GTS ADM
Thread Starter
Track Day
Joined: Jun 2022
Posts: 18
Likes: 8
GTS ADM
Hi, this is my first post as I have finally received an allocation for a 2023 GTS.
The dealer is asking 20k ADM. This is my first Porsche hence i don't have any relationships with dealers yet. Another dealer wouldn't give me an allocation for less than 35k ADM... regardless, I don't feel great about paying 20k over for a GTS. I was hoping I could get some experienced opinions on whether on not I'm getting a good/bad deal.
Thanks
The dealer is asking 20k ADM. This is my first Porsche hence i don't have any relationships with dealers yet. Another dealer wouldn't give me an allocation for less than 35k ADM... regardless, I don't feel great about paying 20k over for a GTS. I was hoping I could get some experienced opinions on whether on not I'm getting a good/bad deal.
Thanks
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Joined: Jan 2004
Posts: 4,348
Likes: 1,638
From: santa barbara
if you can wait by the end of summer there's a good chance they are going to be MSRP cars.
1.Everybody that wants one has one filling initial demand
2. Stock market, when you start lousing 5% on a bad day you ask your self do i really need a 175k toy.
just my opinion ..carl
1.Everybody that wants one has one filling initial demand
2. Stock market, when you start lousing 5% on a bad day you ask your self do i really need a 175k toy.
just my opinion ..carl
Racer
Joined: Jan 2022
Posts: 311
Likes: 286
From: Nashville
Got mine for no official ADM, first Porsche. They are now pushing watches in place of ADM as a way to make some $$ - I did not need to buy one. They did force dealer financing to close the deal which will cost a few grand more than another option I secured so that is an ADM but not bad
Advanced
Joined: Nov 2013
Posts: 78
Likes: 100
From: Orange County CA
I just picked up a 2022 Carrera S cab (which I had an allocation for back in December) and paid 13.5K over sticker. They have a GTS cab right now that they want 30K over for. Considering current market conditions, locking in an allocation at 20K is a good deal in my opinion. I'd take the allocation. If the market goes soft when the car arrives you can always back out or have the dealer drop the ADM.
Racer
Joined: Mar 2021
Posts: 299
Likes: 111
If you want to buy it for your self, no point paying an ADM (unless you have millions) and 20k is pocket change for you.
I got my allocation without ADM. The dealer did try to push a watch but I happily declined. Was able to get a allocation nonetheless. You would be able to get a discount in the past. But MSRP in current situation is good and as one poster mentioned, you might get discount in few months. Whether that happens or not is different question!
I got my allocation without ADM. The dealer did try to push a watch but I happily declined. Was able to get a allocation nonetheless. You would be able to get a discount in the past. But MSRP in current situation is good and as one poster mentioned, you might get discount in few months. Whether that happens or not is different question!
RL Community Team
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Here's a decision tree for you to help you make (hopefully) the right decision.
1. Do you want the car now (or in the foreseeable future, i.e. 3-6 months)?
2. Will spending an extra 20k keep you up at night such that you will think more about the money you paid for the car instead of just enjoying the car (no matter the price you paid)?
1. Do you want the car now (or in the foreseeable future, i.e. 3-6 months)?
- YES - Then go to Question 2
- NO - Stop and go for another ride on that bike in your avatar.
2. Will spending an extra 20k keep you up at night such that you will think more about the money you paid for the car instead of just enjoying the car (no matter the price you paid)?
- YES - Stop and go for another ride on that bike in your avatar.
- NO - Go, pay and sign the paperwork and enjoy the (wait for the) new ride.
Last edited by ipse dixit; Jun 3, 2022 at 07:24 PM.
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Thread Starter
Track Day
Joined: Jun 2022
Posts: 18
Likes: 8
Here's a decision tree for you to help you make (hopefully) the right decision.
1. Do you want the car now (or in the foreseeable future, i.e. 3-6 months)?
2. Will spending an extra 20k keep you up at night such that you will think more about the money you paid for the car instead of just enjoying the car (no matter the price you paid)?
1. Do you want the car now (or in the foreseeable future, i.e. 3-6 months)?
- YES - Then go to Question 2
- NO - Stop and go for another ride on that bike in your avatar.
2. Will spending an extra 20k keep you up at night such that you will think more about the money you paid for the car instead of just enjoying the car (no matter the price you paid)?
- YES - Stop and go for another ride on that bike in your avatar.
- NO - Go, pay and sign the paperwork and enjoy the (wait for the) new ride.
Haha solid response.
1. Yes
2. No
I think I've got my answers. Thanks all
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Joined: Aug 2020
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From: Orange County California
Wait till after the Fed raises the discount rate another 100 (or more) basis points between now and September. Id imagine a 23 GTS allocation will be available at MSRP.
Last edited by Bluehighways; Jun 4, 2022 at 03:28 AM.
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From: Newport Beach, CA and Melbourne, Australia
Nordschleife Master
Joined: Jun 2018
Posts: 5,961
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From: Ohio
I remember when my neighbor tried to sell their house for $400k back in 2017 and thought there was no way she'd get it. She did, and then covid-19 happened, and we all know what happened to values then.
None of us know what's going to happen, but people I know that bought GTS models in the past 3 weeks have paid $25k-$40k ADM. The rumor is the fed will raise rates until September so they act like they are fighting inflation, but the money printer will most likely go brrrrrrrrrrr right after that for election season. And you could be paying more then when the spigot is turned back on.
Also, you have to remember, people on both sides of the market make money. For the past two years, bears were getting slaughtered, but now they're winning, and bears like Porsches too.
None of us know what's going to happen, but people I know that bought GTS models in the past 3 weeks have paid $25k-$40k ADM. The rumor is the fed will raise rates until September so they act like they are fighting inflation, but the money printer will most likely go brrrrrrrrrrr right after that for election season. And you could be paying more then when the spigot is turned back on.
Also, you have to remember, people on both sides of the market make money. For the past two years, bears were getting slaughtered, but now they're winning, and bears like Porsches too.
Rennlist Member
Joined: Apr 2021
Posts: 154
Likes: 77
I remember when my neighbor tried to sell their house for $400k back in 2017 and thought there was no way she'd get it. She did, and then covid-19 happened, and we all know what happened to values then.
None of us know what's going to happen, but people I know that bought GTS models in the past 3 weeks have paid $25k-$40k ADM. The rumor is the fed will raise rates until September so they act like they are fighting inflation, but the money printer will most likely go brrrrrrrrrrr right after that for election season. And you could be paying more then when the spigot is turned back on.
Also, you have to remember, people on both sides of the market make money. For the past two years, bears were getting slaughtered, but now they're winning, and bears like Porsches too.
None of us know what's going to happen, but people I know that bought GTS models in the past 3 weeks have paid $25k-$40k ADM. The rumor is the fed will raise rates until September so they act like they are fighting inflation, but the money printer will most likely go brrrrrrrrrrr right after that for election season. And you could be paying more then when the spigot is turned back on.
Also, you have to remember, people on both sides of the market make money. For the past two years, bears were getting slaughtered, but now they're winning, and bears like Porsches too.
