How much ADM is too much?
#16
Lots of big life pontification on these types of threads when the OP really just wants numbers. So @bigbporscheguy I've been keeping a close eye as I'm completing the deal on my 2024 right now. I have seen a sudden and sharp downturn on BaT on closing prices and even auctions publicly not closing/withdrawn, and a lot of inventory at my local (very HCOL) dealers. Contrast this when I placed my order just three months ago and it seemed like the market was very different (relatively stable prices on BaT and almost no inventory locally)! But even with that said, I could only get the dealer to give me 5k of goodwill on my ADM (this was for a buildable allocation, went from 55 to 50).
So I can't offer an apples to apples since you are looking at used now, but I feel like I overpaid at least 5k, stretching maybe 10k. I could have walked, but for reasons I didn't. My gut feeling on your deal is that it overpriced by at least 10k, but sometimes dealers just aren't amenable to market realities. Case in point would be my deal: I had called up this very dealer a week before the broker got me in at 55, and they wouldn't take less than 75, even saying they had rejected someone's 65. One of my locals recently reached out with a Touring, saying it would go for close to 300, listed at 290, I think it finally sold for ~270 after 6 weeks.
Maybe it's because I'm a wageslave, or maybe because I care about 5k, or maybe because I haven't taken delivery yet, but ADM is a bitter pill. There's my requisite pontification.
So I can't offer an apples to apples since you are looking at used now, but I feel like I overpaid at least 5k, stretching maybe 10k. I could have walked, but for reasons I didn't. My gut feeling on your deal is that it overpriced by at least 10k, but sometimes dealers just aren't amenable to market realities. Case in point would be my deal: I had called up this very dealer a week before the broker got me in at 55, and they wouldn't take less than 75, even saying they had rejected someone's 65. One of my locals recently reached out with a Touring, saying it would go for close to 300, listed at 290, I think it finally sold for ~270 after 6 weeks.
Maybe it's because I'm a wageslave, or maybe because I care about 5k, or maybe because I haven't taken delivery yet, but ADM is a bitter pill. There's my requisite pontification.
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#17
Since I've failed to get a new GT3 allocation - I've resorted to the used market.
Wanted to get some opinions on ADM markups.
Found a 2022 black Winged GT3, 2000+ miles, one owner, carbon roof, carbon buckets, carbon ceramic brakes, 6-speed manual.
Original MSRP around $200k. Asking about $270k.
I understand the market hasn't softened. I don't know anything about the the future, or inflation, or recessions.
Question is - is this overpriced for today's used 992 GT3 market? And if so - what is a reasonable price to offer?
Thanks.
Wanted to get some opinions on ADM markups.
Found a 2022 black Winged GT3, 2000+ miles, one owner, carbon roof, carbon buckets, carbon ceramic brakes, 6-speed manual.
Original MSRP around $200k. Asking about $270k.
I understand the market hasn't softened. I don't know anything about the the future, or inflation, or recessions.
Question is - is this overpriced for today's used 992 GT3 market? And if so - what is a reasonable price to offer?
Thanks.
Here my best take on it. If you REALLY REALLY love a black, winged GT3, then the number, while probably $10k to $20k "high", is irrelevant. Things working against the car you mention: 22 is now 2 years old, it is black (not favored), a $200K MSRP is light on options (though the ones you mention are great!). As many pointed out, and I ALWAYS live by this mantra, life is way to short to sweat out $20k - i dont care if you are 35 or 70 years of age. When it hits you, it hits you. I am blessed to by 56 years old having had ZERO life crisis issues and I still live it without regrets everyday. If that car hits your soul, strike your best deal and roll out of the lot tomorrow smiling ear to ear.
#19
I paid $40,000 over for a 2023 GT3 Touring that I got to spec my own build on back in September of 2022, delivered in January 2023.
I think +$70,000 over for a used '22 is too much.
If it was me, I'd pass.
And that's coming from someone that thinks my Touring is a PHENOMENAL sports car.
I think +$70,000 over for a used '22 is too much.
If it was me, I'd pass.
And that's coming from someone that thinks my Touring is a PHENOMENAL sports car.
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chance6 (12-22-2023)
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Riptide (12-25-2023)
#22
Rennlist Member
Joined: May 2012
Posts: 13,529
Likes: 4,743
From: Mid-Atlantic (on land, not in the middle of the ocean)
Since I've failed to get a new GT3 allocation - I've resorted to the used market.
Wanted to get some opinions on ADM markups.
Found a 2022 black Winged GT3, 2000+ miles, one owner, carbon roof, carbon buckets, carbon ceramic brakes, 6-speed manual.
Original MSRP around $200k. Asking about $270k.
I understand the market hasn't softened. I don't know anything about the the future, or inflation, or recessions.
Question is - is this overpriced for today's used 992 GT3 market? And if so - what is a reasonable price to offer?
Thanks.
Wanted to get some opinions on ADM markups.
Found a 2022 black Winged GT3, 2000+ miles, one owner, carbon roof, carbon buckets, carbon ceramic brakes, 6-speed manual.
Original MSRP around $200k. Asking about $270k.
I understand the market hasn't softened. I don't know anything about the the future, or inflation, or recessions.
Question is - is this overpriced for today's used 992 GT3 market? And if so - what is a reasonable price to offer?
Thanks.
#23
I wouldnt pay more than $40K over for that spec - black is a little negative for me. Having lived with 2 black cars - they look great for about 10 minutes after you wash them . If it were PTS (desirable) then 50-60 over.
#24
Genuinely curious…
Why would someone pay that much over sticker for a 992 GT3 when you can go by a 997.1 GT3 for ~ $100k less money.
Many would agree — The 997.1 is the more engaging driving experience?
.
Why would someone pay that much over sticker for a 992 GT3 when you can go by a 997.1 GT3 for ~ $100k less money.
Many would agree — The 997.1 is the more engaging driving experience?
.
Last edited by seis-speed; 12-22-2023 at 07:43 PM.
#25
Rennlist Member
Joined: May 2012
Posts: 13,529
Likes: 4,743
From: Mid-Atlantic (on land, not in the middle of the ocean)
#26
Oh, and OEM warranty.
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#27
that is true without ppf
with ppf and ceramic coating, it is a completely different ball game and the car looks great in black as the car will stay clean for a long time
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#28
I love the 997, but drive a 992 and you'll understand the $100k delta
#29
I have a full wrap with ceramic coating on both my 997 GT3RS and GT4RS (both dark colors) and cleaning both is a breeze.
#30
OEM warranty is a huge factor for many. If you come across a deadman's car (I think Seinfeld coined that) you're willing to put up with paying for any repairs - since you think this is one of those top 5/10 cars to own. You get out of a warranty - one thing goes wrong on the engine then you're looking at a 20-30k repair bill... well is that car special enough for you to own forever? Base 997.1 GT3 maybe not. 997.2 GT3RS 4.0? Yes.
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