EMdoc

Basically my situation. Car is a keeper that I got to spec to perfection (to me).

Targa32

My dealer has a number of S/T’s and sport classics and Dakars sitting in their back showroom that are owned by the 918 VIP guys - they buy them at msrp and just let them sit in the showroom for a year and then let the dealer sell them for a profit.

michaeldorian

This is disgusting. I don’t know about others but it’s really tarnishing the brand for me. I’m surprise other car makers don’t see this type of success and create some alternatives. Make a few NA models with manuals and see what happens.

After experiencing the buying process of Tesla, it really makes you think how crappy the dealer model is. Makes me not even want to participate. I have car friends who got their first Tesla and describe what a breath of fresh air it is to buy a car this way. These days, dealers are acting like they are doing you a favor taking your hard earned money when it should be the other way around.

Oh well it is what it is.

PTS

Because they won't be nearly as good as a GT3/S/T...Porsche has been perfecting this recipe for decades. Other brands would essentially be starting from scratch

pitt911

agree 100 %
my dealer sold their two 3RS allocations for 75 K ADM , and my understanding is both guys are trying to flip their cars for a profit
but they are realizing that after taxes and PPF" TO PROTECT YOUR INVESTMENT" this a losing game , and unless they unload quickly for a minimal loss , they are going to get slaughtered

PTS

I despise that this is happening but if their ADMs were only $75k they will not be getting slaughtered if trying to sell now. Non-weissach cars with 5k miles selling for $140k over

Targa32

I was also told this 918 VIP deal was created when Porsche could not sell those cars back then and offered a deal that gave the buyer msrp on their choice of car for ten years - or some details like that. And the time period is getting close to the end so these vip guys will no longer be able to buy any new model at msrp. The story was that Porsche regrets making this deal and they won’t ever do this again. Back then you could buy most of the standard models at msrp or for even a small discount so this “deal” did not seem that crazy. All to try and find buyers for a model now worth millions.

sechsgang

Your dealer has a number of S/T's already??? But yes, its true with the others at many of the dealers for sure.

Diablo Dude

Very old news.

Diablo Dude

Cool story.
The S/T hasn't even been delivered to anyone in the United States yet.

JAB12

"The Deal" ends next year, and both Porsche dealers I work with cannot wait for it to officially end.

Larson E. Rapp

That's my understanding as well with regard to the 918 VIP premium arrangement, but one thing I don't get is this: any such VIP deal is between Porsche and the 918 buyer. Where does the dealer fit into the picture?

The dealer didn't promise to sell 10 years' worth of GT cars for MSRP to anyone, Porsche did that. What obligation does the dealer have to back up Porsche's commitment? Or, when someone takes advantage of the VIP deal, is Porsche forced to pay whatever arbitrary ADM the dealer chooses to tack on?

If so, then yeah, that was a pretty terrible deal for Porsche. They must have been truly desperate to unload those 918s.

JAB12

Dealers are in on it as the msrp cars promised still need to be sold through the dealer. Also, the VIP needs to honor the allocations so that was basically 10 years of guaranteed sales of numerous cars to certain individuals at whatever msrp retail margins the dealers normally make. If a VIP renegs on a particular offering they lose their status. The smarter VIPs just established back door deals with their dealer, hence the specialty cars found at some dealers with no miles just waiting for their just date to be sold at arbitrary ADMs. I don't blame either party. That is the beauty of capitalism. Most of us would've taken the deal back in 2015. Especially as the 918 has progressively increased in price, whatever has been spent in prior GT cars, speedsters etc. is offset by the valuation of 1 car. That is almost a no brainer, assuming the original VIP still owns the 918 spyder.

PTS

I'm not sure the 918 VIPs were required to purchase any car they didn't want to purchase. Maybe one of them can chime in. @unotaz

pitt911

I specifically mentioned that if they can't sell now , they will be slaughtered
car is 325 k plus 75k ADM = 400 k
7% tax plus dealer fees call that 30 K
PPF 7-10 K
so total is roughly 440 K
so to me even now it is a difficult sell .Lucky to break even or minimal loss , and they have to sell retail rather than whole sale to a dealer , as no dealer will pay 440 k for a 3RS .
and as more cars arrive and prices go down , and I know you believe that this will not happen from the gest of your posts , there is a good chance that they will take a big hit