2022 Turbo S - how much over msrp have you heard?
03-30-2023, 02:30 PM
#542
Three Wheelin'
1. You missed out on 2 years of driving a car for $5,000-10,000. You waited on the sidelines while you could have been driving the car. Had you bought it, you could have been at the top of the list for a 2024 allocation with a trade in as dealers give priority to buyers who are trading in because they can now make profit on two cars instead of one.
2. While you were on the sidelines waiting for 2 years, the MSRP has increased year over year. With the most current increases, you are probably paying 20k or more for the same car.
3. If you were leasing or financing any portion of the car in 2022, your interest payments would be less than half of what they are today. I actually got a 1.75% rate on a 2022 and am paying 4.75% on a new 2023.
4. 2022 models could be ordered with anything and everything. The latest cars have stop orders on a lot of options like Paint to Sample, Sports Chrono and other bits here and there.
5. You could have sold your 2022 for probably 50k or more above MSRP on the secondary market and made a profit, even with paying ADM to dealer.
As far as I know there are basically no differences in these cars from 2022-2024. Engine is the same, transmission, wheel sizes, etc. So, had you paid that 5-10k over MSRP 2 years ago you would have been ahead of the game.
Thats why I dont think people that pay ADM for a Rolex or a Porsche aren't necessarily "stupid" or "foolish" MSRP goes up every year, so the preowned market takes advantage of that as well..
03-30-2023, 02:58 PM
#543
Pages of them @ big $ over MSRP. Wholesale I saw one run @ $285k CAD (no sale) Holding hard on the dream. I did my config on a 2023 with Lux tax and it was $347k vs. $295k locked no lux owed (due to order in 2021) early Jan. We'll see if I get hit with a price increase once its in Canada.
Good luck avoiding the Lux tax.
My order and deposit was also from 2021 allocation in May 2022 and locked in June 2022 and delivered December 2022 I still paid the Canadian luxury tax.
03-30-2023, 03:03 PM
#544
Rennlist Member
03-30-2023, 03:19 PM
#545
Intermediate
From what I know you are excluded from lux tax if you and the dealer had a bona fide written agreement for the sale in 2021.
03-30-2023, 03:54 PM
#546
Not an Addict?
Rennlist Member
Rennlist Member
So, lets look at your scenario for a moment.. I am not bashing you for not paying ADM, I never have, but there is a strong argument to made for doing so..
1. You missed out on 2 years of driving a car for $5,000-10,000. You waited on the sidelines while you could have been driving the car. Had you bought it, you could have been at the top of the list for a 2024 allocation with a trade in as dealers give priority to buyers who are trading in because they can now make profit on two cars instead of one.
2. While you were on the sidelines waiting for 2 years, the MSRP has increased year over year. With the most current increases, you are probably paying 20k or more for the same car.
3. If you were leasing or financing any portion of the car in 2022, your interest payments would be less than half of what they are today. I actually got a 1.75% rate on a 2022 and am paying 4.75% on a new 2023.
4. 2022 models could be ordered with anything and everything. The latest cars have stop orders on a lot of options like Paint to Sample, Sports Chrono and other bits here and there.
5. You could have sold your 2022 for probably 50k or more above MSRP on the secondary market and made a profit, even with paying ADM to dealer.
As far as I know there are basically no differences in these cars from 2022-2024. Engine is the same, transmission, wheel sizes, etc. So, had you paid that 5-10k over MSRP 2 years ago you would have been ahead of the game.
Thats why I dont think people that pay ADM for a Rolex or a Porsche aren't necessarily "stupid" or "foolish" MSRP goes up every year, so the preowned market takes advantage of that as well..
1. You missed out on 2 years of driving a car for $5,000-10,000. You waited on the sidelines while you could have been driving the car. Had you bought it, you could have been at the top of the list for a 2024 allocation with a trade in as dealers give priority to buyers who are trading in because they can now make profit on two cars instead of one.
2. While you were on the sidelines waiting for 2 years, the MSRP has increased year over year. With the most current increases, you are probably paying 20k or more for the same car.
3. If you were leasing or financing any portion of the car in 2022, your interest payments would be less than half of what they are today. I actually got a 1.75% rate on a 2022 and am paying 4.75% on a new 2023.
4. 2022 models could be ordered with anything and everything. The latest cars have stop orders on a lot of options like Paint to Sample, Sports Chrono and other bits here and there.
5. You could have sold your 2022 for probably 50k or more above MSRP on the secondary market and made a profit, even with paying ADM to dealer.
As far as I know there are basically no differences in these cars from 2022-2024. Engine is the same, transmission, wheel sizes, etc. So, had you paid that 5-10k over MSRP 2 years ago you would have been ahead of the game.
Thats why I dont think people that pay ADM for a Rolex or a Porsche aren't necessarily "stupid" or "foolish" MSRP goes up every year, so the preowned market takes advantage of that as well..
So, for me it was worth the wait. Even if something happens (like another ship sinking) I really don't care. This purchase (for me) is a nice treat, but I can certainly live without it. My life is very blessed with or without a super car.
There is another reason I won't pay a nickel over MSRP...I won't play into the greed, whether it would have benefited me or not.
Thank you however for your input. You do have some valid points.
03-30-2023, 03:56 PM
#547
I thought the same but it’s not possible if the vehicle doesn’t exist yet, there needs to be a V.I.N. in order to have an acceptable written agreement.
This is what my research and dealer told me, perhaps there are other dealers that have found a work around, I would sure like to hear about it if in fact it’s possible because I paid the feds $30k that I wasn’t planning for.
03-30-2023, 04:57 PM
#548
The price increase from a 2022 TTS to a 2023 TTS is $23,400. The 2024 MY prices have yet to be released?
My 2022 TTS delivered April '22 had a base price of $207,000 and destination charge of $1,350. Total with options $246,860
On the Porsche web site building the exact same 2023 TTS the base is $230,400 and destination charge is $1,650 making the total difference $23,400
All the options I had ordered remained the same price. A quick look at the other options it appears all of the option prices have remained the same.
It will be interesting to see if Porsche keeps the pricing the same for MY 2024.
My 2022 TTS delivered April '22 had a base price of $207,000 and destination charge of $1,350. Total with options $246,860
On the Porsche web site building the exact same 2023 TTS the base is $230,400 and destination charge is $1,650 making the total difference $23,400
All the options I had ordered remained the same price. A quick look at the other options it appears all of the option prices have remained the same.
It will be interesting to see if Porsche keeps the pricing the same for MY 2024.
Last edited by mjf6175; 03-30-2023 at 05:06 PM.
03-30-2023, 05:50 PM
#549
Racer
The price increase from a 2022 TTS to a 2023 TTS is $23,400. The 2024 MY prices have yet to be released?
My 2022 TTS delivered April '22 had a base price of $207,000 and destination charge of $1,350. Total with options $246,860
On the Porsche web site building the exact same 2023 TTS the base is $230,400 and destination charge is $1,650 making the total difference $23,400
All the options I had ordered remained the same price. A quick look at the other options it appears all of the option prices have remained the same.
It will be interesting to see if Porsche keeps the pricing the same for MY 2024.
My 2022 TTS delivered April '22 had a base price of $207,000 and destination charge of $1,350. Total with options $246,860
On the Porsche web site building the exact same 2023 TTS the base is $230,400 and destination charge is $1,650 making the total difference $23,400
All the options I had ordered remained the same price. A quick look at the other options it appears all of the option prices have remained the same.
It will be interesting to see if Porsche keeps the pricing the same for MY 2024.
03-30-2023, 07:13 PM
#551
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So was there any price increase within MY 2023?
03-30-2023, 11:16 PM
#554
Drifting
You paid this in error if you had a deposit and written agreement order demand pending an allocation pre December 31, 2021. Go back to your dealership, they are not responsible for this tax and should refund you the funds.
The wording is clear as day on the CRA website regarding this and is my experience as well.
03-30-2023, 11:19 PM
#555
Drifting
I thought the same but it’s not possible if the vehicle doesn’t exist yet, there needs to be a V.I.N. in order to have an acceptable written agreement.
This is what my research and dealer told me, perhaps there are other dealers that have found a work around, I would sure like to hear about it if in fact it’s possible because I paid the feds $30k that I wasn’t planning for.
This is what my research and dealer told me, perhaps there are other dealers that have found a work around, I would sure like to hear about it if in fact it’s possible because I paid the feds $30k that I wasn’t planning for.
There is no wording on the CRA website that mentions a VIN must be available. It says a written contract must be entered in before December 31, 2021..
Sounds like you paid a tax when not necessary.