Thread: BMW Value
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      12-31-2013, 12:48 PM   #96
Patronus86
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Drives: 2013 335is
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Quote:
Originally Posted by darkalley View Post
Patronus88 I really don't think you have any idea what you are talking about. I'm not trying to be rude but have you ever bought or sold an exotic?? Kelly Blue Book? That's where you find you pricing? S4AWD is 100% correct as there is a shortage of low mileage GT3's (RS and non RS) and Porsche collectors are going crazy trying to buy them. In an earlier post I said prices were up 15% for a low mileage car in 2013 and that was being conservative. Look at Rennlist to see what people are asking (and getting for their cars). The GT3 is one of (if not the fastest) rising used cars on the market.
Kelly Blue Book gives you a good baseline to start from, not the most accurate but its a start. The actual Kelly Blue Book value was around $129K for a used gt3 rs, but I factored in model rarity and and looked at other car sites to figure what the car is reasonably worth now. As for the gt3 rs and non rs being highly sought after on the used market, it absolutely is.

But here is the issue I have with the prices on Rennlist: The MSRP for a brand new gt3 rs was about $140k. And now, with the car only a few years old, the dealers are asking for $200k+? Are you kidding me? No other used cars gain value that quickly and that early on...especially when you consider that porsche will likely make even better performing, higher quality 911's in the near future. It's a bidder's market out there, and when the primary buyers of these cars have all the money in the world, the dealers/sellers can jack up the price as much as they want... =>Car is way over priced now.

Quote:
Originally Posted by darkalley View Post
You constantly bash 911 owners but make statements like "dealers seem to be raising their asking price because they can get away with it"?! Seriously you understand that that is called "market pricing". Dealers are raising their prices because that's the market.
Not bashing 911 owners, just disputing the claims that a specific one has made. Yes the dealers can and are getting away with raising the prices. Just because $200k is the average market price for the gt3 rs, doesn't mean its a fair value. That's why you hear assets, products, commodities sometimes being referred to as over valued.

All the wealthy car buyers want to get this gt3 rs because, beside it being an awesome car, they are worried it's a limited edition that will never be produced again => they view it as a collector's item. Dealers are taking advantage of that demand and thus ramp up the prices.

The thing is, this car is only a few years old...and the true rarity of this can't and shouldn't be fully appreciated until more time has passed and porsche has put out newer models. I guarantee that porsche will produce more limited edition, high-end models in the future...it's pretty much expected of them by their customers.

The GT350 didn't become a highly priced, collector's item over night...it took time before people were able to compare it to the other mustangs put out by Ford and decide on its relative value. This gt3 rs, by comparison, has sky-rocketed on the markets in almost no time whatsoever. Why? You can't possibly know how rare this thing is until newer porsches come out!! 3-4 years of newer models is not enough.

Also, please don't start berating me for comparing a gt350 for a gt3 rs. I know these cars are at totally different ends of the spectrum. The focus of that comparison is on the car valuation process, not on the actual cars.

Quote:
Originally Posted by darkalley View Post
It's also funny how you called S4awd out for the cars he had listed then when he backed it up you answer "I wasn't questioning your integrity".
I didn't think he was lying, I just didn't know if his garage list was up to date. Simple as that.

Quote:
Originally Posted by darkalley View Post
I asked you earlier what 911's you have driven and you never answered so I can only assume you are basing your knowledge on Kelly Blue Book or Autoweek.
Dude, if you read all of my posts, I have been very forthcoming about how I haven't driven any of these high-end cars. The only reason I refused to answer you earlier was because I knew you were looking to start an argument, like this one, that I didn't want to be a part of.

Quote:
Originally Posted by darkalley View Post
The Porsche guys are not nuts or douche bags looking to pounce- we like talking about cars just as much as the next guy (and I think my S2000 is better than my 911!) but if you are going to post something like "if your garage is accurate" and then when shown to be correct you need to apologize for calling the guy a liar.
I am not angry with all "porsche nuts" I am a little frustrated with all the people on this forum who have bashed me for comparing the 911 gt3 to the m3 (it just so happens that a few of those bashers were porsche nuts).

And to be perfectly honest, the real reason I called BS on S4AWD and questioned his integrity was because he tried to claim that the only difference between a gt3 rs and the cup car version was a simple fuel cell swap and an upgraded transmission. He was making false claims to try and prove a point, and I take serious issue with people putting out that kind of misinformation. And no, I'm not apologizing for that.

Enjoy the new year!

Last edited by Patronus86; 12-31-2013 at 01:00 PM.. Reason: typo's
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