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Not in my area, I see way more 991s including GT3s and Turbos than I do Lambos or Ferraris. I think we can all agree that in terms of prestige Porsches are one notch below Ferrari and Lambo, those cars are the next level up and why they are priced higher.
Probably in just about every area. Way more 911 are produced than exotics. The only 911s that draw any really attention are the ones with prominent wings, vents, decals, bright colors, etc.
Small sample size, but I have actually seen more McLaren's and Ferrari's here in the Bay Area than 992 GT3's.
And I have yet to see another Touring in person in the area.
Not in my area, I see way more 991s including GT3s and Turbos than I do Lambos or Ferraris. I think we can all agree that in terms of prestige Porsches are one notch below Ferrari and Lambo, those cars are the next level up and why they are priced higher.
The STO, 458s, 488s, F8s, Huracans, are a dime a dozen, 911s.... not so much. Thats why I like them. Not because they are daily cars that can be tracked.
i don't know what the programs for S/T will be, but I leased my Touring, so I'm somewhat familiar with how PFS leases work.
Max LTV is 110%. I imagine anyone paying ADM will have to put that money as down payment upfront. Porsche can add a clause in the contract to make a buyout not possible for 12 months (Tesla doesn't let you buy out their leases at all). I imagine some people will do a single-pay lease, where the money factor is a little less.
It's smart. PFS makes interest $; it's harder to flip a S/T; and only people with the real means to afford this car + ADM + monthly payments will get them. Not just a random flipper looking to make one lease payment then dump the car.
Do we know the residual on the S/T? Or is it a lease for the full $300k+
Lease will be based off MSRP, then ADM will likely be added as part of agreed upon purchase price after lease is up, ei residual plus ADM
Originally Posted by usctrojanGT3
Wait, so the dealer will add ADM after the lease is up on the buyout? If that's the case then whoever gets the car just pays the regular lease for a year and then punt the car back to the dealer if they want too high of an ADM after the lease is up after racking up some good miles.
But dealers are not involved with lease buyouts/payoffs...those transactions are directly with PFS. Unless there is something unique about the S/T program.
I thought the lease details via PFS/PCNA document is determined and don't some people have that document?
I still don't think this program prevents ADM or is akin to a cash grab by Porsche, rather a holding period that prevents title transfer and flipping for 12 months.
I hate to pop your cherry on this fact...I'm exactly what Porsche wants. Someone who's young, has liquid income, drives the cars, and only wants highline cars. Thats what they car about is moving units it low volume to those who seek them regardless of price.
The old mans Porsche world is dead. Sorry just facts.
Having done over a million in transactions with my dealer in just a year and having no need for TRT yet, and having hit my midlife crisis in my early 20's.... my dealer knows that I'll keep giving them business as long as the brand keeps pushing the envelope with cars reasonably priced and not something you see all the time.
The STO, 458s, 488s, F8s, Huracans, are a dime a dozen, 911s.... not so much. Thats why I like them. Not because they are daily cars that can be tracked.
This posts makes so many of your other ones make sense now.
They will just stop making as many base Carrera's. The end result is the same. Production slots are valuable, you leave money on the table when you build a base vs a GT car, a Turbo S, or a special. I'd wager base Carrera production numbers as a percentage have been trending down over the last few years. If anyone has that info it'd be interesting.
There's a supply/demand dance that Porsche has to make. (And they are super successful at it) The reason why GT cars pull so much profit is because of the rarity and desirability. If they could flip a switch and double or triple production of GT cars, and all of a sudden anyone could walk in and buy one, the resale and flippability would disappear and majority of buyers would too. The only reason we entertain a $300k ST is because we think it won't lose value. Build too many...and the whole house of cards falls. They need to continue to make less GT cars than there is demand for them, that's the only way they can continue to create scarcity, raise prices and rake in large profits
Look at PS5s and Xboxes and other hyped products like Swatch X Omega moonswatch. When there was little production, lots of flippers stood in line to buy and then hoard, and create a mini market for 100% over MSRP. Once supply caught up, flippers disappeared and secondary market prices collapsed, and you can find them easily on shelves at any retailer for a discount.
Wait, so the dealer will add ADM after the lease is up on the buyout? If that's the case then whoever gets the car just pays the regular lease for a year and then punt the car back to the dealer if they want too high of an ADM after the lease is up after racking up some good miles.
That's why they force you to return the lease to the selling dealer and they add market adjustment.
Originally Posted by usctrojanGT3
Not in my area, I see way more 991s including GT3s and Turbos than I do Lambos or Ferraris. I think we can all agree that in terms of prestige Porsches are one notch below Ferrari and Lambo, those cars are the next level up and why they are priced higher.
In Houston Lambos and Ferraris are very common. The ONLY thing that Lambo and the prancing horse have over Porsche is the illusion of performance.
So what are people thinking in terms of builds? I'm not in love with any of the standard colors but I guess Shade Green would be interesting. Also not in love with paying $20k for PTS. Here are my top 4 so far. interior is black and pretty standard, not a fan of brown leather for a sports car.
10-04-2023, 02:57 PM
