Allocation + ADM?
#1111
the market value of the gt3 is radically different when there are only 100 (or whatever first quarter lands) in the country vs 2 years from now with 2000 plus a wave of gt3rs. If the most they can command is $30-50K now, in 2 years it’s going to be vastly less. And probably msrp. Maybe not, but adm will drop like a rock as supply increases 40x fold.
#1112
#1113
The love for economics to justify a practice of ADM’s is comical at best. Sure is entertaining folks justifying in their minds the practice, does it work well on the wives to justify you literally burning cash in front of the finance manager? Asking for a friend.
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#1115
The bottom line is the dealer will pick who pays ADM, and who will not. Some are ok to pay and get it first, just know the will make a lot of them. Noticed how many new models Porsche is cranking out the writing is on the wall .......VW wants the cash vs the brand. I’m enjoying the show watching you all(:
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chance6 (05-01-2021),
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#1116
You are not helping the point. These are ALL sold at MSRP. Dealers are not allowed to sell higher. Having said that there are great elaborate schemes where as the “gray” dealer gets the brand new Rolex let’s say (just like the self proclaimed “good guy” dealers that get delivery mile units) and yes he is selling them at “market value”. The dealers however sell at MSRP. Anyone that has a very long history with an AD will never ever pay over MSRP.
The love for economics to justify a practice of ADM’s is comical at best. Sure is entertaining folks justifying in their minds the practice, does it work well on the wives to justify you literally burning cash in front of the finance manager? Asking for a friend.
The love for economics to justify a practice of ADM’s is comical at best. Sure is entertaining folks justifying in their minds the practice, does it work well on the wives to justify you literally burning cash in front of the finance manager? Asking for a friend.
#1117
As someone else mentioned, there's also the broker game where the car is sold at msrp to a broker who then resales at a premium and kicks back some of the profit. Then there was that whole scandal with the Ferrari NA CEO taking kickbacks in return for LaFerrari allocations.
All that is to say that you're still playing the game with Ferrari, just that it has different parameters. You still have first time buyers who can get the desirable cars without a buying history or joining the list 3 years in advance. Probably not the average scenario though.
Last edited by G.Irish; 05-01-2021 at 03:42 PM.
#1118
101% I understand that I don't have the allocation yet given the Touring hasn't been announced yet and that's what we are waiting on for the allocation. Maybe I'm an exception, but I have a 100% confirmed GT3T build slot at MSRP. The VIP or $50K ADM I think is is a myth, but hey, if I lose my guaranteed MSRP spot then I might believe you then. I will be sure to update when I get my allocation (or don't).
#1119
[QUOTE=G.Irish;17403299]
the Lusso thing is an overblown myth. While there were examples of Lusso being required, this was rare.
I got my Pista- no Lusso requirement. Paid msrp. No games. Yes, difficult car to get an allocation for but the buying experience could not have been better.
. As referenced by me earlier, how many people who bought a Ferrari 488 GTB or 488 Pista for example in the past 4 years brand new from a dealer paid over MSRP. None I would say./QUOTE]
The trick is that the dealer decides who they will and won't sell a Pista to based on prior business. Some will get you that Pista, but only if you buy something else that they're trying to move like a GTC4 Lusso.
As someone else mentioned, there's also the broker game where the car is sold at msrp to a broker who then resales at a premium and kicks back some of the profit. Then there was that whole scandal with the Ferrari NA CEO taking kickbacks in return for LaFerrari allocations.
All that is to say that you're still playing the game with Ferrari, just that it has different parameters. You still have first time buyers who can get the desirable cars without a buying history or joining the list 3 years in advance. Probably not the average scenario though.
The trick is that the dealer decides who they will and won't sell a Pista to based on prior business. Some will get you that Pista, but only if you buy something else that they're trying to move like a GTC4 Lusso.
As someone else mentioned, there's also the broker game where the car is sold at msrp to a broker who then resales at a premium and kicks back some of the profit. Then there was that whole scandal with the Ferrari NA CEO taking kickbacks in return for LaFerrari allocations.
All that is to say that you're still playing the game with Ferrari, just that it has different parameters. You still have first time buyers who can get the desirable cars without a buying history or joining the list 3 years in advance. Probably not the average scenario though.
I got my Pista- no Lusso requirement. Paid msrp. No games. Yes, difficult car to get an allocation for but the buying experience could not have been better.
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azzurri (05-02-2021)
#1120
Thanks again for your very kind response.
Here's the bottom line. You are the poster boy of who the dealers love. You are basically marketing for them and publicly approving of this and playing into their hand, only making it more justified. Nothing personal, trust me my friend. Just surprising how many people are just willing to go along with a practice that has effectively not been in force for decades with the brand, only to surface within the last few years of GT car production with Porsche dealers in the US. Having an understanding of "free market" and all that discussion that some like to go back to is fine. However, let's remember that GT3 cars are NOT THAT RARE. As referenced by me earlier, how many people who bought a Ferrari 488 GTB or 488 Pista for example in the past 4 years brand new from a dealer paid over MSRP. None I would say. It is not allowed and not practiced, regardless of desirability (obviously more for the latter car) or relative rarity. Fewer Pistas than GT3s, no? Just because many on here like making money and free market economy doesn't change the fact that the ADM concept is a d___ move no matter how you want to dress it up, in either some formality of an economic principle that you want to academically try to instruct about or say that the value is simply being the first guy at your dealership to get a car. The first guy who gets a car gets the same car as the last guy who gets a car. The car is the car.
Here's the bottom line. You are the poster boy of who the dealers love. You are basically marketing for them and publicly approving of this and playing into their hand, only making it more justified. Nothing personal, trust me my friend. Just surprising how many people are just willing to go along with a practice that has effectively not been in force for decades with the brand, only to surface within the last few years of GT car production with Porsche dealers in the US. Having an understanding of "free market" and all that discussion that some like to go back to is fine. However, let's remember that GT3 cars are NOT THAT RARE. As referenced by me earlier, how many people who bought a Ferrari 488 GTB or 488 Pista for example in the past 4 years brand new from a dealer paid over MSRP. None I would say. It is not allowed and not practiced, regardless of desirability (obviously more for the latter car) or relative rarity. Fewer Pistas than GT3s, no? Just because many on here like making money and free market economy doesn't change the fact that the ADM concept is a d___ move no matter how you want to dress it up, in either some formality of an economic principle that you want to academically try to instruct about or say that the value is simply being the first guy at your dealership to get a car. The first guy who gets a car gets the same car as the last guy who gets a car. The car is the car.
#1121
#1122
My 5270j arrives next week. At a discount.
My 5168, 5968- all purchased at msrp.
My 5980 purchased at msrp.
I’ve never paid over msrp for any Patek I’ve owned. Ever. Just because you can’t get one, doesn’t mean it’s not possible.
Last edited by Yippiekiaye; 05-01-2021 at 11:53 AM.
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touringGT3 (05-01-2021)
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#1124
They also know dealers will sell for over MSRP, due to desirability, and due to the fact that supply will not be able to meet demand, initially. They are smart like that (Porsche AG, PCNA, and dealers). The dealer network is deliberately and repeatedly allowed to price and sell the product however they choose. This happens every time a new GT car is released. It's been happening for over a decade. There is always the initial frenzy, and then things settle down and cars can be had at MSRP. Big spenders, VIPs and those that have the right relationships always benefit in these scenarios. No need to get butt hurt if you aren't in one of those categories.
This is how good business is forged, not bending people over for crazy ADMs. I don't have the statistics but folks who call from all over the country to out-of-state dealers may be more likely to suffer ADM punishment.
The other thing is: my 991.2 TTS is so good, my deposit is refundable. A Turbo S is a hard beast to let go.
#1125
The bottom line is the dealer will pick who pays ADM, and who will not. Some are ok to pay and get it first, just know the will make a lot of them. Noticed how many new models Porsche is cranking out the writing is on the wall .......VW wants the cash vs the brand. I’m enjoying the show watching you all(:
lmao
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michaeldorian (05-02-2021)