dark knight

first crack down on the "customers" who are often in cahoots with the dealer, then go after dealer. I believe they are increasing supply so the dealer will be able to make more money via volume and service, remember to PCNA the dealer is their customer, not you. Increasing volume increases units sold and increases service dept revenues

Archimedes

But what do you do when PCNA steps in and forces a dealer to sell a new special car to a known flipper against said dealer's wishes, just because the flipper is a friend of Porsche and swears they won't flip this time (then does)?

RennOracle

Eduardo, if he is making enough to buy a second hand 997 turbo, after expenses, I would be surprised, you really stepped out of your circle of knowledge on this one.

Guy money doesn't come from Youtube, at all, this is something he wanted, the money already was there, I recall his first videos with the Pagani, how could he have bought a Pagani with a 0 subscriber channel?

Now on the cars, he is fairly smart, he buys/finances/leases a bunch of cars puts a couple of thousand on them and trades them/sells them and ends up losing or even breaking even while he gets to experience a LOT of cars, like most of us dream or want to do.

Just to recall his Porsches, 4.0 RS, 991 RS, 2 918, R, Carrera GT, this in what? 2 years? Plus dozens of other cars.
He keeps his cash flow fluid, gets to experience the cars, doesn't get beat by depreciation a lot, while rarely paying fully for any car. So he is smart and he doesn't have any sponsorships fronting him money.

On the 918, I don't remember why he sold it, but no way he would have stuck around with it 3 years just waiting for depreciation to hit and maintenance expenses stacking up, money that could be used to get a nice car or two.

By the time his program ends, he already has a decent repertoire with Porsche, so it won't make that big of a difference when trying to get one, might be left hanging for a couple but not for all.

As for the mention of the 918 with the Weissach pack and the Carrera GT he mentioned it, so people don't take him as a flipper, even if the turnaround of his cars are 3 to 6 months, he gets them because he wants to enjoy the car, if he makes money, the better. But it's easy to see that cars aren't all about profit for the guy, given a number of Rolls that he had and AMG's. There is nothing that depreciates more than AMG's and Rolls (Bentleys maybe).


P.S. Just to reinforce, Youtube can make some nice pocket change, but not hypercar money, not until the Millions of subscribers and very sharp business mind.

mass27

Deleted

RennOracle

Not sure I understand what are you mad at!?
Why wouldn't he have preferential treatment (meaning getting an allocation)? The guy spent more in 2 years on Porsches than most Porsche owners will spend their entire lives. Why would he get it?

And he is smart enough to at least maintain whatever he either made or was handed to him. How many people actually were dumb enough to have multiple cars that they bought all cash and left hanging with the depreciation?
He is as financial smart as anyone with a car problem can be.

Where is the wrong in this?

I'm really struggling to follow, mainly that "His lack of depreciation has NOTHING to do with his brains. It has EVERYTHING to do with him having money, to begin with"

He isn't a broker. For example, when he sold his 918 he then bought a 918 with weissach package, during the times they were more expensive than they are now, before he had a 4.0, bought overpriced, same with the CGT, he has his R, the only Porsche I think he made a bit of coin was with the RS, while they were over appreciated.

How is he everything wrong with the sports car market?

Plus it's dumb to tie up cash in liabilities if it's not a dumb move and if you are a car nut, with a lot of cash around, sometimes people get dumb and get into spending sprees, that more times than not, will end up in filing bankruptcy and just burning money.

Vetsky

I say good luck to you man! Let us know how it works out.

usctrojanGT3

I think PCNA should first start cracking down on the low hanging fruit....dealers who buy other dealer GT allocations for over MSRP. Then look at the dealers who have new GT cars sitting in inventory beyond a few weeks as those are most likely dealer spec'ed GT cars trying to be sold at big mark-ups. PCNA should reduce the number of future GT allocations for that kind of bad behavior. That would quickly get the dealers in line with the program. These 2 are the most upsetting things that go on with some dealers. I'm fine if dealers want to try to sell for over MSRP to out-of-towners if they have taken care of their good customers.

STG

Z356

You did not comprehend what
I wrote. And I, and perhaps
many others, can't make out
what you are saying in your
rather convoluted, rambling
& imprecise post. So we are
even!

Whoopsy

To expand on that, yes there is no official 918 VIP program in Canada.

But Porsche Canada do honour the first right of refusal PCNA are giving to their 918 VIPs.

Existing 918 customers will get the courtesy, but if one sold their 918, the offer will be gone. There is no 3 year/10 year period. There was only 30 918s sold in Canada, and only 20 something customers (some bought multiple). As time goes by, there are not much more than 10 'original' owners left, say roughly 15.

So for any limited cars, if Canada is getting more than 15, the 'public' will also have access to the allocations.

Granted, the dealers will decide which of their customers will get the call outside of their 918 customers. But even if a customer of theirs sold their 918, they would have still bought at least 4 other cars from their dealers during the 918 ownership time and will be a 'very good' customer to the dealer, and hence probably will still get the call anyway.

RealityGT

^Whoopsy FTW! Thanks for the clarity

sccchiii

Well....not sure this will fix a lot but maybe, but I do agree it should severely hurt a store's future GT allocation earn if the the number of days on lot a GT car sits (not RDR'd to a end user) is higher than the average dealer turn rate in this crazy GT demand climate. The only stores holding cars in inventory are the "over MSRP" dealers so it might help keep the MSRP model in place to have them pre-sold before hand (certain stores still will pre-sell at over msrp if they can, especially if they can RDR quickly when it arrives on lot).

However, if a dealer "earned" the allocation to begin with why should they give it up to another dealer for anything less than what they would sell the GT car for in their market? It doesn't really matter if we all agree with that dealers sales model or not, some dealers have customers willing to pay far above MSRP money for a GT car. If a dealer that is sitting on allocation wants to sell it to another store for big money over MSRP then thats on the other dealer and customer, not on the original allocation dealership.....fine by me. As I have stated there is no one solution to problem other than overbuilding these cars and then we will start endless posts about how Porsche screwed up everyones resale value!? I am so tired of value based threads it has me with living with migraines. You will always have loopholes in any system that won't get rid of problem 100%. The only solution I think that would work is a GT lease only situation up front that you technically don't own (PFS/PCNA does) with no early buyout clause for at least 2 years (or more). If you want out early then car is owned by PFS/PCNA and goes back to them and they figure out how the car enters the dealers inventory again. Yes I understand lots of details would be figured out and this is far from current setup but this would fix many (certainly not all) short term flipping issues (the crazies will still try to sub-lease the car out for profit or write contracts committing car at end of required period but by then maybe the next new thing will be announced and "desperate to own" people would have moved on). Also a couple of states are very lease unfriendly for one reason or another so that one obstacle with the lease only option.

RealityGT

^I had this conversation with my dealer.. talk about lease only.. I advised them that as a customer, when I purchase something, it's mine and not (in this case) the dealers. I have no issues with RFR, after purchase for a period of 2-3 years.. but It's mine if I drop the coin for it.

Rennlast

Looks like someones trying to flip a GT2RS at $160k over sticker.

http://jalopnik.com/someone-is-alrea...-rs-1796078673

TRAKCAR

LOL