I have a US RS May delivery slot, but $30K over MSRP....
#61
This sounds like one of the fastest depreciating Porches ever. Most options are pure profit and pure depreciation. The extra $$ is just skimming for those that "gotta have it now" but is not a reflection of any long-term value of the car. Considering how willing Porsche is to make a buck off anything, there's no way they'd stop producing them at those profit levels. Plus, they would look like a hero serving all those enthusiasts' desires with as many as they can sell. I guess not being able to spec it the way I'd want (a stripper) either doesn't help. I think you made the better choice.
#63
Still plays with cars.
Lifetime Rennlist
Member
Guys this thread is getting ugly.
William S no more references to your ad please. only paid members can do that.
The rest of you, watch the language. I am getting tired of editing out the f and s words. Make your point using polite language..
Thanks
William S no more references to your ad please. only paid members can do that.
The rest of you, watch the language. I am getting tired of editing out the f and s words. Make your point using polite language..
Thanks
#64
Originally Posted by Holger B
For those who think they are going to mint money flipping a RS:
What was the last new Porsche to appreciate in value?
What was the last Porsche that you couldn't purchase by the dozen at MSRP or less in year 2?
What was the last new Porsche to appreciate in value?
What was the last Porsche that you couldn't purchase by the dozen at MSRP or less in year 2?
And I think the 3.6 Turbo was pretty scarce.
The 968 Turbo RS (do I have the name right) was a bit of a catch.
Is anyone trying to really flip Porsches for profit? I agree, it's just a fool's game. A handful of idiots and gouging dealers don't make a market. But it's a useful way to build a short-list of dealers to avoid.
The local dealer I patronise walks a thin line: they sell all cars at MSRP or less (meaning they take the hit if "market" value isn't as good as hoped or as high as MSRP) but they don't set aside cars and gouge over MSRP for inflated "market" value (meaning they don't profiteer) but if a customer renegs, they do sell the car at market value.
I tend to accept their standpoint In other words, if I were a business manager and looked at my inventory with a unit that is trading at a given price (above or below the arbitrary MSRP) and let's say that "market" value is around $150K (regardless of the MSRP at $123K) that would be my asking price. I'd decide how long to hold that offer and the objective is a sale. Conversely, if the market was unappealing, I'd still rather sell that scruffy 928 (let's say) for a substantial loss than wait. As a business manager of a given retail market business, I'm not a speculator, I'm a trader in the open market.
#65
Originally Posted by Bob Rouleau
Guys this thread is getting ugly.
William S no more references to your ad please. only paid members can do that.
The rest of you, watch the language. I am getting tired of editing out the f and s words. Make your point using polite language..
Thanks
William S no more references to your ad please. only paid members can do that.
The rest of you, watch the language. I am getting tired of editing out the f and s words. Make your point using polite language..
Thanks
#66
Originally Posted by Carrera GT
'97 993 Turbo S.
#67
Originally Posted by Holger B
Good point. One very rare model 10 years ago and I'm not sure those went up in value from day 1.
#68
Nordschleife Master
Originally Posted by William_S
The non street legal 996 GT3 RS did very well and even though the 1993 RS America (the ones that were not heavily tracked) took an initial hit they are at orignal list or higher. The 1992 street leagl cup cars have gone up as well as the 1992 C4 cup cars. 1994 Turbo S has done quite nicely as well.
Albeit none as well as just solid conservative investing of the money would have done
Any way you cut it a $30K premium for any Porsche will be difficult to recover.
#69
Originally Posted by William_S
Even though the 1993 RS America (the ones that were not heavily tracked) took an initial hit but are at oroignal list or higher.
There are (2) RS America advertised in current Panorama with asking prices of $42K and $37K (agreed- pretty modest depreciation for a 14 year-old car, but is anyone making $ on them??).... Geeked out even further-- the same $54.8K @ 5% simple interest compound ann. would now be $93K.
...1994 Turbo S has done quite nicely as well.
Sorry to step all over your lines... imo the 997RS already has a markup:
it's the $17K premium over the regular GT3!!!
#70
Didn't realize that the 1994 Turbo S list was so high. Yikes
You will see several 1993 RS America's in the 40K range but you will also see some in the 70K range with low miles.
What was the list on the 1997 Turbo S ?
You will see several 1993 RS America's in the 40K range but you will also see some in the 70K range with low miles.
What was the list on the 1997 Turbo S ?
#71
Addict
Rennlist Member
Rennlist Member
Originally Posted by William_S
Didn't realize that the 1994 Turbo S list was so high. Yikes
Originally Posted by William_S
What was the list on the 1997 Turbo S ?
#72
Originally Posted by William_S
The non street legal 996 GT3 RS did very well
#73
Originally Posted by Paul523
imo the 997RS already has a markup:
it's the $17K premium over the regular GT3!!!
it's the $17K premium over the regular GT3!!!
Plus:
* Light weight flywheel
* wider track and said to be better geometry
* two piece wheel carriers all round
* CF wing
* dare I say sunroof delete?
Random stuff:
* "distinctive" paint options
* painted wheels
* resale exclusivity?
* top dog status for a couple of years.
I'm sure I can bolt and spray all of that onto the normal GT3 (even the wider body lines in the event of any "mishap.") The rear geometry will surely snug under the narrow body.
Is the RSR based on a wide body; is the Cup?
#74
Technical Guru
Rennlist Member
Rennlist Member
Originally Posted by Paul523
Original base MSRP on '93 RS America was $54,800.
There are (2) RS America advertised in current Panorama with asking prices of $42K and $37K (agreed- pretty modest depreciation for a 14 year-old car, but is anyone making $ on them??)....
There are (2) RS America advertised in current Panorama with asking prices of $42K and $37K (agreed- pretty modest depreciation for a 14 year-old car, but is anyone making $ on them??)....