So many 997TT's for Sale
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This is a silly thread!
US dealers can sell any used or new TT for a premium over seas!
Gee, a guy who makes 250K a year drives a TT, lives in a 1.+ home and can't afford to make his payments, Duh!
I would say 90% fit into this category! Especially your urban, single, under 35 crowd. The truth is most just cant afford the car and shouldn't have bought/leased it in the first place!
I always laugh out loud at the guy who pulls up in his TT and skipped obvious options simply because he couldn't afford the car in the first place. Its like buying a home and not being able to furnish it.
US dealers can sell any used or new TT for a premium over seas!
Gee, a guy who makes 250K a year drives a TT, lives in a 1.+ home and can't afford to make his payments, Duh!
I would say 90% fit into this category! Especially your urban, single, under 35 crowd. The truth is most just cant afford the car and shouldn't have bought/leased it in the first place!
I always laugh out loud at the guy who pulls up in his TT and skipped obvious options simply because he couldn't afford the car in the first place. Its like buying a home and not being able to furnish it.
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My opinion is that this economy has a lot of people spooked. They are waiting for the bottom to fall out and dont want to be stuck with a car. Once the honeymoon of the new car is over the thought of it losing 30% of its value in a economic downturn is not that appealing. (Not that this will happen). The next 12 months will be a good indicator of where things are headed.
I find it hard to believe that the people buying these cars new are in a socioeconomic class that would cause them to "sweat" the purchase of a new Porsche and worry about taking a depreciation hit. I think that most people buying these cars are making many hundreds of thousands of dollars a year, if not more. Be interesting to do a income sample of all porsche owners on this board.
But, if thats not the case, so be it..I like the flood of cars into the market place..just makes em cheaper for those of us looking for a good deal on used 997tt's. (like me!)
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Thats because its a California thing. Allot of people will push themselves to the financial edge just to portrait a certain "image" with cars like the 997tt.
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It could be that the 997TT crowd always wants to own the "ultimate" car and are simply starting to move on.
Not sure if related or not, but my local Nissan dealer has four TTs on the lot that he has taken as trade-ins.
Just kidding.
Not sure if related or not, but my local Nissan dealer has four TTs on the lot that he has taken as trade-ins.
Just kidding.
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Really? As someone who's done some work for banks (defending them), I'd have to disagree... they aren't in the business of developing real estate, owning people's crappy starter homes, or selling three-year-old Porsches. Bottom line is that defaults occur, but they aren't the core of the bank's business -- in fact, they're often a loss for both parties.
Last edited by Black V12; Jun 6, 2008 at 12:03 PM.
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That's idiotic... Bank like defaults? $328 Billion in write downs? Tell that the Bear Sterns employees and investors... tell that to thousands of people who no longer work for banks and financial companies due to in large part greed at EVERY part of the chain. Blaming just banks is passing up personal responsibility to a lot of people who should have known better.
Rant off
Rant off
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This thread is interesting, it carries many scattered thoughts that are true...
It would be interesting to know how many are leasing or paying the car and at what rate, by rate I don't mean the % rate but how much downpayment and how long are these loans or leases.
I believe 50% of the 997TT's out there owners despite able to afford them have become a burden for many reasons, perhaps 2nd car, perhaps lower income.
Also interesting would be able to track those upcoming 997TT's, mainly because I'm interested in a good one if the price drop is considerable, but also for market and information sake.
It would be interesting to know how many are leasing or paying the car and at what rate, by rate I don't mean the % rate but how much downpayment and how long are these loans or leases.
I believe 50% of the 997TT's out there owners despite able to afford them have become a burden for many reasons, perhaps 2nd car, perhaps lower income.
Also interesting would be able to track those upcoming 997TT's, mainly because I'm interested in a good one if the price drop is considerable, but also for market and information sake.