Investment opportunity - or not?
Discussion
I am looking to buy an '04 CSL in the only proper colour, it is well sorted and well known. I have been swatting up on the model for eons and now feel it is the way for me to go. I have owned a multitude of cars over the years as I am sure many on here have. I have been well into my T/D's over the past few years and now is the time to scale down my collection and acquire the all conquering CSL.
The question above is aimed at anyone who may have an opinion on whether the CSL will become a sought after and coveted model ( I know in many ways it already is ) Ala' Porsche 964 RS and M3 Evo sport and so command similarly strong money. I really can not see these cars dropping much below 20K before they start to rise again, one of the last cars of this type maybe?
The question above is aimed at anyone who may have an opinion on whether the CSL will become a sought after and coveted model ( I know in many ways it already is ) Ala' Porsche 964 RS and M3 Evo sport and so command similarly strong money. I really can not see these cars dropping much below 20K before they start to rise again, one of the last cars of this type maybe?
You are right that they proberbly won't get any cheaper than 20k (for high mileage examples). IMHO the car they are closest to in conseption is the E30 M3 Evo and they are now comanding very strong money. In time yes they will rise in value due to what they are and the limited numbers that were built. When and at what rate they will go up is a good question. The fact that it is a great car to drive is also a bonus.
GTWayne said:
I am looking to buy an '04 CSL in the only proper colour, it is well sorted and well known. I have been swatting up on the model for eons and now feel it is the way for me to go. I have owned a multitude of cars over the years as I am sure many on here have. I have been well into my T/D's over the past few years and now is the time to scale down my collection and acquire the all conquering CSL.
The question above is aimed at anyone who may have an opinion on whether the CSL will become a sought after and coveted model ( I know in many ways it already is ) Ala' Porsche 964 RS and M3 Evo sport and so command similarly strong money. I really can not see these cars dropping much below 20K before they start to rise again, one of the last cars of this type maybe?
Interesting question...depends on your definition of "investment". I wouldn't buy one thinking they will rocket in value, though I think they are near the bottom of their depreciation curve and will depreciate at a significantly reduced rate than a similarly aged 996 / M3 for example car. May stabilise and begin to creep up, who knows ? The question above is aimed at anyone who may have an opinion on whether the CSL will become a sought after and coveted model ( I know in many ways it already is ) Ala' Porsche 964 RS and M3 Evo sport and so command similarly strong money. I really can not see these cars dropping much below 20K before they start to rise again, one of the last cars of this type maybe?
Pro's: Limited numbers should maintain a minimum mkt demand , "special" feeling / use of materials, badge, noise, no e90 version.
Cons: limited motorsport pedigree (it's no 964RS / Evo Sport), gearbox splits opinion
Personally, I think now is a great time to buy price wise. Get a reasonable mileage car (in warranty) and as long as long as you dont put starship mileage on it and look after it, it is probably one of the biggest performance bargains if depreciation proof / performance motoring is your goal...
all imho of course
Edited by Yanto on Tuesday 8th September 23:22
Interesting question, think the biggest pro is the limited number made.
BUT, there are some BIG cons, Biggest being it was not much quicker than the "cooking" M3, secondly the Gearbox splits opinion and certainly does not have as broad an appeal as the standard manual box that the "real" collectibles have - 911 GT cars and RS's and E30 M3's
Personally think its a decent place to put your cash, but it will continue to slowly depreciate for a long time to come yet.
BUT, there are some BIG cons, Biggest being it was not much quicker than the "cooking" M3, secondly the Gearbox splits opinion and certainly does not have as broad an appeal as the standard manual box that the "real" collectibles have - 911 GT cars and RS's and E30 M3's
Personally think its a decent place to put your cash, but it will continue to slowly depreciate for a long time to come yet.
finmac said:
Interesting question, think the biggest pro is the limited number made.
BUT, there are some BIG cons, Biggest being it was not much quicker than the "cooking" M3, secondly the Gearbox splits opinion and certainly does not have as broad an appeal as the standard manual box that the "real" collectibles have - 911 GT cars and RS's and E30 M3's
Personally think its a decent place to put your cash, but it will continue to slowly depreciate for a long time to come yet.
+1 agree with all of the above. As good as any car to chuck some money at but I fimrly believe that its not free from deprication. After all the CSL isn't soaked in that much racing heritage BUT, there are some BIG cons, Biggest being it was not much quicker than the "cooking" M3, secondly the Gearbox splits opinion and certainly does not have as broad an appeal as the standard manual box that the "real" collectibles have - 911 GT cars and RS's and E30 M3's
Personally think its a decent place to put your cash, but it will continue to slowly depreciate for a long time to come yet.
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