Notices
992 2019-Present The Forum for the Non-Turbo 911
Sponsored by:
Sponsored by:

Targa GTS at msrp, depreciation after?

Thread Tools
 
Search this Thread
 
Old 12-23-2022, 08:13 PM
  #16  
356Fan3
Instructor
 
356Fan3's Avatar
 
Join Date: Jun 2017
Location: Florida
Posts: 138
Likes: 0
Received 36 Likes on 26 Posts
Default

Originally Posted by crvtt
I don't like the color and I wanted a manual.
I believe that you have answered your own question. Wait, get the manual, color, and build you want. Life is too short.
The following users liked this post:
johny221 (12-23-2022)
Old 12-23-2022, 08:17 PM
  #17  
ENCT
Rennlist Member
 
ENCT's Avatar
 
Join Date: Oct 2015
Location: PA
Posts: 779
Likes: 0
Received 363 Likes on 187 Posts
Default

I would pass, more 911's showing up at dealers. I can only think people are walking on orders.
The following 2 users liked this post by ENCT:
Bluehighways (12-24-2022), donv (12-24-2022)
Old 12-23-2022, 08:20 PM
  #18  
Keadog
Rennlist Member
 
Keadog's Avatar
 
Join Date: Dec 2009
Posts: 6,943
Received 1,110 Likes on 668 Posts
Default

Nothing else matters if you want a manual and it’s a PDK. I speak from painful experience.
However, I see nothing wrong with the build if someone wants a PDK. Even with some pricey options one may not want, an available Targa GTS at MRSP will probably interest someone. Maybe even someone here…
Old 12-23-2022, 08:25 PM
  #19  
malba2366
Three Wheelin'
 
malba2366's Avatar
 
Join Date: Feb 2016
Posts: 1,257
Received 753 Likes on 426 Posts
Default

If your intention is on getting all of the money you spent including taxes back after one year, then I would pass. By next year the used car market will likely be back to historic norms. At best you will be 15-20k below MSRP on resale.
Old 12-23-2022, 08:42 PM
  #20  
Shogunade
Rennlist Member
 
Shogunade's Avatar
 
Join Date: Dec 2022
Location: Mid Atlantic
Posts: 3,557
Received 2,007 Likes on 1,129 Posts
Default

Originally Posted by malba2366
At best you will be 15-20k below MSRP on resale.
That's best case scenario trading back to a dealer. Bet your dollar they're making theirs. You will lose money. Dealer won't.

BUT. ALL certified pre-owned 2020 and > Targas are selling over sticker.

So maybe if you sell privately at a smart price you can mitigate your loss. Again, BUT depending on state you might be losing out on "tax credits" for trading in a car when purchasing another.

You're gonna lose money...I'd say $10k-30k in a year with the $10k being extremely optimistic. But in normal times you'd lose 30% as soon as you drive off the lot.


Last edited by Shogunade; 12-23-2022 at 08:44 PM.
Old 12-23-2022, 09:07 PM
  #21  
PMAA
Rennlist Member
 
PMAA's Avatar
 
Join Date: Jul 2012
Location: Ohio
Posts: 243
Received 114 Likes on 43 Posts
Default

MSRP + Tax + depreciation = a lot of money to spend to settle for a config you're not thrilled with
Old 12-23-2022, 10:19 PM
  #22  
Mmade992
Racer
 
Mmade992's Avatar
 
Join Date: Dec 2021
Location: Charlotte, NC
Posts: 290
Received 261 Likes on 123 Posts
Default

Two major things you don’t have on this build….. Your color choice and the all important manual. Hard pass!
Old 12-24-2022, 02:44 AM
  #23  
User 81423
Burning Brakes
 
User 81423's Avatar
 
Join Date: Apr 2019
Posts: 1,148
Received 574 Likes on 344 Posts
Default

Originally Posted by shrimp money
You’re going to take a $20k hit.
Try 50
The following users liked this post:
srf409 (12-24-2022)
Old 12-24-2022, 10:43 AM
  #24  
Dr. G
Rennlist Member
 
Dr. G's Avatar
 
Join Date: Feb 2003
Posts: 4,144
Received 1,019 Likes on 520 Posts
Default

Originally Posted by ENCT
I would pass, more 911's showing up at dealers. I can only think people are walking on orders.
People are definitely walking on orders. I just picked up a Macan GTS because the original buyer backed out when the car arrived at the dealer.

In terms of the OP, wait for what you want.
Old 12-24-2022, 10:51 AM
  #25  
EG9
Advanced
 
EG9's Avatar
 
Join Date: Sep 2008
Posts: 94
Received 21 Likes on 15 Posts
Default

Originally Posted by L2_ONBOARD
Try 50
A T-GTS at $220k after taxes!!! Will take a massive depreciation hit:
yr1: -$60k (from the $220 total)
yr2: -$20k
yr3: -$15k
yr4-6: -$5k
then start stabilizing worth $100-$110 by 2028 maybe less..
The following users liked this post:
User 81423 (12-26-2022)
Old 12-24-2022, 10:55 AM
  #26  
Shogunade
Rennlist Member
 
Shogunade's Avatar
 
Join Date: Dec 2022
Location: Mid Atlantic
Posts: 3,557
Received 2,007 Likes on 1,129 Posts
Default

Originally Posted by EG9
A T-GTS at $220k after taxes!!! Will take a massive depreciation hit:
yr1: -$60k (from the $220 total)
yr2: -$20k
yr3: -$15k
yr4-6: -$5k
then start stabilizing worth $100-$110 by 2028 maybe less..
So you guys think this time next year, the used targas will go from currently selling above sticker to 25-30% below? Hope you guys moved all your portfolios to gold and pork bellies.
The following 3 users liked this post by Shogunade:
Freddie Two Bs (12-25-2022), johny221 (12-24-2022), Zetta (12-26-2022)
Old 12-24-2022, 11:42 AM
  #27  
shrimp money
Race Car
 
shrimp money's Avatar
 
Join Date: Jun 2018
Location: Ohio
Posts: 4,405
Received 5,189 Likes on 2,066 Posts
Default

Originally Posted by Shogunade
So you guys think this time next year, the used targas will go from currently selling above sticker to 25-30% below? Hope you guys moved all your portfolios to gold and pork bellies.
SPY is down 20% in a year with 5 days left of carnage. There is zero good news on the horizon to boost the morale of companies or the people.


Some of you may not see it because of your jobs, but as someone that services restaurants, the slowdown has 100% been felt since September. Don’t base your assumptions that restaurants are doing well because you go on a Friday night at 6pm. There are five other days in a week.
Old 12-24-2022, 12:04 PM
  #28  
Shogunade
Rennlist Member
 
Shogunade's Avatar
 
Join Date: Dec 2022
Location: Mid Atlantic
Posts: 3,557
Received 2,007 Likes on 1,129 Posts
Default

Originally Posted by shrimp money
SPY is down 20% in a year with 5 days left of carnage. There is zero good news on the horizon to boost the morale of companies or the people.


Some of you may not see it because of your jobs, but as someone that services restaurants, the slowdown has 100% been felt since September. Don’t base your assumptions that restaurants are doing well because you go on a Friday night at 6pm. There are five other days in a week.
Thus your screen name!
The following users liked this post:
shrimp money (12-24-2022)
Old 12-24-2022, 01:36 PM
  #29  
Smirnoff67
Pro
 
Smirnoff67's Avatar
 
Join Date: May 2021
Posts: 603
Received 463 Likes on 249 Posts
Default

Originally Posted by shrimp money
SPY is down 20% in a year with 5 days left of carnage. There is zero good news on the horizon to boost the morale of companies or the people.
Damn politicians aren't gonna be happy until everyone is destitute. I've been saying it for years; we need term limits, lowered national debt, and whatever affects we peons needs to affect the high and mighty politicians the exact same way. Man they all suck canal water.

OP, aint no telling what the future will bring. Do what you feel comfortable doing, think it through beyond tomorrow, and then live with your decision.

Last edited by Smirnoff67; 12-24-2022 at 01:37 PM.
Old 12-24-2022, 01:52 PM
  #30  
Bxstr
Rennlist Member
 
Bxstr's Avatar
 
Join Date: Mar 2013
Posts: 8,567
Likes: 0
Received 3,105 Likes on 2,124 Posts
Default

I think you'll lose money on this build in the next year or two for the same reasons others mentioned. GT products may be the one exception to that if you buy at MSRP. Either way, you're out probably $15k in tax, immediately. Also as others mentioned, it doesn't have your preferred transmission. Immediately would be a deal breaker, whether you want a manual or a PDK.


Quick Reply: Targa GTS at msrp, depreciation after?



All times are GMT -3. The time now is 04:32 AM.