911 GT3 RS crazy price or not???
Discussion
What is everyone making of the prices on this?
I am very much a noob in the Porsche world.
But my job puts me in touch with a lot of supercar owners.
I am just about to fund one of these for someone and couldn't believe what he was paying for it Vs a list of £150k. And he got a good deal!!!! A quick google shows the only one being sold straight out of OPC is Swindon for £295k!!!!!
Now I understand supply and demand. And also that you cannot really get these direct from OPC as first refusal was given to 918 drivers a year ago and they are simply making a turn on them hence the inflated price.
But what is so special about them?
My client believes they will be worth circa £400k in 3-4 years!
I am very much a noob in the Porsche world.
But my job puts me in touch with a lot of supercar owners.
I am just about to fund one of these for someone and couldn't believe what he was paying for it Vs a list of £150k. And he got a good deal!!!! A quick google shows the only one being sold straight out of OPC is Swindon for £295k!!!!!
Now I understand supply and demand. And also that you cannot really get these direct from OPC as first refusal was given to 918 drivers a year ago and they are simply making a turn on them hence the inflated price.
But what is so special about them?
My client believes they will be worth circa £400k in 3-4 years!
I'd be interested to know the high level structure of the deal, is it really possible to borrow money against the "premium" above list element on a modern car ??
As for below list in 18 months - I don't think so, not unless something catastrophic happens politically or economically......
Even a 25% correction would have them way above list.
As for below list in 18 months - I don't think so, not unless something catastrophic happens politically or economically......
Even a 25% correction would have them way above list.
I'm not banging a drum for a price fall, but the catastrophe can come from the car market itself, it doesn't have to be external. The auction market is already 12montys past it's peak, and it won't be long before it's obvious this isn't a one way bet, at which point the falls will accelerate as the dash for the exit starts in earnest.
Prices have gone mad in a short space of time, and things generally revert to norm. RSs always held value well, but 996,997 3 and 3RS all went below list over time, in normal markets.
On top of that, there are a lot of asset bubbles deflating - commodities etc. cars are non-income producing assets, and they are hit the worst when things go backwards, esp if bought on borrowed cash.
Prices have gone mad in a short space of time, and things generally revert to norm. RSs always held value well, but 996,997 3 and 3RS all went below list over time, in normal markets.
On top of that, there are a lot of asset bubbles deflating - commodities etc. cars are non-income producing assets, and they are hit the worst when things go backwards, esp if bought on borrowed cash.
Of course, the current high premiums are being driven by people wanting to be 'one of the first'. This will settle in time, and then the usual rules of sale/demand take over. If you wanted a more accurate gauge to forecast against, you need to, at least, wait until the regular deliveries have taken place and the car is no longer the latest thing. I can't see them going back to list any time soon, but who knows what might happen in 12-18months when the orders have all been delivered and the next latest and greatest is along.
Wilmslowboy said:
I'd be interested to know the high level structure of the deal, is it really possible to borrow money against the "premium" above list element on a modern car ??
As for below list in 18 months - I don't think so, not unless something catastrophic happens politically or economically......
Even a 25% correction would have them way above list.
Most sensible finance companies will only finance to a max of list price. So the customer puts in the difference and takes the risk. The residual value is always sensible......As for below list in 18 months - I don't think so, not unless something catastrophic happens politically or economically......
Even a 25% correction would have them way above list.
arcticGT said:
I can't imagine anyone is borrowing money to finance these ? I also think we're a far cry away from when people were borrowing against houses that were on interest only mortgages to fund stuff, I can't see a crash anytime soon.
I am constantly amazed how many times I read about people financing cars like this. There was a thread on here recently where someone that arranges finance for these kind of cars said they can arrange finance for up to list price. So you'd have to put in the £50 to £100k of equity I suppose.
Rishi3 said:
+ Vat (craftily hidden right at the bottom)Adam B said:
Rishi3 said:
+ Vat (craftily hidden right at the bottom)It was more in comparison to those posted up for sale at £300 - £330k. Now that is a crazy price for something that is still being built and sold to customers for £140k. Albeit only a select few customers.
GT3-RS said:
Jesus, someone is looking to make an absolute killing on that!Alls fair in love and war I suppose...
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