How low will they go?

at the bottom, price will start with a 2...

 

No way. not for a "low" miles car in near perfect shape? Can't ever happen... can it? If so I hope the world economy tanks... in a hurry... so I can buy two.

 

Cars For Sale
2005 Porsche Carrera GT $249,999


Location: FLUSHING, New York
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Seller Notes:
PORSCHE: 2005 Carrera GT, yellow/black, suspension damage, salvage fixer-upper, runs, $249,999. PH: 954-322-9901, NY; for pics: alltypeauto.com $249,999

Hey depending on how big of a mess you are willing to work with, the price is already there. DOH

 

954 area code is Florida, not NY. Lauderdale to be exact.

RMX

 

Agree. That's what I intended. We'll see good cars listed with the price starting with a 2...

 

welll hot digidy dog!! i hope they will be in the two's, will trade stradale and money for cgt!!

 

Ad copied from Hemmings. I didnt add anything to it. I dont check ads for accuracy.

 

Simon:

You remember about 8 months ago when I advised that F40 prices would begin going backwards and dip below the $600k plus highs? Impossible they said, and I sure took some heat, but it was clear to me that even the iconic F40's elevated values would not be insulated from the serious recession some of us understood we had already entered.

CGT prices will drop even below the "2" number within the year. Impossible, some will say.

For those who remember, at the beginning of '73 Laffite Pincay jr thought it was impossible for Sham to be beat. A few weeks later Secretariat showed up...

 

How are you Joe? Thanks for your help with my F40 sale! Best wishes.

 

Doing great! Even more busy, and spending more time helping collectors understand whats happening.

 

A Carrera GT for low 200k ???

 

Well, didn't the Jaguar XJ220 get a partly undeserved "worthless" label, and then finally start to be appreciated again within the past couple of years?

I would be surprised to see worthwhile examples of the CGT under 250K anytime in the near future.

 

I don't think anyone said low $200,000.

 

Post 11.

 

XJ wasn't supposed to even be in the US, TWR stated so. Plus XJ wasn't all that was promised at first sight. Read a funny article that first v12 in the show car killed the room for a gas tank that could not hold more than enough gas to run for a few minutes, ( I think it was Classic Driver.) Personally love the CGT and don't remember it being advertised as the world beating car. Can not imagine CGT pirce going that low, I can see it happen, but feel very depressed if it did so. Would be in line with everyone else to buy an extra and would think the SLR would meet a even more rough fate.

 

That to me seems like a dream.

 

I believe they did...

 

History may not be kind to these cars. With a large number of them made and high maintence costs and possible support problems after 10 years prices will be going down hard on these cars.

I really like these cars but they are the kind of thing that takes a big hit with the current bad economy.

 

Can you imagine when these things are 20 years old, all the maintenance costs for electronic & mechanical ancillaries? Yikes.

 

Can you imagine when these things are 20 years old, all the maintenance costs for electronic & mechanical ancillaries? Yikes.

These costs will be factored in by the market and adjust the value lower as it does with a modern S class Mercedes that is out of warranty. With these cars we may be talking about $10,000 to $15,000 control module as a part becomes scarce. Reverse engineering costs for the part may be $40,000 or more.