Notices
992 2019-Present The Forum for the Non-Turbo 911
Sponsored by:
Sponsored by:

Cancel Order? Because of Corona Virus Fallout?

Thread Tools
 
Search this Thread
 
Old 03-15-2020, 03:45 PM
  #1  
Agave
Advanced
Thread Starter
 
Agave's Avatar
 
Join Date: Dec 2019
Location: San Antonio Texas
Posts: 90
Received 34 Likes on 20 Posts
Default Cancel Order? Because of Corona Virus Fallout?

I have an order placed in late December, and scheduled to be built this next week.

Should I cancel? Or who out there is thinking about cancelling, and if so why?

Popular Reply

03-15-2020, 10:36 PM
S4to911
Instructor
 
S4to911's Avatar
 
Join Date: Jun 2005
Posts: 181
Likes: 0
Received 96 Likes on 27 Posts
Default

Originally Posted by AKSteve
The latest thing I read was that the blood pressure medicine (Lisinopril) that I take makes the infection much worse. Something about how it changes the shape of your blood cells, making it easier to get a bad infection. And then in the comments to the article about this, everyone says that this info sounds wrong and that the medicine should make it harder to get infected. Like I wasn't stressed out enough already.
Not quite. The theory is that the virus uses the ACE2 protein in the cells of the lung to attach and invade. ACE inhibitors like lisinopril theoretically increase these receptors in the lung, making it more likely that the COVID 19 virus can attach and grow. Thus, if you replace it with another anti-hypertensive drug, you may be less suspectible. Mind you, this is only a theory. Thus the confusion.

However, there are currently trials ongoing in China and South Korea of an old anti-malarial drug (hydroxychloroquine) that blocks ACE2 expression in the lung. Early rumors are that this may work as treatment of COVID 19 pneumonia, and we can only hope that when these results are released in a few weeks we can have some hope here for those affected.
Old 03-15-2020, 03:48 PM
  #2  
doug992
Racer
 
doug992's Avatar
 
Join Date: Mar 2020
Location: Fairfield County, CT
Posts: 482
Received 208 Likes on 125 Posts
Default

you should cancel if you feel it may pose financial risk to you. If not then you should be ok
The following 10 users liked this post by doug992:
911-heaven (03-20-2020), Agave (03-15-2020), aggie57 (03-15-2020), CarmineGT3 (03-16-2020), detansinn (03-15-2020), dhirm5 (03-16-2020), Paliknight (03-16-2020), rockrdude (03-17-2020), Rxpert (03-15-2020), Staff@WORLD (03-15-2020) and 5 others liked this post. (Show less...)
Old 03-15-2020, 05:05 PM
  #3  
clutchplate
Three Wheelin'
 
clutchplate's Avatar
 
Join Date: Sep 2006
Location: A far away galaxy, CA
Posts: 1,379
Received 927 Likes on 432 Posts
Default

I haven't ordered a car but was planning to buy a 992 or Spyder during the next couple of months. After the stock market collapse and the pandemonium I saw at Costco this weekend I'm sitting tight for now. Suddenly a new car doesn't seem urgent.
The following 2 users liked this post by clutchplate:
aaa335 (03-15-2020), edcli (03-16-2020)
Old 03-15-2020, 05:13 PM
  #4  
9912c4
Intermediate
 
9912c4's Avatar
 
Join Date: May 2017
Location: Munich, Germany
Posts: 36
Received 9 Likes on 2 Posts
Default

Cancelled my order for a 992 Turbo S on Friday after having lost (way) more than its retail price in the recent two weeks thanks to the stock market crash. I‘ll keep my 992 Carrera S though
Old 03-15-2020, 07:12 PM
  #5  
Staff@WORLD
Basic Sponsor
Rennlist
Site Sponsor

 
Staff@WORLD's Avatar
 
Join Date: Jul 2012
Location: Los Angeles, California
Posts: 1,236
Received 215 Likes on 129 Posts
Default

Originally Posted by doug992
you should cancel if you feel it may pose financial risk to you. If not then you should be ok
Great response.
__________________
WORLD MOTORSPORTS
2170 W 190th Street Torrance, CA 90504
(310) 533-8900
- Akrapovic - BMC - TechArt - H&R - By Design - AMS - CSF - Kline - NGK - TiLugs - HRE - M Engineering - ID Injectors -
FULL SERVICE INSTALLATION FACILITY - STATE OF THE ART WIND TUNNEL DYNO - ECU TUNING
WORLD-MOTORSPORTS.COM
The following 8 users liked this post by Staff@WORLD:
Agave (03-15-2020), aggie57 (03-15-2020), CarmineGT3 (03-16-2020), detansinn (03-15-2020), doug992 (03-16-2020), phefner (03-25-2020), rockrdude (03-17-2020), Ukkid74 (03-17-2020) and 3 others liked this post. (Show less...)
Old 03-15-2020, 07:16 PM
  #6  
ldamelio
Rennlist Member
 
ldamelio's Avatar
 
Join Date: Feb 2018
Location: Bucks County PA
Posts: 1,350
Received 898 Likes on 483 Posts
Default

I think many of us are in the same position. Six weeks ago, I was debating about the $75k to upgrade my 718S (first Porsche) to a 992S even though it was a complete non-issue financially (I'm on the frugal side). Since then, it seems like my brokerage account and 403b are flushing a GT3 down the toilet every day. Suddenly sitting tight makes sense. I do think that the monetary policy adjustments by the Fed will result in a either a big bounce or gradual recovery starting 3-4 months down the road after Covid runs its course. I'm at the point in life (59) where I don't finance things, especially depreciating assets like a car. However, there might be a sweet spot when it makes sense to borrow at historically low rates and invest the money in the market. My statement that I think this will pass in a couple of months comes from expertise (doc/healthcare administrator). My financial forecast doesn't - I'd be interested what any finance experts here think about my optimism for market recovery.
The following users liked this post:
detansinn (03-15-2020)
Old 03-15-2020, 07:22 PM
  #7  
detansinn
RL Community Team
Rennlist Member
 
detansinn's Avatar
 
Join Date: Jan 2019
Location: Doylestown, PA
Posts: 5,474
Received 7,739 Likes on 2,888 Posts
Default

The pandemic is an odd circumstance, because once the critical stage and panic have passed, there will be quick snap back of demand and the economic recovery with it. I have to say that I am really looking forward to being at that point, because everyday just sucks right now. Be safe out there!


The following 10 users liked this post by detansinn:
17bhub (03-16-2020), AdamSanta85 (03-18-2020), AlexCeres (03-15-2020), BMWMB (03-18-2020), ldamelio (03-15-2020), Metalblond (03-19-2020), moomin (03-16-2020), rhr992c4s (03-16-2020), Sebvelez (03-19-2020), Underblu (03-21-2020) and 5 others liked this post. (Show less...)
Old 03-15-2020, 07:29 PM
  #8  
AKSteve
Banned
 
AKSteve's Avatar
 
Join Date: Apr 2005
Location: Anchorage, AK
Posts: 1,794
Received 815 Likes on 456 Posts
Default

Originally Posted by detansinn
everyday just sucks right now. Be safe out there!
The latest thing I read was that the blood pressure medicine (Lisinopril) that I take makes the infection much worse. Something about how it changes the shape of your blood cells, making it easier to get a bad infection. And then in the comments to the article about this, everyone says that this info sounds wrong and that the medicine should make it harder to get infected. Like I wasn't stressed out enough already.
The following users liked this post:
detansinn (03-15-2020)
Old 03-15-2020, 07:46 PM
  #9  
LexVan
Banned
 
LexVan's Avatar
 
Join Date: Jan 2013
Location: Chicagoland Area
Posts: 26,142
Likes: 0
Received 5,390 Likes on 2,510 Posts
Default

You ordered it. Honor your commitment.

Similar conversation here last week:

https://rennlist.com/forums/718-gt4-...negotiate.html
The following users liked this post:
17bhub (03-16-2020)
Old 03-15-2020, 07:50 PM
  #10  
Agave
Advanced
Thread Starter
 
Agave's Avatar
 
Join Date: Dec 2019
Location: San Antonio Texas
Posts: 90
Received 34 Likes on 20 Posts
Default

Originally Posted by LexVan
You ordered it. Honor your commitment.

Similar conversation here last week:

https://rennlist.com/forums/718-gt4-...negotiate.html

In law school, we learned about an "Act of God" exception for contracts and liability in Anglo -American law. It has long been accepted as a defense to a claim on a contract.

This is tough, ....I am a man of my word, but this situation gots me thinking.....
The following users liked this post:
chance6 (03-15-2020)
Old 03-15-2020, 08:36 PM
  #11  
AnandN
Rennlist Member
 
AnandN's Avatar
 
Join Date: May 2017
Location: NH/FL
Posts: 1,436
Received 388 Likes on 253 Posts
Default

I am not ordering a 992 (I was thinking about it) but I can share my perspective. When I was finalizing my 991.2 4s order in 2017, the dealer had a loaded C4S in the showroom with a sticker of 160k. The prospective buyer, I was told, had bailed forfeiting the 5k deposit. The sales manager sounded pissed.
In the current very uncertain economic environment, there is no way would I order a new 911. Just me. I see a hard and long slog for recovery and don’t need unnecessary large ticket expenditures. I guess depends how much of a cushion one has and the
desire for a toy.
Old 03-15-2020, 10:15 PM
  #12  
Hitesh Patel
Intermediate
 
Hitesh Patel's Avatar
 
Join Date: Mar 2020
Posts: 31
Received 26 Likes on 10 Posts
Default

This is very fair question to ask.

The markers and economy are changing by the hour. We will get to know by end of next week how things look.

It's mess out there .
Old 03-15-2020, 10:29 PM
  #13  
aggie57
Rennlist Member
 
aggie57's Avatar
 
Join Date: Feb 2009
Location: Newport Beach, CA and Melbourne, Australia
Posts: 4,103
Received 2,693 Likes on 1,428 Posts
Default

Originally Posted by AnandN
I am not ordering a 992 (I was thinking about it) but I can share my perspective. When I was finalizing my 991.2 4s order in 2017, the dealer had a loaded C4S in the showroom with a sticker of 160k. The prospective buyer, I was told, had bailed forfeiting the 5k deposit. The sales manager sounded pissed.
In the current very uncertain economic environment, there is no way would I order a new 911. Just me. I see a hard and long slog for recovery and don’t need unnecessary large ticket expenditures. I guess depends how much of a cushion one has and the
desire for a toy.
And how long you plan on keeping it. I got a killer deal on a new 997 back in 2009, kept and drove it every day for 5 years.
Old 03-15-2020, 10:36 PM
  #14  
S4to911
Instructor
 
S4to911's Avatar
 
Join Date: Jun 2005
Posts: 181
Likes: 0
Received 96 Likes on 27 Posts
Default

Originally Posted by AKSteve
The latest thing I read was that the blood pressure medicine (Lisinopril) that I take makes the infection much worse. Something about how it changes the shape of your blood cells, making it easier to get a bad infection. And then in the comments to the article about this, everyone says that this info sounds wrong and that the medicine should make it harder to get infected. Like I wasn't stressed out enough already.
Not quite. The theory is that the virus uses the ACE2 protein in the cells of the lung to attach and invade. ACE inhibitors like lisinopril theoretically increase these receptors in the lung, making it more likely that the COVID 19 virus can attach and grow. Thus, if you replace it with another anti-hypertensive drug, you may be less suspectible. Mind you, this is only a theory. Thus the confusion.

However, there are currently trials ongoing in China and South Korea of an old anti-malarial drug (hydroxychloroquine) that blocks ACE2 expression in the lung. Early rumors are that this may work as treatment of COVID 19 pneumonia, and we can only hope that when these results are released in a few weeks we can have some hope here for those affected.
The following 11 users liked this post by S4to911:
17bhub (03-16-2020), AdamSanta85 (03-18-2020), aggie57 (03-15-2020), CarmineGT3 (03-16-2020), darkknight26 (03-16-2020), detansinn (03-15-2020), Jkb545 (03-15-2020), ldamelio (03-15-2020), moomin (03-16-2020), PistolPete (03-18-2020), Sebvelez (03-19-2020) and 6 others liked this post. (Show less...)
Old 03-15-2020, 10:39 PM
  #15  
AnandN
Rennlist Member
 
AnandN's Avatar
 
Join Date: May 2017
Location: NH/FL
Posts: 1,436
Received 388 Likes on 253 Posts
Default

Originally Posted by aggie57
And how long you plan on keeping it. I got a killer deal on a new 997 back in 2009, kept and drove it every day for 5 years.
I was thinking keeping it for 4 years until warranty is up (2021) and ordering a MY 2021. Now, I have ruled that out. Will re-evaluate later. My 2.5 year old C4S has been perfect so that is another consideration.


Quick Reply: Cancel Order? Because of Corona Virus Fallout?



All times are GMT -3. The time now is 06:34 AM.