W8MM

That would be in nominal Dollars, not accounting for the time value of money

mtbscott

I stand corrected, I've been hearing my above rumor so long I accepted it as gospel. I do suspect there's some truth to around 30 of the original US cars going back to the continent after failing to sell new here.

cgt04115

7% compounded annually over 10 years doubles your money. 7% is great. If you can get into a CGT perfect maintenance just completed and zoup to nuts taxes ect at 450K whos not to say that the car isnt worth 850-950k in another 10 years? Storage, oil, tires should do it JUST fine over the years. Figure 20k-25k tops in maintenance over ten years if you dont beat on it and another 10k+ in insurance. So if you spend 500k on the car over 10 years and it gets to 900k then that's like 6% compounded over the term of ownership, not terrible. Heck its hard to buy A rated corporate debt with those yields......... At least I know how to manage a car while your betting some third party doesn't ruin a company you invest in. Diversity is also important. Thats how I look at it, I believe these will be considered one of the greatest automobile achievements ever. The company is in the same company as F50 and Mclaren F1's. Good thing they made 1200 CGT's but that wont keep prices down forever. Look at how many Benz SL gullwings and roadsters there are. And they hold in the $1.5m and you can find one any day of the week in perfect condition. I consider the CGT the next 300SL.

Just a descent place to put a few bucks and have fun, a blue chip car. CGT's are still cheaper in the USA than everywhere else on planet earth. Just a thought.....

I will just keep mine as perfect as possible and enjoy it probably for more than ten years. They are just awesome to have around.

niche

If I could afford one, I would've already bought one. Under-priced imo.

Stephen Pitts

Yeah, no worries -- I think a right hand drive version may have driven up prices more because the UK market is a pretty rich car buyer's market. I have driven LHD in the UK and it's okay, but not ideal. The BMW Z8 is also only LHD.

Jamie140

The time value of money for me is negative. I could write a book "How and When NOT to invest"

cgt04115

CGT

Ill snap a shot of my rear window and the blue tint. I also think its lexan and not glass.

E-Man

Sorry to get off topic..Did you buy another 16M? I've been thinking of getting another, it would be my third. Talk about the negative time value of money..

Jamie140

Yup.

tcsracing1

how is the market on the 16m these days? holding strong or depreciated to the point of good deals?

maomao911

^230k ish, was just looking, a better deal than a 200k 997 speedster for sure.

Jamie140

Unless it's white. Those seem to be outrageously priced.

nuvolari612

What keeps prices down vs up is simply collector CGT's vs driver CGT's.

Collectors hit 500k at dealers but let's not forget the Yellow with 1500 or so miles that went for 430k regardless daily drivers can be bought in the very low 3's.

E-bay had a 7,000 mile fresh service 365 and currently a good CGT with 24k miles is 349 asking and that's at a Porsche dealer so the owner may net 300k.

200k difference means if you drive a a CGT there is a lot of downside.

300SL restorations can run very large in terms of dollars.

As far as the 16M - values are 225 - 275 depending on miles and extra's

My 16M / Eric's old 16M had a list 0f 356k Grigio Ferro some were even higher.

Anyway the 16M and CGT for me - represent the two best worlds of driver interactions. My 360C race car is for when things get serious but for the spirited weekend drivers the CGT / 16M is a very nice combo.

nuvolari612

Depends on miles luggage condition.

A 1700 mile clean one with a list of 345 recently sold for 290k.

cgt04115

Yeah the CGT's with low Mileage go for much more, but that ruins the fun.

7k miles on a car really is brand new still. Its porsche engineering. This car was made to do 100K miles no problems. I dont get all the fuss if the car is complete srvice is done and luggage is all there.

But point being, in another decade the miles thing will matter less and less. Just to have a car will be the priority in my view.

The reason why they should be valuable is the way they drive. So why buy one if your not?? Please let someone else have a go and dont bother is what I have to say to them.

Its like marrying a sexually charged supermodel and not laying into her ever. Well good job dude.