Peruna

MSRP has increased by $20k+. That's a change.

RUF RS

If this a rhetorical question? The ONLY person who can answer this post/question.....is you.....it's your money, it's your car (maybe), and no-one (on RL or anywhere else for that matter) can predict the future. There are a million opinions, stated ad nauseam.....but.....yours in this case is the only one that matters.

Boltsfan

Haha, Double Ds, maybe I should call you Double As, because you are so small (minded) to not see that there are significant hazards ahead. Instead of addressing the points that I raise as to why there are rough waters ahead, you keep pointing to the equity markets. Why on earth would you keep pointing solely to dumb money (aka, the equity markets), the same markets that caused meme stocks like GameStop to exist? You should give at least some weight to what smart money, aka the bond markets, have been saying. The equity markets are living in lala land right now. In light of your ability to disregard high levels of risk, there's a company called Silicon Valley Bank that is looking for someone like you to become their Risk Manager. Match made in heaven. Oops, sorry, they are gone...guess they should have paid more attention to risks related to rapidly rising interest rates...

I don't enjoy talking about the bad state of the economy, but interesting that you finally acknowledge that there are some bad things going on in the economy. I'm a realist. And, the reality is that there are significant risks to the economy right now. Tying it to the GT3 market, if economic conditions deteriorate, no question that the GT3 market will be affected. Some cars are moving on the resale market, which is normal for the spring selling season, but there are still alot of cars out there languishing on the resale market. Prices can inflate quickly during times of excess like the last few years but it often takes time for price declines to occur. Like I said before, I think later this year will be the time frame, which coincides with when the full effect of interest rates should begin affecting the economy. Pimco has done an analysis of the effects of central banks hiking interest rates during the last 70 years, and their conclusion is that it normally takes 6-8 quarters after the start of interest rate hikes to reach the point of material economic deterioration. The Fed started hiking in March 2022, so we are getting close to that time frame.

Finally, I'm not bitter, not at all. I actually smile when I see posts like yours where you speak out of your ***, making broad sweeping statements about my trading abilities instead of making intelligent counter-arguments ("well, Boltsfan, I actually think a soft landing is still possible because of [fill in the blank]"). Just because I disagree with the circlejerk of a subgroup here who only thinks prices go one way causes me to be bitter? Nah, I'm good.

Boltsfan

Excuse me, do you know me? If so, how long have I been a "doom and gloom" guy? Oh yeah, you don't know. Far from multiple years of "calling it." I started to become a little cautious when the Fed did an about face on "transitory inflation" and then needed to play catch-up. I became more cautious when we experienced steep rate hikes in a short period of time. It hit yellow alert when banks like SVB and Signature failed. So, yeah, I'm officially in the doom and gloom camp.

If you're so smart, what do you think? Or, are you good with marking remarks from the sidelines, eating your popcorn?

Diablo Dude

The March Unemployment Report was just announced this morning with 236,000 new jobs created, a 0.3% increase in hourly wages, and an unemployment rate of 3.5%

A "horrible" report.
Lots of "gloom and doom"
Moreover, wealthy people have no money for Porsche GT cars. Sad really.

jfh342

Jack Ingram Porsche, $30k winged.

Manifold

The pandemic and the response to it have been unprecedented in our lifetimes, so predictions about timing of a recession are more difficult. But the vast majority of economic/financial/investing 'experts' I follow are expecting a substantial recession to be coming within the next year, and that's where I've placed my bets.

I did buy three lightly used 911s in the past six months at what I thought was a good price (total cost of more than a half million dollars), but I couldn't stomach the idea of paying tens of thousands over MSRP for a 992.1 GT3 when I'm pretty much assured of getting a 992.2 GT3 at MSRP. For me, the 992 GT3 is just not worth $240k+, but it's worth MSRP (less than $200k for my build).

mrjbb7

My 992's MSRP is 226k NON PTS, worth it to me even at if at a very small ADM. With tax 1st year's insurance, registration and miscellaneous fees, even at MSRP I'm well over 240K+. My same build now would be 240K+ MSRP, given the increase in prices and my color is discontinued so I'd have to go PTS for it from my understanding of what my SA and the GM believe.

Since buckets and PCCB's aren't being configured into anything non-GT until who knows when, this no doubt will also affect the market and individual car prices.

Manifold

I get that. We all have to decide what a particular car is worth to us, and (hopefully) few of us are stretching to buy these cars to the point where tens of thousands of ADM would actually impact our financial position.

As a track car, I wound up getting a 2021 992 TTS at the 2021 MSRP price, which is $27k less than the current MSRP price. The cost is less than the market price for a 992 GT3, and it's a faster car with more road usability. But I still want a 992 GT3 when I can get an MSRP allocation, which is perhaps 1-2 years away (meanwhile, will track the 991.1 GT3). One TTS and one GT3 seems like a good combo for track cars which can be driven on the road. For road-only use, I still prefer the 991 and 997 cars over any 992, but I understand that lots of people like the 992 cars. In the end, it's all pretty subjective.

mrjbb7

I get that several thousand does impact most financially, it does make a difference to me as well, so I completely understand. Ultimately like you said, it's about what it's worth to the individual and what they're willing to pay for it. That's a good price for 992 TTS regardless of the year. I love the TT and other 992 Porsches. But I'm on my 2nd manual 992 GT3 for a reason lol It's good, really good. On a track, I lean a little more towards PDK, but I track occasionally so looking to add a 991.1 or .2RS to compliment the manual. I owned a 800+ HP 488 Pista for quite some time and the 992 GT3 is a bit more fun to drive and has a more "precise" steering feel to it for half the cost. That GT feel is something you just can't quite replicate or get in the other 911 variants or brands, faster as they may be.

Fingers crossed for you to get your 992 GT3 at MSRP, it definitely is possible and I feel more likely to happen than a year ago.

Diablo Dude

rj2014

Do you mean you got an allocation for that ADM or is one available for $30k over?

PTS

I'm not on the sidelines, I'm in my 992 GT3 just clicking past the 4k mile mark. I wasn't referencing you directly in my comment, either. Keep being cautious though, you'll still be in the same place you are now in the future, GT3-less.

Edit: As someone who works in the financial markets, I find it interesting when GT3 prospective buyers will sit on the sidelines for literally years waiting to save $20-40k on these cars (while MSRP continues to tick up into those levels) expecting ADMs to come down. What is $20-40k over the course of multiple years on a ~$225k car? As an actual owner, I can tell you it's worth those dollars to be driving one of these. For what it's worth, I paid MSRP but can easily understand paying an ADM for this car.

Manifold

Again, most of us are already driving one or more fun cars, and will not be without a fun car if we wait to buy the GT3. Not many people are spending over $200k to get their very first fun car, and one can get a fun car for a fraction of the price of a GT3.

parkert

Anyone know of any dealerships with current allocations? I understand this comes with an ADM.