911 GT3

[Rice N Beans]

you dont really buy a 911 to go and take your kids to school or go grocery shopping

t

I guess pre facing it with the word "I" didn't do much there.

If I could get a fast and practical car, I would. I don't like how impractical Porsches tend to be, but I understand the appeal of them in general.

 

[shutterguy]

Brehs I'm considering copping a used cayenne in a couple of years. Anything I should look out for?>

@Hiphoplives4eva

 

[MMA]

Perfect time to pick up a 991.1 gt3 or 991.1 gt3rs for anyone in the market. The prices are going no where right now. Don't miss the opporunity to drive a car for a few months or year for almost nothing

I still regret not picking up a 997.1 gt3's with like 10-15k miles for 60K, now they are all worth close to 100k

 

[MMA]

Finally experienced all the models of this generation 911 Gt after a short stint with some guys in paramus this morning and verdict is

991 2nd gen Gt3 Manual > 991 Gt3 RS > 991 2nd gen Gt3 RS > 991 2nd gen Gt2 RS > 991 Gt3

 

[null]

Rode in one of these one time, you literally feel every bump on the road in this car, other than that, not sure

Not if you have the air suspension. And drive in non-sport mode.

 

[HacksawJimThuggin]

Reached out to my dealer to see what was up with the 992 GT3 and he said I’d get one of the first ones they’re allocated if I came in on Monday and dropped off the deposit. Thinking about upgrading from my 992 S but I don’t know how practical it is. I don’t drive much so the good thing with these cars is that it makes sense to cop regardless because you can usually sell them for more than what you bought them for.

 

[Jahbarri]

Reached out to my dealer to see what was up with the 992 GT3 and he said I’d get one of the first ones they’re allocated if I came in on Monday and dropped off the deposit. Thinking about upgrading from my 992 S but I don’t know how practical it is. I don’t drive much so the good thing with these cars is that it makes sense to cop regardless because you can usually sell them for more than what you bought them for.

Hm is deposit for a Porsche of that caliber ? And joe much are payments looking like ? 1-1.5k? Lease or finance

 

[HacksawJimThuggin]

Hm is deposit for a Porsche of that caliber ? And joe much are payments looking like ? 1-1.5k? Lease or finance

It’s not bad, initial deposit is usually $2,500.

I bought my 992 so I’ll def do the same with the GT3 if I end up getting it. Porsche never has favorable lease terms because whatever they say the residual value is going to be for a lease, is WAY less than what it actually would be had you bought the car. For example, I’ve had my 992 for like 8 months now. Bought it “used” with like 1,800 miles on it for $106k right at the beginning of the COVID surge so the dealer panicked and I got a good deal. I think the cheapest 992 S in the country right now is selling for like $120k, so I’ll end up making a good amount on the car.

The specialty builds like the GT3 (which are VERY hard to get in the first place) you ALWAYS want to buy because you’re almost always going to be selling it for more than you bought it for, if you kept the miles low and didn’t order some crazy color that no one wants. Probably can drive it for 6-8 months and end up making $20k on the back end by having Porsche sell it on consignment.

No idea how much the payment would be yet because I haven’t really gotten that far; but I’d probably assume around $2k/month. Payment isn’t really as important as cost of ownership tho- buying a GT3 at MSRP and knowing when to sell it will cost you less in the long run than driving an old Carolla- because you’re, at very worst, driving it for free. There’s tons of people that won’t be able to secure one from the dealer that are willing to pay a premium to have one.

 

[Jahbarri]

It’s not bad, initial deposit is usually $2,500.

I bought my 992 so I’ll def do the same with the GT3 if I end up getting it. Porsche never has favorable lease terms because whatever they say the residual value is going to be for a lease, is WAY less than what it actually would be had you bought the car. For example, I’ve had my 992 for like 8 months now. Bought it “used” with like 1,800 miles on it for $106k right at the beginning of the COVID surge so the dealer panicked and I got a good deal. I think the cheapest 992 S in the country right now is selling for like $120k, so I’ll end up making a good amount on the car.

The specialty builds like the GT3 (which are VERY hard to get in the first place) you ALWAYS want to buy because you’re almost always going to be selling it for more than you bought it for, if you kept the miles low and didn’t order some crazy color that no one wants. Probably can drive it for 6-8 months and end up making $20k on the back end by having Porsche sell it on consignment.

No idea how much the payment would be yet because I haven’t really gotten that far; but I’d probably assume around $2k/month. Payment isn’t really as important as cost of ownership tho- buying a GT3 at MSRP and knowing when to sell it will cost you less in the long run than driving an old Carolla- because you’re, at very worst, driving it for free. There’s tons of people that won’t be able to secure one from the dealer that are willing to pay a premium to have one.

Nice , what do you do for a living. What was the deposit like on the Porsche you bought ? I wanna get a URUS in 2023 . But want to start small before hand with a 100k ish car bracket .

 

[HacksawJimThuggin]

Nice , what do you do for a living. What was the deposit like on the Porsche you bought ? I wanna get a URUS in 2023 . But want to start small before hand with a 100k ish car bracket .

I’m a real estate lawyer.

I didn’t custom the build the one I bought, it was already at the dealer, so I didn’t have to put a deposit for that one. You only have to give deposits on something you’re building so that you have skin in the game and don’t just go ghost when the car actually arrives from Germany.

I don’t think it’s about the price of the car as much as it is the car itself. Some cars hold value exceptionally well and the cost of ownership is low compared to the actual cost of the car. 911’s are notorious for such. I know the Jeep Wranglers or whatever tend to hold their value well also, but I think that’s a longer hold. G-Wagon’s (particularly the G63) hold value extremely well also. I believe the Urus does also but the demand is much lower so you’d have to hold it for a long period of time. The payment on that has to be like $3k too so I’d make sure you’re more than comfortable with that payment in case you have to hold it for longer than anticipated.

I’m sure there’s other cars that fall into that category also, I just have never done much research into it. It’s important to build a relationship with the dealer because if you can get a highly coveted exclusive car at MSRP(dealers only offer this to their VIP clients), you can drive it for free or make money on it.

 

[Jahbarri]

I’m a real estate lawyer.

I didn’t custom the build the one I bought, it was already at the dealer, so I didn’t have to put a deposit for that one. You only have to give deposits on something you’re building so that you have skin in the game and don’t just go ghost when the car actually arrives from Germany.

I don’t think it’s about the price of the car as much as it is the car itself. Some cars hold value exceptionally well and the cost of ownership is low compared to the actual cost of the car. 911’s are notorious for such. I know the Jeep Wranglers or whatever tend to hold their value well also, but I think that’s a longer hold. G-Wagon’s (particularly the G63) hold value extremely well also. I believe the Urus does also but the demand is much lower so you’d have to hold it for a long period of time. The payment on that has to be like $3k too so I’d make sure you’re more than comfortable with that payment in case you have to hold it for longer than anticipated.

I’m sure there’s other cars that fall into that category also, I just have never done much research into it. It’s important to build a relationship with the dealer because if you can get a highly coveted exclusive car at MSRP(dealers only offer this to their VIP clients), you can drive it for free or make money on it.

Thanks for your input greatly appreciated . Your well spoken , how does one make money as a real estate lawyer . I’m curious I know the agent gets paid on a sale and notary . And seller . Bank from interest on loan , etc how do generate revenue in a common sale ?

 

[HacksawJimThuggin]

Thanks for your input greatly appreciated . Your well spoken , how does one make money as a real estate lawyer . I’m curious I know the agent gets paid on a sale and notary . And seller . Bank from interest on loan , etc how do generate revenue in a common sale ?

Two ways, really.

Either I represent the Buyer or Seller directly as their attorney in the purchase/sale, which is very straight forward as it’s typically just drafting/reviewing docs and the final closing statement on behalf of my client to make sure all of the figures are correct.

Or, and most common: every real estate transaction needs a neutral 3rd party (a law firm/title company) to hold all the money being exchanged until the end of the transaction to make sure the title is clear and all of the necessary documents have been signed by both parties before sending the money to the Seller. So my company holds the funds and then I draft all of the closing docs as the attorney for the transaction and then I get paid by both parties as part of their closing costs.

 

[Astroslik]

Two ways, really.

Either I represent the Buyer or Seller directly as their attorney in the purchase/sale, which is very straight forward as it’s typically just drafting/reviewing docs and the final closing statement on behalf of my client to make sure all of the figures are correct.

Or, and most common: every real estate transaction needs a neutral 3rd party (a law firm/title company) to hold all the money being exchanged until the end of the transaction to make sure the title is clear and all of the necessary documents have been signed by both parties before sending the money to the Seller. So my company holds the funds and then I draft all of the closing docs as the attorney for the transaction and then I get paid by both parties as part of their closing costs.

How long have you been doing that? Are you in a big city?

 

[MMA]

Reached out to my dealer to see what was up with the 992 GT3 and he said I’d get one of the first ones they’re allocated if I came in on Monday and dropped off the deposit. Thinking about upgrading from my 992 S but I don’t know how practical it is. I don’t drive much so the good thing with these cars is that it makes sense to cop regardless because you can usually sell them for more than what you bought them for.

You will need to sell in the first year to sell for more than you paid. New GT cars are not appreciating in value. Depending on how you option the car, you'll probably lose 20-30K in value in 2-3 years of ownership on the lower end of speccing.

 

[HacksawJimThuggin]

You will need to sell in the first year to sell for more than you paid. New GT cars are not appreciating in value. Depending on how you option the car, you'll probably lose 20-30K in value in 2-3 years of ownership on the lower end of speccing.

For sure. If I get it, I will likely only end up keeping it for around 6 months. But even if someone were to keep it for 2 years and lost $20k, cost of ownership would be less than $1,000/month. Which is even cheaper than leasing something like an M4- and you’d obviously be driving a much nicer car.