GT3RS Prices going down
#46
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...
#47
Race Director
#48
Rennlist Member
More 911 GT cars will be coming, so 991.1 RS price can't stay inflated unless it's truly the last of something special. Besides NA, I don't know what that something special could be, and I expect that the 991.2 GT cars will be better in some ways than the 991.1. So I predict that RS price will drop to around MSRP or below at some point.
Today I got a quote for an RS with a 150+ premium. Because of a color. Sorry, I just will never get that. I'll buy one at a better price aNd "paint the mother pink' (in the words of John Mellencamp
Well probably blue of some sort!
Im pretty sure one cares what the original color of a 62 GTO was...
Oh, and no one would want my CGT because ...you guessed it..it's silver
#49
Rennlist Member
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.
#50
My step dad would tell me...if you can't afford to buy a car for cash then you can't afford the car. So that's how I handle buying cars now. That being said, I can always do a low rate 5-year loan cash-out on any of the cars if I need cash for something.
#51
Nordschleife Master
Martin: What's wrong with Lava? I love it!
I agree. Prices coming down. The R, the .2 the info of 60 more RS being produced.
Was REALLY close to pulling the trigger on a 997.1 or a 99.2RS. But now thinking of 991RS prices come down will it squish the 997.1 and .2RS down?
Maybe just wait until April/June and see what happens.
I agree. Prices coming down. The R, the .2 the info of 60 more RS being produced.
Was REALLY close to pulling the trigger on a 997.1 or a 99.2RS. But now thinking of 991RS prices come down will it squish the 997.1 and .2RS down?
Maybe just wait until April/June and see what happens.
#52
Obviously I'm not saying there aren't buyers for the cars just not the straight up average type of lease customer that puts no money down. I agree that easy auto financing is fueling a lot of froth in high end cars. In addition to longer loan terms you also have some people leasing but paying everything up front for the two or three year lease- instead of putting the cash down on a conventional loan. I know a couple of people who have done this.
#53
On a related topic, what's hilarious about the whole bank/finance issue overall is how politics have made it a 'damned if you do/damned if you don't' situation for the banks. They simply can't win. In the late 90s/early 2000s, the banks were getting hammered by activists about relaxing their credit standards and lending to lower income people so that everyone could achieve the 'American Dream' of home ownership. Then it all goes to shiiite and all of the sudden it's the banks that are at fault, not the borrowers. Then the market recovers and when things start to look too frothy, the banks start tightening up their credit policies to avoid meltdown V2 and...the Fed gets on them about harming the economy by tightening credit...
#54
Instructor
RS allocation
Not sure this really affects the downward trend in pricing but I was given an RS allocation at MSRP last week. It seems it was an existing car that either PCNA or PAG was holding in reserve (or someone dropped out??? Speculating) as it is a march build (as I understand it - this of course could chnage). While PAG had to do a "feasibility study" on my build, I was allowed to spec it exactly as I wanted (ex PTS). My dealer (Gaudin) really lobbied for me and made this happen. There are great dealers out there and Gaudin is one. I am a local (some of the year) for Gaudin and buy non GT cars with some frequency all from Gaudin. I know this will be anethma to some but I pay full price on the non GT cars and always give my very lightly used cars back to Gaudin on trade. This is my part of the quid pro quo for Gaudin getting me special cars. They got me all three current GT cars (at MSRP) and I would recommend them to anyone. I know Martin has dealt with them some and has a similar view.
#55
Not sure this really affects the downward trend in pricing but I was given an RS allocation at MSRP last week. It seems it was an existing car that either PCNA or PAG was holding in reserve (or someone dropped out??? Speculating) as it is a march build (as I understand it - this of course could chnage). While PAG had to do a "feasibility study" on my build, I was allowed to spec it exactly as I wanted (ex PTS). My dealer (Gaudin) really lobbied for me and made this happen. There are great dealers out there and Gaudin is one. I am a local (some of the year) for Gaudin and buy non GT cars with some frequency all from Gaudin. I know this will be anethma to some but I pay full price on the non GT cars and always give my very lightly used cars back to Gaudin on trade. This is my part of the quid pro quo for Gaudin getting me special cars. They got me all three current GT cars (at MSRP) and I would recommend them to anyone. I know Martin has dealt with them some and has a similar view.
#59
Not sure this really affects the downward trend in pricing but I was given an RS allocation at MSRP last week. It seems it was an existing car that either PCNA or PAG was holding in reserve (or someone dropped out??? Speculating) as it is a march build (as I understand it - this of course could chnage). While PAG had to do a "feasibility study" on my build, I was allowed to spec it exactly as I wanted (ex PTS). My dealer (Gaudin) really lobbied for me and made this happen. There are great dealers out there and Gaudin is one. I am a local (some of the year) for Gaudin and buy non GT cars with some frequency all from Gaudin. I know this will be anethma to some but I pay full price on the non GT cars and always give my very lightly used cars back to Gaudin on trade. This is my part of the quid pro quo for Gaudin getting me special cars. They got me all three current GT cars (at MSRP) and I would recommend them to anyone. I know Martin has dealt with them some and has a similar view.
#60