Notices
992 GT3 and GT2RS Forum 2019-Current
Sponsored by:
Sponsored by:

A place to discuss all things ADM

Thread Tools
 
Search this Thread
 
Old 01-19-2023, 12:37 PM
  #4471  
DodoBrd
Burning Brakes
 
DodoBrd's Avatar
 
Join Date: Jun 2022
Location: Frisco, TX
Posts: 1,063
Received 939 Likes on 456 Posts
Default

Originally Posted by sechsgang
Then 991.1 Gt3 isnt worth more than $100k, in that regard, yet still...they trade significantly higher. Go figure.
as the 991.1 GT3s get closer to their extended engine warranty expiring, I expect the values to be below the 996 GT3s. Nobody wants to be stuck with an engine blowing out of warranty
The following users liked this post:
RUF RS (01-19-2023)
Old 01-19-2023, 12:42 PM
  #4472  
Diablo Dude
Race Car
 
Diablo Dude's Avatar
 
Join Date: Sep 2016
Location: California
Posts: 4,140
Received 2,281 Likes on 1,272 Posts
Default

Originally Posted by Manifold
992 GT3 doesn’t suck, just not worth more than $200K IMO.
You're not even remotely interested in buying a 992 GT3.
So why are you here?
You lonely bro?

The following 2 users liked this post by Diablo Dude:
AlexCeres (01-19-2023), Jbravo23 (01-19-2023)
Old 01-19-2023, 01:04 PM
  #4473  
Manifold
Rennlist Member
 
Manifold's Avatar
 
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,285
Received 4,472 Likes on 2,547 Posts
Default

Originally Posted by Scrappy1972
Miata cup, Radical, Ariel Atom...
I meant cars you can also drive to/from the track, not track-only.

Originally Posted by DodoBrd
as the 991.1 GT3s get closer to their extended engine warranty expiring, I expect the values to be below the 996 GT3s. Nobody wants to be stuck with an engine blowing out of warranty
Worst case scenario is you pay for a new engine, which is still a lot cheaper than paying a huge premium to get a 992 GT3, for which the warranty is only 4 years and it’s engine could also blow after the warranty expires. And for the 991.1 GT3, given the history and reputational considerations, Porsche may cover engine replacements under warranty even after the 10-year warranty officially expires.
Old 01-19-2023, 01:38 PM
  #4474  
DodoBrd
Burning Brakes
 
DodoBrd's Avatar
 
Join Date: Jun 2022
Location: Frisco, TX
Posts: 1,063
Received 939 Likes on 456 Posts
Default

Originally Posted by Manifold
Worst case scenario is you pay for a new engine, which is still a lot cheaper than paying a huge premium to get a 992 GT3, for which the warranty is only 4 years and it’s engine could also blow after the warranty expires. And for the 991.1 GT3, given the history and reputational considerations, Porsche may cover engine replacements under warranty even after the 10-year warranty officially expires.
I’ve realized you are the type that has to be right ‘in your head’. You’d argue the world is flat even if someone presented all the evidence to show contrary.

a blown engine is a pretty bad worst case scenario. What is that? $25k and a lot of time without your car? And then, resale tanks because ‘blown engine’… actual worst case is the engine catches fire and someone gets seriously injured or dies. ticking time bomb really

your argument about the 992 engine blowing is so elementary. Let’s call a spade a spade shall we?

991.1 engine blowing is already a hot topic… https://rennlist.com/forums/991-gt3-gt3rs-gt2rs-and-911r/1278361-991-1-gt3-value-after-the-10yr-engine-warranty-ends.html

where are the threads about the 992 engines blowing? These engines were introduced in 2018 on the 991.2 if you didn’t know

Last edited by DodoBrd; 01-19-2023 at 01:40 PM.
The following users liked this post:
Diablo Dude (01-19-2023)
Old 01-19-2023, 02:21 PM
  #4475  
AlexCeres
Rennlist Member
 
AlexCeres's Avatar
 
Join Date: Oct 2019
Posts: 2,887
Received 1,701 Likes on 1,039 Posts
Default

Originally Posted by Engro
The choice not to pay a ridiculous adm always comes down to “can’t afford to buy new cars” How presumptuous are we. Do you know personally finance situation of a random stranger on the internet that wants a car at MSRP?
Some here will not pay adm period. Others have a window perhaps 25k or little more and I’m in this camp and others well don’t care and 100k all day adm galore. To some and perhaps this is hard to understand but it’s not always about the money. sort of a principled thing. If adm is no issue for all in the 50- 100k crowd that don’t care then why not wire said funds to your local dealer as a token appreciation of the good service they provide since it’s just another zero right. How many would actually do that? This thread is a train wreck but I enjoy it
you have no plan or path to successfully acquire a new gt3 product. You’re out of the game. And this behavior will keep you on the sidelines for the 992.2 too. I’m glad it’s for your principles and not because you can’t afford it. The advice to others trying to get allocations while these cars are still actually being produced is useless and awful.

The adm whining completely ignores supply and demand imbalances. The actual market value of these cars is, currently, above MSRP.

and the fact that you need to claim a $100k gratuity is exactly the same thing as $100k market adjustment and recouping 50-75% on resale is just another example of how deeply unserious you are. Dealers are charging adm because the market is paying. Full stop.
The following users liked this post:
Diablo Dude (01-19-2023)
Old 01-19-2023, 02:29 PM
  #4476  
sechsgang
Rennlist Member
 
sechsgang's Avatar
 
Join Date: Oct 2007
Location: ...PA...
Posts: 3,988
Received 1,028 Likes on 480 Posts
Default

Originally Posted by DodoBrd
as the 991.1 GT3s get closer to their extended engine warranty expiring, I expect the values to be below the 996 GT3s. Nobody wants to be stuck with an engine blowing out of warranty
This, and the 996 GT3 is WAY more fun to drive on the street and on the track, AND has a level of collectibility to boot. Oh, of course you have to be able to drive stick...but is that another caveat?
Old 01-19-2023, 02:31 PM
  #4477  
Manifold
Rennlist Member
 
Manifold's Avatar
 
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,285
Received 4,472 Likes on 2,547 Posts
Default

Originally Posted by DodoBrd
I’ve realized you are the type that has to be right ‘in your head’. You’d argue the world is flat even if someone presented all the evidence to show contrary.

a blown engine is a pretty bad worst case scenario. What is that? $25k and a lot of time without your car? And then, resale tanks because ‘blown engine’… actual worst case is the engine catches fire and someone gets seriously injured or dies. ticking time bomb really

your argument about the 992 engine blowing is so elementary. Let’s call a spade a spade shall we?

991.1 engine blowing is already a hot topic… https://rennlist.com/forums/991-gt3-...anty-ends.html

where are the threads about the 992 engines blowing? These engines were introduced in 2018 on the 991.2 if you didn’t know
I read through that thread, and am swayed towards thinking that the 991.1 GT3 may be a keeper.
Old 01-19-2023, 02:36 PM
  #4478  
DodoBrd
Burning Brakes
 
DodoBrd's Avatar
 
Join Date: Jun 2022
Location: Frisco, TX
Posts: 1,063
Received 939 Likes on 456 Posts
Default

Originally Posted by Manifold
I read through that thread, and am swayed towards thinking that the 991.1 GT3 may be a keeper.
which part?

the part where Jamie from Dundon recommends stashing $40k away for when it blows or the part around dealers not touching them with a 10 ft pole?
Old 01-19-2023, 02:43 PM
  #4479  
Yargk
Rennlist Member
 
Yargk's Avatar
 
Join Date: Sep 2004
Location: SF Bay Area, CA
Posts: 2,230
Received 233 Likes on 152 Posts
Default

Why are people so surprised when someone says a GT3 isn't worth more than 200k? I'm not sure that's my number, but it's close. Jeez, 200k is a lot of money, and more than the MSRP, so I'm not sure why that's not a compliment. The MSRP for a GT3 is less than 170k, so logically unless one says that it's worth less than that, then one still wants the car. I've been interested in a GT3 since 2003, so the want is strong, but I'm not going to go crazy and ignore any baseline for price. In 2003, you could get one without too much trouble for 99K. Along the way from 2003 until now you could often get GT3s for 120k, 135k, 145k, 160k etc., when new. Now all of a sudden you put out a number of 200k, and that means you don't want the car? It's downright ahistorical!
The following users liked this post:
Manifold (01-19-2023)
Old 01-19-2023, 02:50 PM
  #4480  
WenigerAberBeser
Rennlist Member
 
WenigerAberBeser's Avatar
 
Join Date: Feb 2017
Posts: 2,962
Received 1,411 Likes on 739 Posts
Default

Originally Posted by Yargk
Why are people so surprised when someone says a GT3 isn't worth more than 200k? I'm not sure that's my number, but it's close. Jeez, 200k is a lot of money, and more than the MSRP, so I'm not sure why that's not a compliment. The MSRP for a GT3 is less than 170k, so logically unless one says that it's worth less than that, then one still wants the car. I've been interested in a GT3 since 2003, so the want is strong, but I'm not going to go crazy and ignore any baseline for price. In 2003, you could get one without too much trouble for 99K. Along the way from 2003 until now you could often get GT3s for 120k, 135k, 145k, 160k etc., when new. Now all of a sudden you put out a number of 200k, and that means you don't want the car? It's downright ahistorical!
uhh… $100k in 2003 is $160k in 2022… so I don’t get your point other than to say inflation exists. Porsche has innovated and put a lot more options / tech and safety in their cars to pump that number up further. The fact that many are trading between $250-$275 is just supply/demand. It will most likely dampen but I personally don’t see prices coming down by $50k any time soon

when the tire kickers on here say a gt3 isn’t worth >$200k to them, what they are really saying is they like wasting their time because it’s going to be awhile for any decent spec to get to $200k

Last edited by WenigerAberBeser; 01-19-2023 at 02:54 PM.
The following 2 users liked this post by WenigerAberBeser:
AlexCeres (01-19-2023), Diablo Dude (01-19-2023)
Old 01-19-2023, 02:57 PM
  #4481  
Diablo Dude
Race Car
 
Diablo Dude's Avatar
 
Join Date: Sep 2016
Location: California
Posts: 4,140
Received 2,281 Likes on 1,272 Posts
Default

Originally Posted by WenigerAberBeser
uhh… $100k in 2003 is $160k in 2022… so I don’t get your point other than to say inflation exists

when the tire kickers on here say a gt3 isn’t worth >$200k to them, what they are really saying is they like wasting their time because it’s going to be awhile for any decent spec to get to $200k
Agreed 100%

The post yesterday from Manifold really was icing on the tire-kicking cake.

The guy literally said that he takes into consideration the PROFIT MARGIN that Porsche and its dealers make when spec'ing a GT3 and its options.
It's like walking into a great restaurant and passing on some of the main entrees.... because you feel the owner is making too much money.
What a tortured life this guy must live.

The following 2 users liked this post by Diablo Dude:
AlexCeres (01-19-2023), cadster (01-21-2023)
Old 01-19-2023, 03:03 PM
  #4482  
Diablo Dude
Race Car
 
Diablo Dude's Avatar
 
Join Date: Sep 2016
Location: California
Posts: 4,140
Received 2,281 Likes on 1,272 Posts
Default

Originally Posted by Yargk
Why are people so surprised when someone says a GT3 isn't worth more than 200k? I'm not sure that's my number, but it's close. Jeez, 200k is a lot of money . . .
Lots of things cost a lot of money . . .especially here in California.
That's why I tell people who repeatedly complain about living here that maybe they're better off moving to another state.
Not everyone can afford to live here.

By the way, my 981 GT4 was $112,000 and nearly double what I paid for my C2 new back in 1990.
But $60,000 out the door in 1990 is now $141,757 in 2023 due to inflation.
This should be obvious.
The following users liked this post:
AlexCeres (01-19-2023)
Old 01-19-2023, 03:05 PM
  #4483  
ipse dixit
RL Community Team
Rennlist Member
 
ipse dixit's Avatar
 
Join Date: Sep 2005
Posts: 17,151
Likes: 0
Received 11,968 Likes on 5,216 Posts
Default

Originally Posted by Manifold
what will you buy for less than $100k that’s a better track car?
Camaro ZL1 1LE, and I get an MT
The following 2 users liked this post by ipse dixit:
AlexCeres (01-19-2023), RealityGT (01-19-2023)
Old 01-19-2023, 03:13 PM
  #4484  
Manifold
Rennlist Member
 
Manifold's Avatar
 
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,285
Received 4,472 Likes on 2,547 Posts
Default

Originally Posted by ipse dixit
Camaro ZL1 1LE, and I get an MT
Yuk
Old 01-19-2023, 03:18 PM
  #4485  
Engro
Rennlist Member
 
Engro's Avatar
 
Join Date: Nov 2019
Location: Midwest
Posts: 526
Received 267 Likes on 166 Posts
Default

Originally Posted by AlexCeres
you have no plan or path to successfully acquire a new gt3 product. You’re out of the game. And this behavior will keep you on the sidelines for the 992.2 too. I’m glad it’s for your principles and not because you can’t afford it. The advice to others trying to get allocations while these cars are still actually being produced is useless and awful.

The adm whining completely ignores supply and demand imbalances. The actual market value of these cars is, currently, above MSRP.

and the fact that you need to claim a $100k gratuity is exactly the same thing as $100k market adjustment and recouping 50-75% on resale is just another example of how deeply unserious you are. Dealers are charging adm because the market is paying. Full stop.
I am 4th on list at dealer i know for gt3 @ 25k ADM with my build submitted to dealer ready to pull the trigger (992.1 or 992.2 plus i have currently 992 Turbo @ msrp) Am i a serious buyer?
I see your point about missing out on a car if you don't pay market ADM right now but you assume that the individual 1. does not have other cars that they have access to 2. they live and breathe everything gt3 so they would be missing out and 3. They don't have other ways to burn 100k that will give them just as much satisfaction or returns much better than 50-75% on resale of gt3

I tried to show you another side when you generalized non adm people cannot afford the car which is bullocks since you don't know that. Try to understand from perspective of someone that will not pay the crazy adm they may see giving dealer 100k for ADM also a gratuity just as you will not give dealer 100k for nothing. Oh well.. at least i tried
The following 2 users liked this post by Engro:
Manifold (01-19-2023), usctrojanGT3 (01-19-2023)


Quick Reply: A place to discuss all things ADM



All times are GMT -3. The time now is 02:23 PM.