Took My Haircut
11-29-2017, 03:00 PM
#61
Burning Brakes
A lot of you guys are clearly hesitant to sell your cars privately, and are paying an excessive amount to avoid the ordeal. Why not just sell it at the dealer on consignment then, and not take such a beating? In the OP's example he is at roughly $96,000 when you factor in the FL sales tax credit, but I suspect the dealer can move this car at about $120,000. If he had paid the customary 5% consignment fee, he'd be looking at $114,000 vs $96,000 which is a lot of tires and brakes!
11-29-2017, 03:02 PM
#62
Three Wheelin'
The general point is valid, but I'm not sure about the math.
In my state, sales tax is 6%, paid by buyer. So if a $100K car is traded in, saving on the new car is $6K, so that justifies accepting $6K less on the trade-in. An additional amount can be credited towards convenience of trading in, and in my case around $5-10K. And if trading in helps get an allocation for a new GT3, some additional credit also, though in my case I expect that I could get the allocation anyway.
All things considered, I guess I'd accept $10-15K less on a trade in, as compared to private sale. I can see why others might accept a larger delta for trade in, so maybe the OP's deal doesn't look as bad based on these considerations, but of course a premise is that we're talking about trade in, not just selling to a dealer.
In my state, sales tax is 6%, paid by buyer. So if a $100K car is traded in, saving on the new car is $6K, so that justifies accepting $6K less on the trade-in. An additional amount can be credited towards convenience of trading in, and in my case around $5-10K. And if trading in helps get an allocation for a new GT3, some additional credit also, though in my case I expect that I could get the allocation anyway.
All things considered, I guess I'd accept $10-15K less on a trade in, as compared to private sale. I can see why others might accept a larger delta for trade in, so maybe the OP's deal doesn't look as bad based on these considerations, but of course a premise is that we're talking about trade in, not just selling to a dealer.
11-29-2017, 03:04 PM
#63
Dealer trade offers the opportunity to obtain an MSRP allocation for the new GT3. When you factor in sales tax credit, ease of transaction along with the MSRP on the new GT3, it’s worth it. I suspect the longer one holds the .1 GT3, the worse the values.
11-29-2017, 03:09 PM
#64
Burning Brakes
Thread Starter
A lot of you guys are clearly hesitant to sell your cars privately, and are paying an excessive amount to avoid the ordeal. Why not just sell it at the dealer on consignment then, and not take such a beating? In the OP's example he is at roughly $96,000 when you factor in the FL sales tax credit, but I suspect the dealer can move this car at about $120,000. If he had paid the customary 5% consignment fee, he'd be looking at $114,000 vs $96,000 which is a lot of tires and brakes!
11-29-2017, 03:12 PM
#65
I disagree that you took a haircut then. They could have given you $25K more on the trade to make it $116K (which sounds about right considering track wear and tear ....and at 7,000 track miles there has to be wear and tear). Then put it on the top end of the new purchase as ADM. If this was the case, nobody would be criticizing your choice, as $25K ADM is the price to get into the game earlier....instead they would be bitching about ADM's
Now the dealer can say they sold it at MSRP, so they win.
Heck, you have the .2, so you win.
Winner-Winner-Winner-Chicken-Dinner
So this whole thread is MOOT!
11-29-2017, 03:18 PM
#66
Burning Brakes
In your case, Suncoast may not have been willing to let you consign the car with them instead of trade it. I just wanted to point out there is an additional option often available beyond private party sale and trade. Further, perhaps Suncoast made your MSRP allocation contingent upon your trading the 2014 in which case they could name their price.
11-29-2017, 03:21 PM
#67
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,063
Received 4,374 Likes
on
2,488 Posts
I disagree that you took a haircut then. They could have given you $25K more on the trade to make it $116K (which sounds about right considering track wear and tear ....and at 7,000 track miles there has to be wear and tear). Then put it on the top end of the new purchase as ADM. If this was the case, nobody would be criticizing your choice, as $25K ADM is the price to get into the game earlier....instead they would be bitching about ADM's
Now the dealer can say they sold it at MSRP, so they win.
Heck, you have the .2, so you win.
Winner-Winner-Winner-Chicken-Dinner
So this whole thread is MOOT!
11-29-2017, 03:25 PM
#68
Race Director
11-29-2017, 06:52 PM
#69
Agent Orange
Rennlist Member
Rennlist Member
My first thought was “yikes!!” But a friend reminded me how there are now cars on their 3rd engine in 3 years... it’s hard to ask 6 figures for that type of car... Hopefully the new one is better! 
11-29-2017, 07:06 PM
#70
OK in the OP's case, the dealer knew the car's track history. I say considering the .2 GT3 at MSRP and the hassle-free transaction, the OP got a good deal. Enjoy the new car and don't look back!
11-29-2017, 07:17 PM
#71
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,063
Received 4,374 Likes
on
2,488 Posts
You may not be aware that the 991.1 GT3 engine has a greatly extended warranty (10 years, 120K miles), so the engine situation with this car is actually a positive for its valuation. You can essentially track the crap out of the car for years, and if the engine blows, Porsche gives you a brand new latest-version of the engine for free.
11-29-2017, 07:33 PM
#72
Burning Brakes
Thread Starter
You may not be aware that the 991.1 GT3 engine has a greatly extended warranty (10 years, 120K miles), so the engine situation with this car is actually a positive for its valuation. You can essentially track the crap out of the car for years, and if the engine blows, Porsche gives you a brand new latest-version of the engine for free.
11-29-2017, 07:33 PM
#73
Rennlist Member
As to the OP and his deal, he effectively paid $25k over MSRP, but as others have stated a significant benefit was realized.
11-29-2017, 08:11 PM
#74
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,063
Received 4,374 Likes
on
2,488 Posts
I seriously doubt that Porsche is going to deny replacement of any failed engine, provided that normal servicing was done. PDK prevents over-revs, so engine failure would presumably be linked to an engine defect, and it wouldn't necessarily be easy or in Porsche's interest to try to argue that such a defect was totally unrelated to the finger follower issue. As far as I know, all of the engines which had problems so far were replaced under warranty without Porsche going through such an exercise, and of course Porsche replaced all of the initial set of engines regardless of whether showed any problems at that point. Years of experience show that Porsche is standing behind these engines.
