A place to discuss all things ADM
08-24-2022, 11:49 AM
#2011
Rennlist Member
Ill supposedly have the first allocation available at my dealer in central Texas.
I put $10k down and agreed to $125k over sticker. I sent my build code in the first day the configurator let me and the dealership confirmed they received it.
Sticker on the car with the options i picked was $291k.
I'm not stoked about it, but I do love the car.
I have a 2023 Turbo S coming coming with an October delivery date from a different dealer here in my home town.
I think the most frustrating aspect of this whole thing isnt the price...but the lack of information..allocations coming and going. And, knowing that the cars cost different prices for different people.
After 2 years of lists and going back and forth I just paid the premium to not have to deal with it anymore.
These are my first 2 p cars. I've wanted one since I was 10 years old and I'd rather not have a hybrid...which I suspect is coming soon.
I put $10k down and agreed to $125k over sticker. I sent my build code in the first day the configurator let me and the dealership confirmed they received it.
Sticker on the car with the options i picked was $291k.
I'm not stoked about it, but I do love the car.
I have a 2023 Turbo S coming coming with an October delivery date from a different dealer here in my home town.
I think the most frustrating aspect of this whole thing isnt the price...but the lack of information..allocations coming and going. And, knowing that the cars cost different prices for different people.
After 2 years of lists and going back and forth I just paid the premium to not have to deal with it anymore.
These are my first 2 p cars. I've wanted one since I was 10 years old and I'd rather not have a hybrid...which I suspect is coming soon.
And thank you for being up front about it. Helps us understand the current pricing and market.
Some serious F-U money around here on RL. I need to step it up!
Last edited by michaeldorian; 08-24-2022 at 11:50 AM.
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08-24-2022, 11:57 AM
#2012
@SOLGW_Mike Madd respect and way to land your first post on RL. +1 here on having paid ADM so you're not alone. Car dealer ETA is this week. Been a long journey here. Hopefully it's worth it.
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SOLGW_Mike (08-24-2022)
08-24-2022, 12:55 PM
#2013
Burning Brakes
I suspect ADM will be very low if any for the gt3rs the 2nd half of the production hitting dealers.
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
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08-24-2022, 05:40 PM
#2014
Can anyone that has post the GT car production numbers per series and variant? I know there's threads about this but RL search is not cooperative. Link to those threads works as well. Thank you.
08-24-2022, 07:02 PM
#2015
Race Car
I suspect ADM will be very low if any for the gt3rs the 2nd half of the production hitting dealers.
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
What defines usable, two seats and road legal?
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AlexCeres (08-24-2022)
08-24-2022, 11:37 PM
#2017
Rennlist Member
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-eztrader- (08-25-2022)
08-25-2022, 11:55 AM
#2018
Racer
One would think that the relatively large number of GT cars produced will cause a great softening but I think outsized demand, fomo, and speculation can persist longer than we'd think. As long as a lot of people think they can buy these cars for profit, or drive them for free, prices are gonna remain elevated.
08-25-2022, 12:56 PM
#2019
Burning Brakes
This quote makes no sense for someone waiting for GT car prices to come down. It's really intended for cash-strapped sellers looking to sell something that is irrationally underpriced.
A better phrase would be: "The market can stay irrational longer than you can keep waiting"
A better phrase would be: "The market can stay irrational longer than you can keep waiting"
08-25-2022, 12:57 PM
#2020
I suspect ADM will be very low if any for the gt3rs the 2nd half of the production hitting dealers.
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
it’s a very unusable car, even more so than the 991.2 3rs I ordered new which was also easy to get sticker towards the end of the run.
add on housing crashing, market in the dumps, China collapse, and more importantly A Gt3, 4, 4rs and rs spyder and now 3rs and every gen before it and that is just a monster supply of GT cars tbh.
I’ll buy one towards the end of the line at sticker and lay maybe 250k with options and sell it 3 years later for probably 175k which is the norm people tend to forget.
Porsche can’t produce 20k gt cars in 10 years and expect prices to not soften greatly
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08-25-2022, 12:59 PM
#2021
"The market can stay irrational longer than you can stay solvent"
One would think that the relatively large number of GT cars produced will cause a great softening but I think outsized demand, fomo, and speculation can persist longer than we'd think. As long as a lot of people think they can buy these cars for profit, or drive them for free, prices are gonna remain elevated.
One would think that the relatively large number of GT cars produced will cause a great softening but I think outsized demand, fomo, and speculation can persist longer than we'd think. As long as a lot of people think they can buy these cars for profit, or drive them for free, prices are gonna remain elevated.
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08-25-2022, 01:07 PM
#2022
Racer
This quote makes no sense for someone waiting for GT car prices to come down. It's really intended for cash-strapped sellers looking to sell something that is irrationally underpriced.
A better phrase would be: "The market can stay irrational longer than you can keep waiting"
A better phrase would be: "The market can stay irrational longer than you can keep waiting"
Originally Posted by uscTrojanGT3
Let's see how that works out when the Fed takes the Fed Funds Rate to 4-5% in the next year and car loans are 5%+. This ADM FOMO is exactly what the Fed is trying to squash, watches have already rolled over in prices and cars are next. I'm lucky enough that I have a Touring and GT4RS coming in so I can wait on the GT3RS.
I think the biggest immediate factors are crypto winter and the real estate market slowing down. But yeah I think the rate hikes will cool things down over time, but I wonder what effect "end of ICE" fomo will have on things.
08-25-2022, 01:55 PM
#2023
Race Car
Wonder what the percentage of “cash buyers” are really just people using the equity in their homes.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
08-25-2022, 02:42 PM
#2024
Wonder what the percentage of “cash buyers” are really just people using the equity in their homes.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
08-25-2022, 02:44 PM
#2025
Wonder what the percentage of “cash buyers” are really just people using the equity in their homes.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
If home values dip enough, we might see car values dip even more. That being said, I think this scenario would affect entry level brands like Porsche more than Ferrari or Lamborghini.
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