Notices
997 GT2/GT3 Forum 2005-2012
Sponsored by:
Sponsored by: Porsche North Houston

I have a US RS May delivery slot, but $30K over MSRP....

Thread Tools
 
Search this Thread
 
Old 02-03-2007 | 09:52 PM
  #61  
arenared's Avatar
arenared
Burning Brakes
 
Joined: Oct 2004
Posts: 1,162
Likes: 0
Received 0 Likes on 0 Posts
Default

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.
Old 02-04-2007 | 05:38 PM
  #62  
William_S's Avatar
William_S
Track Day
 
Joined: Dec 2002
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
From: MD
Default

Jerk
Old 02-04-2007 | 06:43 PM
  #63  
Bob Rouleau's Avatar
Bob Rouleau

Still plays with cars.
Lifetime Rennlist
Member
 
Joined: Jul 2001
Posts: 15,078
Received 256 Likes on 119 Posts
From: Montreal
Default

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
Old 02-04-2007 | 08:48 PM
  #64  
Carrera GT's Avatar
Carrera GT
Wordsmith
Rennlist Member
 
Joined: Feb 2003
Posts: 8,623
Received 10 Likes on 9 Posts
Default

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?
'97 993 Turbo S.

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.
Old 02-05-2007 | 10:30 AM
  #65  
William_S's Avatar
William_S
Track Day
 
Joined: Dec 2002
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
From: MD
Default

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
Hey Bob, thanks for stepping in. Please take the time to check your records. I am a paying member. If you would like I would be happy to give you my membership number off line.
Old 02-05-2007 | 01:35 PM
  #66  
Holger B's Avatar
Holger B
Race Car
 
Joined: Aug 2004
Posts: 3,945
Received 87 Likes on 34 Posts
From: SF
Default

Originally Posted by Carrera GT
'97 993 Turbo S.
Good point. One very rare model 10 years ago and I'm not sure those went up in value from day 1.
Old 02-05-2007 | 01:51 PM
  #67  
William_S's Avatar
William_S
Track Day
 
Joined: Dec 2002
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
From: MD
Smile

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.
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.
Old 02-05-2007 | 02:21 PM
  #68  
allegretto's Avatar
allegretto
Nordschleife Master
 
Joined: Mar 2006
Posts: 9,274
Likes: 0
Received 1 Like on 1 Post
From: in a happy place
Default

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.
Old 02-05-2007 | 02:24 PM
  #69  
Paul523's Avatar
Paul523
Pro
 
Joined: Nov 2004
Posts: 590
Likes: 0
Received 1 Like on 1 Post
From: OH
Default

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.
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??).... 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.
Only 38 examples of 1994 Turbo S were produced. The original MSRP on the '94 Turbo S was $167K! Did someone pay >$167K during '93 or since '93?

Sorry to step all over your lines... imo the 997RS already has a markup:
it's the $17K premium over the regular GT3!!!
Old 02-05-2007 | 02:30 PM
  #70  
William_S's Avatar
William_S
Track Day
 
Joined: Dec 2002
Posts: 19
Likes: 0
Received 0 Likes on 0 Posts
From: MD
Default

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 ?
Old 02-05-2007 | 04:01 PM
  #71  
Joe S.'s Avatar
Joe S.
Addict
Rennlist Member
 
Joined: Oct 2003
Posts: 2,727
Likes: 0
Received 6 Likes on 6 Posts
From: Los Gatos / Tahoe, CA
Default

Originally Posted by William_S
Didn't realize that the 1994 Turbo S list was so high. Yikes
Slant nose was a 60k option.


Originally Posted by William_S
What was the list on the 1997 Turbo S ?
Base without options: 150k
Old 02-05-2007 | 05:41 PM
  #72  
Holger B's Avatar
Holger B
Race Car
 
Joined: Aug 2004
Posts: 3,945
Received 87 Likes on 34 Posts
From: SF
Default

Originally Posted by William_S
The non street legal 996 GT3 RS did very well
How do you arrive at that conclusion?
Old 02-05-2007 | 08:54 PM
  #73  
Carrera GT's Avatar
Carrera GT
Wordsmith
Rennlist Member
 
Joined: Feb 2003
Posts: 8,623
Received 10 Likes on 9 Posts
Default

Originally Posted by Paul523
imo the 997RS already has a markup:
it's the $17K premium over the regular GT3!!!
What's a Carrera 4 cost over a regular Carrera?

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?
Old 02-05-2007 | 09:28 PM
  #74  
JasonAndreas's Avatar
JasonAndreas
Technical Guru
Rennlist Member

 
Joined: May 2002
Posts: 8,138
Received 112 Likes on 90 Posts
From: USVI
Default

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??)....
Back in 1993 there was more than one dealer offering a 10k discount on that MSRP.
Old 02-06-2007 | 12:16 AM
  #75  
Paul523's Avatar
Paul523
Pro
 
Joined: Nov 2004
Posts: 590
Likes: 0
Received 1 Like on 1 Post
From: OH
Default

Originally Posted by JasonAndreas
Back in 1993 there was more than one dealer offering a 10k discount on that MSRP.
You're right I remember that... at that price it was a bargain.


Quick Reply: I have a US RS May delivery slot, but $30K over MSRP....



All times are GMT -3. The time now is 02:15 PM.