ADMs dropping
#451
Rennlist Member
I'm still looking for a MY 2024 Turbo S allocation with no ADM.
Not PTS, but my build MSRP is in the upper $250s.
Are there areas of the USA where slots are available without ADM yet?
Not PTS, but my build MSRP is in the upper $250s.
Are there areas of the USA where slots are available without ADM yet?
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shrimp money (02-20-2023)
#453
Rennlist Member
Cash for toys is an excellent way to go and not cash from raping equity in a home. A guy who needs to find a 3% rate on a Porsche purchase to make it fit into his family budget where there is already a stack of payment coupon books is absolutely crazy. Some people justify this type of financial recklessness as "The American Way". Been hearing that one since I was a youngster in the 70s.
i made most of the money as an engineer, but not a lot of money. My wife and i both maxed out our retirement account options every working year.
I learned to manage our investments.
Today we have a lot more income than when we were working, and about 40% of our IRA rollover accounts are Roth, thanks to a couple nice conversions during severe bear markets.
To say we are not hurting financially would be an understatement.
Bring on that 2024 911 Turbo S allocation without ADM, and I'm ready for it!!9
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IPA1 (02-21-2023)
#454
i spoke to my SA this morning to finalize my taycan order and share my interest in cayenne refresh. he mentioned they have a new 2023 Carrera 4S Coupé with a Manual available...he said ADM is $7500 and the buyer is responsible for shipping, if applicable. if i didn't already have so much going on, i'd be very tempted! Lol if anyone wants his info/spec, lmk. i think it's at the US port?
#455
Race Car
Auction prices are not sinking. 1st 15 days of Feb. Up 4.1% vs January and down 7.3% vs Feb 22'. This is Manheim composite across all price tiers from 3K beaters to six figure vehicles. Available to anyone with a Google search. First hand knowledge, high end luxury, up more than 4.1%.
There are fewer cars coming off lease (due to a lack of cars being leased during Covid) and it lead to a surprising/whopping 4.1% increase the first half of February.
Knowledge is power.
Last edited by Diablo Dude; 02-22-2023 at 11:49 AM.
#456
Race Car
The ADM thing is now becoming a joke… cars are becoming available and used prices are dropping but dealerships will do everything to squeeze out the final drops from retail pockets (i get it.. it’s not their faults… blah blah..) . Just a few years ago I was getting almost 7% of builds! Crazy wacky world still. Won’t last much longer. Auction prices are sinking quick for some brands and all are dropping for others.
You're not paying attention.
#457
Rennlist Member
ADM waived
Data point: my SA waived the $15,000 ADM on a new custom build Targa 4 GTS as long as I do European delivery to which I happily said yes
So I get the exact car I want; no ADM, a memorable trip, a purchase from my local dealer to further cement that relationship and the car delivered to my local dealer (I was searching nationwide).
I will know shortly if the ED puts me ahead of the other 2 waiting on the list; it will if they did not opt for ED. For reference the C2S list is 21 and didn't move at all when I was on it for 6 months.
Fall ETA and I am excited!
So I get the exact car I want; no ADM, a memorable trip, a purchase from my local dealer to further cement that relationship and the car delivered to my local dealer (I was searching nationwide).
I will know shortly if the ED puts me ahead of the other 2 waiting on the list; it will if they did not opt for ED. For reference the C2S list is 21 and didn't move at all when I was on it for 6 months.
Fall ETA and I am excited!
#459
Pro
This is not true at all, I was able to find several dealers without ADM. Turbo might be different story, but Carrera's are not hard to find without ADM in FL.
#460
Rennlist Member
I was told by a Porsche source that some dealers are buying back ordered new cars, paying a profit to the customer, and jacking up the prices for a nice profit. Hymm?
#461
Race Car
#462
Pro
ADM or not, it will be very difficult to find a single dealer with an actual available C2 Carrera allocation let alone "several" dealers with them. In other words, a dealer that will put you on a waitlist at MSRP that has no allocations is not the same as finding a dealer without ADM. Any smart dealer manager will instruct the SA's to gladly accept MSRP requests for the internal waitlist that will continue to grow and not be touched or used until possibly some day in the future if /when ADM has vanished from the equation. In the meantime the "other" waitlist with customers willing to pay some form of ADM etc. will continue with those clients receiving the official V70 demand orders and V200 allocations. Whether we as consumers like it or not, it is just simple math.
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Nein Eleven (02-23-2023)
#463
Pro
Porsche Clearwater offered get me C2 allocation in June with no ADM. Naples claimed no ADM on any models. South Orlando no ADM if you go on waitlist. Ft. Myers required $2500 protection package. Tampa no ADM but wanted you to do Porsche Financing and PPF/ceramic.
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Master Deep (02-22-2023)
#464
Rennlist Member
I just cleared my first new 911 purchase without paying ADM or getting beaten up on trade. The dealer was fantastic and all promises made were promises kept.
Feb '22 - Bought *new* 2020 C2S w/ 10,500mi - $130k. Bought the car with a verbal promise of a '23 GTS build slot
May '22 - Submit '23 GTS build code
October '22 - Car is in production
December '22 - Dealer confirms car will be sold at sticker. I immediately think I'm going to get bent over on trade. (expecting an offer in the $90k's)
Jan '23 - Lock in PECATL atlanta.. Still not sure on what 'deal' I was going to get.
Feb '23 - Dealer bought the car back yesterday for $118k ($127k effective price thanks to tax credit on trade)
Picking up the car next Thursday at PECATL and driving home. I am beyond excited to take delivery.
Feb '22 - Bought *new* 2020 C2S w/ 10,500mi - $130k. Bought the car with a verbal promise of a '23 GTS build slot
May '22 - Submit '23 GTS build code
October '22 - Car is in production
December '22 - Dealer confirms car will be sold at sticker. I immediately think I'm going to get bent over on trade. (expecting an offer in the $90k's)
Jan '23 - Lock in PECATL atlanta.. Still not sure on what 'deal' I was going to get.
Feb '23 - Dealer bought the car back yesterday for $118k ($127k effective price thanks to tax credit on trade)
Picking up the car next Thursday at PECATL and driving home. I am beyond excited to take delivery.
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#465
Burning Brakes
@shrimp money there are two examples, if you're shopping. And of course will pay cash, then brag about it.