Milehigh981

$112K..for a 718? uh..no. I'd get a 911 T or a CPO 911 GTS for that price

Biochemlab

That's why I'm trying to get 25%+ off. I won't pay $112k. But I also don't want a 911.

I can't imagine these 2017 models are going to sell for $100k... You can spec out just about anything on a 2018 for that price...

I'll just be patient.

FlamsteadHill

Good for you.

Why was it you were complaining about paying MSRP?

BTW, I never said the price shouldn't be going down. Only that the dealer bought* the car as an investment, i.e. expected to sell it for more than their total costs. If that concept is foreign to you, well I just don't know where else to steer this conversation.

*I have no idea how the Porsche/dealer purchase/sale relationship goes.

FlamsteadHill

Have you approached a dealer with your "Dream Build"? Why not just order exactly what you want. As pointed out by a previous poster, may be cheaper than buying off the lot and you get everything you want, nothing you don't.

Biochemlab

Inventory is an asset, not an investment. There is a difference. No retail business sees inventory as an investment. It's COGS. It's an expense. If that concept is foreign to you, I would steer you toward a basic accounting course. Please stop steering my conversation on car purchases with your misunderstanding of business finance.

I don't want to pay MSRP because I'm convinced that 718s are going to depreciate badly. So, I'm working to reduce the downside for me. This is just smart use of the money I've worked so hard for. Everyone else here seems to agree.

You seem to have some issue with me. I'm not sure why. We don't know each other. Maybe you could just find another thread to give advice on something you admit to knowing nothing about.

Thanks,

Biochemlab

My dream build is still $105k. So I know I'll lose $30k in first year depreciation if I do that. I've come to the conclusion that I'd rather compromise on the build a little and maybe get something barely used so that I can stave off some of that loss.

After lots of research, I'm sure I want a 718...but that it's such an undesired car that I need to do whatever I can to protect myself from depreciation as best possible.

FlamsteadHill

I try to invest in assets.

Biz 101. It's not an expense until it's sold. Oh, and it's an IRS rule too.

Biochemlab

Not all assets are investments. Almost all (perhaps all) investments are assets.
Right, because it's an asset first... And you can depreciate it or even write it off if it doesn't sell. Just like I've said.
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Now, I think sitting on a new 2017 MY car for ten months while the 2018 MY cars are on the lot and selling means that some of the 2017 MY cars have depreciated without even being sold. Because these are prohibitively well optioned, it makes it continually harder to move these as time goes on. Now that a GTS can be ordered with many of these options at a discount, these cars values can only be justified by the immediacy that they can be driven off the lot today. Once they are sitting next to a 2018 GTS, these 2017s will be worth less to the market than a non-optioned GTS.

So, I think there's a lot of room for these to fall and if they are bought up by other people, I don't care... They aren't 'dream builds'. And there are 3 of them.

FlamsteadHill

I think you have a misguided view of the life cycle and value manufactured products. It's one thing for a dot com to go up and down thousands of percent. Not so for hard goods.

Well until you find a dealer with the same thoughts, your thoughts are just that, thoughts. Trying to rationalize it on a forum isn't going to help you in the least. Even if a thousand people agreed with you, what are you going to do? Print out a ream of paper and plop it on the sales manager's desk?

Biochemlab

I asked a question and have received useful information from people here. The conquest discount was a fine example of that. I can use that in my negotiations. Another member clued me into a 3rd example of the same car that I wasn't aware of, thereby strengthening my position and buying me additional time.

Please stop hijacking my thread with your adversarial attitude towards me. You are not helpful. Go away.




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tuto993

My rec:

If you can afford it, decide what you think is a fair price (I guess 25% off MSRP), go to your bank, get certified check, take it with you, put it on the table, and ask for the paperwork.

If they do not take that check, walk away. They will be hard press to let you walk away. It's never failed me. Best way to buy a car IMHO...

CaymanSinAR

Click on User CP at the top left corner of the screen. Next click on Edit Ignore List on the left about halfway down. Then add this guy to the box that says Add a Member to Your List.

Voila.

You're welcome.

Biochemlab

Thanks. Luckily one of the 3 is about 30 minutes from me. I'll try that later this week. I didn't really think it would make much of a difference making the same offer online, money's money... But might as well try it and see what they say. Can't hurt.

Biochemlab

Thank you! Still learning the functions of this board.

BryanCO

Maybe just don’t keep replying? And then there is no need for sharing your business bonifides and the economic lessons...which is interesting since you seem set on an undesirable car (by your estimation) that you expect to depreciate heavily.