GT3-- MSRP vs MSRP+ADM
07-25-2017, 07:58 AM
#1
Rennlist Member
Thread Starter
GT3-- MSRP vs MSRP+ADM
While some may say this dog has been beat to death the first allocations for the US are out. Many still complain about ADM. We should list MSRP OR MSRP+ADM. to help all understand this market and be prepared for the next round to drop.
1- MSRP here
1- MSRP here
07-25-2017, 08:17 AM
#2
Three Wheelin'
I was offered MSRP+7500 ADM. Told them I'll wait for an MSRP car. If I don't get one (from one of the 2 dealers I buy from), then I will leave the brand. Done with playing games.
07-25-2017, 09:09 AM
#3
ADM is to be expected this early on with the process.....those that are patient that don't have that MSRP relationship will get a car at sticker.....just a matter of how long it takes....
When I first came to this board it was the middle of 2014 and the second round of 991.1 spots were just coming out....didn't take long to get a car at sticker....
When I first came to this board it was the middle of 2014 and the second round of 991.1 spots were just coming out....didn't take long to get a car at sticker....
07-25-2017, 09:20 AM
#4
Drifting
I truly hope ya'll down south say no to ADM's. The .1 madness should not continue considering everyone should, by now, realize that this will not be the last 6mt NA, GTx car.. This is not some golden unicorn.... Just a car folks.
07-25-2017, 03:27 PM
#5
07-25-2017, 03:42 PM
#6
Rennlist Member
MSRP for me. Trading in my GT4. Guess you could say that's the ADM there but in the end it evens out with tax break and I keep my relationship. GT4 was bought from same dealer also at MSRP. Been their customer for approx 11 years.
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07-25-2017, 04:14 PM
#8
PTS allocation at MSRP
Traded my 2015 .1 GT3 19% under MSRP
Sales tax trade credit 8%
I'm pretty happy with the deal, and I'm sure I paid a hidden ADM somewhere.
Traded my 2015 .1 GT3 19% under MSRP
Sales tax trade credit 8%
I'm pretty happy with the deal, and I'm sure I paid a hidden ADM somewhere.
Last edited by 0to60; 07-25-2017 at 04:37 PM.
07-25-2017, 04:43 PM
#9
Traded in your 2015 PTS Arena Red GT3 at 19% under MSRP? Holy cow. Not to be a buzz kill, but there's your ADM.
07-25-2017, 05:08 PM
#10
Rennlist Member
I actually think this has NOT been beaten to death, at least in terms of accuracy and accountability. Here are a few key points that I see people either not consider or confuse:
1. It has been widely proven, over and over again, that many people will err on the side of "getting a better deal". I call this the Vegas syndrome. Does that make me a pessimist on accuracy of stories? Yup.
2. How is ADM defined? I will tell you how I define it. Take every Porsche you have ever purchased. Calculate how much you paid vs the MSRP. Calculate depreciation. Calculate historical depreciation on a car of that cost. Calculate the sale price if you don't have the car. The delta on all of this is the COST of owning this car. Some of that is ADM, some of it isn't. The ONLY way you have never paid an ADM on a Porsche is if this is your first Porsche and you are now getting at MSRP. Therefore, it is very likely that most Porsche owners, who purchased from a dealership, have paid some ADM on some Porsche. I think that should be part of the total ADM calculation.
3. Finally, most importantly, and most often ignored, what if the MSRP of the GT3 was $153,600? Who here (or any potential GT3 buyer) would now decide not to purchase the GT3 because it was $10K more? Answer - no one. Does that mean we all can pay an ADM of $10k? Is paying the $10k to the dealer worse than paying PAG?
In conclusion, MSRP vis a vis ADM is practically a meaningless, unquantifiable concept.
1. It has been widely proven, over and over again, that many people will err on the side of "getting a better deal". I call this the Vegas syndrome. Does that make me a pessimist on accuracy of stories? Yup.
2. How is ADM defined? I will tell you how I define it. Take every Porsche you have ever purchased. Calculate how much you paid vs the MSRP. Calculate depreciation. Calculate historical depreciation on a car of that cost. Calculate the sale price if you don't have the car. The delta on all of this is the COST of owning this car. Some of that is ADM, some of it isn't. The ONLY way you have never paid an ADM on a Porsche is if this is your first Porsche and you are now getting at MSRP. Therefore, it is very likely that most Porsche owners, who purchased from a dealership, have paid some ADM on some Porsche. I think that should be part of the total ADM calculation.
3. Finally, most importantly, and most often ignored, what if the MSRP of the GT3 was $153,600? Who here (or any potential GT3 buyer) would now decide not to purchase the GT3 because it was $10K more? Answer - no one. Does that mean we all can pay an ADM of $10k? Is paying the $10k to the dealer worse than paying PAG?
In conclusion, MSRP vis a vis ADM is practically a meaningless, unquantifiable concept.
Whatever your calculated lost is in paragraph two of your post is increased by the amount a buyer pays for ADM. So to claim we are all in the same boat is not accurate.
07-25-2017, 05:22 PM
#11
Rennlist Member
Thread Starter
There are lots of good thoughts here. When I posted the original post I thought it would be interesting to see how many got pure MSRP vs add on ADM at time of purchase excluding any trade in. We all should know a trade in of any sort always muddies the water as now there are 2 cars in the transaction.
07-25-2017, 06:36 PM
#14
With the 8% tax credit returned, it's not as bad as it looks. If I sold on my own, I lose the tax credit and probably get 5-10% under MSRP completed transaction. PTS has some value over a standard color. In reality it's a 10k ADM for PTS.
07-25-2017, 08:01 PM
#15
Rennlist Member
I'll buy used 911's and Porsche race cars, but will never send a dime to dealers/PMNA again.
Sour grapes, blah, blah, blah.