W8MM

From PCNA 19 March 2015 "918 VIP Customer Program Benefit":

"918 VIP vehicles must be sold, titled, and registered to the associated 918 VIP customer" -- no mention of a holding period, just a sale, titling, and registration requirement.

Now, here's a special case: "Dealer Purchased 918 Spyders:"

"Any car delivered to a Dealer as a VIP Program customer must also be titled and registered. These vehicles may also be registered to the dealer's "wholesale company". These cars may not be sold for the first six months of ownership. After six months, they may be sold as used cars without impacting Dealer VIP rights. PCNA will audit these units to assure these ownership terms are met ........"

lumber

Most (all) 918 owners that are buying the rs just because they can, if and when they decide to flip, are going to recoup their sales tax plus something for their efforts.
This will be in line with the market adjustment on the car. Even if they all sell upon delivery, there wont be any discounted used rs for sale for a while...

signes

I heard the same 6 month hold time, and that at my dealer most if not all will sit at the dealer for that 6 month period then will be sold. Doesn't sound like their 918 clientele wants them.

Me&You

All of this talk about 6 month holds and everything else is essentially moot with regard to the OP, since he doesn't want to pay over MSRP.


FWIW, I know of several US dealers offering up to $50k over sticker for early delivery cars.

GL OP.

W8MM

Did any of you guys read my post above?

There IS NO 6-MONTH HOLD unless the 918 purchaser is DEALER!

lumber

918 cars are going to bring a premium of at least what? 25-50k over.

Unless they are being bought for friends/family, who is wasting their time flipping an rs to cover their costs...this only helps rs values...

F1Rocket

This sounds like deja vu from the Ferrari 288GTO resales a few decades ago. Ferrari pecked away at keeping owners from making more money on the cars than the dealers did. Many iterations of leases and contracts eventually took control of the marketplace. Interesting that Porsche didn't just follow the lead of others in restricting resale of cars. Makes one smile that successful companies don't seem to understand market pressures. They restrict production and when they are successful with the product, they don't know what to do with it. Sadly, the consumer suffers in spite of the efforts.

stronbl

Set up a new Trust or into an existing one and title it to the Trust. Trustee sets terms of use and allowable "users" - can be set as non-beneficiary or deemed user. Trust sells the car whenever the Trust deems appropriate to do so. Gains, losses, taxes, liabilities etc managed by the Trust.

I would imagine many 918's have or have considered some alternative holding mechanisms for these items.

*** Apologies for keeping the off-topic part of the thread going. ***

Me&You

I've heard of similar structure using an LLC.

Set up LLC -> Title "untransferable" car to the LLC -> Sell LLC and all assets, including "untransferable" car - > done.

GreenLantern

The issue isn't how you register it with the DMV, it's that you need a human name to order a car from PCNA. Eventually they'll find out someone else is bringing it in for service / warranty work.

br911

Buy 918
Buy GT3RS and GT4 through VIP program
Sell 918
Keep GT's

For $1MM purchase and$1.35MM sell, as we have been reading about, you are almost able to keep GT's for free (cap gains taxes ?). No LLC, Trust issues, additional legal fees,etc. but most important, not a single dime over msrp to dealer.

GreenLantern

FYI, you have to sit on your 918 Spyder for 6 months to have VIP privileges for 3 years (from initial purchase). If you sell before 6 months, they expire immediately (obviously any allocs you already secured remain yours). If you sit on it for 3 years, your VIP privileges extend to a full 10 years (presumably in time for the 918 successor, and a possible refresh of the VIP program).

usctrojanGT3

Exactly what I would have done if I had the money. Basically the 918 appreciation pays for the RS and GT4....win-win-win.

br911

yes, aware of that. I implicitly assumed that between 918 arrival and the arrival of the 2 GT's, about 6 months would have elapsed anyway. Also, to be a little more precise, the carry cost of such transaction is negligible, given low rates nowadays. But we know that the $350K in pre-tax profit is after the fact. Easy to say now. Before the fact one could think about risking part of $1 MM (depreciation, lack of future interest, P1 is better,,...) in order to save, say, $50K (RS) + $20K (GT4) dealer markups. So a 7% return for a 6 month transaction - not bad.In fact, once again, given where rates are, it might be worth keeping the 918 for 3 years and extract the rent from dealers for next 10 years. Also, better than buying 10 brand new cars over time from dealer to establish relationship (questionable anyway). Try telling anyone that buying a $1 MM car could be a good deal... Apologies OP for off-topic, but I had to get these numbers out of my chest.

-eztrader-

hind sight is 20/20, but at the time when deposits were due, I was convinced Porsche would never sell all the 918's and prices would immediately be 200-300k lower.

How wrong I was