superquant

It could be a fine investment if it increases 15% per year and has lower volatility than the s&p. some prefer investments that are slower and steadier than stocks ...

I don't actually know the history of pricing, that would be interesting to plot month by month against the SP

Plastique999

Are you serious?
How many miles were on the 05 selling for $600k?
I've only seen very low miles sell for close to $500k but haven't seen any asking for over $500k

JS

700 miles
The car sold very quick.

XR4Tim

Marshall Goldman's had a 758 mile '05 CGT for $469k for quite a while now.
http://inventory.mgmsl.com/web/used/...Ohio/10647235/

JS

They sold it.

XR4Tim

Had to have been recently. They had it on eBay a couple of weeks ago.

JS

Correct.

W. MITTY

I called on it last week and it was sold to a buyer in Houston, Texas. Price was not divulged.

Jamie140

445.

JS

They sold it for $448K

smokeygt

I've noticed some car's prices rising as others languish unsellable. Are the higher mileage cars really worth that much less?
Having been through the late 80's runup of car prices, I am getting that old feeling again. The prices skyrocketed, then almost overnight, took a nose dive.
It just seems silly that a car with 15000 miles is worn out to some and they wont even consider buying it. Whereas they will pay big bucks for a low mileage non "worn out" car that they wont drive.
It's those buyers that will be the first to bail.
Musical chairs all over again.

XR4Tim

I don't think that the "higher mileage" CGTs are worthless or worn out. I think that most people looking for a CGT (or really any car in that price range) tend to want the best they can find, so adding another 10-20% to the price of an already $400k car, is no big deal if they're getting one that's perfect.

smokeygt

I dont think they are worn out either, but all the news now, is about the prices of low mileage cars. If they are actual sales to end users and not dealer hype, (as happened in the late 80's), then to me, it is irrational to put that much more value on a lower mileage car. There are at least 2 cars that I know of with mileage over 15000 miles that haven't sold, and they are priced in the low 300's.
Then we hear of cars that have sold for 500k and more?
200k difference.
Buy a 15000 mile CGT and a Ford GT for the same price as one lower mileage CGT. Seems like a better deal to me. But that's me, as I'll never be able to justify a 200k premium for 14000 less miles. My savings come too hard fought for that much "perfection".

E-Man

15,000 miles is nothing for this car. It is so well built and over engineered. It's a Porsche and it loves miles. Mine only has 14,000 and runs stronger than ever and when you look at it closely, the interior shows like a 2,500 mile example. The seats don't wrinkle or wear like some of the earlier 911's I've seen from the late nineties or early 2000's. It's such a quality build that if you take reasonable care, it holds up extraordinarily well.

DanielJ

Care to let us know where the higher mileage CGT's are located? Please send my a PM if needed.

Thanks.

DJ