Is it worth paying over sticker for used 992?
12-20-2021, 05:44 PM
#46
Drifting
I would do it, but that's me. I'm up there in years, so my enjoyment time is getting compressed every day. I also keep my cars a long time, so the depreciation is less a factor the longer you keep it. I wouldn't have considered this 2 years ago, but with the scarcity of cars nowadays, and my advanced yrs, I would be tempted. YMMV
12-20-2021, 07:20 PM
#48
Rennlist Member
I was recently offered (by a Porsche dealership) $209,000 for 2021 992 Targa 4S, with MSRP of $182,000. Was delivered 13 months ago, with 5,500 miles.
12-20-2021, 08:55 PM
#49
Rennlist Member
That is pretty nuts. That means a sales price of at least $25k over that. A near new 992 is rare. A Targa even rarer. I assume you are not selling?
12-22-2021, 08:18 AM
#50
Rennlist Member
Not agreeing or disagreeing, simply posting as an FYI. Sidebar, we are noticing a softening of the UC market at wholesale auctions so far this week. Not Porsche specific, mainly domestic trucks and SUV's.
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
12-22-2021, 09:42 AM
#51
Not agreeing or disagreeing, simply posting as an FYI. Sidebar, we are noticing a softening of the UC market at wholesale auctions so far this week. Not Porsche specific, mainly domestic trucks and SUV's.
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
A prolonged softening of the wholesale used market will be a sign that the new car market is returning to normal. Dealers won't be as desperate to get used cars once they know they have significant new inventory incoming to sell.
12-22-2021, 12:34 PM
#52
Not agreeing or disagreeing, simply posting as an FYI. Sidebar, we are noticing a softening of the UC market at wholesale auctions so far this week. Not Porsche specific, mainly domestic trucks and SUV's.
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
Quotable
“We expect the market to anticipate the turnaround in the new-car supply situation ahead of time and begin repricing used cars before new-car lots are full and used-car demand returns to normal.”
– KMPG, commenting on the used vehicle market in a white paper, Automotive News, Dec. 21
There will always be supporters of "this time it's different" but the market will inevitably revert back to a balance of supply and demand as KPMG states.
If you're short on time, go for it and enjoy it.
If you'd rather maximize your net worth, instead of the dealer's net worth, wait.
Last edited by CashBuyer; 12-22-2021 at 12:35 PM.
12-29-2021, 08:15 AM
#53
Rennlist Member
Everyone has a different financial situation and life (health, age, marriage? kids, etc.) - so no one can answer that for you. It's a toy, not a necessity. Toys you use and play with for pleasure. If a particular toy causes you financial stress, then you are playing above your comfort level. Best to drop down a category or two. Would you feel the same about a Mazda Miata where a 20 % drop is about $ 5,000 VS $ 30,000? Probably not - so Comfort Level is important.
There is also a school of thought that says you might not be alive two years from now to worry about that resale price .... and enjoy the moment. Life does weird things to you when you least expect it. I tend to fall into this camp myself after a Stage IV Cancer Diagnosis years ago that looked like it was going to be fatal.
I don't personally think the market is going to fall out in two years, it will be a VERY long time, if ever, when you see large 911 inventories on dealer's lots. It will take an economic tsunami of some kind to alter the current situation.
There is also a school of thought that says you might not be alive two years from now to worry about that resale price .... and enjoy the moment. Life does weird things to you when you least expect it. I tend to fall into this camp myself after a Stage IV Cancer Diagnosis years ago that looked like it was going to be fatal.
I don't personally think the market is going to fall out in two years, it will be a VERY long time, if ever, when you see large 911 inventories on dealer's lots. It will take an economic tsunami of some kind to alter the current situation.
If you want one now, it’s totally worth paying. This year’s market adjustments, ADMs, and prices over sticker will seem quaint as we get into next year.
Supply issues will be with us for a while. Inflation is very much on deck. Even after those problems are resolved, automakers and dealers have gotten very comfortable with this model. This stuff is here to stay.
It is the new normal. It’s not going back to the way things were.
Supply issues will be with us for a while. Inflation is very much on deck. Even after those problems are resolved, automakers and dealers have gotten very comfortable with this model. This stuff is here to stay.
It is the new normal. It’s not going back to the way things were.
. Sometimes the money doesn't come back either..that is variable but the truth of it all is TIME is always the one that will be lost and cannot be purchased back once lost!
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Go Bruins (12-29-2021)
12-29-2021, 09:23 AM
#54
Rennlist Member
markets already started to soften for some cars
like the C8 corvette , you can't sell one these days .
Porsche will soften at a slower pace as they don't have massive production
what will help the used car market is new car price increase which is happening across multiple brands
like the C8 corvette , you can't sell one these days .
Porsche will soften at a slower pace as they don't have massive production
what will help the used car market is new car price increase which is happening across multiple brands
12-29-2021, 10:25 AM
#55
RL Community Team
Rennlist Member
Rennlist Member
markets already started to soften for some cars
like the C8 corvette , you can't sell one these days .
Porsche will soften at a slower pace as they don't have massive production
what will help the used car market is new car price increase which is happening across multiple brands
like the C8 corvette , you can't sell one these days .
Porsche will soften at a slower pace as they don't have massive production
what will help the used car market is new car price increase which is happening across multiple brands
12-29-2021, 12:22 PM
#56
Three Wheelin'
I actually just started to pay attention to the Z06 and was wondering why anyone would ever want a regular-*** C8 now.
But that said- the Z06 won't be available to anyone for half a year. If the market is indeed as strong as we all think, it shouldn't be that hard to still fetch a premium for a C8.
This craziness can't be indefinitely sustainable... and these are the first signs of it turning a corner in several months.
I remain optimistic.
But that said- the Z06 won't be available to anyone for half a year. If the market is indeed as strong as we all think, it shouldn't be that hard to still fetch a premium for a C8.
This craziness can't be indefinitely sustainable... and these are the first signs of it turning a corner in several months.
I remain optimistic.
