Pork or chicken?

GregorJP · 13-09-2014, 08:45 PM

So I've spent the day looking at a Gen 1 997 GT3 and a Gen 2. One is at £65k and one is at £85k. As I feared would happen, looking at a Gen 2 has completely now overshadowed the older car. It's sublime. It's also right at the very top of my price range and so I'm a prime candidate for chickening out instead of just diving in. The fact that I haven't quite sold the CSL yet is sitting on my mind a bit. Plus there's the small issue of not having a garage that I can put the car in - it's going to be on my drive until I move house.

Anyway, my question for the team is: do you think that 997 GT3 prices have topped out? If I go for a Gen 2, am I looking at an appreciating asset (like the CSL) or will it drop like a stone. I'm nervous about this because I lost almost £10k in 9 months on the last 911 I bought.

chrisburns · 13-09-2014, 08:52 PM

Personally I think GT3 prices are at their very peak at the minute. They rocketed over the last few months, why I do not know.

To answer your question unless it is an RS I do not believe you are looking at an appreciating asset with either phase. They will drop before levelling out especially when 991GT3 prices start to drop in a few years. Current 996 GT3 prices are eventually where 997 model are going to end up.

On a side not, looking at a Gen 2 was a bad idea. Big price difference but as you said massively more developed and make the Gen 1 like sitting in a 996 by comparison

LeinsCSL · 13-09-2014, 09:05 PM

Bit like Chris, I think these have gone too high now. If it's not RS or GT2, I can't see them being a potentially good investment

Saying that, if I had to put all my chips on something Pork as an investment, it'd be a 3.3 964 or 930 Turbo

MCSL · 13-09-2014, 09:17 PM

I had a gen2 (2010, PCCB's, lift etc) and whist it was an epic car, i don't think it's currently £20k better than a gen1. Both cars will give the same thrills. I'd be wanting the cheapest gen1 Clubsport with official Porsche warranty - which you can extend until it's 10 years old. You don't need any fancy extras like sat-nav, lift, sports-chrono etc.

Yanto · 13-09-2014, 09:41 PM

Unless you REALLY want it, I wouldn't get into pork at current prices unless I was buying new (991 RS).

khooni · 13-09-2014, 10:33 PM

997 gen 2 gt3 is sublime.

I have a 7.2 rs which i drive on occasion but a regular 7.2 gt3 is equally epic. i wouldn't hesitate if you want to try something different. If on track only, the gen 1 will be a better bang for buck but if you are using it as a road car with occasional track use, the gen 2 wins hands down.

NBTBRV8 · 14-09-2014, 02:44 AM

Two years ago I was looking to buy a 997 Gen 1, but got a good deal on a Gen 2 which really stretched me financially, but I am so glad I did. It is a development cycle along and such a great car. Go for the Gen II, otherwise it will always be in the back of your mind that you compromised.

Enjoy the opportunity while you can.

Das Chin · 14-09-2014, 09:53 AM

stretch yourself Gregor. GT3 prices are only going one way and with the metzger engine in the back they will keep on going up!

the gen 2 is supposed to be the best of all so go for that if I was you. you will only look back or see one on the road and hate yourself!

a 7.2 RS just made 200k so its all to play for.

13-09-2014, 08:45 PM	#1
GregorJP S5 - Full Throttle Join Date: Sep 2011 Posts: 319 Casino cash: $2092	Pork or chicken? So I've spent the day looking at a Gen 1 997 GT3 and a Gen 2. One is at £65k and one is at £85k. As I feared would happen, looking at a Gen 2 has completely now overshadowed the older car. It's sublime. It's also right at the very top of my price range and so I'm a prime candidate for chickening out instead of just diving in. The fact that I haven't quite sold the CSL yet is sitting on my mind a bit. Plus there's the small issue of not having a garage that I can put the car in - it's going to be on my drive until I move house. Anyway, my question for the team is: do you think that 997 GT3 prices have topped out? If I go for a Gen 2, am I looking at an appreciating asset (like the CSL) or will it drop like a stone. I'm nervous about this because I lost almost £10k in 9 months on the last 911 I bought.

14-09-2014, 09:53 AM	#8
Das Chin S5 - Full Throttle Join Date: Mar 2013 Location: kent Posts: 477 Casino cash: $5938	stretch yourself Gregor. GT3 prices are only going one way and with the metzger engine in the back they will keep on going up! the gen 2 is supposed to be the best of all so go for that if I was you. you will only look back or see one on the road and hate yourself! a 7.2 RS just made 200k so its all to play for. __________________ 996 GT3 mk2 Guards Red

13-09-2014, 08:52 PM	#2
chrisburns S5, Sport Off, DSC M-track Join Date: Jan 2008 Location: N.Ireland Posts: 653 Casino cash: $12778	Personally I think GT3 prices are at their very peak at the minute. They rocketed over the last few months, why I do not know. To answer your question unless it is an RS I do not believe you are looking at an appreciating asset with either phase. They will drop before levelling out especially when 991GT3 prices start to drop in a few years. Current 996 GT3 prices are eventually where 997 model are going to end up. On a side not, looking at a Gen 2 was a bad idea. Big price difference but as you said massively more developed and make the Gen 1 like sitting in a 996 by comparison

13-09-2014, 09:05 PM	#3
LeinsCSL S5, Sport On, DSC M-track Join Date: Jan 2011 Location: Dublin Posts: 1,240 Casino cash: $13662	Bit like Chris, I think these have gone too high now. If it's not RS or GT2, I can't see them being a potentially good investment Saying that, if I had to put all my chips on something Pork as an investment, it'd be a 3.3 964 or 930 Turbo

13-09-2014, 09:17 PM	#4
MCSL S5 - Full Throttle Join Date: Mar 2013 Posts: 326 Casino cash: $4114	I had a gen2 (2010, PCCB's, lift etc) and whist it was an epic car, i don't think it's currently £20k better than a gen1. Both cars will give the same thrills. I'd be wanting the cheapest gen1 Clubsport with official Porsche warranty - which you can extend until it's 10 years old. You don't need any fancy extras like sat-nav, lift, sports-chrono etc.

13-09-2014, 09:41 PM	#5
Yanto CSL Register Uber-poster! Moon Lander Champion! Ragdoll Master Champion! Join Date: Mar 2009 Location: Docklands, London Posts: 5,931 Casino cash: $40036	Unless you REALLY want it, I wouldn't get into pork at current prices unless I was buying new (991 RS).

14-09-2014, 02:44 AM	#7
NBTBRV8 S5 - Full Throttle Join Date: Sep 2009 Location: Other Side of the World Posts: 280 Casino cash: $10862	Two years ago I was looking to buy a 997 Gen 1, but got a good deal on a Gen 2 which really stretched me financially, but I am so glad I did. It is a development cycle along and such a great car. Go for the Gen II, otherwise it will always be in the back of your mind that you compromised. Enjoy the opportunity while you can.