981 GT4 high mileage prices - Page 3 - Boxster/Cayman - PistonHeads UK

Hi all, Looking to get into a 981 GT4. A friend of mine is going to be part ex'ing his car in for a later model, spec below. The car is a 16 plate, 26,000 miles 1 owner example. I do plan on using this car, very frequently, so thought best to go for a higher mileage car vs a garage queen to remove possible increased depreciation. Do we think the values will drop somewhat now cars are falling outside the PCP finance option? Car in question is 62k. Porsche Communications Management with extended navigation module £2,141 Full bucket seats £1,907 Sports exhaust system £1,530 Black leather interior with stitching £1,344 Sport Chrono Paket inkl. PorscheTrack Precision App und Vorrüstung Laptrigger £1,085 Metallic Paint £558 Telephone module for PCM £527 Fully automatic climate control £518 Bi-Xenon-Headlights incl. Porsche Dynamic Light System (PDLS) in black £477 Sound Package Plus incl. CD storage box £396 Automatically dimming mirrors with integrated rain sensor £332 Digital radio £324 Sun visors in Alcantara £279 Cruise control £267 Light design package £203 Seat belts in Guards Red £179 Online Services £122 Floor mats £73 Fuel tank 64-litre £0 Jet Black metallic £0 Passenger footwell storage net £0 Smoking package £0 I have never owned a Porsche, so am very excited by this proposition. I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically? Thanks for any thoughts on this. Alex

Dung8 said: Hi all, Looking to get into a 981 GT4. A friend of mine is going to be part ex'ing his car in for a later model, spec below. The car is a 16 plate, 26,000 miles 1 owner example. I do plan on using this car, very frequently, so thought best to go for a higher mileage car vs a garage queen to remove possible increased depreciation. Do we think the values will drop somewhat now cars are falling outside the PCP finance option? Car in question is 62k. Porsche Communications Management with extended navigation module £2,141 Full bucket seats £1,907 Sports exhaust system £1,530 Black leather interior with stitching £1,344 Sport Chrono Paket inkl. PorscheTrack Precision App und Vorrüstung Laptrigger £1,085 Metallic Paint £558 Telephone module for PCM £527 Fully automatic climate control £518 Bi-Xenon-Headlights incl. Porsche Dynamic Light System (PDLS) in black £477 Sound Package Plus incl. CD storage box £396 Automatically dimming mirrors with integrated rain sensor £332 Digital radio £324 Sun visors in Alcantara £279 Cruise control £267 Light design package £203 Seat belts in Guards Red £179 Online Services £122 Floor mats £73 Fuel tank 64-litre £0 Jet Black metallic £0 Passenger footwell storage net £0 Smoking package £0 I have never owned a Porsche, so am very excited by this proposition. I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically? Thanks for any thoughts on this. Alex Looks a good buy to me at 62k given the bucket seats. I'd buy it were I in a position to do so! I am keeping an eye on the GT4 market pending deciding whether to sell my Evora - want to drive a 981 GT4 before actually making a decision on that.

So are bucket seats the 'must have'. I plan on using this car alot. So the spec really spoke to me. Nervous that alot of cars are now falling outside the pcp finance period, which could adversely effect values?

I would want buckets personally, otherwise I'd buy a 718 4.0 GTS. And the cars without seem to hang around for longer than the ones with them, even if they otherwise have a great spec - there's a car at RPM technik at just under 70k that's been advertised for 5 months or so, spec otherwise looks great but it has 18 ways. No idea on PCP finance.

The debate on buckets has been done to death i think... but really it boils down to how you intend to use the car and that kind of feel you want. Buckets really really lock you into the feel of the car and you are properly connected to the GT-ness of the car. Sport Seats - are comfortable but for me do not provide the locked in - connected feel I want from a GT car... but would be great for road touring and much more regular use of the car.

Dung8 said: . I can see there are some cars on AT and PH that have seem to stuck on the used market, are 981 slow to sell typically? I think most cars are slow to sell at the moment.

You're on the right track buying one with higher than normal miles (26k is still nothing though as that's a tough engine and running gear). I think a few months back Ashgoods sold a similar miles, buckets GT Silver one for £62k?

It's a good price for that mileage and spec. Is that the px price he's been offered? If so I'd jump on it.

Did he buy it new or has owned it a long time? Actually knowing the former owner and how they have used it is a big positive.

Andyoz said: You're on the right track buying one with higher than normal miles (26k is still nothing though as that's a tough engine and running gear). I think a few months back Ashgoods sold a similar miles, buckets GT Silver one for £62k? That’s what I think too. It has FPSH too so maintained properly.

Armitage.Shanks said: It's a good price for that mileage and spec. Is that the px price he's been offered? If so I'd jump on it. Porsche offered him 60 for it 62 is what hed like for it I see they are rightfully very mileage price sensitive. So hope using the car i would loose less but the finance deal I have been offered is rather good too

Andyoz said: Did he buy it new or has owned it a long time? Actually knowing the former owner and how they have used it is a big positive. Bought it 2017 from Porsche. Apparently owned by one of their regular customer. He has owned it since.

I don’t think sports exhaust was a GT4 option, standard? Can’t remember. At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s.

jcosh said: At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s. If OPC have offered £60k trade, looking at the Spec my guess is OPC would retail close to £70k given the warranty they'll put on it etc.

Armitage.Shanks said: jcosh said: At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s. If OPC have offered £60k trade, looking at the Spec my guess is OPC would retail close to £70k given the warranty they'll put on it etc. I'm told £8k on a 981 GT4.

That's low milegae - not in comparison to other cars on the market, but in relation to the age of the car. I prefer cars with a healthy mileage, they are engineered to be driven!

jcosh said: I don’t think sports exhaust was a GT4 option, standard? Can’t remember. At £62k is not a bad price but I suspect an OPC trade bid on that car would be mid to high £50K’s. And retail at mid to high £60K’s. i know WBAC offered him 58k when he had it inspected, which i guess is a good starting point

Geoff39GL said: I'm told £8k on a 981 GT4. 8k for a warranty?!

CloudStuff said: That's low milegae - not in comparison to other cars on the market, but in relation to the age of the car. I prefer cars with a healthy mileage, they are engineered to be driven! i am like you, especially when you know they have been looked after. My only concern was possible sudden dip in value due to purchasing options reducing (no more pcp due to age of car), limiting market

Dung8 said: i am like you, especially when you know they have been looked after. My only concern was possible sudden dip in value due to purchasing options reducing (no more pcp due to age of car), limiting market The availability of PCP is not a major factor in the market for GT4s or other Porsche GT cars. Many are bought without finance and 'many' is misleading because there were only about 600 UK GT4s. So, there are plenty of people with 'cash' to buy them. The market for GT cars doesn't tend to follow other car markets. It's a pretty niche market. If the GT4 follows previous GT cars it will soon hit its low market value point and stay there. Other GT cars have done that and then climbed to a higher value (e.g. the low point for a 996 GT3 was about £35K but they now average about £75K and are still slowly rising). If I had to guess, I would say the low market value for the GT4 will be £60K. YMMV. So if you're getting it for £62K there's a good change that depreciation will be minimal. However, beware that running costs (fuel, tax, tyres, brakes and servicing) are high. So it's not cheap motoring!

Dung8 said: i know WBAC offered him 58k when he had it inspected, which i guess is a good starting point I think your starting point will be over £60k if he's already been offered that by OPC? As Boxsey says at £62k its a steal and I dare say if he advertises it provately someone will take him up. I would, but I've already got one

£62k about right for a 2 owner 2016 GT4 with 26k miles. Mileage below average but quite a bit above average for a GT4. PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning. Sports exhaust is standard. Spec appears decent although black with red stitching? not the best combo for resale. I would want a rev readout before agreeing a purchase.

Buy it, you’ll love it, they are amazing fun on road and track, sense of occasion, noise etc.

The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC.

All things considered though, the price of the car on this thread does seem fair.

boxsey said: The availability of PCP is not a major factor in the market for GT4s or other Porsche GT cars. Many are bought without finance and 'many' is misleading because there were only about 600 UK GT4s. So, there are plenty of people with 'cash' to buy them. The market for GT cars doesn't tend to follow other car markets. It's a pretty niche market. If the GT4 follows previous GT cars it will soon hit its low market value point and stay there. Other GT cars have done that and then climbed to a higher value (e.g. the low point for a 996 GT3 was about £35K but they now average about £75K and are still slowly rising). If I had to guess, I would say the low market value for the GT4 will be £60K. YMMV. So if you're getting it for £62K there's a good change that depreciation will be minimal. However, beware that running costs (fuel, tax, tyres, brakes and servicing) are high. So it's not cheap motoring! Thank you, this has really given me some clarity and totally makes sense

Armitage.Shanks said: I think your starting point will be over £60k if he's already been offered that by OPC? As Boxsey says at £62k its a steal and I dare say if he advertises it provately someone will take him up. I would, but I've already got one Yes, 60k at OPC, and 62k to me. He doesnt want to spend time trying to sell it privately or SOR

av185 said: £62k about right for a 2 owner 2016 GT4 with 26k miles. Mileage below average but quite a bit above average for a GT4. PCP ending will have no affect whatsoever on 981 GT4 residuals they are holding up well and the right spec cars sell quickily if priced realistically. The market will only improve now with lockdown easing better weather and track season beckoning. Sports exhaust is standard. Spec appears decent although black with red stitching? not the best combo for resale. I would want a rev readout before agreeing a purchase. I understand that I will lose money, that is a given, I was more worried (crystal ball moment i know), about the market suddenly bottoming out, more for justification to myself than anything. Agreed regarding rev readout, have there been some horror stories then?

Coriander said: Buy it, you’ll love it, they are amazing fun on road and track, sense of occasion, noise etc. For sure! that is the aim! I have a Yaris GR CP coming in a few months that will be my daily, and will be overjoyed with these two as my two car garage!

jcosh said: The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC. Perceived value and someone buying it, totally different i can see. Same for housing market! Why taking so long? is it just the buyer pool being smaller?

Dung8 said: I understand that I will lose money, that is a given, I was more worried (crystal ball moment i know), about the market suddenly bottoming out, more for justification to myself than anything. Agreed regarding rev readout, have there been some horror stories then? No more than for any manual Porsche really but being a Porsche GT it is always a good idea. Just because the seller is your pal doesn't mean it hasn't been over revved.

jcosh said: The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Complete idiocy. The engine will have just opened up!

Dung8 said: Geoff39GL said: I'm told £8k on a 981 GT4. 8k for a warranty?! No the OPC will look to make £8k so if they buy at £60k they will want to clear £68k If you buy at £62k your money will be pretty safe, the market is unlikely to collapse there are not many cars in total and they are just brilliant what has already been stated I agree with, they are likely to bottom out at around £60k. If you look at the Cayman R which was around £50K when new and good cars now 10 years old are still selling for £40k. If you want it then buy it you will have lots of fun

jcosh said: The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC. I agree with the mileage question. Mine will be five years old in six months time, I have only driven it for fun, and it's high mileage. As a point of comparison if the engine is the prime wear issue, there are now 981 Clubsports that have raced for three years requiring no repairs on engine tear-down. Of course, it would be rude not to renew bearings and rings ...

av185 said: No more than for any manual Porsche really but being a Porsche GT it is always a good idea. Just because the seller is your pal doesn't mean it hasn't been over revved. He had one done two months ago as part of the last service

Geoff39GL said: No the OPC will look to make £8k so if they buy at £60k they will want to clear £68k If you buy at £62k your money will be pretty safe, the market is unlikely to collapse there are not many cars in total and they are just brilliant what has already been stated I agree with, they are likely to bottom out at around £60k. If you look at the Cayman R which was around £50K when new and good cars now 10 years old are still selling for £40k. If you want it then buy it you will have lots of fun Thank you. Not sure why I am so conscious this time about buying! Maybe because its my first Porsche! I nearly got a cayman R back in 2011 but opted for a 1M which I kept 5 years and came out even!

ChrisW. said: I agree with the mileage question. Mine will be five years old in six months time, I have only driven it for fun, and it's high mileage. As a point of comparison if the engine is the prime wear issue, there are now 981 Clubsports that have raced for three years requiring no repairs on engine tear-down. Of course, it would be rude not to renew bearings and rings ... Chris, I think you had one of the first ones...so it might be a year older than you think...time flies when you're having fun

Dung8 said: Coriander said: Buy it, you’ll love it, they are amazing fun on road and track, sense of occasion, noise etc. For sure! that is the aim! I have a Yaris GR CP coming in a few months that will be my daily, and will be overjoyed with these two as my two car garage! We are in the same club with regards the Yaris GR, mine is due next month aswell Regarding 26k miles on the GT4, its nothing and the engine won’t even be fully run in yet. Forget the uk obsession with mileage, buy it, enjoy it for what it’s made for.

boxsey said: Chris, I think you had one of the first ones...so it might be a year older than you think...time flies when you're having fun Boxsey ... thanks for correcting me My mind has blanked out the last year ! What track days have you planned ? "They" are promising us the key to the cage ...

ChrisW. said: Boxsey ... thanks for correcting me My mind has blanked out the last year ! What track days have you planned ? "They" are promising us the key to the cage ... Only thing in the diary at the moment is a get together at Curborough sprint circuit in July with Darren and Grant (he's just got himself a 718 GT4!). I think Spa and anything in Europe is off the cards this year so will likely only be booking UK tracks when things open up.

The PCGB days are filling up, Anglesey is full .... I have transferred my RMA Spa / Zolder to mid October but whether or not Europe will be open then, who knows ? Let's say I have not booked anything else for this trip and the cost is transferable to UK days ...

Thank you all. I decided to go for it- picked up the car today! Steel brakes- how often do they squeak? Car was serviced by porsche last week. also are you able to purchase the porsche warranty if you have purchased private? thank you

- Steel brakes- how often do they squeak? Car was serviced by porsche last week. A few good, heavy stops will stop the squeaking. It sounds like your pads are slightly glazed. Mine don't squeak at all, I can just hear them skimming over the discs. - also are you able to purchase the porsche warranty if you have purchased private? Yes, but you'll need to wait 3 months(?) from buying the car before the warranty can take effect. Speak to your OPC about it.

Dung8 said: Thank you all. I decided to go for it- picked up the car today! Steel brakes- how often do they squeak? Car was serviced by porsche last week. also are you able to purchase the porsche warranty if you have purchased private? thank you Yes you can take out extended warranty, you will need to have owned / registered the vehicle for (I think) 90 days, your OPC will carry out a 111 point check and any remedial work will need to be carried out, once that is completed you can extend through your OPC.

Yep most Porsche GT brakes squeak when up to temp whether ceramics or steels and if you care to read it this is also confirmed by your 'manuel'. May be glazed brakes may be dust build up in the case of steels try hosing/mild jetwashing between discs and pads which may help.

Dung8 said: Thank you all. I decided to go for it- picked up the car today! Steel brakes- how often do they squeak? Car was serviced by porsche last week. also are you able to purchase the porsche warranty if you have purchased private? thank you Congrats. Steel brakes squeaking... there may always be a little bit of squeak, but this can be easily resolved with a few hard applications of brake pedal to generate heat in the system... rotor and pad material. If the car still had Porsche Warranty on the car with the previous owner, the balance is transferable to a the new owner in a private sale. If the warranty has expired, you can renter the extended warranty programme subject to recent servicing at Porsche Centre and/or passing 111 point check.... which you may or may not have to pay for. As Dave says there may be a moratorium as to when you can actually apply. Edited by TDT on Monday 22 March 18:11

Its very annoying though coming back into town after a run, like half a dozen piglets trapped under the front end wanting fed.

jcosh said: The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC. Thread resurrection. I echo this. I’ve just bought a GT4 with 18,000 on the clock. Which I suppose by GT4 standards makes it leggy and liable to prompt teeth sucking. Looking at AT the >20k cars are mostly private sales presumably because the trade in values offered are terrible. But this is all crazy for two reasons. First, 911-based GT cars are nowhere near as mileage sensitive as this (ok, they are a bit sensitive but not this bad); and secondly a GT4 is hardly made of chocolate apt to fall to pieces through overuse (at least I hope not). I really don’t get it. Maybe they have become victims of their own reviews: because journos say they are “best car ever” (hyperbole), owners think they’re sitting on a gold plated pension fund as long as they keep the mileages on the floor. Defeats the point of actually owning a “best car ever” IMO.

BlackWidow13 said: jcosh said: The perceived 'high' mileage on these cars is daft. I recently sold a very high spec GT4 with 17k miles on it. Everybody I spoke to - trade or punters commented on the 'high mileage'. It was four years old, so circa £4k miles a year, as I say daft! Mine was a one owner car with warranty and in perfect condition with PPF etc, but still took time to find a buyer. In fact it's now, still, for sale with the OPC. Totally agree, I think a lot of people are sucked into the “don’t use it or you will destroy the value” thing. Leaves me questioning why they bothered buying one in the first place. Mine is 10 months old and I have done 4500 miles. I ran it in very carefully, it’s only been me who’s driven it, it’s never been over revved and it’s never been tracked (have an Exige if I want to do that). Assuming I keep it 3 years I expect it will be a definite “high miler” as I suspect it will be 15/20K miles by then. How much of a penalty will that have? Who knows, one thing for sure though I will have the memories and have had the enjoyment of using it. You are, after all, as someone once said, a long time dead! Thread resurrection.

Market is strong. Mines at 27,000 miles 2 owner car. It’s up 10% in value since I got it 3 months ago.

Market is strong. Mines at 27,000 miles 2 owner car. It’s up 10% in value since I got it 3 months ago.

I tried selling mine privately for 66k, 19000 miles and porsche warranty. No takers so sold to a dealer for slightly less but without the cost of replacing tyres etc so quite happy with price I got. Someone now is going to pay a significant premium, for the cost to dealer of 2 tyres. So a high miler that I struggled to keep this low, such great cars to drive, always an event.

JohnGK said: I tried selling mine privately for 66k, 19000 miles and porsche warranty. No takers so sold to a dealer for slightly less but without the cost of replacing tyres etc so quite happy with price I got. Someone now is going to pay a significant premium, for the cost to dealer of 2 tyres. So a high miler that I struggled to keep this low, such great cars to drive, always an event. Really! I I took mine to we buy any car last week and they offered £67k!

Dung8 said: JohnGK said: I tried selling mine privately for 66k, 19000 miles and porsche warranty. No takers so sold to a dealer for slightly less but without the cost of replacing tyres etc so quite happy with price I got. Someone now is going to pay a significant premium, for the cost to dealer of 2 tyres. So a high miler that I struggled to keep this low, such great cars to drive, always an event. Really! I I took mine to we buy any car last week and they offered £67k! I've stopped looking at WBAC, a week after I sold it they were offering a touch more than I got for it. I was happy with the price at the time, but someone could've had a serious bargain. When you think at the end of last year I was expecting 58-60K and still spend some on it.

Dung8 said: Really! I I took mine to we buy any car last week and they offered £67k! Not outing it already?

Armitage.Shanks said: Not outing it already? Probably not. Seen a GT3 RS I rather like and to fund it I’d have to sell GT4. Still in two minds I find the GT4 perfect for A roads and long trips, concerned gt3 RS will simply be too fast. For me at least.

800 miles!

It’s great to see low mileage cars come out of collections boosting the prices up, I got offered £72500 from a dealer, 10k miles, club sport car, at a guess I would of said a dealer would of paid this3 years ago as I paid £83k for the car and most work on 10%+ margins so holding up quite well, as said above the right GT3rs or a 600lt is my next move, hopefully next year I can make this happen

One week after getting my hands on mine and I really cannot understand how there are low mileage versions of these kicking around. Have their owners died, or just forgotten they ever bought them? I’ve been out in it every day since I got it either doing genuine trips or just looking for reasons to get out in it - especially looking for bendy bits of road and roundabouts. It’s absolutely addictive!

I agree, I don't get it either. These cars wear the miles better than they age sat there, far better. Whether a car has 5k or 45k on it would not bother me, I would want to pay less as it got to 80k as I could easily put 20k on one over 2 years or so. I just finished doing a complete suspension refresh on the 996 with Michelins all round and a proper geo set up, that was Monday. I did 60 miles Monday evening, another 60 Tuesday and yesterday did close to 100 miles around some lovely twisty back roads. These things need to be used. My 996 now has 133000 miles on it, with completely new suspension it feels like a new car. I bet I will put 5k on it by the end of the summer.