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 03-18-2023, 06:51 PM
  #5281  
mnawa
Rennlist Member
 
mnawa's Avatar
 
Join Date: Sep 2018
Posts: 536
Received 233 Likes on 133 Posts
Default

Originally Posted by usctrojanGT3
He probably will want $100k.
that would be a pretty good deal for buyer.
The following users liked this post:
cadster (03-19-2023)
Old 03-18-2023, 10:59 PM
  #5282  
993TurboS
Rennlist Member
 
993TurboS's Avatar
 
Join Date: Jun 2006
Location: Connecticut
Posts: 975
Received 291 Likes on 128 Posts
Default

I really want him to continue to try to flip it to see how it turns out. I don't care about flipping, but I am interested to see how this would play out.

There was a guy like this trying it on a smaller scale with a 718 GTS for like 10k and he got roasted so hard and must have eventually given up. My guess is that some combination of flows could get it done, but also with a lot of deception "who said they would need to know anything about paying me for the allocation." Entertaining what guys who can afford 400k cars are willing to do to make a tiny amount of money.
The following users liked this post:
AlexCeres (03-19-2023)
Old 03-19-2023, 12:37 AM
  #5283  
AlexCeres
Rennlist Member
 
AlexCeres's Avatar
 
Join Date: Oct 2019
Posts: 2,865
Received 1,678 Likes on 1,027 Posts
Default

Originally Posted by Gg226
Youre not looking to buy it so idk why youre giving an opinion on my post which clearly is in interest of looking for a buyer.
being crosswise of contract law is not, like, my opinion man. If your dealer finds out, you’re ****ed. So, like, maybe be more discrete than posting on a public forum ? Kids these days.
The following 2 users liked this post by AlexCeres:
Ascend (03-19-2023), Diablo Dude (03-19-2023)
Old 03-19-2023, 12:51 AM
  #5284  
AlexCeres
Rennlist Member
 
AlexCeres's Avatar
 
Join Date: Oct 2019
Posts: 2,865
Received 1,678 Likes on 1,027 Posts
Default

Originally Posted by Diablo Dude
Unfortunately, the one's who are in the (1) Camp who want to continue to talk about how bad the economy is and that ADM's will be collapsing even though they've been wrong for an entire year appear to be (conveniently) oblivious to the fact that the TECH and COMMUNICATIONS service groups in the S&P 500, home to the likes of Apple, Microsoft, and the parent companies of Facebook and Google (all located in Silicon Valley with employees that are compensated with stock-option grants) have climbed 2.3% and 2.9% respectively, in March, extending their 2023 gains.
don’t even have to be that fancy. You ask Vanguard to invest your savings into a tech sector index fund in 2018, even after all the drops of the last year, you’re still almost twice as rich as you were 5 years ago. The future is hard to predict, but we know a lot of people won in the recent past. Really, anyone who was heavily invested in almost anything large cap since 2008 has had a fantastic run. Maybe they’re hurting a little more the last year or so. Maybe the next year won’t be great. There is still way more than enough to trim a little off for a favorite hobby …
The following users liked this post:
Diablo Dude (03-19-2023)
Old 03-19-2023, 02:47 AM
  #5285  
McNamara
Instructor
 
McNamara's Avatar
 
Join Date: Jan 2022
Location: Desert of the Real
Posts: 162
Received 168 Likes on 80 Posts
Default

Originally Posted by AlexCeres
don’t even have to be that fancy. You ask Vanguard to invest your savings into a tech sector index fund in 2018, even after all the drops of the last year, you’re still almost twice as rich as you were 5 years ago. The future is hard to predict, but we know a lot of people won in the recent past. Really, anyone who was heavily invested in almost anything large cap since 2008 has had a fantastic run. Maybe they’re hurting a little more the last year or so. Maybe the next year won’t be great. There is still way more than enough to trim a little off for a favorite hobby …
This is an obvious point to make for anyone with an even passing understanding of the recent history of financial markets, but I think this really keys in on an important highlight, and that is the absolute froth and glut of dispensable cash that has resulted in the first world. There will always be people who do well for themselves, prosper, and want to blow $$$ on fun toys, but the ability for seemingly large amounts of people to throw caution to the wind and pay over and beyond what was probably Porsche's wildest dreams, may not be repeated in the near future. This is also coinciding with the expectation that these cars as they currently exist will not be available for much longer (which I personally feel is a somewhat overblown concern), thus further eroding any financial governor people may have when deciding whether or not to purchase these cars. I remember walking into a dealer in 2018 and there being 911s for sale everywhere you looked, GT products included. To think that those days won't return doesn't seem logical.
The following 4 users liked this post by McNamara:
IRunalot (03-27-2023), Manifold (03-19-2023), Turbo Racer (03-19-2023), usctrojanGT3 (03-19-2023)
Old 03-19-2023, 04:48 PM
  #5286  
cadster
Instructor
 
cadster's Avatar
 
Join Date: Nov 2017
Posts: 242
Received 303 Likes on 110 Posts
Default


The following 2 users liked this post by cadster:
IRunalot (03-27-2023), McNamara (03-19-2023)
Old 03-19-2023, 04:55 PM
  #5287  
ipse dixit
RL Community Team
Rennlist Member
 
ipse dixit's Avatar
 
Join Date: Sep 2005
Posts: 16,975
Likes: 0
Received 11,699 Likes on 5,115 Posts
Default

Originally Posted by cadster
You're late to the party.

No wonder you get the cheap seats.
Old 03-19-2023, 06:20 PM
  #5288  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,597
Received 4,005 Likes on 2,283 Posts
Default

Originally Posted by cadster
Old 03-19-2023, 08:18 PM
  #5289  
Boltsfan
Intermediate
 
Boltsfan's Avatar
 
Join Date: Nov 2022
Posts: 45
Received 43 Likes on 16 Posts
Default

Originally Posted by McNamara
This is an obvious point to make for anyone with an even passing understanding of the recent history of financial markets, but I think this really keys in on an important highlight, and that is the absolute froth and glut of dispensable cash that has resulted in the first world. There will always be people who do well for themselves, prosper, and want to blow $$$ on fun toys, but the ability for seemingly large amounts of people to throw caution to the wind and pay over and beyond what was probably Porsche's wildest dreams, may not be repeated in the near future. This is also coinciding with the expectation that these cars as they currently exist will not be available for much longer (which I personally feel is a somewhat overblown concern), thus further eroding any financial governor people may have when deciding whether or not to purchase these cars. I remember walking into a dealer in 2018 and there being 911s for sale everywhere you looked, GT products included. To think that those days won't return doesn't seem logical.
Heed my warning - while what you said makes sense, be careful of what you say in this thread. Not sure if you already have a 992 GT3, but if you don't have one and say you are waiting because you think prices are going to come down, you will be the subject to the "curse of AlexCeres" where you will be cursed to miss both 992 generations of the GT3...it's like saying Candyman three times in the mirror...but scarier...
Old 03-19-2023, 10:58 PM
  #5290  
Ascend
Three Wheelin'
 
Ascend's Avatar
 
Join Date: Aug 2017
Posts: 1,444
Received 315 Likes on 179 Posts
Default

Damn, this thread has so many factions that i cant even follow whos on whos side anymore 😂😂😂
The following users liked this post:
raymort (03-26-2023)
Old 03-19-2023, 11:08 PM
  #5291  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,597
Received 4,005 Likes on 2,283 Posts
Default

Originally Posted by Boltsfan
Heed my warning - while what you said makes sense, be careful of what you say in this thread. Not sure if you already have a 992 GT3, but if you don't have one and say you are waiting because you think prices are going to come down, you will be the subject to the "curse of AlexCeres" where you will be cursed to miss both 992 generations of the GT3...it's like saying Candyman three times in the mirror...but scarier...
Or he'll be labelled as a whiny poor loser who can't afford a GT3 because only ballers pay big ADMs because they have F U money.
Old 03-19-2023, 11:10 PM
  #5292  
shrimp money
Race Car
 
shrimp money's Avatar
 
Join Date: Jun 2018
Location: Ohio
Posts: 4,363
Received 5,114 Likes on 2,042 Posts
Default


I doubt 911 production can go much higher each year, at least notably.

With all of the ways people make a fortune now from selling feet pics to social media, the demand will be strong. Porsche has been pushing hard for the last several years to market towards women, and getting more women into their flagship 911. It’s not just old, rich, white dudes buying 911s anymore. You don’t need to be some executive. I deliver dead shrimp for a living, and I have one.

If we say there’s 10,000 911s for 2023, 2,500 are Dakars, 1,250 are Sport Classics, and however many GT3RS they’ll make. So maybe 6,000 units left for the Carrera and Turbo/S lines, for the entire world?


edit: I realized my graphic is for the USA only. So disregard my final thought. I still stand by feet pics. Pun intended.

Last edited by shrimp money; 03-19-2023 at 11:19 PM.
The following 2 users liked this post by shrimp money:
AlexCeres (03-19-2023), chance6 (03-19-2023)
Old 03-19-2023, 11:11 PM
  #5293  
AlexCeres
Rennlist Member
 
AlexCeres's Avatar
 
Join Date: Oct 2019
Posts: 2,865
Received 1,678 Likes on 1,027 Posts
Default

¯\_(ツ)_/¯

You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
Old 03-19-2023, 11:20 PM
  #5294  
McNamara
Instructor
 
McNamara's Avatar
 
Join Date: Jan 2022
Location: Desert of the Real
Posts: 162
Received 168 Likes on 80 Posts
Default

Originally Posted by usctrojanGT3
Or he'll be labelled as a whiny poor loser who can't afford a GT3 because only ballers pay big ADMs because they have F U money.
I paid a significant ADM for my Carrera S. I'm not above it, and I didn't make a judgement call on anyone's decisions in my post. Just pointing out how financial conditions seem to have conspired to create the current and likely temporary situation that we find ourselves in. Personally, the money I used for my 992 didn't come from stock market returns.
Old 03-19-2023, 11:27 PM
  #5295  
shrimp money
Race Car
 
shrimp money's Avatar
 
Join Date: Jun 2018
Location: Ohio
Posts: 4,363
Received 5,114 Likes on 2,042 Posts
Default

Originally Posted by AlexCeres
¯\_(ツ)_/¯

You don’t know where GT allocations come from, and refuse to play ball with your dealer. Who has a monopoly on allocations. Your choices are pay adm, or pray Porsche ****s up and dumps a ton of cars on the market creating a glut. Porsche made fewer 992.1 than 991.2 gt3 so it’s not looking like those prayers are getting answered anytime soon. Will they sometime in the next 5 years ? Maybe. But literally every guy who played ball with his dealer will be ahead of you. Do you know a lot of Porsche enthusiasts who don’t plan to buy again ? Lolz. You haven’t done anything to improve your situation for the next round. It’s not a curse, it’s an observation that the velocity of your dealer relationship is 0. When the 992.2 rolls around, you’re stuck where you started. Pay adm or don’t get the car.
My dealer sent an email last week, wondering if I’d play ball. They offered me a ‘23 GTS Coupe for $2,265/month lease for 48 months. $90k in payments with nothing to show for it at the end. Who the heck commits to these “deals”?

I don’t think my ‘22 GTS coupe will lose $90k in value in the next 38 months, but we do live in a crazy world.


Quick Reply: A place to discuss all things ADM



All times are GMT -3. The time now is 02:11 PM.