Car Collector International
Modern Classic · 2015–2016; 2020–

Porsche Cayman GT4 (981 & 718)

The enthusiast's mid-engine Porsche — manual, naturally aspirated, and closer to a 911 GT3 than the badge suggests.

Car Collector International Editorial
Red Porsche Cayman GT4 in a studio setting, front three-quarter view showing the fixed rear wing, GT4-specific front bumper with central splitter, side intakes and dark five-spoke alloy wheels.
Overview

Why this car matters

The Cayman GT4 exists in two closely related generations. The 981 Cayman GT4 (2015–2016) was the first Cayman developed by Porsche Motorsport, powered by a 3.8-litre flat-six derived from the 911 (991) Carrera S, producing 385 PS / 380 hp, and offered exclusively with a six-speed manual gearbox. Suspension components were shared with the 911 GT3 (991); kerb weight is approximately 1,340 kg.

The 718 Cayman GT4 (2020+) replaced the 981 GT4 with a 4.0-litre naturally aspirated flat-six derived from the 992 (9A2 Evo family), producing 420 PS / 414 hp. It launched as a six-speed manual only; PDK became optional from late 2020. Cylinder deactivation on partial-throttle cruising was a Porsche first for a naturally aspirated engine. Both generations are strictly rear-wheel drive.

The Cayman GT4 is the enthusiast's mid-engine Porsche — manual, naturally aspirated, GT-department-developed and structurally closer to a 911 GT3 than the Cayman badge suggests. The 981 is the modern-classic founding car; the 718 4.0 is the sharper evolution. Both are firmly established collector cars.

Variants

Range and production

VariantYearsProductionNotes
981 Cayman GT42015–2016c. 2,500 (unofficial; Porsche did not publish a cap)3.8L flat-six derived from the 911 (991) Carrera S, 385 PS / 380 hp; 6-speed manual only; RWD; approx. 1,340 kg; suspension components shared with the 991 GT3. Production not cleanly published.
718 Cayman GT4 (4.0)2020–Not published; Porsche does not release per-model production totals.4.0L naturally aspirated flat-six from the 992-generation 9A2 Evo family, 420 PS / 414 hp; 6-speed manual at launch, PDK optional from late 2020; RWD; cylinder deactivation on partial throttle (a Porsche first). Production not cleanly published.
718 Cayman GT4 RS (reference — separate model)2021–Not separately recordedDistinct hotter GT-department car with the 4.0L flat-six rated at 500 PS, PDK only. Reference only — a separate model covered in its own guide and NOT folded into the GT4 build totals.
Buyer's Guide

What to look for

Provenance and originality

Start with identity, paperwork and originality. The strongest cars carry a continuous Porsche or recognised-specialist service file, matching numbers, both keys, complete books and tools and — where available — the Porsche Certificate of Authenticity and factory build documentation. For both GT4 generations, prioritise fully documented Porsche or specialist service history, original paint, manual gearbox where available, and an unmodified car. Track-day history is not a disqualifier where it is documented and the car has been maintained accordingly; undocumented track use is a red flag.

Mechanical inspection priorities

Inspection should be led by a Porsche GT-model specialist. Verify full PIWIS diagnostic history, cold-start behaviour, cooling-system integrity, clutch condition (manual) or PDK behaviour, brake condition (PCCB weight and thickness where fitted) and evidence of contact on splitter, sills and diffuser. A proper pre-purchase inspection includes cold-start behaviour, an undertray-off inspection of the engine and gearbox, chassis and suspension survey, brake condition and a long enough road test to expose heat- and load-related faults. Deferred maintenance on a specialist Porsche is almost always more expensive than buying a better-sorted example.

Body, paint and history

Use a paint-depth gauge and a lift inspection. Confirm any PPF history; inspect splitters, sills and undertrays for evidence of contact; and price concealed accident or corrosion damage severely. Rust in wheel arches, sills, floors and battery-tray areas is the primary body concern on the earlier cars.

Specification strategy

Specification, colour and factory options move values meaningfully. Buy the best-documented example in the most desirable specification you can justify rather than a tired car of a rarer derivative that will need years of corrective work.

Ownership

Living with it

Typical mileage
1,000–5,000 miles typical for enthusiast use
Service interval
12 months regardless of mileage; major service on interval
Annual running cost
$3,000 – $10,000 depending on use and specification
Fuel economy
18–25 mpg depending on model and use
Insurance
Use an agreed-value collector or specialist Porsche policy with limited mileage, secure storage, documented photography and an annual value review.

Maintenance planning

Budget annually even if the car is used sparingly. Fluids age, date-coded rubber and tyres must be replaced regardless of mileage, and stored cars need periodic exercise. A documented maintenance rhythm protects both reliability and resale value.

Parts and specialist access

Porsche Classic and the wider Porsche specialist network support parts supply well for most generations. For low-volume or period-specific components, a knowledgeable marque specialist is essential to source correctly and preserve originality.
Common Problems

Known issues by system

Engine

IMS / RMS / bore-score history (generation-dependent) and deferred maintenance

Major$2,500 – $25,000+ depending on generation and scope
Symptoms — Oil consumption, rear main seal weeping, uneven running under load.
Inspection — Marque-specialist PPI; verify service history and any prior top-end / IMS work.
Cooling / turbo (where fitted)

Radiator debris, coolant-system integrity and turbocharger health

Moderate$1,500 – $10,000
Symptoms — Fluctuating temperatures, boost leaks, oil consumption.
Inspection — Cooling-system pressure test, boost-leak test, radiator inspection.
Suspension / brakes

Bushings, dampers, PASM units and brake service items

Moderate$1,500 – $12,000
Symptoms — Untidy tracking, uneven tyre wear, vibration under braking.
Inspection — Lift inspection; PASM function test.
Body / paint

Repainted panels, stone-chip repairs, PPF residue

Moderate$2,000 – $20,000
Symptoms — Paint-depth inconsistency, panel-gap variance.
Inspection — Paint-depth gauge, full lift and light inspection.
Auctions

Recent results

DateAuctionCarMileageResult
2024-08-16
Gooding Christie's
Pebble Beach (Lot 2)
2023 Cayman GT4
$201,600
Sold
2024-06-12
RM Sotheby's
Cliveden House (Lot 358)
2016 Cayman GT4 (981)
$140,000
Sold
2023-11-25
RM Sotheby's
Lot 107
2022 718 Cayman GT4
€86,250
Sold
Investment

Long-term outlook

Strong HoldHorizon: 5–10 years

GT-developed, naturally aspirated, manual-available mid-engine Porsche in an era where those combinations are structurally scarce. The 981 is the founding car; the 718 4.0 is the sharper evolution.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Porsche Centre / factory-approved workshop
    View →
    UK / Europe / USA
    Factory-standard servicing, PIWIS diagnostics and originality reviews.
  • Independent Porsche specialist
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    International
    Pre-purchase inspections, mechanical and cosmetic assessment for collector Porsches.
  • Concours preparation studio
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    International
    Paint correction, PPF, detailing and sale preparation for collector Porsches.

Storage

  • Windrush Car Storage
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    London & Cotswolds, UK
    Climate-controlled storage and collection management for high-value collector cars.
  • AutoVault
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    Essex, UK
    Dehumidified storage at 55% RH in purpose-built sealed buildings, with maintenance programmes and individual motor-trade insurance cover.
  • Classic Car Club Manhattan
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    New York, NY
    Secure urban storage for collector and modern performance cars.

Transport

  • CARS UK
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    UK & Europe
    Enclosed event, concours and collection transport across Europe.
  • Reliable Carriers
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    USA (national)
    Enclosed coast-to-coast transport for collector cars.
  • FERRLOG
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    Italy / Europe
    Air-ride enclosed transport for European collector and hypercar cargo.
Related

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.