996 Turbo / GT2 Turbo discussion on previous model 2000-2005 Porsche 911 Twin Turbo and 911 GT2.

what is a 10k mile 02-03 gt2 ACTUALLY worth in this economy?

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Old 06-24-2010, 08:07 AM
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what is a 10k mile 02-03 gt2 ACTUALLY worth in this economy?

what have they ACTUALLY been selling for? asking prices really dont matter - just curious as to what buyers are actually paying. Love to hear the input on this one. Thank you.
 
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Old 06-24-2010, 08:17 AM
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I've looked at this market really closely recently. There are several really nice cars with asking prices around $100k that have been sitting and sitting.

I bought my car for well under $70k, but it has 50k miles and lots of mods (+ for me, may be negative for some).

I would say the "real" market for a low mileage, perfect GT2 from a buyer's perspective is around $80k or so. It's hard to call it a buyer's market when there are so few cars and sellers unwilling to face economic reality (big bid/ask spread), so things just don't trade.

It doesn't matter what the bid is if the sellers won't sell.
 
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Old 06-24-2010, 08:28 AM
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80k is about right.. they may ask 90 but 80k seems fair..

Mike
 
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Old 06-24-2010, 08:28 AM
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Interesting website, but sorry no GT2 listed, few GT3's; guess it depends on how desperate the sellers are to bail out? Very limited supply so I'm guessing still pretty pricey??

http://www.pricehub.com/price/Porsch...tion_date:DESC
 
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Old 06-24-2010, 08:33 AM
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yeah, i have a mint 8,500 mile car that I was thinking about putting back on the market, but just trying to figure out if its a waste of time. I originally had it up for a hiar under 80, but just got people via phone calls that offered me high 60s sight unseen... nobody even came to look at it - and I had it up for 2 months. Finally I said, screw it, ill just keep it. I just saw a 03 go at auction (cobalt blue should bring a bit of a premium) with roughly 13k miles sold for 70, so I would hope retail is a bit better than that.

Does anyone think that the market will increase in the near future, or is that just wishful thinking?.. I would assume that these lowere mileage, stock cars, should be the most desireable....
 
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Old 06-24-2010, 08:46 AM
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Old 06-24-2010, 08:49 AM
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yep, that thread is very helpful, but obviosuly doesnt contain production-by-color numbers.
 
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Old 06-24-2010, 08:54 AM
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Originally Posted by ExclusiveTT
yep, that thread is very helpful, but obviosuly doesnt contain production-by-color numbers.
Agreed, but with those limited numbers if your looking for a specific car/mileage looks like vinyl wrap might be your only alternative if color is a big factor?
 
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Old 06-24-2010, 08:59 AM
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Sold my perfect '02GT2 with 3000 miles in Febuary 2009 for $89K
This included 19" Champion rg5's and gt3 seats plus the originals.

3 different dealers offered me anywhere from $55K - $70K buy or trade January of last year.

The Seinfeld '02 GT2 was on ebay the same time as mine and because it went just north of $100K (but did not sell) - I think it helped elevate the price I sold my car for.

Your car today, unfortunately about $75K max retail.
 
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Old 06-24-2010, 09:10 AM
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I know of a Grey '03 GT2 with 2k miles that sold for $85k less than a month ago.

For a stock, low mileage car like that, I think it will sell anywhere in the $80k - $90k range, depending on the color.
 
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Old 06-24-2010, 09:12 AM
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yeah, thats what I was thinking.. 75 area.
dive - yeah, mine is just boring arctic silver , so I dont think I will get any type of premium for the color, but I thought the low mileage would help a bit.
 
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Old 06-24-2010, 10:29 AM
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$75 - $85K is what they are actually worth. I know of four people who have bought recently and that's the price range they paid for their Cars. I bought mine at the very bottom of the market and got a screaming deal, especially given the condition of the Car and the interior.

I have a hunch that these Cars might eventually appreciate a bit as people get tired of the flappy paddle shifters, the video game instrumentation, the traction control and get out of jail free electronic Nannies. At least I HOPE that will happen...

There aren't too many of the 996 GT2's out there.. I see way more Lamborghinis, Ferrari Scuderias, Aston Martins, GT3's and even Veyrons around here in the Bay Area than I see GT2's. I have NEVER seen another GT2 on the roads here, other than my friend Frank's Seal Grey 2003. I have seen 4 Veyrons, 5 or 6 Carrera GT's and many, many Scuderias etc. etc.

I get a TON of thumbs up from people in all sorts of Cars when I am out driving the GT2.... They get this goofy grin on their faces and start taking pictures with their Cell Phones.
 

Last edited by 80shilling; 06-24-2010 at 10:34 AM.
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Old 06-24-2010, 11:03 AM
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Originally Posted by 80shilling
I bought mine at the very bottom of the market.
Great so the recession is over?
 
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Old 06-24-2010, 11:06 AM
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Originally Posted by 2muchtime
Great so the recession is over?
\

I wish...

But the prices for these Cars has gone up since I bought mine, or at least that's what it seems like.
 
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Old 06-24-2010, 11:08 AM
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I have noticed it seems like all Pcars are creeping upwards again.
 


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