718 GT4 UK Allocations
Discussion
Taffy66 said:
These latest price increases on all Porsches will quell flipping to a certain extent considering that normal depreciation has returned.
I dunno if it will really change much for the next 12-24months. I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
TDT said:
Taffy66 said:
These latest price increases on all Porsches will quell flipping to a certain extent considering that normal depreciation has returned.
I dunno if it will really change much for the next 12-24months. I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
IMO, that configurator image above is very telling....
Porsche have created a Cayman market where a GTS starts at £73k, which is pretty much the same price a GT4 started in 2019 (£75k).
With the GT4 gone, and the 4RS up a whopping £10k, there is now a full £50k price gap between the top 2 cayman models! And that's even before the rumoured R is confirmed!
The £50k 'gap' can now only be filled in the used market with people wanting a GT product, but not able to afford and/or get hold of a RS, so if Porsche don't throw any curve balls then values on the GT4 will now surely climb to mid points.
Interest rates are expected to drop by mid next year, and let's not forget interest rates have been artificially low for ages, so when you are talking about £100k cars, the amount of interest being paid on balances is pretty low anyway in relations to the earnings/wealth of the actual buyer affordability, so any rises are just adjustments.
I really can't see how people can think there are going to be price drops, depreciations, more allocations of the 4RS etc, none of that would be in Porsche's interest.
Porsche have created a Cayman market where a GTS starts at £73k, which is pretty much the same price a GT4 started in 2019 (£75k).
With the GT4 gone, and the 4RS up a whopping £10k, there is now a full £50k price gap between the top 2 cayman models! And that's even before the rumoured R is confirmed!
The £50k 'gap' can now only be filled in the used market with people wanting a GT product, but not able to afford and/or get hold of a RS, so if Porsche don't throw any curve balls then values on the GT4 will now surely climb to mid points.
Interest rates are expected to drop by mid next year, and let's not forget interest rates have been artificially low for ages, so when you are talking about £100k cars, the amount of interest being paid on balances is pretty low anyway in relations to the earnings/wealth of the actual buyer affordability, so any rises are just adjustments.
I really can't see how people can think there are going to be price drops, depreciations, more allocations of the 4RS etc, none of that would be in Porsche's interest.
TDT said:
I dunno if it will really change much for the next 12-24months.
I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
Limited build and limited editions may hold their prices better, but the rest are going to drop big time. I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
At last, I have picked mine up. I guess I got lucky as I got the specification I wanted including LWB and LED PDLS (instead of PDLS+) and I didn't want ceramics.
This is my first GT car and initial impressions are very positive. Naturally, she needs running in but with just a few miles completed, I can feel all the positive traits people talk about. I'm excited to get some proper miles done and start exploring the capabilities a little further.
I'm sad to see production has come to an end on one hand but selfishly I guess it will help with residuals in the long term. However, I have no intention of selling and the dream is to see her click over 100,000 miles before someone tells me we can't burn petrol anymore.
I'm glad I got in there before this recent price rise. It already cost me a heap more than it would have done if I'd committed one year earlier.
rkwm1 said:
TDT said:
I dunno if it will really change much for the next 12-24months.
I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
Limited build and limited editions may hold their prices better, but the rest are going to drop big time. I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
ClubsportStr said:
rkwm1 said:
TDT said:
I dunno if it will really change much for the next 12-24months.
I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
Limited build and limited editions may hold their prices better, but the rest are going to drop big time. I don’t think flipper asking prices will come down… just less profit made by them, asking might even go up… and residuals will be dragged up by new pricing.
Anything that starts to normalise the market has to be a good thing.
I would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
I would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
ChrisW. said:
Anything that starts to normalise the market has to be a good thing.
I would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
He means the 3RS has increased £20k (not £20k more than the 4RS). The difference in new list price 3RS / 4RS is ~£70kI would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
kmpowell said:
IMO, that configurator image above is very telling....
Porsche have created a Cayman market where a GTS starts at £73k, which is pretty much the same price a GT4 started in 2019 (£75k).
With the GT4 gone, and the 4RS up a whopping £10k, there is now a full £50k price gap between the top 2 cayman models! And that's even before the rumoured R is confirmed!
The £50k 'gap' can now only be filled in the used market with people wanting a GT product, but not able to afford and/or get hold of a RS, so if Porsche don't throw any curve balls then values on the GT4 will now surely climb to mid points.
Interest rates are expected to drop by mid next year, and let's not forget interest rates have been artificially low for ages, so when you are talking about £100k cars, the amount of interest being paid on balances is pretty low anyway in relations to the earnings/wealth of the actual buyer affordability, so any rises are just adjustments.
I really can't see how people can think there are going to be price drops, depreciations, more allocations of the 4RS etc, none of that would be in Porsche's interest.
What is the rumoured R….?Porsche have created a Cayman market where a GTS starts at £73k, which is pretty much the same price a GT4 started in 2019 (£75k).
With the GT4 gone, and the 4RS up a whopping £10k, there is now a full £50k price gap between the top 2 cayman models! And that's even before the rumoured R is confirmed!
The £50k 'gap' can now only be filled in the used market with people wanting a GT product, but not able to afford and/or get hold of a RS, so if Porsche don't throw any curve balls then values on the GT4 will now surely climb to mid points.
Interest rates are expected to drop by mid next year, and let's not forget interest rates have been artificially low for ages, so when you are talking about £100k cars, the amount of interest being paid on balances is pretty low anyway in relations to the earnings/wealth of the actual buyer affordability, so any rises are just adjustments.
I really can't see how people can think there are going to be price drops, depreciations, more allocations of the 4RS etc, none of that would be in Porsche's interest.
Haven’t read anything on line…. But would like to know more!
Not that I’ll ever get one or be able to afford one. Happy with my GTS!
Nuttcase said:
ChrisW. said:
Anything that starts to normalise the market has to be a good thing.
I would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
He means the 3RS has increased £20k (not £20k more than the 4RS). The difference in new list price 3RS / 4RS is ~£70kI would rather Porsche have the money than their OPC's ... who do still make a good margin on cars at list.
More than this was of no value to Porsche (other than to illustrate what some would pay) and has undoubtedly debased the OPC network, if not Porsche themselves.
If my understanding of T's new prices are correct with a £20k difference between a GT4RS and a GT3RS .... for those who only want a track car plus to and from the circuit ... to my mind the GT3RS is worth far more than +£20k.
On the other hand, the pace and associated skill and mindset to go with that is at a completely new level particularly since the cars are hardly stopping any faster !
Still with the new pricing… makes some of the back catalogue more appealing and look better vfm.
….I’ve started the next round of man-maths…
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