Did Porsche Over Produce the TT or Under Price It?
08-11-2005, 08:16 PM
#16
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"nice avatar gtessier"... I agree.
I think the excess depreciation is impacted by the financing of used cars.
How many have leased the cars? Can you lease a used car? If financing were easier the depreciation would be reduced considerably. The credit qualification is greater with a used car as well as the interest rate (many times)
Competition was also mentioned. A new Z financed by a dealer (lease) would have less of a payment therefore more affordable. The finance guys in some of these dealerships can qualify my dog for the car.
I think the excess depreciation is impacted by the financing of used cars.
How many have leased the cars? Can you lease a used car? If financing were easier the depreciation would be reduced considerably. The credit qualification is greater with a used car as well as the interest rate (many times)
Competition was also mentioned. A new Z financed by a dealer (lease) would have less of a payment therefore more affordable. The finance guys in some of these dealerships can qualify my dog for the car.
01-03-2006, 09:04 PM
#17
I have a 2005 911 turbo s Cabo and the MSRP was $171,000. It was one of the las few still new cars in the country. I paid $10,000 under MSRP.
I think I got a great deal because I love the car. I was told that less that 350 2005 S models were produced. Is that true? If so, it is not overproduced.
I think I got a great deal because I love the car. I was told that less that 350 2005 S models were produced. Is that true? If so, it is not overproduced.
01-03-2006, 09:58 PM
#19
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Over produced? Based on who's opinion... Not Porsche... They sold all they wanted to... They don't care about resale values. When this car came out the market was a place when anyone with a half of brain, a margin account and some motivation to do so, couldn't help but make disposable income... (where are they all now.. 
)
With the ".com" run as they say, their base for prospective buyers increased dramaticly. So they produced what they could sell... Smart business to me... I guess they could have increased the price, but it made more sense to increase production as long as the market could handle it. May not have been in my best interest for resale value of my car, but as stated above, if you bought your car as an investment, you made a bad investment.
Oh, and the "996TT S" will never have the glory of the 993TT S.. All it is, is a 996TT with X50 and a bunch of options they had left at the factory that they packaged together to sell.. The true "S's" are the 993's..
996TT S's, are still great cars..
We need to enjoy our cars and not worry about depreciation as you can't do anything about it anyway.. My dollars spent after the 139 MSRP amounts to 40K+..
Just enjoy this great car!!
) With the ".com" run as they say, their base for prospective buyers increased dramaticly. So they produced what they could sell... Smart business to me... I guess they could have increased the price, but it made more sense to increase production as long as the market could handle it. May not have been in my best interest for resale value of my car, but as stated above, if you bought your car as an investment, you made a bad investment.
Oh, and the "996TT S" will never have the glory of the 993TT S.. All it is, is a 996TT with X50 and a bunch of options they had left at the factory that they packaged together to sell.. The true "S's" are the 993's..
996TT S's, are still great cars..
We need to enjoy our cars and not worry about depreciation as you can't do anything about it anyway.. My dollars spent after the 139 MSRP amounts to 40K+..
Just enjoy this great car!!
01-03-2006, 10:19 PM
#21
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Originally Posted by Gary (Fl)
We need to enjoy our cars and not worry about depreciation as you can't do anything about it anyway..
01-04-2006, 10:28 AM
#25
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Originally Posted by Gary (Fl)
Over produced? Based on who's opinion... Not Porsche... They sold all they wanted to... They don't care about resale values.!
01-04-2006, 01:13 PM
#26
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Originally Posted by dfarrow
They should - at least to the extent that if resales values sink enough, many potential customers will go used rather than new. The decreasing sales numbers after 01 reflect that and saturation and the dotcom bust.
Decreasing values to the extent you are talking will bring in another segment of buyers that would not spend 125+ on a new TT.. They may spend 60-70 or whatever... But the 125+ buyers will be buying new 997TT's. I'm sure they will be more than 125K also.
By the way... Nice car...
01-04-2006, 01:57 PM
#27
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I'm one of those buyers.
Next summer I'll be able to spend approx $80k on a car. My decision is narrowed down to:
1. Used 997S
2. Used 996tt
I wish I could decide between the two, but hell since I'll never be able to afford a new 911 turbo this might be my chance to get into one!
-Aaron
Next summer I'll be able to spend approx $80k on a car. My decision is narrowed down to:
1. Used 997S
2. Used 996tt
I wish I could decide between the two, but hell since I'll never be able to afford a new 911 turbo this might be my chance to get into one!
-Aaron
01-04-2006, 06:04 PM
#29
Originally Posted by Gary (Fl)
Over produced? Based on who's opinion... Not Porsche... They sold all they wanted to... They don't care about resale values.
Love the car, got a 45% discount from new.....I imagine the original owner was quite pissed though
01-04-2006, 06:49 PM
#30
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Originally Posted by Shark
I think they DO care because it affects what they can sell future cars for. I think they took a big hit on this car (which I believe affected CGT sales, or lack thereof), and as a result will use a "trickle" marketing strategy with the 997TT to keep this in check, similar to the NA 997 strategy, where there is a limited stock avilable.
Love the car, got a 45% discount from new.....I imagine the original owner was quite pissed though
Love the car, got a 45% discount from new.....I imagine the original owner was quite pissed though
CGT sales are a different ball game.. There are many more people that can buy a 996TT than a CGT... and a 996TT is a daily driver for many.
They always build up demand on new cars by limiting the availablity... Look at the morons paying 20K over sticker for a new Z06.. You want to talk depreciation as soon as next years model hits the streets.. We can disagree on Porsche taking a "big hit" on the 996TT... I don't think they did....
They always trickle out new cars.... They did the same with the 996TT, there were waiting lists a mile long everywhere. Then they ramp up production to their sales projections.