New GT3/GT2RS Leads With/Without ADM
01-15-2019, 10:41 PM
#3631
Rennlist Member
Question for the 2RS owners......I have a car I am purchasing from a dealership that does not have either the Mag wheels or the carbon fiber steering wheel on the vehicle. My question is............do the second set of wheels and carbon fiber steering wheel when they come in go to the dealership or do those belong to me as the buyer?
01-15-2019, 11:30 PM
#3632
Question for the 2RS owners......I have a car I am purchasing from a dealership that does not have either the Mag wheels or the carbon fiber steering wheel on the vehicle. My question is............do the second set of wheels and carbon fiber steering wheel when they come in go to the dealership or do those belong to me as the buyer?
01-15-2019, 11:36 PM
#3633
Rennlist Member
01-15-2019, 11:46 PM
#3634
01-16-2019, 12:03 AM
#3635
Rennlist Member
01-16-2019, 12:05 PM
#3637
1st Gear
Join Date: Jan 2019
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I've seen a few pop up at BJ Motors.
We stopped by to see the 2019 GT3RS he had listed.
Pretty sweet set up in the back you'd never know was here. Owner is a nice guy, super knowledgable.
We stopped by to see the 2019 GT3RS he had listed.
Pretty sweet set up in the back you'd never know was here. Owner is a nice guy, super knowledgable.
01-16-2019, 07:17 PM
#3638
Was doing a little perusing today and noticed there are 177 2018 GT3s for sale on Autotrader right now. 177! That just seems nuts to me. And most of them, all used, have ridiculous ADMs in the ask, which also seems nuts.
01-16-2019, 07:31 PM
#3639
Also, what do you consider a ridiculous ADM?
01-16-2019, 08:26 PM
#3640
Most are asking $25-35k over sticker for cars with 250-1,500 miles. Given the asking prices on GT3s on RL recently, those would constitute ridiculous ADMs. But I'm more shocked simply by the fact that there are so many cars out there for sale. Almost 200 GT3s for sale in the U.S. alone?
01-16-2019, 08:35 PM
#3641
Most are asking $25-35k over sticker for cars with 250-1,500 miles. Given the asking prices on GT3s on RL recently, those would constitute ridiculous ADMs. But I'm more shocked simply by the fact that there are so many cars out there for sale. Almost 200 GT3s for sale in the U.S. alone?
01-16-2019, 08:48 PM
#3642
Not that many at this point. Most of them are used cars with miles on them. Only 25 are new and two of those are clearly not pre-sold scrapes, as they have a pic of the car. There are 153 used 2018 GT3s for sale on AT alone right now.
01-16-2019, 08:58 PM
#3643
Well, $50k over could not convince me to sell mine. Now have 4000 miles in 4 months. Sucks to see so many people (including many RL members) order them just to immediately sell them.
01-16-2019, 11:13 PM
#3644
Rennlist Member
My observation on the abundance of cars for sale on auto trader..........
The used market for Porsche GT cars, especially 2018 models, has plenty of cars available as mentioned in the previous posts.
Heck.......There may be more 2014-2018 991 GT cars for sale than regular 991 Carreras or for that matter possibly Cayennes.......
Porsche milked this phenomenon to the max and the dealers played along to make more money per unit than they ever have on a 911, by promoting scarcity, last of the NA engine, one year model, touring car collectibility, VIP allocation lists and guarantees for buying back the GT car for an upgraded Porsche car, etc...etc....
People bought them primarily because of the following suspected main reasons:
1) EGO of having the newest GT car and being VIP treated for an allocation list for a car not everyone could have. So much so that they were willing to pay an ADM for the privilege of spending $200K.
2) Low or no depreciation history in the first 3-4 years of ownership - very unique situation for an automobile, a can't lose situation created by ADM pricing inflator....
3) Wanted the greatest and latest toy for the track and they could afford it and the associated costs.
4) Flipping for a quick 5 figure profit.
Main reasons to sell, so fast:
1) For the ones who financially stretched past their means, they came to their financial senses and sold out before losing any real money.
2) Non-track people who thought they could use it as a daily driver and found out they could not and sold asap, as the car is not built for that use. There are other 911s for that.
3) Played the baiting game with the dealer to gain an allocation and upgrade to a more expensive Porsche - GT3RS, GT2RS or TT/TTS.
4) Drove the newest, hottest and no short term depreciation car and then traded it in on another newest and greatest car, i.e. Ferrari 488 or 458, Lambo, etc......
5) Could not afford the tracking costs and the car once they got into it......and maybe got bored of running around in circles on a track after a while...
6) Significant other got on their *** to sell an expensive asset that basically sat under-utilized in the garage for fear of depreciation or damage....
The used market for Porsche GT cars, especially 2018 models, has plenty of cars available as mentioned in the previous posts.
Heck.......There may be more 2014-2018 991 GT cars for sale than regular 991 Carreras or for that matter possibly Cayennes.......
Porsche milked this phenomenon to the max and the dealers played along to make more money per unit than they ever have on a 911, by promoting scarcity, last of the NA engine, one year model, touring car collectibility, VIP allocation lists and guarantees for buying back the GT car for an upgraded Porsche car, etc...etc....
People bought them primarily because of the following suspected main reasons:
1) EGO of having the newest GT car and being VIP treated for an allocation list for a car not everyone could have. So much so that they were willing to pay an ADM for the privilege of spending $200K.
2) Low or no depreciation history in the first 3-4 years of ownership - very unique situation for an automobile, a can't lose situation created by ADM pricing inflator....
3) Wanted the greatest and latest toy for the track and they could afford it and the associated costs.
4) Flipping for a quick 5 figure profit.
Main reasons to sell, so fast:
1) For the ones who financially stretched past their means, they came to their financial senses and sold out before losing any real money.
2) Non-track people who thought they could use it as a daily driver and found out they could not and sold asap, as the car is not built for that use. There are other 911s for that.
3) Played the baiting game with the dealer to gain an allocation and upgrade to a more expensive Porsche - GT3RS, GT2RS or TT/TTS.
4) Drove the newest, hottest and no short term depreciation car and then traded it in on another newest and greatest car, i.e. Ferrari 488 or 458, Lambo, etc......
5) Could not afford the tracking costs and the car once they got into it......and maybe got bored of running around in circles on a track after a while...
6) Significant other got on their *** to sell an expensive asset that basically sat under-utilized in the garage for fear of depreciation or damage....
01-16-2019, 11:45 PM
#3645
Racer
My observation on the abundance of cars for sale on auto trader..........
The used market for Porsche GT cars, especially 2018 models, has plenty of cars available as mentioned in the previous posts.
Heck.......There may be more 2014-2018 991 GT cars for sale than regular 991 Carreras or for that matter possibly Cayennes.......
Porsche milked this phenomenon to the max and the dealers played along to make more money per unit than they ever have on a 911, by promoting scarcity, last of the NA engine, one year model, touring car collectibility, VIP allocation lists and guarantees for buying back the GT car for an upgraded Porsche car, etc...etc....
People bought them primarily because of the following suspected main reasons:
1) EGO of having the newest GT car and being VIP treated for an allocation list for a car not everyone could have. So much so that they were willing to pay an ADM for the privilege of spending $200K.
2) Low or no depreciation history in the first 3-4 years of ownership - very unique situation for an automobile, a can't lose situation created by ADM pricing inflator....
3) Wanted the greatest and latest toy for the track and they could afford it and the associated costs.
4) Flipping for a quick 5 figure profit.
Main reasons to sell, so fast:
1) For the ones who financially stretched past their means, they came to their financial senses and sold out before losing any real money.
2) Non-track people who thought they could use it as a daily driver and found out they could not and sold asap, as the car is not built for that use. There are other 911s for that.
3) Played the baiting game with the dealer to gain an allocation and upgrade to a more expensive Porsche - GT3RS, GT2RS or TT/TTS.
4) Drove the newest, hottest and no short term depreciation car and then traded it in on another newest and greatest car, i.e. Ferrari 488 or 458, Lambo, etc......
5) Could not afford the tracking costs and the car once they got into it......and maybe got bored of running around in circles on a track after a while...
6) Significant other got on their *** to sell an expensive asset that basically sat under-utilized in the garage for fear of depreciation or damage....
The used market for Porsche GT cars, especially 2018 models, has plenty of cars available as mentioned in the previous posts.
Heck.......There may be more 2014-2018 991 GT cars for sale than regular 991 Carreras or for that matter possibly Cayennes.......
Porsche milked this phenomenon to the max and the dealers played along to make more money per unit than they ever have on a 911, by promoting scarcity, last of the NA engine, one year model, touring car collectibility, VIP allocation lists and guarantees for buying back the GT car for an upgraded Porsche car, etc...etc....
People bought them primarily because of the following suspected main reasons:
1) EGO of having the newest GT car and being VIP treated for an allocation list for a car not everyone could have. So much so that they were willing to pay an ADM for the privilege of spending $200K.
2) Low or no depreciation history in the first 3-4 years of ownership - very unique situation for an automobile, a can't lose situation created by ADM pricing inflator....
3) Wanted the greatest and latest toy for the track and they could afford it and the associated costs.
4) Flipping for a quick 5 figure profit.
Main reasons to sell, so fast:
1) For the ones who financially stretched past their means, they came to their financial senses and sold out before losing any real money.
2) Non-track people who thought they could use it as a daily driver and found out they could not and sold asap, as the car is not built for that use. There are other 911s for that.
3) Played the baiting game with the dealer to gain an allocation and upgrade to a more expensive Porsche - GT3RS, GT2RS or TT/TTS.
4) Drove the newest, hottest and no short term depreciation car and then traded it in on another newest and greatest car, i.e. Ferrari 488 or 458, Lambo, etc......
5) Could not afford the tracking costs and the car once they got into it......and maybe got bored of running around in circles on a track after a while...
6) Significant other got on their *** to sell an expensive asset that basically sat under-utilized in the garage for fear of depreciation or damage....
