I can see why folks feel they need to correct my position but it is my opinion that I would need to take that car and soften it in order to get it to a DD as I live in an area with less than ideal roads and crappy winters. Plus I specd my car to be around $147K. When I mirror it with the GTS, it takes me to $165K.
Yes, I believe if anyone is talking about spending $150K on a car but can't afford spending $170K then they can't really afford $150K but to ME, when I toss in the 7% tax and everything else, my eyes would start to tick thinking about what my wife is going to say about paying for the college on our 4 kids!!!! Plus we already have a $125K committed on a new car for her so I just feel like I should hold my ground and make sure I am comfortable with my decisions for me.
In the end, waiting a bit longer to get exactly what I want, how I want it, isn't a bid deal...its just waiting on a car.

 

It may not matter, although the GTS will initially cost more, it will be less expensive to own. The % of depreciation will be significantly less than a base or an S, because of it’s desirability, and rarity.

 

I agree with setting a personal limit. To me, it's not about what I can afford. It's what I want to spend. We all draw the line somewhere. I think, for most of us, this is an expensive toy.
Porsche makes it too easy to cross the line.

 

I like your pragmatic approach to buying a car. I feel the same way. Each of us has a price target where the car moves from a dream car to a selfish expense. For me, there isn't enough marginal value in a GTS or a Turbo over a 4S to dig deeper into my pocket. That's my line in the sand but others are comfortable spending more and I applaud them for it.

 

The depreciation on all 992s is basically next to nothing right now. I drove my 992C4S for 2.5 years and more than 35k miles. At trade-in, I nearly got what I paid for it new. Of course, having bought the car below MSRP in 2019 put me at an advantage versus someone who paid ADM.

 

very nice… “right now” is the key point…. All markets will eventually normalize…

 

Yes, they will. But Porsche has always done well in terms of resale value. That was true before the pandemic and will be true again after markets normalize.

 

Don't buy off on paying an ADM. The rationalization that is OK for dealers to gouge us because of resale value doesn't hold water. Porsche set's the price, dealers don't add value and yet they mark it up. Depreciation has nothing to do with Dealer Markup. Got to have it now is the problem.

 

Dude, what???

 

I was saying that we all try to talk ourselves into why paying above MSRP is ok, because... What I was trying to say is that the thread seemed to say that it was ok to pay a large ADM, because low depreciation will take care of you. Resale value is high currently because car demand is high causing the used car market to be temporarily inflated. The used car market is already getting softer. Resale value will change.

 

since we're in the same boat (not literally according to our fun guy) figured i'd share my update. I forgot I got my TYD email the day I got a call from my GSM but it shows 4/9 freeze (was told 3/31) with 101 days to delivery (6/24, was told 7/1). It's so real!

 

I've been hearing this for the past year. "Market is inflated, it will correct, etc etc" If you've been paying attention, OEMs have publicly stated they are going to do a better job of controlling supply relative to demand. Notwithstanding the supply chain issue which isn't going away in the next few months, the car market is going to be strained for the foreseeable future and I contend it'll never be "back to normal" because OEMs and dealer's alike enjoy not discounting cars or spending marketing money on promotions moving units from inventory.

Everyone likes capitalism except as it applies to automobiles.

 

Two points:
1. OEMs are seeing the markups that the dealers are pocketing and will move in the future to add that to their bottom line. PCNA/PAG is very aware that people are paying 25k over for a freakin GTS.... MSRP increases will follow
2. I have to laugh when people say this market is the new normal. Let's chat again when the next recession hits (and it will hit...possibly sooner than people think with this runaway inflation)

 

Agree with #1. We will be paying closer to MSRP in the future than we have in the past. OEMs are not going to be in the business of over producing and then leaving cash on the hood to move inventory.
I laugh when people don't comprehend what I write. I didn't say the market as it currently is, is the new normal. But I did say it isn't going to go back to the way it was (hint: could mean what I allude to above).

 

Fair enough - I interpreted the way you mention, but I'm in agreement with your clarification.