Clocked

I have been considering selling my GT3 when it arrives in September so I tested the waters.

Spoke to 3 Porsche dealers on the west coast.

They said to me they would view it as a used car even though it would have no driven miles (I would purchase it and then sell it) thus be titled the range of price was:

20% to 30% below MSRP!!!

I recently sold a 2011 458 and lost just under 15%.

If this is any indication of value for these cars no way would I take delivery.

Thoughts?

Nick

Gary, if what you say is true and I have no reason to doubt you then the compensation program is clearly inadequate. I would only add that dealers are trying to low ball you. Most if not all new Porsche's experience a 10-15% depreciation in their first year. Some do better in later years. The 997GT3's values are holding up well and unquestionably demonstrate how ridiculously low the dealers are offering you on a new GT3.

Jimmy-D

Lumber's car will be sold in days if not already. They have cars listed on their web site and they are all sold or not delivered. Most dealerships will welcome if you don not take delivery. There is a line for them and once the engine is replaced they will be bye-bye

doubleurx

Of course the dealer is low balling you. That is what they do on any trade. I would venture to guess you would get well over MSRP selling it privately due to the lack of cars available.

Jimmy-D

I think in the end; if you are buying this GT3 because you think you will make a quick buck I would say that this will probably not happen. You can come out okay(whole)if your Dealer willing to buy it back at MSRP after you know you will receive compensation. But, if you are buying this car for what it offers then you will not be over paying, by any means, in comparison to its competition. You will probably be getting the bargain of the decade and the envy of many. You can probably enjoy this for 2-3 years sell it and feel you definitely got your money's worth

ColdList

Porsche cars show up on dealer websites as soon as the VIN# is assigned even if they are ordered units. They are likely ordered cars waiting on engine replacement. GT3s do no sit around. In fact, I was speaking with the GM of my dealer here the other day and I quote "if you walked in here today with a used GT3 with 500 miles on it I'd give you MSRP all day. I have a huge list of buyers who would jump on it right away."

ColdList

^^^^This. They are low balling you my friend. The GT3 is one hot commodity and they know it. Call any dealer here and try to get an allocation-won't happen. Also, the 458 coupes are starting to nose dive in value (overstated obviously when I say "nose dive" but they are dropping more than ever). The used spiders are still grabbing over MSRP because of scarcity. I ordered a 2014 for MSRP while looking at 2013s for $10K more. I have spent a lot of time looking at 2010-2014 coupes as an alternative and you can find some bargains out there now. The anticipated M458-T is going to hurt them..and already is.

Clocked

Just to clarify, I agree the dealers I spoke with are low balling. After they gave me the percentage I asked two questions:

1. Have you told the GT3 customers that have not gotten their cars back or are still at port that they will loose 20 to 30%? Well no they have not asked what the car is worth.
2. Don't you owe some ethical obligation to let your customers know that the depreciation on a unique, limited edition of only 1,000 cars in the world will be worth less the day they take delivery, than any other Porsche you sell today? Silence!!!

I was only mentioning what they told me. I do not believe one word they told me.

These cars are unique and will hold value better than any other 2014 or 2015 Porsche percentage wise.

To be clear my intent was only to take the temperature and I am not in any way thinking about "making" a quick buck, never have.

All of us that take delivery weather a 2014 or 2015 will be more than fine.

ColdList

Honestly, I am sort of doing the same thing. I will save a lot of depreciation by trading the TTS now and buying the GT3. My plan is to drive it for a little while and if I don't love it I will then order a face-lifted 991 TTS. You can always get a TTS-GT3 not so much.

Gravs

No you are wrong it goes 1) F458 Speciale, 2) GT3, 3) 650S, 4) F458, 5) 12C, 6) TTS.

And if you allow money into equation, well...

Sent from my mobile using Rennlist

Nick

I believe the replacement for the 458 is due next year. All 458s' values will be taking a hair cut. What is a M458T?

0Q991

Facelift model of the 458 with turbocharged engine that's a beefed up version of the one in the new California T--with power and torque to match up with the 650S.

IMO the current 458 and Speciale are going to be the last NA V8s that Ferrari makes...a reason to buy them, not sell...

Nick

Sorry, Ferrari doesn't do mid-engine facelifts. Each model is given about a five year life span and a new model introduced. I agree the new model replacing the 458 probably will be either turbo or supercharged. But it will not be a 458 iteration. It will be a completely new model.

0Q991

Haha. I'm sure you're right--I'm just going by the rumors on Autocar and Autoblog. Your point makes more sense though--would be weird for Ferrari to introduce a whole new engine in an existing body / model.

Would you consider a turbo Ferrari for your stable, Nick?

ColdList

Actually, the new model will be introduced at Geneva in March. I will be there to see it during VIP/Press days. It will be a revised 458 with a few body mods to accommodate the Turbo motors and reportedly will push the 458 to 670 hp.