It's also the one to buy.
Whenever someones ask what car they should buy as an investment, we usually recommend a special or limited edition Porsche. Some are more valuable than others but as a general rule, limited run Porsche models have been skyrocketing in value recently. Just take the latest 991-generation GT2 RS as an example - only 1,000 were built and sellers are already charging more than double the car's $293,000 MSRP.
Based on how quickly these 911 models have appreciated, you'd assume the only way to make money on one would be to get an allocation for one at MSRP, which is no easy task. However, we have found one special edition 911 model which hasn't appreciated quite as much as the rest - the 997.1 GT2. We aren't going to say the GT2 is "cheap" but we highly recommend buying one before the prices go even higher.
It's a 911 - the end. Just kidding, there are actually many reasons why we think the GT2 is the best 911 money can buy right now. The original GT2 arrived back in the 993 generation in order to meet homologation requirement for GT2 racing - the car was extremely rare and values have skyrocketed to over $2 million. Porsche also built a GT2 model in the 996 generation, which is also an underappreciated 911.
For the 997 generation, Porsche decided to bring back its range-topping GT2 model with a bang. Only 194 were sold in the US in 2008 with 19 going to Canada. Porsche has never published exactly how many of these cars were built globally but the GT2 is one of the more limited 911 models in recent history.
Even with only 194 roaming around in the US, the GT2 hasn't skyrocketed in value quite as much as other rare 911 variants like the 911 R, 911 GT3 RS 4.0, or the later 997.2 911 GT2 RS. Those cars can command well over $500,000 but the GT2 can be had for as low as about $160,000. We managed to find two examples of the GT2 close to the $160,000 price point, though they have what could be considered "high" mileage with around 20,000-30,000 miles on their odometers.
These (relatively) high mileage examples are a lot cheaper than the ones with under 10,000 miles on the clock, which go for around $210,000 on average. We also found one pristine example with just 318 miles on it, with an asking price of $355,000. Most people may not be able to shell out this kind of cash on an investment car but we believe the GT2 prices will climb even higher if you can jump in now.
The GT2 originally retailed for $192,560, so we are amazed it is still possible to buy one for less than the original MSRP.
The 997 GT2 is nowhere near as fast as the current 991 generation GT2 RS. Still, the GT2 remains one of the quickest 911 models ever produced as well as one of the most desirable for purists. The car is powered by a 3.6-liter twin-turbo flat-six producing 523 horsepower and 502 lb-ft of torque. Yes, you read that right, this 911 from 2008 is more powerful than a brand-new GT3 RS. Not only is the GT2 powerful, but power is sent to the rear wheels exclusively through a six-speed manual transmission - no PDK or automatic was ever offered.
With all of the power going out through a manual transmission, the GT2 was quite lairy, giving a reputation as a widow maker. Unlike newer RS models, which have all sorts of driver aids, the 997 GT2 required a highly skilled driver to reach its full potential. All GT2 models came standard with Porsche Active Suspension Management (PASM) but if you turned off the traction control and other drivers aids, it would become more than a handful to drive.
Even by today's standards, the GT2 is blisteringly fast with a quoted 0-60 mph time of 3.7 seconds, though some outlets have recorded a time as low as 3.3 seconds. The engine was based on the unit found in the 911 Turbo but with twin variable geometry turbochargers. This was also the third Porsche road car ever to be able to achieve over 200 mph with a 204 mph top speed. As standard, the GT2 ran on 19-inch wheels with 235/35 tires at the front and 325/30 tires at the back. Bringing the GT2 to a stop are massive carbon ceramic brakes.
As you'd expect, the GT2's interior is nowhere near as luxurious as a new 911 - this car was built with the track in mind. While normal leather chairs were available, the GT2 was the first Porsche in the US to include sport buckets from the factory, made from a combination of glass and carbon fiber. If you are looking to buy a GT2, we highly suggest buying one with these seats - they both dress up the interior and give it more of a race car feel. As with other GT models, the rear seats have been deleted to save weight.
With regards to technology, the GT2 was built in the 997.1 generation, meaning its infotainment is extremely dated. If the reason why you are buying this car is for the infotainment, you are looking at the wrong car.
We still find it shocking how "affordable" the 997 GT2 is compared to its contemporary siblings. While other limited edition 911 models have crested the $500,000 and $1 million marks, the GT2 can be had for well under $200,000. Enthusiasts may have forgotten about the GT2 after Porshe revealed the 997.2 GT2 RS and normally aspirated models like the GT3 RS 4.0. Although the GT2 may not produce the same noise as one of the normally aspirated cars, its turbocharged architecture and rarity in the US make it one of the most unique 911 models on the market.