Need some advices on Touring value
#31
Rennlist Member
So putting that aside for a second, are there Touring's selling for $15k or more over MSRP. I would suspect yes. Are there end-users (not dealers) buying them right at MSRP or even slightly less? Yes to that as well. It's just function of a limited number of cars, though also a limited number of willing and able buyers that feel the options on any particular car have value to them (so quite a bit of dispersion of outcomes even within the limited comp set of Tourings). The less particular you are to any option, the better "deal" you will likely think you can find.
My basic rule for negotiating a car (or any other asset that I expect to have future value greater than tax-write-off donation value) is determine my point of indifference. Based on your knowledge of how many cars with specs to what you would want you think could be available, the amount of time you're willing to wait, your concern over future resale (assume it's going to significantly decline), come up with the price at where you'd be "jealous" if someone else purchased it for that price instead. Then make an offer below that level, and do your best to negotiate the purchase at or below that set price of indifference. It may take bidding on several cars before you get the car you want at a price you think is justifiable, and that's ok....you'll have no regrets if you follow that method, and probably feel pretty proud if you're able to buy it "cheap" to your point of indifference.
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RockyTopTenn (03-28-2020)
#32
In Houston, in January, I was offered at PTS touring GT3 at sticker - nardo gray. Had maybe 1500 miles or something and a bunch of CXX options (and a big sticker). At that time, 991.2 RS cars were listed for at least 10 percent off sticker (and selling for less). CJ likely has the best sense of what he's being offered cars for and what is selling. My sense in Houston (where oil prices are way down), is that would be a strong price for a GT3.
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Perimeter (03-29-2020)
#34
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RockyTopTenn (03-28-2020)
#35
Racer
Realistically, I'd say MSRP at best for those that actually want to move a car as opposed to have one for sale. And actually, that's pretty awesome value retention in this market.
In any event, mine is not for sale. As said above, what would I replace it with? I can't wait to get it out of hibernation in a couple weeks and practice some social distancing!
In any event, mine is not for sale. As said above, what would I replace it with? I can't wait to get it out of hibernation in a couple weeks and practice some social distancing!
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#36
We’re just at the beginning of the pricing effects of this crisis. It’s only been a couple of weeks, so everybody can still hold onto their fantasies about their cars retaining their value. And you can still see that in the market. But as the reality of this settles in, with a greatly reduced number of buyers for luxury cars, the sellers will realize if they want to move automobiles they will have to reduce prices. As pressure to keep the lights on becomes more acute, prices will drop, potentially fast and potentially by a lot. If you want to buy and you care about price, wait a month or two.
#37
Rennlist Member
This is easy. Buy the car and drive it. Know though that the 991.2 Touring will drop like a rock when the 992 GT3 Touring comes out. I have a 992 Base Carerra for a daily driver and plan to get a 992 GT3 Touring to replace it when they come out. 991.2 looks old now compared to the 992. I just wish they would offer back seats in the GT3 Touring.
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#39
In Houston, in January, I was offered at PTS touring GT3 at sticker - nardo gray. Had maybe 1500 miles or something and a bunch of CXX options (and a big sticker). At that time, 991.2 RS cars were listed for at least 10 percent off sticker (and selling for less). CJ likely has the best sense of what he's being offered cars for and what is selling. My sense in Houston (where oil prices are way down), is that would be a strong price for a GT3.
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#40
I ended up buying the Nardo car with a ADM(had zero relationship with dealer) and don't regret it whatsoever.. I knew I wanted a Touring and looked at all the ones that came avail. whether below MSRP, at MSRP or over MSRP and and none of them checked the boxes quite like this one. It was a 2019 with sub 1,000 miles, PTS, XPEL, 911R LWB seat inserts, CPO and already had the exhaust system i was going to install on any which one I ended up purchasing. I did my homework and I am proud to be the new owner.
Don’t look back!
#41
Sounds like you found the right one for you. For me, I'd been on the hunt for an 911R, so I wasn't planning on keeping the car long - so that figured into my decision (and the RS pricing seemed better). My general point was the market was soft in January in Houston on 200k cars (softer when I sold my RS back in February). And even worse today - whatever the car. And for what it's worth, Chewy, I've bought a bunch of cars from PNH, so I had a relationship.
#42
Sounds like you found the right one for you. For me, I'd been on the hunt for an 911R, so I wasn't planning on keeping the car long - so that figured into my decision (and the RS pricing seemed better). My general point was the market was soft in January in Houston on 200k cars (softer when I sold my RS back in February). And even worse today - whatever the car. And for what it's worth, Chewy, I've bought a bunch of cars from PNH, so I had a relationship.
#44
Just saw an article today in the washington post about many companies asking exec level to take pay cuts and maybe even no pay in some cases. White collared jobs getting furloughed and some getting laid off already.
I wish I had more data on how people handle finances but my perception is that most people finance big houses, fancy cars, have big CC bills etc. (I could be wrong - maybe one of you guys with the pulse on that data can speak up)
Also the stock market is in bad shape.
People will hunker down. There will be deals on cars.
If I owned a touring outright I would keep it for the long term - add miles and enjoy. There aren't any cars coming out from any manufacturer that scratch the same itch. We shall see how the 992 GT3 touring is - I'm sure it will be "better" Porsche are masters at that game. But it will be more complex and fancier like every other generation change.
We will see. I hope I'm wrong. I would love things to return to normal asap since I have a 718 GT4 arriving around the late May time frame.
I wish I had more data on how people handle finances but my perception is that most people finance big houses, fancy cars, have big CC bills etc. (I could be wrong - maybe one of you guys with the pulse on that data can speak up)
Also the stock market is in bad shape.
People will hunker down. There will be deals on cars.
If I owned a touring outright I would keep it for the long term - add miles and enjoy. There aren't any cars coming out from any manufacturer that scratch the same itch. We shall see how the 992 GT3 touring is - I'm sure it will be "better" Porsche are masters at that game. But it will be more complex and fancier like every other generation change.
We will see. I hope I'm wrong. I would love things to return to normal asap since I have a 718 GT4 arriving around the late May time frame.
#45
Rennlist Member
Bingo. I know a handful of Touring owners. We didn't lease them...
Last edited by RockyTopTenn; 03-28-2020 at 11:43 PM.
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