A place to discuss all things ADM
08-29-2022, 02:08 AM
#2101
RS cars make you money? If you’re a flipper in a hot market yes, but if you drive the crap out of your car and have fun I say not/nor do you care. I’ve done fine on my RS cars, but never cared about the outcome vs the drive. By the way lots get burned buying high, and yes they lose I know many of them. 2019 RS out the gate 150k over they all got nailed because in 2020 they were sub MSRP if you traded which many did. It’s all timing which is luck at times ….
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08-29-2022, 02:11 AM
#2102
I've been offered $650k for my black 997 4.0L with 10k miles and I passed on it but I paid much more than $200k for it. Cars are not investments for me, they bring smiles which has intangible value. I kick myself for missing a CGT with 12k miles back in Nov 2020 for $700k by 1 days....oh well such is life.
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Maverick787 (08-29-2022)
08-29-2022, 02:14 AM
#2103
But the ones paying these huge ADMs think it's different this time, they'll learn that the same thing will happen especially with a Fed that is out to squash inflation which will result in pain. Any marginal buyer will get blown out of the water hence why I'm waiting 6-12 months on the Speciale and Pista market to decline 15-25%....just a matter of time...tick tock.
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08-29-2022, 04:14 AM
#2104
What? Huh? What happened? I was over here with variable turbine geometry. Did that Fed punk open his dizzy trap again? I'm sure the drop was after he left the stage, not before. Ahh, what a wizard he is.
Someone should strap his silly *** into the vaunted Turbo S and make him wet his panties.
Someone should strap his silly *** into the vaunted Turbo S and make him wet his panties.
Last edited by User 81423; 08-29-2022 at 04:18 AM.
08-29-2022, 09:17 AM
#2105
But the ones paying these huge ADMs think it's different this time, they'll learn that the same thing will happen especially with a Fed that is out to squash inflation which will result in pain. Any marginal buyer will get blown out of the water hence why I'm waiting 6-12 months on the Speciale and Pista market to decline 15-25%....just a matter of time...tick tock.
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08-29-2022, 12:43 PM
#2106
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Numbered cars will always do well, and it’s a small group that has them. However run of the mill RS or GT3 will normalize many of us have seen the movie. But wait, many are trying to time the last NA or manual car, my view that’s not fun and they will not drive the car anyway. I really can careless who pays ADM, but lots if newbies here think history will not repeat itself ……the new Nissan 75K over tells you the market is stupid …..same folks thought Peloton stock was going to keep going. The Covid Matrix is dangerous 🤑. Oh yeah look at the houses piling up, and yes some markets are still hot while others are building inventory.
There has been a massive injection of liquidity since Covid,(PPP, stimulus, Fed balance sheet) coupled with interest rates at 0. All assets (houses etc), just rose as a result. Now they are trying to bring inflation down coupled with supply chains that were severely disrupted due to many issues (lack of staff, oil going to zero then $120, Ukraine war, chip shortages etc.), its going to be bumpy. How bumpy - remains to be seen. None of us have a crystal ball - but the probability of pressure to the down side seems higher than the opposite.
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08-29-2022, 01:10 PM
#2107
Racer
Agreed - the more things change the more they stay the same. Its happened before - 2000 to 2001, 2008 to 2009, Early 2020. I remember F40's being under $400K after a run up to $1.5M. They couldn't give CGT's away - under MSRP. Now I think those particular cars have transitioned into collectibles and will be fine(they aren't making more and they are limited) but regular GT3's - and there will continue to be better ones made in the future, made in the thousands will not fare as well.
There has been a massive injection of liquidity since Covid,(PPP, stimulus, Fed balance sheet) coupled with interest rates at 0. All assets (houses etc), just rose as a result. Now they are trying to bring inflation down coupled with supply chains that were severely disrupted due to many issues (lack of staff, oil going to zero then $120, Ukraine war, chip shortages etc.), its going to be bumpy. How bumpy - remains to be seen. None of us have a crystal ball - but the probability of pressure to the down side seems higher than the opposite.
There has been a massive injection of liquidity since Covid,(PPP, stimulus, Fed balance sheet) coupled with interest rates at 0. All assets (houses etc), just rose as a result. Now they are trying to bring inflation down coupled with supply chains that were severely disrupted due to many issues (lack of staff, oil going to zero then $120, Ukraine war, chip shortages etc.), its going to be bumpy. How bumpy - remains to be seen. None of us have a crystal ball - but the probability of pressure to the down side seems higher than the opposite.
Certainly things will eventually come back to reality, however, it’s any ones guess as to when.
As long as Porsche continues to limit the supply of these GT cars, the prices will still remain pretty high.
It’s kind of like the stainless steel Rolex Daytona phenomenon. Not a limited edition watch, but supply is limited by the factory (just try to buy one), demand is high, so the prices continue to be way above MSRP.
08-29-2022, 02:02 PM
#2108
I must have been out of the loop during those years. 991.2 GT3 RS started at $188k, Weissach package added $18k, mag wheels $13k. I’ve seen them go for just under $200k on BAT back in 2020, but if you have a link showing resale history with prices under MSRP would love to see it. Might keep me from buying one later this year 
08-29-2022, 04:36 PM
#2109
There were plenty listed at MSRP on Autotrader right before COVID and multiple transacted under MSRP on BAT around COVID. At one point, they could barely give the Speedster away as well. The '19 RS is not a great example of what the model typically does because it was just hitting the used market as COVID hit and then values were inflated shortly thereafter. Everything was pointing to it trading under MSRP in a normal environment as time went on; maybe 10 years from now it would be well over but prices always seem to dip 2-5 years out.
Last edited by Maverick787; 08-29-2022 at 04:38 PM.
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08-29-2022, 08:28 PM
#2110
Burning Brakes
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08-29-2022, 09:03 PM
#2111
Race Car
https://www.total911.com/technology-...bine-geometry/
It's VTG, man!
If I wanted to flex, I'd dive into those PORTFOLIO and NET WORTH discussions---because they're SO fun!
btw, if someone has a $5000/month mortgage payment, if they were so bad ***, why not just pay cash? That'd be a nice flex right there.
08-29-2022, 09:31 PM
#2112
‘Mine was 8/20, and first go at it was 200k over …….I laughed. 8 months later offered MSRP cash they took it.(:
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08-29-2022, 09:41 PM
#2113
xx
Last edited by Peruna; 10-06-2022 at 03:42 AM.
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08-29-2022, 10:20 PM
#2114
Burning Brakes
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Maverick787 (08-29-2022)
08-30-2022, 01:47 AM
#2115
Racer
Update - the dealer never contacted me today, so I'm assuming they were able to sell the car for over $50k ADM.
For context, they offered the same car to me with $100k ADM back in May, they reached out last week offering $75k ADM, and I offered $50k and the dealer indicated openness.
I think the clearest indicator of where 992 GT3 values are headed is the white GT3 that sold for $245k on BaT last week - the correction is here.
My dream is still to get an allocation and spec a GT3 exactly how I want it. I'd be willing to pay a bit of ADM for that privilege. I love my 991.1 GT3 and will keep my eye on the 992 market.
For context, they offered the same car to me with $100k ADM back in May, they reached out last week offering $75k ADM, and I offered $50k and the dealer indicated openness.
I think the clearest indicator of where 992 GT3 values are headed is the white GT3 that sold for $245k on BaT last week - the correction is here.
My dream is still to get an allocation and spec a GT3 exactly how I want it. I'd be willing to pay a bit of ADM for that privilege. I love my 991.1 GT3 and will keep my eye on the 992 market.
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