CGT prices
Author
Discussion

Schnellmann

Original Poster:

1,893 posts

230 months

Tuesday 21st May 2013
quotequote all
I'm not sure I understand the prices for the CGT. All the ones for sale seem to be low mileage or very low mileage and the colours don't see to vary that much with most silver/grey or black and I understand there wasn't that much variation in spec so why are the prices so differed with £100k between the least and most expensive (range is even higher here in Switzerland).

Can anyone shed light on what drives the prices?

Are the low priced cars US imports? If so why, as I've been told there is no real difference between US and European spec.

Shadow62

1,081 posts

236 months

Tuesday 21st May 2013
quotequote all
I may advertise mine for £500k so even wider price band now.....

Schnellmann

Original Poster:

1,893 posts

230 months

Tuesday 21st May 2013
quotequote all
Out of interest what would make yours worth £500k when Romans have a delivery mileage example in black for £400k?

Maxige

327 posts

230 months

Wednesday 22nd May 2013
quotequote all
The only difference between a US and a EUR car is the front bumper...everything else is the same.

Despite that, US cars are always trading at a discount vs. EUR cars and usually EUR cars trades at a discount vs. UK cars. I guess it's all a question of traceability of the car's history...

My suggestion is to look for a EUR car, perhaps in Italy where prices are still a little depressed on these cars and there are few examples available here and there. I would look at cars with a clean ownership history (1 max 2 previous owners) and reasonable low mileage (around 7-8k miles)

You can get one for around 300k eur/260k gbp.

If you look well you might even find something below that price.

If you need help with cars in Italy let me know, I know them all...almost! smile

Shadow62

1,081 posts

236 months

Wednesday 22nd May 2013
quotequote all
Schnellmann said:
Out of interest what would make yours worth £500k when Romans have a delivery mileage example in black for £400k?
That's exactly my point - its not

You can ask any price you like for a car bit it does not mean it sells there. I

Romans sold a lovely back car recently for high 200s, a car which they have sold a few times too.

The prices of actually traded cars is narrower than the asking price range of cars.

Schnellmann

Original Poster:

1,893 posts

230 months

Wednesday 22nd May 2013
quotequote all
Maxige said:
The only difference between a US and a EUR car is the front bumper...everything else is the same.

Despite that, US cars are always trading at a discount vs. EUR cars and usually EUR cars trades at a discount vs. UK cars. I guess it's all a question of traceability of the car's history...

My suggestion is to look for a EUR car, perhaps in Italy where prices are still a little depressed on these cars and there are few examples available here and there. I would look at cars with a clean ownership history (1 max 2 previous owners) and reasonable low mileage (around 7-8k miles)

You can get one for around 300k eur/260k gbp.

If you look well you might even find something below that price.

If you need help with cars in Italy let me know, I know them all...almost! smile
Thanks for the offer.

I'm currently in Switzerland but moving back to the UK next year and was thinking about buying one here and bringing it back with me.

Italy wouldn't work at the moment as would cost too much to register in Switzerland (around 12%).

At first sight I thought prices here might be better here in Switzerland but they seem about the same (also seems to be a big discount for US cars). I am currently looking at a 2004 US car with 5'500 km in grey/brown advertised for GBP 260'000. At that price I'm not sure it is worth the hassle of buying here and bringing it back so might wait until we are UK resident.

Ideally I'd want a higher mileage (but still excellent condition) car at a lower price so that I could drive it and not worry so much about depreciation.

Maxige

327 posts

230 months

Wednesday 22nd May 2013
quotequote all
Schnellmann said:
I am currently looking at a 2004 US car with 5'500 km in grey/brown advertised for GBP 260'000.
Is that car already in Europe or still in the US?

If the car is here and it's on german transit plates it's a bargain...you are buying 2 cars at the price of 1! biggrin

(ie that car was crashed and rebuilt using parts from another crashed car) wink

Schnellmann

Original Poster:

1,893 posts

230 months

Wednesday 22nd May 2013
quotequote all
Shadow62 said:
That's exactly my point - its not

You can ask any price you like for a car bit it does not mean it sells there. I

Romans sold a lovely back car recently for high 200s, a car which they have sold a few times too.

The prices of actually traded cars is narrower than the asking price range of cars.
Ok. Sorry. I didn't understand your original comment.

Schnellmann

Original Poster:

1,893 posts

230 months

Wednesday 22nd May 2013
quotequote all
Maxige said:
Schnellmann said:
I am currently looking at a 2004 US car with 5'500 km in grey/brown advertised for GBP 260'000.
Is that car already in Europe or still in the US?

If the car is here and it's on german transit plates it's a bargain...you are buying 2 cars at the price of 1! biggrin

(ie that car was crashed and rebuilt using parts from another crashed car) wink
Sorry for perhaps not being clear. CGT I'm considering was first sold in the US in 2004 then imported and registered for use in Switzerland about 3 years ago. I'm waiting for detailed information from the seller.

Maxige

327 posts

230 months

Wednesday 22nd May 2013
quotequote all
Schnellmann said:
Sorry for perhaps not being clear. CGT I'm considering was first sold in the US in 2004 then imported and registered for use in Switzerland about 3 years ago. I'm waiting for detailed information from the seller.
Ok perfect, then it's not the same car for sure. When you look at US cars run a Carfax check with the VIN number...it's really the first check you could do but I would still dig deeper in the history of any US car (tracing old owner/dealer etc), just for added peace of mind.

Cheers,
Max

Davey S2

13,389 posts

280 months

Wednesday 22nd May 2013
quotequote all
Even at £400K the CGT represents astounding value compared against the modern super exotica IMO.


isaldiri

24,149 posts

194 months

Wednesday 22nd May 2013
quotequote all
Shadow62 said:
That's exactly my point - its not

You can ask any price you like for a car bit it does not mean it sells there. I

Romans sold a lovely back car recently for high 200s, a car which they have sold a few times too.

The prices of actually traded cars is narrower than the asking price range of cars.
If you don't mind me asking, what would your best guess of trading prices for say the average 5-6k mile UK car be?

The Romans car you mentioned was listed at 305k for quite a long time before it was sold and had come down from 325 even further back and had 2.5k miles. Per your post that it sold at high 200s and Maxige's post above where he mentioned euro cars at 6-7k were ~260k GBP so can I assume UK cars would be in the 265-270 area as they carry a small premium over europe ones?

thanks

Shadow62

1,081 posts

236 months

Wednesday 22nd May 2013
quotequote all
I guess everyone is different on how they price the cars.

I have owned 3 and have always wanted the car to have black (dark grey ) leather

This is only my personal view and I appreciate other views will differ

I value a UK supplied new car higher than a euro car higher than a US car.
I view black / dark grey leather as a premium over ascot leather
All my cars have been GT silver and I view that as less desirable than other colours, all very much personal preference on colours as I would pay more for a fayance yellow car and other would discount it. I would have loved the yellow car that was with a couple of different dealers recently but it had the wrong interior for me.

Cars ideally should have a full set of luggage and indoor covers which were supplied when new. New luggage is not cheap. I did have to buy a set from sun coast Porsche.

They really are remarkable cars

Shadow62

1,081 posts

236 months

Wednesday 22nd May 2013
quotequote all
Sorry and yes miles make a difference to value.

A good place to start looking for a car is the guys at Reading. They know most of the cars.

Schnellmann

Original Poster:

1,893 posts

230 months

Thursday 23rd May 2013
quotequote all
Shadow62 said:
I guess everyone is different on how they price the cars.

I have owned 3 and have always wanted the car to have black (dark grey ) leather

Out of curiousity: how did you come to own three (presumably in succession, rather than at the same time)?

Shadow62

1,081 posts

236 months

Thursday 23rd May 2013
quotequote all
Schnellmann said:
Out of curiousity: how did you come to own three (presumably in succession, rather than at the same time)?
First one was via dick Lovett - really wanted one so bought the best I could find. Like new 1k miles, previous owner also on here. Paid £315k which was possibly the most expensive at the time. Had it a short while and the same dealer called and offered to buy the car back ( for more) so I sold it back.

Missed it so started looking for another but looked in Europe for a cheaper car. Found a car for approx £260k in Germany. Car was actually a UK car which was taken to Germany when the owner moves there for business. Sold on to a work colleague at the time, again was planning to sell but got hounded into it.

3. Picking up a new 997 GTS from opc Bristol and they had a stock 2k mile UK CGT in. Been in for close to what I guess is a 90 stocking plan??? Anyway ended up buying it, wasnt really ready for one again so sold it via DK engineering to someone on here I think. That car really was lovely.

At the 918 spyder day last week two of my ex cars were there which is always good to see.

4. Currently in discussions to buy it, its actually buying back the car sourced from Germany but is a UK supplied car, GT silver and can't make up my kind if a full colour change would be the way to make me keep it for a very long time.

The cars are incredible

Koing

442 posts

199 months

Thursday 23rd May 2013
quotequote all
Shadow62 said:
First one was via dick Lovett - really wanted one so bought the best I could find. Like new 1k miles, previous owner also on here. Paid £315k which was possibly the most expensive at the time. Had it a short while and the same dealer called and offered to buy the car back ( for more) so I sold it back.

Missed it so started looking for another but looked in Europe for a cheaper car. Found a car for approx £260k in Germany. Car was actually a UK car which was taken to Germany when the owner moves there for business. Sold on to a work colleague at the time, again was planning to sell but got hounded into it.

3. Picking up a new 997 GTS from opc Bristol and they had a stock 2k mile UK CGT in. Been in for close to what I guess is a 90 stocking plan??? Anyway ended up buying it, wasnt really ready for one again so sold it via DK engineering to someone on here I think. That car really was lovely.

At the 918 spyder day last week two of my ex cars were there which is always good to see.

4. Currently in discussions to buy it, its actually buying back the car sourced from Germany but is a UK supplied car, GT silver and can't make up my kind if a full colour change would be the way to make me keep it for a very long time.

The cars are incredible
Awesome story and love the bit that you saw your two of your ex cars at the 918 spyder day smile

Koing

isaldiri

24,149 posts

194 months

Friday 24th May 2013
quotequote all
Shadow62 said:
I guess everyone is different on how they price the cars.

I have owned 3 and have always wanted the car to have black (dark grey ) leather

This is only my personal view and I appreciate other views will differ

I value a UK supplied new car higher than a euro car higher than a US car.
I view black / dark grey leather as a premium over ascot leather
All my cars have been GT silver and I view that as less desirable than other colours, all very much personal preference on colours as I would pay more for a fayance yellow car and other would discount it. I would have loved the yellow car that was with a couple of different dealers recently but it had the wrong interior for me.

Cars ideally should have a full set of luggage and indoor covers which were supplied when new. New luggage is not cheap. I did have to buy a set from sun coast Porsche.

They really are remarkable cars
That is interesting thanks. Have to admit I still find it a bit tough to get around in my head the premium of UK cars over European ones as it seems to be pretty significant. US to Europe I can still understand but UK to Europe is a bit more difficult for me to understand as it is going to always rely on UK based buyers alone to maintain and so it's a very limited market. Still the market is what the market is I suppose!

Shadow62

1,081 posts

236 months

Friday 24th May 2013
quotequote all
I think the market agrees with you. There does lot appear to be much, if any, premium for a up car vs euro car. With weakness of gbp it could actually be the other way now, but that's more of a currency thing than a specific car variance.

isaldiri

24,149 posts

194 months

Friday 24th May 2013
quotequote all
Shadow62 said:
I think the market agrees with you. There does lot appear to be much, if any, premium for a up car vs euro car. With weakness of gbp it could actually be the other way now, but that's more of a currency thing than a specific car variance.
Unfortnately.. not quite what I am finding! If the Romans car you mentioned that was sold recently was a UK car (ad wasn't 100% clear if I remember, stated UK reg rather than explicitly UK supplied or UK CAR), then it might just be a matter of waiting for the other UK cars to come that way though.....