A place to discuss all things ADM
#3826
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At least I'm fine with admitting my mistake publicly. Yes it my my first NEW GT3RS, my first GT3RS was the PTS 997 GT3RS that I bought for $115k in 2012 and sold for $200k in 2017 after driving and tracking it for 13k miles in over 4 years. I fell for the BS on here that GT3RS values won't go below MSRP because Porsche was limiting the supply. Uhhhh wrong, but thankfully I got a little over MSRP when I traded the car in so I didn't lose all of the $50k ADM. That's when I morphed into the MSRP Crusader. You live, you learn.
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#3828
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At least I'm fine with admitting my mistake publicly. Yes it my my first NEW GT3RS, my first GT3RS was the PTS 997 GT3RS that I bought for $115k in 2012 and sold for $200k in 2017 after driving and tracking it for 13k miles in over 4 years. I fell for the BS on here that GT3RS values won't go below MSRP because Porsche was limiting the supply. Uhhhh wrong, but thankfully I got a little over MSRP when I traded the car in so I didn't lose all of the $50k ADM. That's when I morphed into the MSRP Crusader. You live, you learn.
I definitely agree that you shouldn't just drop 100k ADM on a 992 GT3. But if you think you'll just stroll into a Porsche dealer now or in 2023 and get a 992 GT3 at MSRP, you need a reality check. I don't encourage anyone to recklessly pay ADM or go beyond their means, but if you want a 992 GT3 and you don't have a good history with a dealer, you'll have to pay some premium over MSRP. I don't think it's worth falsely getting any enthusiasts hopes up otherwise.
992 GT3 production is slowing down. The last allocations appear to have been handed out to dealers. Barring a MASSIVE drop in demand, prices won't just crater. Hell, there are still tons of mass produced Toyotas (Sequoia, Sienna, etc) that are still commanding a markup. We have a ways to go before things are ever close to "normal" again.
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#3829
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If we have a sharp recession in 2023 - as some are predicting - I think the appetite for these cars will drop and we’ll see substantial price declines, i.e. bursting of the bubble. This bubble was due to the pandemic and the response to it, and the effects won’t last forever. They’re just cars, and they’ll always make more.
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Manifold (12-24-2022)
#3831
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Fair enough man, I respect it. And like I've said before, I am jealous that you got set up with a good dealer before all the chaos that has ensued.
I definitely agree that you shouldn't just drop 100k ADM on a 992 GT3. But if you think you'll just stroll into a Porsche dealer now or in 2023 and get a 992 GT3 at MSRP, you need a reality check. I don't encourage anyone to recklessly pay ADM or go beyond their means, but if you want a 992 GT3 and you don't have a good history with a dealer, you'll have to pay some premium over MSRP. I don't think it's worth falsely getting any enthusiasts hopes up otherwise.
992 GT3 production is slowing down. The last allocations appear to have been handed out to dealers. Barring a MASSIVE drop in demand, prices won't just crater. Hell, there are still tons of mass produced Toyotas (Sequoia, Sienna, etc) that are still commanding a markup. We have a ways to go before things are ever close to "normal" again.
I definitely agree that you shouldn't just drop 100k ADM on a 992 GT3. But if you think you'll just stroll into a Porsche dealer now or in 2023 and get a 992 GT3 at MSRP, you need a reality check. I don't encourage anyone to recklessly pay ADM or go beyond their means, but if you want a 992 GT3 and you don't have a good history with a dealer, you'll have to pay some premium over MSRP. I don't think it's worth falsely getting any enthusiasts hopes up otherwise.
992 GT3 production is slowing down. The last allocations appear to have been handed out to dealers. Barring a MASSIVE drop in demand, prices won't just crater. Hell, there are still tons of mass produced Toyotas (Sequoia, Sienna, etc) that are still commanding a markup. We have a ways to go before things are ever close to "normal" again.
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Manifold (12-24-2022)
#3832
#3833
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Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
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#3834
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,286
Received 4,472 Likes
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2,547 Posts
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I think some people forget that it's not only higher interest rates but the Fed is also draining $95B out of the economy every month. It's a small amount that the Fed created but with enough number of months this quantitative tightening will add up and begin to lower asset prices. Let's hope that nothing serious breaks during the Fed's mission to crush inflation.
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usctrojanGT3 (12-24-2022)
#3835
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I think some people forget that it's not only higher interest rates but the Fed is also draining $95B out of the economy every month. It's a small amount that the Fed created but with enough number of months this quantitative tightening will add up and begin to lower asset prices. Let's hope that nothing serious breaks during the Fed's mission to crush inflation.
there is no chance anyone is getting an allocation for msrp before production ends.
and the Fed. Lolz. They pumped $8T into the economy and have only planned to withdraw $2T. When the dust settles their publicly stated objectives are to leave $6T more than existed in 2019. Hahahahhaha. Yeah, I’m sure nominal prices on luxury goods are totally going back to “normal” /s
again, you need more than just “dropping” to make informed decisions
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Diablo Dude (12-24-2022)
#3836
Race Car
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If prices drop 20%, they’ll still be above msrp. You guys keep screaming about prices drops without any context on either absolute values or the velocity.
there is no chance anyone is getting an allocation for msrp before production ends.
and the Fed. Lolz. They pumped $8T into the economy and have only planned to withdraw $2T. When the dust settles their publicly stated objectives are to leave $6T more than existed in 2019. Hahahahhaha. Yeah, I’m sure nominal prices on luxury goods are totally going back to “normal” /s
again, you need more than just “dropping” to make informed decisions
there is no chance anyone is getting an allocation for msrp before production ends.
and the Fed. Lolz. They pumped $8T into the economy and have only planned to withdraw $2T. When the dust settles their publicly stated objectives are to leave $6T more than existed in 2019. Hahahahhaha. Yeah, I’m sure nominal prices on luxury goods are totally going back to “normal” /s
again, you need more than just “dropping” to make informed decisions
I can tell that you are one of the few posters here that actually understand the financial markets and most likely have some "skin" in the game.
People on these internet forums love to yap about demand and go to extreme lengths to "rationalize" why prices will come down, yet they rarely discuss supply.
They ignore how badly broken supply chains are and how the "quality" of a supply chain will demand higher prices going forward.
Porsche putting a stop-order on PCCB's is a prime example of what I'm talking about and yet we're almost in 2023.
It's literally comical to see the same posters in this forum sound like a broken clock every day here.
I can tell that they've never had any "skin" in the game when it comes to the financial markets given the comments that they make.
They see themselves as "value" investors like Warren Buffett yet (like Warren) wouldnt be caught dead investing in a "growth" stock in the first place.
That's why they and their opinions lack credibility.
Last edited by Diablo Dude; 12-24-2022 at 07:07 PM.
#3838
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I think that some pain will need to be experienced in order to get inflation down, get stocks back to reasonable multipliers, get the unemployment rate up to normal level, get people back in the office, get repair people who come to the house to provide estimates to actually provide those estimates, etc. This overstimulated economy isn't sustainable, nor are these inflated car prices. I'm tired of waving money at people and they don't care.
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Manifold (12-24-2022)
#3839
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If prices drop 20%, they’ll still be above msrp. You guys keep screaming about prices drops without any context on either absolute values or the velocity.
there is no chance anyone is getting an allocation for msrp before production ends.
and the Fed. Lolz. They pumped $8T into the economy and have only planned to withdraw $2T. When the dust settles their publicly stated objectives are to leave $6T more than existed in 2019. Hahahahhaha. Yeah, I’m sure nominal prices on luxury goods are totally going back to “normal” /s
again, you need more than just “dropping” to make informed decisions
there is no chance anyone is getting an allocation for msrp before production ends.
and the Fed. Lolz. They pumped $8T into the economy and have only planned to withdraw $2T. When the dust settles their publicly stated objectives are to leave $6T more than existed in 2019. Hahahahhaha. Yeah, I’m sure nominal prices on luxury goods are totally going back to “normal” /s
again, you need more than just “dropping” to make informed decisions
#3840
Race Car