When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
I was a bit mistaken on the car for $215K. This car is on "1000 HP for Sale" on Facebook, is supposedly a 3 second 60-130 car, and obviously has way more $ invested.
Wow.
The $193k car sold was not even an S. With standard wheels. Nothing really special. Seems overpriced by $60k. Something really odd about that sale.
I was at the Porsche dealer yesterday for an inspection and I spoke to the sales manager while waiting to inquire about a new 911 GTS since the value of my 997.2 Turbo is about what it would cost to buy a new GTS. He informed me that the wait is one to two years for a ordered car which is way to long of a wait for me. Thinking about getting on the list in case I still would like one in two years but that is a stretch and I would not give up my turbo in the meantime....Strange times indeed.
I was at the Porsche dealer yesterday for an inspection and I spoke to the sales manager while waiting to inquire about a new 911 GTS since the value of my 997.2 Turbo is about what it would cost to buy a new GTS. He informed me that the wait is one to two years for a ordered car which is way to long of a wait for me. Thinking about getting on the list in case I still would like one in two years but that is a stretch and I would not give up my turbo in the meantime....Strange times indeed.
I am a broken record here but one of the biggest "things" with people is how they think and the lack of logic on decisions to purchase any good or service (houses, cars, food, booze, etc).
Most serious buyers of these cars HAVE THEIR THINKING UP and know if they want to buy they need to pay. No logic, that is just the price.
With this stated the crazy train on Prices for 991's (especially .2's) are not going down anytime soon and may never come down. $100K used to be a boat load of $ for a car. It no longer is and I wonder when car companies like Porsche start raising their MSRP's by 20-30%. When this happens the prices on all used Porsche's will go up even higher.
Its a matter of time until prices on .1's go bonkers too.
Money is meaningless in today's age, it comes out of thin air. When I was in my early teens to start of college I used to have to scrape change and find random tasks to make a buck... Now any cunning 14 year old can make hundreds of dollars if not, thousands on the internet using their phones/computers. I was born 10 years too early.
I don't know what the state of the market is right now as I've stopped looking... But a year ago a lease on a brand new Cayenne Turbo was $4300-4400 per month with a 5 figure down payment and 10k miles a year... Why is that? Business write offs. Dealerships are aware of the trick, prices go up.. Mercedes G wagon, same thing if not worse.. Lambo Urus.. You name it. BMW doesn't make driving machines, they make lease machines. Most exotic car owners don't own their cars outright, they lease using Putnam/Premier or some sort of balloon financing.
These crazy prices are coming from within the banks/lenders. Cash is easily accessible. You don't need schooling for information anymore, it's free online and youtube. The trick is to borrow, borrow, borrow, stretch, cover payments, write off, and hold your breath.
IMO everything else is hocus pocus on inflation. Banks have been political, now big business is political, small business is political, and even ordinary citizens are. "Ohh yeah um because of the corona virus we're going to make drastic cost cutting decisions and raise prices because blah blah blah". That type of statement cascades all the way down from the top. News headlines used to sway stock prices, now they sway toilet paper and bottled water prices.
I own a small restaurant, been in the business since I was in diapers. My first 5 years I never raised my prices a single penny... Since 2020 I've raised my prices for the 4th time as of two weeks ago. In 2 years cost of goods on items have increased anywhere from 15%-500%. No word of a lie. I just got a phone call today from my sales rep at the distribution center and he told me prices are all going up 15% AGAIN... I just raised my prices and he told me to raise them again... That's been their line "raise your prices" whereas a few years ago I was the one calling and threatening to move on and they were the ones lowering their prices.. All a game, but it's accepted on a large scale.
Money is meaningless in today's age, it comes out of thin air. When I was in my early teens to start of college I used to have to scrape change and find random tasks to make a buck... Now any cunning 14 year old can make hundreds of dollars if not, thousands on the internet using their phones/computers. I was born 10 years too early.
I don't know what the state of the market is right now as I've stopped looking... But a year ago a lease on a brand new Cayenne Turbo was $4300-4400 per month with a 5 figure down payment and 10k miles a year... Why is that? Business write offs. Dealerships are aware of the trick, prices go up.. Mercedes G wagon, same thing if not worse.. Lambo Urus.. You name it. BMW doesn't make driving machines, they make lease machines. Most exotic car owners don't own their cars outright, they lease using Putnam/Premier or some sort of balloon financing.
These crazy prices are coming from within the banks/lenders. Cash is easily accessible. You don't need schooling for information anymore, it's free online and youtube. The trick is to borrow, borrow, borrow, stretch, cover payments, write off, and hold your breath.
IMO everything else is hocus pocus on inflation. Banks have been political, now big business is political, small business is political, and even ordinary citizens are. "Ohh yeah um because of the corona virus we're going to make drastic cost cutting decisions and raise prices because blah blah blah". That type of statement cascades all the way down from the top. News headlines used to sway stock prices, now they sway toilet paper and bottled water prices.
I own a small restaurant, been in the business since I was in diapers. My first 5 years I never raised my prices a single penny... Since 2020 I've raised my prices for the 4th time as of two weeks ago. In 2 years cost of goods on items have increased anywhere from 15%-500%. No word of a lie. I just got a phone call today from my sales rep at the distribution center and he told me prices are all going up 15% AGAIN... I just raised my prices and he told me to raise them again... That's been their line "raise your prices" whereas a few years ago I was the one calling and threatening to move on and they were the ones lowering their prices.. All a game, but it's accepted on a large scale.
CLIFFS: People are dumb, humans suck.
Great post!
I agree on the "people suck" comment... Little bit of time doing what I do, and most would agree.
Prices do seem crazy. I feel fortunate to have bought my car in 2020 before prices took off. Could have cost me an additional $20-30K.
Same boat. May 2020 purchase. Even knowing now what I do about this platform and how it exceeded my expectations (this is my 1st Porsche), I would not buy any 991.2 TTS today - not even my own car. I couldn't stomach the market premium, not even on a lease. Unless and until things return to normal (i.e. new cars selling below MSRP, etc), I'm out of the car buying/leasing game for personal use.
I'll echo that yet again. No way in heck I could spring for a 991.2 TT/TTS in this market. I stretched myself to buy when I did (Sept. 2020) vs. having to settle for a .1
Most definitely $25-35k more now.
I do not see the market returning to anything resembling "Normal" for a LONG time. If Ever. There will be SO many people underwater with what they paid / owe on these (and every other brand).
No doubt the 991 Turbos have gotten pricey, and those that bought a year or two ago are happy campers... But the upward price shift on our Turbos isn't nearly as much as many other cars that we might have considered.
eg: 991 GT3's have gone through the roof, making 991 Turbos seem like a bargain in comparison.
02-08-2022 | 01:17 PM
