2017 GT4, Yes or No?
03-10-2016, 12:00 PM
#31
03-10-2016, 12:05 PM
#32
Intermediate
03-10-2016, 12:16 PM
#33
Racer
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However some recent examples come to mind
. Anyone who leveraged the snot out of a new GT3RS and turned around and flipped for ~50k (or more) made out with a monster ROI lol. I am not even going to mention any of the big 3 hyper cars. Getting a LaFerrai allocation was like winning a small lotto
. The list could continue. As I said, generally speaking, I do agree though.
03-10-2016, 12:27 PM
#34
Rennlist Member
03-10-2016, 12:43 PM
#35
Burning Brakes
Hello Bardman,
My situation was unique, looking to free up some finances for pending real estate deal. In US, we don't have luxury tax, or duties. The only expenses would be a couple hundred dollars in title fees and sales tax. Sales taxes are eliminated by receiving a credit for structuring the existing car as a "courtesy trade" with the dealer. So, if you sell an existing car for MSRP, you can get a new one for approximately the same cost.
That plan only works if you can actually get a new one!
My situation was unique, looking to free up some finances for pending real estate deal. In US, we don't have luxury tax, or duties. The only expenses would be a couple hundred dollars in title fees and sales tax. Sales taxes are eliminated by receiving a credit for structuring the existing car as a "courtesy trade" with the dealer. So, if you sell an existing car for MSRP, you can get a new one for approximately the same cost.
That plan only works if you can actually get a new one!
03-10-2016, 02:22 PM
#36
Burning Brakes
Slightly off topic but I wanted to point out that this scenario that Matt is describing is not universal in the United States. California, for example, does not provide for ANY sales tax credit for trading in or selling a car. You pay taxes out the wazoo and every which way to Sunday here. Plus, our registration is actually a tax in that it's tied to the value of the car. So registering a $1,000 jalopy is far different than registering a $100,000 car... and that's every year. I always laugh/cry when I am told what my family in NY and VA pay to register their cars. I love CA! At least our state finances are in good order... oh, wait.
03-10-2016, 02:56 PM
#37
Rennlist Member
But I agree if the point is that if one looks at cars as the sole way to make money, it is not an optimal strategy... Though last several years would prove this wrong, any aircooled purchase has brought above-and-beyond returns...
03-10-2016, 06:34 PM
#38
Rennlist Member
Slightly off topic but I wanted to point out that this scenario that Matt is describing is not universal in the United States. California, for example, does not provide for ANY sales tax credit for trading in or selling a car. You pay taxes out the wazoo and every which way to Sunday here. Plus, our registration is actually a tax in that it's tied to the value of the car. So registering a $1,000 jalopy is far different than registering a $100,000 car... and that's every year. I always laugh/cry when I am told what my family in NY and VA pay to register their cars. I love CA! At least our state finances are in good order... oh, wait.
Somewhat agree - there will always be 'better ways' to make money, but to me key is - as is generally in life - is to have a nice balance (or in financial speak - diversification). Optimum asset mix should include some combination of financial investments, hard assets, real estate, collectibles (e.g. fine art, auto, etc.)
But I agree if the point is that if one looks at cars as the sole way to make money, it is not an optimal strategy... Though last several years would prove this wrong, any aircooled purchase has brought above-and-beyond returns...
But I agree if the point is that if one looks at cars as the sole way to make money, it is not an optimal strategy... Though last several years would prove this wrong, any aircooled purchase has brought above-and-beyond returns...
03-11-2016, 09:15 PM
#39
Addict
Rennlist Member
Rennlist Member
agreed with all of this! Although the GT4 is still a steal where one can have a heck of a track car with the right seats and warranty for under 90k. I can only assume a base .2GT3 will msrp around 140-145 before any options and the price disparity alone will soften the price decline.
Hope not, but would not surprise me. The .1 GT3 was a real value as is the GT4!
03-11-2016, 09:29 PM
#40
Addict
Rennlist Member
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03-12-2016, 02:05 PM
#41
Race Director
No more new GT4 allocations. They are done. Heard it direct from a high level source. Any allocations that one may find is not going to be a new one. Could be one a Dealer holding or some one backing out. It will be a couple of years before the next iteration
03-13-2016, 05:14 AM
#43
03-13-2016, 05:20 AM
#44
Rennlist Member
