A place to discuss all things ADM
09-02-2022, 12:15 AM
#2131
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I visited my local Porsche dealer about the 992 GT3 RS and they quoted me a $250k ADM! They said if I agreed I would be first on the list as no one has committed to that ADM yet, but they did say they had a few people very interested as they thought the asking wasn’t “unreasonable” lol. Since this is the case, I will most likely be sticking with my other dealer in the Bay Area whom I bought my 2011 and 2016 GT3 RS’ from and have had my name down for a couple of years as it would be really hard for the ADM to be any worse than $250k. I’d be willing to pay not a totally ridiculous ADM to get a car, but at $250k this dealer is seemingly on crack.
09-02-2022, 12:22 AM
#2132
I visited my local Porsche dealer about the 992 GT3 RS and they quoted me a $250k ADM! They said if I agreed I would be first on the list as no one has committed to that ADM yet, but they did say they had a few people very interested as they thought the asking wasn’t “unreasonable” lol. Since this is the case, I will most likely be sticking with my other dealer in the Bay Area whom I bought my 2011 and 2016 GT3 RS’ from and have had my name down for a couple of years as it would be really hard for the ADM to be any worse than $250k. I’d be willing to pay not a totally ridiculous ADM to get a car, but at $250k this dealer is seemingly on crack.
‘’hope you told them to get a real job that adds value vs you handing over a suitcase with 250k in it. 😬
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usctrojanGT3 (09-02-2022)
09-02-2022, 12:29 AM
#2133
Advanced
fwiw, i am on the 992.1 gt3 list at porsche walnut creek. they asked for a reasonable refundable $1000 deposit to get on the list (if i am to believe them, i am 7th on their list). they said we can discuss pricing if/when the time comes :-) i too am hoping for q3'23 delivery but i am not going to hold my breath that i will land one of these cars.
fyi, these 2 cars are still available for those who simply cannot wait :-) - https://finder.porsche.com/us/en-US/...&order=closest
09-02-2022, 12:32 AM
#2134
I visited my local Porsche dealer about the 992 GT3 RS and they quoted me a $250k ADM! They said if I agreed I would be first on the list as no one has committed to that ADM yet, but they did say they had a few people very interested as they thought the asking wasn’t “unreasonable” lol. Since this is the case, I will most likely be sticking with my other dealer in the Bay Area whom I bought my 2011 and 2016 GT3 RS’ from and have had my name down for a couple of years as it would be really hard for the ADM to be any worse than $250k. I’d be willing to pay not a totally ridiculous ADM to get a car, but at $250k this dealer is seemingly on crack.
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09-02-2022, 12:35 AM
#2135
09-02-2022, 12:37 AM
#2136
Assuming this is a financial decision, meaning one has the cash but opts to borrow. Where would you invest balance of cash today to avoid paying opportunity cost? Let us know.
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
09-02-2022, 12:46 AM
#2137
Assuming this is a financial decision, meaning one has the cash but opts to borrow. Where would you invest balance of cash today to avoid paying opportunity cost? Let us know.
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
09-02-2022, 12:49 AM
#2138
"I’d be willing to pay not a totally ridiculous ADM to get a car, but at $250k this dealer is seemingly on crack."
This dealer is not on crack. He is playing a deliberate game of reverse auction and price anchoring. Six months later when he calls you his ADM is now lowered to only 125K, you will be so tearful and thank him for the bargain.
This dealer is not on crack. He is playing a deliberate game of reverse auction and price anchoring. Six months later when he calls you his ADM is now lowered to only 125K, you will be so tearful and thank him for the bargain.
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maroli (09-02-2022)
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alextheghost (09-04-2022)
09-02-2022, 12:51 AM
#2140
yes, i got the gt3 marketing email too. odd, but unfortunately i don't think it has anything to do with improved supply/demand picture :-(
fwiw, i am on the 992.1 gt3 list at porsche walnut creek. they asked for a reasonable refundable $1000 deposit to get on the list (if i am to believe them, i am 7th on their list). they said we can discuss pricing if/when the time comes :-) i too am hoping for q3'23 delivery but i am not going to hold my breath that i will land one of these cars.
fyi, these 2 cars are still available for those who simply cannot wait :-) - https://finder.porsche.com/us/en-US/...&order=closest
fwiw, i am on the 992.1 gt3 list at porsche walnut creek. they asked for a reasonable refundable $1000 deposit to get on the list (if i am to believe them, i am 7th on their list). they said we can discuss pricing if/when the time comes :-) i too am hoping for q3'23 delivery but i am not going to hold my breath that i will land one of these cars.
fyi, these 2 cars are still available for those who simply cannot wait :-) - https://finder.porsche.com/us/en-US/...&order=closest
09-02-2022, 12:56 AM
#2141
sure pretty much whatever based on your risk profile. Either way from what I see ADM isn’t stopping unless porsche somehow starts increasing production of their GT/RS cars and it’s not like we all don’t know these last pure ICE cars are going to be the last of their kind. Drive them while you can
09-02-2022, 01:03 AM
#2142
Assuming this is a financial decision, meaning one has the cash but opts to borrow. Where would you invest balance of cash today to avoid paying opportunity cost? Let us know.
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
The logic of borrowing money to buy a house does not apply to car purchases. Time horizon, nature of the collateral asset, tax benefit are all different. I'd argue you will have more to lose cuz it's a leveraged buy for a depreciating asset (on top of paying interest to borrow).
everybody’s circumstance is different, but the “only cash” crowd is largely people who just aren’t wealthy enough to be concerned about significant tax liabilities.
09-02-2022, 01:14 AM
#2143
Advanced
Maybe I'm hopelessly optimistic, but I think lots of people are on several lists, so the entire "list game" is a bit of a fallacy. If you're on 10 lists and get an allocation for one, that frees up 9 spots. My SA flat out told me to be patient, the list will dwindle. I have no reason to think he'd lie. I asked about the GT3RS and he basically said our list is too long already. Don't bother. I'll gladly wait and pray that this comes into fruition. Best case, I'll pick up at Zuffenhausen ---> Luzern ---> Lago di Como ---> Portofino ---> Roquebrune-Cap-Martin and drop the car off for shipping in Nice. Worst case I'll rent one for a week for like $3500. But, it the stars align and we both get allocations I'll see you on the other side. :-)
yep, my SA said pretty much the same thing - just be patient and the lists will dwindle. hoping he is right.
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AlexCeres (09-02-2022)
09-02-2022, 08:15 AM
#2144
Rennlist Member
It rhymes.
2007 997GT3RS 75K over
2010 997.2GT3RS sat at dealers @sticker through 2014.
997.1 RS used sold for $100K
The 4.0 could be had at sticker in 2012/13 for a short time.
2015 991.1GT3RS 100K over
2018 991.2GT3RS sticker for sale
2022 GT3RS 150K over
2025 GT3RS
2007 997GT3RS 75K over
2010 997.2GT3RS sat at dealers @sticker through 2014.
997.1 RS used sold for $100K
The 4.0 could be had at sticker in 2012/13 for a short time.
2015 991.1GT3RS 100K over
2018 991.2GT3RS sticker for sale
2022 GT3RS 150K over
2025 GT3RS
09-02-2022, 08:40 AM
#2145
lawfully not paying taxes unnecessarily. If you’re selling appreciated assets to generate cash to avoid borrowing, you’re probably not very good at math.
everybody’s circumstance is different, but the “only cash” crowd is largely people who just aren’t wealthy enough to be concerned about significant tax liabilities.
everybody’s circumstance is different, but the “only cash” crowd is largely people who just aren’t wealthy enough to be concerned about significant tax liabilities.
The following 2 users liked this post by carcommander:
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