usctrojanGT3

But but this time is different...GTs and 911s won't ever depreciate and will increase in value.

dgoldenz

Sure, @Spyerx here’s the last 7 years or so:

first 991.1 S - bought from carmax for $76k and flipped it for 100k a month later. They underpriced it by a lot. This one is documented in my post history in the 991 HFS thread.

second 991.1 S - paid 57k, sold 67k after a year

991.1 GT3 - paid 101k, sold a year later 100k

997.2 4S - paid 60k, drove 6 months sold to wholesaler for 72k

Ferrari FF - paid 108k, sold after a year for 155k (thanks Covid)

Ferrari FF number 2 - paid 160k, sold 165k after 8 months

Aston Vanquish - paid 118k, traded after 8 months for 110k straight up for 991.1 GTS. This was the start of the current market downturn

991.1 GTS - paid 110k using trade, sold after 8 months 102k to wholesaler. Market still dropping big time during this which was Jan 2023 to Oct 2023

992 GTS - paid 167k, traded 5 months later for 158k on a Wraith. However, a shopping cart dented the fender so that prob cost me few K in value. Could have sold it myself for 165-170 but really wanted a Wraith that was available locally for trade with an incredible spec. Which leads to…

RR Wraith - paid 162k, drove 6 months and sold for 169k

Currently working on a 458 spider deal for one with an insane spec.

i think I’ve done ok driving all of these awesome cars. Can’t imagine losing $100k in two years on an EV. I’ll be interested in one for a daily when they’re 75k. Currently driving a Panamera Turbo S as my daily that has a 223k sticker that I got for 75% off.

For the cars I traded or sold to wholesalers I could’ve held out for more but had other opportunities or wanted to try something new. You just need to buy something with a great spec in good condition and know how to work deals on both ends. It’s not that hard, I just do a lot of research and know what I’m getting into.

It’s not what I can or can’t afford, it’s the fun hunting for new unicorns and the feeling that I “won the game” getting to drive them for free or make some money. If I lose some money I don’t care, but $100k is more than “some money” and yes I’d feel like an absolute idiot torching $100k in two years on a car when better options exist.

Mike Murphy

Hey, I bought a 911 seven years ago and it’s gone up in value by about 30%. Nevermind that it was a 1999 911 purchased in 2016 for $17,400.

MaxLTV

No, people may just need a bigger car than a 911.

dgoldenz

Nobody needs a Taycan GT, that’s a want. Tons of cars bigger than a 911 that can be had on the cheap for cargo space needs. In fact, why even buy a Taycan GT for 275k over a used Taycan Turbo S that can be had for 90-100k? My heavily depreciated Panamera Turbo S was in the 50’s. I could buy a 458 with the difference in cost. Personally, I actually like the Panamera more than the tech-heavy/screen-heavy Taycan. It was very impressive to drive, no doubt.

I just can’t see the value proposition, you simply just have to want the fastest EV at an absolutely insane price. But there’s also idiots paying $100k over for Cybertrucks. People are stupid.

MaxLTV

IMO, it's a great move. Nice halo electric car. Weissach package is dumb practically but makes sense for marketing. The non-Weissach version is very tempting. It's only $15K more expensive than my Turbo S config (on these cars $15K is "only") and will likely depreciate slower, so the total cost of ownership may be lower, making it a sensible choice . I do need the hatch, so I'll stick with CT Turbo S.

ipse dixit

No one needs any Porsche.

911, Taycan, Macan, Panamera, GT3, etc.

They are all want cars.

So not sure where your argument is going.

dgoldenz

I thought it seemed pretty clear but maybe not. It’s a cool car, but stupidly overpriced electric that will still get obliterated on resale compared to other P cars that are more fun to drive. You can buy a good Panamera and GT3 for the price of a Taycan GT. You can buy a used Taycan turbo and a GT3 for price of a Taycan GT. This isn’t hard math.

For those that want to have the fastest car on the road and lose $50k/year doing it, cool and I hope they enjoy. For the vast majority of people who frequent RL they won’t even look at buying one of these until it’s lost over $100k for the reasons I already stated. Soccer moms aren’t buying a GT, so who is the target market for this exactly at the given price point? There’s a whole lot of options available when you’re talking $200k+

IMO this will be the first GT car selling at large discounts.

thuggo

Honestly I doubt they'll even make many of them. I'm sure they'll phrase it as an "allocated" car, but the allocations will be so so small...only the biggest of idiots will buy into it.

Or some dealers will do the "Oh you want a 3RS....we'll we're gonna need you to buy this piece of **** GT first".

Scrappy1972

Expect around 300-320 cars to be allocated to the US.

ipse dixit

Porsche Taycan Turbo GT vs Tesla Model S Plaid: The Embarrassment of a Great Brand

Money quote from the article

Truble10

Do you really believe we are in a new paradigm for cars and 911's are not going to depreciate? Wrong! Don't let the last of the COVID supply chain issues convince you that this is the new normal. In the end nearly everything reverts back to the mean.

daveo4porsche

speed has been democratized - it's no long all that special to build a 1000 hp drive train thanks to eV motors - but suspension/brakes are still some "black art juju" but that with time will also come to most vendors

we live initeresting times - the Taycan GT and the Plaid do not appeal to me other than as examples to STFU about EV performance - it's coming…but as cars to actually drive neither one is ending up in my garage…more power to those that do purchase them - they are state of the art for their era…

dgoldenz

See my earlier post in this thread, been doing this for years before COVID happened, though it certainly helped. I didn’t even include the E92 M3s, Corvette, etc. I basically sold for what I paid for them prior to ever owning a 911. All said and done I’m probably up around $70-80k after all of the cars I’ve bought and sold over the years including the ones I took a loss on, and I’ve had some pretty awesome cars to drive around in.

The Exotic Car Hacks guy on YouTube has some very good info and knows his stuff. I don’t believe the numbers he spouts are always accurate as far as his own cars but he’s pretty spot on with the markets for various cars and what holds its value best. We may just have similar taste but IMO he picks some of the absolute best spec’d cars out there. In the end, spec and rarity are everything for resale. You only need one buyer looking for your unicorn.

dgoldenz

In 5 years there will be Kia’s doing 0-60 in 2.3 seconds. I don’t care about that at all personally, you can only drive so fast on the street. When a good used Taycan 4S is $60-70k and a turbo/S is $85-100k, it’s really hard to justify $275k for a GT knowing you’re going to lose more than that entire Turbo S in depreciation over 2-3 years.