MSRP?
08-30-2018, 01:09 PM
#17
Are you new car shopping or used car shopping? You are buying a 3yr old car (by model year, not by warranty years), yet will take all the depreciation hit.
Considering these cars are widely available, >100 for sale at any given time, it's a wrong idea to buy a collector's car (maintenance miles only) for track duty. They are also starting to come off lease and showing up at dealer's auctions. 4 this month alone (with maybe 4 the entire previous 11 months).
The delta between a super low mileage GT4 and one with say 6,500 miles is only $5-6k. Most of the cars with that mileage I see being advertised for $95k give or take. One dealer has a almost 40k mile GT4 and they are askin $89k which is high to me. Trade in on that is probably 70k on a good day.
Another thing to consider is that average DOM is 90 days and probably increasing. I've seen some >180 days. If you are seeing an ad that hasn't had a price drop yet, you are too early on that car. 6500 mile car easily is dealer retail $10k under with CPO.
Also, you are far more likely to have negotiation room on a driven car than a stored car. Since your off season is just about to start, I'd wait it out.
08-30-2018, 04:28 PM
#18
Three Wheelin'
Thread Starter
For your usage of 90% track, absolutely not.
Are you new car shopping or used car shopping? You are buying a 3yr old car (by model year, not by warranty years), yet will take all the depreciation hit.
Considering these cars are widely available, >100 for sale at any given time, it's a wrong idea to buy a collector's car (maintenance miles only) for track duty. They are also starting to come off lease and showing up at dealer's auctions. 4 this month alone (with maybe 4 the entire previous 11 months).
The base car is $80k. The options are worth $40k. To look at any car without delta to MSRP is meaningless. The $90k car is absolutely too high, but trade in could vary $20k depending on options. (But to generalize, $50k trade in seems more likely.) The nav alone is $2500 I think? Why would you pay for that in a track car?
Another thing to consider is that average DOM is 90 days and probably increasing. I've seen some >180 days. If you are seeing an ad that hasn't had a price drop yet, you are too early on that car. 6500 mile car easily is dealer retail $10k under with CPO.
Also, you are far more likely to have negotiation room on a driven car than a stored car. Since your off season is just about to start, I'd wait it out.
Are you new car shopping or used car shopping? You are buying a 3yr old car (by model year, not by warranty years), yet will take all the depreciation hit.
Considering these cars are widely available, >100 for sale at any given time, it's a wrong idea to buy a collector's car (maintenance miles only) for track duty. They are also starting to come off lease and showing up at dealer's auctions. 4 this month alone (with maybe 4 the entire previous 11 months).
The base car is $80k. The options are worth $40k. To look at any car without delta to MSRP is meaningless. The $90k car is absolutely too high, but trade in could vary $20k depending on options. (But to generalize, $50k trade in seems more likely.) The nav alone is $2500 I think? Why would you pay for that in a track car?
Another thing to consider is that average DOM is 90 days and probably increasing. I've seen some >180 days. If you are seeing an ad that hasn't had a price drop yet, you are too early on that car. 6500 mile car easily is dealer retail $10k under with CPO.
Also, you are far more likely to have negotiation room on a driven car than a stored car. Since your off season is just about to start, I'd wait it out.
Anyway, I've already made two solid offers on car's with MSRP in the 95-100k range in the last 2 weeks. The first one sold to someone else after I made the offer, we were probably negotiating at the same time. The other I was told no at 4k under MSRP. The car is CPO and has been reduced twice. So, the hunt is still on. With ~100 cars listed on the market that shrinks fast when I narrow down my color, options and list price. Then it shrinks even more when you run a DME report. I was looking at one that had all 6 ranges covered! A winner.
08-30-2018, 05:41 PM
#20
Rennlist Member
A 3 year old car at 500 miles without CPO from a private party has 1 year/49,500 miles left under warranty. A 3 year old car with 15,000 miles and CPO has 3 years/85,000 miles left under warranty and costs $10,000 less than the 500 mile car. Maybe it should it be the other way around. Am I missing something here?
08-30-2018, 05:51 PM
#21
probably $12k or even more differential.
remaining warranty doesn't reflect the remaining value of the car. the car doesn't suddenly stop working at the warranty expiration.
you can independently arrange for CPO by passing the transaction through a dealer. just add a few grand to the cost in exchange for peace of mind. now you have a car with 3 yrs/100k warranty left. if you were inclined to buy such a car, IMHO it's a garage queen candidate anyway so the warranty has no value.
remaining warranty doesn't reflect the remaining value of the car. the car doesn't suddenly stop working at the warranty expiration.
you can independently arrange for CPO by passing the transaction through a dealer. just add a few grand to the cost in exchange for peace of mind. now you have a car with 3 yrs/100k warranty left. if you were inclined to buy such a car, IMHO it's a garage queen candidate anyway so the warranty has no value.
08-30-2018, 06:21 PM
#22
Anyway, I've already made two solid offers on car's with MSRP in the 95-100k range in the last 2 weeks. The first one sold to someone else after I made the offer, we were probably negotiating at the same time. The other I was told no at 4k under MSRP. The car is CPO and has been reduced twice. So, the hunt is still on. With ~100 cars listed on the market that shrinks fast when I narrow down my color, options and list price. Then it shrinks even more when you run a DME report. I was looking at one that had all 6 ranges covered! A winner.
08-30-2018, 06:43 PM
#23
Three Wheelin'
Thread Starter
A 3 year old car at 500 miles without CPO from a private party has 1 year/49,500 miles left under warranty. A 3 year old car with 15,000 miles and CPO has 3 years/85,000 miles left under warranty and costs $10,000 less than the 500 mile car. Maybe it should it be the other way around. Am I missing something here?
08-30-2018, 08:02 PM
#24
Rennlist Member
Would you pay MSRP ~$100k, for a low mileage car, under 400 miles? A little under 2 yrs left on the warranty.
Car is well optioned, sport buckets, PCM, full leather w/contrasting stitching.
Planned use is 90% DE (~12-15 days/year), 10% weekend.
I'd like a 718 but I don't think I'll be able to get one at MSRP and besides I don't want to wait.
Car is well optioned, sport buckets, PCM, full leather w/contrasting stitching.
Planned use is 90% DE (~12-15 days/year), 10% weekend.
I'd like a 718 but I don't think I'll be able to get one at MSRP and besides I don't want to wait.
08-30-2018, 08:34 PM
#25
09-02-2018, 03:41 AM
#28
Lots of great feedback here.
For mostly track use, the only option "necessary" is LWBS, so as long as it ticks that box you're probably fine.
I have seen a handful of track-prepped GT4s come up, so waiting for one of those may be even better.
For mostly track use, the only option "necessary" is LWBS, so as long as it ticks that box you're probably fine.
I have seen a handful of track-prepped GT4s come up, so waiting for one of those may be even better.
09-02-2018, 02:27 PM
#29
09-02-2018, 04:03 PM
#30
