Hello all, In late September, I purchased a new TTS, and drove it home, and went on a business trip. When I returned, my dealer informed me of a GT3 allocation that I could have if I wanted. Being I sold my 2014 gt3 for reasons beyond my control, I jumped at the opportunity to replace it.
I drove my car back to the dealer, who said they would try to sell it, in an effort to recoup my purchase price. I have a relationship with this dealer, and they are good folks.
Unfortunately I am 3 weeks out from my GT3 arriving, and my car has not yet sold. The dealer said October and November were especially slow.
I asked for a trade in value, and was given a number that represents a 20% loss to me. Normally, I would not balk as I understand their position, but this car has 80 miles on it, I drove it home, and back to the dealer. It still has all the tags in place, as I wasn't home to fuss with it.
They said I would receive the same trade in amount if I drive it until my 3 arrives, or if I just sign it over now. I am afraid to scratch or damage a car that I will turn in in a few weeks, so I just left it sit there. I can't afford both vehicles, but I may be forced to carry them both until I can fix this.
Does it make sense for me to take my 20% hit now, or buy the GT3 outright, and sell the TTS in the spring? If I don't trade it in, I lose a tremendous tax benefit (7% in NJ).
I guess what I am asking is will the spring weather/stronger market offset the loss that I would realize today, and make it worth it to wait? I do have the ability to garage park it, as to not gain any miles, and maintain the new condition till spring, however, the warranty which is 7 weeks old now will keep on burning. By February/March the warranty will be 5 or 6 months used.

Any ideas to help me reduce my loss will be welcome.

Thank you for your thoughts

Rich

 

Too bad it's not a Ferrari, supposedly you can sell them back for what you paid after a year. Of course you are stuck with it for a year so that wouldn't work for you but seriously, what did you expect?

Why lose 20% on a TTS to trade for an over MSRP GT3? It doesn't make sense to me but then I am not a fan of the GT3 either so I am biased but from a money point of view, it's a bigger waste than modding the hell out of your TTS. In that case at least you end up with more HP, sound and looks when you do that, says the guy who has dumped $20k worth of mods into his car.

 

I would forgo the GT3 until the TTS issue is sorted to your satisfaction. The dealer needs some small incentive to help you. If they think you're going to buy the GT3 regardless of the situation with the TTS, they have no incentive at all to push it on people walking through the door.

If the GT3 sells to someone else while you try and sort the TTS, so be it. There's *always* another boat (or GT3), and being able to detach ourselves from cars emotionally when necessary is a skill worth 10's or 100's of thousands of dollars.

That's just one idiot's opinion though. Good luck.

 

May be harder to sell in the Spring 2016, as the 991.2 TT/TTS will be right around the corner.

 

I'd hold the turbo and await GT3.2.....unless you can put your foot on a 4.0 RS.

 

I learned this lesson last year. If you are going to take a hit take it now, for cars winter and spring make little difference. There is some but not enough to overcome the amount of depreciation from now till march/April.

This is exactly why I still have my TTS, the GT3 came and I was so upset by the trade in number I kept it till spring and it was worse then. So now I have both!!

Jeff

 

With all respect, it sounds like OP should chill and enjoy the turbo. We all knew what the immediate hit would be when we bought our cars. We also knew that the GT3 would hold its value in an aftermarket sale. Cannot have regret at these price points. Just enjoy your car and don't fret about scratches. Get a set of winter wheels/tires and drive it a lot until spring. It is an amazing car with supercar performance.

 

All new Porsches depreciate like rocks as soon as they leave the lot. If you really want a gt3, trade it in and absorb the hit, which the sales tax break will lessen.

 

Keep the TTS. Put Tubi catless race exhaust on. Upgrade the intercoolers. Slap a GIAC Stage 2 plus tune on it. And get a set of the GT3's tires -- the MPSC2. You will end up with a car that will have 595 wheel hp on 93 octane (that is 700 crank HP) will embarrass a Gt3 in a straight line and destroy it on a track. Oh and you can use it all 4 seasons and not worry about trashing it on every ramp.

 

And if you want it to have even better track handling characteristics get some lowering springs to drop it like techart. Personally in the New York metropolitan area I would never lower my car due to our poor roads but if track handling is your priority it's an option.

Your Turbo S happens to be beautiful and it's essentially a twin of mine. There is nothing wrong with it mechanically. Unfortunately it is not the dealer's economic problem that you have decided you don't want it. There's nothing wrong with it mechanically. You just seem to have a case of buyer's remorse. The problem is that you drove the car away from the dealer and it has been titled. That alone unfortunately impairs the value a lot.

If your concern is economics you might as will keep the Turbo S and give someone else the GT3. It is an unfortunate situation you find yourself in but it is not one of the dealer's or Porsche's making.

I can assure you every time you step on the gas you won't miss the much much slower and much less practical GT3

 

+1 !!

Drive the TTS for a while and let it's pleasurable driving experience lessen the harsh reality that trading it is giving you.

Who knows, you may find yourself preferring the TTS over the impractical GT3. I know I did... and still do!

 

I agree with keeping the TTS if you don't plan on tracking your GT3.

 

OP, if you don't mind me asking, how much off of MSRP did you get the TTS? I agree with others about keeping the TTS if you are not going to track the GT3.

 

Really? Any info/stats on it?

 

Don't take the GT3 nor the loss! Modify your TTS and you'll smoke a GT3 and still have the Turbo street-ability.