How much for high mileage CGT?
Discussion
Three years ago this month I was on the verge of buying a high mileage CGT. Think it has about 50k on the clock. But it had been looked after well and was a UK car. It would have cost me around £170k (including engine out service plus we tyres). I had decided to buy it (subject to inspection by Porsche Reading) and had insurance lined up but thinking about it over Christmas I got cold feet as wasn't sure whether I would get proper use out of it (I don't have garage space for more than one toy so it would have been the only weekend car). In the end I pulled out and bought an early 911 instead. The 911 was perfect - looked great, had just enough power to be quick but not so much that I was doing three figure speeds everywhere. Plus on the road trips I did to Wales and Scotland its small size and benign handling were perfect for chucking around on the tight, country roads.
Part of me does regret not sampling the CGT though and I wonder whether financially it would have been the better option. Price for mint CGTs seemed to languish at £400k for a long time but asking prices seem to have jumped recently. Can anyone hazard a guess what a CGT with 60k on the clock would be worth today (if you could find someone to buy it)?
Part of me does regret not sampling the CGT though and I wonder whether financially it would have been the better option. Price for mint CGTs seemed to languish at £400k for a long time but asking prices seem to have jumped recently. Can anyone hazard a guess what a CGT with 60k on the clock would be worth today (if you could find someone to buy it)?
MDL111 said:
I can't help you with actual selling prices, but there was one with c 120k km listed over the summer (I tink, maybe spring) for 599 euros, and another one with c 70k km has been listed or a while for c 450-500k euros I think
Genuinely awed by the fact there are cgts with those kinds of mileages! 
Agreed. Quite a number of Carrera GT owners would never part with their car. I think it is the pinnacle of the truly analogue supercar. The likes of which we will never ever see again. I think some 918 owners are not so happy having sold their CGT's.
To answer the original question I am guessing £400 to £450K for an accident free car
To answer the original question I am guessing £400 to £450K for an accident free car
The car at Silverstones recent auction failed to sell at £480k and that had just over 20k miles albeit being a US sourced car. I'd be surprised if a 50+k mile car would change hands at anything starting with a "4" personally unless the maintenance/service history was really exceptional ie ocd full refresh by Reading kind of thing.
isaldiri said:
The car at Silverstones recent auction failed to sell at £480k and that had just over 20k miles albeit being a US sourced car. I'd be surprised if a 50+k mile car would change hands at anything starting with a "4" personally unless the maintenance/service history was really exceptional ie ocd full refresh by Reading kind of thing.
I suspect there is a big difference between asking prices and actual sales prices for higher mileage cars (or maybe they do not sell at all due to potential buyers being able to afford the couple hundred k extra for a low mileage car)MDL111 said:
isaldiri said:
The car at Silverstones recent auction failed to sell at £480k and that had just over 20k miles albeit being a US sourced car. I'd be surprised if a 50+k mile car would change hands at anything starting with a "4" personally unless the maintenance/service history was really exceptional ie ocd full refresh by Reading kind of thing.
I suspect there is a big difference between asking prices and actual sales prices for higher mileage cars (or maybe they do not sell at all due to potential buyers being able to afford the couple hundred k extra for a low mileage car)wtdoom said:
You will rarely see high mileage cgts for sale because we that have put high mileage on our cars know it's one of the all time greats and have no plans to sell .
Ever
A hypothetical question (one you might struggle with as you have so many cars and bikes Ever
) - if you could only keep one car (for fun) and you were not doing track days would you keep the CGT?In summary, had I bought at £170k I would currently be sitting on a big gain! Another less than stellar decision (from a monetary perspective).
Still, had I bought the CGT would I have done the road trips I did? Would I have found my way back onto two wheels? Would I have stuffed it (I think it has bitten much better drivers than me)? Still it would have been nice to own the ultimate road-going Porsche and something that will never be built again (don't feel too sorry for me as I do own two of the most iconic sportsbikes built and also ones that will never be repeated).
Still, had I bought the CGT would I have done the road trips I did? Would I have found my way back onto two wheels? Would I have stuffed it (I think it has bitten much better drivers than me)? Still it would have been nice to own the ultimate road-going Porsche and something that will never be built again (don't feel too sorry for me as I do own two of the most iconic sportsbikes built and also ones that will never be repeated).
SRT Hellcat said:
I think some 918 owners are not so happy having sold their CGT's.
I sold my CGT when my 918 has been delivered...then I sold the 918 and I bought another CGT! As much as the 918 was a fantastic car, the CGT will always have something that all the new cars will miss, a soul!Esceptico said:
A hypothetical question (one you might struggle with as you have so many cars and bikes ) - if you could only keep one car (for fun) and you were not doing track days would you keep the CGT?
Thats a really difficult questions dn the first time ive been presented with the no track day clause . I saw your question hours ago but have really been thinking about it . ) - if you could only keep one car (for fun) and you were not doing track days would you keep the CGT?It's very hard to put my finger on one car , with track days the cgt would get the nod I am pretty (almost certain in fact ) sure . However with your evil and heartbreaking no track day clause I actually think id keep the f50 . Its a magnificent , friendly carrera gt with lower limits and more exploitable on the road at saner speeds . Yes id keep the f50 under your conditions .
Or the 73 rs , DOH!
Its a toss up between the 2 . Make me make the decision on any day and the answer will be F50 or 73RS . Wait , I must sort my self out and decide , so Put a gun top my head and I say F50 .
Sorry but iI really wanted to think about this .
Cheib said:
Just looked up the estimate for that car...it was £440 to £480k. Decent benchmark but nothing more.... the auction car could have had something wrong with history/provenance.
Nothing wrong with that car bar the mileage to sell at that price,it did sell.It is my old car,Not the best car to buy at any auction a cgt,unless you know it a 100%.Lots crashed,and expensive repair bills/parts etc if its not correct.Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff