GT3RS Prices going down
03-09-2016, 02:34 AM
#32
Platinum Dealership
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^ Nice theory, but I just don't think there are many people with that kind of disposable income. That's easily 2X more than the average mortgage in your neck of the woods. Sure there are some with higher, but would argue that is all they can afford, not looking for another 6K payment. But hey, I'm probably not in their demographic anyways, so what do I know.
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
03-09-2016, 03:01 AM
#33
03-09-2016, 09:12 AM
#34
+1 - probably going to sell my RS when it arrives as I don't think I will have time to drive it. Still haven't driven my last purchase which has been in the garage for 8 weeks. If I don't get the right number, it is going into storage for 5+ years.
03-09-2016, 09:25 AM
#35
Drifting
So you refute that people can pay 4-6k a month but CAN pay 200-400k straight up?
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
03-09-2016, 10:10 AM
#36
Race Director
03-09-2016, 10:59 AM
#38
who knows. It seems that we are all certain the .2 GT3 will offer a manual, but the RS is still up in the air as far as I know. I mean they had no reason to offer the .2 gt3 in a manual, they could have left it pdk and still sold every car at or above msrp.
03-09-2016, 11:20 AM
#39
I think people have convinced themselves there will be a GT3 manual in the 991.2 rather than there being anything firm around it. I'm not even sure there will be a 991.2 GT3...
03-09-2016, 12:24 PM
#40
So you refute that people can pay 4-6k a month but CAN pay 200-400k straight up?
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
03-09-2016, 02:58 PM
#42
If the LIBOR is back to 5%, I would definitely have 1 less house and 2 less cars. I'm sure a lot of people are in the same position. Late 1990's and early 2000's, it made sense to pay everything in cash. Now, it make sense to finance everything for me.
03-09-2016, 05:18 PM
#43
It's not just for cars. It's everything you can potentially finance. If the LIBOR is back to 5%, I would definitely have 1 less house and 2 less cars. I'm sure a lot of people are in the same position. Late 1990's and early 2000's, it made sense to pay everything in cash. Now, it make sense to finance everything for me.
did someone say bubble.
When we don't have to pay for it today, we will tomorrow.
Can't wait for interest rates going back up.
03-09-2016, 05:20 PM
#44
Rennlist Member
2009, people left boats parked around here everywhere.
Too expensive to store them and not making payment, left the keys and paperwork in it and left it on the side of the road...
Now a proper $250K fishing boat has a 2 year wait time.. Soon half will be parked road side...
Too expensive to store them and not making payment, left the keys and paperwork in it and left it on the side of the road...
Now a proper $250K fishing boat has a 2 year wait time.. Soon half will be parked road side...
03-09-2016, 05:31 PM
#45
Lending
So you refute that people can pay 4-6k a month but CAN pay 200-400k straight up?
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
The bottom line is that these cars ARE selling and even at msrp they are expensive.
I feel like the true bubble is not in the asset themselves but via the long loan style lenders- these guys are basically offering the ability for enthusiasts to get more car than they should responsibly buy or even a la real estate circa 2007...multiple cars on speculation.
CJ, as a fellow Mazda dealer, as well as Kia & Mitsubishi, look at the loosening of lending in general. The banks have forgotten the lessons they should have learned in 2008!