Compensation
#391
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I suppose one of the aspects of this that Porsche is still grappling with is how to limit owners who receive cash compensation from then immediately flipping the car. I think this is a fair concern on their part, given that some of the figures being tossed around here amount to more than depreciation + typical financing costs (not to mention the speculation that you can still sell cars above MSRP once stop is lifted).
#392
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Respectfully I disagree because I subscribe to the theory that comp should go "above and beyond" in this case. If somehow they comped you exactly your financing, depreciation and tax cost, then by all means sell the car the next day.
#393
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I think it's our RIGHT to be able to do that at this point truth be told. At least those of us who are in the "car is at the dealer and paid for and I can't use it" category. I had a decent amount of patience short of a little hiss here and there, but now I'm losing it incredibly quickly as the weather gets better and I don't have my damn car...yet I'm trapped to it for the most part because my money is already in. I NEED porsche to give an accurate timeframe so I can make an executive decision about this car situation.
Get a Cayman, BoxS or M4, drive the snot out of it, regroup in the fall. Life's too short to continue this.
#394
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
They'll do right by us, but they're not giving handouts for mental anguish.
Last edited by Bluehinder; 03-27-2014 at 12:32 PM. Reason: spelling
#395
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
From RT in response to my question as to whether HT3 engines are hand built.
The 991 GT3 a part hand built on the normal 991 engine assembly line. The days of "one man one engine" are something of the past...
The engine runs on the line through the different work stations - the line from start to the finish is about 200m long. At the end every engine ist tested.
Last tuesday on the factory tour I have seen about about 150 991 engines with the silver oil cooler in a corner of the engine building - I don´t know, if these were new spec or the old version.
But as I wrote last week - the GT3 engine is again on the production line...
The 918 engine is a different story - here: one man - one engine. Out of my memory of the factory-tour last week, they told us, that it takes about 20 hours to built one 918 engine.
BlueflameSmiley
The 991 GT3 a part hand built on the normal 991 engine assembly line. The days of "one man one engine" are something of the past...
The engine runs on the line through the different work stations - the line from start to the finish is about 200m long. At the end every engine ist tested.
Last tuesday on the factory tour I have seen about about 150 991 engines with the silver oil cooler in a corner of the engine building - I don´t know, if these were new spec or the old version.
But as I wrote last week - the GT3 engine is again on the production line...
The 918 engine is a different story - here: one man - one engine. Out of my memory of the factory-tour last week, they told us, that it takes about 20 hours to built one 918 engine.
BlueflameSmiley
#396
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
^
Fair, but my point is it's impossible to exactly calculate your loss since the warrant remedies, if any, will impact residuals, which impact your loss. So it's circular and the right way to do it is to approximate upwards, not downwards.
Fair, but my point is it's impossible to exactly calculate your loss since the warrant remedies, if any, will impact residuals, which impact your loss. So it's circular and the right way to do it is to approximate upwards, not downwards.
#397
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Just give your car back to the dealer for a refund. You'll still be compensated for your loss. Then buy something else and enjoy the summer. I agree with you, this has gone on too long. The communication from PAG has just been for ****. No excuses in my mind.
Get a Cayman, BoxS or M4, drive the snot out of it, regroup in the fall. Life's too short to continue this.
Get a Cayman, BoxS or M4, drive the snot out of it, regroup in the fall. Life's too short to continue this.
#398
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
L = A + B
where:
A = interest on $MSRP for the duration you were unable to drive the car
B = (MSRP) - (depreciation for miles driven) - (the price at which you or the dealer can sell the car right now)
If B = 0 (or negative, as in people are willing to buy the car from you/dealer at a premium from MSRP), then L = A.
Compensation will be in the L ballpark.
#399
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I just don't see how they can go above and beyond if the "exact" compensation for all this mess would be near the 30k marker (especially for cars sadly like mine that are high MSRP and won't have the same appeal as a 145-150k gt3 as they did when they were first out)...which there is NO way they are going to do...I mean the reports around here that some of the reps have said the fact that if one took a loaner (and for some of us those are v6 cayennes and Panameras, so not even "sports cars"), it will effect the comp package...that shows me they are definitely counting beans vs being overly nice. Which truth be told is "fine", but don't expect me to keep the thing for that reason alone.
#400
Race Director
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I doubt it too, Alex, unless this thing drags out for 6 months which is what the person suggesting $30K was referring too. It's also why I don't believe this will last 6 months. BTW, I was offered no loaner that was even remotely close to the car that I've paid for and can't drive.
#401
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Your loss:
L = A + B
where:
A = interest on $MSRP for the duration you were unable to drive the car
B = (MSRP) - (depreciation for miles driven) - (the price at which you or the dealer can sell the car right now)
If B = 0 (or negative, as in people are willing to buy the car from you/dealer at a premium from MSRP), then L = A.
Compensation will be in the L ballpark.
L = A + B
where:
A = interest on $MSRP for the duration you were unable to drive the car
B = (MSRP) - (depreciation for miles driven) - (the price at which you or the dealer can sell the car right now)
If B = 0 (or negative, as in people are willing to buy the car from you/dealer at a premium from MSRP), then L = A.
Compensation will be in the L ballpark.
#402
Race Director
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
From RT in response to my question as to whether HT3 engines are hand built.
The 991 GT3 a part hand built on the normal 991 engine assembly line. The days of "one man one engine" are something of the past...
The engine runs on the line through the different work stations - the line from start to the finish is about 200m long. At the end every engine ist tested.
Last tuesday on the factory tour I have seen about about 150 991 engines with the silver oil cooler in a corner of the engine building - I don´t know, if these were new spec or the old version.
But as I wrote last week - the GT3 engine is again on the production line...
The 918 engine is a different story - here: one man - one engine. Out of my memory of the factory-tour last week, they told us, that it takes about 20 hours to built one 918 engine.
BlueflameSmiley
The 991 GT3 a part hand built on the normal 991 engine assembly line. The days of "one man one engine" are something of the past...
The engine runs on the line through the different work stations - the line from start to the finish is about 200m long. At the end every engine ist tested.
Last tuesday on the factory tour I have seen about about 150 991 engines with the silver oil cooler in a corner of the engine building - I don´t know, if these were new spec or the old version.
But as I wrote last week - the GT3 engine is again on the production line...
The 918 engine is a different story - here: one man - one engine. Out of my memory of the factory-tour last week, they told us, that it takes about 20 hours to built one 918 engine.
BlueflameSmiley
#403
Race Director
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Your loss:
L = A + B
where:
A = interest on $MSRP for the duration you were unable to drive the car
B = (MSRP) - (depreciation for miles driven) - (the price at which you or the dealer can sell the car right now)
If B = 0 (or negative, as in people are willing to buy the car from you/dealer at a premium from MSRP), then L = A.
Compensation will be in the L ballpark.
L = A + B
where:
A = interest on $MSRP for the duration you were unable to drive the car
B = (MSRP) - (depreciation for miles driven) - (the price at which you or the dealer can sell the car right now)
If B = 0 (or negative, as in people are willing to buy the car from you/dealer at a premium from MSRP), then L = A.
Compensation will be in the L ballpark.
#404
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
What's to prevent Porsche from offering the replacement engine only, or return the vehicle for a full refund of the purchase price? The cars that are returned, are then repaired and then re-sold as used, with repairs disclosed?
#405
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
You've included no factor for loss of use. I pay you for a product that you've advertised is designed for a specific purpose then you tell me it's not safe to use it for that purpose. I think it's fair to expect more than just compensation for the lost opportunity cost of the money even if you paid cash for the car. There's also the issue of people who are paying on loans, leases, insurance, and fees. The equation is much more complicated than what you've shown. IMHO.