Is it time to buy?
02-06-2008, 04:33 PM
#1
Is it time to buy?
What do you think? Is it a good time to buy now? Should I wait for the 09? Will the slow economy allow more negotiation?
I will likely order a C2S with msrp around 102 since they do not have what I want in stock.
I will likely order a C2S with msrp around 102 since they do not have what I want in stock.
02-06-2008, 07:30 PM
#6
Racer
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To be sure, you'd need some insider info. Otherwise, you have to ask yourself a few questions including, do you require the latest and newest updates?, are you willing to take a chance that you will have to pay ~10k more for very close to the same car with an '09 after price increase and loss of discount?, are you buying a manual tranny?, do you mind taking somewhat of a risk with the new for 997 DFI technology in exchange for better fuel economy and perhaps slightly higher HP? I wouldn't bet on huge discounts due to the economy in the US. Porsche will ship cars wherever they are selling and wherever the money happens to be. While the US dealers may suffer in the coming months, I don't see PAG taking big losses.
02-06-2008, 08:36 PM
#7
Three Wheelin'
PS - If I violated any Rules with this post pls feel free to delete as nec; just trying to be helpful to the OP
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02-06-2008, 10:38 PM
#9
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I'm not an economist, I dont play one on TV, and I did not stay at a Holiday Inn last night! But I follow the markets pretty closely and I would say global economy = global recession. There might even be a few people employed in this country that will be selling, transporting, and maintaining that car. Don't forget all the various taxes , registrations, and insurance policies that will be purchased along the way. True buying a Corvette may help the US more directly but thats another board now isnt it?
02-06-2008, 11:30 PM
#10
Poseur
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There are several factors in your favor for a new car.
(1) The 911 production numbers are still fairly high,--dealerships want to move on their allocations.
(2) Porsche is releasing a minor face-lift to the 997 this Fall. The MY08 models will be considered less desirable (they're fine).
(3) The US slow down is affecting everyone for the most part.
Anyone walking in to buy a Porsche is clearly not impacted by a recession. Go for it.
Negotiate hard...some time back I posted information on the dealer mark up (% profit on options, and % profit on the basic car). Look for that to see how much they're getting anyway.
(1) The 911 production numbers are still fairly high,--dealerships want to move on their allocations.
(2) Porsche is releasing a minor face-lift to the 997 this Fall. The MY08 models will be considered less desirable (they're fine).
(3) The US slow down is affecting everyone for the most part.
Anyone walking in to buy a Porsche is clearly not impacted by a recession. Go for it.
Negotiate hard...some time back I posted information on the dealer mark up (% profit on options, and % profit on the basic car). Look for that to see how much they're getting anyway.
02-07-2008, 08:36 AM
#11
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If you are really trying to get the absolute best "price" then just keep walking out after expressing some interest in whatever car they have in inventory that you would buy. Eventually one dealer will call you back and try to sell. But be ready to buy a car that may not be exactly what you are looking for. I remember walking into Braman with my business partner and he wanted a 996TT. They had one that was black with a blood red interior that had been sitting there for quite a while. They were desperate to sell it. However, even at the incredible price they were offering, he just couldn't imagine sitting inside blood! Somebody got a good deal on that one!
02-07-2008, 03:01 PM
#13
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I picked up an 08 C2_S at the end of september 2007. Built the car in July. The dealer had plenty of 2007's on the lot (not the color I wanted). The difference between the 08 and 07 base price was $1200 dollars. The 08 models have no major improvements over the 07 models. So who knows what the base price of the MY 09 will be over the MY 08 cars.
02-07-2008, 04:29 PM
#14
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With regards to leasing an ordered car you must understand that money factors (rates), residual values and terms change- sometimes monthly.
So, work on the discount on the car- that variable won't change- and ensure you're getting a money factor appropriate for your credit. The term and residual value you cannot negotiate on.
what is quoted now WILL change when your car is expected to come in. That having been said, as long as it's within the same month, even if the car has a VIN number and is on the water, you can sign contracts for a lease.
02-07-2008, 04:30 PM
#15
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I picked up an 08 C2_S at the end of september 2007. Built the car in July. The dealer had plenty of 2007's on the lot (not the color I wanted). The difference between the 08 and 07 base price was $1200 dollars. The 08 models have no major improvements over the 07 models. So who knows what the base price of the MY 09 will be over the MY 08 cars.