ADMs dropping
#181
Instructor
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I am a free market capitalist, let the market set the price. That said, the way ADM's and "long term relationships" are being manipulated by dealers is a complete disgrace and will, in the end, devalue the Porsche brand. Why? Because this is taking the fun out of buying and owning a Porsche. Which is the main, if not only reason, I and many others buy one. So far, my first new Porsche experience has been aggravating and underwhelming. Spending $140K to be aggravated won't happen too many times. 5 used private party buys over the years have been very good including; a 1972 911T, 911S, 930, 914 2.0, 911SC and now back to the start with a new 992T. I hope this all changes with the market. Porsche would be wise to make some changes. Maybe direct to market ala Tesla?
#182
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ixsomerset I know a local Massachusetts dealer had a Targa 4S allocation back in November. I assume it's gone by now, but I can confirm they had one. I've been waiting for a C2S since March of last year and have been speaking to many dealers regarding allocations. They are all saying the same thing that they have barely received any sports car allocations over the last year. That dealer I mentioned in MA told me received the following in November 2022: 1 of each, 911 Base C2 Cabriolet, 911 Carrera T, 911 Targa 4S, 911 Turbo S Cabriolet. I suspect toph4242 got the T. Hopefully the next round which should be announced soon will get a lot of us who are waiting in the driver's seat.
#183
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I am a free market capitalist, let the market set the price. That said, the way ADM's and "long term relationships" are being manipulated by dealers is a complete disgrace and will, in the end, devalue the Porsche brand. Why? Because this is taking the fun out of buying and owning a Porsche. Which is the main, if not only reason, I and many others buy one. So far, my first new Porsche experience has been aggravating and underwhelming. Spending $140K to be aggravated won't happen too many times. 5 used private party buys over the years have been very good including; a 1972 911T, 911S, 930, 914 2.0, 911SC and now back to the start with a new 992T. I hope this all changes with the market. Porsche would be wise to make some changes. Maybe direct to market ala Tesla?
#184
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Not to mention that some of these “no ADM” guys will be paying Porsche $20k more in two years even at sticker rather than paying a dealer $10k in ADM to have a car this year. But they’ll be able to say that “I didn’t pay over sticker” I suppose. The way I see it, these past few years have shown us that life is short ultimately and that we should be doing more things that bring joy into our lives. I classify 911s in the joy category.
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Spiffx (02-06-2023)
#185
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Not to mention that some of these “no ADM” guys will be paying Porsche $20k more in two years even at sticker rather than paying a dealer $10k in ADM to have a car this year. But they’ll be able to say that “I didn’t pay over sticker” I suppose. The way I see it, these past few years have shown us that life is short ultimately and that we should be doing more things that bring joy into our lives. I classify 911s in the joy category.
1. You pay an extra year of insurance
2. Your car is worth less when you sell it
3. You lose out on new year changes
4. You pay another year of excise taxes (if your state charges)
5. Your contributing to more ADMs in the future
6. Your money is not earning interest for the year. An 11 month no penalty CD for early withdrawal at Ally online bank more than covers the MSRP increase.
So all in all, paying a high ADM because the MSRP might be higher next year is not good advice. Do it if just want the car, there is no financial benefit.
Last edited by tna3; 02-06-2023 at 09:07 AM.
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jwfrazier (05-28-2023)
#186
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If it's from Westwood, yeah, it's gone. I was getting a haircut a few weeks ago in the Seaport and a guy came in who had just lifted it and put together a really nice build. Apparently was the result of someone else canceling. Believe with options and everything it was around $220k.
SA was not to interested in any more conversations about $$$, which was ok for me (have a GTS on a boat currently) but was unimpressed by how unwilling they were to talk further.
Last edited by cwbrown; 02-06-2023 at 08:53 AM. Reason: sp
#187
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If you search through RL, you'll see Porsche Westwood never had a great reputation to begin with. I used them for service as they were closest to me, but after a recent major, I won't be making that mistake again. Had a bubble in my tire and was due on time for my 911's 40k major. I dropped it off and asked them to do the service, replace the tire and reset the GPS, as it still showed the prior owner's region in another part of the country. I asked them not to wash it, and they gave me a Macan while they did the work.
When I went to pick it up a day or two later around 3:30 in the afternoon, most of the place had cleared out. The SA I'd worked with previously (and tipped) had left early -the SA who was covering didn't really know what work was done. The new P-Zeros were still coated in white mounting gel and looked straight out of a junkyard. I know I asked them not to wash the car, but c'mon, get a rag and wipe that stuff off. Make it look like a $4,200 service. The GPS was not reset and still showed another state. I'm not looking to whine here, but if this is the work that was demonstrably done (or not done) on the stuff I know about, it casts a really bad light on their work on the stuff I'm not familiar with and can't check.
The icing on the cake was the repeated texts asking for a high score on the service rating. I told the SA I was doing him a favor by not responding as my experience with them was poor, and rather than try to correct anything, just said 'thanks'.
If this is their 'service' department, I'd hate to see their sales.
When I went to pick it up a day or two later around 3:30 in the afternoon, most of the place had cleared out. The SA I'd worked with previously (and tipped) had left early -the SA who was covering didn't really know what work was done. The new P-Zeros were still coated in white mounting gel and looked straight out of a junkyard. I know I asked them not to wash the car, but c'mon, get a rag and wipe that stuff off. Make it look like a $4,200 service. The GPS was not reset and still showed another state. I'm not looking to whine here, but if this is the work that was demonstrably done (or not done) on the stuff I know about, it casts a really bad light on their work on the stuff I'm not familiar with and can't check.
The icing on the cake was the repeated texts asking for a high score on the service rating. I told the SA I was doing him a favor by not responding as my experience with them was poor, and rather than try to correct anything, just said 'thanks'.
If this is their 'service' department, I'd hate to see their sales.
Last edited by pydpyypr; 02-06-2023 at 09:31 AM.
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Spiffx (02-06-2023)
#188
Three Wheelin'
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Not to mention that some of these “no ADM” guys will be paying Porsche $20k more in two years even at sticker rather than paying a dealer $10k in ADM to have a car this year. But they’ll be able to say that “I didn’t pay over sticker” I suppose. The way I see it, these past few years have shown us that life is short ultimately and that we should be doing more things that bring joy into our lives. I classify 911s in the joy category.
#189
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If you search through RL, you'll see Porsche Westwood never had a great reputation to begin with. I used them for service as they were closest to me, but after a recent major, I won't be making that mistake again. Had a bubble in my tire and was due on time for my 911's 40k major. I dropped it off and asked them to do the service, replace the tire and reset the GPS, as it still showed the prior owner's region in another part of the country. I asked them not to wash it, and they gave me a Macan while they did the work.
When I went to pick it up a day or two later around 3:30 in the afternoon, most of the place had cleared out. The SA I'd worked with previously (and tipped) had left early -the SA who was covering didn't really know what work was done. The new P-Zeros were still coated in white mounting gel and looked straight out of a junkyard. I know I asked them not to wash the car, but c'mon, get a rag and wipe that stuff off. Make it look like a $4,200 service. The GPS was not reset and still showed another state. I'm not looking to whine here, but if this is the work that was demonstrably done (or not done) on the stuff I know about, it casts a really bad light on their work on the stuff I'm not familiar with and can't check.
The icing on the cake was the repeated texts asking for a high score on the service rating. I told the SA I was doing him a favor by not responding as my experience with them was poor, and rather than try to correct anything, just said 'thanks'.
If this is their 'service' department, I'd hate to see their sales.
When I went to pick it up a day or two later around 3:30 in the afternoon, most of the place had cleared out. The SA I'd worked with previously (and tipped) had left early -the SA who was covering didn't really know what work was done. The new P-Zeros were still coated in white mounting gel and looked straight out of a junkyard. I know I asked them not to wash the car, but c'mon, get a rag and wipe that stuff off. Make it look like a $4,200 service. The GPS was not reset and still showed another state. I'm not looking to whine here, but if this is the work that was demonstrably done (or not done) on the stuff I know about, it casts a really bad light on their work on the stuff I'm not familiar with and can't check.
The icing on the cake was the repeated texts asking for a high score on the service rating. I told the SA I was doing him a favor by not responding as my experience with them was poor, and rather than try to correct anything, just said 'thanks'.
If this is their 'service' department, I'd hate to see their sales.
I have bounced around over the years to all the Boston based Porsche dealers and I just finally realized that it was worth my time to commit to one, build the relationship, get to know the managers etc and work through any situations that were not perfect. They want a long term relationship with their clients, and once that is in place, the whole experience is significantly better... buying and servicing.
#190
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Well if you want to get in to this level of detail for the consideration of paying higher MSRP next year then there is also this:
1. You pay an extra year of insurance
2. Your car is worth less when you sell it
3. You lose out on new year changes
4. You pay another year of excise taxes (if your state charges)
5. Your contributing to more ADMs in the future
6. Your money is not earning interest for the year. An 11 month no penalty CD for early withdrawal at Ally online bank more than covers the MSRP increase.
So all in all, paying a high ADM because the MSRP might be higher next year is not good advice. Do it if just want the car, there is no financial benefit.
1. You pay an extra year of insurance
2. Your car is worth less when you sell it
3. You lose out on new year changes
4. You pay another year of excise taxes (if your state charges)
5. Your contributing to more ADMs in the future
6. Your money is not earning interest for the year. An 11 month no penalty CD for early withdrawal at Ally online bank more than covers the MSRP increase.
So all in all, paying a high ADM because the MSRP might be higher next year is not good advice. Do it if just want the car, there is no financial benefit.
I would argue that a price increase next year is likely based on constrained supply, consistent demand, continued inflation, the Porsche IPO, and the 992.2 refresh. It's a bet to be sure, but it's also a reasonable one. Heck, it's a bet to even wait for the .2 without knowing what Porsche is going to do with the hybrid drivetrain, gas particulate filters, digital dash, and even the styling (though there shouldn't be any issues on that last point).
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Vicbastige (02-06-2023)
#191
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To be clear, I hate the fact that we're even at a point that dealers can charge ADMs but that's Economics 101 so I don't agree with people here jumping on prospective buyers for considering paying ADMs to get a car. There are people out there trying to get into their first new 911 and don't have the luxury of waiting out the current situation in their 991.2 or whatever.
#192
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To be clear, I hate the fact that we're even at a point that dealers can charge ADMs but that's Economics 101 so I don't agree with people here jumping on prospective buyers for considering paying ADMs to get a car. There are people out there trying to get into their first new 911 and don't have the luxury of waiting out the current situation in their 991.2 or whatever.
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FirstPorscheGT3 (02-16-2023)
#193
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I was chatting with my SA today about my future (hopefully) 4RS allocation. I buy a lot of cars from them. And as much as I dislike ADMs, he shared that a bonus 992 C2S Coupe and C4GTS Coupé are available...they're asking $10k ADM, which doesn't sound too too egregious, but I know that's subjective. He mentioned free shipping too. I know it's ironic I'm even mentioning this given my username, but at least they're nice specs and available now lol. If anyone wants to see the spec or wants his contact lmk!
Last edited by ADMfighter63; 02-07-2023 at 01:27 PM.
#194
Racer
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Always going to be a tough conversation with ADM. Porsche cannot do anything about it, but "suggest" that dealers do not do it, as well as penalize us by not giving "bonus" cars because of it.
Some don't care, it's just a business decision for some.
People don't want to pay over MSRP, but people also want over MSRP for used 911's.
But if people all bought at MSRP, would this be resolved? Who knows...
With 2023, Porsche isn't bringing a ton more cars over to North America, so it's far from over...
Some don't care, it's just a business decision for some.
People don't want to pay over MSRP, but people also want over MSRP for used 911's.
But if people all bought at MSRP, would this be resolved? Who knows...
With 2023, Porsche isn't bringing a ton more cars over to North America, so it's far from over...
#195
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Anyone else noticing this?
I got a targa 4s allocation out of state for 20k and then asked around in my local state. One dealer said they could try to match even though dealerships are going 30 to 40 over MSRP in my state. Another local dealer said 30 which shows it's dropping. Anyone else seeing this?
I got a targa 4s allocation out of state for 20k and then asked around in my local state. One dealer said they could try to match even though dealerships are going 30 to 40 over MSRP in my state. Another local dealer said 30 which shows it's dropping. Anyone else seeing this?
Be cautious about the semantics of ADM. When I was researching dealerships in my area, the sales manager at a high-volume dealership told me that his dealership offers straight MSRP deals - - no ADMs. Approximately two weeks after my conversation with the sales manager, I talked with a fellow car club member about his experience at the sales manager's dealership. He was required to pay approximately $15,000 over MSRP for his new 911. The additional cost included wheel insurance, paint protection film, Ceramic Pro and other "options." So how does the sales manager reconcile his statement about straight MSRP but is selling cars with $15,000 of required "options" over MSRP? Apparently his interpretation of ADM is a markup on a Porsche model that provides no benefit other than the opportunity of purchasing the desired car. For example, if he were selling a 2023 Targa 4S that costs $165,000 for an additional $30,000 for the privilege of purchasing it, he would consider the $30,000 an ADM. However, if he added $30,000 worth of paint protection film, wheel protection, Ceramic Pro, etc at MSRP prices, he would claim that he is selling the car at straight MSRP. So, when you order your new car, be prepared to pay more than MSRP - - one way or another - - until Porsche sales return to more normal conditions, hopefully by next year.