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the stats go like this. I have owned nine Porsches. Five of which have been GT Porsches including a GT2RS and two recent GT3's. Yes I have paid ADM on several of these cars. Maybe total $1.5 mil. Hold on average 3 to 5 years. Total cumulative depreciation to date less than $110k or approximately 7%.
In my mind spending $100 +/- k to own nine Porsches and drive lots of miles over 18 years, Best bargain ever! you guys have no idea how well Porsches compare to bad investments, or loose women, or big life mistakes! get a grip for goodness sakes....
Is there no losses from taxes? This would tough to replicate in CA without Montana reg or doing something else.
There’s nothing wrong with discussing money aspects in connection with Porsches.
Obviously, money matters - that’s why the cars have the prices they do, rather than prices 50% or 100% more.
It’s not a thing where either you want a car and don’t care about the price vs you shouldn’t buy a car if you care about the price. You can buy a car you want AND care about the price, depreciation, etc.
Got some interesting data from my dealer a few days ago.
They're a mid sized MSRP dealer, and there are about 10 non-VIP customers vying to get the special cars like GT cars. Nobody gets everything they want, the dealer tries to spread the love and keep everyone reasonably happy.
There's a gentlemen's agreement that you won't flip the cars. If you want to sell it, you sell it back to the dealer at MSRP, or lower if the market value is lower. So if the car is worth a lot more than MSRP, it would make sense to put miles on the car and bring the value down to MSRP before you contemplate a trade in.
Out of all of their customers, only repeat customers whose driving they trust are allowed to take any of the cars for a test drive without a SA in the car. Only about 7 customers meet those criteria. Most of the people who test drive the cars aren't particularly good drivers, and many of them are nervous when they test drive the cars, so the SA usually drives the car first.
I suspect that the RL crowd is not representative of the people who walk in the door at Porsche dealerships.
Got some interesting data from my dealer a few days ago.
They're a mid sized MSRP dealer, and there are about 10 non-VIP customers vying to get the special cars like GT cars. Nobody gets everything they want, the dealer tries to spread the love and keep everyone reasonably happy.
There's a gentlemen's agreement that you won't flip the cars. If you want to sell it, you sell it back to the dealer at MSRP, or lower if the market value is lower. So if the car is worth a lot more than MSRP, it would make sense to put miles on the car and bring the value down to MSRP before you contemplate a trade in.
Out of all of their customers, only repeat customers whose driving they trust are allowed to take any of the cars for a test drive without a SA in the car. Only about 7 customers meet those criteria. Most of the people who test drive the cars aren't particularly good drivers, and many of them are nervous when they test drive the cars, so the SA usually drives the car first.
I suspect that the RL crowd is not representative of the people who walk in the door at Porsche dealerships.
I suspect that are dozens of dealers like yours. If I lived within 50 miles of my dealer, I'd drop by at least a few times a month to chat and see what cool cars they got in. So I make sure to fly out to see them whenever I get a GT car come in to thank them. I also didn't get all 3 GT cars that I wanted to get because the GM told me the same thing as your dealer did, they want to spread the wealth as much as I can. They had me give them a ranking of the GT cars that I wanted when I talked to them back in 2021...1) GT4RS, 2) Touring, and 3) GT3RS. Sure I didn't get a GT3RS allocation but I got the first 2 in PTS so I'm a happy camper. The GM did tell me that I'll get a .2GT3RS so I'm happy.
People follow auctions of cars they're not bidding on? I don't even know what "hammered" means.
When the auctioneer drops his gavel at the podium and the auction ends, it's called the "hammer" price.
I'm shocked that you are unaware of this. Kind of like how you were unaware of how many miles the 'break-in" was for the GT3 given how much time you spend in this forum.
I was watching the auction because the car came out of my dealership and I'm aware that the dealer is not happy.
But flippers gonna flip!
Last edited by Diablo Dude; 10-04-2023 at 03:09 PM.
09-27-2023, 03:50 AM
