I don’t want to say I told you so, but literally three years ago I told everyone to buy 996 Porsche 911 GT3s and they’ll thank me. Now, almost every 996 GT3 is pushing six-figures and the really low mile ones sell as much as the 991 GT3. I don’t think they are going to keep climbing like crazy forever given it is a really tough ride and not a great street car, but it seems just saying you own a GT car now is enough and everything else comes second. Today’s example, a 2004 up for sale in Arizona, is not for anyone looking for a deal on this and is probably priced way at the top of the market.
CLICK FOR DETAILS: 2004 Porsche 911 GT3 on eBay
Model: 911 GT3
Engine: 3.6 liter flat-6
Transmission: 6-speed manual
Mileage: 16,069 mi
Location: Prescott, Arizona
Price: $148,500 Buy It Now
“Uniquely Rare Super Car, the 2004 Porsche 911 GT3 (996.2) was “The 1st GT3 Street Car offered in the United States” with only 2,313 units built. Rated at 190mph Top Speed (est), Car & Driver First Review tested these Super Cars at 0-60/4.0s, 0-100/8.8s, 0-130/14.8s & 1/4-mile-12.3s@118 mph. This example is well equipped & nicely presented with only 16,000 actual miles, 3-Owner non-track history, complete service/history records, factory window sticker, Porsche Certificate of Authenticity, recent complete service and new Michelin speed rated radials. Please visit our “Narrated” 12:01 minute HD Video, detailed 104+ high res photo set link(s). We welcome your call anytime, specific questions and/or purchase consideration. Thank You”
This 16,000-mile example has an asking price of nearly $150,000. Yes, $150,000 for a 996 GT3. You might be saying, “Didn’t one just sell for that?” and the answer would be correct. However, that car had the pricey carbon-ceramic brakes that this car doesn’t have. A really big deal to some and probably why it reached that price. Is this one somewhere in that ballpark? Probably. This is the market for them now and I really doubt that changes. Just please do your homework on them if you find one.
The 996 is the first (although we did not get the 996.1 GT3 here in the US), lightest and purest GT car (no PASM, variable steering, traction controls), and was built in very small numbers, so it should be valued accordingly. I do think ALL 911s prices are in a bubble and long overdue for a correction, so looking at pre COVID prices is logical as this is probably where many of these cars will revert to. In 2019 a nice 996 GT3 was $80k and 997.1 GT3RS was around $135k which seems like fair for what they are (track cars that can be occasionally driven on the street) while an infinitesimal number of GT car owners actually use them on the track as intended.
Never thought I’d live to see the day where a non-RS 996 GT3 was worth $150k. That’s ridiculous. Go buy a Ferrari.
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