Are GT3s with ADM moving off dealer lots?
04-05-2018 | 09:59 AM
#316
Rennlist Member
Joined: Mar 2014
Posts: 11,298
Likes: 1,496
From: Midwest
04-05-2018 | 10:15 AM
#317
Three Wheelin'
Joined: Aug 2015
Posts: 1,577
Likes: 26
From: Illinois
Wow, this used car dealership must have screwed up people big time to have a public website state their displeasure on how they conduct business. 
Drive safe,
GT3RS-Fan1
Drive safe,
GT3RS-Fan1
Wow, an eye opener !
They have a fan club too http://www.chicagomotorcarssuck.com
They have a fan club too http://www.chicagomotorcarssuck.com
04-05-2018 | 12:40 PM
#318
Burning Brakes
Joined: Apr 2016
Posts: 796
Likes: 328
Depends on how you see it. My trade in 911 was depreciating. Would continue to. I thought about going 991.1 GT3 for a year or two then 991.2 GT3 when the hype dies off. In every scenario I’d lose probably 20k in depreciation for the next year or two. I’m not going to go without a 911 for the next couple of years to avoid it. So when I found a car with a very very reasonable mark up, built the way I want, I figured it’s the cost of having what I want now. If I’m gonna lose money it may as well be to enjoy the car now. And hopefully this one retains its value better than my C4S or a 991.1 GT3.
Some of the ADM I see is outrageous on here. I think the car is worth an ADM (see GT350, civic type R, etc) but only the buyer can say what it’s worth to him or her.
Some of the ADM I see is outrageous on here. I think the car is worth an ADM (see GT350, civic type R, etc) but only the buyer can say what it’s worth to him or her.
04-05-2018 | 01:22 PM
#319
Racer
Joined: Oct 2015
Posts: 464
Likes: 11
One of my best car buying experiences was paying 100k over for a 599 back in the day and calling the dealer six months later only to get every cent back within an hour.
I personally dislike ADMs of course but you need to look at total cost of ownership. Market value now and down the road is an important factor.
On one hand, wouldn’t you gladly pay five times MSRP for a McLaren F1?
On the other, most cars that experienced big ADMs have normal to extreme depreciation curves. Look at 991 GT3RS or even GT3, not from MSRP to now but rather from 2016 values to now. They depreciated as much as every other regular Porsche.
I personally dislike ADMs of course but you need to look at total cost of ownership. Market value now and down the road is an important factor.
On one hand, wouldn’t you gladly pay five times MSRP for a McLaren F1?
On the other, most cars that experienced big ADMs have normal to extreme depreciation curves. Look at 991 GT3RS or even GT3, not from MSRP to now but rather from 2016 values to now. They depreciated as much as every other regular Porsche.
04-05-2018 | 05:33 PM
#320
Pro
Joined: Jul 2013
Posts: 539
Likes: 57
From: S.F. Bay Area
One of my best car buying experiences was paying 100k over for a 599 back in the day and calling the dealer six months later only to get every cent back within an hour.
I personally dislike ADMs of course but you need to look at total cost of ownership. Market value now and down the road is an important factor.
On one hand, wouldn’t you gladly pay five times MSRP for a McLaren F1?
On the other, most cars that experienced big ADMs have normal to extreme depreciation curves. Look at 991 GT3RS or even GT3, not from MSRP to now but rather from 2016 values to now. They depreciated as much as every other regular Porsche.
I personally dislike ADMs of course but you need to look at total cost of ownership. Market value now and down the road is an important factor.
On one hand, wouldn’t you gladly pay five times MSRP for a McLaren F1?
On the other, most cars that experienced big ADMs have normal to extreme depreciation curves. Look at 991 GT3RS or even GT3, not from MSRP to now but rather from 2016 values to now. They depreciated as much as every other regular Porsche.
04-06-2018 | 12:16 AM
#322
Race Director
Joined: May 2013
Posts: 10,234
Likes: 1,977
From: Hypercar Invitational
Originally Posted by Jimmy-D
You always get screwed on paying ADM - it is lost money.
04-06-2018 | 04:14 AM
#323
Rennlist Member
Joined: Mar 2014
Posts: 11,298
Likes: 1,496
From: Midwest
Hey- I am not against paying ADM because every one values things differently. Is this car worth a small ADM?? Sure is- especially the Manual 
. But- your Dealer is not buying it back w/ ADM
. But- your Dealer is not buying it back w/ ADM
04-06-2018 | 08:39 AM
#325
Rennlist Member
Joined: Jan 2016
Posts: 1,586
Likes: 201
I have purchased 3 ADM cars, 2 GT Porsche's and 1 Mercedes SL 55 and sold all 3 over MSRP. While many may not like the ADM concept it is market driven. Anyone that got a car at MSRP in the early and even later launch stages got a pop on their resale as they will be competing with ADM cars. At least for 2018 ADM has pushed the value of the GT cars up.
04-06-2018 | 12:34 PM
#326
Instructor
Joined: Feb 2018
Posts: 148
Likes: 10
ADMs have been around forever and will likely to be around long after we are too old to drive. Its called free enterprise . If the market on a given car demands an ADM don't complain just do your best to negotiate the lowest number. Based on my experience over the past few months being in the market for a GT3 991.2, if you are willing to shop anywhere in the US and you are somewhat flexible with the color/options it is not difficult to find a brand new GT3 for 15-20K over sticker. Manuals do seem to be a bit more expensive and seem to be in the 20-25K. I did manage to find my dream car last month. Its a beautiful black GT3 manual with essentially every option I was looking for for 20K over sticker. Needless to say I had refundable deposits on 4 other cars which gave me a bit more confidence during my negotiation for the black one.
04-06-2018 | 01:12 PM
#327
Rennlist Member
Joined: Oct 2014
Posts: 3,257
Likes: 464
Nope, it's very much the opposite of it. It's government regulation which enables rentiers to be extract rent. Without the forced intermediation of dealers there wouldn't be ADM, by definition.
04-06-2018 | 02:35 PM
#328
Instructor
Joined: Feb 2018
Posts: 148
Likes: 10
It's quite simply supply and demand driven. More people want a GT3 than are available, so price goes up. If Porsche produced 3X more units, there would be no ADM. It has nothing to do with government regulation. Seems like you are over thinking this a bit.
04-06-2018 | 03:00 PM
#329
Burning Brakes
Joined: Nov 2007
Posts: 1,171
Likes: 55
From: Austin
Last edited by mcsmcs1; 04-06-2018 at 03:26 PM.