A place to discuss all things ADM
#5596
#5598
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he just called about a 3RS slot at $100k. a little too rich for my blood, but i'm sure it'll be gone same day.
interesting times!
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AlexCeres (04-11-2023)
#5599
Race Car
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OK, how about this one? MSRP $213.5K. Appears they are charging $66k ADM on a USED car. Full PPF, Prepaid maintenance for 20k and 30k service, Certified, but seats have some wear and a tiny tear in leather on passenger side rear interior panel. No chrono, have to love sofas.
Used 2022 Porsche 911 For Sale at Porsche Downtown Chicago | VIN: WP0AC2A90NS269566
Manual, winged. To me this car being GT silver (an unspecial color?) feels more like $50k over, at most.
Used 2022 Porsche 911 For Sale at Porsche Downtown Chicago | VIN: WP0AC2A90NS269566
Manual, winged. To me this car being GT silver (an unspecial color?) feels more like $50k over, at most.
Last edited by chance6; 04-10-2023 at 11:21 PM.
#5600
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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.
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.
I don't disagree that this car is worth something over MSRP, but at least for me, getting at $20k over MSRP is not a possibility. I'm not waiting years to get this car; I'm waiting months. If you work in financial markets, then you, of all people, should understand that what goes up (artificially way, way up), usually comes back down. It's a question of how far down. But, maybe I'm giving you too much credit.
#5601
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With all due respect this doesnt make sense. You can either afford the car or you can't - if you're fretting the economy you can't or maybe said a better way - shouldn't buy the car based on whether the market is at 33,000 or at 30,000. If you want a brand new GT3 Touring and can get one to spec and you don't have a relationship - $50K is a good deal today. Could it get better - maybe but I don't think there are many more configurable allocations to be had - the run is almost at the end. So i dont think the market will go down. Now if you want to wait 2 years and get a 15,000 mile one - well then it could be and likely will be cheaper than MSRP + $50K. But look at 991.2's - they are still over MSRP 3 years + later.
So again - if you can afford it and you want to configure one - $50K is not a bad plan.
So again - if you can afford it and you want to configure one - $50K is not a bad plan.
#5602
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I’ve been on Rennlist for 20 years or so, so I’ve seen a lot and history while it doesn’t always repeat it does rhyme. How I’ve seen this play out is very similar to real estate. People sit on the sidelines, they expect a bubble and when prices do depress, they make all the excuses to not enter the market, until prices start to rise again and then they are right back where they started from.
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#5603
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AlexC already said that I would miss the 992 generations but now you're telling me that I will be GT3-less forever? Wow, that's rough. Keep on with the fear-mongering, FOMO cheerleader.
I don't disagree that this car is worth something over MSRP, but at least for me, getting at $20k over MSRP is not a possibility. I'm not waiting years to get this car; I'm waiting months.
I don't disagree that this car is worth something over MSRP, but at least for me, getting at $20k over MSRP is not a possibility. I'm not waiting years to get this car; I'm waiting months.
Um, the cars going to be two years old soon. So you have waited two years and not much has changed. ADM’s are the nearly the same. Scroll back to first post
You would have been better off paying 50k over 2 years ago when they came out. The 20k in price increases would have protected you since all you care about it value.
You could have put 10k miles on a 190k spec (+50k) in two years. Been the first owner. Started a relationship with a dealer. Then listed it this year for $240 if you no longer wanted it.
It Would be one of the lowest asking prices. Realistically sell it for 220 all day long. Cost for you would have been 20k over 2 years and many many happy miles. You’re right it is a depreciating asset, but 833 a month still wouldn’t have been a good deal for you? (20k over 2 years).
But hey, woulda shoulda coulda. When and if you do find a new one for 20k over no one will care. I told you so won’t matter cuz people will be on to the next 992.2. So good luck trying to time the market. You’re already a generation behind.
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#5604
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Will put this out there as food for thought for those still looking to buy a 992 GT3. I got my 2021 992 TTS at the 2021 MSRP of $236k. It has 2k miles, new condition, and CPO, so I view it as being a new car. Current MSRP for the same car is $263k, and if you add say $40k ADM like many GT3 guys are paying, it would be about a $300k car. With the sport PASM, the car feels crisp on the road, it goes like hell with the 640 hp, and it sounds good and is plenty loud at higher revs. Randy Pobst described the car as having a lot of GT3 stirred into it, and being like a GT3 with 200 more ft-lb of torque. It's an option to consider if you can't get the GT3 you want at the price you want.
Keep in mind that these laps are with a regular summer tire, not an R-comp like Cup 2:
Keep in mind that these laps are with a regular summer tire, not an R-comp like Cup 2:
#5605
Race Car
#5606
Rennlist Member
#5607
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I haven't had one in that range in a while. I have at least 5 clients who'd be buyers immediately in that price range.
#5608
Rennlist Member
#5609
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Turbos have never sounded that good but let’s face it… the 992 GT3 sounds like a vacuum cleaner. At the very least needs OPF delete, and once that’s done a catback exhaust wouldn’t hurt
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DodoBrd (04-11-2023)
#5610
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delete
Last edited by PTS; 04-11-2023 at 01:47 PM.