CGT Prices
10-01-2016, 05:30 PM
#2176
Racer
Anyone with a brain can see the 911's are in a bubble so I will give you that. Its not new news at all my man and it underscores EXACTLY why a CGT is not in that category of a bubble valuation.
Moving on, values aside, your now talking thirst for yeild!!?!?!?!
Last time I checked, my car didnt spit change out its *** while I was driving. If you want to talk about rates and yields cars are not analogous, at all. No one looking to buy something with yield turns to a freaking car dude. It may correlate on the basis of risk appetite for some but not most at this level, and certainly not a substitute for yield. The value of money goes down over time thats a fact, hard assets over time do well if its the right asset.
These dudes are rich. Its a toy and they would rather have a portion of their assets in a "store of value" thats tactile, and portable. Its not about the car continuing to appreciate at those levels. Some cars a true collectibles others get bid up like stupid 911 variants in a run up.
What collectible cars do you currently have?
Moving on, values aside, your now talking thirst for yeild!!?!?!?!
Last time I checked, my car didnt spit change out its *** while I was driving. If you want to talk about rates and yields cars are not analogous, at all. No one looking to buy something with yield turns to a freaking car dude. It may correlate on the basis of risk appetite for some but not most at this level, and certainly not a substitute for yield. The value of money goes down over time thats a fact, hard assets over time do well if its the right asset.
These dudes are rich. Its a toy and they would rather have a portion of their assets in a "store of value" thats tactile, and portable. Its not about the car continuing to appreciate at those levels. Some cars a true collectibles others get bid up like stupid 911 variants in a run up.
What collectible cars do you currently have?
10-04-2016, 06:24 AM
#2178
Platinum Dealership
Rennlist
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I love when we get into managed micro-Econ discussions in regards to CGT.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
10-05-2016, 12:20 AM
#2179
I love when we get into managed micro-Econ discussions in regards to CGT.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
God bless!
10-05-2016, 02:47 AM
#2180
Burning Brakes
Any one that does not understand that the prices of cars are ultimately 100% manipulated by the collective dealer market - who represent the house in this game - should never be speculating in the market.
The house wins or loses but there is always another car ... this is not the case for "collectors" or other speculators.
So buy it to own it .. or stay out of it.
The house wins or loses but there is always another car ... this is not the case for "collectors" or other speculators.
So buy it to own it .. or stay out of it.
10-05-2016, 08:23 AM
#2181
I love when we get into managed micro-Econ discussions in regards to CGT.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
10-05-2016, 10:04 PM
#2182
10-05-2016, 10:26 PM
#2183
Drifting
I love when we get into managed micro-Econ discussions in regards to CGT.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
"Investing" in cars basically means you are targeting a future price as an alternative investment. The only benefit of that is if you are willing to sell them eventually.
If you really want a yield or to make money in the car industry you have to be a dealer, not a collector. Collecting truly rare and special cars means you have to beat a lot of people to the punch, restore incredibly unique and special cars, and maintain them. The investment can be so high that it marginalizes your ROI.
ALTERNATIVELY- you can just make money working, and buy really cool cars, enjoy them, and then sell when you run out of space or can 1031 exchange into something better. And be happy and not troll Rennlist.
This thread is very informative for both buyers / sellers nice to see that value retained.
10-10-2016, 08:26 PM
#2184
Intermediate
Join Date: Jun 2015
Posts: 29
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Well, it looks as if everyone is enjoying themselves. Off topic, does anyone know what color this CGT is? It appears to be the Pure orange car but I am not sure.
Also could be Rosso Scuderia, the painted spokes look to be a deep red.
Also could be Rosso Scuderia, the painted spokes look to be a deep red.
10-10-2016, 08:31 PM
#2185
Rennlist Member
Hard to tell from the pics but I think it's the Rosso Scuderia one. There is an orange one but I don't believe it had any paint on the wheels.
10-10-2016, 08:36 PM
#2186
Burning Brakes
10-10-2016, 09:46 PM
#2187
Burning Brakes
Rosso Scuderia. 1 of 1. It was for sale a few times in the past 3 years. I was offered the car in Jan 2014 asking $545,000. I think it had something like $70,000 in extras on it.
10-10-2016, 09:59 PM
#2188
Intermediate
Join Date: Jun 2015
Posts: 29
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Thank you. I am compiling a PTS CGT list on VINwiki for those of you interested. So far I have W8MM's Signal yellow car, the Rosso Scuderia CG listed above, and the Arancio Borealis CGT.
10-11-2016, 10:58 PM
#2189
Drifting
This goes back to when I was offered on 3/29/14 at 650k
2005 Carrera GT in color to sample Ferrari Scuderia Red with a black interior 412 miles
OPTIONS
color to sample
carbon fiber steering wheel
carbon fiber shift ****
aluminum speakers
Scuderia Red painted wheels
silver calipers
One of the newest CGT's only one this color.
2005
2005 Carrera GT
.00
TOPCLR
98
Exterior Paint to Sample Non-Metallic
.00
INTERI
DZ
Black Carpeting
.00
OPTION
386
Bucket Seat
.00
OPTION
387
Bucket Seat
.00
OPTION
501
Full Body Cover
.00
OPTION
572
Adjustable Temperature Control
.00
OPTION
579
Luggage Set Dark Grey
.00
OPTION
690
HD Radio® Receiver
.00
OPTION
2426
Paint to Sample Carrera GT
.00
OPTION
2427
Carrera GT Custom Tailoring
.00
OPTION
GAC
production.
.00
OPTION
GAG
finished in Carbon Fiber.
.00
OPTION
GBA
choosing option Z2500.
.00
OPTION
GBX
Brake Caliper Coated in Silver
.00
OPTION
GCB
Wheels Painted in Ext. Color
.00
BDYCLR
98
Exterior Paint to Sample Non-M
.00
2005 Carrera GT in color to sample Ferrari Scuderia Red with a black interior 412 miles
OPTIONS
color to sample
carbon fiber steering wheel
carbon fiber shift ****
aluminum speakers
Scuderia Red painted wheels
silver calipers
One of the newest CGT's only one this color.
2005
2005 Carrera GT
.00
TOPCLR
98
Exterior Paint to Sample Non-Metallic
.00
INTERI
DZ
Black Carpeting
.00
OPTION
386
Bucket Seat
.00
OPTION
387
Bucket Seat
.00
OPTION
501
Full Body Cover
.00
OPTION
572
Adjustable Temperature Control
.00
OPTION
579
Luggage Set Dark Grey
.00
OPTION
690
HD Radio® Receiver
.00
OPTION
2426
Paint to Sample Carrera GT
.00
OPTION
2427
Carrera GT Custom Tailoring
.00
OPTION
GAC
production.
.00
OPTION
GAG
finished in Carbon Fiber.
.00
OPTION
GBA
choosing option Z2500.
.00
OPTION
GBX
Brake Caliper Coated in Silver
.00
OPTION
GCB
Wheels Painted in Ext. Color
.00
BDYCLR
98
Exterior Paint to Sample Non-M
.00
10-12-2016, 12:02 AM
#2190
Race Director
$2500 for that paint... Back when paint to sample on Porsche's hypercar didn't start at $60k and go up from there like on 918. Porsche has gotten smart.. they realize wealth in the world has exploded and the sense of value in things has completely evaporated.