I doubt i will ever own a new GT car

I doubt i will ever own a new GT car

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MDL111

6,922 posts

177 months

Monday 24th April 2017
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glm1977 said:
MDL111 said:
You could just buy a build slot .... still pay a premium but free spec / run-in yourself. thanks to the favorable base price in the U.K. You'd probably not be paying (much) more than a buyer in Germany pays at list
couple of question from me on this point -
1) where are these slots being sold - i've tried to dig some up via the internet, but i am finding nothing... anyone know of any slots for sale?
2) why is the UK priced so cheaply? even when stripping out VAT in other countries and applying UK VAT, the cost is still way higher... i don't get why the UK has been blessed this way - if anything i would have thought the opposite to be more normal?

thanks
ad 1) Not sure about the UK, in Germany on mobile.de (around 20-30k mark-up from memory). In the UK I would call the high-end car dealers as well as independent Porsche dealers and ask them if they can facilitate (Tom Hartley, DK Eng, Malton, JZM etc) - am sure one of them knows of a client of theirs who could be convinced to sell his slot for the right figure
ad 2) Just a guess, but I think Porsche never really re-based pricing for the sterling FX movement. I seem to remember around 2006/2007 cars from Germany were cheaper than ordering in the UK / or it was roughly the same.

PhantomPH

4,043 posts

225 months

Monday 24th April 2017
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I'd have gladly 'made a GT3' happen, but having only bought one Porsche, I'm not even slightly close to the 'right' customer. And no - I couldn't afford the overs...I'd be pushing my luck a little at the spec'd price, if I was honest (but you only live once!).

That being said, I would want to use my car and I think that's frowned upon as well, isn't it? (Certainly if you look at the .1 gen in the classifieds, you'd think they came with a mileage limit!).

I am still hoping that the 718GT4 will go to people like me, but I doubt it.

I have a question - I tend to keep cars a maximum of 2 years...in some cases 10months and in a lot of cases just over a year. Does that make me a flipper, or just a guy who really needs a hobby? In short, is keeping a GT car a year and then moving on 'flipping' in the eyes of Porsche/forum commentators?

RDMcG

19,142 posts

207 months

Monday 24th April 2017
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PhantomPH said:
I'd have gladly 'made a GT3' happen, but having only bought one Porsche, I'm not even slightly close to the 'right' customer. And no - I couldn't afford the overs...I'd be pushing my luck a little at the spec'd price, if I was honest (but you only live once!).

That being said, I would want to use my car and I think that's frowned upon as well, isn't it? (Certainly if you look at the .1 gen in the classifieds, you'd think they came with a mileage limit!).

I am still hoping that the 718GT4 will go to people like me, but I doubt it.

I have a question - I tend to keep cars a maximum of 2 years...in some cases 10months and in a lot of cases just over a year. Does that make me a flipper, or just a guy who really needs a hobby? In short, is keeping a GT car a year and then moving on 'flipping' in the eyes of Porsche/forum commentators?
In Canada where I live the cars come with a one year no-sale contract. I m not sure what would happened if it were to be breached, but at a minimum I have no doubt that it would result in being blacklisted. ( of course, selling it back to the dealer is OKsmile)....

I see the mileage limit thing all the time. Happens here too. I have a 2016 RS with 6900 miles on it and the dealer told me it is the highest mileage RS they have seen. My own strategy is different...I tend to hold some of them for years, and as such have hung onto my 7.1 RS and will also keep the 991. Next new one will be the 992 RS for which I am on the unofficial list.No Gen .2

PhantomPH

4,043 posts

225 months

Monday 24th April 2017
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RDMcG said:
I see the mileage limit thing all the time. Happens here too. I have a 2016 RS with 6900 miles on it and the dealer told me it is the highest mileage RS they have seen.
Wonder how much that has 'cost' you in depreciation terms - side by side with an identical car but with 2,000 miles on, I wonder if there really would be much/any difference in used sale price.

Shazbat

170 posts

137 months

Monday 24th April 2017
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av185 said:
Shazbat said:
STOP PRESS




Wouldn't even pay list for one
Hater of Porsche GT cars claims he would reject the potential of 30% premium....scratchchin
CBA fiddling about with buying and selling cars and all the effort and investment to get offered one in the first place You can put that time and investment elsewhere and make far far more than a paltry 40k. Mugs game. If 40k is a big deal to you then you shouldn't be buying 120k cars IMO. Stick to Boxsters and Caymans.

Mario149

7,754 posts

178 months

Tuesday 25th April 2017
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Shazbat said:
av185 said:
Shazbat said:
STOP PRESS




Wouldn't even pay list for one
Hater of Porsche GT cars claims he would reject the potential of 30% premium....scratchchin
CBA fiddling about with buying and selling cars and all the effort and investment to get offered one in the first place You can put that time and investment elsewhere and make far far more than a paltry 40k. Mugs game. If 40k is a big deal to you then you shouldn't be buying 120k cars IMO. Stick to Boxsters and Caymans.
Just rofl that if you don't think £40K is a "paltry" amount you shouldn't buy a £120k car hehe

Really hope you didn't mean to come across as crass as you did in that post mate! For the record, I could quite easily afford a 120k car, and I do think 40k is a lot of money. And i suspect there are many like me here.

Digga

40,314 posts

283 months

Tuesday 25th April 2017
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Mario149 said:
Shazbat said:
av185 said:
Shazbat said:
STOP PRESS




Wouldn't even pay list for one
Hater of Porsche GT cars claims he would reject the potential of 30% premium....scratchchin
CBA fiddling about with buying and selling cars and all the effort and investment to get offered one in the first place You can put that time and investment elsewhere and make far far more than a paltry 40k. Mugs game. If 40k is a big deal to you then you shouldn't be buying 120k cars IMO. Stick to Boxsters and Caymans.
Just rofl that if you don't think £40K is a "paltry" amount you shouldn't buy a £120k car hehe

Really hope you didn't mean to come across as crass as you did in that post mate! For the record, I could quite easily afford a 120k car, and I do think 40k is a lot of money. And i suspect there are many like me here.
Quite. A sport car, much like any other discretionary purchase, may be bought by many different types of individual; for some, the purchase represents a stretch - the realisation of a dream and the owning is part of a hobby - whilst for others, it may be less of a stretch. For yet fewer, the car may just be filling a gap in a large garage, another added to an already stellar collection.

I'm big into mountain biking and I see this with bikes. People having to finance £5k bikes. Younger riders arriving at the trails with a bike that's worth more than the car/van they lugged it there with. The car is transport, but the bike is a passion, a way of life even. And so with Porsche.

As Mario says, being able to afford to buy and run a GT is quite different from being in a position to lose 40 grand.

robgt3

2,585 posts

162 months

Tuesday 25th April 2017
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v8ksn said:
LindsayMac said:
Well I for one have given up, last 3 cars over last 5 or so years have been GT3s, 1 bought private, 1 bought from OPC, 1 paid overs for a slot. So sitting with a 991 GT3 CS dressed in PTS and local OPC said no again. GT3 sold and moving on most possibly McLaren. Life is too short
That 991 GT3 you have is gorgeous (its the Miami? blue one right?) I would have to think long and hard before I sold that!
A very big plus 1!!

PhantomPH

4,043 posts

225 months

Tuesday 25th April 2017
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Mario149 said:
Shazbat said:
av185 said:
Shazbat said:
STOP PRESS




Wouldn't even pay list for one
Hater of Porsche GT cars claims he would reject the potential of 30% premium....scratchchin
CBA fiddling about with buying and selling cars and all the effort and investment to get offered one in the first place You can put that time and investment elsewhere and make far far more than a paltry 40k. Mugs game. If 40k is a big deal to you then you shouldn't be buying 120k cars IMO. Stick to Boxsters and Caymans.
Just rofl that if you don't think £40K is a "paltry" amount you shouldn't buy a £120k car hehe

Really hope you didn't mean to come across as crass as you did in that post mate! For the record, I could quite easily afford a 120k car, and I do think 40k is a lot of money. And i suspect there are many like me here.
I know a decent number of extremely wealthy people and almost to a man, they are wealthy for a reason - and that reason is because they will take £40k at every opportunity!

This is not really about making money by speculating on cars (IMHO) - as you say, why feed the birds when you can invest your tuppence in the bank - it's about not losing money.

No matter what you have in the bank, if someone said to you, "Hi Mr.Smith - how about this for a proposition...you spec this brand new GT3, use it on weekends and have some fun here and there, then in a year I will take it off you AND give you a cheque for £40,000.00", why would you pass that up?

And if you are actually looking to invest, a 33% return on your £120k is not a bad year's work.

It's like the hooker paying you after the money shot.

WCZ

10,521 posts

194 months

Tuesday 25th April 2017
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£40k is a decent amount of money, most people outside billionaires will think so too - just how rich are you?

LindsayMac

569 posts

202 months

Tuesday 25th April 2017
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robgt3 said:
v8ksn said:
LindsayMac said:
Well I for one have given up, last 3 cars over last 5 or so years have been GT3s, 1 bought private, 1 bought from OPC, 1 paid overs for a slot. So sitting with a 991 GT3 CS dressed in PTS and local OPC said no again. GT3 sold and moving on most possibly McLaren. Life is too short
That 991 GT3 you have is gorgeous (its the Miami? blue one right?) I would have to think long and hard before I sold that!
A very big plus 1!!
Thanks Rob!

av185

18,510 posts

127 months

Tuesday 25th April 2017
quotequote all
Mario149 said:
Shazbat said:
av185 said:
Shazbat said:
STOP PRESS




Wouldn't even pay list for one
Hater of Porsche GT cars claims he would reject the potential of 30% premium....scratchchin
CBA fiddling about with buying and selling cars and all the effort and investment to get offered one in the first place You can put that time and investment elsewhere and make far far more than a paltry 40k. Mugs game. If 40k is a big deal to you then you shouldn't be buying 120k cars IMO. Stick to Boxsters and Caymans.
Just rofl that if you don't think £40K is a "paltry" amount you shouldn't buy a £120k car hehe

Really hope you didn't mean to come across as crass as you did in that post mate! For the record, I could quite easily afford a 120k car, and I do think 40k is a lot of money. And i suspect there are many like me here.
Suspect there is a huge dose of Billy big bks in his chip on the shoulder post. hehe

Also lets not forget the purchaser of say a rapidly depreciating and distinctly overpriced archaic Aston at say £120k which could well lose £40k in its first year means this has cost in excess of £80k (as is out of taxed income) v the GT3 which has effectively provided a tax free gain of £40k as well as being a significantly more rewarding car to own and drive.

A real no brainer.

driving



Shazbat

170 posts

137 months

Tuesday 25th April 2017
quotequote all
WCZ said:
£40k is a decent amount of money, most people outside billionaires will think so too - just how rich are you?
Rich enough where I can choose to buy the cars that I actually want and the marques I want and not have my purchases dictated by greed and what some DP stipulates on an annual basis. Rich enough so that I don't sit there worrying about mileages and the odd scratch and go through the classifieds every evening, checking up on what my 'fleet' is still worth. Rich enough so that I am free, and not controlled by any this crap.

Mario149

7,754 posts

178 months

Wednesday 26th April 2017
quotequote all
Shazbat said:
WCZ said:
£40k is a decent amount of money, most people outside billionaires will think so too - just how rich are you?
Rich enough where I can choose to buy the cars that I actually want and the marques I want and not have my purchases dictated by greed and what some DP stipulates on an annual basis. Rich enough so that I don't sit there worrying about mileages and the odd scratch and go through the classifieds every evening, checking up on what my 'fleet' is still worth. Rich enough so that I am free, and not controlled by any this crap.
I take it back, you clearly did mean to sound as crass as you did in your original post. I'd stop digging now if I were you.

RDMcG

19,142 posts

207 months

Wednesday 26th April 2017
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PhantomPH said:
Wonder how much that has 'cost' you in depreciation terms - side by side with an identical car but with 2,000 miles on, I wonder if there really would be much/any difference in used sale price.
Doubtless will be worth less, but I tend to keep certain cars and enjoy the experience . The are not financial investments but experience investments, and some of the experiences are exceptional.

In the end we all die of course, and for me personally I want to enjoy all that engineering and design in anger rather than have an experience of serial ownership. I drove me latest RS in an aggressive rally in Austria and then tracked it on a few tracks, brought it to Dr Wolfgang Porsches home in Zell am See and had him signed it. managed to get access to the very first Porsche (the typ 64) and photograph it with my RS. and that was the first two weeks...and since then tracked in Canada, drove to the Porsche parade in Vermont and so on....

It has wheels, and they should rotatesmile

So

26,271 posts

222 months

Wednesday 26th April 2017
quotequote all
RDMcG said:
PhantomPH said:
Wonder how much that has 'cost' you in depreciation terms - side by side with an identical car but with 2,000 miles on, I wonder if there really would be much/any difference in used sale price.
Doubtless will be worth less, but I tend to keep certain cars and enjoy the experience . The are not financial investments but experience investments, and some of the experiences are exceptional.

In the end we all die of course, and for me personally I want to enjoy all that engineering and design in anger rather than have an experience of serial ownership. I drove me latest RS in an aggressive rally in Austria and then tracked it on a few tracks, brought it to Dr Wolfgang Porsches home in Zell am See and had him signed it. managed to get access to the very first Porsche (the typ 64) and photograph it with my RS. and that was the first two weeks...and since then tracked in Canada, drove to the Porsche parade in Vermont and so on....

It has wheels, and they should rotatesmile
This, really.

If people want to use GT Porsches as investments at the expense of genuine buyers and if Porsche wants to endulge them, that's probably fine. But it's all a bit...well...grubby. I am surprised Porsche still entertains it because it cannot be good for long-term brand image,

I cannot claim to be the biggest petrolhead, but I like nice sports cars and if I was taking delivery of a new GT3 I would drive it - £40k premium or not. I've done the equivalent many times with other assets.

Being a perolhead and buying a GT3 just to flip it is the equivalent of pulling a really hot girl, being in bed with her and going to the bathroom for a wk because your mate fancies her and has slipped you a few quid not to shag her.














breadvan

1,998 posts

168 months

Wednesday 26th April 2017
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So said:
This, really.

If people want to use GT Porsches as investments at the expense of genuine buyers and if Porsche wants to endulge them, that's probably fine. But it's all a bit...well...grubby. I am surprised Porsche still entertains it because it cannot be good for long-term brand image,
Regrettably, you may be proved right but isn't it a bit early to comment on the market, they're not even built yet?

Many contributors here seem to have a very negative view of the prospective GT3 owners based on nothing but assumptions.

Like others here, I speak regularly to my OPC, I own cooking Porsches and I'm excited to own a car that just might not lose me money.

Why does that make me a DP arse-licker? Muppet for buying a Cayenne? Or flipper?

Carlson W6

857 posts

124 months

Wednesday 26th April 2017
quotequote all
Like a lot of others on here I don't have the funds to buy new Cayennes and Macans to try and "build" a relationship.

I also work so damn hard to enjoy the lifestyle I have that I don't want to spend precious down time in an OPC chatting and seeming keen in an attempt to be taken seriously as a customer.

Track days are not part of my life anymore, I enjoy driving on the roads- Wales, the continent etc taking trips.

I also really enjoy driving PDK on the paddles as a "Manual".

This is why I bought a 997 Turbo S with an aerokit.

You walk into OPC, pay the money and get the car.

I like that kind of transaction.

Digga

40,314 posts

283 months

Wednesday 26th April 2017
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Carlson W6 said:
Track days are not part of my life anymore, I enjoy driving on the roads- Wales, the continent etc taking trips.

I also really enjoy driving PDK on the paddles as a "Manual".

This is why I bought a 997 Turbo S with an aerokit.
You car probably does 90% of what you need it to do better than any GT might TBH.

That said, it would be nice to have the opportunity to choose.

PhantomPH

4,043 posts

225 months

Wednesday 26th April 2017
quotequote all
RDMcG said:
Doubtless will be worth less, but I tend to keep certain cars and enjoy the experience . The are not financial investments but experience investments, and some of the experiences are exceptional.

In the end we all die of course, and for me personally I want to enjoy all that engineering and design in anger rather than have an experience of serial ownership. I drove me latest RS in an aggressive rally in Austria and then tracked it on a few tracks, brought it to Dr Wolfgang Porsches home in Zell am See and had him signed it. managed to get access to the very first Porsche (the typ 64) and photograph it with my RS. and that was the first two weeks...and since then tracked in Canada, drove to the Porsche parade in Vermont and so on....

It has wheels, and they should rotatesmile
Cool story! And I couldn't agree with your last sentence enough - it's what they are for! I've done 50% of the mileage since January, that the first owner of my car did in the first 2.5years of ownership! I know it was part of his small collection, but still - how could he NOT drive it more?? Amazing thing. smile