To sell or to hold on - CSL values

[SSS]

I am sure there will be some adjustment in prices if interest rates ever climb back up to something around 5% or at least a premium on inflation. Why put your money in the bank when you are losing money in real terms - ? Admittedly it may not be big adjustment. £55-60,000 tied up in a car is a lot of money for most people when you could buy a nearly new M sport and have some money left over.

Pip

Definitely worth keeping with the budget on Wednesday making money in the bank worthless

[Pip1968]

There is no bubble and it's not gonna burst, people need to except these prices are here to stay. When the 'bubble burst' last time people had to get out of cars quick which had to be discounted to pay the loaned money back. Cars at present are bought with hard earned cash, the people buying them CAN afford them as its toy money.

You'd have to be mad to sell a Csl at current prices as there's still no replacement for similar money.

I am sure there will be some adjustment in prices if interest rates ever climb back up to something around 5% or at least a premium on inflation. Why put your money in the bank when you are losing money in real terms - ? Admittedly it may not be big adjustment. £55-60,000 tied up in a car is a lot of money for most people when you could buy a nearly new M sport and have some money left over.

Pip

[Pip1968]

I don't know what's happening with prices atm. So much 'new' stuff is selling at premiums that were previously unheard of. I wonder if there's just too many people with too much money that are desperate to be part of it. The bubble will pop, but how it affects cars like the CSL, I don't know. Personally, and after owning one, I think they are starting to look expensive. Parts are limited, and engine problems are not rare. I bought mine for £32.5k (from memory) and thought it was worth the money at that (50% cost of a 997GT3). Same car today at £60k loses my feeling of value/worth. My money today would be on the 996/997 GT3 (non-RS).

But I think you have missed the boat on the 996/997 GT3 (non RS) and the GT3 RS. I few years ago they were still well above the CSL prices at around £45,000 (GT3)/£65,000 (RS) and then about two years (advent of the non manual 991 GT3) ago jumped to £65,000 (GT3)/£120,000 (RS). There were very few around but once the prices jumped a lot of people decided to cash in and probably could not believe their luck. Personally I think Porsche f##ked up a little with a paddle shift GT3/RS trying to go for a different market. That and the loss of a race proven engine in the Mezger.

Of course there will always be people who like you feel cars have lost "value/worth" once prices jump. See my comment about the sudden jump in people selling once the 996 GT3 went to £65,000. Then there will be others who think there is more price increase to come and do not want to sell short or like many on here would not know what to replace their 'baby' with. I think that unfortunately cars just seem to get bigger and bigger as well as heavier and with more and more nannying electronics. Where are all the real drivers cars gone - ??? What I do not really get is that there is more use/availability of lighter materials - CFRP/ CF and Al yet cars are getting heavier and heavier (M2 1570kg/ M3 e46 1549kg - Google figures).

Pip

[dave wilkinson]

There is no bubble and it's not gonna burst, people need to except these prices are here to stay. When the 'bubble burst' last time people had to get out of cars quick which had to be discounted to pay the loaned money back. Cars at present are bought with hard earned cash, the people buying them CAN afford them as its toy money.

You'd have to be mad to sell a Csl at current prices as there's still no replacement for similar money.

[MCSL]

I don't know what's happening with prices atm. So much 'new' stuff is selling at premiums that were previously unheard of. I wonder if there's just too many people with too much money that are desperate to be part of it. The bubble will pop, but how it affects cars like the CSL, I don't know. Personally, and after owning one, I think they are starting to look expensive. Parts are limited, and engine problems are not rare. I bought mine for £32.5k (from memory) and thought it was worth the money at that (50% cost of a 997GT3). Same car today at £60k loses my feeling of value/worth. My money today would be on the 996/997 GT3 (non-RS).

[Matt21]

Sound advice. Pick the Porker up in a month so will see how I get on with it first

If someone offered me £60k right here right now I think I would say no! Kind of proves that I don't really want to sell it!

See that Nick Johnson sold his 36,000 mile car fairly quickly which was advertised at £60,000

[Pip1968]

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.

I am with BillyBoysM3. At the end of the day your could always pull out at the last minute or just take the £60,000. I nearly bought W1TAK's CSL a few years ago (~2007) but he changed his mind and then sold it six months later.

At least it will give you a good idea if that sell price is acheiveable.

Pip

[billyboysm3]

And let me know 😊

You needed to buy 5 years ago when a 30k miler was £27k

[SSS]

Stick it up for £45K :whistle:

And let me know 😊

[nw99]

1M?

M5 Touring ?

[SSS]

if as a collective we think its over £40K .. that's fine by me :thumbs:

No plans to sell anyway until someone can point me to a quick 4 seater that is fun and isn't going to depreciate I can't see one that fills this role.

1M?

[billyboysm3]

Stick it up for £60k

[73CSL]

if as a collective we think its over £40K .. that's fine by me :thumbs:

No plans to sell anyway until someone can point me to a quick 4 seater that is fun and isn't going to depreciate I can't see one that fills this role.

[73CSL]

I don't think it will shoot up unfortunately for me! Right now it needs a new exhaust after it fell off offroading over Christmas (it out performed the 110s it was with!). Still love it!

Your CSL is worth way more than that. Don't think number of owners really matters.

offroading a Series 2A :thumbs:

It saw some moorland byways with me & that was it .. previous owner used on road only. Great things offroad , if somewhat agricultural

[Matt21]

if the landy rockets up , that will be another one of my bad decisions to sell ... the other was my immaculate 996 turbo with 33K miles on that I sold to a trader for £23K so I could go out and buy my CSL ( buying the CSL made up for it ) ... also back in 2006 selling an immaculate 1967 Porsche 911 2.0 for £18K if only I'd kept it


On CSL pricing .. my CSL is 69.5K miles as we speak and FBMW history, but with a fair few owners. I reckon realistic price for mine if I was to sell it would be in the £38K-£42K range

I don't think it will shoot up unfortunately for me! Right now it needs a new exhaust after it fell off offroading over Christmas (it out performed the 110s it was with!). Still love it!

Your CSL is worth way more than that. Don't think number of owners really matters.