Diminished value of vehicle

[Creditplz]

@cashorcharge i may be responsible for starting a Reddit post that had 8k upvotes and 1.6k comments hahahaha, but they asked me to delete it, which I did once we signed all the paperwork and got the check... 

the GM said this car has "extensive" damage and the issue is.... the leaking stuff in the undercarriage and bent control arm... etc.. he said they will 300% find more issues when they tear the car apart at the body shop and will more then likely just wholesale it at auction.. 

another issue he said was the GT3 car has to use Porsche factory parts which are in VERY short supply, so it'll have to be wholesaled anyways... he said this after everything when I was grabbing all my contents from the car.

[Creditplz]

@FLLGuy yeah I'm in SoCal! I know people rebuild these with OEM parts but OEM parts are in veryyyy short demand for the 992 GT3, I'm sure it will end up in FL with someone who is interested in a rebuild! Hopefully at a bargain price!

im kicking myself, I asked for a loaner for a month.... as a term that I needed... I should've asked for a allocation for a '23 GT3!!!! **bleep**! 

[Creditplz]

Also I'm getting a '23 R8 GT... after this loss kinda feels necessary... I will update pics when the car comes in! Already approved for financing with Audi financial Serv

[cashorcharge]

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@Creditplz wrote:

@cashorcharge i may be responsible for starting a Reddit post that had 8k upvotes and 1.6k comments hahahaha, but they asked me to delete it, which I did once we signed all the paperwork and got the check... 

the GM said this car has "extensive" damage and the issue is.... the leaking stuff in the undercarriage and bent control arm... etc.. he said they will 300% find more issues when they tear the car apart at the body shop and will more then likely just wholesale it at auction.. 

another issue he said was the GT3 car has to use Porsche factory parts which are in VERY short supply, so it'll have to be wholesaled anyways... he said this after everything when I was grabbing all my contents from the car.

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HAHAHA!  I guess the nudgeing worked in your favor @Creditplz !  

I've had great experiences at Porsche Newport Beach.  PM if you need a contact.

You're right...they'll likely wholesale it...or maybe it will show up in Scottsdale at Barrett Jackson in January 2023.

Enjoy the R8

[Creditplz]

Thank you @cashorcharge  I actually bought my first 911 from Gio when he was at walters in riverside, and know the GM very well!

I like Newport but since their a small dealer I can't get a GT3RS without a $200k ADM... also from what I've heard, 918 clients come first... then GT2RS then us..

oh well... thanks everybody !! 

[SweetCreditObsession]

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@Creditplz wrote:

Today after being contacted by The Drive & Jalopnik they agreed to buy the car for $295k with a NDA & "settlement & release agreement" saying I will not name them. 

We agreed... and they sent the payoff to PFS, and wrote me a check for the difference. 

At first the GM came at me saying, we gave you an allocation at cost (not true) and the car should be sold back for what I owe on the loan... then when I showed him the journalist who have contacted me etc.... yeah.... they caved in 3 seconds looool.... needless to say I probably won't get an allocation for a GT3RS anytime soon... 

this probably costed the dealer $160k+ 

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I'm glad that you've got the car off your hands and got a little extra in your pocket.

I agree with others, however, I'd be DONE with this dealership. It's clear that they weren't acting with integrity toward you until you had to threaten them. 

Best wishes with finding a better dealership and a car that you can be happy with...that's in tip top shape!