CPO GT3s lined up for sale - local dealer
03-26-2019, 05:10 PM
#92
Racer
I'm sorry, wut?Affordability is not just that you have the money in the pocket, that is just basic arithmetic , it's that you can and are willing to depart with the cash to get the car based on your personal circumstances. This is a set of personal choices and priorities that you will make to justify what is affordable. For some people buying a $250K is not affordable even though they have $250K in the bank, for others a $250K is chump change and they don't care how much they can save relative to MSRP.
So bottom line, if you can't afford to buy an expensive toy right now, then don't. If you need to wait more time (depreciation and/or saving more money) to afford the expensive toy, do that. All the dealers know this, which is why they hide inventory, tell you that things are limited and make out that a GT3 is the unicorn of cars, refuse to take MSRP offers, etc,etc. They aren't stupid and are taking a calculated risk.
03-26-2019, 06:01 PM
#93
Rennlist Member
Thread Starter
Porsche USA Preowned Website has 372 991 GT3 / GT3RS For Sale with Porsche Dealer Asking Prices starting at $ 110,000
https://nationalpreownedporsche.com/...e=2020&page=28
Add 991 GT3's / GT3RS's being sold Privately and by Non-Porsche Dealers, Used Car Dealers and Auctions mean at least 500 991 GT3's are looking for Buyers.
Same Website has 43 991 GT2RS's in present Porsche Dealer Inventory, most with VERY low mileage.
Porsche USA Preowned Website also has 233 991 Turbos For Sale with Porsche Dealer Asking Prices starting at $104,000
https://nationalpreownedporsche.com/...e=2020&page=28
Add 991 GT3's / GT3RS's being sold Privately and by Non-Porsche Dealers, Used Car Dealers and Auctions mean at least 500 991 GT3's are looking for Buyers.
Same Website has 43 991 GT2RS's in present Porsche Dealer Inventory, most with VERY low mileage.
Porsche USA Preowned Website also has 233 991 Turbos For Sale with Porsche Dealer Asking Prices starting at $104,000
03-26-2019, 06:10 PM
#94
Rennlist Member
Not sure why discussions of values tend to trigger people here (other than the frequency of this topic being discussed, which I agree can become repetitive). Everyone has different goals, and for some people waiting until a car has bottomed out on its depreciation curve is part of their goal. For other people, driving and enjoying the car no matter the cost is their goal.
03-26-2019, 06:33 PM
#95
The cars that had too many boxed checked and/or had CXX stuff will depreciate the most just like with previous models. A good lower spec car with the right options will always retain its value best. So many guys on here talk about how this car is their keeper and just end up selling the car 6-12 months later, for most of those people they are just lying to themselves because Porsche will come out with something better and they'll dump their "keeper" for the new shiny toy. For me, there are only 2 "keeper" porsches....a 997 4.0L and a CGT, everything else is expendable.
03-26-2019, 11:08 PM
#97
03-26-2019, 11:26 PM
#98
Racer
Or said another way, do you care if you (figuratively) get MSRP and 10 other buyers have to pay an ADM? I'd think not.
03-27-2019, 03:53 AM
#99
Three Wheelin'
The simple solution to flipping: make more cars! Why should buyers make money when the profit is there to be had by Porsche? Don't dilute the brand by overproducing, but also don't leave out buyers willing to pay MSRP for a car.
Porsche's underproduction has always baffled me. It makes no sense as I can't find a way that they profit from it. The dealers taking the ADM are making all of the money.
Porsche's underproduction has always baffled me. It makes no sense as I can't find a way that they profit from it. The dealers taking the ADM are making all of the money.
03-27-2019, 03:57 AM
#100
Three Wheelin'
Part of the appeal of GT cars was the fact that their depreciation curve historically has been much slower than other sport/weekend ,
so that brought people into the GT market that otherwise might have bought other options ,
now what happened is Porsche decided to increase production significantly and that led to plenty of cars sitting at dealer lots
also a lot of dealers got greedy , and held on selling their allocations , and built these cars to sell for a higher ADM on arrival
so how this shake up , no one knows exact path details
but what we know for certain is demand and supply curve is now tilted to much more supply than demand , and this will put downward pressure on prices , but lower prices will bring more people into the GT market
so we will see
so that brought people into the GT market that otherwise might have bought other options ,
now what happened is Porsche decided to increase production significantly and that led to plenty of cars sitting at dealer lots
also a lot of dealers got greedy , and held on selling their allocations , and built these cars to sell for a higher ADM on arrival
so how this shake up , no one knows exact path details
but what we know for certain is demand and supply curve is now tilted to much more supply than demand , and this will put downward pressure on prices , but lower prices will bring more people into the GT market
so we will see
This pissed me the hell off. Why should this guy, dealer owner-rich scumbag or whatever, pull an allocation away from an enthusiast bent on driving the car? I told the sales guy as much: these aren't investments and that passion is what holds this brand together.
03-27-2019, 04:05 AM
#101
Three Wheelin'
It's been well under way for some time. The drastic drop in 991.1 GT3 RS in last 6 months has been eye-opening. Just in the last few months there was another drop from 185-195k to 170-180k for similar spec/lower end of market. Won't be surprised to see $140-150's by next winter, decent spec w ~5k mi for $160's. Market full of dreamers.
03-27-2019, 04:54 AM
#102
Rennlist Member
I am envious of the length of your keeper list; I’d love to cut my keeper list down to 2 cars! No sarcasm; I’d seriously like to convince myself of a 2 car keeper list. My wife would like me to do that too. My storage guy and mechanc would not 
03-27-2019, 05:55 AM
#103
Race Director
Totally agree.
Not sure why discussions of values tend to trigger people here (other than the frequency of this topic being discussed, which I agree can become repetitive). Everyone has different goals, and for some people waiting until a car has bottomed out on its depreciation curve is part of their goal. For other people, driving and enjoying the car no matter the cost is their goal.
Not sure why discussions of values tend to trigger people here (other than the frequency of this topic being discussed, which I agree can become repetitive). Everyone has different goals, and for some people waiting until a car has bottomed out on its depreciation curve is part of their goal. For other people, driving and enjoying the car no matter the cost is their goal.
03-27-2019, 07:33 AM
#104
03-27-2019, 10:55 AM
#105
Three Wheelin'
People toss 997.2 GT3 4.0s and CGTs as well. Keepers are the ones forgotten in barns, The right price is what makes everything for sale.