911ST
#3916
Rennlist Member
Yep exactly what all the other lousy dealers (including PNH) will do. There will still be plenty “delivery miles” available at dealers for “market value” pricing. They need to figure this part out as well but I am sure Porsche has less desire to curb the dealership shenanigans. I bet it sucks to be a dealership owner that tries to do the right thing with all the other bottom feeders.
#3917
Banned
Market prices are what they are. I prefer that Porsche benefits from them fully vs the majority of the profit margin going to the dealers in the form of an ADM. Porsche should just forget MSRP, auction its allocations of high-demand cars on BaT, and sell them to the highest bidders, then pay the dealers a standard % fee for their logistics services (delivery, prep, paperwork, etc.). After aspiring flippers get burned by over-bidding in couple of auctions, they will walk away with tails between their legs, and cars will be mostly bid up by people that really want them, for driving, collecting, or both.
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Greek Car Geek (10-24-2023)
#3919
Platinum Dealership
Rennlist
Site Sponsor
Rennlist
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to the guys too lazy to read about the details that have been posted, the Money factor is very high, the same as a regular 911. nearly 10% but who knows what the rates will be when it lands. the rates have doubled in the last 18 months or so (thanks to Brandonomics and Janet)
however there is no MRM...so you can residualize the whole 330k+
it is a fixed 12 month option- you can 'one pay' it if you want, (usually saves about 50-80 bps) however you cannot get the title free and clear until you go back through the dealer/ Porsche Financial Services and they release the title.
Similar to the Ford GT program, they will have a lien on your car no matter what until that year is up. meaning you cannot list on BAT, flip through RM or another lien-phobic auction site.
the residual is 84% after one year.
This one year lease @ MSRP will cost you around 60-80k depending on how close/far over the rates are to 10% interest.
feel free to mess with the numbers to see what it looks like...
https://leasehackr.com/calculator
good luck geeks
however there is no MRM...so you can residualize the whole 330k+
it is a fixed 12 month option- you can 'one pay' it if you want, (usually saves about 50-80 bps) however you cannot get the title free and clear until you go back through the dealer/ Porsche Financial Services and they release the title.
Similar to the Ford GT program, they will have a lien on your car no matter what until that year is up. meaning you cannot list on BAT, flip through RM or another lien-phobic auction site.
the residual is 84% after one year.
This one year lease @ MSRP will cost you around 60-80k depending on how close/far over the rates are to 10% interest.
feel free to mess with the numbers to see what it looks like...
https://leasehackr.com/calculator
good luck geeks
The following 3 users liked this post by C.J. Ichiban:
#3920
I agree. however - " I prefer that Porsche benefits from them fully" is not the case with my above example of dealers flipping like PNH and a bunch others will do. Those profits are going to the private party and dealer who are flipping, NOT Porsche. I love your idea about auctioning them off to highest bidder and let the "market price" be what it is from the beginning. Or put on an super high MSRP, let the dealers start with that and then if they get the MSRP wrong the dealer can discount the car like almost every other car is sold. Then the initial purchase is already at market value and you don't have this delta between MSRP + ADM vs the guy that pays MSRP (to flip back to the dealer)
#3921
to the guys too lazy to read about the details that have been posted, the Money factor is very high, the same as a regular 911. nearly 10% but who knows what the rates will be when it lands. the rates have doubled in the last 18 months or so (thanks to Brandonomics and Janet)
however there is no MRM...so you can residualize the whole 330k+
it is a fixed 12 month option- you can 'one pay' it if you want, (usually saves about 50-80 bps) however you cannot get the title free and clear until you go back through the dealer/ Porsche Financial Services and they release the title.
Similar to the Ford GT program, they will have a lien on your car no matter what until that year is up. meaning you cannot list on BAT, flip through RM or another lien-phobic auction site.
the residual is 84% after one year.
This one year lease @ MSRP will cost you around 60-80k depending on how close/far over the rates are to 10% interest.
feel free to mess with the numbers to see what it looks like...
https://leasehackr.com/calculator
good luck geeks
however there is no MRM...so you can residualize the whole 330k+
it is a fixed 12 month option- you can 'one pay' it if you want, (usually saves about 50-80 bps) however you cannot get the title free and clear until you go back through the dealer/ Porsche Financial Services and they release the title.
Similar to the Ford GT program, they will have a lien on your car no matter what until that year is up. meaning you cannot list on BAT, flip through RM or another lien-phobic auction site.
the residual is 84% after one year.
This one year lease @ MSRP will cost you around 60-80k depending on how close/far over the rates are to 10% interest.
feel free to mess with the numbers to see what it looks like...
https://leasehackr.com/calculator
good luck geeks
The following users liked this post:
Ukkid74 (10-23-2023)
#3922
Burning Brakes
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usctrojanGT3 (10-23-2023)
#3923
#3926
Race Car
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Jbravo23 (10-24-2023)
#3927
#3928
Rennlist Member
I just got my allocation, February build, but PTS not available. Dealer may or may not get another one later in the year that maybe could be PTS so I accepted this one. Now need to choose a “normal” color lol.
The following 5 users liked this post by kyrocks:
AdamSanta85 (10-28-2023),
dreamin11 (11-03-2023),
goin2drt (10-24-2023),
usctrojanGT3 (10-24-2023),
Wilder (10-25-2023)
#3930
Rennlist Member