bpeacock

I have a northeast us dealership with a GT4RS allocation, delivery Jan/Feb, 60k over MSRP total.

Manifold

Have more allocations been recently released?

bpeacock

I don't think this one was released recently but I'll attempt to verify

SK991.2

No.. these are allocation customer back outs OR ones being held by dealerships for ADM sells..

jabwind51

I know if one at over 50K as well

skafia

50k+ or +50k?

Manifold

I think the market is definitely softening. My dealer offered me a 2023 4RS with 2k miles on it for $245k (MSRP was $179k). I turned it down, so the dealer went down his call list and no one wanted it. So the car will be listed on the website and offered to the first taker (and the price will drop until it sells).

Listings on cars.com are asking $240k to about $300k, and I think those sellers are dreaming.

cooler2442

Dealer quoted you 66k over which is above market unless it’s a special spec. The car will move at about 50k over which is what they’ve been selling over the past few weeks.

Manifold

It's at the low end of the asking prices in the market. I agree that it may move at $50k over, but I doubt the dealer has that much margin in it, probably almost no profit for him at that price.

cooler2442

If this car came from this dealer new then they most likely offered the guy MSRP as the trade in if they gave it to him new at MSRP but the deal was to give it back if he ever wants another allocation. Dealers are getting these cars traded in at MSRP-40 over so they could have a big margin.

Manifold

You're probably right. Car was traded-in for a non-GT 911 allocation. My dealer is an MSRP dealer, so if you get a car at MSRP, it's a gentleman's understanding that you'll trade it back for what you paid (or lower, if the market value is lower). Seems fair to me.

So I'd guess that this car will sell at 230ish and the dealer will make a nice profit.

poofyo101

also sounds like its a 23 before the price increase which changes the price by about 10%.

3-Pedals

You guys are not very smart and clearly not follow the market. I understand not everyone here with money in hand have the same academic background and world perspective. Some are PhD in Comp Sci/Physics, some are doctors or lawyers, and some are self employed. Some are early 30s some are early 50s. Clearly not everyone in every group will see the market/economy the same way.

You are buying an asset that can be worth so much less so quickly to the point you will be upside down. I know its a car and that money doesnt matter etc etc. i know i know. But you arent always going to stay in your 30s and you wont always make a ton of money trading tech stocks. Tables will be turned and life has its ups and downs. And your GT4RS is just another PDK gt car with a wing in a cayman. I got my GT3RS when tables were turned last time for 15% under msrp with only 300 miles (and the price included CPO and 2 year maintenance and delivery and ppf). Not kidding. Some of you probably werent financially there yet to afford these cars but this financial period we experienced of people making money literally free wont last. Government doesnt want it. Corporations dont want it. Ceos dont want it. Hell wall street doesnt want it. When panic starts, you better go back out for a drive and not worry about the 30% markup you paid on your cayman.

Manifold

One might say that “you guys are not very smart” is not a very smart way to start a post intended to persuade someone of something.

I agree with most of the rest of the post. Had a chat with my GM yesterday and he’s bracing for things to slow down a lot at some point.

3-Pedals

Ok so let me clarify. “You guys” here are the ones paying $40-50k over in this economy for a GT4RS thinking this is the lowest price and they are getting a good deal. I absolutely stand by “not smart” comment for people in that bucket.

Now if you have an 7 figure income (not wealth but income), then that post is not for you. But if you are making $300k/year, you made $20-30k extra trading nasdaq, you are in your early 30s, that post is absolutely for you. You will learn a valuable lesson but probably the generation after you will repeat the same mistake.

Money is very expensive right now. Your $250,000 car (with taxes) now has a whopping $46,600 interest. Not only its dumb to pay $50,000 over a car instantly becoming upside down but also the “not very smart” people cant afford these cars cash and finance them. Now your liability on this $180,000 msrp car is $300,000.

Good luck with that