CGT Prices
08-01-2015, 11:08 AM
#1591
Drifting
No I sold mine. I don't think I am undervaluing the car I think I am just doing math, its not all that complicated. The motor cars international car which several people point out they were asking 750k last week seems like a fairly low mile and very nice example. Last time I checked the business of a car dealer was to buy at price A, sell at price B. Typically price B is higher than Price A, hence the term car dealer , they try and make money, a spread if you would. So if they are asking 750k or looking for an offer close then they likely bought the car for less than that. Margins that dealers try and make very dealer to dealer but lets say maybe around 10% is average that dealer attempt to make ? (use your own assumption here but on avg I would think 10% is not far off). So asking 750 trying to make lose to 10% would mean they bought it around upper 600's. So if this math is accurate we would have a fairly low mile car trading both in the upper 600's (wholesale when this dealer bought it) and then again lower to mid 700's retail price when he sold it.
When I say typical market 550-750... my 550 is referring to wholesale for a high mile car. maybe I am off 25-50k someplace but I don't think I am far off.
Sure there are lots of cars asking 800-900k+ but none selling. As many are selling for 900k as there as as many being bought at 400k. Plenty of bids at 400k as well but none transacting.
Just being realistic here with the market, nothing more. And I think these results are very strong and owners should be happy as this market is quite a jump from one year ago today, very nice to see especially when most part of the p car world have cooled off dramatically Took me a full year to sell my 959 and some other special cars I had been trying to sell. Asking price on EBAY does not make a market, check writers make a market.
When I say typical market 550-750... my 550 is referring to wholesale for a high mile car. maybe I am off 25-50k someplace but I don't think I am far off.
Sure there are lots of cars asking 800-900k+ but none selling. As many are selling for 900k as there as as many being bought at 400k. Plenty of bids at 400k as well but none transacting.
Just being realistic here with the market, nothing more. And I think these results are very strong and owners should be happy as this market is quite a jump from one year ago today, very nice to see especially when most part of the p car world have cooled off dramatically Took me a full year to sell my 959 and some other special cars I had been trying to sell. Asking price on EBAY does not make a market, check writers make a market.
959 CGT - there are more buyers than sellers as you stated lots of offers but few sales.
Send 400k cars my way - give you 5% on top of that plenty of blank checks available for signature.
DESMO was offered just shy of 1M some time ago that is more reflective than your assertions - it's been listed on e-bay and again it's another seller that won't take less.
E-bay may be asking but they all seem to be within 10 - 15% of a sale vs at a discount rate you assert over and over and it's just not true.
Feel free to call CNC - ask 250k off let me know how that goes.
Last edited by nuvolari612; 08-01-2015 at 01:43 PM.
08-01-2015, 11:56 PM
#1593
Rennlist Member
I believe the market will finally settle or correct once the holding cost becomes too expensive. This will happen when interest rates start moving up, stock market has significant reduction, or some other major event. It's not just the CGT market, alot of Ferrari's, Lambo's, other Porsches have seen rapid increases in a short amount of time.
08-02-2015, 08:35 AM
#1594
08-02-2015, 09:38 AM
#1595
Drifting
Could care less how many cars you own - you made a comment that stated I post high prices and simply asked to point that out vs childish quips and emoticons.
There are guys here asking 800 - 1.2 feel free to ask them to drop their car in 1/2.
You posted that you were in touch with Elite which made me believe you were buying vs wasting sellers time.
Regardless good luck with the sale!
08-02-2015, 11:40 AM
#1599
Oh boy. As we say in Texas....this is turning into a real "Di€k swinging contest".
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08-02-2015, 11:51 AM
#1600
08-02-2015, 03:34 PM
#1601
Addict
Rennlist Member
Rennlist Member
08-02-2015, 05:51 PM
#1602
I have 7m of CRE also....7 meters of cattle recyclable excrement. 
08-02-2015, 10:50 PM
#1604
I'm a UT guy also, not undergrad but med school in Dallas
Lots of good info in this thread.
It's human nature that if you have a tangible asset (ie a CGT), you hope it goes up in value.
If you are trying to acquire that asset, you naturally hope for a lower price point.
Hard to tell where cars are actually transacting price wise. Private sales stay private. Not many real data points.
Dealers are holding the inventory with cars moving between them. They probably swap them at wholesale, each guy trying to hit a home run thinking his market is the hot spot.
BTW, I drove my car yesterday and as usual it was a blast. I have to pinch myself and feel lucky to have one.
Lots of good info in this thread.
It's human nature that if you have a tangible asset (ie a CGT), you hope it goes up in value.
If you are trying to acquire that asset, you naturally hope for a lower price point.
Hard to tell where cars are actually transacting price wise. Private sales stay private. Not many real data points.
Dealers are holding the inventory with cars moving between them. They probably swap them at wholesale, each guy trying to hit a home run thinking his market is the hot spot.
BTW, I drove my car yesterday and as usual it was a blast. I have to pinch myself and feel lucky to have one.
08-02-2015, 11:58 PM
#1605
Drifting
I'm a UT guy also, not undergrad but med school in Dallas
Lots of good info in this thread.
It's human nature that if you have a tangible asset (ie a CGT), you hope it goes up in value.
If you are trying to acquire that asset, you naturally hope for a lower price point.
Hard to tell where cars are actually transacting price wise. Private sales stay private. Not many real data points.
Dealers are holding the inventory with cars moving between them. They probably swap them at wholesale, each guy trying to hit a home run thinking his market is the hot spot.
BTW, I drove my car yesterday and as usual it was a blast. I have to pinch myself and feel lucky to have one.
Lots of good info in this thread.
It's human nature that if you have a tangible asset (ie a CGT), you hope it goes up in value.
If you are trying to acquire that asset, you naturally hope for a lower price point.
Hard to tell where cars are actually transacting price wise. Private sales stay private. Not many real data points.
Dealers are holding the inventory with cars moving between them. They probably swap them at wholesale, each guy trying to hit a home run thinking his market is the hot spot.
BTW, I drove my car yesterday and as usual it was a blast. I have to pinch myself and feel lucky to have one.
Dell was trying to raise cash senior year - friends bought into his silly idea of selling computers and turning inventory before prices went down.
Really who starts a computer company at Dolby dorm.
Still have a large group of friends in your area ... fun city will be at Texas Motor Speedway with Lambo in late October.