case of willing buyer willing seller I suppose. I remember the last red and white car sold was asking price 400 k .sold reasonably quick . The was a image of it dressed in its track livery. Looked for it couldn’t find it Quote Link to comment Share on other sites More sharing options...
356993??? Posted 7February, 2020 Report Share Posted 7February, 2020 I was fortunate to be taken around the Nurburgring in a 997.2 GT3RS by Sabine in her own car on hand cut slicks. On that day the car was priceless! It was the same as mezgertruth’s car, but she had KW suspension in it and steel rotors. its straight line performance was nothing special but with her driving the experience was bucket list (and almost vomit) worthy. Very dynamically impressive car in the right hands... At loosing licence type speeds. Quote Link to comment Share on other sites More sharing options...
WGA Posted 7February, 2020 Report Share Posted 7February, 2020 A couple of comments. That’s a high price especially considering the kms. i would want know what country the car originates from. Originally a Singapore car or some other country? It has ceramic brakes so with 80,000 kms on the clock, I would want to have the discs measured to see how much life is left in them because a new set of rotors will cost you $20k+ Besides all this, you will not be able to bring into OZ under the personal import scheme if you have not owned the car for 12 moths overseas and driven it 6,000kms. And even then, if it qualifies, you will have to pay 10% duty, 10% GST and 33% LCT on top of the $370K which means once landed, the car will owe you at least $470k making it completely unviable as a resale into the OZ market. CTS recently had a 16,000km car for sale for $350K and it probably sold for much less so the starting price on the Singapore car is OTT. Troubleshooter, Harold996tt, Tips and 1 other 4 Quote Link to comment Share on other sites More sharing options...
mezgertruth Posted 7February, 2020 Author Report Share Posted 7February, 2020 7 minutes ago, WGA said: A couple of comments. That’s a high price especially considering the kms. i would want know what country the car originates from. Originally a Singapore car or some other country? It has ceramic brakes so with 80,000 kms on the clock, I would want to have the discs measured to see how much life is left in them because a new set of rotors will cost you $20k+ Besides all this, you will not be able to bring into OZ under the personal import scheme if you have not owned the car for 12 moths overseas and driven it 6,000kms. And even then, if it qualifies, you will have to pay 10% duty, 10% GST and 33% LCT on top of the $370K which means once landed, the car will owe you at least $470k making it completely unviable as a resale into the OZ market. CTS recently had a 16,000km car for sale for $350K and it probably sold for much less so the starting price on the Singapore car is OTT. Car is an original import to Singapore. Yes it would be prudent to check the PCCBs. I did the same before I purchased the car. 12 months/6000km qualified and price quoted is already after all of the taxes and shipping I would have to pay. I did the research already and got quotes. I’m happy to hear what’s a reasonable price for the car if anyone is keen to buy it. Skidmarks and dipstick 2 Quote Link to comment Share on other sites More sharing options...
WGA Posted 7February, 2020 Report Share Posted 7February, 2020 Ok, so if I understand it correctly, this is your car that you would import into OZ under your name and then resell. If so, it’s going to be a very hard sale to make especially with those kms, a new LSD required and potentially new rotors because if it has spent all it’s life in Singapore, 80,000kms of driving in constant stop start traffic would be roughly equal to 120,000kms+ of driving in Australia. So I would guess that the car is worth no more that 250K, at best, in the OZ market. mezgertruth and Harold996tt 1 1 Quote Link to comment Share on other sites More sharing options...
Skidmarks Posted 7February, 2020 Report Share Posted 7February, 2020 1 hour ago, spiller said: I’m guessing high 2s or very low 3s is the number. Mid to high 3’s 997.1 recently sold for 330k spiller and mezgertruth 1 1 Quote Link to comment Share on other sites More sharing options...
hugh Posted 7February, 2020 Report Share Posted 7February, 2020 31 minutes ago, WGA said: So I would guess that the car is worth no more that 250K, at best, in the OZ market. I'm in at 250k and a full tank of 98. Skidmarks and DJM 2 Quote Link to comment Share on other sites More sharing options...
reggiegums Posted 7February, 2020 Report Share Posted 7February, 2020 2 hours ago, hugh said: I'm in at 250k and a full tank of 98. Same here. 2 hours ago, mezgertruth said: Car is an original import to Singapore. Yes it would be prudent to check the PCCBs. I did the same before I purchased the car. 12 months/6000km qualified and price quoted is already after all of the taxes and shipping I would have to pay. I did the research already and got quotes. I’m happy to hear what’s a reasonable price for the car if anyone is keen to buy it. Harry is here some where and he can guide you on personal imports into Aust from Singapore as he just did it. I would say just bring in and keep it for your own personal usage. mezgertruth 1 Quote Link to comment Share on other sites More sharing options...
spiller Posted 8February, 2020 Report Share Posted 8February, 2020 13 hours ago, Skidmarks said: Mid to high 3’s 997.1 recently sold for 330k I was going off the black 7.2 that was advertised for around 3 in Vic not long ago. It appears the RS market is still solid though! Quote Link to comment Share on other sites More sharing options...
1q2w3e4r Posted 8February, 2020 Report Share Posted 8February, 2020 2 hours ago, spiller said: I was going off the black 7.2 that was advertised for around 3 in Vic not long ago. It appears the RS market is still solid though! With orange accents? That was a 997.1 RS Quote Link to comment Share on other sites More sharing options...
spiller Posted 8February, 2020 Report Share Posted 8February, 2020 6 hours ago, 1q2w3e4r said: With orange accents? That was a 997.1 RS No it was a black 997.2 with red accents. It was wingless at one point too and was owned by someone on this forum...Jono someone Quote Link to comment Share on other sites More sharing options...
Skidmarks Posted 8February, 2020 Report Share Posted 8February, 2020 9 hours ago, spiller said: I was going off the black 7.2 that was advertised for around 3 in Vic not long ago. It appears the RS market is still solid though! Depends on the level of desperation of the buyer or seller! spiller 1 Quote Link to comment Share on other sites More sharing options...
Harold996tt Posted 8February, 2020 Report Share Posted 8February, 2020 On 07/02/2020 at 16:35, MARTY said: Don’t they have a strange rule for cars 10 years old in Singapore like scrapping them? Or only getting a percentage of the tax paid on it back? Yes but for a seller of an RS being taken off the road in Singapore, they will get back a percentage of the residual value (known as OMV) which should equate to roughly aud130-140k. So if they can sell the car for around 250k overseas it's still a total sales price of around 390k for the seller (approx due to exchange rate), so still not too bad for a seller. Quote Link to comment Share on other sites More sharing options...
mezgertruth Posted 8February, 2020 Author Report Share Posted 8February, 2020 13 minutes ago, Harold996tt said: Yes but for a seller of an RS being taken off the road in Singapore, they will get back a percentage of the residual value (known as OMV) which should equate to roughly aud130-140k. So if they can sell the car for around 250k overseas it's still a total sales price of around 390k for the seller (approx due to exchange rate), so still not too bad for a seller. Residual value is more like AU$100k actually. Not sure why the OMV values that time were quite low. Your 390k calculation doesn’t take into account the importation costs and taxes eg LCT. Quote Link to comment Share on other sites More sharing options...
Skidmarks Posted 8February, 2020 Report Share Posted 8February, 2020 23 hours ago, WGA said: Ok, so if I understand it correctly, this is your car that you would import into OZ under your name and then resell. If so, it’s going to be a very hard sale to make especially with those kms, a new LSD required and potentially new rotors because if it has spent all it’s life in Singapore, 80,000kms of driving in constant stop start traffic would be roughly equal to 120,000kms+ of driving in Australia. So I would guess that the car is worth no more that 250K, at best, in the OZ market. Let’s step back here and take a breath. It’s a 997.2 GT3 RS. They were all born in the same hospital. Dodgy diff (maybe). Rebuild cost 1500. I know because Ive done it. New diff cost 3500. I know because I’ve also done it (yes, I’m hard on the gear ..) Both plus labour. Replacement rotors. Where’d that come from? After 80,000? Don’t think so. On the premise of 80,000 km stop start city traffic, no chance. Nowhere near enough heat generated to cause appreciable wear. Pads maybe. Even so, shop smart and it’s 10K. Anyone who pays full freight isn’t trying hard enough. 80,000 km is 80,000 km ... $250,000 is wildly pessimistic. There is also a solid case for the proposition that a higher km car is a safer bet that one that’s not been used as much. Yes, the market values lower k cars and if I can, I buy those but ... ... it’s still a 997.2 GT3 RS Also, I like the “gaiters” that you’ve put on the side of the seats. Smart way to protect against wear. Also says something about the owner ... in a positive way. KeyboardWarrior77, hugh and wilson59 3 Quote Link to comment Share on other sites More sharing options...
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