Is it possible to buy a new 997 turbo at msrp when it first comes out and then break even or even make some money a few months later? Reason I am asking is the old 996 turbo price was stable for first 6 months or maybe even longer. In other words, you could sell car 6 months later with miles at msrp. It seems like this may be possible especially when looking at the new M5 hype. I guess it depends on production numbers but I cant see porsche producing more 997's than 996's.

 

Forget it. Yes, buying at MSRP is possible. Dealers who gouge will be hung out to dry. But...

There is always a sucker out there who a) will pay over sticker to be first on the block, and b) find another sucker months later to eat the overpayment.

But the only ones making money on sales of Porsches are dealers and Porsche. Customers rarely see gains like you'd expect from a high price asset.

I seriously doubt you could sell a used Turbo 997 months later at original sticker. Just my two cents.

 

Yes, that is the logical argument.

BUT WHY did the 996 turbo prices not move or slightly increase for about 6 months when there really is nothing special about the car.

 

Because there really WAS something special about the car....

Then Porsche overproduced the crap out of the Turbo, and later loaded all the parts bin on one to make the Turbo S even more special, bringing the Turbo pricing down.

 

Nothing special about the car? How many times was the phrase "worlds best" used in the same sentence with 996 Turbo?? For the record every dealer I know is currently beyond sold out. Here at Porsche of Orlando I beleive were up to 17 orders!!! Who charges over MSRP, just curious?

 

I think when the Turbo came out the economy was BOOMING! ... which explained the lack of cars and price gauging ... I think people are thinking the same thing is going to happen but don't realise that there are MANY more options available now plus economy isn't the same ...

I could care less either way ... I'm #1 and I'm going to drive it!

 

Because back in 2001 there was no car that could even come close in the US market in performance... but with the 997TT everything has similar performace (if 487HP)is reality... MB are planing on 63AMG series... where 520+ HP in anything from C class to R class... and their 65AMG will leave the 997TT in the dust for about the same amount of money... a Corvette Z06 is about the same in performance but at 1/2 of the price... a M5 is 503HP and Gallardo at 520HP... all these examples leaves the 997TT in a tough market segment where there are too much alternative for speed, exclusivity, or comfort... just my 0.02

 

Dario and 6088, thanks for answering my original question. You are both probably right.

 

Eric - Calling an automobile, other than a highly collectable, an asset is just wrong. Automobiles depreciate, period. Even the best examples of all the Supercar world are depreciating assets.

 

If you owe nothing on it, it's an asset. If you owe more than it's worth, it's a liability.



Point taken.

 

thats not true... in the issue of July 2005 in the Dupont Registry a 1971 Plymouth Hemi Cuda is listed for sale with 10,295 original miles for $975,000USD... there are only three examples like this in the world... this example shows that automobiles are assets just depends what you use it for and how you keep it... ofcourse this guy did not enjoy his car by driving it but i am sure that he made alot of money just by keeping it in his garage for 30+ years... in today's market a Ferrari Enzo is a classic out of the box... i am sure 30 or 40 years down the road the car will sell more than 10X its MSRP inc. the inflation and the cost of living...

 

Assest - produces income for you month in and month out.
Liability - something you have to pay for each month.

I have always used cars as a way to save/make money. But by thinking that an assest is only something that will create cash flow for you is the way to wealth! Rich Dad Poor Dad!!!!! Great Book!

For example:

Owning a house - Liability. (you have to pay a mortgage or taxes ecvery month)

Owning a house and renting it out - Assest(as long as it produces positive cash flow)

Hmmmm sounds like if you rent out your car you'll be golden haha

 

I beleive porsche went public early in the 996 product line.

One thing is for certain if there is demand for the 997tt , porsche will produce them as fast as possible.

Profits first