Enthusiasts Blogging Our Favorite Classifieds
I’m not here to say “I told you so”, but when I told you three years ago to snag these while they were still cheap, I wasn’t kidding. Just $28,500 for this example back in February 2020 (right before the world fell apart) seems like highway robbery as that car is probably going to sell for at least $10,000 more today. Today’s example, a 2004 up for sale in New York, has the beautiful Carrara White with just over 44,000 miles. Still grab one while you can? Maybe not at this price.
It is hard to believe that some cars that were already six figures have doubled in value over the past five years. Especially considering the hype around them isn’t all that much and the values of risen without much notice. Of course, I am talking about the 996 generation of the Porsche 911 GT2. Just five years ago we looked at a 2002 for 3,200 miles on the odometer for an asking price of $169,000. That car finally ended up selling for $154,000 and at the time, seemed like a big price for a 996 GT2. Oh, how naïve we were. Today, we have another 996 GT2 up for sale in Pennsylvania with just 3,900 miles. The price? I told you to double it.
While prices of the 996 generation have surely risen over the past two years, there are some good deals still out there if you want to make some compromises. Mainly those compromises would equate to accepting higher mileage, but if everything has been taken care of, it really is just a number. Today’s car, a 2003 911 Carrera coupe up for sale in beautiful Pompano Beach, Florida, surely has an attractive price but there are some thing you’ll have to accept if you take it home.
Recently, Andrew took a look at a 996.2 GT3 and noted that if you wanted one…well, now was not the best time to buy.
With just 16,000 miles, the 2004 example that he looked at certainly seemed priced at the top of the market with a $148,500 asking price. But it was not the top of the market…no, not by a long shot.
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.
