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

[FourWheelTrader] Warning: Don't Buy a Porsche 911 Carrera Until You Watch This!

Thread Tools
 
Search this Thread
 
Old 03-05-2023, 04:46 PM
  #1  
ipse dixit
RL Community Team
Rennlist Member
Thread Starter
 
ipse dixit's Avatar
 
Join Date: Sep 2005
Posts: 16,872
Likes: 0
Received 11,542 Likes on 5,065 Posts
Default [FourWheelTrader] Warning: Don't Buy a Porsche 911 Carrera Until You Watch This!

992 begins @6:10
The following users liked this post:
Honza (03-05-2023)

Popular Reply

03-05-2023, 08:57 PM
detansinn
RL Community Team
Rennlist Member
 
detansinn's Avatar
 
Join Date: Jan 2019
Location: Doylestown, PA
Posts: 5,655
Received 8,099 Likes on 2,995 Posts
Default

Originally Posted by 22992
Let me summarize: If you paid ADM on a GTS or S, you’ve now lost it all
This was always true. ADM is money out the window. The best ROI is driving your car.
Old 03-05-2023, 05:09 PM
  #2  
PHX
Burning Brakes
 
PHX's Avatar
 
Join Date: Mar 2020
Location: Naples, FL
Posts: 1,095
Received 669 Likes on 434 Posts
Default

What exactly is the data point of "price"?

I have yet to see/hear him explain that.

Just curious.
Old 03-05-2023, 07:39 PM
  #3  
22992
Burning Brakes
 
22992's Avatar
 
Join Date: Dec 2021
Posts: 1,042
Received 796 Likes on 427 Posts
Default

Let me summarize: If you paid ADM on a GTS or S, you’ve now lost it all
The following 2 users liked this post by 22992:
detansinn (03-05-2023), Patek (03-31-2023)
Old 03-05-2023, 08:57 PM
  #4  
detansinn
RL Community Team
Rennlist Member
 
detansinn's Avatar
 
Join Date: Jan 2019
Location: Doylestown, PA
Posts: 5,655
Received 8,099 Likes on 2,995 Posts
Default

Originally Posted by 22992
Let me summarize: If you paid ADM on a GTS or S, you’ve now lost it all
This was always true. ADM is money out the window. The best ROI is driving your car.
The following 12 users liked this post by detansinn:
aggie57 (03-05-2023), Budman1 (03-10-2023), Guzzgreg (03-06-2023), KLOC (03-08-2023), KSG1965 (03-10-2023), minn19 (03-08-2023), Motorin Mark (03-06-2023), Patek (03-31-2023), por356 (03-06-2023), siberian (03-05-2023), TheGeneral (03-06-2023), UncleDude (03-08-2023) and 7 others liked this post. (Show less...)
Old 03-05-2023, 09:10 PM
  #5  
siberian
RL Community Team
Rennlist Member
 
siberian's Avatar
 
Join Date: Oct 2019
Location: Moose Mtn. Alaska
Posts: 5,523
Received 2,300 Likes on 1,367 Posts
Default

It reinforces my gratitude of having gotten a D in Accounting and Finance in college; meaning I would never have to take this stuff again. I need a drink after that...

siberian

Last edited by siberian; 03-05-2023 at 09:12 PM.
The following 2 users liked this post by siberian:
detansinn (03-06-2023), KSG1965 (03-10-2023)
Old 03-06-2023, 08:51 AM
  #6  
icanthelpit
Burning Brakes
 
icanthelpit's Avatar
 
Join Date: Jun 2018
Posts: 1,112
Received 876 Likes on 416 Posts
Default

ADM = Absolutely Disposable Money
The following 4 users liked this post by icanthelpit:
detansinn (03-06-2023), Guzzgreg (03-06-2023), Patek (03-31-2023), shrimp money (03-06-2023)
Old 03-06-2023, 09:23 AM
  #7  
tomtomtomtom
Racer
 
tomtomtomtom's Avatar
 
Join Date: Oct 2022
Location: North of Boston
Posts: 307
Received 262 Likes on 131 Posts
Default

Let's be a little bit real here...we spent a lot of disposable income on a nice car and enjoy driving it. I would venture to guess that there are not a lot of owners here that will be influenced too much worrying if they should hold off buying because things might go south.

Last edited by tomtomtomtom; 03-06-2023 at 09:25 AM.
The following 3 users liked this post by tomtomtomtom:
Andy2021 (03-11-2023), Patek (03-31-2023), raider888 (03-06-2023)
Old 03-06-2023, 02:45 PM
  #8  
remington
Burning Brakes
 
remington's Avatar
 
Join Date: Jun 2006
Location: California
Posts: 1,082
Received 1,448 Likes on 517 Posts
Default

There's some misunderstanding here probably based on the clickbaitey title...this video reviews the USED market for all modern generation Carreras. It doesn't speak to new car prices. So while I would agree that yes, in general ADM is money lost, the video simply points out that the used 911 market is trending towards pre-pandemic levels.

It also shows some interesting secondary trends, like S and GTS models more recently losing value at a faster rate than the base models in some generations.
Old 03-06-2023, 03:12 PM
  #9  
Johnauto
Racer
 
Johnauto's Avatar
 
Join Date: May 2019
Posts: 364
Received 88 Likes on 63 Posts
Default

Originally Posted by remington
There's some misunderstanding here probably based on the clickbaitey title...this video reviews the USED market for all modern generation Carreras. It doesn't speak to new car prices. So while I would agree that yes, in general ADM is money lost, the video simply points out that the used 911 market is trending towards pre-pandemic levels.

It also shows some interesting secondary trends, like S and GTS models more recently losing value at a faster rate than the base models in some generations.
Are the S and GTS in the 992 generation losing more value than the Turbo S? I’m on a waitlist for a Turbo S but it is at least 2 years long. GTS waitlist is supposedly only 1 year. May pivot to GTS list.
Old 03-06-2023, 03:19 PM
  #10  
ipse dixit
RL Community Team
Rennlist Member
Thread Starter
 
ipse dixit's Avatar
 
Join Date: Sep 2005
Posts: 16,872
Likes: 0
Received 11,542 Likes on 5,065 Posts
Default

Originally Posted by Johnauto
Are the S and GTS in the 992 generation losing more value than the Turbo S? I’m on a waitlist for a Turbo S but it is at least 2 years long. GTS waitlist is supposedly only 1 year. May pivot to GTS list.
From what I am hearing, TT and TTS allocations should be coming down the pipeline in more volume than in the past 2 years. Not sure if that means there will be more allocations than GTS, as I am not sure how GTS v. TT/TTS allocations compared historically.
Old 03-06-2023, 05:07 PM
  #11  
rk-d
Rennlist Member
 
rk-d's Avatar
 
Join Date: Jun 2015
Posts: 8,145
Received 6,465 Likes on 2,813 Posts
Default

Originally Posted by Johnauto
Are the S and GTS in the 992 generation losing more value than the Turbo S? I’m on a waitlist for a Turbo S but it is at least 2 years long. GTS waitlist is supposedly only 1 year. May pivot to GTS list.
Turbo S were trading in at MSRPa few months ago - they may be trading in below MSRP at this point.

Resale has dropped pretty dramatically on the TTS, I think. Some people who paid $100k over sticker are going to get hammered. TTS has never held value like a GT car, so pricing them like a GT car was a ticking time bomb. Same with GTS and S.

Really it depends on what you're paying - if you're getting a TTS at sticker, you'll be fine. You'll take a depreciation hit come resale time, but that's normal.
Old 03-08-2023, 11:54 AM
  #12  
Ray K.
Rennlist Member
 
Ray K.'s Avatar
 
Join Date: Apr 2022
Location: Melrose, MA
Posts: 233
Received 86 Likes on 55 Posts
Default

With the annual price increases on 992's, I would think this helps keeps the secondary market pricing strong. At least I hope it does as I'm about to purchase a 2021.
Old 03-08-2023, 09:22 PM
  #13  
Jimmy-D
Race Director
 
Jimmy-D's Avatar
 
Join Date: Mar 2014
Location: Midwest
Posts: 11,267
Received 1,451 Likes on 755 Posts
Default

Honestly- these are depreciating assets.

If that bothers you one should not buy them
The following 8 users liked this post by Jimmy-D:
aggie57 (03-08-2023), Andy2021 (03-11-2023), C2heritage (03-10-2023), Guzzgreg (03-10-2023), KLOC (03-08-2023), KSG1965 (03-10-2023), TheGeneral (03-08-2023), Wilder (03-08-2023) and 3 others liked this post. (Show less...)
Old 03-08-2023, 10:04 PM
  #14  
Wilder
Rennlist Member
 
Wilder's Avatar
 
Join Date: Jun 2006
Location: Somewhere in Mexico
Posts: 6,562
Received 5,007 Likes on 1,776 Posts
Default

Originally Posted by Jimmy-D
Honestly- these are depreciating assets.

If that bothers you one should not buy them
100%

And yet supply of new cars remains tight, which ought to keep the used market relatively stable. Porsches don't depreciate like BMW or MB.
Old 03-09-2023, 11:27 PM
  #15  
Newport IRL
Instructor
 
Newport IRL's Avatar
 
Join Date: Nov 2021
Posts: 166
Received 77 Likes on 52 Posts
Default

Originally Posted by Jimmy-D
Honestly- these are depreciating assets.

If that bothers you one should not buy them
I depreciate every car I have ever purchased to zero in my head the day I buy it.
The following users liked this post:
Larson E. Rapp (03-10-2023)


Quick Reply: [FourWheelTrader] Warning: Don't Buy a Porsche 911 Carrera Until You Watch This!



All times are GMT -3. The time now is 07:57 PM.