Porsche Cracking Down on Flippers?
#16
#17
Ferrari dealers are now asking for recorded liens on early production cars in the NY/CT market so you can't sell it to anyone else without their permission - good way to make sure you get screwed on resale...
#18
Rennlist Member
PCNA had booted quite a few out of the VIP programs because those guys 'flipped' their GT3RS and/or 911Rs
That was under pressure from the dealers, as the official stance was that they are DEALERS, they are there to make money off cars, not customers.
Dealers have a iron-clad license from Porsche to flip cars and that's the bottom line. You PCNA customers are quite screwed that way.
The counter argument is that most of the 918 VIPs are serial car buyers, they buy 5-10 cars a year, sometimes sight unseen, they might drive something for a couple weeks then either didn't like it or something else arrived and had to make room.
The unofficial stance was that if those customers at least keep the car for 6 or more months they 'should' be fine.
#19
#20
Three Wheelin'
Ferrari does a good job stopping the flippers and dishonest dealers. My friend owns two Ferrari Stores. When they order a car for a customer a copy of the customer's driver's license has to be part of the customer's file. FNA has been know to make unannounced visits to dealers checking on the buyer's files. Unlike Porsche dealers who can make up fake customer orders... Ferrari dealers are held to a higher standard.
#22
#23
Rennlist Member
Enforcing against flipping is relatively easy. The dealer tells the buyer of a GT car that the dealership would like the first opportunity to buy the car back should the buyer want to sell. If the buyer fails to do that, he/she will not get any future allocations. Not complicated.
#24
Enforcing against flipping is relatively easy. The dealer tells the buyer of a GT car that the dealership would like the first opportunity to buy the car back should the buyer want to sell. If the buyer fails to do that, he/she will not get any future allocations. Not complicated.
I know that I will get a few K under sticker on my car for trade in, but in return I get the next car for sticker. If I sell the car privately, then I'm not 'in' with the dealership and have to fight more to get an allocation, if I can get one at all. Returning a GT car makes it a lot easier to get the next one obviously. If I'm not 'in' with the dealer then I have to buy a car on the secondary markup with ADM ... you're also free to sell your car for ADM as well in this instance. I guess it's kind of the same either way, but it does suck that I had to pay over sticker just to get into it all in the first place. Oh well.
#25
Rennlist Member
Honestly I don't buy it. VIPs and the other "big buyers" have so much cache and I can't imagine Porsche just giving them a middle finger.
Hell, Groer gets invited down to look at the new GT3 an exclusive event and my measly three Porsche purchases in the last year nets me a "you might be able to get a car later" response. LOL
Hell, Groer gets invited down to look at the new GT3 an exclusive event and my measly three Porsche purchases in the last year nets me a "you might be able to get a car later" response. LOL
I still love you Tony. And the car was worth fighting traffic to go see. The cookies were warm and delicious.
Also, the orange one doesn't count. You didn't keep it in the family.
#26
I'm just talking smack, you know that
#27
Cannot see this working out. Somebody can cash in big on a 991.2 GT3, GT2RS or whereabouts and use the proceeds to play the same game with a different manufacturer.
I don't think they have the power over consumers that Ferrari has, and even Ferrari's grip is somewhat shaky. And probably going down now that McLaren talk business, Aston Martin gangs up with Mercedes and Maserati takes their own steps.
If it does work out, I would be rejoiced. I hate flippers. If they ever make a Speedster 911 again I want fair competition with the other buyers(*).
(*) who needs a house.
I don't think they have the power over consumers that Ferrari has, and even Ferrari's grip is somewhat shaky. And probably going down now that McLaren talk business, Aston Martin gangs up with Mercedes and Maserati takes their own steps.
If it does work out, I would be rejoiced. I hate flippers. If they ever make a Speedster 911 again I want fair competition with the other buyers(*).
(*) who needs a house.
#28
Nonsense article based on some flippant comments by AP. I'll believe they're doing anything about it when I see it, and PCNA isn't doing a thing about it. I know of an instance where PCNA actually stepped in to make sure a VIP got an R knowing full well it was being flipped.
Porsche pointing the finger at flippers is like Trump blaming the media for his asshattery.
Porsche pointing the finger at flippers is like Trump blaming the media for his asshattery.
#29
Burning Brakes
For last 9 years, I have purchased and owned and driven the following Porsche's:
Modern:
2008 Porsche 997.1 GT3-RS (Viper Green)
2010 Porsche 997.2 GT3 Cup
2011 Porsche Boxster Spyder (Arctic Silver)
2011 Porsche 997.2 GT3-RS (White)
2015 Porsche 991.1 GT3 (White)
2016 Porsche 991.1 GT3-RS (White)
2017 Porsche 991.2 C4S (GT Silver) - CURRENT (DAILY)
Classic:
’67 911 (Polo Red)
’73 911T (Silver)
’73 911S (Irish Green) - CURRENT
’73 911 Carrera RS 2.7 (Tangerine #440) - CURRENT
’76 911 Carrera MFI ROW (Continental Orange)
’87 930 Turbo (White)
’91 964 3.3 Turbo (Red)
And I cannot track down a new GT3 allocation from any dealer; sure I could find one out of state; but how is that good customer service? I have never flipped a Porsche. I drive them. I track them. I love these cars. I represent their ideal customer and am loyal to them. It's hard to not get upset. And I am sure there are many who have bought many more than me in the same situation. If Porsche truly cared for enthusiast buyers, then they would ensure people like myself and others were able to get these cars without the fuss.
Modern:
2008 Porsche 997.1 GT3-RS (Viper Green)
2010 Porsche 997.2 GT3 Cup
2011 Porsche Boxster Spyder (Arctic Silver)
2011 Porsche 997.2 GT3-RS (White)
2015 Porsche 991.1 GT3 (White)
2016 Porsche 991.1 GT3-RS (White)
2017 Porsche 991.2 C4S (GT Silver) - CURRENT (DAILY)
Classic:
’67 911 (Polo Red)
’73 911T (Silver)
’73 911S (Irish Green) - CURRENT
’73 911 Carrera RS 2.7 (Tangerine #440) - CURRENT
’76 911 Carrera MFI ROW (Continental Orange)
’87 930 Turbo (White)
’91 964 3.3 Turbo (Red)
And I cannot track down a new GT3 allocation from any dealer; sure I could find one out of state; but how is that good customer service? I have never flipped a Porsche. I drive them. I track them. I love these cars. I represent their ideal customer and am loyal to them. It's hard to not get upset. And I am sure there are many who have bought many more than me in the same situation. If Porsche truly cared for enthusiast buyers, then they would ensure people like myself and others were able to get these cars without the fuss.
Last edited by Laguna_Dude; 05-26-2017 at 07:36 PM.