Current C-GT market

[Polar Peter]

Can anyone advise the true current market price for 2005 C-GT's with less then 2,500 miles please? I had a 2004 and sold it late in 2005, have missed it ever since... have had plenty of other cars in between but it's time to go back again.

I'm looking for a GT Silver or Bassalt Black if anyone knows of a >2,500 mile car please pm me. Would even work a deal against my 2,500 mile 08 Scuderia.

Thank you for any help.

Peter

[Macster]

Originally Posted by Polar Peter

Can anyone advise the true current market price for 2005 C-GT's with less then 2,500 miles please? I had a 2004 and sold it late in 2005, have missed it ever since... have had plenty of other cars in between but it's time to go back again.

I'm looking for a GT Silver or Bassalt Black if anyone knows of a >2,500 mile car please pm me. Would even work a deal against my 2,500 mile 08 Scuderia.

Thank you for any help.

Peter

A quick search on www.autotrader.com turned up 31 any distance from Seldon NY. (Just a Zip code I had handy.)

Couple of Carreras 99xs in the mix, misnamed or mislabeled.

Call the 31 cars actually 28 or 29. These misnamed cars offered for lots less of course and this brings down the average price and of course drives the low price way way down.

Didn't look for any cars that fit your requirements. Leave that up to you.

Also, I bet not all Carrera GTs offered for sale appear on autotrader.com. But it is a start.

Happy shopping!

Sincerely,

Macster.

[h20skier]

if you can find a under 2500 mile car 2005 then who really knows some of these guys are asking over 400k....I just paid just over 300k for my 2004 with 2900 miles. The CGT's selling appear to be 275k to 335k and the CGT's for sale for months/years and decades are asking 375 and above.

[PogueMoHone]

The weak $ will drive up the prices, since it will increase European demand...again.

I think a lot of the pricing discussed here is wishful thinking. From what I see and hear, good cars with known pedigree and usage are bringing "very good" money.... and "driven" cars are being "traded", it is not unusual to see some of these cars "pristine" with 3 or 4 owners... so be careful.....E.G "I know the guy, who knows the guy, who knows the guy who spun it and he says it was only a little "off"....

One guy told me this week that he sold his CGT (on the East Coast), last November to the Dealer for $425K (since they had a Customer for it and knew his car)....and I have no reason to think that he was exaggerating. That doesn't mean $425K is the market nor if a "car sells at $300K that doesn't make $300K the market either

Honestly, if someone offered me a CGT at $300K I would wonder what was wrong with it...and do a lot of investigation.... and still be afraid to buy it. All in all, I know of quite a few CGTs out there and some are worth all the money and some I wouldn't buy no matter how cheap they appear to be. That doesn't mean that a "good bargain" won't appear from time to time, but they can't all be bargains. And it doesn't stop "human nature" from trying to ascribe the lowest quoted price to the best possible cars...that what the Used car Managers do all day long.

If you are contemplating a "cheap" CGT then I suggest you buy your Porsche Service advisor and CGT mechanic a case of very good wine, be there to go over the car and do some disassembly to look at things...sometimes an X-ray is worth while (little offs, aren't little especially with all the CF)... it will all add to the cost..but it might diminish the cognitive dissonance.

If it sounds too good to be true it generally is and it is interesting to see how "myths" become legend, "wishes" become facts; and people try to talk down (or up) the value of the car.

Having watched the CGT since pre-inception it is also interesting to see how the opinion of the car is "swelling". Some people are beginning to realize they missed out, I was surprised this week by a big name Porsche legend who told me, this week, he lusted after the car and intended to get one...and also surprised that he didn't own one.

I think part of what is adding to the legend is that there is no replacement on the horizon, and the fundamental value of the car is shining through. Good luck in the search, it is a work of art in more ways than one. It is a significant automotive statement for its generation.

[h20skier]

I've found that the 04's are 25-35k cheaper for sure. Hopefully my 1 owner 2900 mile car with a solid PPI from a Porsche Dealer will be just fine.

The market for these cars is what people will pay. People Aren't paying upper 300's and low 400's for these things or the 20 that have been on the market for months/years would be sold. I've watched these for a very long time and the same 15-20 cars have been for sale for the same pricing for a very very long time. Do I feel 300k is the market? NO. Do I think the 425k car you talk about is the market? No. The market is where people are selling them. These cars don't trade hands fast because the owners typically never need to sell them. Possibly the weak dollar will gather their strength back. I know of 3 cars now that have traded for less than 325k and the cars are good.

I'm not talking the values down or up. I'm just a realist. Even at 325k these cars have only lost 25% of there msrp over a 5 year period. That's outstanding in any circles. The guys that paid 100k over sticker for the Scuderia's last year lost 25% in 6 months.

I truly hope the car market stabilizes and I think the downward slide has neared it's end. I really think the high end car market will gain strength now with less demand. Owners will sit and wait it out I believe. Stop trading their cars on a bi-yearly basis and maybe even start driving them. That is what they were made for isn't it?

[PogueMoHone]

^
I'm hearing the current wholesale "bid" on a Scud is around $220-230K so that is more than 25%, if someone paid $100K.

[h20skier]

Originally Posted by PogueMoHone

^
I'm hearing the current wholesale "bid" on a Scud is around $220-230K so that is more than 25%, if someone paid $100K.

I think that's because all the dealers were forced to take 1 or 2 cars from the factory so there are new ones sitting. That also doesn't mean they won't ask 50k more. They have to buy low and know they will sit for a while so I believe they are offering less to stop the influx of cars onto the market. I know I would if I owned a dealership. Where this market gets scarier is if the owners start dumping them at that rate because they bit off more than they can chew in a bad economy. That's what scares me most. No different than guys walking away from them and leaving them to the banks ( like houses ) and the banks will then dump them for .75cents on the dollar. Lots of scenerios. My favorite is people hold their cars. Drive their cars and less cars for sale creates that demand required to stabilize the market.

We both agree I believe that cars have been hammered over the last 18 months and that's why I picked up a few at low prices. I'm guessing the weak dollar will help with off shore demand soon and in the end that will help our market when even more of these cars are exported.

[That Guy]

Originally Posted by PogueMoHone

Having watched the CGT since pre-inception it is also interesting to see how the opinion of the car is "swelling". Some people are beginning to realize they missed out, I was surprised this week by a big name Porsche legend who told me, this week, he lusted after the car and intended to get one...and also surprised that he didn't own one.

I think part of what is adding to the legend is that there is no replacement on the horizon, and the fundamental value of the car is shining through. Good luck in the search, it is a work of art in more ways than one. It is a significant automotive statement for its generation.

Agreed. I am fortunate enough to drive several examples of this magnificent car on a fairly regular basis (unfortunately usually in test-drive fashion), as well as been part of a complete tear-down/mechanical restoration of one; I firmly believe it is the car version of the SR71 Blackbird, truly ahead of its time.

Even at MSRP I can't help feeling that the CGT is the bargain of the supercar world, its closest full carbon tub competitor being the Enzo/FXX @ roughly triple the price. Even the ridiculously-priced Zondas, K/egg's, etc. use metal framework of some sort, not to mention outsourced and/or unproven powertrains.

At the rate people seem to be wrecking them worldwide, I just hope there are still some decent examples to me to choose from when it's my time to buy my own...

[Polar Peter]

Thanks for all the input. Thankfully I bought my Scud at list price so that takes a bit of pain away... But to be honest this will be the first F-car that I've owned which I could not break even on after 18 months so I'm not complaining, things don't last forever.

I've seen a few sub 2,000 mile 05 cars in the 330-340K range and the best offer I have recieved on the Scud was 220. Trying to find one with at least 4 weeks warranty remaining, the period will alow me to drive it 1,500 miles and get any remaining issuses worked out.

Sweet memory- I bought my yellow 04 C-GT back in the day for 369k with 265 miles on it.... that was a good deal back then.

[richk]

Paid 316k for my scud...25k over sticker! Just sold it with 4400 miles for 228k. Cost me over 100k with sales tax to own the car for a year. It was worth it...

The CGT prices seem to be coming down. I should have never sold mine and I may be following your lead Polar Peter!

[PogueMoHone]

^

I think they are rising!

[richk]

I bought my blk/blk 05 with 1100 miles for 419k about 18 months ago. I was just offered a blk/blk 05 with 3k for 350k. The luxury car market is a buyers market for sure and the CGT has held its value very well. In this current economic climate there are less and less buyers and more sellers. If you have cash its a great time to be buying cars.

[spg993tt]

i had a scud. other than my 996 GT2, easily the quickest 45, 50grand lost in a blink. thing isnt anywhere near the prowess of a CGT.
CGTs are 260 to 360. good CGTs, regardless of year or miles (as long as they are under 5, 6k), if they have a good clutch, perfect tub, well maintained are trading 320, ish.

i have two buddies that just themselves bought CGTs in the last 4weeks. one was from virginia, silver , 5k miles or so. nice nice car. great clutch. just under mid 3s. so, theyarent cheap, but they arent in that 400 range they were at 14 months ago.

mainly, they could be the sicked thing on 4 wheels. it could literally be one of the last great supercars, what with all the epa and other regulations pinching on manufacturers.
and its a 6speed!!!

Originally Posted by Polar Peter

Thanks for all the input. Thankfully I bought my Scud at list price so that takes a bit of pain away... But to be honest this will be the first F-car that I've owned which I could not break even on after 18 months so I'm not complaining, things don't last forever.

I've seen a few sub 2,000 mile 05 cars in the 330-340K range and the best offer I have recieved on the Scud was 220. Trying to find one with at least 4 weeks warranty remaining, the period will alow me to drive it 1,500 miles and get any remaining issuses worked out.

Sweet memory- I bought my yellow 04 C-GT back in the day for 369k with 265 miles on it.... that was a good deal back then.