How old are you?

If you're 80, go for it. Stretch and get the car you want. Life is short. Literally, if you're 80.

If you're 20, wait. Life is short. But not that short.

 

The Turbo/Turbo S cars typically have depreciation greater than the lower trims and that movement in dollars is substantial. The question is really, can you afford that very real depreciation? The tens of thousands of dollars that the car loses when it is driven off of the lot. Yes, I am fully aware that the pandemic upended some of that thinking, but there will be a time where cars depreciate again -- and it's not that far off.

Does it make sense to wait? Well, the prices of the cars are going up substantially in the fall and interest rates for auto loans will be exiting the "free money" zone in the coming months. ADMs will probably fall substantially, but that'll be offset by those other increased acquisition costs.

If you're older, a homeowner, and got the kids through college, life is short and a little stretch for some fun is par for the course. Life doesn't last forever. If you can count your remaining summers on this earth on your fingers and toes, go for it.
If you're young, pay rent, and get a paycheck from a business that you don't own, stretching to get a new 911 Turbo S doesn't make a lick of sense. Of course, it's your decision to make.

If you're somewhere in between, your definition of "stretch" may vary. For some, that might mean one less week at the place in Martha's Vineyard. For others, that may mean weeks of Ramen between pay checks.

 

That dynamic changed with the 991.2 Turbo/S. Depreciation was not bad with that car, in my experience. Porsche made lower numbers of cars with that generation (even less so, it appears, with the 992) which probably stabilized resale.

In other words, I wouldn't let deprecation be the reason you don't get a TT/S.

 

With consumer confidence softening, interest rate on the rise. Couple folks in Socal backed out of their allocation and their pre-order shining new 992s. Depreciation will be slowly coming back along with ADM phasing out. Just my two cents.

 

Personally I think there is alot of crypto "hot money" in the sports car market right now, that's a major driver of the spend-up ADM craze. I don't think people view appreciation on their primary residences as a trigger to buy a $100K+ car.

 

And PPP money.

 

Not sure if anyone has posted this: https://markups.org
People are cloud sourcing dealer markups. If you search for Porsche these dealers have 0 markup:
Porsche Syracuse
Porsche Marin
Champion Porsche (Florida)

Obviously not a reliable source of information but has anyone purchased from these dealers lately? Would gladly buy cross-country and pay shipping just to give a decent dealer business.

 

It is only a matter of time before dbag car dealers go on there and report that their dealership has no markup, or that other dealers have markup....probably the case for Champion Porsche which is known to be a pretty scammy place.

 

https://jalopnik.com/a-rep-from-the-...ski-1829066180

 

Very nice SA at Marin Porsche HOWEVER they didn’t have any new inventory AND they were 10% over on orders.
In all fairness maybe that has all changed in the last couple Days

 

So if things do "loosen up", how will we know? The dealers aren't going to publicize that people are cancelling their pre-orders because of economic concerns. And alot of dealers have turned potential buyers away with what has been going on, you wonder how deep their wait lists are if suddenly buyers with deposits in queue (and let's face it, alot of them are flippers trying to make a quick profit), start dropping out. And for people with negotiated ADMs, do they get to re-negotiate those if market conditions change, or are they contractually committed to their ADMs?

 

It’s business. You need to be willing to walk and gamble that the dealer plays ball. I suspect they’d just go to the next guy on the list.

 

Let’s be honest here. There is no shortage of people who want 911’s. People aren’t dropping off lists left & right. If the dealership is dead-set on some amount of ADM and you decide not to pay, they will sell the car to somebody else. It’s easy for them. New 911’s are not sitting around collecting dust on dealership lots in 2022.

My dealership agreed to a percentage below MSRP last April, however, I saw the market conditions continuing in a direction that was not in my favor. I was concerned that the terms would change when my car was delivered 3 weeks ago. I mentally prepared myself for the terms to be changed to MSRP or at least a $10k ADM (…I was already emotionally committed and I had no plans to walk away after selling my M4 and waiting a full year), but thankfully the terms were upheld and I purchased under MSRP in today’s crazy market. Sure, I didn’t get the 6-8% off MSRP that MY2020 buyers were able to achieve, but I saved $3500 off of the MSRP of my 992 C2S. No complaints here.

 

i went into Marin early in my search, asked to see a 992 and the salesman walked me out to a 2017 911. I asked what that was and he said a 992. I’m sure there great but I couldn’t get past that one and moved on.