Notices
Porsche Supercars Carrera GT, 918,960
Sponsored by:
Sponsored by:

CGT coming up for sale

Old 03-13-2016, 12:50 PM
  #31  
nuvolari612
Drifting
 
nuvolari612's Avatar
 
Join Date: Sep 2010
Location: midwest
Posts: 2,275
Received 127 Likes on 84 Posts
Default

Originally Posted by rickyn f355
so much car. hard for me to understand how these cgts trade lower than an equivalent condition/mile 599 gto.
It is odd especially when you look at it's real competitor the Enzo.
Old 03-13-2016, 01:49 PM
  #32  
CAlexio
Race Director
 
CAlexio's Avatar
 
Join Date: May 2013
Location: Hypercar Invitational
Posts: 10,232
Received 1,963 Likes on 915 Posts
Default

this car, is the closest I can think of to next-generation McLaren F1. If i had the money, I would purchase and hold and put my kids through college with the sale proceeds. at $700k this is one of the few bargains.
Old 03-13-2016, 03:43 PM
  #33  
C.J. Ichiban
Platinum Dealership
Rennlist
Site Sponsor

 
C.J. Ichiban's Avatar
 
Join Date: Sep 2005
Location: Exit Row seats
Posts: 9,738
Received 1,952 Likes on 555 Posts
Default

Originally Posted by CAlexio
this car, is the closest I can think of to next-generation McLaren F1. If i had the money, I would purchase and hold and put my kids through college with the sale proceeds. at $700k this is one of the few bargains.
I agree. But the amount of cars for sale at the same time is what hurts the sale prices. Also the canadian dollar and euro being in the toilet doesn't do auctions any favors.

When the euro is 1.30+ to the dollar nothing fantastic stays for sale here stateside for long.
Old 03-13-2016, 10:44 PM
  #34  
jvmax
Rennlist Member
 
jvmax's Avatar
 
Join Date: Apr 2007
Location: orlando, fl
Posts: 1,221
Likes: 0
Received 73 Likes on 32 Posts
Default

Originally Posted by NYC123
a nice 1100 mile silver CGT sold at RM hammered at 645
looks like the market was just set with this one, even had fresh clutch
Old 03-14-2016, 01:22 AM
  #35  
dasams
Rennlist Member
 
dasams's Avatar
 
Join Date: Feb 2005
Location: Coachella Valley
Posts: 2,215
Received 369 Likes on 259 Posts
Default

Originally Posted by SBR
My guess is that there was no money in the room.
big hat - no cattle?
Old 03-14-2016, 08:54 AM
  #36  
tmario
Rennlist Member
 
tmario's Avatar
 
Join Date: Sep 2003
Location: Long island, NY
Posts: 259
Likes: 0
Received 2 Likes on 2 Posts
Default

Originally Posted by rickyn f355
so much car. hard for me to understand how these cgts trade lower than an equivalent condition/mile 599 gto.
Had them at the same time. Last summer I was looking to sell one and ended up selling the GTO. I was somewhat indifferent as to which I would sell in the 650-700 range. I chose the GTO because I had already tracked it and enjoyed the car for almost 4000 miles. While not the case with the CGT.

GTO has better sound and more limited numbers and is a lot easier to live with - clearance, no clutch learning curve, ease getting in and out (unfortunately an issue as I get a little older )

CGT is more unique and has the manual (so both a plus and minus)

The F40 is a better comparison to the CGT IMHO, both are wild in appearance and driveability, expensive to maintain, nowhere close to DD status, similar numbers. Enzo has always traded higher than f40 for similar reasons to my comparison above.

Also, the CGT has to deal with the Ferrari marque premium.

All in all, the CGT values will be fine and supported as a special unique vehicle and should appreciate nicely over time.


It was cool to have them both for a time!
Attached Images  
Old 03-14-2016, 01:51 PM
  #37  
cgt04115
Racer
 
cgt04115's Avatar
 
Join Date: Apr 2010
Posts: 288
Received 29 Likes on 20 Posts
Default

Originally Posted by jvmax
looks like the market was just set with this one, even had fresh clutch
Add in the premium of 7% for an all in number of $690k. Not terrible considering there are so many cars for sale at the moment.
Old 03-14-2016, 02:01 PM
  #38  
rickyn f355
Instructor
 
rickyn f355's Avatar
 
Join Date: Oct 2007
Posts: 129
Likes: 0
Received 7 Likes on 5 Posts
Default

Originally Posted by cgt04115
Add in the premium of 7% for an all in number of $690k. Not terrible considering there are so many cars for sale at the moment.
at 700k and under these cars are keepers...what else can you buy that even comes close.
Old 03-14-2016, 02:59 PM
  #39  
jvmax
Rennlist Member
 
jvmax's Avatar
 
Join Date: Apr 2007
Location: orlando, fl
Posts: 1,221
Likes: 0
Received 73 Likes on 32 Posts
Default

Originally Posted by cgt04115
Add in the premium of 7% for an all in number of $690k. Not terrible considering there are so many cars for sale at the moment.
rm is 10%, so all in price was $715k for the buyer. on the flip side $585k was the seller net. If anyone on here wants to unload their low mile CGT, I am a private buyer / collector in the mid $600's - no need to give our money to an auction house.
Old 03-14-2016, 08:46 PM
  #40  
cgt04115
Racer
 
cgt04115's Avatar
 
Join Date: Apr 2010
Posts: 288
Received 29 Likes on 20 Posts
Default

Originally Posted by jvmax
rm is 10%, so all in price was $715k for the buyer. on the flip side $585k was the seller net. If anyone on here wants to unload their low mile CGT, I am a private buyer / collector in the mid $600's - no need to give our money to an auction house.
I just dont get it really. There is no reason to ever go to an auction house.

Lots of cars for sale at the moment tho no doubt. Deals abound.
Old 03-14-2016, 09:40 PM
  #41  
Nis1973
Intermediate
 
Nis1973's Avatar
 
Join Date: Oct 2013
Posts: 31
Received 3 Likes on 2 Posts
Default

Great car! I almost bought one in early 2014 and when the deal fell apart I got so upset I stopped paying attention to the market. How high did they get? Late 2013 they were 350-400. Early 2014 they moved to 400-450 and then exploded...
Old 03-14-2016, 11:14 PM
  #42  
nuvolari612
Drifting
 
nuvolari612's Avatar
 
Join Date: Sep 2010
Location: midwest
Posts: 2,275
Received 127 Likes on 84 Posts
Default

Originally Posted by jvmax
rm is 10%, so all in price was $715k for the buyer. on the flip side $585k was the seller net. If anyone on here wants to unload their low mile CGT, I am a private buyer / collector in the mid $600's - no need to give our money to an auction house.
Agree - hope you find one fast.

STL Motors has one buddy traded it for a Aventador Pirelli Edition wish I would have known you were that serious.

Ferrari of Houston 25k miles - 550k

Last edited by nuvolari612; 03-14-2016 at 11:46 PM.
Old 03-15-2016, 03:21 AM
  #43  
CAlexio
Race Director
 
CAlexio's Avatar
 
Join Date: May 2013
Location: Hypercar Invitational
Posts: 10,232
Received 1,963 Likes on 915 Posts
Default

Originally Posted by nuvolari612
Agree - hope you find one fast.

STL Motors has one buddy traded it for a Aventador Pirelli Edition wish I would have known you were that serious.

Ferrari of Houston 25k miles - 550k
He sold a GT for an aventador??? Maybe I'm putting that car on a pedestal it doesn't deserve but that makes no sense to me
Old 03-15-2016, 04:30 PM
  #44  
Stephen Pitts
Racer
 
Stephen Pitts's Avatar
 
Join Date: Apr 2013
Location: Zug, Switzerland
Posts: 282
Likes: 0
Received 0 Likes on 0 Posts
Default

I completely agree with the statements here about the uniqueness of the CGT; listening to so much of the good stuff Porsche is producing today that is focused on the "Driver's emotional response," I compare each new car to the CGT. The hugely desired Cayman GT4 is a like a little brother to the CGT; listen to the EVO interview of the new 911R and you can turn almost all of those statements on the Spinal Tap dial to "11" for the CGT (all except the rear wheel steering). Yet, compared to the open market prices for these vehicles, the CGT looks like a steal at the current prices... And it is just so beautiful (918 is also extremely so too). Anyhow, it's MODERN OLD SCHOOL and that brings many contradictions and complications. As someone said a while ago, "you just don't fall into a CGT". You have to be a true, well studied lover of cars to develop the time and energy to live with a CGT. This has been noted by almost anyone. And as Jeremy Clarkson exclaimed in his Top Gear review (one of the best) "boy oh boy, and when you do, you get the rewards..."
Old 03-15-2016, 06:25 PM
  #45  
tcsracing1
Rennlist Member
 
tcsracing1's Avatar
 
Join Date: May 2008
Location: Somewhere in a galaxy far, far away....
Posts: 17,106
Likes: 0
Received 256 Likes on 172 Posts
Default

Before the BIG boom in prices I recall the CGT being had for $400-500K.

IMO, today anything over $550k+ is healthy for these cars. So the market is still strong since it is not below $500k.

Market is currently flooded with owners looking to cash out, same with 993 turbo. But prices are not back down to were they once were on either car.

Thread Tools
Search this Thread
Quick Reply: CGT coming up for sale



All times are GMT -3. The time now is 02:21 AM.