Dealer Allocation Tracker
The following 2 users liked this post by sinking:
Charles Everson (06-16-2022),
eshney (06-16-2022)
#4398
Drifting
I'm in tech and my company is run like a tech company. My company isn't going anywhere, but I think layoffs will have to happen (not due to any non-public information). I don't think my department would be first hit and I don't think I would even be first on the block for my team since I've built myself such a niche, but I don't like to get cocky and complacent. I've had the same thought as you that I would set myself up to buy the car no matter what then just sell it if I need to. This is working off the assumption that many here have that the market for these cars will remain strong. Whenever I hear anything that resembles "this time it's different" I know I shouldn't be too optimistic. Locally what I've been seeing in the housing market shows how quickly things can change. My town was EXTREMELY hot. Then just a few weeks ago demand seemed to drop off a cliff to nothing. Open houses from ten groups at a time, endless stream to ZERO visitors. Multiple offers hundreds of thousands over to no one even looking at houses. I knew the prices of the time wouldn't last but I expected it to be more gradual like multiple offers over asking > offer at asking > offers under asking before it got to zero interest, but I guess this will happen when mortgage rates increase 3-4 percentage points in the matter of 5 months.
yeah I definitely see that. luckily the car market is a bit different than the housing market in that regard. Even if the market does soften or slow for these cars, they will still command a premium. And for me, even if I lose 10-20k on it, well that's just what it cost for me to own my dream car for a few months at least.
I think when it comes to cars, interest increasing isn't as big of a deal. The difference between 4-7% is only a few thousand dollars depending on your loan amount. Compared to a 1 million dollar house, every 0.5% is another 50,000$ basically.
That being said, I think the thing you want to really think about is what this car means to you. Is this a dream goal of yours? Or just something fun you want to try and own for a little before moving on? For me this is one of my life's goals. I don't have typical life goals like owning a house (even though I have one) or starting a family. Because those things aren't really that important to me. For me, buying a high end sports car that basically comes perfect from the factory is something I've been dreaming of ever since I was a little kid. I remember walking home from middle school one day and seeing a Porsche 911 Turbo and just thinking that was peak sports car. Ever since then the idea of my perfect sports car has evolved in my mind and the goal has always been to buy what I believed was peak sports car from Porsche and so here we are today.
I'd say if this was just something fun you hope you can have with no plans to really k eep it long term. Maybe hold off for now until the market cools? (if it ever does). There are also some great alternatives that won't break the bank like a Porsche does.
#4400
Rennlist Member
yeah I definitely see that. luckily the car market is a bit different than the housing market in that regard. Even if the market does soften or slow for these cars, they will still command a premium. And for me, even if I lose 10-20k on it, well that's just what it cost for me to own my dream car for a few months at least.
I think when it comes to cars, interest increasing isn't as big of a deal. The difference between 4-7% is only a few thousand dollars depending on your loan amount. Compared to a 1 million dollar house, every 0.5% is another 50,000$ basically.
That being said, I think the thing you want to really think about is what this car means to you. Is this a dream goal of yours? Or just something fun you want to try and own for a little before moving on? For me this is one of my life's goals. I don't have typical life goals like owning a house (even though I have one) or starting a family. Because those things aren't really that important to me. For me, buying a high end sports car that basically comes perfect from the factory is something I've been dreaming of ever since I was a little kid. I remember walking home from middle school one day and seeing a Porsche 911 Turbo and just thinking that was peak sports car. Ever since then the idea of my perfect sports car has evolved in my mind and the goal has always been to buy what I believed was peak sports car from Porsche and so here we are today.
I'd say if this was just something fun you hope you can have with no plans to really k eep it long term. Maybe hold off for now until the market cools? (if it ever does). There are also some great alternatives that won't break the bank like a Porsche does.
I think when it comes to cars, interest increasing isn't as big of a deal. The difference between 4-7% is only a few thousand dollars depending on your loan amount. Compared to a 1 million dollar house, every 0.5% is another 50,000$ basically.
That being said, I think the thing you want to really think about is what this car means to you. Is this a dream goal of yours? Or just something fun you want to try and own for a little before moving on? For me this is one of my life's goals. I don't have typical life goals like owning a house (even though I have one) or starting a family. Because those things aren't really that important to me. For me, buying a high end sports car that basically comes perfect from the factory is something I've been dreaming of ever since I was a little kid. I remember walking home from middle school one day and seeing a Porsche 911 Turbo and just thinking that was peak sports car. Ever since then the idea of my perfect sports car has evolved in my mind and the goal has always been to buy what I believed was peak sports car from Porsche and so here we are today.
I'd say if this was just something fun you hope you can have with no plans to really k eep it long term. Maybe hold off for now until the market cools? (if it ever does). There are also some great alternatives that won't break the bank like a Porsche does.
The following users liked this post:
eshney (06-16-2022)
#4401
yeah I definitely see that. luckily the car market is a bit different than the housing market in that regard. Even if the market does soften or slow for these cars, they will still command a premium. And for me, even if I lose 10-20k on it, well that's just what it cost for me to own my dream car for a few months at least.
I think when it comes to cars, interest increasing isn't as big of a deal. The difference between 4-7% is only a few thousand dollars depending on your loan amount. Compared to a 1 million dollar house, every 0.5% is another 50,000$ basically.
That being said, I think the thing you want to really think about is what this car means to you. Is this a dream goal of yours? Or just something fun you want to try and own for a little before moving on? For me this is one of my life's goals. I don't have typical life goals like owning a house (even though I have one) or starting a family. Because those things aren't really that important to me. For me, buying a high end sports car that basically comes perfect from the factory is something I've been dreaming of ever since I was a little kid. I remember walking home from middle school one day and seeing a Porsche 911 Turbo and just thinking that was peak sports car. Ever since then the idea of my perfect sports car has evolved in my mind and the goal has always been to buy what I believed was peak sports car from Porsche and so here we are today.
I'd say if this was just something fun you hope you can have with no plans to really k eep it long term. Maybe hold off for now until the market cools? (if it ever does). There are also some great alternatives that won't break the bank like a Porsche does.
I think when it comes to cars, interest increasing isn't as big of a deal. The difference between 4-7% is only a few thousand dollars depending on your loan amount. Compared to a 1 million dollar house, every 0.5% is another 50,000$ basically.
That being said, I think the thing you want to really think about is what this car means to you. Is this a dream goal of yours? Or just something fun you want to try and own for a little before moving on? For me this is one of my life's goals. I don't have typical life goals like owning a house (even though I have one) or starting a family. Because those things aren't really that important to me. For me, buying a high end sports car that basically comes perfect from the factory is something I've been dreaming of ever since I was a little kid. I remember walking home from middle school one day and seeing a Porsche 911 Turbo and just thinking that was peak sports car. Ever since then the idea of my perfect sports car has evolved in my mind and the goal has always been to buy what I believed was peak sports car from Porsche and so here we are today.
I'd say if this was just something fun you hope you can have with no plans to really k eep it long term. Maybe hold off for now until the market cools? (if it ever does). There are also some great alternatives that won't break the bank like a Porsche does.
#4402
Advanced
total interest on $1 Million over 30 years:
@ 4% = $718,695.06
@4.5% = $824,067.12 (+ $105, 372.06)
@5% = $932,557.84 (+ $108.490.72)
@5.5% = $1,044,040.40 (+$111,482.56)
Last edited by RxVol; 06-16-2022 at 07:05 PM.
The following users liked this post:
Charles Everson (06-16-2022)
#4403
Drifting
the point was that its a lot of money lol. I didn't bother to do the math because I didn't think the actual number mattered that much, but shows what I know haha
#4405
Rennlist Member
The following 7 users liked this post by Adrift:
Chonson (06-17-2022),
ngamountains (06-16-2022),
sinking (06-16-2022),
SmallCapTrader (06-16-2022),
welikethetrack (06-16-2022),
and 2 others liked this post.
#4406
Racer
@sinking , well written on your thought process and overall conservative thinking. Clearly you realize the 'car buy' is a luxury AND you want to continue to sleep soundly at night.
Based on what you shared, I also agree that you should keep your order. For peace-of-mind, you may want to take yourself through these two additional 'checks':
Based on what you shared, I also agree that you should keep your order. For peace-of-mind, you may want to take yourself through these two additional 'checks':
- If there are ANY signs of 'work trouble' when your car arrives, think about borrowing a little more money (place a smaller down payment) and/or extend the term of the loan. (Once things smooth out, you make additional payments and work to retire the debt.)
- What other quick 'side work' could you get and would you be willing to do it for 6-12 months? If you are the type that is willing to 'double-time' it when the going gets tough, give yourself permission to keep your order.
#4407
I'm in tech and my company is run like a tech company. My company isn't going anywhere, but I think layoffs will have to happen (not due to any non-public information). I don't think my department would be first hit and I don't think I would even be first on the block for my team since I've built myself such a niche, but I don't like to get cocky and complacent. I've had the same thought as you that I would set myself up to buy the car no matter what then just sell it if I need to. This is working off the assumption that many here have that the market for these cars will remain strong. Whenever I hear anything that resembles "this time it's different" I know I shouldn't be too optimistic. Locally what I've been seeing in the housing market shows how quickly things can change. My town was EXTREMELY hot. Then just a few weeks ago demand seemed to drop off a cliff to nothing. Open houses from ten groups at a time, endless stream to ZERO visitors. Multiple offers hundreds of thousands over to no one even looking at houses. I knew the prices of the time wouldn't last but I expected it to be more gradual like multiple offers over asking > offer at asking > offers under asking before it got to zero interest, but I guess this will happen when mortgage rates increase 3-4 percentage points in the matter of 5 months.
There is still probably a lot of "hopium" in this thread on the future direction of NA 718 values. The pandemic and chips and wiring loom stuff has really thrown things out of loop. That, and too much time looking at sold 993s on BAT. If you're buying something brand new with the express assumption of never losing money on it in the medium-long term, it probably isn't going to work out. That was not the prevailing thought when people were buying those 993s.
#4408
Advanced
There is still probably a lot of "hopium" in this thread on the future direction of NA 718 values. The pandemic and chips and wiring loom stuff has really thrown things out of loop. That, and too much time looking at sold 993s on BAT. If you're buying something brand new with the express assumption of never losing money on it in the medium-long term, it probably isn't going to work out. That was not the prevailing thought when people were buying those 993s.
I do believe these cars will hold their value well in the way 987 Spyders always did. But the idea that one can bank on always selling at or over MSRP no matter what is optimistic. If someone feels the pinch due to the economy and needs to sell, they will not be alone. And in that environment there will be far fewer buyers looking to buy those cars at all, never mind at MSRP or over. It's fair to assume you will get most of your money back on these no matter what, but if the thought of losing 10% or more because you need to sell it in a bad economy scares you, then I'd be worried.
Last edited by mbr129; 06-18-2022 at 03:24 PM.
#4409
Three Wheelin'
I came here because I'm excited that an allocation fell into my lap yesterday for an August delivery... Interesting how the thread has sort of devolved to value/risk discussions, but it's a good conversation nonetheless, and I feel that I have another interesting perspective to contribute.
I was in a similar situation with a 992 GTS. Things were going great in November when I placed a deposit... but a few months later and the looming threat of a $160k expense in a volatile market scenario plus some personal issues like two teenage new drivers + college expenses had me spooked. I considered just taking delivery anyway knowing that the market was hot enough I could probably MAKE money off a 992 GTS I would have gotten at MSRP... but I decided instead to just channel my energy into hitting the reset button and waiting for the car that was the much better fit- a 718 BGTS 4.0. Rather than play the speculation game and try to take delivery and drive a 992 for a few months just to jump through hoops in an attempt to flip it, I let go of my V200 allocation for the 992 with a few weeks left before it locked (and even got my deposit back because my dealer is GREAT to local market customers), but stayed in line for the 718. Estimated wait for delivery was 15-18 months. I wasn't thrilled with that wait but was prepared to deal with it. I was even a bit concerned that I might not actually get a car and started scouring used cars, which are still fetching way higher than MSRP prices.
As it turns out, a few weeks after handing over my 992 allocation, I received a text from my SA yesterday that a 718 allocation was available and locks in less than 3 weeks. The delivery is in August; around the same time I would have gotten the 992. I can easily afford the 718; a 992 would have been a stretch. The 992 unequivocally is a more desirable car- but I guarantee I will enjoy this 718 more because I can easily afford it.
IMHO, it's not worth the stress factor if you have to stretch to cover the costs of a car. The experience will always be compromised. In my case I am far better off choosing a car well within my comfort level, and I have been on cloud nine since yesterday. I never felt this way with the 992; in fact I felt relief when I gave up the allocation.
So carrying through to this scenario of potentially keeping an existing GTS 4.0 allocation, maybe that energy is better spent on a Supra, new Z, or M2 Competition, to name a few examples of awesome cars in a lower price bracket that may lead to a better enjoyment vs. stress ratio. My .02, take it or leave it.
I was in a similar situation with a 992 GTS. Things were going great in November when I placed a deposit... but a few months later and the looming threat of a $160k expense in a volatile market scenario plus some personal issues like two teenage new drivers + college expenses had me spooked. I considered just taking delivery anyway knowing that the market was hot enough I could probably MAKE money off a 992 GTS I would have gotten at MSRP... but I decided instead to just channel my energy into hitting the reset button and waiting for the car that was the much better fit- a 718 BGTS 4.0. Rather than play the speculation game and try to take delivery and drive a 992 for a few months just to jump through hoops in an attempt to flip it, I let go of my V200 allocation for the 992 with a few weeks left before it locked (and even got my deposit back because my dealer is GREAT to local market customers), but stayed in line for the 718. Estimated wait for delivery was 15-18 months. I wasn't thrilled with that wait but was prepared to deal with it. I was even a bit concerned that I might not actually get a car and started scouring used cars, which are still fetching way higher than MSRP prices.
As it turns out, a few weeks after handing over my 992 allocation, I received a text from my SA yesterday that a 718 allocation was available and locks in less than 3 weeks. The delivery is in August; around the same time I would have gotten the 992. I can easily afford the 718; a 992 would have been a stretch. The 992 unequivocally is a more desirable car- but I guarantee I will enjoy this 718 more because I can easily afford it.
IMHO, it's not worth the stress factor if you have to stretch to cover the costs of a car. The experience will always be compromised. In my case I am far better off choosing a car well within my comfort level, and I have been on cloud nine since yesterday. I never felt this way with the 992; in fact I felt relief when I gave up the allocation.
So carrying through to this scenario of potentially keeping an existing GTS 4.0 allocation, maybe that energy is better spent on a Supra, new Z, or M2 Competition, to name a few examples of awesome cars in a lower price bracket that may lead to a better enjoyment vs. stress ratio. My .02, take it or leave it.
#4410
I came here because I'm excited that an allocation fell into my lap yesterday for an August delivery... Interesting how the thread has sort of devolved to value/risk discussions, but it's a good conversation nonetheless, and I feel that I have another interesting perspective to contribute.
I was in a similar situation with a 992 GTS. Things were going great in November when I placed a deposit... but a few months later and the looming threat of a $160k expense in a volatile market scenario plus some personal issues like two teenage new drivers + college expenses had me spooked. I considered just taking delivery anyway knowing that the market was hot enough I could probably MAKE money off a 992 GTS I would have gotten at MSRP... but I decided instead to just channel my energy into hitting the reset button and waiting for the car that was the much better fit- a 718 BGTS 4.0. Rather than play the speculation game and try to take delivery and drive a 992 for a few months just to jump through hoops in an attempt to flip it, I let go of my V200 allocation for the 992 with a few weeks left before it locked (and even got my deposit back because my dealer is GREAT to local market customers), but stayed in line for the 718. Estimated wait for delivery was 15-18 months. I wasn't thrilled with that wait but was prepared to deal with it. I was even a bit concerned that I might not actually get a car and started scouring used cars, which are still fetching way higher than MSRP prices.
As it turns out, a few weeks after handing over my 992 allocation, I received a text from my SA yesterday that a 718 allocation was available and locks in less than 3 weeks. The delivery is in August; around the same time I would have gotten the 992. I can easily afford the 718; a 992 would have been a stretch. The 992 unequivocally is a more desirable car- but I guarantee I will enjoy this 718 more because I can easily afford it.
IMHO, it's not worth the stress factor if you have to stretch to cover the costs of a car. The experience will always be compromised. In my case I am far better off choosing a car well within my comfort level, and I have been on cloud nine since yesterday. I never felt this way with the 992; in fact I felt relief when I gave up the allocation.
So carrying through to this scenario of potentially keeping an existing GTS 4.0 allocation, maybe that energy is better spent on a Supra, new Z, or M2 Competition, to name a few examples of awesome cars in a lower price bracket that may lead to a better enjoyment vs. stress ratio. My .02, take it or leave it.
I was in a similar situation with a 992 GTS. Things were going great in November when I placed a deposit... but a few months later and the looming threat of a $160k expense in a volatile market scenario plus some personal issues like two teenage new drivers + college expenses had me spooked. I considered just taking delivery anyway knowing that the market was hot enough I could probably MAKE money off a 992 GTS I would have gotten at MSRP... but I decided instead to just channel my energy into hitting the reset button and waiting for the car that was the much better fit- a 718 BGTS 4.0. Rather than play the speculation game and try to take delivery and drive a 992 for a few months just to jump through hoops in an attempt to flip it, I let go of my V200 allocation for the 992 with a few weeks left before it locked (and even got my deposit back because my dealer is GREAT to local market customers), but stayed in line for the 718. Estimated wait for delivery was 15-18 months. I wasn't thrilled with that wait but was prepared to deal with it. I was even a bit concerned that I might not actually get a car and started scouring used cars, which are still fetching way higher than MSRP prices.
As it turns out, a few weeks after handing over my 992 allocation, I received a text from my SA yesterday that a 718 allocation was available and locks in less than 3 weeks. The delivery is in August; around the same time I would have gotten the 992. I can easily afford the 718; a 992 would have been a stretch. The 992 unequivocally is a more desirable car- but I guarantee I will enjoy this 718 more because I can easily afford it.
IMHO, it's not worth the stress factor if you have to stretch to cover the costs of a car. The experience will always be compromised. In my case I am far better off choosing a car well within my comfort level, and I have been on cloud nine since yesterday. I never felt this way with the 992; in fact I felt relief when I gave up the allocation.
So carrying through to this scenario of potentially keeping an existing GTS 4.0 allocation, maybe that energy is better spent on a Supra, new Z, or M2 Competition, to name a few examples of awesome cars in a lower price bracket that may lead to a better enjoyment vs. stress ratio. My .02, take it or leave it.
Maybe just my personal opinion (and possibly the opinion of others surfing the 718 GT4/Spyder/GTS 4.0 forums), but I don't think the 992 is a more desirable car by any means. The mid engine, NA 4.0 platform is truly amazing and is by no means a "step down" from a 992 in my eyes.
Again, congrats on the allocation and enjoy the car when it arrives!
The following 5 users liked this post by rusmani:
Baggerdude (06-18-2022),
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