To sell or to hold on - CSL values

[Matt21]

I know this won't be the most popular topic but grateful of your thoughts.

Bought a 997 Turbo as a daily, but it is actually far better than I first went out to find. Deciding now to use it as a weekend car. I have 2 CSLs already, and it seems pointless having the three.

I could sell the 34k CSL for probably about £60k right now. Honestly I don't need the cash, it would sit in the bank. Keeping the CSL on the road and doing about 1000 miles will be £1-2k

In your opinion would my money be better invested in the CSL over the next 12mths or pocket the cash. The second CSL gets much more use and is off to the ring next month!

[Yanto_csl]

Cash is king :thumbs:

Just don't put it in the bank.

[nw99]

If someone offered you 60k that's strong money take it.

[cslsuperfan]

I know this won't be the most popular topic but grateful of your thoughts.

Bought a 997 Turbo as a daily, but it is actually far better than I first went out to find. Deciding now to use it as a weekend car. I have 2 CSLs already, and it seems pointless having the three.

I could sell the 34k CSL for probably about £60k right now. Honestly I don't need the cash, it would sit in the bank. Keeping the CSL on the road and doing about 1000 miles will be £1-2k

In your opinion would my money be better invested in the CSL over the next 12mths or pocket the cash. The second CSL gets much more use and is off to the ring next month!

£60K would be tempting and as you have a spare csl in the garage it may be prudent to sell whilst the market is strong.
I'm not entirely convinced the market values for csl's in general is that strong.

Agreed the very low mileage examples are achieving eye watering values but the higher mileage cars are not selling as robustly.

2 possible reasons for this-

the csl in question is not up to the scrutiny of the would-be owner.
it is overpriced.

the 92,000 miler that sold @ ML recently for £36K is a true marker as to the actual value of cars of this ilk.

Is it not the case that the values have only really ballooned in the garage queen/museum/low mileage examples.

Just me chewin' the cud.

[Matt21]

Thanks for the advice folks. Will see how I get on with the Porsche for a month or so then may move the CSL on.

[CSLManual]

the 92,000 miler that sold @ ML recently for £36K is a true marker as to the actual value of cars of this ilk.

You mean the one that sold within about 5 hours of being listed? I think the only true marker there was that they underpriced it.

[billyboysm3]

Stick it up for £60k, if it sells it sells, if not you haven't lost anything bar knowing its not going to fetch that kind of dollar.

Then use and abuse the Porsche and other CSL.

I sold mine and do not miss it.

[nw99]

I would sell mine as well for that sort of money !

[Matt21]

I would sell mine as well for that sort of money !

How many miles has yours done and what condition is it in?

[nw99]

VGC Full Service history always on time 37,000 miles

[Matt21]

Yours has to be close to £60k. Look at what £50k gets you these days!

CSL780 had 39k miles and sold for £55k.

[nw99]

Mid 50's I think , but if the black 60k car makes 50,000 I might revise that .

[Matt21]

Agree, that is the acid test!

Will be interesting to see what happens this year considering the big jumps during the selling season in recent years

[cslsuperfan]

You mean the one that sold within about 5 hours of being listed? I think the only true marker there was that they underpriced it.

Good point.
I didn't realise it had sold so quickly.

[73CSL]

factory 'track biased' performance road car that can be used all year round and you can use to take the missus away for the weekend in .. GT3 or CSL ? Don't really think there are any other alternatives

CSL = £35K upwards ?

GT3 = £ 60K upwards ?

GT3 has priced itself out of range of a lot of buyers .. although same could be said of the CSL

Who knows wether pricing has levelled off. I'm pretty confident CSL's won't drop below £35K again as there is no alternative car to buy at that level. Will they continue to rise , I reckon they will , slowly , especially if the M2 CSL opens up interest again and people realise most modern cars 'lack' something the old ones had.