ADMs dropping
02-01-2023, 08:40 PM
#121
02-01-2023, 09:28 PM
#122
Instructor
The following 3 users liked this post by uter:
02-01-2023, 09:38 PM
#123
Race Car
The following 3 users liked this post by shrimp money:
02-01-2023, 09:39 PM
#124
Drifting
Very true, the Fed tossed in the towel today and these bubbles are all coming back - especially crypto.
02-01-2023, 09:45 PM
#125
Man, I wish I truly felt I could address this. I’m kinda stuck, I pre-traded my car and I’m in the hole on that front. So leverage is in the dealer’s corner I feel. I agreed to 15k on my GTS back in Oct (due here in a month), and I somewhat justified it given half of the ADM was “covered” by my above market exit on my ‘22 RS7. I have signed bill of sale docs with the 15k, so if I even attempted a negotiation I feel like I’d be shown the door. It’s a crapshoot for sure, but I’m in the Dallas market and I feel like someone would step in behind me for sure. May not be their first call to arms, but they’d find a buyer. In the end I’m not in a position to walk away, but financially between the adventitious trade and potential price increase at this point (assuming I’d go to 2024 at MSRP) I feel like it is what it is. Apologies for the logic rambling, but that’s where I’m at personally. Yes, I dug my own hole I’m aware…but pardon my French, F it as this point. Car is almost here and let the enjoyment reign.
Edit: I will say however, which is likely counter to my above situation, the fact I was 6th in line and I was able to negotiate the ADM to 15k I think is a sign. Even at 15k I was also still told I wouldn’t see a car for 18 mos, but when the call came people in front of me clearly passed on ADM. So clearly things were moving even back in Oct regarding who was and who wasn’t willing to pay ADM. In the end you do what you think is right for you.
Edit: I will say however, which is likely counter to my above situation, the fact I was 6th in line and I was able to negotiate the ADM to 15k I think is a sign. Even at 15k I was also still told I wouldn’t see a car for 18 mos, but when the call came people in front of me clearly passed on ADM. So clearly things were moving even back in Oct regarding who was and who wasn’t willing to pay ADM. In the end you do what you think is right for you.
Last edited by TexasIowan; 02-01-2023 at 10:02 PM.
The following users liked this post:
johny221 (02-01-2023)
02-01-2023, 10:01 PM
#126
Race Car
Man, I wish I truly felt I could address this. I’m kinda stuck, I pre-traded my car and I’m in the hole on that front. So leverage is in the dealer’s corner I feel. I agreed to 15k on my GTS back in Oct (due here in a month), and I somewhat justified it given half of the ADM was “covered” by my above market exit on my ‘22 RS7. I have signed bill of sale docs with the 15k, so if I even attempted a negotiation I feel like I’d be shown the door. It’s a crapshoot for sure, but I’m in the Dallas market and I feel like someone would step in behind me for sure. May not be their first call to arms, but they’d find a buyer. In the end I’m not in a position to walk away, but financially between the adventitious trade and potential price increase at this point (assuming I’d go to 2024 at MSRP) I feel like it is what it is. Apologies for the logic rambling, but that’s where I’m at personally. Yes, I dug my own hole I’m aware…but pardon my French, F it as this point. Car is almost here and let the enjoyment reign.
02-01-2023, 10:01 PM
#127
Rennlist Member
Man, I wish I truly felt I could address this. I’m kinda stuck, I pre-traded my car and I’m in the hole on that front. So leverage is in the dealer’s corner I feel. I agreed to 15k on my GTS back in Oct (due here in a month), and I somewhat justified it given half of the ADM was “covered” by my above market exit on my ‘22 RS7. I have signed bill of sale docs with the 15k, so if I even attempted a negotiation I feel like I’d be shown the door. It’s a crapshoot for sure, but I’m in the Dallas market and I feel like someone would step in behind me for sure. May not be their first call to arms, but they’d find a buyer. In the end I’m not in a position to walk away, but financially between the adventitious trade and potential price increase at this point (assuming I’d go to 2024 at MSRP) I feel like it is what it is. Apologies for the logic rambling, but that’s where I’m at personally. Yes, I dug my own hole I’m aware…but pardon my French, F it as this point. Car is almost here and let the enjoyment reign.
02-01-2023, 10:10 PM
#129
Advanced
Don't beat yourself up. All will be forgotten once you get that baby out on the road.
02-01-2023, 10:11 PM
#130
Race Car
02-01-2023, 10:17 PM
#131
The following 3 users liked this post by TexasIowan:
02-01-2023, 10:30 PM
#132
Racer
Man, I wish I truly felt I could address this. I’m kinda stuck, I pre-traded my car and I’m in the hole on that front. So leverage is in the dealer’s corner I feel. I agreed to 15k on my GTS back in Oct (due here in a month), and I somewhat justified it given half of the ADM was “covered” by my above market exit on my ‘22 RS7. I have signed bill of sale docs with the 15k, so if I even attempted a negotiation I feel like I’d be shown the door. It’s a crapshoot for sure, but I’m in the Dallas market and I feel like someone would step in behind me for sure. May not be their first call to arms, but they’d find a buyer. In the end I’m not in a position to walk away, but financially between the adventitious trade and potential price increase at this point (assuming I’d go to 2024 at MSRP) I feel like it is what it is. Apologies for the logic rambling, but that’s where I’m at personally. Yes, I dug my own hole I’m aware…but pardon my French, F it as this point. Car is almost here and let the enjoyment reign.
Edit: I will say however, which is likely counter to my above situation, the fact I was 6th in line and I was able to negotiate the ADM to 15k I think is a sign. Even at 15k I was also still told I wouldn’t see a car for 18 mos, but when the call came people in front of me clearly passed on ADM. So clearly things were moving even back in Oct regarding who was and who wasn’t willing to pay ADM. In the end you do what you think is right for you.
Edit: I will say however, which is likely counter to my above situation, the fact I was 6th in line and I was able to negotiate the ADM to 15k I think is a sign. Even at 15k I was also still told I wouldn’t see a car for 18 mos, but when the call came people in front of me clearly passed on ADM. So clearly things were moving even back in Oct regarding who was and who wasn’t willing to pay ADM. In the end you do what you think is right for you.
Timeline:
Order created 9-14-22
Order scheduled for production 10-31-22
Vehicle produced 12-12-22
Vehicle arrives at dealer on 1-26-23
Picked up and shifting gears 1-30-23
TYD was right on target for me.
Did not even attempt to change ADM.
Two hour ride home in my new 911S created to my exact specifications, without waiting TWO years.......Priceless......Done forgot all about that $15K.....Life is short, enjoy your ride!
Last edited by Motorin Mark; 02-01-2023 at 11:22 PM. Reason: Spelling
02-02-2023, 03:16 PM
#133
RL Community Team
Rennlist Member
Rennlist Member
02-02-2023, 03:25 PM
#134
Racer
Was this written by AI? (really) It's almost not readable.
Last edited by Shambler; 02-02-2023 at 03:52 PM. Reason: undeleting...since it was replied to