Am I crazy? Considering spending just under $80k for a 2016 Cayman GTS.
06-29-2022, 12:07 AM
#1
Am I crazy? Considering spending just under $80k for a 2016 Cayman GTS.
Prices on these cars are nuts. The car in question has 21k miles, 4 previous owners (the first owner had it as a corporate car), clean Carfax, what looks like regular maintenance records.
Good options, low miles, very clean exterior and interior. But $80k for a 6 year old car is making me pause a bit. I thought I'd come here and just get a sanity check.
This would be my first Porsche. What do the people of Rennlist think about this prospect?
Good options, low miles, very clean exterior and interior. But $80k for a 6 year old car is making me pause a bit. I thought I'd come here and just get a sanity check.
This would be my first Porsche. What do the people of Rennlist think about this prospect?
06-29-2022, 02:56 AM
#2
It would help to know what you're coming from and what you expect or hope to get out of the car. I also assume you've actually driven it.
In my opinion: if it doesn't feel right, it isn't right. This is an emotional choice; nothing seriously rational about it. Provided the specific car you've found has proven to be a good example (seems like it), you should be strictly excited, not nervous or concerned.
In my opinion: if it doesn't feel right, it isn't right. This is an emotional choice; nothing seriously rational about it. Provided the specific car you've found has proven to be a good example (seems like it), you should be strictly excited, not nervous or concerned.
Last edited by akhbhaat; 06-29-2022 at 05:12 AM.
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vartech (06-29-2022)
06-29-2022, 12:19 PM
#6
It would help to know what you're coming from and what you expect or hope to get out of the car. I also assume you've actually driven it.
In my opinion: if it doesn't feel right, it isn't right. This is an emotional choice; nothing seriously rational about it. Provided the specific car you've found has proven to be a good example (seems like it), you should be strictly excited, not nervous or concerned.
In my opinion: if it doesn't feel right, it isn't right. This is an emotional choice; nothing seriously rational about it. Provided the specific car you've found has proven to be a good example (seems like it), you should be strictly excited, not nervous or concerned.
I'm coming from a C8 Corvette. Love that car, but sold it because I got an offer that was just too good to say no to (and I'm early on the list for a Z06 this year). The big reason why I'm attracted to this GTS is the overall experience that the car provides. I like that it's a bit slower than my Corvette was, which felt unusable at times on normal city roads. The sound is just amazing and fun. And I really enjoyed the feeling when driving it.
So, I'm excited about the car. I think it's great. More than anything, I just wanted to get a pulse check on the state of the market from the members here, since you all are certainly more knowledgeable about Porsche than I am. Is just under $80k still a good value for the GTS, or have the prices ballooned high enough to make people stop and question it:?
06-29-2022, 01:23 PM
#7
For 21k miles $80k is a lot.
The GTS I think is so expensive because it comes by default with every option most people want: PSE, PASM, Alcantara, Sport Chrono, sport styling, sport steering wheel, premium sound package, torque vectoring I think. Finding a 981 S with all of the good options is really hard; most are missing some of the important ones. So it’s like a “yes this is guaranteed to have all the goodies”. So it makes some sense why they are so expensive. They also sound better than the 4.0 GTS, and once tuned can be just as fast.
Personally, I think the 981 GTS will be the most desirable non-911. The styling, the creature comforts, the performance and handling, the scarcity and the fact that it’s designed for the street unlike the GT4 and it’s really the last of its kind, means it’s going to hold its value.
The GTS I think is so expensive because it comes by default with every option most people want: PSE, PASM, Alcantara, Sport Chrono, sport styling, sport steering wheel, premium sound package, torque vectoring I think. Finding a 981 S with all of the good options is really hard; most are missing some of the important ones. So it’s like a “yes this is guaranteed to have all the goodies”. So it makes some sense why they are so expensive. They also sound better than the 4.0 GTS, and once tuned can be just as fast.
Personally, I think the 981 GTS will be the most desirable non-911. The styling, the creature comforts, the performance and handling, the scarcity and the fact that it’s designed for the street unlike the GT4 and it’s really the last of its kind, means it’s going to hold its value.
Last edited by maynardewm; 06-29-2022 at 01:23 PM. Reason: Remove title
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EJR2 (08-04-2022)
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06-29-2022, 01:56 PM
#8
Instructor
Yep, that's what a good 981 GTS costs. I looked for a BGTS manual for a long time and finally bought a pristine heavily optioned BS instead. So price isn't really the question, but instead is that a good car. Mileage is on the high side for a premium priced car. Also 4 owners is a turn off for me personally.
if you're serious about getting a very nice 981 GTS expect to pay high 70s to low 80s. Manuals are more than PDK versions. Porsche dealer cars are my first choice followed by other lux brand dealers and in some cases private party.
Good luck with your hunt.
if you're serious about getting a very nice 981 GTS expect to pay high 70s to low 80s. Manuals are more than PDK versions. Porsche dealer cars are my first choice followed by other lux brand dealers and in some cases private party.
Good luck with your hunt.
06-29-2022, 01:57 PM
#9
So, I'm excited about the car. I think it's great. More than anything, I just wanted to get a pulse check on the state of the market from the members here, since you all are certainly more knowledgeable about Porsche than I am. Is just under $80k still a good value for the GTS, or have the prices ballooned high enough to make people stop and question it:?
Yes, it's a different market on the surface--inflation, supply chain shortages, et al--but all of the 981s have aged further and they've also built thousands of comparable new 718 variants (GT4, GTS 4.0) in the meantime (which were just starting to come onto the market at the time) so it's not like the overall supply of flat six Cayman GTS or GT4 (of any year/generation) is actually smaller than it was then. There's a ton of FOMO among buyers (driving demand) and sellers are exploiting it. If you can wait, probably wait. Nobody has a crystal ball (me least of all), but I currently don't see any compelling evidence that prices will continue to surge--I've seen plenty of evidence of the opposite, actually (cars sitting on the market for weeks or months, price cuts on those I've watched, etc).
That said: yeah, I think it will continue to be more engaging than the C8 at any speed despite being slower.
Personally, I think the 981 GTS will be the most desirable non-911. The styling, the creature comforts, the performance and handling, the scarcity and the fact that it’s designed for the street unlike the GT4 and it’s really the last of its kind, means it’s going to hold its value.
Have to disagree. Not that the GTS will hold value in isolation, but that it is or ever will be the most desirable variant. The GT4 is not the uncompromised, hardcore track special it's made out to be...which is in fact why I'm not rushing out to get another (I wanted something even more intense). It's a road car like the GTS with a bit more NVH, a bit more power, an adjustable suspension, and some aero bits, and short of the limit they feel fairly similar. Between the two, I would absolutely get another GT4 first even if strictly for road use.
Last edited by akhbhaat; 06-29-2022 at 02:00 PM.
06-29-2022, 02:49 PM
#10
Instructor
Well, I paid less than that for a 981 GT4 with the same mileage and desirable options (buckets, extended leather interior) two years ago. I personally wouldn't have any interest in spending that much (devalued dollar or not) today on a GTS of the same vintage.
Yes, it's a different market on the surface--inflation, supply chain shortages, et al--but all of the 981s have aged further and they've also built thousands of comparable new 718 variants (GT4, GTS 4.0) in the meantime (which were just starting to come onto the market at the time) so it's not like the overall supply of flat six Cayman GTS or GT4 (of any year/generation) is actually smaller than it was then. There's a ton of FOMO among buyers (driving demand) and sellers are exploiting it. If you can wait, probably wait. Nobody has a crystal ball (me least of all), but I currently don't see any compelling evidence that prices will continue to surge--I've seen plenty of evidence of the opposite, actually (cars sitting on the market for weeks or months, price cuts on those I've watched, etc).
That said: yeah, I think it will continue to be more engaging than the C8 at any speed despite being slower.
Have to disagree. Not that the GTS will hold value in isolation, but that it is or ever will be the most desirable variant. The GT4 is not the uncompromised, hardcore track special it's made out to be...which is in fact why I'm not rushing out to get another (I wanted something even more intense). It's a road car like the GTS with a bit more NVH, a bit more power, an adjustable suspension, and some aero bits, and short of the limit they feel fairly similar. Between the two, I would absolutely get another GT4 first even if strictly for road use.
Yes, it's a different market on the surface--inflation, supply chain shortages, et al--but all of the 981s have aged further and they've also built thousands of comparable new 718 variants (GT4, GTS 4.0) in the meantime (which were just starting to come onto the market at the time) so it's not like the overall supply of flat six Cayman GTS or GT4 (of any year/generation) is actually smaller than it was then. There's a ton of FOMO among buyers (driving demand) and sellers are exploiting it. If you can wait, probably wait. Nobody has a crystal ball (me least of all), but I currently don't see any compelling evidence that prices will continue to surge--I've seen plenty of evidence of the opposite, actually (cars sitting on the market for weeks or months, price cuts on those I've watched, etc).
That said: yeah, I think it will continue to be more engaging than the C8 at any speed despite being slower.
Have to disagree. Not that the GTS will hold value in isolation, but that it is or ever will be the most desirable variant. The GT4 is not the uncompromised, hardcore track special it's made out to be...which is in fact why I'm not rushing out to get another (I wanted something even more intense). It's a road car like the GTS with a bit more NVH, a bit more power, an adjustable suspension, and some aero bits, and short of the limit they feel fairly similar. Between the two, I would absolutely get another GT4 first even if strictly for road use.
Here's a GTS that looks like a steal as long as you're ok with PDK. Unless there's something not disclosed it will sell fast. https://mart.pca.org/ads/56646
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lottadot (06-30-2022)
06-29-2022, 04:11 PM
#11
Addict
Rennlist Member
Rennlist Member
Last December I bought a 2015 Cayman GTS for $75K.
One owner, 18K miles, immaculate condition. Racing Yellow over leather interior (most alcantara replaced with leather).
Manual transmission!
PTV, Bose sound, 18-way seats, X73 sport suspension.
Purchased from Porsche of Silver Spring with certified pre-owned warranty.
Worth every dollar!!!
One owner, 18K miles, immaculate condition. Racing Yellow over leather interior (most alcantara replaced with leather).
Manual transmission!
PTV, Bose sound, 18-way seats, X73 sport suspension.
Purchased from Porsche of Silver Spring with certified pre-owned warranty.
Worth every dollar!!!
06-29-2022, 06:04 PM
#12
Here's a GTS that looks like a steal as long as you're ok with PDK. Unless there's something not disclosed it will sell fast. https://mart.pca.org/ads/56646
06-29-2022, 11:04 PM
#13
Rennlist Member
That's where the market is. That may be a bit high but not really obscene. You're pricing sports cars at the height of summer, a Cayman GTS no less. The pricing is strong for those. There's deals to be had but you must be patient and possibly wait a loooong time. I bought both of my cars in late November/December and got fantastic deals on them despite the current prices. If you want one now to drive for the summer, you have to pay, pure and simple. Want to save, wait it out.
The one on Pcar market isn't bad. Little light on options though.
The one on Pcar market isn't bad. Little light on options though.
Last edited by Prairiedawg; 06-29-2022 at 11:05 PM.
06-30-2022, 09:00 AM
#14
Rennlist Member
Unfortunately, this seems to be where the market is these days. I bought a 2016 GTS this past January, equipped the way I wanted with slightly higher mileage for $73k. I’m loving every minute with it, and happy with the decision. Go for it!
06-30-2022, 01:05 PM
#15
Rennlist Member
I bought my CGTS last September with many track stuff installed. Don't want to disclose my cost to discourage you. It is irrelevant now. This CGTS is just nothing but amazing. I am still learning on a track but it is mostly a timid driver who can't open up the full potential. I was coming from 997, probable the most engaging 911. Totally a different experience. I don't know anyone who wants to come to 911. Good luck. Please reach out f any questions.