A place to discuss all things ADM
02-01-2023, 11:24 AM
#4696
Buyer is very likely an impatient, new money guy or trust fund baby.
02-01-2023, 12:34 PM
#4697
Rennlist Member
I confess that I was hardheaded in understanding that other people who buy Porsches are not me, and therefore many of them have different motivations to buy the cars and different circumstances financially and otherwise. The ADM which is crazy for one person can be easily rationalized for another person.
I personally look more at the net price of the car more than the ADM. For a car that I’m going to routinely beat up on the track and possibly crash, I personally would like to keep the price under $200k, and I can do that with an MSRP GT3, but not if the ADM is $20k+. But my use case is the more the exception than the norm, and I can see that someone buying the car for the road and putting limited miles on it could have a different financial and value analysis.
Bottom line is that the market is made up of all sorts of buyers, and our collective decisions set the prices. It is what it is. No point crying about it if you don’t like the price, just wait or buy something else or don’t buy anything.
I personally look more at the net price of the car more than the ADM. For a car that I’m going to routinely beat up on the track and possibly crash, I personally would like to keep the price under $200k, and I can do that with an MSRP GT3, but not if the ADM is $20k+. But my use case is the more the exception than the norm, and I can see that someone buying the car for the road and putting limited miles on it could have a different financial and value analysis.
Bottom line is that the market is made up of all sorts of buyers, and our collective decisions set the prices. It is what it is. No point crying about it if you don’t like the price, just wait or buy something else or don’t buy anything.
As for the 500k Sport Classic, people here are viewing this purchase in a rational way which it isn't. It is an emotional decision and if you have 8 or 9 figure plus portfolio what do you care for 250k ADM.
Same way someone driving a 20k KIA would look at a 200k Porsche as obscene since in their mind, the KIA gets them from point A to B same way a 200k Porsche does. IT is all about perspective.
02-01-2023, 12:46 PM
#4698
Yeah if you can drop a 250k ADM on top of a 250k car, you probably have more money and brains than most of us in here. I'm sure that guy isn't wasting his time on rennlist, especially this thread lol.
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02-01-2023, 01:16 PM
#4699
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I see you finally came around. You could have made this statement 3 months ago and de-escalated the whole thing but then we would not have enjoyed all the colorful banter
As for the 500k Sport Classic, people here are viewing this purchase in a rational way which it isn't. It is an emotional decision and if you have 8 or 9 figure plus portfolio what do you care for 250k ADM.
Same way someone driving a 20k KIA would look at a 200k Porsche as obscene since in their mind, the KIA gets them from point A to B same way a 200k Porsche does. IT is all about perspective.
As for the 500k Sport Classic, people here are viewing this purchase in a rational way which it isn't. It is an emotional decision and if you have 8 or 9 figure plus portfolio what do you care for 250k ADM.
Same way someone driving a 20k KIA would look at a 200k Porsche as obscene since in their mind, the KIA gets them from point A to B same way a 200k Porsche does. IT is all about perspective.
My perspective with Porsches is strongly shaped by my experience with driving GT cars on the track, resulting in my not enjoying driving them on the road because, even when I'm going much too fast to be the safe on the road, the cars still feel very underutilized compared to driving them near their limits. But I suppose that if I didn't have that track experience, I might enjoy driving them more on the road at sane speeds. I got a 991 cab precisely because, although the car be bonkers fast on the road, I can still enjoy the car at lower speeds by putting the top down and taking in the sights, sounds, and smells of the scenery. Similarly, my manual 997 is my favorite road car because I find it enjoyable at all speeds, even when I'm stuck behind slow cars.
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rusmani (02-01-2023)
02-01-2023, 01:41 PM
#4700
This sounds really out of touch and disconnected from reality. There are plenty of billionaires for whom the price of a car is absolutely irrelevant. Their limitation is basically time: free time, time to enjoy cars, time to shop, time to wait, etc. If a billionaire has a preference for one car over a slightly different car, why should he not spend 2x on the car he prefers? He can buy a different car every day and it won't impact his finances. The only impact is the hassle. So if he sees a car he wants, he buys it. He avoids the hassle and saves time, That is far more important than the money.
I can imagine the guy on the street saying "why do people go to lunch at noon? If they went to lunch at 2pm, there are shorter lines and there is a 2-4pm discount!"
I can imagine the guy on the street saying "why do people go to lunch at noon? If they went to lunch at 2pm, there are shorter lines and there is a 2-4pm discount!"
Last edited by usctrojanGT3; 02-01-2023 at 01:50 PM.
02-01-2023, 01:47 PM
#4701
Ummm people with F U money are slumming with basically a manual 911 turbo and if they had that kind of money they would have been a VIP whale with a local dealership and would have gotten the car at MSRP. So yeah that argument doesn't really hold up to well and how well did paying a big ADM work out for the folks who bought a Speedster to be the first to have the car? Yeah, not so well. But hey, limited edition Porsches are the key to retiring early right?
There's no such thing at that dealership.
lol
Last edited by Diablo Dude; 02-01-2023 at 02:08 PM.
02-01-2023, 01:49 PM
#4702
Ummm people with F U money are slumming with basically a manual 911 turbo and if they had that kind of money they would have been a VIP whale with a local dealership and would have gotten the car at MSRP. So yeah that argument doesn't really hold up to well and how well did paying a big ADM work out for the folks who bought a Speedster to be the first to have the car? Yeah, not so well. But hey, limited edition Porsches are the key to retiring early right?
Also, if you are worth millions of dollars, I doubt you give a rats *** about some 100-200k ADM you paid for a speedster, sport classic, etc.
And as I said earlier, at that level of financial success, you probably aren't flirting with peasants on Rennlist.
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02-01-2023, 01:54 PM
#4703
Maybe they don't have a history with Porsche or are buying for their wife/kid/whoever.
Also, if you are worth millions of dollars, I doubt you give a rats *** about some 100-200k ADM you paid for a speedster, sport classic, etc.
And as I said earlier, at that level of financial success, you probably aren't flirting with peasants on Rennlist.
Also, if you are worth millions of dollars, I doubt you give a rats *** about some 100-200k ADM you paid for a speedster, sport classic, etc.
And as I said earlier, at that level of financial success, you probably aren't flirting with peasants on Rennlist.
02-01-2023, 01:57 PM
#4704
They have no history with Porsche and all of a sudden they want to by a limited Porsche turbo car? Come on, let's be real here. The buyer is a trust fund baby who never earned their money or someone who made fast money who doesn't value money. There are plenty of super wealthy folks who are on Rennlist. The car sold for that price because of 1) speculation and/or 2) impatience.
02-01-2023, 01:57 PM
#4705
Rennlist Member
They have no history with Porsche and all of a sudden they want to by a limited Porsche turbo car? Come on, let's be real here. The buyer is a trust fund baby who never earned their money or someone who made fast money who doesn't value money. There are plenty of super wealthy folks who are on Rennlist. The car sold for that price because of 1) speculation and/or 2) impatience.
just because someone isn’t a “Porsche vip” doesn’t mean they don’t have the means or were never interested in Porsches. For reference my dealer turned down 600k back in June! They got 1 sport classic. 5 total (4 vip’s) and 1 for the dealer. So no the person paying that isn’t speculating or impatient. There isn’t enough. Supply and demand.
think CJ mentioned that there were 1000+ porsche collectors
Last edited by Jbravo23; 02-01-2023 at 02:06 PM.
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Diablo Dude (02-01-2023)
02-01-2023, 02:27 PM
#4706
RL Community Team
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This is simply the free market at work.
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Diablo Dude (02-01-2023)
02-01-2023, 02:44 PM
#4707
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Maybe they don't have a history with Porsche or are buying for their wife/kid/whoever.
Also, if you are worth millions of dollars, I doubt you give a rats *** about some 100-200k ADM you paid for a speedster, sport classic, etc.
And as I said earlier, at that level of financial success, you probably aren't flirting with peasants on Rennlist.
Also, if you are worth millions of dollars, I doubt you give a rats *** about some 100-200k ADM you paid for a speedster, sport classic, etc.
And as I said earlier, at that level of financial success, you probably aren't flirting with peasants on Rennlist.
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02-01-2023, 03:44 PM
#4710
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