Johns930

went thru some value threads and everyone is saying the cgt is worth atleast $500+K now???!!
OMG!! back in the garage mine goes and never gets driven!
I got mine in the states for less than $400k i think 5 years ago, never thought this thing will go up in value, but if all ur sayings are true, im gonna bubble wrap it and save it for my son
I love mine!

Porsche-Suchtig

I think it's a grade A collector car. Whether it will return more than investing in other assets remains to be seen. But it should appreciate nicely over time, IMO.

But there are problems with car collecting for profit.

1. If markets in general tank and you need cash, it's a lot harder to sell than a paper asset (or basket of paper assets).

2. If you drive it, it looses value. If you don't drive it, mechanical parts stop working like they are supposed to. (I think this means drive it just enough to strike a balance.)

3. The carrying costs are pretty steep: insurance, storage, maintenance.

4. Most grade A collector cars are expensive to fix, parts get harder to find over time, and the number of qualified mechanics is relatively low. That means maintenance cost is high.

5. High maintenance costs attracts con men to the maintenance part of the industry. Count on people screwing you now and then.

FLGT

Very nicely put, GT3 Racer. Thanks

Johns930

I think I can attest ur point number 2 and the high maintenance costs .
My cracked coils proved that even with under 10kmiles these things can fail, but luckily most Porsches from the gt to cayenne use the same coil as well as other electric and hard parts.
Fingers crossed for the next 10 years.

LA Brit

Drive it and don't worry about the value...

Polar Peter

Exactly!! The joy of driving it clearly out ways looking at in in the garage as an investment. Can't understand that mindset at all

Johns930

i dont worry about the value, but this is the only car i have that appreciates, have many other easier to drive faster cars that i can jump in and go with far less service costs, so it sits in the garage more.

LA Brit

There will always be easier and faster cars to drive - that's not what the CGT is about; it's about the driving interaction and experience.

Johns930

U making me feel so guilty.

LA Brit

Good!

MikeGT

Could be worse...try a boat.
I drive my CGT whenever I can... I'll be happy if I break even over a decade. Can't think of any other exotics at this caliber where one can break even.

Porsche-Suchtig

Hopefully you guys will come to my defense when I put "too many" miles on my 918. I've never been very good at keeping fast cars in the garage and just looking at them.