Value of GT CARS
03-21-2020 | 06:26 PM
#16
RL Community Team
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03-21-2020 | 07:37 PM
#17
Race Car
Joined: Jun 2018
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From: Somewhere out East
Looking forward to 6-8 weeks from now when things start getting back to normal in stages...and summertime will be near or here...it will be okay. GT car still in hand. Cup 2s getting sticky.
And I refuse to dump cash for a depreciating asset if low rates are available. Tired of the lectures. <Yawn> Now that the market is down and may go down further, I look at it as a tremendous buying opportunity upcoming. There ends my financial talk.
Back to driving.
And I refuse to dump cash for a depreciating asset if low rates are available. Tired of the lectures. <Yawn> Now that the market is down and may go down further, I look at it as a tremendous buying opportunity upcoming. There ends my financial talk.
Back to driving.
03-21-2020 | 08:51 PM
#18
Instructor
Joined: Mar 2016
Posts: 168
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From: Florida
Don’t feel the least bit sorry for the Dealers who extorted large ADMs on GT cars over the last decade. And the 2016 GT4 owners still asking close to purchase price on 4 year old cars.
Right after the ‘08 / ‘09 crisis I bought a brand new Contender CC at 50% of original price. I’ll sit on the sidelines with cash for a new GT4 as the order cancellations mount.
Enjoying my .2 GT3RS on track nights
Right after the ‘08 / ‘09 crisis I bought a brand new Contender CC at 50% of original price. I’ll sit on the sidelines with cash for a new GT4 as the order cancellations mount.
Enjoying my .2 GT3RS on track nights
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03-21-2020 | 10:30 PM
#19
Instructor
Joined: Feb 2010
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From: Oklahoma
Image number 189 shows a cash sale price of $268169.00 and $599 dealer prep. Additionally the buyer paid $5473.49 in sales tax on that amount. No reason to pay tax on an amount higher than actually paid. Two years ago probably ADM.
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03-21-2020 | 11:13 PM
#22
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as much as I like to buy Rolex, patek, gt cars cheap, this is not how I like to see happen.
we still have Porsches, but many many small business owners are dying. I know several ALREADY closed shop, I don't mean closed for social distancing, I mean closed, kaput and done...
this is NOT good
we still have Porsches, but many many small business owners are dying. I know several ALREADY closed shop, I don't mean closed for social distancing, I mean closed, kaput and done...
this is NOT good
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03-21-2020 | 11:17 PM
#23
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If the owner paid an extra 55k with ADM that’s on them. Has nothing to do with depreciation from what the car actually should have cost. The prior pictures show MSRP.
03-22-2020 | 12:15 AM
#24
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Within the last week I’ve had a number of past clients calling me asking if their mortgage lenders are offering payment forbearance. These are people who own retail businesses (some own multiple) and are the same people who used to have disposable income to buy expensive toys. Some of them have short term rentals as well that will likely have vacancy for the foreseeable future. They are all very very nervous right now. Some of them are considering selling their toys as well. None are in any mood to talk about luxury goods or buying anything, even stocks, let alone another toy. In an uncertain market where there are more sellers than buyers, only one thing is certain.
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03-22-2020 | 01:51 AM
#26
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03-22-2020 | 03:39 AM
#27
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From: Where I get the fresh scent of spent Jet Fuel & see Cold Smoke!
Your Porsche hasn’t kept its value. No one is remotely interested in buying a car right now. They are worried about keeping a roof over their heads.
Dealers are trying to liquidate their inventory. Private sellers....get what you can if you need to sell.
This is why you don’t lease or finance depreciating assets. Pay cash and if **** hits the fan like it has, you don’t have monthly payments to worry about.
i hope everyone here comes out intact after the carnage of this stupid virus is done. Peace to all.
Dealers are trying to liquidate their inventory. Private sellers....get what you can if you need to sell.
This is why you don’t lease or finance depreciating assets. Pay cash and if **** hits the fan like it has, you don’t have monthly payments to worry about.
i hope everyone here comes out intact after the carnage of this stupid virus is done. Peace to all.
Somehow, I think we’ll (the world and nation) make it through this.
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03-22-2020 | 09:15 AM
#30
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Hate to break it to you but your Porsches, Rolexes, and to a lesser extent even your guns are also worth 30% less. Don't believe it? Try selling one ... check the results of this mint 161 mile 2019 GT3 RS that just closed on bringatrailer for 177K down from 268K sale price clickme