FlamsteadHill

What are you laughing about? Of course it's an investment. Have you ever run a business?

Biochemlab

​

Please read the conversation. The poster just before me made the (generally) very accurate comment that cars are a depreciating asset. This is true even for new car dealerships. We can agree that a car is an asset, but it is (generally) not an investment-grade asset. Sure, a 911 R may be an investment, but not a run of the mill 718.

Whether owned by an individual or a business, a car depreciates and has additional ownership costs above and beyond depreciation, otherwise known as liabilities. This is not characteristic of an investment. Holding an asset almost guaranteed to depreciate while paying associated liabilities is wholly inadvisable (unless you get to drive it!).

And, since you've decided to question my personal credibility, I'm registered with the SEC as an investment advisor and I just sold my first business on September 30th after founding it and running it for 11 years. The firm advised corporate clients on risk management, investment strategy, and employee benefits.

Let's go back to talking about buying cars now, please.

Biochemlab

I watched my current car sit on the lot for 4 months. In the first 2 months they declined my offer. Month 3, no activity. Month 4 they posted a new price online below my original offer. I called and offered just below the new price and they accepted... Maybe patience will pay off here too.

Bloose993TT

You should be able to get a 10% discount plus whatever conquest cash Porsche is offering at best. Think it's $4500 cash on remaining 2017 718s. There may be more cash incentivized from the factory next month since they don't want the older models sitting into 2018.

Biochemlab

Thanks, I hadn't even considered conquest money! If the earlier post about -17% was added to $4500 in conquest money, that's getting close to my original offer to them.

This is exactly the kind of info I was hoping to learn from this thread. Thanks again!

JCtx

Dealers rarely order cars heavily optioned (like mine), and when they do, it's typically because of a pre-sale gone bad. And they typically freak out at the thought of sitting unsold for a long time, like the ones OP pointed out. In my case, I called dealer when 'my' car just arrived, and they offered right off the bat the 10% plus shipping (I never expected that; nobody else discounted even a penny on their GTSs), so closed the deal on the spot, since it was a very reasonable deal. My car didn't have the main GTS option most buyers want (but not me, which is the GTS package. I wanted leather with ventilated seats), so they knew few buyers were going to be interested, and jumped in at the opportunity; I don't drive a hard bargain when a deal is fair. But yes, if you want a stripper, then you need to order one. Dealers order what they think will sell the easiest, and that includes some options. The dealer asking for MSRP when there's a $4,500 rebate lives in a different universe. I wouldn't waste my time on that one, but the other could come to terms soon enough. I don't consider the stock market an investment (more of a gamble), but a car even less. Ha ha. OP is doing the right thing. Most of us work too hard for our money, to just write a check for what a dealer want just because we like it. I would never do that either. Hang in there OP. You'll get a fair offer soon enough. Good luck.

Biochemlab

Thanks!!

These actually seem "over-optioned"... I want a lot of options, just not necessarily this exact build.

The build sheet for the older one actually said "Order Type: LF-Stock Vehicle" - so, I assumed the dealer / factory spec'd it. I sort of think the factory spec'd it because the newer one halfway across the country seems almost the exact same specs, but I don't know.

Anyone know what "LF-Stock Vehicle means?

Archimedes

I'm sorry OP, but did you say that you were looking at a 718S with a sticker price of $112k?!

Did the option list include $20,000 worth of gold coins in the trunk?

Bloose993TT

There's even a $113k MSRP still available. Crazy!

https://www.cars.com/vehicledetail/d...5962/overview/

Biochemlab

Yes, there are two of them... Very similar specs, but I can't find the gold coins on either build sheet! 😃

Here's the list...

1 982130 718 Cayman S 66,300.00
2 J5 Miami Blue 2,580.00
3 TG Leather Interior with Sport-Tex Seat Centers in Graphite Blu 2,520.00
4 250 Porsche Doppelkupplung (PDK) 3,200.00
5 457 Lane Change Assist (LCA) 690.00
6 475 Porsche Active Suspension Management (PASM) 1,790.00
7 489 Heated Multifunction Steering Wheel 470.00
8 498 Deletion of Model Designation 0.00
9 581 Luggage Net in Passenger Footwell 0.00
10 583 Smoking Package 0.00
11 625 Porsche Entry & Drive 790.00
12 630 Light Design Package 340.00
13 7UG Navigation Module for Porsche Communication Management (PCM) 1,730.00
14 858 GT Sport Steering Wheel 320.00
15 970 Two-Tone Leather Interior 0.00
16 9VL BOSE® Surround Sound System 990.00
17 CAC Rear Side Air Intake Grilles Painted 675.00
18 CAS Model Designation on Doors in Black 300.00
19 CFX Deviated Floor Mats with Leather Edging 455.00
20 CHK Climate Control Panel in Leather 775.00
21 CKX Front Air Intake Grilles Painted 710.00
22 CNG Rear Apron Painted 675.00
23 CXC Personalized Door-Sill Guards in Stainless Steel, Illuminate 1,120.00
24 CZW Dashboard Trim Package in Leather 1,605.00
25 DFS Vehicle Key Painted incl. Leather Key Pouch 530.00
26 EFA Pedals and Footrest in Aluminum 535.00
27 EKC Leather Interior Package i.c.w. Leather Interior 1,015.00
28 IV1 Porsche Connect Plus (requires subscription after trial peri 1,300.00
29 P07 Adaptive Sport Seats Plus (18-way) with Memory Package 3,465.00
30 QR5 Sport Chrono Package 2,605.00
31 XDG Wheels Painted in Black i.c.w. 911 Turbo Design Wheels 1,425.00
32 XES Preparation Door-Sill Guards, Illuminated 0.00
33 XFJ Instrument Dials in White 690.00
34 XGM Sport Chrono Clock Dial in White 420.00
35 XJA Door Handles in Black (High-Gloss) 170.00
36 XLX Sport Exhaust System incl. Sport Tailpipes in Black 2,540.00
37 XMP Sun Visors in Leather 575.00
38 XNS Steering Column Casing in Leather 465.00
39 XRD 20" Carrera Sport Wheels 2,555.00
40 XSH Seat Belts in Silver Grey 350.00
41 XTG Inner Door-Sill Guards in Leather 615.00
42 XUB Headlight Cleaning System Covers in Exterior Color 295.00
43 XUV Storage Compartment Lid with Model Logo 330.00
44 XXP Tinted Taillights 575.00
45 XYA Gear Selector in Aluminum 645.00
46 P9C Premium Package (Adaptive Sport Seats Plus, 18-way) 1,370.00
Automatically Dimming Mirrors with Integrated Rain Sensor 0.00
2-Zone Automatic Climate Control 0.00
Seat Heating 0.00
47 XEW Bi-Xenon? Headlights in Black incl. Porsche Dynamic Light Sy 660.00
Total Retail Vehicle Price 111,165.00
Delivery, Processing and Handling Fee 1,050.00
Total of Charges & Taxes 1,050.00
Total Retail Price 112,215.00

Bloose993TT

Pretty sure those are "Launch Edition" spec'd from the factory. Quick search shows 3 exact 2017 Miami Blue's available still.

Noah Fect

I'm not a medical professional, but I'll bet there's a section in the Diagnostic and Statistical Manual of Mental Disorders that matches the symptoms the dealer is exhibiting in his attempt to charge over $100,000 for a four-banger. If you can find that chapter and point it out to the dealer, it may give you a solid basis for negotiation.

Seriously, that's 911 money. Crazy to sell a 718 at that kind of price, even more so to buy it.

Biochemlab

I see Larson in Tacoma, WA and Napleton in Westmont, IL. Can you share where the 3rd one is?

EDIT: I think I found it in Austin also listed at $112k.

Thanks!

Archimedes

My god, that's hilarious, almost $50k in options on a 718S.

Leather door sills, $530 key/pouch, leather steering column and sun visors...

Biochemlab

Agree, I don't want those options... And a couple others can go... And it's missing stuff I wish it had, like PTV...

I also found the one is Austin is 121 days. But if they're launch editions, maybe that's when they were punched.