Notices
992 GT3 and GT2RS Forum 2019-Current
Sponsored by:
Sponsored by:

911ST

Thread Tools
 
Search this Thread
 
Old 10-23-2023, 07:08 AM
  #3916  
hf1
Rennlist Member
 
hf1's Avatar
 
Join Date: Apr 2012
Location: Northeast
Posts: 10,392
Likes: 0
Received 1,639 Likes on 1,122 Posts
Default

Originally Posted by goin2drt
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.
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.
Old 10-23-2023, 07:19 AM
  #3917  
goin2drt
Banned
 
goin2drt's Avatar
 
Join Date: Mar 2015
Location: Kentucky
Posts: 3,755
Received 745 Likes on 404 Posts
Default

Originally Posted by hf1
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.
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)
Old 10-23-2023, 09:01 AM
  #3918  
white6speed
Rennlist Member
 
white6speed's Avatar
 
Join Date: Jan 2016
Posts: 1,551
Received 192 Likes on 112 Posts
Default New lease

To my knowledge the actual specifics of the special lease for the S/T have not been released

Last edited by white6speed; 10-23-2023 at 12:56 PM.
The following users liked this post:
Greek Car Geek (10-24-2023)
Old 10-23-2023, 02:49 PM
  #3919  
C.J. Ichiban
Platinum Dealership
Rennlist
Site Sponsor

 
C.J. Ichiban's Avatar
 
Join Date: Sep 2005
Location: Exit Row seats
Posts: 9,802
Received 2,276 Likes on 612 Posts
Default

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
The following 3 users liked this post by C.J. Ichiban:
goin2drt (10-23-2023), Mech33 (10-23-2023), neoprufrok (11-18-2023)
Old 10-23-2023, 03:55 PM
  #3920  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,639
Received 4,039 Likes on 2,302 Posts
Default

Originally Posted by goin2drt
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)
Dude, chill out with the PNH bashing. Have you ever done business with them? I doubt you have and I've been doing business with them for 7 years now so I think I better than you what kind of dealer they are.
Old 10-23-2023, 03:57 PM
  #3921  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,639
Received 4,039 Likes on 2,302 Posts
Default

Originally Posted by C.J. Ichiban
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
I wonder if PFS will in any way not approve leases to the serial flippers.
The following users liked this post:
Ukkid74 (10-23-2023)
Old 10-23-2023, 04:14 PM
  #3922  
DodoBrd
Burning Brakes
 
DodoBrd's Avatar
 
Join Date: Jun 2022
Location: Frisco, TX
Posts: 1,033
Received 919 Likes on 445 Posts
Default

Originally Posted by usctrojanGT3
I wonder if PFS will in any way not approve leases to the serial flippers.
I’m waiting to see the S/Ts posted up on Swapalease.com haha. With a ‘$200k transfer fee’
The following users liked this post:
usctrojanGT3 (10-23-2023)
Old 10-23-2023, 08:10 PM
  #3923  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,639
Received 4,039 Likes on 2,302 Posts
Default

Originally Posted by DodoBrd
I’m waiting to see the S/Ts posted up on Swapalease.com haha. With a ‘$200k transfer fee’
That's be classic....
Old 10-23-2023, 09:43 PM
  #3924  
Spyder718
Racer
 
Spyder718's Avatar
 
Join Date: Jan 2021
Location: North Carolina, USA
Posts: 297
Received 311 Likes on 136 Posts
Default

Just a curious question to anyone who knows. There are 9 S/T registered in the US. Who has these cars? Are they owned by PCNA or super VIPs?
Old 10-23-2023, 09:52 PM
  #3925  
cooler2442
Rennlist Member
 
cooler2442's Avatar
 
Join Date: Jun 2018
Location: Los Angeles
Posts: 2,409
Received 1,512 Likes on 808 Posts
Default

Originally Posted by Spyder718
Just a curious question to anyone who knows. There are 9 S/T registered in the US. Who has these cars? Are they owned by PCNA or super VIPs?
Combination of press, corporate and executive cars. The 918 VIP’s I know only just submitted their builds.
The following users liked this post:
Spyder718 (10-23-2023)
Old 10-23-2023, 10:12 PM
  #3926  
Diablo Dude
Race Car
 
Diablo Dude's Avatar
 
Join Date: Sep 2016
Location: California
Posts: 4,103
Received 2,247 Likes on 1,258 Posts
Default

Originally Posted by usctrojanGT3
Dude, chill out with the PNH bashing. Have you ever done business with them? I doubt you have and I've been doing business with them for 7 years now so I think I better than you what kind of dealer they are.
Stealerships gonna steal.

The following users liked this post:
Jbravo23 (10-24-2023)
Old 10-23-2023, 10:13 PM
  #3927  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,639
Received 4,039 Likes on 2,302 Posts
Default

Originally Posted by Diablo Dude
Stealerships gonna steal.
They sure do, especially the CA stealerships who know how to do it best.
Old 10-24-2023, 03:03 AM
  #3928  
kyrocks
Rennlist Member
 
kyrocks's Avatar
 
Join Date: Oct 2010
Location: Cyprus and USA
Posts: 4,648
Received 407 Likes on 211 Posts
Default

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)
Old 10-24-2023, 03:38 AM
  #3929  
Greek Car Geek
Rennlist Member
 
Greek Car Geek's Avatar
 
Join Date: Aug 2023
Posts: 150
Received 131 Likes on 55 Posts
Default

Originally Posted by kyrocks
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.
Congrats!🍾
The following users liked this post:
kyrocks (10-25-2023)
Old 10-24-2023, 03:42 AM
  #3930  
Alan Smithee
Rennlist Member
 
Alan Smithee's Avatar
 
Join Date: Feb 2004
Location: Los Angeles
Posts: 5,296
Received 295 Likes on 146 Posts
Default

Originally Posted by C.J. Ichiban
to the guys too lazy to read about the details that have been posted…
Thank you, CJ. One more question…are there any restrictions on transaction price, or is the sky the limit for ADMs?


Quick Reply: 911ST



All times are GMT -3. The time now is 12:48 PM.