What happened to the bubble?

What happened to the bubble?

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Discussion

SRT Hellcat

7,027 posts

217 months

Thursday 14th September 2017
quotequote all
Carrera GT's without a story are still fetching good money. I know of one that went for 1.25 this year. Even at 6 + for a good car I still think they are a bargain relative to other supercars that are not so analogue and fetching well over the mill. Enzo for example

FocusRS3

3,411 posts

91 months

Thursday 14th September 2017
quotequote all
SRT Hellcat said:
Carrera GT's without a story are still fetching good money. I know of one that went for 1.25 this year. Even at 6 + for a good car I still think they are a bargain relative to other supercars that are not so analogue and fetching well over the mill. Enzo for example
Totally agree.
Makes this look a bargain -

http://www.jzmporsche.com/used-vehicle-details/Por...

Cheib

23,213 posts

175 months

Thursday 14th September 2017
quotequote all
SRT Hellcat said:
Carrera GT's without a story are still fetching good money. I know of one that went for 1.25 this year. Even at 6 + for a good car I still think they are a bargain relative to other supercars that are not so analogue and fetching well over the mill. Enzo for example
There was that time when 4.0 RS prices started going mental when they and the CGT were both around £400k. Seem to remember someone on here doing that trade.

I suppose the two things holding CGT prices back a bit is the amount made and aren't they very expensive to maintain ? Mind I know a lot of cars in that price bracket are.
S
s

MDL111

6,913 posts

177 months

Thursday 14th September 2017
quotequote all
FocusRS3 said:
SRT Hellcat said:
Carrera GT's without a story are still fetching good money. I know of one that went for 1.25 this year. Even at 6 + for a good car I still think they are a bargain relative to other supercars that are not so analogue and fetching well over the mill. Enzo for example
Totally agree.
Makes this look a bargain -

http://www.jzmporsche.com/used-vehicle-details/Por...
I agree - I think they are still a bargain. Unfortunately nobody will lend me enough money to buy one .... it is the Only car I would take finance for and just hope I will be able to pay it off over time - don't even particularly care if they half in value post purchase . Ah well one day ...

isaldiri

18,523 posts

168 months

Thursday 14th September 2017
quotequote all
FocusRS3 said:
Totally agree.
Makes this look a bargain -

http://www.jzmporsche.com/used-vehicle-details/Por...
A bargain it is not as I said, or at least not to my mind anyway. That's about the right level and probably a bit on the high side. Look at the past few auctions in Europe (and even the US where they have come off and quite significantly afaik). IIRC, one failed to sell at £480k not so long ago with no obvious negative story other than the KW lifter being installed (which actually would be a good thing if you wanted to use it.

The prices of 'collectible' cars have absolutely no relation whatsoever with their driving merits so however the cgt drives (and it really is a phenomenal car in the right circumstances) comparisons in terms of pricing to other cars like the Enzo or F50 is irrelevant I think.

SRT Hellcat

7,027 posts

217 months

Thursday 14th September 2017
quotequote all
Cheib said:
There was that time when 4.0 RS prices started going mental when they and the CGT were both around £400k. Seem to remember someone on here doing that trade.

I suppose the two things holding CGT prices back a bit is the amount made and aren't they very expensive to maintain ? Mind I know a lot of cars in that price bracket are.
S
s
I think an annual service is about £800. The big one engine out every four or five years ain't cheap. But compare that to an Enzo, Zonda, F40, Mac F1 that is for nothing. Strangely I think they look even better now than they did when the were new and I am not the only one that has said this.1270 is a fair few. But only 144 in black. Without doubt they will go north. Being probably the greatest alongside the F1 but from a different era analogue supercar that was and ever will be built

chrisgaia

123 posts

131 months

Thursday 14th September 2017
quotequote all
993s having a late surge apparently. Having originally been very cynical about rising prices, as it obviously dampens the enthusiast in favour of the investor, I must say I have spent more on mine than I would have done.

At the very least it provides a perfect excuse...as I tell my wife "It's an investment darling"

:-)

lucido grigio

44,044 posts

163 months

Thursday 14th September 2017
quotequote all
Roman's have a 2000 mile CGT for 650K and a 911R with 400 miles for 390K.

No idea how long they've been on sale but cars do stick with them for a while sometimes.

SRT Hellcat

7,027 posts

217 months

Thursday 14th September 2017
quotequote all
Agreed. I am not a new car guy. Save for the Cat but after two years of many smiles per gallon I think I am still in front. Not many cars that you can say that about for less than £60K new. All my other stuff I hope is creeping up. You don't feel so bad when you pay the bill if you feel you are still way in front. But darling I know I just spent £££'s but its worth %%% more than I paid for it so what's the harm. I am investing in our future smile

MDL111

6,913 posts

177 months

Friday 15th September 2017
quotequote all
isaldiri said:
FocusRS3 said:
Totally agree.
Makes this look a bargain -

http://www.jzmporsche.com/used-vehicle-details/Por...
A bargain it is not as I said, or at least not to my mind anyway. That's about the right level and probably a bit on the high side. Look at the past few auctions in Europe (and even the US where they have come off and quite significantly afaik). IIRC, one failed to sell at £480k not so long ago with no obvious negative story other than the KW lifter being installed (which actually would be a good thing if you wanted to use it.

The prices of 'collectible' cars have absolutely no relation whatsoever with their driving merits so however the cgt drives (and it really is a phenomenal car in the right circumstances) comparisons in terms of pricing to other cars like the Enzo or F50 is irrelevant I think.
I agree - my definition of bargain was more along the lines of value for money from my perspective/a driving perspective and not related to is it over/undervalued financially in terms of resale/investment value. They did build quite a lot of them and they seem to be a bit marmite. Don't think they can really be compared to Ferraris in terms of valuation - rightly or wrongly not the same league in terms of collectibility

Porsche911R

21,146 posts

265 months

Friday 15th September 2017
quotequote all
FocusRS3 said:
Totally agree.
Makes this look a bargain -

http://www.jzmporsche.com/used-vehicle-details/Por...
people views on a bargain are a bit screwed imo lol it was quite nice value when no one wanted them at £300k.

I am not sure nay of these crazy prices are like finding some thing in £1 shop and thinking bloody hell that was a bargain :-)

now for £600k this looks the better buy
http://www.rightmove.co.uk/property-for-sale/prope...

:-)


Edited by Porsche911R on Friday 15th September 09:10

abidr500

148 posts

157 months

Friday 15th September 2017
quotequote all
Cheib said:
SRT Hellcat said:
Carrera GT's without a story are still fetching good money. I know of one that went for 1.25 this year. Even at 6 + for a good car I still think they are a bargain relative to other supercars that are not so analogue and fetching well over the mill. Enzo for example
There was that time when 4.0 RS prices started going mental when they and the CGT were both around £400k. Seem to remember someone on here doing that trade.

I suppose the two things holding CGT prices back a bit is the amount made and aren't they very expensive to maintain ? Mind I know a lot of cars in that price bracket are.
S
s
Very similar numbers produced to the F40 - If you use them a bit and don't just leave them in a garage, no more expensive to maintain than any other supercar.
US cars are far less desirable, so one could argue the number of euro cars makes them rarer than F40s- but half the price - Bargain!!!


AndrewD

7,537 posts

284 months

Friday 15th September 2017
quotequote all
Not really that expensive to maintain. If you actually drive the car for any reasonable time, it is an absolute steal even at these prices. Nothing comes close to the feeling in my view anyway.

isaldiri

18,523 posts

168 months

Friday 15th September 2017
quotequote all
MDL111 said:
I agree - my definition of bargain was more along the lines of value for money from my perspective/a driving perspective and not related to is it over/undervalued financially in terms of resale/investment value. They did build quite a lot of them and they seem to be a bit marmite. Don't think they can really be compared to Ferraris in terms of valuation - rightly or wrongly not the same league in terms of collectibility
You live in Germany which has far far better road conditions where one can really use a cgt properly (unlike here in the UK unfortunately in my opinion) so you really have no excuse! hehe

MDL111

6,913 posts

177 months

Friday 15th September 2017
quotequote all
AndrewD said:
Not really that expensive to maintain. If you actually drive the car for any reasonable time, it is an absolute steal even at these prices. Nothing comes close to the feeling in my view anyway.
In your experience, what would running costs look like at say 10k km a year? There seem to be quite a few higher mileage cars, so some seem to drive them (I remember one with about 130k km on the clock a few years ago).

rkwm1

1,476 posts

102 months

Friday 15th September 2017
quotequote all
The bubble has definitely started to deflate. The "pop" will come early around spring next year in my opinion.

Cheib

23,213 posts

175 months

Friday 15th September 2017
quotequote all
SRT Hellcat said:
Cheib said:
There was that time when 4.0 RS prices started going mental when they and the CGT were both around £400k. Seem to remember someone on here doing that trade.

I suppose the two things holding CGT prices back a bit is the amount made and aren't they very expensive to maintain ? Mind I know a lot of cars in that price bracket are.
S
s
I think an annual service is about £800. The big one engine out every four or five years ain't cheap. But compare that to an Enzo, Zonda, F40, Mac F1 that is for nothing.
Heard a story recently (from someone that knows the owner very well) of an F1 that went in for a service....£200k bill ! Some of the work done wasn't authorised and I believe it ended up with lawyers involved.

MDL111

6,913 posts

177 months

Friday 15th September 2017
quotequote all
isaldiri said:
MDL111 said:
I agree - my definition of bargain was more along the lines of value for money from my perspective/a driving perspective and not related to is it over/undervalued financially in terms of resale/investment value. They did build quite a lot of them and they seem to be a bit marmite. Don't think they can really be compared to Ferraris in terms of valuation - rightly or wrongly not the same league in terms of collectibility
You live in Germany which has far far better road conditions where one can really use a cgt properly (unlike here in the UK unfortunately in my opinion) so you really have no excuse! hehe
I know ... life is short and all that, so might at some point just say f... it and take on loads of finance to buy one. Then I will report back how it is to commute with it weekly from Salzburg to Munich during summer and put up loads of pics and videos of it on the mountain roads around Salzburg - target will then be to own the highest mileage one in the world at some point ..... one can always dream

Maxige

327 posts

204 months

Friday 15th September 2017
quotequote all
MDL111 said:
Sure - a black one at the southern Porsche dealer in Munich and a silver one at Porsche Inntal - from memory now at c 680k and 640k euros. I think the black one was at c 740k last winter and the silver one had various prices, I think in the high 600s and low 700s
Thanks!! Thought you were referring to UK dealers and I was surprised to have missed two cars for sale here!! smile

996TT02

3,308 posts

140 months