Have to keep the car for 2 years? Why that is terrible. How about all the Porsche guys who love these cars but as I read. Have to sell because the wife just had a baby, no more room in the garage, not driving it enough and want to sell it to someone who is going to drive the car. etc... etc.. Still selling for way over MSRP.
What are all those poor guys going to do?

 

It's probably a standard thing, like 5-year double declining balance (which depreciates an asset by roughly 2/3 in 2 years)

 

Kind of what I think they have in mind. Also what's with the lien? Screw that.

At least they aren't pursuing the FGT and LFA approaches.

 

A 570LT would be interesting. I haven't heard anything about it.

The cars are sold at MSRP. Ferrari sells at MSRP, but keeps really close tabs on its owners, and it seems to work.

Nope. I forgot to mention that they also wanted a $5k deposit.

About a month ago, then got this new agreement. I'm pretty sure he'd keep the car, it would be his first Porsche and he tracks with us from time to time. Given his lack of Porsche ownership, I think it would be better to just make him a very low priority.

I doubt it. I know about a dozen people who've owned a McLaren, and only one kept his car. Each owner has had their car in service for extended periods of time.

Exactly. All of these items were conveniently not addressed. After trade-in at some depreciated amount, does this mean that the dealership would turn around and still sell it for $100k over MSRP as they do now?

 

Well, if your friend doesn't like the terms imposed by the dealership, wouldn't it be easier for him to go visit another one?

 

Porsche needs to open more tons of own stores like Tesla in US. Dealership is an outdated model (makes no sense to have a middle man in today's connected world) Wow, you Canadians have your own official Porsche store where one can buy cars.

 

I would happily give the dealership a year or two of first right of refusal to buy it--at MSRP. If the dealer declined MSRP, then it's not a situation where people are flipping, so the flipping protection argument is invalid.

If it was just that it would be a complete non-issue--I would want the car to enjoy. If for some reason I didn't like it, or had to sell it for financial reasons or whatever--then back to the dealer.

I'd be happy if the dealers worked out something like this--I think CJ was talking a bit about this. Figure out a way to get cars in the hands of those who enjoy them and eliminate the flippers. People who (intentionally) flip are scum, nothing more than parasites. Porsche doesn't benefit, dealers don't benefit, owners don't benefit.

 

Then you trade it back to them at depreciated value and buy a new RS from them at MSRP. How are you harmed? I'd sign that contract in a NY minute if it'd get me an allocation.

 

Simple, they use the same depreciation schedule when you lease a GT3.

 

Guys, Canada deals directly with the factory not PCNA and that is why they have so many PTS cars...

 

If I'm not mistaken we deal with PCC (Porsche Cars Canada), not directly to the factory. Atleast that's what I was once told.

 

Lol, man your friend is lucky.
Other dealership may as well ask you to trade back the GT3 if you want an RS.

My experience:
Once the sales guy in Porsche North Toronto knows I am not a current Porsche owner, he didn't even bother return my email or giving me any further details.
Yes this is a corporate store, but as long as there is a sales guy in between, same BS goes on and on.

I have a deposit in the largest Canadian Porsche dealership 2 years ago, now I have been asked to buy another Porsche and trade right back in exchange for the GT3 allocation; or sponsor their racing team.

Now I'm thinking of McLaren and Lamborghini too. They are friendly to new customers. You don't have to bend over and beg to spend your money.

 

Toronto Porsche dealers push the GT3 and GT3RS pricing sky high. Most of the RS have been in the lot for over 8 months. I was told by one of the sales guy that they pay $300K for all GT3RS trade in coz it is the MARKET PRICE.
How could you say that with a straight face? LMAO

You set the price, but no one buys the car. How do you call this market price?

 

Interesting to see what these RS's eventually sell for?

 

I'd be totally fine with giving the dealer that sells me a GT cars at MSRP the right to get my car back within 2 years (even by putting a lien on the car). I totally agree with you, that would eliminate flipping.