Carrera GT's into seconday market? | FerrariChat

Carrera GT's into seconday market?

Discussion in 'Porsche' started by redcar1, Mar 22, 2006.

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  1. redcar1

    redcar1 Formula Junior

    Nov 3, 2003
    628
    austin, tx
    Full Name:
    Mark
    Has anyone here been watching the secondary market for nicely kept Carrera GT’s that might have some miles/depreciation? Any ideas where to start looking?

    It looks like there are still some new ‘05’s sitting at dealerships that could be purchased for a little over $400 (MSRP$448). I wonder what the real market is for a two year old car with a few thousand miles?

    Thanks for any advice.

    Mark
     
  2. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    '04's with delivery miles are trading for around $380K - $390K. I would assume you can get an '04 with sub-3K miles for somewhere in the $350 - $360K range, but I'm just extrapolating.

    Will be interesting to hear what people who are in the market have to say.
     
  3. switchcars

    switchcars Formula 3

    Jul 28, 2005
    2,223
    Full Name:
    Doug
    I have had 05s that are still on the showroom offered to me in the 380s, and I can usually pick up used 04s in the 340-350k range. Let me know if there's something you're looking for....it's a buyer's market on these cars!
     
  4. ghost

    ghost F1 World Champ
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    Dec 10, 2003
    10,046
    Singapore
    Unbelievable, given how much car the CGT is.
     
  5. ralfabco

    ralfabco Two Time F1 World Champ
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    Mar 1, 2002
    28,029
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    Itamar Ben-Gvir
    Would one assume, that it will eventually bottom out, around 180K-220K, for a nice queen ?
     
  6. Ren65amg

    Ren65amg Karting

    Nov 25, 2005
    218
    New Jersey
    Full Name:
    Reny
    agree, awesome car, do you guys think if it was a v12 it would have sold better????
     
  7. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    The real reason is that the pent-up demand never materialized. Overproduction, an increase in the base price prior to launch, critical early reviews of a (so called) temperamental clutch, and no paddles (thank God!) are all to blame for weak demand. Not to mention larger economic factors such as a continued soft economy.

    If they built 400 less units, this car would still be trading in the mid-4's IMHO.

    But then again, I'm not complaining about the price trends. I want one bad. - :)
     
  8. ralfabco

    ralfabco Two Time F1 World Champ
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    Mar 1, 2002
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    Itamar Ben-Gvir

    Also -

    Parts priced similar, to Space-Shuttle components.
    A Boxer on steriods ?

    Agreed about the paddle-shifters. - Good to have a stick.
     
  9. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
    3,477
    potomac
    180k for a cgt would be the bargin of the century....the car is super high tech and has amazing performance potential...605hp and 3000lbs!!! 209 mph, conservatively!!! In person the car looks amazing, i would take it over any lambo or ferrari on the market currently..and the best of all, like Vic said, no paddles!!!!
     
  10. Ren65amg

    Ren65amg Karting

    Nov 25, 2005
    218
    New Jersey
    Full Name:
    Reny
    agree with the paddles and overproduction
     
  11. Ren65amg

    Ren65amg Karting

    Nov 25, 2005
    218
    New Jersey
    Full Name:
    Reny

    also agree with the price of parts
     
  12. JamesSimpson

    JamesSimpson F1 Rookie

    Jun 29, 2005
    3,629
    Toronto,CANADA
    Full Name:
    James Simpson
    i've seen a few with a couple thousand miles with a $340,000 u.s asking price.
     
  13. switchcars

    switchcars Formula 3

    Jul 28, 2005
    2,223
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    Doug
    Overproduction is really what killed the market on them.....they were selling for $100k over sticker, until the demand was met....and like the SLR.....they just stopped selling, no matter what price.
     
  14. ralfabco

    ralfabco Two Time F1 World Champ
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    Mar 1, 2002
    28,029
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    Itamar Ben-Gvir


    I am NOT talking down about the car. - I like the car very much. I mentioned the multiple issues, that have caused the car, to decline in price. No paddles ? - As far as I am concerned, they can make the car even more hardcore.


    The car has just started its dive in price. Remember a few years from now, (after the in-crowd has already moved on to the latest new toy) their will be many more as-new cars forsale in the D.R., and the car will be off warranty.
     
  15. scycle2020

    scycle2020 F1 Rookie

    Jan 26, 2004
    3,477
    potomac
    hope you are right....i will be all over that....actually, 180-220k will be about 50% of msrp, which is where 911s and v8 ferraris also tend to bottom out....
     
  16. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
    35,532
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    HUBBSTER
    I heard 1 sold recently for $325. Thats an AWESOME ride. I'd love to have 1. Maybe in a few years. I really wish the Saleen S7 came as a roadster, I love that too
     
  17. ralfabco

    ralfabco Two Time F1 World Champ
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    If that is the case, then the car will eventually be priced even less, after it hits the ten year mark. The XJ 220 was crushed, and that is a rare car.


    Other problems associated with the car.

    Given the production #'s, the car is overpriced.
    The cars are sitting on the showroom floor today.
    The car is challenging to drive well.
     
  18. Tenney

    Tenney F1 Rookie
    Consultant

    Feb 21, 2001
    4,287
    Could be the CGT becomes the "driver's" supercar of its era, and $ won't dive a ton.
     
  19. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    The car will suffer from Jag XJ220 syndrome. Fast but stupidly expensive to maintain, thus killing the purchase price.

    --Dan
     
  20. WILLIAM H

    WILLIAM H Three Time F1 World Champ

    Nov 1, 2003
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    Can it be more expensive to maintain than a V12 Lambo or F ?

    Those arent exactly cheap to maintain either
     
  21. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    Absolutely. There was just a recent example of a C-GT where the guy toasted his clutch in 1300 miles. Cost to replace is 8k. The whole car has to be taken apart too.

    --Dan
     
  22. caymanslover

    caymanslover Karting

    Dec 16, 2005
    114
    New Jersey
    Full Name:
    Tom
    That guy must be one bad driver. The clutch was tested to repeated sustained 14000 rpm engagements and was shown to last much longer than 30,000 simulated miles. I suppose nothing built by man can sustain the idiot's
    ingenuity for destruction and abuse. There are two ways to avoid stalling out the C-GT. 1) just let out the clutch slowly without gas and the car automatically gives it enough gas to take off. 2) rev the gas to 4000 rpm and drop the clutch. Sounds pretty easy wouldn't one say.
     
  23. bobafett

    bobafett F1 Veteran

    Sep 28, 2002
    9,193
    Whether or not the guy is an idiot is almost irrelevant. The fact of the matter is that the car is still hugely expensive to maintain, and a lot of that cost is built into unnecessary expenses. The fact that you have to pull apart half the car to do the clutch is silly. The fact that the bottom is so "over engineered" that techs have to have color coded screws filling half a bucket to get the bottom panels off is also silly. Let's forget for now the major engine services that this will need and how insanely expensive and time-consuming those will be.

    By the time these become 200k cars, it seems that owners will be spending 20k per annum keeping them running.

    --Dan
     
  24. caymanslover

    caymanslover Karting

    Dec 16, 2005
    114
    New Jersey
    Full Name:
    Tom
    The fact that people are not keeping these cars (which are really well constructed and no less reliable than F cars) after they abuse the hell out of them through incompetence as a driver or lack of appreciation for what they have had the good fortune to enjoy and experience is totally relevant to this discussion. My point is that properly maintained and enjoyed (at full potential at the tracks) these cars are not going to be too expensive to own after the initial cost of purchase. I'm not saying that these cars when crashed (bodywork on carbon chassis are usually $100K+ when cracked from accidents) are not expensive to maintain but then again what small volume (less than 2000 in existance) cars will have cheap replacement parts. Most Lambo owners are known to be paying $600 for a distributor cap if they can locate a new one, etc. and timing belt service for the F cars are $5-8k every 3 years. The C-Gt at least doesn't need those kinds of maintenance. A clutch job and brake job are normal for these cars only at higher mileage intervals based on how the car is used or abused. The attitude of Ferrari is that their carbon brakes like in their F1 cars are expected to be burned up in short order then replaced because the clientele never blink when faced with replacing wear and tear items (brakes and tires and clutch). Porsche owners are different in that they expect longevity and robust parts tested to death and expect their carbon ceramic rotors to last the lifetime of the car (or at least 24hours of LeMans). The clutch was designed as well to last a long time due to the material used and tested. I for one expect to profit from those with deep pockets and willy nilly taste in cars. That way the C-GT of the future may actually become affordable after the initial depreciation.
     

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