996FLT6

2 fires bro. Any manufacturer will take notice. U just need one fire- that's it. Mike

Mike in CA

Cash is always better. Re-read what I wrote. I didn't say I would prefer vouchers, or that they would be better than cash. I said only that because I was planning to spend whatever Porsche gives me on OEM sport buckets, that vouchers would work for me although they might not work as well for others. It's a not-so-subtle and important difference.

First time I've ever been told I "have too much latitude" (maybe you really mean that I'm too understanding). Anyway, I try to be fair and call 'em as I see 'em, so I can live with that.

SamFromTX

dark knight

hello people, wake up, vouchers would be great, anyone here understand Im not an accountant but would cash=taxable income
vouchers =promotional, discount not income, tax would decrease your cash value by 50% as for being locked into the car, Im keeping my car, giving away cash devalues my vehicle for having a "replaced motor" , and it affects my resale value, I want Porsche to do something that maintains an emotional connection with my vehicle. If you can use the vouchers for the seats or PDE great, I would like it if you could transfer between family members. My ED got cancelled, I'm started to get excited again, hopefully I can get my car soon. It sounds like Porsche is stepping up to address the problem, Im hoping they'll also give us a few special perks, like maybe we get first allocations of next GT3 as long as we still own this GT3, Ive got other ideas too, lets see what happens

MaxLTV

I'd need to double-check with my accountant, but compensation for diminished value is not taxed as income. It is like selling part of the car. Not sure about loss of use, but if tax code was fair and logical (big "if", especially in California), it would not be income as well (compensation of loss by a party that caused the loss). So I'll prefer cash.

dark knight

you've hit the nail on the head cash=diminished value in the eyes of many, Im just dont want my car devalued

mcsmcs1

Respectfully, you are seriously overthinking this and applying some skewed logic in the process. How Porsche chooses to compensate you has zero correlation with perceived market value. The car will have a definable market value regardless of compensation form, and it will be adversely impacted by this whole engine swap drama, as well as the months which will have gone by, and the imminent arrival of a new model year.

Porsche isn't choosing vouchers over cash for your benefit; they are doing so because the expense to them is a mere fraction of the face value of the voucher.

Put down the kool-aid and sober up.

0Q991

I think a sticking point for many is the possibility of a compensation package whose value helps to negate (at least in PART...) the expected finished value that 2014 cars may suffer in future resale.

The exact figure of that diminished value is very subjective and vague (especially since a situation like this has not happened to a GT3 type car in recent memory), but early adopters--many / most whom have had standing or a long history with Porsche to even be in the position of being allocated 1 of the first 785 units worldwide--are hoping that PAG will take a longer term view toward client relationships with how they approach this issue.

"CAN" they decide to choose black and white and calculable profit and loss? And is it completely within their purview to do so? Absolutely. "WILL" they? That's the real question. I, for one, hope not. Oftentimes, building brand equity and customer loyalty means doing things far above and beyond what "must" be done--it separates companies at the top, specifically in the premium / luxury space.

Soon, we'll have our answers (or some of them, at least!) and we can sound off based on concrete facts. I'm still hoping for the best, preparing for the worst, and looking forward to a resolution...finally.

mcsmcs1

I don't disagree with anything you said, but my point is that whether Porsche chooses cash or voucher will NOT impact the price you will receive at trade in or private sale.

0Q991

Totally agreed!

They will make a value determination for what they want to pay for the 2014 versus other vintages of the 991 GT3.

Bluehinder

I think those who believe that the vouchers can be used to pay for their car are sadly mistaken. I don't think for a second that Porsche would allow people with cars at port who have not paid for their cars to get a discount, while owners with paid cars in the garage have to purchase overpriced Selection merchandise.

The same risk mitigation logic that dictates issuing vouchers instead of cash will apply to the purchase of the car. We all bought it at msrp, and PAG will keep it that way. PAG will make sure that 50 cents on the dollar for the voucher will apply to everybody.

I'm fine with vouchers, and about any dollar amount, and most of what I hear/read here, but if unpaid owners can discount their cars with vouchers while paid current owners have to take merchandise, then I can honestly say that's the end for me with Porsche.

Bluehinder

Of course. Any contrary thinking is delusional.

dark knight

I cant see why anyone would complain about a voucher, if you are a long term customer, the voucher as long as it doesn't expire is as good as cash.

Bluehinder

You think everyone is a long term customer? People track a variety of cars, some may move to Mclaren. Some people have a real loss in the car. Porsche owes them compensation regardless of whether they are long term or short term owners.

Ronan

Will they still take cars back at this stage?