sinking

GTS - MSRP

eshney

I think you're in a good position. I am paying a $5,000 ADM for my GTS

Xxyion

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.

Xxyion

I made a long post about my thoughts, but honestly I'd keep it. Most people are paying ADM for a GTS. So you could easily sell the car for MSRP if you needed to and get all your money back. I Myself am paying 20k ADM for a GT4.

sinking

I think our goals are pretty similar. I've had several nice cars over the years. I own a Gallardo LP550-2 now that isn't going anywhere. However, all were bought used with some kind of compromise. I'm going for getting the GTS because with the direction the industry is going it is likely the last car I will actually be excited to buy new, exactly to my spec, and without buying someone elses problems I have to deal with right away. As we all know the pool of cars with mid engine, manual transmission, >= 6 cylinders is very small so once this goes out of production there's not much for me to really get excited about in the new car realm. For that reason I will 95% stick with my order. I just think it's always a good idea to re-evaluate when conditions change.

Spyder Bite

0.5% does not equal $50k on a $1M mortgage in either the annual amount or over the life of a 30 year loan

RxVol

Over the life of a 30 year loan, its more than $50k:

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)

Xxyion

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

sinking

On the internet someone is always waiting to tell you you're wrong.

Adrift

No, they're not!

(sorry, couldn't resist )

Bearrun21

@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':

• 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.

As others write, YMMV. And I wish you the best in your decision.

eadingleberry

Well. Austin housing has doubled in value in the last 24 months and pricing hasn't adjusted, yet. It is, by almost any definition, a bubble. Dont let that put you off a GTS at MSRP.

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.

mbr129

Agreed. I am "2nd in line" at a decent-sized dealer for a BGTS. I have hope that a silver lining to the market crash we are seeing is that I will get an allocation at all before end of production, and if I'm lucky, maybe I'll get it at MSRP by the time it happens.

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.

manifold danger

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.

rusmani

Congrats on landing the allocation! Seems like everything worked out for you in the end.

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!