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10-13-2023, 08:54 AM
#7172
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10-13-2023, 11:05 AM
#7174
Advanced
Drive them!!!
That's the best part, I have a 992 RS and 3800 miles on it already.
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10-13-2023, 11:19 AM
#7175
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I didn't know deliveries were going out that far. But since there will be a MY 24 car, I guess it makes sense. So much for the 'no more allocations' story from many months ago. Only Porsche knows if there will be more allocations, and they only know when they decide (and they can change their mind).
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10-13-2023, 11:24 AM
#7176
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Obviously I'm in a different market but I paid the equivalent of 800K+ USD for my GT3 here. That's retail + taxes, no markup. It's a huge amount of money for me, and I don't see myself ever doing this again, but this was sort of fulfilling a lifelong dream (maybe a midlife crisis?).
I think I do have a psychological barrier at 7 figures but this still feels a little bit insane to me and I have to make sure I'm not dreaming some days. Objectively I don't think the car is worth nearly that much, but every time I get in and start the car and go for a drive I can't say I regret it even a little bit. The older I get and the more I see, the more I feel like life is just too short sometimes, if you can afford it just do it.
I think I do have a psychological barrier at 7 figures but this still feels a little bit insane to me and I have to make sure I'm not dreaming some days. Objectively I don't think the car is worth nearly that much, but every time I get in and start the car and go for a drive I can't say I regret it even a little bit. The older I get and the more I see, the more I feel like life is just too short sometimes, if you can afford it just do it.
I understand the bolded part. Lost my mother to cancer when she was 67, and I was 40 at the time; that changed my perspective on things, made me realize how short life can be and how the lights can go out without much warning. Many of us get to a point where we feel we have more money than time, and time never comes back, so it can make sense to loosen the purse strings and spend some of that money on indulgences and things that we wanted since we were young. I don't believe that material things are a key to happiness, but they can help.
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10-13-2023, 02:30 PM
#7177
Rennlist Member
Amen Manifold, lost my mother to cancer at 43 when I was 22. That is in my head forever. Now I think the best way to look at the financial dilemma with respect to Porsche ownership, this is fundamentally a portfolio allocation decision. Most everyone owns: real estate, a home, boat and or recreational equipment, a retirement plan, savings and investments, gold, art and collectibles, life insurance and various other assets. What is reasonable amount or percentage to allocate to high value cars? Very personal question. Maybe 3% or 5% or 10% or 15% or more is good based on one's circumstances. Consider long term value and liquidity needs. No these assets are not growth type assets. Appreciate but mostly depreciate slowly. My view is the Porsches and particular GT cars have very little downside risk. My GT3 has performed better than my bond portfolio in the last three years! Damn sure know which one is more fun....Maybe the Porsche part of your portfolio is a stabilizing type asset it will hold up under market uncertainty. if you check out believe me your heirs will not hate you for the Porsche part of your estate.
So how much of your total assets is comfortable to invest in Porsche GT cars? It should be not terribly hard to run that personal calculus.
And sure the guys who are buying the $1.3 mil Singers are not likely hitting the 5% threshold my guess.
Go see your personal Porsche Financial Planner...
So how much of your total assets is comfortable to invest in Porsche GT cars? It should be not terribly hard to run that personal calculus.
And sure the guys who are buying the $1.3 mil Singers are not likely hitting the 5% threshold my guess.
Go see your personal Porsche Financial Planner...
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10-13-2023, 04:26 PM
#7178
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Amen Manifold, lost my mother to cancer at 43 when I was 22. That is in my head forever. Now I think the best way to look at the financial dilemma with respect to Porsche ownership, this is fundamentally a portfolio allocation decision. Most everyone owns: real estate, a home, boat and or recreational equipment, a retirement plan, savings and investments, gold, art and collectibles, life insurance and various other assets. What is reasonable amount or percentage to allocate to high value cars? Very personal question. Maybe 3% or 5% or 10% or 15% or more is good based on one's circumstances. Consider long term value and liquidity needs. No these assets are not growth type assets. Appreciate but mostly depreciate slowly. My view is the Porsches and particular GT cars have very little downside risk. My GT3 has performed better than my bond portfolio in the last three years! Damn sure know which one is more fun....Maybe the Porsche part of your portfolio is a stabilizing type asset it will hold up under market uncertainty. if you check out believe me your heirs will not hate you for the Porsche part of your estate.
So how much of your total assets is comfortable to invest in Porsche GT cars? It should be not terribly hard to run that personal calculus.
And sure the guys who are buying the $1.3 mil Singers are not likely hitting the 5% threshold my guess.
Go see your personal Porsche Financial Planner...
So how much of your total assets is comfortable to invest in Porsche GT cars? It should be not terribly hard to run that personal calculus.
And sure the guys who are buying the $1.3 mil Singers are not likely hitting the 5% threshold my guess.
Go see your personal Porsche Financial Planner...
10-13-2023, 05:05 PM
#7179
10-14-2023, 07:05 PM
#7180
Race Car
It's just overflow of 718 production being added to a different plant. They're still going to be produced in the same line with 911s in Zuffenhausen. Unless there's a newer article somewhere with new info.
10-15-2023, 09:46 AM
#7181
Some notes from CAR magazine on the predicted future of the 911:
- Production capacity for 911 is increasing by up to 15k units per year starting this fall (current capacity is about 40k units), covering the entire model range (lower end models are not going away)
- Facelifted 992.2 arrives early next year
- All-electric 983 Cayman coming in 2025
- Next GT2 RS will be hybrid and arrives in 2026
- GT3 will stay NA through 2028 and power will not significantly increase, then replaced with high-revving twin-turbo cars (I assume still called GT3)
- 994 will arrive in 2028 and will remain ICE and displacement will increase
- 911 will go all-electric in 2032 with the 998 series
- Porsche is developing CO2-neutral fuels which will keep ICE 911s going well into the 2030s
- Production capacity for 911 is increasing by up to 15k units per year starting this fall (current capacity is about 40k units), covering the entire model range (lower end models are not going away)
- Facelifted 992.2 arrives early next year
- All-electric 983 Cayman coming in 2025
- Next GT2 RS will be hybrid and arrives in 2026
- GT3 will stay NA through 2028 and power will not significantly increase, then replaced with high-revving twin-turbo cars (I assume still called GT3)
- 994 will arrive in 2028 and will remain ICE and displacement will increase
- 911 will go all-electric in 2032 with the 998 series
- Porsche is developing CO2-neutral fuels which will keep ICE 911s going well into the 2030s
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10-15-2023, 09:50 AM
#7182
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10-15-2023, 06:36 PM
#7184
10-15-2023, 06:43 PM
#7185
i think porsche initial plan was to end gt3 production with my23, but supply issues with carbon parts for the gt3rs led them to allocate buckets originally intended for the gt3rs to buckets for gt3's and turbo s during 2023 (both my23 and my24)
additionally, porsche is now cranking out cars. through 9/30, they delivered 38,789 911's, nearly an entire years production in 3 quarters, including the summer break
additionally, porsche is now cranking out cars. through 9/30, they delivered 38,789 911's, nearly an entire years production in 3 quarters, including the summer break
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WCGhost (10-15-2023)