7GT2 available for $155K with 2K miles!
04-03-2009, 01:34 PM
#16
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I don't agree with you on this. If a willing seller sets a price too low, most likely they will find a buyer, but that doesn't represent the market value.
When I placed my RS for sale, I did it under market value, because I wanted to move it quick, I don't like selling a car for more than a few days. I had 26 people interested and 4 ready to buy buyers, actually I had to make a hard decision on who was going to get the car, and I'm very satisfied with that decision.
I spoke to the Lamborghini dealer yesterday about this GT2. They had 4 people on a waiting list with credit card numbers for a $5,000 deposit, so if the first person deal didn't go through, they could go down the list. They were preparing the car for shipping yesterday to the first buyer. The other three buyers lost the opportunity, I think I could have bought it if no buyers were committed when I called, it was a steal.
I've been doing my study for a month now, and have a clear idea for the market on used/new 08s and new 09s.
This is the market. New 09s $10k under, new 08s $20k under, used 08s $40k under. Sellers looking for more are not selling their GT2, and sellers at or below these levels are moving their cars.
When I placed my RS for sale, I did it under market value, because I wanted to move it quick, I don't like selling a car for more than a few days. I had 26 people interested and 4 ready to buy buyers, actually I had to make a hard decision on who was going to get the car, and I'm very satisfied with that decision.
I spoke to the Lamborghini dealer yesterday about this GT2. They had 4 people on a waiting list with credit card numbers for a $5,000 deposit, so if the first person deal didn't go through, they could go down the list. They were preparing the car for shipping yesterday to the first buyer. The other three buyers lost the opportunity, I think I could have bought it if no buyers were committed when I called, it was a steal.
I've been doing my study for a month now, and have a clear idea for the market on used/new 08s and new 09s.
This is the market. New 09s $10k under, new 08s $20k under, used 08s $40k under. Sellers looking for more are not selling their GT2, and sellers at or below these levels are moving their cars.
04-03-2009, 07:11 PM
#17
[QUOTE=NJ-GT;6448705]I don't agree with you on this. If a willing seller sets a price too low, most likely they will find a buyer, but that doesn't represent the market value.
Have you seen the latest interpretation of mark-to-market valuation?.....
Have you seen the latest interpretation of mark-to-market valuation?.....
04-03-2009, 08:02 PM
#18
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04-03-2009, 10:39 PM
#19
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Hmm, the link quit working too. What a great time to buy!
I just picked up an 08 335i for a driver and the price was "oh so sweet".
On the other hand, I would hate to have to sell the GT3 right now, that would be ugly.
Good thing it is a track car.
D.
I just picked up an 08 335i for a driver and the price was "oh so sweet".
On the other hand, I would hate to have to sell the GT3 right now, that would be ugly.
Good thing it is a track car.
D.
04-04-2009, 10:47 AM
#20
Rennlist Member
I don’t really think $155K on a 2K+ mile car is the kind of deal I would instantly jump on without thought. If things really tank with the economy - - as I feel they will - - then the delivery miles cars will be selling for that.
We are in very difficult and turbulent times and I don't believe any of the optimism the media regurgitates on us. The economy is in dire straits with little hope of improving anytime soon and I personally feel things will get a lot worse before they get better. ( just my humble opinion)
I was keyed up to buy a 2008 997 GT2 several months ago at this sort of price level, but not as much anymore.
We are in very difficult and turbulent times and I don't believe any of the optimism the media regurgitates on us. The economy is in dire straits with little hope of improving anytime soon and I personally feel things will get a lot worse before they get better. ( just my humble opinion)
I was keyed up to buy a 2008 997 GT2 several months ago at this sort of price level, but not as much anymore.
04-04-2009, 10:28 PM
#22
Rennlist Member
I don’t really think $155K on a 2K+ mile car is the kind of deal I would instantly jump on without thought. If things really tank with the economy - - as I feel they will - - then the delivery miles cars will be selling for that.
We are in very difficult and turbulent times and I don't believe any of the optimism the media regurgitates on us. The economy is in dire straits with little hope of improving anytime soon and I personally feel things will get a lot worse before they get better. ( just my humble opinion)
I was keyed up to buy a 2008 997 GT2 several months ago at this sort of price level, but not as much anymore.
We are in very difficult and turbulent times and I don't believe any of the optimism the media regurgitates on us. The economy is in dire straits with little hope of improving anytime soon and I personally feel things will get a lot worse before they get better. ( just my humble opinion)
I was keyed up to buy a 2008 997 GT2 several months ago at this sort of price level, but not as much anymore.
I don't get this view on cars you are supposed to own to drive. It only makes sense to "mark to market" the cars you own if you are in the business of permanently trading or flipping your cars.
If you buy to use for 2-3 years missing "the bottom" for $10-$20K on a $200K is pointless as it is a moderate 1.5% ($3K) extra yearly depreciation expense per year over 3 years (on a $200K car!!!).
Its almost the same as buying value stocks for the long run... you can almost always make an argument for sitting on the sidelines and never investing...
