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I went for a drive with a friend who has a 991 GT3 - after an hour I got behind the wheel of his car for the first time...my adrenalin still high from the gear changes, the heavy steering etc...
It was like switching into a luxury sedan - and I found myself trying to extract some thrill by pressing the buttons to change the gears - it was all so seamless.
The magic of the 997 has never been more clear since then.
^^^ right on!! ... you hit on a very good point. When I drove the PDK, I felt like I was downshifting & upshifting JUST for the heck of it.... just for the sake of hearing the engine do its thing,... essentially purposeLESS shifts. No reason for the shifts other than to hear the shifts.
.... whereas when I drive the 997 GT3, I ONLY shift when I NEED to shift, and THEN & only then is it glorious,... because it was a required shift.
.... now if I could just execute EVERY shift perfectly, .... well then maybe I will be at nirvana .... which I know will never come. So its never ending anticipation..... the spice of life.
Theres nothing like 997 RS under 300k market. Ive spent so much time researching. 360CS came close but I didnt go that route due to old ferrari maintenance cost.
God... i hope this supercar craze ends so poor folks like myself can buy more cars.
Im not sure I follow the logic here. If you can afford a 997RS in this market and you were cross shopping a 360CS there are not many that would put you in the “poor” category. Secondly, if you bought a 997RS in a bull market and the market tanks then wouldn’t that help get you to the poor/er category which is not a category to aspire to?
Finally, I’m not sure it’s a supercar craze as much as it’s inflation.
I too have only owned my car for about 15 months and put approximately 6,000 mile on it. I did notice that the sales prices jumped back up near $200K +/-, but most are low mile garage queens. So would I really get near that much more for mine? No.
More importantly I have wanted this car for 10+ years and shook my head at the sale prices all that time. When the market turned a couple years ago and I watched them creep below $200k, then $175K and finally a few below $150k I knew I need to move or forever be priced out.
I got a good driver quality car for $130K. Less than the dealer paid. It was the silver/orange car at Isringhausen.
I drive it all the time, at least once a week. So much I put a good sound system in it. The extra 20 to 30 lbs don't mean squat to my lap times...
I am going to enjoy wearing this car out. I feel it's about as close to a daily driver / supercar you can own. A Lambo, Mcleran or Ferrari to me lack the reliability to drive weekly or ability to leave it in a movie theater parking lot.
I have a couple track days scheduled this year. Last year was a bust and the coolant mod was not done. She is ready now and I'm going to enjoy every moment of ownership.
Flipping for $20K or $40K. Not even a thought.
With sales tax that eats up 6-8 percent of purchase price, you really cant make a lot of money flipping cars. Maybe max 50-60k on RS if you really bought it low and sold it high. Not worth it.
With sales tax that eats up 6-8 percent of purchase price, you really cant make a lot of money flipping cars. Maybe max 50-60k on RS if you really bought it low and sold it high. Not worth it.
There are ways to bypass or greatly reduce sales tax- the flippers know what they are doing. 50-60K not worth it? .. I think the average flipper/ broker would be very satisfied with those margins
Last edited by Speedster911; 05-27-2021 at 04:33 PM.
There are ways to bypass or greatly reduce sales tax- the flippers know what they are doing. 50-60K not worth it? .. I think the average flipper/ broker would be very satisfied with those margins
There are ways to bypass or greatly reduce sales tax- the flippers know what they are doing. 50-60K not worth it? .. I think the average flipper/ broker would be very satisfied with those margins
I am not a flipper or dealer/broker... but not hard to figure out the game.
With a hot car like a .1/.2rs, which should sell quickly, -never change the title to your name is one option. Option II is an LLC and if your a pro you have that gateway established in a tax friendly state and it doesn't need to be in MT, Option III, pay sales tax on a greatly " reduced" purchased price, I am sure the pros can share other methods.... not that they would ever do something like this.
Last edited by Speedster911; 05-31-2021 at 07:22 PM.
I am not a flipper or dealer/broker... but not hard to figure out the game.
With a hot car like a .1/.2rs, which should sell quickly, -never change the title to your name is one option. Option II is an LLC and if your a pro you have that gateway established in a tax friendly state and it doesn't need to be in MT, Option III, pay sales tax on a greatly " reduced" purchased price, I am sure the pros can share other methods.... not that they would ever do something like this.
but first option is title jumping and potential felony.
but first option is title jumping and potential felony.
As I stated - not that anyone would do the options I listed, but you did ask for examples of how to eliminate or greatly reduce the sales tax of a flip.
Last edited by Speedster911; 06-01-2021 at 11:43 PM.
I am not a flipper or dealer/broker... but not hard to figure out the game.
With a hot car like a .1/.2rs, which should sell quickly, -never change the title to your name is one option. Option II is an LLC and if your a pro you have that gateway established in a tax friendly state and it doesn't need to be in MT, Option III, pay sales tax on a greatly " reduced" purchased price, I am sure the pros can share other methods.... not that they would ever do something like this.
I see a lot of CA cars , hot rods to exotics, with Montana Plates.
There is a local guy I spoke with at a C&C with several Porsches, Ferraris and Mclerans that has an import/export license to avoid the sales tax. I'm not sure if its part of his business.
Facts are really wealthy people can afford to avoid certain taxes. It's worth it when your cars all cost $200k+.
05-18-2021, 03:19 PM
