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in this case is the sucker the one paying over msrp so he can sell it for even more later OR the one selling it prior to value peak, I can't tell (see: GT3) might be both
I ordered my relatively low spec base in September and took delivery in December 2020 and was able to get a 7% discount. Shortly thereafter everything went to pot... I generally keep my cars for 4 years ( 6 years at max and only with an extended warranty). I drive my car like crazy and put on 1K miles a month - most of it from ltaking the ridiculously long way to work and home and drives to nowhere. I expect that when I sell my car in 4-6 years time things will be back to normal. Sure I might get a benefit from the fact at we will be closer to all electric cars but it will be a high mileage, base car without PPF that was used (and loved) but used to the max and that will lead to a significant depreciation. That said every mile was loved and at the end of the day I bought the car to be used for my pleasure and fun. Sure I would like to get a fair bit back but I bought it on the assumption that it is a heavily depreciating asset. Would I have bought one now with ADM's and no discounts. Probably but I would just have to accept that the price of my fun was going to be a good 20K more spread over a 4-6 year time span.
I honestly feel that the depreciation of these used 992s will be less steep than they have been historically.
Conservatively, I do believe if I paid over MSRP I'd lose the amount when I resell. Altho this could truthfully not be the case.
I have also considered getting a new allocation on a 992 but where I live (Canada) there will be a new levy tax called the luxury tax. So essentially you pay an extra 19k on a 190k car
This T4S I'm considering has 500km (300 miles) with an MSRP of 190k. Prob going to sell for 10 to 15k over
I would definitely want to do it... just hard to justify deep down lol!
So essentially new car specd beautifully very slightly used for an extra 15k or wait 2 years and pay 19k... That's essentially the choice. Rock and a hard place!
It’s weird how it’s a tough pill to swallow for something you’ll actually enjoy. Look at it like a really nice 1 week cruise in a huge suite.
The feeling of excitement right when you walk on to the ship, is the feeling you’ll have each time you get into the car..
If you can’t imagine it that way, I’ve been up $160k on a stock in two months, and down $112k on a stock in a month. Sometimes I say to myself, could have bought a brand new 911 and crashed it into a wall for the paper loss I just had.
My “paper losses” from volatility fluctuations this year could buy a GT3, GT3 RS, GT2 25, and more LOL, there have been weeks where I am +100k USD in 5 days or less. Money is far easier to come by than 911s 😄
Cars will not be depreciating much next year if my prediction is correct.
Things will get back to “normal” and cars will be discounted again. If you paid over MSRP you will take a big hit if you turn over cars every few years. If you keep your car 20+ years then it won’t matter.
Things will get back to “normal” and cars will be discounted again. If you paid over MSRP you will take a big hit if you turn over cars every few years. If you keep your car 20+ years then it won’t matter.
is that true even if you sell the car as Supply starts to go up? I think most predictions Point towards that not being the case until maybe 2023
is that true even if you sell the car as Supply starts to go up? I think most predictions Point towards that not being the case until maybe 2023
There is no way to predict for certain so this is only an opinion. So take it with a grain of salt. Having made that disclaimer, I believe the supply with catch up with demand soon, likely within two years. If you buy a car today at MSRP + ADM you will take a hit in two or three years when you sell it.
I was able to acquire my 992 on the cusp of the shortages. I ordered the car so I was only able to swing ~5% off sticker but so far it has APPRECIATED rather than depreciated. I have it full front PPF with CeramicPro and it's chewed up a set of tires. The silly folks at my selling dealer keep calling me wanting to buy it at MSRP. But I am not selling. It's a great car. 911s are expensive to acquire and tend to stay expensive due to the plethora of configurations. It's as smart as a "dumb" investment in a car can get.
You are going to get KILLED on depreciation. There is no if's, and's or but's about it.
When I bought my 997 Turbo for MSRP in 2007, it was about $130k after taxes.
I sold it for $79,000 with 11k miles in 2013. That's a $50,000 depreciation. And the car was super clean and well sold at the time.
So, if you buy a 911 and pay a $15,000 premium, you are probably looking at a $65,000 depreciation.
The saving grace to this story is that I bought a new, 2012, R8 V10 6MT to replace the 997 Turbo. MSRP was $180k. Bought it for $140k from a dealer. It's now worth about $180k and I've owned it for 10 years. So what I lost on the Turbo, I made up for on the R8.
There are ways to get around this depreciation. KEEP THE CAR! I've owned my 993 C2S since 2001. I paid $50k for it. It's now worth $180k!!!! Or wait until the market corrects and buy someone else's depreciated 911 with low miles.
You are going to get KILLED on depreciation. There is no if's, and's or but's about it.
When I bought my 997 Turbo for MSRP in 2007, it was about $130k after taxes.
I sold it for $79,000 with 11k miles in 2013. That's a $50,000 depreciation. And the car was super clean and well sold at the time.
So, if you buy a 911 and pay a $15,000 premium, you are probably looking at a $65,000 depreciation.
The saving grace to this story is that I bought a new, 2012, R8 V10 6MT to replace the 997 Turbo. MSRP was $180k. Bought it for $140k from a dealer. It's now worth about $180k and I've owned it for 10 years. So what I lost on the Turbo, I made up for on the R8.
There are ways to get around this depreciation. KEEP THE CAR! I've owned my 993 C2S since 2001. I paid $50k for it. It's now worth $180k!!!! Or wait until the market corrects and buy someone else's depreciated 911 with low miles.
But if you want it now, you're gonna pay for it.
Getting killed by depreciation requires the US dollar to actually be worth something.
In 2 years the US dollar is going to be practically worthless, hyperinflation is very likely on the way. Go read some of the recent FED comments, inflation will be ACCELERATING next year. If you understand what it means for inflation to accelerate then you know that prices are not coming down anytime within the next few years.
Here is Unilever's finance chief telling you exactly that: "Unilever warned inflation was likely to accelerate next year and its prices would have to rise further as consumer goods companies battle to offset surging energy and other costs." Unilever warns of more price hikes as inflation worsens (yahoo.com)
Last edited by harshalp; Oct 21, 2021 at 02:23 PM.
Getting killed by depreciation requires the US dollar to actually be worth something.
In 2 years the US dollar is going to be practically worthless, hyperinflation is very likely on the way. Go read some of the recent FED comments, inflation will be ACCELERATING next year. If you understand what it means for inflation to accelerate then you know that prices are not coming down anytime within the next few years.
Here is Unilever's finance chief telling you exactly that: "Unilever warned inflation was likely to accelerate next year and its prices would have to rise further as consumer goods companies battle to offset surging energy and other costs." Unilever warns of more price hikes as inflation worsens (yahoo.com)
Price hikes and inflation at 5%, where it was close to 1% for quite a while, does not mean the world is ending. It means adjustment and hopefully some macro strategies to curtail it. But hyperinflation? C'mon now.
The US dollar will be "practically worthless" in 2 years? I'll take that bet, and give you whatever odds you want that you're wrong.
"Hyperinflation is very likely on the way?" Equally wrong.
Hyperinflation is generally defined as a rising rate of 50% PER MONTH. Countries that have experienced it, notably Germany in 1923, had inflation rates of 5% or 10% per day. A single company warning of rising prices does not mean that a loaf of bread or a gallon of gas will be thousands of dollars by 2023. Or even millions of dollars if it continues for several months?. Because that's what you are saying. That's impossible and, quite frankly, ridiculous.
Price hikes and inflation at 5%, where it was close to 1% for quite a while, does not mean the world is ending. It means adjustment and hopefully some macro strategies to curtail it. But hyperinflation? C'mon now.
The US dollar will be "practically worthless" in 2 years? I'll take that bet, and give you whatever odds you want that you're wrong.
"Hyperinflation is very likely on the way?" Equally wrong.
Hyperinflation is generally defined as a rising rate of 50% PER MONTH. Countries that have experienced it, notably Germany in 1923, had inflation rates of 5% or 10% per day. A single company warning of rising prices does not mean that a loaf of bread or a gallon of gas will be thousands of dollars by 2023. Or even millions of dollars if it continues for several months?. Because that's what you are saying. That's impossible and, quite frankly, ridiculous.
I/m going to screenshot your comment for later use, thank you for your contribution.
Prices from suppliers for our flooring store have been increasing every month this year, and continue to do so. Those price increases will be continuing all through next year. It's not one company, its the entire economy.
my in n out order went from $6.66 to $9.84. Are you really going to stand there and tell me inflation isnt real and continuing to get worse?
Last edited by harshalp; Oct 21, 2021 at 03:08 PM.
