GT3 2018 Allocations

GT3 2018 Allocations

Author
Discussion

JC JNR

7 posts

78 months

Wednesday 18th October 2017
quotequote all
Hi guys,

I have paid over a £10k (GT3 Vehicle Order Form subject to allocation) back in March 2017.
Dealer is telling me they have taken 25 deposits, but waiting for allocation numbers for 2018 due in November.
Last time round they had 8-10 cars I think, so its up to Porsche GB/ Sales Managers who gets a car...??

Money is obviously refundable.

Good luck!




RSVP911

8,192 posts

133 months

Wednesday 18th October 2017
quotequote all
Cheib said:
I think they've known with a very high degree of certainty for six months.

I doff my cap to your enthusiasm for 911's ! Your GTS might only be four or five months old when you come to trade it in. No wonder your OPC likes you! I nearly bought my OPC's demo a few months ago but couldn't justify it as I reckon running it for six months (assuming I get a GT3) would have cost me £20k as it was a very high spec car.
Yep that’s about right and certainly is how some have “bought” a GT3 allocation.

JetTeam

41 posts

180 months

Wednesday 18th October 2017
quotequote all
RSVP911 said:
Cheib said:
I think they've known with a very high degree of certainty for six months.

I doff my cap to your enthusiasm for 911's ! Your GTS might only be four or five months old when you come to trade it in. No wonder your OPC likes you! I nearly bought my OPC's demo a few months ago but couldn't justify it as I reckon running it for six months (assuming I get a GT3) would have cost me £20k as it was a very high spec car.
Yep that’s about right and certainly is how some have “bought” a GT3 allocation.
Is there another way other than buying an allocation ?

RSVP911

8,192 posts

133 months

Wednesday 18th October 2017
quotequote all
JetTeam said:
Is there another way other than buying an allocation ?
The vast majority in some way, shape or form will have been valuable enough to the OPC to make it “good business” for them to get an allocation of this limited resource - it’s all fair enough in my opinion - it’s just business, nothing more. (& I say this without an allocation)

franki68

10,390 posts

221 months

Wednesday 18th October 2017
quotequote all
JetTeam said:
RSVP911 said:
Cheib said:
I think they've known with a very high degree of certainty for six months.

I doff my cap to your enthusiasm for 911's ! Your GTS might only be four or five months old when you come to trade it in. No wonder your OPC likes you! I nearly bought my OPC's demo a few months ago but couldn't justify it as I reckon running it for six months (assuming I get a GT3) would have cost me £20k as it was a very high spec car.
Yep that’s about right and certainly is how some have “bought” a GT3 allocation.
Is there another way other than buying an allocation ?
Not sure what you mean ,giving a deposit is not buying an allocation ,I gave a deposit for the gen1 but didn’t get.
The deposit gives you no edge as far as I can see,if you haven’t given a deposit you can still get an allocation.
Someone is going to get or not get irrespective of any deposit paid.

throt

3,054 posts

170 months

Wednesday 18th October 2017
quotequote all
Yep, its ,,,"" Lets av a look at the oll scoreboard"" ( list ) to see who is getting one.

All business's will ""cherry pick"" from it where there is the most profit to be had.

Fingers crossed here for a Gen2 then.

Ken Figenus

5,706 posts

117 months

Wednesday 18th October 2017
quotequote all
JC JNR said:
Hi guys,

I have paid over a £10k (GT3 Vehicle Order Form subject to allocation) back in March 2017.
Is a dealer deposit held in any form of Escrow? That is, your deposit is good even if the dealer goes into administration (unlikely given the options costs I know ) wink

Cheib

23,235 posts

175 months

Wednesday 18th October 2017
quotequote all
Ken Figenus said:
JC JNR said:
Hi guys,

I have paid over a £10k (GT3 Vehicle Order Form subject to allocation) back in March 2017.
Is a dealer deposit held in any form of Escrow? That is, your deposit is good even if the dealer goes into administration (unlikely given the options costs I know ) wink
Nope....never is for a GT3 or any other vehicle...but that's the same for 99% of businesses. You're an unsecured creditor same as if you order something off the internet for delivery in two week's time....if the retailer goes bust you're at the back of the queue.

Clearly for business's that run finance against their used car stock having a decent six figure sum on deposit from customers is very nice but I am sure Porsche GB or Porsche AG take a deposit from the dealer too once build slot confirmed.

Scott Parker

798 posts

221 months

Wednesday 18th October 2017
quotequote all
MartinRS2K said:
It will be in November I was told last week by my DP and they also haven't had their build slots for early 2018 for other models in the range yet.
Yep, I can confirm that i'm waiting for a Q1 build slot for my 911 GTS I have on order and said that I should have a date in the coming couple of weeks. All I know at the moment is estimated delivery is March/April

JetTeam

41 posts

180 months

Thursday 19th October 2017
quotequote all
franki68 said:
JetTeam said:
RSVP911 said:
Cheib said:
I think they've known with a very high degree of certainty for six months.

I doff my cap to your enthusiasm for 911's ! Your GTS might only be four or five months old when you come to trade it in. No wonder your OPC likes you! I nearly bought my OPC's demo a few months ago but couldn't justify it as I reckon running it for six months (assuming I get a GT3) would have cost me £20k as it was a very high spec car.
Yep that’s about right and certainly is how some have “bought” a GT3 allocation.
Is there another way other than buying an allocation ?
Not sure what you mean ,giving a deposit is not buying an allocation ,I gave a deposit for the gen1 but didn’t get.
The deposit gives you no edge as far as I can see,if you haven’t given a deposit you can still get an allocation.
Someone is going to get or not get irrespective of any deposit paid.
To be fair my OPC have been straight with me from the start. They've made it crystal clear they could NOT guarantee me a GT3 irrespective of the £10K deposited. I subsequently purchased a GTS. This is maybe what is referred to as "buying an allocation"....which incedenlty does NOT guarantee an allocation.

RSVP911

8,192 posts

133 months

Friday 20th October 2017
quotequote all
JetTeam said:
franki68 said:
JetTeam said:
RSVP911 said:
Cheib said:
I think they've known with a very high degree of certainty for six months.

I doff my cap to your enthusiasm for 911's ! Your GTS might only be four or five months old when you come to trade it in. No wonder your OPC likes you! I nearly bought my OPC's demo a few months ago but couldn't justify it as I reckon running it for six months (assuming I get a GT3) would have cost me £20k as it was a very high spec car.
Yep that’s about right and certainly is how some have “bought” a GT3 allocation.
Is there another way other than buying an allocation ?
Not sure what you mean ,giving a deposit is not buying an allocation ,I gave a deposit for the gen1 but didn’t get.
The deposit gives you no edge as far as I can see,if you haven’t given a deposit you can still get an allocation.
Someone is going to get or not get irrespective of any deposit paid.
To be fair my OPC have been straight with me from the start. They've made it crystal clear they could NOT guarantee me a GT3 irrespective of the £10K deposited. I subsequently purchased a GTS. This is maybe what is referred to as "buying an allocation"....which incedenlty does NOT guarantee an allocation.

Maybe not but it’s interesting - tripping over people on PH threads who have very recently bought 991.2 GTS’s who are looking looking for a 2018 allocation GT3 - I think there are 4 people on a couple of threads who have posted very recently - I think the OPC are far more likely to give out a 2018 GT3 allocation for a low priced returned nearly new GTS - makes commercial sense, but illustrates that most (or at least a lot of) GT3 allocations are now effectively “bought” to share any overs with the OPC, which is fair enough IMHO - good luck smile

Edited to add :

This is also a good tactic to make sure the cars go to the people who really want the cars and not the flippers, as it takes profit out of the allocation so there is little to be made by flipping - It also represents a more genuine starting price for the car if you assume it’s really cost you £k20-25 ish more than you’ve actually paid for it - all makes sense to me.



Edited by RSVP911 on Friday 20th October 14:24

cormeist

829 posts

101 months

Friday 20th October 2017
quotequote all
RSVP911 said:

Maybe not but it’s interesting - tripping over people on PH threads who have very recently bought 991.2 GTS’s who are looking looking for a 2018 allocation GT3 - I think there are 4 people on a couple of threads who have posted very recently - I think the OPC are far more likely to give out a 2018 GT3 allocation for a low priced returned nearly new GTS - makes commercial sense, but illustrates that most (or at least a lot of) GT3 allocations are now effectively “bought” to share any overs with the OPC, which is fair enough IMHO - good luck smile

Edited to add :

This is also a good tactic to make sure the cars go to the people who really want the cars and not the flippers, as it takes profit out of the allocation so there is little to be made by flipping - It also represents a more genuine starting price for the car if you assume it’s really cost you £k20-25 ish more than you’ve actually paid for it - all makes sense to me.



Edited by RSVP911 on Friday 20th October 14:24
This.

From the outset i have always known that the halo products are invite only, so a buying history need/ed to be in place, being a Genuine enthusiast and not being able to gain access left me previously with a HUGE bad taste in my mouth, so, i made it my mission to be able to achieve/own a @ list price GT3, having had no option but having to pay way overs on my previous 991.1 GT3-RS & 991.1GT3, took the fun element away from my owning experience, which i refused to do ever again, hence i have struck a really good relationship with my local OPC, however, I am no fool, i understand that ill loose a fair chunk only having a GTS for 4-5 months, however its not all about £££ its what enjoyment it brings to one's mundane life, which im sure you guys 'get'.. Actually having also bought a Macan Turbo PP i can say i wish i had bloddy well bought one sooner! absolute hoot to drive, and actually more fun day to day than a 911! dare i say it


Edited by cormeist on Friday 20th October 15:44

hunter 66

3,905 posts

220 months

Friday 20th October 2017
quotequote all
Yes it is a clever marketing strategy , after 20 years of Driving ( as Daily Drivers , did 70 k miles in my 64 RS ) GT and RS products , and a buying history at the OPC ( albeit only GT products ) .... no car , even after ordering over 2 years ago . You need to buy the other stuff as well .
That does not interest me so that is it for me as to Buying Porsche road cars ..
Am sort of an enthusiast , but there you go , still have Porsche cars to race

Robbo66

3,833 posts

233 months

Friday 20th October 2017
quotequote all
Agree, you need to have purchased the 'cooking models' and experienced some serious depreciation to be considered now. Which I agree with.

Alternatively, as more and more models are being released, with minor tweaks and ever more elaborate spin and marketing, the overs on these cars are being seriously eroded.

So you could just wait, and pay a slight premium on low mileage' latest' GT cars...may well be less expensive than the depreciation hit taken from the cooking range you were 'required' to purchase.

RSVP911

8,192 posts

133 months

Friday 20th October 2017
quotequote all
hunter 66 said:
Yes it is a clever marketing strategy , after 20 years of Driving ( as Daily Drivers , did 70 k miles in my 64 RS ) GT and RS products , and a buying history at the OPC ( albeit only GT products ) .... no car , even after ordering over 2 years ago . You need to buy the other stuff as well .
That does not interest me so that is it for me as to Buying Porsche road cars ..
Am sort of an enthusiast , but there you go , still have Porsche cars to race
Yes it’s tricky and a gamble as the OPC will not guarantee you a car for obvious and understandable reasons. Also you don’t know how much you’ll loose but it sort of works if you’re willing to take the risk & also accept that you are really paying £k155 for a £k130 car (as a guesed typical specced example - assuming a £k25 loss on the GTS) The GT3 will probably be worth £k115 to the Trade if you sold after 3 years with proper but not heavy mileage on it - this means it’s a better financial buy than a Turbo S and probably any other new 911 come to that, with the added benefit that it is the best new manual 911 that money can buy & IMHO is a much more engaging car in manual form than anything else (991.1/GT2RS excluded)

So I guess it’s a mindset that says they is no longer free motoring / profit making on these cars (not that I ever flipped one of mine) but instead think that you are no worse off financially than any other new 911 for a product that’s, IMHO , so much better smile

FWIW I wish they’d just make them to order and let them depreciate like anything else - but that ain’t going to happen - why would it when the dealers can use them to drive sales as described in this thread - it’s hard to argue the logic from their POV

Edited by RSVP911 on Friday 20th October 17:26

RSVP911

8,192 posts

133 months

Friday 20th October 2017
quotequote all
Robbo66 said:
Agree, you need to have purchased the 'cooking models' and experienced some serious depreciation to be considered now. Which I agree with.

Alternatively, as more and more models are being released, with minor tweaks and ever more elaborate spin and marketing, the overs on these cars are being seriously eroded.

So you could just wait, and pay a slight premium on low mileage' latest' GT cars...may well be less expensive than the depreciation hit taken from the cooking range you were 'required' to purchase.
Hi R are you well ?

Yep his may be the way it goes helped along by Brexit, as I said , it’s a risk smile


Fokker

3,460 posts

222 months

Friday 20th October 2017
quotequote all


The market isn't there yet apart from a car which is being touted about so I think hoping to pay a 'slight premium' could be wishful thinking but we will see. A slight premium would be what 10k?, 15k? possibly so you'd hope to get nice a new new 991.2 GT3 for what, 145k - £150k? That's about 10k more than the most expensive 991.1 GT3' on the market now and they're at least 3 / 4 years old and with the old engine and no manual box. If that's the case, I do think it's wishful thinking. I'm not (believe or not) talking about any personal gains here as I'm going to use mine but hoping for a car at just over list is unrealistic other than talking prices down. I know some on here who are desperate to get a manual GT3 and will pay healthy overs for one.

Personally, I think prices of these used will start at about £180 - 190k possible push £200k for a well spec'd manual car or more who knows. Yes more than some RS' but you can't have a manual with the RS, that's your difference AND it has the old engine.

I just think its unrealistic to think you'll be able to get one at a slight premium over list. It is guesswork but you can also look at other cars and pretty much work out where its going to slot in.


cormeist

829 posts

101 months

Friday 20th October 2017
quotequote all
Robbo66 said:
Agree, you need to have purchased the 'cooking models' and experienced some serious depreciation to be considered now. Which I agree with.

Alternatively, as more and more models are being released, with minor tweaks and ever more elaborate spin and marketing, the overs on these cars are being seriously eroded.

So you could just wait, and pay a slight premium on low mileage' latest' GT cars...may well be less expensive than the depreciation hit taken from the cooking range you were 'required' to purchase.
Never made money on any car i have owned, not clever enough, so natural deprecation to me is normal, just the other day i was speaking to my DP and i said, and he agreed, that i want the bullst overs, flippers market to ps off, and he call me up and offer me Halo cars because 'he' not had much take up for them'...

Ive thought about this, and have been offered 2 x .2 GT3's, just not doing the over anymore to line the pockets of a supposed 'Enthusiast' id rather line Porsche's pockets and get access to the cars as and when i wish, for list, one thing i have noticed is how well Porsche look after you after the sale, access to events, evenings at the OPC's, coming from the usual suspects Premiums brands i never had this in the past, I love the brand and so i'll keep on the Path.

RSVP911

8,192 posts

133 months

Friday 20th October 2017
quotequote all
cormeist said:
Never made money on any car i have owned, not clever enough, so natural deprecation to me is normal, just the other day i was speaking to my DP and i said, and he agreed, that i want the bullst overs, flippers market to ps off, and he call me up and offer me Halo cars because 'he' not had much take up for them'...

Ive thought about this, and have been offered 2 x .2 GT3's, just not doing the over anymore to line the pockets of a supposed 'Enthusiast' id rather line Porsche's pockets and get access to the cars as and when i wish, for list, one thing i have noticed is how well Porsche look after you after the sale, access to events, evenings at the OPC's, coming from the usual suspects Premiums brands i never had this in the past, I love the brand and so i'll keep on the Path.
What do people want for a .2 GT3 - pm if you prefer .

Re comment from DP agreeing about the market retuning to normal - he has to say this, but I’d be amazed if he meant it - GT3’s must be worth an extra £K 20 by hook or by crook to the OPC - now they have worked out how to beat the be flippers and keep a good chunk of the overs for themselves - they love GT allocations smile





Edited by RSVP911 on Friday 20th October 18:40

RSVP911

8,192 posts

133 months

Friday 20th October 2017
quotequote all
Fokker said:
Personally, I think prices of these used will start at about £180 - 190k possible push £200k for a well spec'd manual car or more who knows. Yes more than some RS' but you can't have a manual with the RS, that's your difference AND it has the old engine..
Maybe the odd one, but I think they will be nearer £k160 - I guess this depends on how well Porsche has done screening out the flippers - if there are virtually none available your figure will happen , however, the market is a clever thing & if your number happens, then the overs will be too much for some to resist and more cars will go up for sale and prices will reduce and settle - clever stuff this supply and demand thing smile