A place to discuss all things ADM
01-19-2023 | 03:24 PM
#4486
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Joined: Nov 2019
Posts: 537
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From: Midwest
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01-19-2023 | 03:27 PM
#4488
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Joined: Sep 2004
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From: SF Bay Area, CA
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
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 Yargk; 01-19-2023 at 03:30 PM.
01-19-2023 | 03:32 PM
#4489
RL Community Team
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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
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
An ADM on a GT3 is no different than paying for $20 watered down beer at a ballgame, when you could wait an hour or two and go to the local bar down the street and get a bottle of craft beer for half the price.
But if you really want some suds while you watch the game, you'll pay the markup instead of waiting.
No different with a car like the GT3/RS. Sure, you can wait 2-3 years and buy on the used market at MSRP (or lower) but then (1) you'll have to most likely compromise on options and (2) cannot be that kid with that new shiny toy on the block.
No right or wrong either way.
You do you.
But just be comfortable doing whatever it is you decide to do.
Last edited by ipse dixit; 01-19-2023 at 03:34 PM.
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01-19-2023 | 03:42 PM
#4490
Rennlist Member
Joined: Sep 2004
Posts: 2,234
Likes: 236
From: SF Bay Area, CA
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.
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.
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01-19-2023 | 03:49 PM
#4491
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Joined: Feb 2017
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Yes, inflation exists, that's why 200k for a GT3 isn't ridiculously too high. You could still get a GT3 for 99k in 2004 so in today's dollars that's 155k. My point is that with that in mind, a GT3 isn't worth 250k (which is 95k more than the inflation adjusted 2004 GT3 price) and people who say a GT3 isn't worth more than 200k aren't too off the mark (but again my number might be slightly higher than that). Full disclosure, I don't like (most) options. (90k for my GT4 with options!)
01-19-2023 | 03:57 PM
#4492
Race Car
Joined: Sep 2016
Posts: 4,178
Likes: 2,306
From: California
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
That's not what theyre going for and even when the market for these cars was hotter than hell, the biggest dealer in the Bay Area with Google in its backyard never saw more than a $110,000 ADM. Try $50,000 to $75,000 this last Summer.
01-19-2023 | 04:22 PM
#4493
Three Wheelin'
Joined: Aug 2017
Posts: 1,444
Likes: 317
This exactly. This is why GT3 is not a CGT.
When you pay premium for a CGT, you are paying for its inherent value
When you pay premium for 992 GT3, you are paying to be the guy with the latest and greatest, which is time dependent and will of course disappear with time.
01-19-2023 | 06:54 PM
#4496
Racer
Joined: Feb 2016
Posts: 275
Likes: 83
I meant cars you can also drive to/from the track, not track-only.
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.
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.
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01-19-2023 | 10:39 PM
#4499
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Joined: May 2012
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From: Mid-Atlantic (on land, not in the middle of the ocean)
01-19-2023 | 10:47 PM
#4500
Rennlist Member
Joined: Oct 2019
Posts: 2,905
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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
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
when the 992.2 comes around, those allocations will start at market price. And all the guys who did pay adm and have a 992.1 to trade in will all be ahead of you unless …. you outbid them with adm. your one TTS at MSRP isn’t advancing your relationship with your dealer. You missed this generation and set yourself up to miss the next one too.
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