A place to discuss all things ADM
#5641
Yep, this is shady as sh*t
#5642
Burning Brakes
I'm on the waitlist for a GT3t at Porsche South Austin. They're currently "asking" $100k over sticker for a GT3t allocation. The truth is the GM asks each salesman how much their GT3t customers are willing to pay over MSRP and the salesmen reach out to their customers to see who will pay the most and the high bidder gets to order a car.
My salesman at Porsche South Austin texted me last month and said they have an allocation for me. I offered significantly less than $100K over sticker, but still well over sticker. The sales manager emailed me that he had a long list of buyers at $100k over. I told him I don't want to waste his time and I won't pay $100k over. He never responded, so I guess he had a higher bidder. My salesman at Porsche South Austin texted yesterday and said they have a GT3t allocation for me if I'm still interested. They're still asking $100k over sticker. I upped my offer by $10k from last month, but still well short of $100k over. In both offers, I've offered to wire the full purchase price same day. I thought sitting on my money for several months would give them some incentive to take my offer, but no luck.
I did agree on price for a new GT3t with another dealer outside of my home state. After we agreed on price (which included ADM), I learned that they were selling me a car that had already been ordered instead of the ablility to order a car to my spec. The car was too far off from what I want, so I passed. After agreeing on price, but before learning that I was negotiating for an already ordered car and not an allocation, the GM called me to discuss payment. In order to "hide the ADM from Porsche" he wanted me to buy a used Cayenne which he would then buy back from me in 30 days for the amount I paid minus the ADM. I told him I'm happy to wire money or write a check for the ADM, and he can call the ADM whatever he wants, but I'm not buying another vehicle to hide the ADM. This does make me curious how other dealers are hiding the ADM from Porsche. Anyone care to share how their dealer got paid for ADM?
The interesting thing is both Porsche dealers I have tried to order a GT3t from tell me that if I'll pay their ADM this time, I'll be able to order GT cars at sticker in the future. I have no reason to believe they won't sell their future GT car allocations to the highest bidder in the future, just like they are today.
My salesman at Porsche South Austin texted me last month and said they have an allocation for me. I offered significantly less than $100K over sticker, but still well over sticker. The sales manager emailed me that he had a long list of buyers at $100k over. I told him I don't want to waste his time and I won't pay $100k over. He never responded, so I guess he had a higher bidder. My salesman at Porsche South Austin texted yesterday and said they have a GT3t allocation for me if I'm still interested. They're still asking $100k over sticker. I upped my offer by $10k from last month, but still well short of $100k over. In both offers, I've offered to wire the full purchase price same day. I thought sitting on my money for several months would give them some incentive to take my offer, but no luck.
I did agree on price for a new GT3t with another dealer outside of my home state. After we agreed on price (which included ADM), I learned that they were selling me a car that had already been ordered instead of the ablility to order a car to my spec. The car was too far off from what I want, so I passed. After agreeing on price, but before learning that I was negotiating for an already ordered car and not an allocation, the GM called me to discuss payment. In order to "hide the ADM from Porsche" he wanted me to buy a used Cayenne which he would then buy back from me in 30 days for the amount I paid minus the ADM. I told him I'm happy to wire money or write a check for the ADM, and he can call the ADM whatever he wants, but I'm not buying another vehicle to hide the ADM. This does make me curious how other dealers are hiding the ADM from Porsche. Anyone care to share how their dealer got paid for ADM?
The interesting thing is both Porsche dealers I have tried to order a GT3t from tell me that if I'll pay their ADM this time, I'll be able to order GT cars at sticker in the future. I have no reason to believe they won't sell their future GT car allocations to the highest bidder in the future, just like they are today.
#5643
I'm on the waitlist for a GT3t at Porsche South Austin. They're currently "asking" $100k over sticker for a GT3t allocation. The truth is the GM asks each salesman how much their GT3t customers are willing to pay over MSRP and the salesmen reach out to their customers to see who will pay the most and the high bidder gets to order a car.
My salesman at Porsche South Austin texted me last month and said they have an allocation for me. I offered significantly less than $100K over sticker, but still well over sticker. The sales manager emailed me that he had a long list of buyers at $100k over. I told him I don't want to waste his time and I won't pay $100k over. He never responded, so I guess he had a higher bidder. My salesman at Porsche South Austin texted yesterday and said they have a GT3t allocation for me if I'm still interested. They're still asking $100k over sticker. I upped my offer by $10k from last month, but still well short of $100k over. In both offers, I've offered to wire the full purchase price same day. I thought sitting on my money for several months would give them some incentive to take my offer, but no luck.
I did agree on price for a new GT3t with another dealer outside of my home state. After we agreed on price (which included ADM), I learned that they were selling me a car that had already been ordered instead of the ablility to order a car to my spec. The car was too far off from what I want, so I passed. After agreeing on price, but before learning that I was negotiating for an already ordered car and not an allocation, the GM called me to discuss payment. In order to "hide the ADM from Porsche" he wanted me to buy a used Cayenne which he would then buy back from me in 30 days for the amount I paid minus the ADM. I told him I'm happy to wire money or write a check for the ADM, and he can call the ADM whatever he wants, but I'm not buying another vehicle to hide the ADM. This does make me curious how other dealers are hiding the ADM from Porsche. Anyone care to share how their dealer got paid for ADM?
The interesting thing is both Porsche dealers I have tried to order a GT3t from tell me that if I'll pay their ADM this time, I'll be able to order GT cars at sticker in the future. I have no reason to believe they won't sell their future GT car allocations to the highest bidder in the future, just like they are today.
My salesman at Porsche South Austin texted me last month and said they have an allocation for me. I offered significantly less than $100K over sticker, but still well over sticker. The sales manager emailed me that he had a long list of buyers at $100k over. I told him I don't want to waste his time and I won't pay $100k over. He never responded, so I guess he had a higher bidder. My salesman at Porsche South Austin texted yesterday and said they have a GT3t allocation for me if I'm still interested. They're still asking $100k over sticker. I upped my offer by $10k from last month, but still well short of $100k over. In both offers, I've offered to wire the full purchase price same day. I thought sitting on my money for several months would give them some incentive to take my offer, but no luck.
I did agree on price for a new GT3t with another dealer outside of my home state. After we agreed on price (which included ADM), I learned that they were selling me a car that had already been ordered instead of the ablility to order a car to my spec. The car was too far off from what I want, so I passed. After agreeing on price, but before learning that I was negotiating for an already ordered car and not an allocation, the GM called me to discuss payment. In order to "hide the ADM from Porsche" he wanted me to buy a used Cayenne which he would then buy back from me in 30 days for the amount I paid minus the ADM. I told him I'm happy to wire money or write a check for the ADM, and he can call the ADM whatever he wants, but I'm not buying another vehicle to hide the ADM. This does make me curious how other dealers are hiding the ADM from Porsche. Anyone care to share how their dealer got paid for ADM?
The interesting thing is both Porsche dealers I have tried to order a GT3t from tell me that if I'll pay their ADM this time, I'll be able to order GT cars at sticker in the future. I have no reason to believe they won't sell their future GT car allocations to the highest bidder in the future, just like they are today.
#5644
Oh no - here we go with the stealers again haha. When you are selling a house for a client do you refuse the highest offer and/or do not allow bidding wars?
#5645
Race Car
I’d contact an Ohio dealer. I can put you in contact with two sales guys for two different dealers here. We can only get $50k in our market. If you’ll pay over that, I’m sure they can get one for you.
When I was at my dealer for service last Saturday, he said the incoming GT3T was ordered with a $50k adm.
When I was at my dealer for service last Saturday, he said the incoming GT3T was ordered with a $50k adm.
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#5647
Race Car
I’d contact an Ohio dealer. I can put you in contact with two sales guys for two different dealers here. We can only get $50k in our market. If you’ll pay over that, I’m sure they can get one for you.
When I was at my dealer for service last Saturday, he said the incoming GT3T was ordered with a $50k adm.
When I was at my dealer for service last Saturday, he said the incoming GT3T was ordered with a $50k adm.
#5649
Race Car
#5650
Instructor
What's the current ADM for a winged GT3 in HCOL (more accurately California)?
One SA said ~half of the Touring ADM, which was ~60k, but with a one to two year wait for either.
One SA said ~half of the Touring ADM, which was ~60k, but with a one to two year wait for either.
#5651
Race Car
Let's not forget that some of price increase of cars over the past 3 years is simply due to inflation, and is not simply because persistent demand is enabling manufacturers to raise prices and profit margins. From that standpoint, a physical asset like a car is somewhat of a hedge against inflation (unlike cash), but in the long run almost all of these cars will be depreciating assets if you actually drive them rather than store them in a time capsule.
That persistent demand you speak of is so massive that there are > 150 GT3s for sale on Autotrader. Nice colors, good specs, low miles.
Yeah.
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EMdoc (04-16-2023)
#5652
Burning Brakes
Your memory is poor then; it happened routinely during the 991.1 cycle of 2014-2016 and before that generation it was the norm. The fear of the last of natural aspiration primarily and internal combustion secondarily drove a whole new audience of speculators and "collectors" to this market segment which resulted in the ADM surge.
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Manifold (04-15-2023)
#5653
Your memory is poor then; it happened routinely during the 991.1 cycle of 2014-2016 and before that generation it was the norm. The fear of the last of natural aspiration primarily and internal combustion secondarily drove a whole new audience of speculators and "collectors" to this market segment which resulted in the ADM surge.
#5654
Burning Brakes
Pal? Are you kidding? Very few paid over sticker during the 2014-2016 GT3 years of 991.1 production. 997 and 996 generations dating back to 1999 would have been practically nonexistent to pay an ADM; it just wasn't a thing. The change coincided with the 2018 991.2. Stick to Fords, your knowledge of the national Porsche historical marketplace is lacking. Alternatively, you might just be from the Bay Area.
Last edited by mcsmcs1; 04-15-2023 at 01:44 AM.
#5655
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Around 2015, my dealer offered me a GT3 allocation at MSRP and I passed. A few months later, he offered me another allocation at MSRP and I took it. The following year, the same scenario played out with the GT4. It was not hard to get these cars at MSRP back then. Some discount below MSRP was probably possible, but I was ok with MSRP, so I didn’t try to negotiate.
After that, the guys who wanted to own these cars ‘for free’, but hardly drove them, came into the market and it became harder to get MSRP allocations.
After that, the guys who wanted to own these cars ‘for free’, but hardly drove them, came into the market and it became harder to get MSRP allocations.
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