Possible GT4 allocation
Discussion
Taffy66 said:
Cheib said:
It’s already happened elsewhere....Senna’s are £200k less than list. Think there are “only” 40 UK cars too. Admittedly that’s a very different price point but anyone selling a Senna with bugger all miles on it for £200k less than they paid for it was always looking to sell/flip it IMHO.
SSO of EVO fame now has a blog...wrote a good article on the £1mil plus hypercar market recently
https://karenable.com/too-much-of-a-good-thing/
Clearly that’s a long way from the Porsche GT market but there are parallels....there are an awful lot more GT cars made now than there were 10 years ago. Which is the last time the market started “reversing”.
Interesting to know on whether the new RS with Weissach Pack has actually been flipped for substantial 'overs'...If these second batch RSs don't sell for big overs then nothing will IMO..It'll confirm that the party is well and truly over for the flippers..SSO of EVO fame now has a blog...wrote a good article on the £1mil plus hypercar market recently
https://karenable.com/too-much-of-a-good-thing/
Clearly that’s a long way from the Porsche GT market but there are parallels....there are an awful lot more GT cars made now than there were 10 years ago. Which is the last time the market started “reversing”.
Another factor which is hitting 'overs' substantially is some of the huge discounts and extremely ambitious PCP deals currently being offered by McLaren and Aston Martin..It makes paying £240K for a flipped RS WP even more daft
Also, there's no capital gains tax on private car sale profits...
With Deutsche Bank and other potential risks to the financial system there's no reason why another credit crunch couldn't happen.
Taffy66 said:
Interesting to know on whether the new RS with Weissach Pack has actually been flipped for substantial 'overs'...If these second batch RSs don't sell for big overs then nothing will IMO..It'll confirm that the party is well and truly over for the flippers..
Another factor which is hitting 'overs' substantially is some of the huge discounts and extremely ambitious PCP deals currently being offered by McLaren and Aston Martin..It makes paying £240K for a flipped RS WP even more daft
Fair point Taffy but theres a big difference between the £100k and £200k Porsche GT market.Another factor which is hitting 'overs' substantially is some of the huge discounts and extremely ambitious PCP deals currently being offered by McLaren and Aston Martin..It makes paying £240K for a flipped RS WP even more daft
Obviously lots more buyers around at the lower figure and whilst the GT4 and Spyder have both received only a lukewarm reception this time around for obvious reasons, they are nevertheless still relatively affordable junior supercars which will still be cheap to run relative to any possible comparables at the money.
It's not only the number of cars being built across the sports car sector but the political mess this country is in making the current economic climate worse than a recession! This is not only affecting the car market but also the housing market especially new build in the mid sector with deals to be had.
I think the days of overs car prices has been on the decline for the past year and won't be back for some time hence the trickle feed of new cars otherwise Porsche would have new 718gt4/spyder sitting in the showrooms unsold a bit like back in 2011/12 . But has said before anybody who wants a car will get one with patience.
I looked at prices of 991.2gt3s yesterday and good low mileage manual cars are back at about list so look good value at c£130k compared to a £100k gt4 plus no GPF to worry about.
I am waiting for the 991.2gt3 to hit £100/110k which will most likely be end of 2020 when cars are getting to over 3 years old!
I think the days of overs car prices has been on the decline for the past year and won't be back for some time hence the trickle feed of new cars otherwise Porsche would have new 718gt4/spyder sitting in the showrooms unsold a bit like back in 2011/12 . But has said before anybody who wants a car will get one with patience.
I looked at prices of 991.2gt3s yesterday and good low mileage manual cars are back at about list so look good value at c£130k compared to a £100k gt4 plus no GPF to worry about.
I am waiting for the 991.2gt3 to hit £100/110k which will most likely be end of 2020 when cars are getting to over 3 years old!
Taffy66 said:
bennno said:
I make the spec of their car £94.4k so market is still £10.5k premium even on a car with £20k of extras....
I worked it out exactly and it comes to about £96K excluding the new car tax which is an additional £1870..Total cost about £98K which is £7k less than the Redline GT4s asking price..Apply some room for negotiation and the premium narrows down to about £5K only.bennno said:
It’s not, I put the spec through the configuration and it’s £94.4k ..... so it’s a 10.5k mark up
Its £96,275 excluding the £1870 tax..You've missed a couple of options as i've double checked..Either way i see no premiums on the 718GT4 however in contrast i think the Spyder will sell for overs,at least for a while..Taffy66 said:
bennno said:
It’s not, I put the spec through the configuration and it’s £94.4k ..... so it’s a 10.5k mark up
Its £96,275 excluding the £1870 tax..You've missed a couple of options as i've double checked..Either way i see no premiums on the 718GT4 however in contrast i think the Spyder will sell for overs,at least for a while..bennno said:
Still think you’ve added up wrong - irrespective you get a part refund on tax c.£470 makes car £97,500 inc tax and it’s advertised for £7500 more - so that’s a premium.....
Advertising price and actual selling price are never the same..I've bought cars from Redline and they will always discount after haggling..Deduct Redline's SOR fee or profit on sale and best case is this 718GT4 returns original list to the owner..
Edited by Taffy66 on Wednesday 11th December 21:06
ClubsportStr said:
Ady128 said:
I was asked earlier would I like a new 718 GT4. If I say yes (by tomorrow) can people please help me spec it. However, I don't really need lots of extras. Ps I'm currently in a GTS
Did you take allocation. What spec have you decided on?Taffy66 said:
Advertising price and actual selling price are never the same..I've bought cars from Redline and they will always discount after haggling..
Deduct Redline's SOR fee or profit on sale and best case is this 718GT4 returns original list to the owner..
Redline will ask the owner what he wants for it, Redline then decide what to put it up for. The seller will get the price they asked for. Redline work on very small margins so the seller will make money on that car. Even if it’s £3k or £5k it’s free money. Deduct Redline's SOR fee or profit on sale and best case is this 718GT4 returns original list to the owner..
Edited by Taffy66 on Wednesday 11th December 21:06
Also remember the seller gets some tax back and the buyer will have to pay £550 to tax it.
It small amounts agree over flipping a speedster, but making money is making money at any level in the flipping market.
Tax free also.
Porsche911R said:
Cannot see it unless you buy a none spec leggy example.
991.1 are still that now !
Currently under the £100k mark and falling, won't be long before a nice example will be had for £90k!991.1 are still that now !
I have no vested interest in car prices as not in the market at the moment but one has to agree prices are falling and gathering pace so 70% of list price after 3 years old is not to far fetched and now a likely scenario going forward!
Taffy66 said:
bennno said:
It’s not, I put the spec through the configuration and it’s £94.4k ..... so it’s a 10.5k mark up
Its £96,275 excluding the £1870 tax..You've missed a couple of options as i've double checked..Either way i see no premiums on the 718GT4 however in contrast i think the Spyder will sell for overs,at least for a while..If Porsche cut back on production due to perceived falling demand across most markets including the UK this could have a major bearing on prices.
GT4P said:
Currently under the £100k mark and falling, won't be long before a nice example will be had for £90k!
I have no vested interest in car prices as not in the market at the moment but one has to agree prices are falling and gathering pace so 70% of list price after 3 years old is not to far fetched and now a likely scenario going forward!
that's a long way from buying a 991.2 at £100k ! and 70% off list lol must be a typo !!!I have no vested interest in car prices as not in the market at the moment but one has to agree prices are falling and gathering pace so 70% of list price after 3 years old is not to far fetched and now a likely scenario going forward!
always be a £30k gap imo.
Read the above with interest. I asked the OPC where i recently purchased a new 911 for one and I was treated like I had just asked for a night out with the wife of the Principle.
I was told.. some people buy 6-7 cars a year Sir to get our GT products, you could not reasonably expect to get one this soon right ? It was pretty hard to tell him to eff off and that when times would turn he would be begging to have petrolheads still buying his cars..
Anyways.. am reassured, I would not mind something chuckable and light to take to the track and GT4 fits the bill. With my GT3 and Speciale in the past I have had good track sessions but the sheer value of things always held me back a bit.. a GT4 would address that I think..
Interestingly I also checked for a M2 CS (ok, completely different planet, I know), because 4 seats. And the dealer I asked told me they hadn't received a SINGLE interest on the car yet..
I truly thing times are changing, and reality might be a little harsh for some when they wake up.
I was told.. some people buy 6-7 cars a year Sir to get our GT products, you could not reasonably expect to get one this soon right ? It was pretty hard to tell him to eff off and that when times would turn he would be begging to have petrolheads still buying his cars..
Anyways.. am reassured, I would not mind something chuckable and light to take to the track and GT4 fits the bill. With my GT3 and Speciale in the past I have had good track sessions but the sheer value of things always held me back a bit.. a GT4 would address that I think..
Interestingly I also checked for a M2 CS (ok, completely different planet, I know), because 4 seats. And the dealer I asked told me they hadn't received a SINGLE interest on the car yet..
I truly thing times are changing, and reality might be a little harsh for some when they wake up.
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