996 GT3 Purchase

[symsy]

32 minutes ago, NAC911 said:

The problem is people arent buying 20yo GT cars for track use, they're buying them as collectors and "cool" toys. 

Look at Classic Aussie Homologation Musclecars like GT -HO's, GTS's, A9X's etc. 

Nobodys racing them, they're garage queens.

That's where the money's coming from, financially cashed up car collectors.  

 

Same is happening with homologation 911's. Actually all 911's...

Fools with their money.. they should drive em and be car lovers .. parking and admiring it only,  like W..king over porn vs getting laid .. and for sure they will never find love .. well notional at best .. not that 8k+ love and vibration, when you push hard on the go pedal..when being driven , not just reved up in the garage/storage for ya mates. 

20 minutes ago, hugh said:

Any GT Porsche is very hard to beat in terms of what they offer for the $$$. Performance, reliability, driving experience & sale residuals are all unrivalled IMO. That is why there is such a healthy demand for these cars. 

Get one whilst they are cheap. 

There on the way down , I agree ..  will get one .. as they fall back to their value less bullshit inflations  .. im glad you drive yours 

[hugh]

2 minutes ago, symsy said:

There on the way down , I agree ..  will get one .. as they fall back to their value less bullshit inflations  .. im glad you drive yours 

Later model GT3's maybe, less likely early 996/997 values will drop significantly. 

They have to be used, far too much car to have them waste away sitting there. Had a great weekend in mine, on the verge of a little too much fun...........such a riot of a car to drive. 

[edgy]

1 hour ago, symsy said:

why would drive a 20yr car vs any GT car 5 year old if you want a track experience

For me, I like the art of driving... not saying I am shit hot driver, but there is some fulfilment in driving without all the tech. 

41 minutes ago, NAC911 said:

The problem is people arent buying 20yo GT cars for track use, they're buying them as collectors and "cool" toys. 

This is the unfortunate broader truth... there are very few people still tracking old GT cars, I think a lot of dudes justified their recent purchases to their significant other by means of investment potential... and taking that nest egg to the track is a big no no! 

10 minutes ago, symsy said:

There on the way down , I agree ..  will get one .. as they fall back to their value less bullshit inflations 

If that happens mate, I'll be right there with you to catch whatever falls...

 

[symsy]

5 minutes ago, hugh said:

Later model GT3's maybe, less likely early 996/997 values will drop significantly. 

They have to be used, far too much car to have them waste away sitting there. Had a great weekend in mine, on the verge of a little too much fun...........such a riot of a car to drive. 

You know im an advocate of driving em and owning em.. kicking tyres on em ..the rest is just passing banter .. 

2 minutes ago, edgy said:

 

If that happens mate, I'll be right there with you to catch whatever falls...

 

Will probably only catch manuals mate .. and if you do catch some catch two and loan one to a poor fella , who only aspires to get another 

I gotta back the drop in price concept mate to be able to live with selling the last one  

 

[SS 3]

38 minutes ago, symsy said:

I gotta back the drop in price concept mate to be able to live with selling the last one

Love your truth mate all this banter around what GT cars are better or offer the better etc etc is a croc 

they’re all awesome in there own way and you learn to drive them accordingly 

buy what you want and can afford to drive is the more pointed Question 

Dont buy them if you can’t really afford them as you won’t enjoy them as you expect to.  Instead you will garage them fearing the kms will decrease the value 

which……. Is not the point really 

 

 

[edgy]

1 hour ago, symsy said:

and if you do catch some catch two and loan one to a poor fella , who only aspires to get another 

Done  

1 hour ago, symsy said:

I gotta back the drop in price concept mate to be able to live with selling the last one  

Mate.. you are meant to buy in the same market after you sell! 

[NAC911]

2 hours ago, symsy said:

Fools with their money.. they should drive em and be car lovers .. parking and admiring it only,  like W..king over porn vs getting laid .. and for sure they will never find love .. well notional at best .. not that 8k+ love and vibration, when you push hard on the go pedal..when being driven , not just reved up in the garage/storage for ya mates. 

There on the way down , I agree ..  will get one .. as they fall back to their value less bullshit inflations  .. im glad you drive yours 

The Aussie musclecar scene has been run by investors for a decade now. Parking cash, superannuation etc, Phase 3's bringing a Million dollars.

GT3's are a relative bargain over Aussie Muscle. 

[Carrera28]

44 minutes ago, NAC911 said:

The Aussie musclecar scene has been run by investors for a decade now. Parking cash, superannuation etc, Phase 3's bringing a Million dollars.

GT3's are a relative bargain over Aussie Muscle. 

I remember talking to a Ford dealer 10 years ago or so and he was saying that about half of the FPVs they sold were picked up on a truck and went into people's garages never to be driven. 

[Dalai]

38 minutes ago, Carrera28 said:

I remember talking to a Ford dealer 10 years ago or so and he was saying that about half of the FPVs they sold were picked up on a truck and went into people's garages never to be driven. 

Probably easier to get it picked up from the dealer then organising the truck after the inevitable breakdown halfway home? 

 

[flamingporsche]

Met a young guy last week who now owns (inherited) a 1-owner 3000mile GTHO Falcon from his granddad.  Has been de-badged for safe keeping and is in an positive-air storage bubble somewhere in the back of Sydney.  People have been putting away special cars for a long time - just a special amount of foresight to select something and lock it away forever.  Unfortunately, now the only thing the $1m+ GTHO is good for, is borrowing against.  It can't be driven.  You can't show it off because word will get out and it will get stolen.

[NAC911]

1 hour ago, Carrera28 said:

I remember talking to a Ford dealer 10 years ago or so and he was saying that about half of the FPVs they sold were picked up on a truck and went into people's garages never to be driven. 

100% true. I've got a Falcon XR8 Sprint, from the final week of production, it's worth 20k more than it was worth new, and so many have under 1000 k's on them. 

GT-F's with no k's on them by the dozen. Such a waste. 

 

[Peter John]

https://www.carsales.com.au/cars/details/1999-porsche-911-gt3-clubsport-996-manual/SSE-AD-12603770

[LeeM]

1 hour ago, flamingporsche said:

 Unfortunately, now the only thing the $1m+ GTHO is good for, is borrowing against.  It can't be driven.  You can't show it off because word will get out and it will get stolen.

 So you already have basically a million dollars sitting in your shed that you can't drive because it's too valuable, then because it's a big asset, you borrow money against it? 🤔

 That makes absolutely no sense to me whatsoever to get in debt to buy something else, when you could flog the car off and be sitting pretty debt free.

 

 

[GT3MEZ]

I guess the capital appreciation exceeds the cost of debt. Sounds like a good investment and a lousy motor vehicle experience. That said, there are things we all own, don't use, and will never sell - just most of them don't appreciate!

[NAC911]

5 hours ago, Carrera28 said:

I remember talking to a Ford dealer 10 years ago or so and he was saying that about half of the FPVs they sold were picked up on a truck and went into people's garages never to be driven. 

Before posting, check your post count lol

[micknine01]

2 hours ago, Peter John said:

https://www.carsales.com.au/cars/details/1999-porsche-911-gt3-clubsport-996-manual/SSE-AD-12603770

Thanks for changing the subject @Peter John

300k! Imagine how much a white one would be worth 😎

[James P]

3 hours ago, Peter John said:

https://www.carsales.com.au/cars/details/1999-porsche-911-gt3-clubsport-996-manual/SSE-AD-12603770

I remember this car being for sale a while ago... 

41 minutes ago, 901er said:

Thanks for changing the subject @Peter John

300k! Imagine how much a white one would be worth 😎

I have a white & a yellow CS, well maybe not the yellow one anymore after today 😎

[symsy]

20 minutes ago, James P said:

I remember this car being for sale a while ago... 

I have a white & a yellow CS, well maybe not the yellow one anymore after today 😎

Where did all the red ones go  

[Rick V]

They’re almost as common as those speed yellow ones…….😜

[flamingporsche]

5 hours ago, LeeM said:

 So you already have basically a million dollars sitting in your shed that you can't drive because it's too valuable, then because it's a big asset, you borrow money against it? 🤔

 That makes absolutely no sense to me whatsoever to get in debt to buy something else, when you could flog the car off and be sitting pretty debt free.

 

 

Can’t sell the car. It’s a family legacy. Like a farmer… asset rich and cash poor

[Dreamr]

6 hours ago, LeeM said:

 That makes absolutely no sense to me whatsoever to get in debt to buy something else, when you could flog the car off and be sitting pretty debt free.

 

People do it every day in the real estate space.

Buy a house, it goes up in value. Borrow against the increased price to buy another property. Then at the end, you have 2 houses, or 3, or 4 etc.

No point in sitting pretty on 1 property when it can be used to increase your wealth .. using other people's money ..

Just something to ponder..If you are debt free with the house you live in, apart from having to keep on working and the old age pension, where is the retirement money coming from??

[symsy]

8 hours ago, Dreamr said:

People do it every day in the real estate space.

Buy a house, it goes up in value. Borrow against the increased price to buy another property. Then at the end, you have 2 houses, or 3, or 4 etc.

No point in sitting pretty on 1 property when it can be used to increase your wealth .. using other people's money ..

Just something to ponder..If you are debt free with the house you live in, apart from having to keep on working and the old age pension, where is the retirement money coming from??

Ok I will start a thread for an investor group , anyone want  chunks  25k - 100k shares in Porsche metals stocks ..   You In?

So back to red cars .. where are all the 997 GT3s also .. there aint any other other thread 🤪

[P-Kay]

14 minutes ago, symsy said:

where are all the 997 GT3s

Recently adjusted down and the right colour for you --> https://www.carsales.com.au/cars/details/2007-porsche-911-gt3-997-manual-my07/SSE-AD-12120152/?Cr=1

 

[symsy]

36 minutes ago, P-Kay said:

Recently adjusted down and the right colour for you --> https://www.carsales.com.au/cars/details/2007-porsche-911-gt3-997-manual-my07/SSE-AD-12120152/?Cr=1

 

ok , I better not upset the 996 followers , but I would want all the sticky dash shit gone , be wondering what happened to that under bonnet sticker , get rid of those gangsta black wheels and for fuch sake .. hows about those door entry kicks .. doesnt even look like its had a vacuum... and the grubby mit marks on the steering dash,  taking the Piss .. 🤪. Im not sure i could live with those buckets again either for a regular use car .. as  mine was , 3-4  times a week driven even if only for the fastest latte run

[GT3MEZ]

https://www.drive.com.au/news/federal-government-to-impose-capital-gains-tax-on-used-car-sales/?utm_campaign=syndication&utm_source=smh.com.au&utm_content=article_4&utm_medium=partner&fbclid=IwAR2JPNCGxItXewlTQ0Np_q_TKbatt3M6MsWVVmVP8VdJq3PG9rsl-VSKGSo