dark knight

I'd forgo compensation for this event or an event like it, just saying....1 day at nurburgring, 1 at Zuffenhausen and 1 at Leipizig and lets call it even...

mqandil

I understand, but what about if you financed the car yourself. You should be entitled to the same estimated payments everyone else is paying regardless if the money came from someone else bank or your own bank account. I suppose I can have my company issue me a monthly invoice for the payment. My own company paid for the car, so I can draw a lease contract with my own company. Very similar when you borrow money from your own 401K then have to pay it back to yourself (your account) with interest. I wonder if this will work. Mark

dark knight

I believe GT models have a shorter corrosion apparently as they lack some of the undercoating to save weight, I presume very few of us drive this kind of car on salt? thats what my raptor is for

allans

For Buy Back, there should be significant leverage if a Lemon Law suit is threatened. Dealers DO NOT want a car back that they have to disclose a Lemon Law Title. Resale will surely result in a significant price reduction. It will be on the title as long as the car is in use. Allan

Mike in CA

John, back in December I was going off the info on the website. Then I got my booklet and saw the different information. As we've now discussed, the GT3 is limited relative to the other 991 models. (I suspect this is an older post of yours).

Mark, since your booklet is unavailable I've taken the liberty of reproducing the page from the 2014 manual.

SamFromTX

I realize this is going a bit off topic but why is GT3's corrosion warranty 1/3 that of the regular 911? Does corrosion protection add that much weight or is there another reason?

mcsmcs1

As a follow-up to the question of taxation on the cash compensation from Porsche, I posed the question to Ian Moon at PCNA today. He asked the department that will handle the payments and was told that Porsche does NOT submit 1099s to the IRS for these payments.

The check will be disbursed after a settlement agreement and release are signed if past experience is any indication.

0Q991

Thanks for the follow up. So, at the least we now know that whatever compensation we receive will be a net amount.

Mike in CA

Exactly. Someone who is leasing or making payments is reimbursed by Porsche for their financial loss PLUS they are offered $2K per/month for their trouble. OTOH, someone who has handed over the entire price of the car in cash to Porsche receives no compensation for the opportunity cost of THEIR money and is offered the same $2K per month. By any conceivable measurement, how is that fair?

0Q991

It's shocking.

It's either that they did not think it through before making their statement (which I can't imagine...) OR that they are purposefully trying to incite anger.

0Q991

Mike--btw, I think LateBrake911 in Chicago said that his payments were still being deducted, but I could be mistaken. I thought I read that in one of his posts earlier today.

jfr0317

Thanks for asking about this.

silverrules

I agree Mark& Mike. I am not arguing that part of the equation. I think all owners should push to get these payments made by Porsche as long as we are in the No drive mode. I think Leilani did a good job by having Porsche pay her lease payments and you guys need to do the same. I would be on the phone everyday until that happens. What I try to communicate and I didn't do a good job at it was whatever figure they come up with should be universal for everyone . e.g $4K a month and of course other expenses for those who took delivery. Anything above and beyond the compensation figure is fair to ask by owners.

jfr0317

Thanks, Mike and Mark.

Mercel

No Form 1099? If true, you guys are off the hook. The manufacturer can treat this as a cash discount or rebate, neither of which are taxable. However, any amount received will reduce your basis. That's not generally a problem given it's a rare thing to sell a new car for more than what you paid for it.