A place to discuss all things ADM
11-26-2023, 11:42 AM
#7576
@Targa32 ’s ADM perspective is shared by many here regardless of age, myself included. As a first time GT3 car buyer a few years ago, I wasn’t going to be naiive enough to think I could just step into the game at msrp regardless of my previous 911 purchases. I don’t trade my other cars in at -25% of FMV. So that is a nonstarter. For me time is priceless, so intead of staring from the sidelines for years, waiting for a sticker price call that would never come, I’ve been profusely enjoying this machine as spec’d by me and previously untamed by anyone else. That, folks is worth the price of ADMission, at least to me. In the same token, I don’t expect to have to pay anything above msrp on the next round and I will probably make the exception (or not) and turn this one in as is part of being a good player. Since I already bought the watch, I don’t need to get into that again either. My only regret is not having gotten into this sooner on the 991.2 series as now I want a colorful 2019 Touring to pair with this one in the stable.
PS: I still have friends that claim they are ‘on the list’ let’s just say I’m not holding my breath for them.
Do and spend what makes you happy, if you can afford it.
My $0.02
PS: I still have friends that claim they are ‘on the list’ let’s just say I’m not holding my breath for them.
Do and spend what makes you happy, if you can afford it.
My $0.02
The following 3 users liked this post by JAB12:
11-26-2023, 01:17 PM
#7577
I got a call from a salesman at a porsche dealer offering me a 911 GT3 2024 allocation. They wanted $40,000 over msrp and I had to buy a GT3 custom ordered watch with the vin number engraved - Just around $10,000. A watch is better than handing the dealer another $10,000. I had never formally asked for a GT3 allocation but the salesman has become a friend over the last three plus years and I had bought a new 992 Targa 4 and a New 2022 GTS Boxster from him. And the allocation locked the next day so I had literally around four hours to give him a build code. So I built a configuration in the Lowe’s parking lot and emailed it to him and the next morning I wired a $10,000 deposit and sure enough the build locked. He claimed it was a sudden allocation gift from Porsche but it could have been from a last minute cancellation. This dealer does not get a lot of demand for GT cars so I suspect they didn’t want to sell it from the showroom floor. This allocation was offered in Late June 2023. So from beginning to delivery of the car took only four months.
total MSRP was $199,800 - not including tax and registration. The prices on a 2024 has increased around 10%.
The car arrived at PECLA around a month ago now.
Did I pay too much? Time will tell- or at my age of 71abd undergoing quad bypass two years ago I might never find out what I could sell it for actually. So the ADM is likely to be rather mute.
I paid cash so I can sell it anytime downstream without any worry about having an equity value below my loan value.
If I sell the car at msrp someday and lose $40,000 - I really don’t. Won’t change my lifestyle any and my kids can inherit cars rather than cash.
I have heard some guys say a dealer sold them a GT3 on an allocation but not sure how truthful that is really.
In June of 2023 I believe the fair market value was just around $240,000.
the other two cars noted above were sold to me at MSRP and he told me any future non- special edition car I wanted they would sell at msrp. Luck me.
seems like 2024 GT allocations have been rather scarce.
Seems like the 2022 low mileage cars are selling on BAT in the mid-$220,000
range lately. Dealers are able to get more for this car from their showroom floor - more likely $250,000 to $260,000. BAT prices are discounted as the buyer does not get to see the car before buying and there exists some risk of wiring off a quarter of a million dollars to a stranger and hoping you get a clean title. Often the seller wants to pay off his loan and this can delay the transfer for a month or more. And don’t forget the buyer is paying thousands of additional dollars as a fee to BAT.
I tend to trade my cars into dealers for an allocation and I believe at least today I could trade in the car for around my $240,000 cost - and this would also save me paying another 10% sales tax on the new car which recovers my sales tax and registration costs. Maybe.
My friends take expensive cruise vacations that cost them $40,000 or more and that money is gone forever in several weeks time.
The GT3 is in my garage and I am enjoying just looking at it under a cover everyday and if I end up selling it to one of you guys at MSRP in a couple years - it will have been worth the cost to me. At 71 - waiting for the GT3 992 to be available at MSRP is costly as well and I would have had to buy a “used” car that could easily have been abused even if the mileage was low and that car would have unseen scars that might not know about for years.
What you have paid for the love of your life to have been a virgin on your wedding day?? To not have had some other guys sweaty hands gripping her - sweating on her on a track being asked to do another man’s bidding? $40,000 seems a cheap price for that peace of mind and she is two year’s younger and a virgin too.
At 71 - I likely would never have a chance to be a beauty like this one’s very first to listen to her scream at 9,000 rpm for the very first time…. A cheap price to pay for this one last time at my age.
total MSRP was $199,800 - not including tax and registration. The prices on a 2024 has increased around 10%.
The car arrived at PECLA around a month ago now.
Did I pay too much? Time will tell- or at my age of 71abd undergoing quad bypass two years ago I might never find out what I could sell it for actually. So the ADM is likely to be rather mute.
I paid cash so I can sell it anytime downstream without any worry about having an equity value below my loan value.
If I sell the car at msrp someday and lose $40,000 - I really don’t. Won’t change my lifestyle any and my kids can inherit cars rather than cash.
I have heard some guys say a dealer sold them a GT3 on an allocation but not sure how truthful that is really.
In June of 2023 I believe the fair market value was just around $240,000.
the other two cars noted above were sold to me at MSRP and he told me any future non- special edition car I wanted they would sell at msrp. Luck me.
seems like 2024 GT allocations have been rather scarce.
Seems like the 2022 low mileage cars are selling on BAT in the mid-$220,000
range lately. Dealers are able to get more for this car from their showroom floor - more likely $250,000 to $260,000. BAT prices are discounted as the buyer does not get to see the car before buying and there exists some risk of wiring off a quarter of a million dollars to a stranger and hoping you get a clean title. Often the seller wants to pay off his loan and this can delay the transfer for a month or more. And don’t forget the buyer is paying thousands of additional dollars as a fee to BAT.
I tend to trade my cars into dealers for an allocation and I believe at least today I could trade in the car for around my $240,000 cost - and this would also save me paying another 10% sales tax on the new car which recovers my sales tax and registration costs. Maybe.
My friends take expensive cruise vacations that cost them $40,000 or more and that money is gone forever in several weeks time.
The GT3 is in my garage and I am enjoying just looking at it under a cover everyday and if I end up selling it to one of you guys at MSRP in a couple years - it will have been worth the cost to me. At 71 - waiting for the GT3 992 to be available at MSRP is costly as well and I would have had to buy a “used” car that could easily have been abused even if the mileage was low and that car would have unseen scars that might not know about for years.
What you have paid for the love of your life to have been a virgin on your wedding day?? To not have had some other guys sweaty hands gripping her - sweating on her on a track being asked to do another man’s bidding? $40,000 seems a cheap price for that peace of mind and she is two year’s younger and a virgin too.
At 71 - I likely would never have a chance to be a beauty like this one’s very first to listen to her scream at 9,000 rpm for the very first time…. A cheap price to pay for this one last time at my age.
Have fun in good health.. so glad you posted today.
The following 6 users liked this post by neoprufrok:
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IRunalot (11-26-2023),
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mass27 (11-26-2023),
and 1 others liked this post.
11-26-2023, 01:31 PM
#7578
Finally this thread has real value 
11-26-2023, 01:38 PM
#7579
Got some bad news, bro. If you didn't build her, you weren't the first. She probably hit 9000 coming off the boat.
11-26-2023, 02:15 PM
#7580
Race Car
The following 2 users liked this post by shrimp money:
Diablo Dude (11-26-2023),
Joe mac (11-26-2023)
11-26-2023, 02:26 PM
#7581
Good point, it's up to the lot boy at the dealer (the one who always returns your car with the radio tuned to the local rap station) to break 'er in right.
She'll always remember the lot boy.
She'll always remember the lot boy.
11-26-2023, 02:31 PM
#7582
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,286
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Let’s be honest. The reason why this thread exists is that people care about price and value and depreciation - even many people who say they don’t care (hence reading and posting in this thread).
The following users liked this post:
Randy M (11-26-2023)
11-26-2023, 02:34 PM
#7583
11-26-2023, 02:36 PM
#7584
I would suggest that this thread exists because several posters just like to "hear" themselves talk.
I've come to use the thread as a contrary "indicator" for the hundreds of posts about the impending Recession. This thread is an exceptional "indicator" and one that fits the slogan that I've come to embrace after 40 years in the financial markets.
What is obvious.
Is obviously wrong.
Last edited by Diablo Dude; 11-26-2023 at 02:44 PM.
The following users liked this post:
RUF RS (11-28-2023)
11-26-2023, 02:47 PM
#7585
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,286
Received 4,472 Likes
on
2,547 Posts
I disagree.
I would suggest that this thread exists because several posters just like to "hear" themselves talk.
I've come to use the thread as a contrary "indicator" for the hundreds of posts about the impending Recession. This thread is an exceptional "indicator" and one that fits the slogan that I've come to embrace after 40 years in the financial markets.
What is obvious.
Is obviously wrong.
I would suggest that this thread exists because several posters just like to "hear" themselves talk.
I've come to use the thread as a contrary "indicator" for the hundreds of posts about the impending Recession. This thread is an exceptional "indicator" and one that fits the slogan that I've come to embrace after 40 years in the financial markets.
What is obvious.
Is obviously wrong.
11-26-2023, 02:51 PM
#7586
I disagree.
I would suggest that this thread exists because several posters just like to "hear" themselves talk.
I've come to use the thread as a contrary "indicator" for the hundreds of posts about the impending Recession. This thread is an exceptional "indicator" and one that fits the slogan that I've come to embrace after 40 years in the financial markets.
What is obvious.
Is obviously wrong.
I would suggest that this thread exists because several posters just like to "hear" themselves talk.
I've come to use the thread as a contrary "indicator" for the hundreds of posts about the impending Recession. This thread is an exceptional "indicator" and one that fits the slogan that I've come to embrace after 40 years in the financial markets.
What is obvious.
Is obviously wrong.
So funny, Diablo. Comic relief is exactly my reason for being here. I mentioned watching Hallmark and Bachelor with my wife - not for the learning for sure. Mostly for the crash course in humanity, which is the case with so many on RL. The melting pot of life...
11-26-2023, 02:58 PM
#7587
That's amazing that some GT3s have been listed for sale for a year and longer, talk about stubborn sellers. You'd think that dealers have higher floor line interest rates would want to cut bait and move on but maybe they just can't stomach taking a loss on flipping a GT3.
Maybe you've just been completely wrong about what a dealer's carrying cost is.
11-26-2023, 03:23 PM
#7588
This thread is the official chat room of this sub forum. Entertainment purposes only
Last edited by PTS; 11-26-2023 at 03:29 PM.
The following users liked this post:
AlexCeres (11-26-2023)
11-26-2023, 03:50 PM
#7589
RL Community Team
Rennlist Member
Rennlist Member
I got a call from a salesman at a porsche dealer offering me a 911 GT3 2024 allocation. They wanted $40,000 over msrp and I had to buy a GT3 custom ordered watch with the vin number engraved - Just around $10,000. A watch is better than handing the dealer another $10,000. I had never formally asked for a GT3 allocation but the salesman has become a friend over the last three plus years and I had bought a new 992 Targa 4 and a New 2022 GTS Boxster from him. And the allocation locked the next day so I had literally around four hours to give him a build code. So I built a configuration in the Lowe’s parking lot and emailed it to him and the next morning I wired a $10,000 deposit and sure enough the build locked. He claimed it was a sudden allocation gift from Porsche but it could have been from a last minute cancellation. This dealer does not get a lot of demand for GT cars so I suspect they didn’t want to sell it from the showroom floor. This allocation was offered in Late June 2023. So from beginning to delivery of the car took only four months.
total MSRP was $199,800 - not including tax and registration. The prices on a 2024 has increased around 10%.
The car arrived at PECLA around a month ago now.
Did I pay too much? Time will tell- or at my age of 71abd undergoing quad bypass two years ago I might never find out what I could sell it for actually. So the ADM is likely to be rather mute.
I paid cash so I can sell it anytime downstream without any worry about having an equity value below my loan value.
If I sell the car at msrp someday and lose $40,000 - I really don’t. Won’t change my lifestyle any and my kids can inherit cars rather than cash.
I have heard some guys say a dealer sold them a GT3 on an allocation but not sure how truthful that is really.
In June of 2023 I believe the fair market value was just around $240,000.
the other two cars noted above were sold to me at MSRP and he told me any future non- special edition car I wanted they would sell at msrp. Luck me.
seems like 2024 GT allocations have been rather scarce.
Seems like the 2022 low mileage cars are selling on BAT in the mid-$220,000
range lately. Dealers are able to get more for this car from their showroom floor - more likely $250,000 to $260,000. BAT prices are discounted as the buyer does not get to see the car before buying and there exists some risk of wiring off a quarter of a million dollars to a stranger and hoping you get a clean title. Often the seller wants to pay off his loan and this can delay the transfer for a month or more. And don’t forget the buyer is paying thousands of additional dollars as a fee to BAT.
I tend to trade my cars into dealers for an allocation and I believe at least today I could trade in the car for around my $240,000 cost - and this would also save me paying another 10% sales tax on the new car which recovers my sales tax and registration costs. Maybe.
My friends take expensive cruise vacations that cost them $40,000 or more and that money is gone forever in several weeks time.
The GT3 is in my garage and I am enjoying just looking at it under a cover everyday and if I end up selling it to one of you guys at MSRP in a couple years - it will have been worth the cost to me. At 71 - waiting for the GT3 992 to be available at MSRP is costly as well and I would have had to buy a “used” car that could easily have been abused even if the mileage was low and that car would have unseen scars that might not know about for years.
What you have paid for the love of your life to have been a virgin on your wedding day?? To not have had some other guys sweaty hands gripping her - sweating on her on a track being asked to do another man’s bidding? $40,000 seems a cheap price for that peace of mind and she is two year’s younger and a virgin too.
At 71 - I likely would never have a chance to be a beauty like this one’s very first to listen to her scream at 9,000 rpm for the very first time…. A cheap price to pay for this one last time at my age.
total MSRP was $199,800 - not including tax and registration. The prices on a 2024 has increased around 10%.
The car arrived at PECLA around a month ago now.
Did I pay too much? Time will tell- or at my age of 71abd undergoing quad bypass two years ago I might never find out what I could sell it for actually. So the ADM is likely to be rather mute.
I paid cash so I can sell it anytime downstream without any worry about having an equity value below my loan value.
If I sell the car at msrp someday and lose $40,000 - I really don’t. Won’t change my lifestyle any and my kids can inherit cars rather than cash.
I have heard some guys say a dealer sold them a GT3 on an allocation but not sure how truthful that is really.
In June of 2023 I believe the fair market value was just around $240,000.
the other two cars noted above were sold to me at MSRP and he told me any future non- special edition car I wanted they would sell at msrp. Luck me.
seems like 2024 GT allocations have been rather scarce.
Seems like the 2022 low mileage cars are selling on BAT in the mid-$220,000
range lately. Dealers are able to get more for this car from their showroom floor - more likely $250,000 to $260,000. BAT prices are discounted as the buyer does not get to see the car before buying and there exists some risk of wiring off a quarter of a million dollars to a stranger and hoping you get a clean title. Often the seller wants to pay off his loan and this can delay the transfer for a month or more. And don’t forget the buyer is paying thousands of additional dollars as a fee to BAT.
I tend to trade my cars into dealers for an allocation and I believe at least today I could trade in the car for around my $240,000 cost - and this would also save me paying another 10% sales tax on the new car which recovers my sales tax and registration costs. Maybe.
My friends take expensive cruise vacations that cost them $40,000 or more and that money is gone forever in several weeks time.
The GT3 is in my garage and I am enjoying just looking at it under a cover everyday and if I end up selling it to one of you guys at MSRP in a couple years - it will have been worth the cost to me. At 71 - waiting for the GT3 992 to be available at MSRP is costly as well and I would have had to buy a “used” car that could easily have been abused even if the mileage was low and that car would have unseen scars that might not know about for years.
What you have paid for the love of your life to have been a virgin on your wedding day?? To not have had some other guys sweaty hands gripping her - sweating on her on a track being asked to do another man’s bidding? $40,000 seems a cheap price for that peace of mind and she is two year’s younger and a virgin too.
At 71 - I likely would never have a chance to be a beauty like this one’s very first to listen to her scream at 9,000 rpm for the very first time…. A cheap price to pay for this one last time at my age.
You're essentially the personification of the adage, with age comes wisdom.
Well done, enjoy her in good health.
The following 2 users liked this post by ipse dixit:
EMdoc (11-27-2023),
neoprufrok (11-27-2023)
11-26-2023, 04:44 PM
#7590
