I got an offer for my CGT today that I bought 13 months ago for a decent amount over what I paid for it. I was wondering how the current CGT market is, values and where they seem to be going in the future.

I checked around on current car for sale, but anyone can ask whatever they want, and what someone asks and sells it for are usually two very different numbers.

Any advice?

 

If the guy is offering more than what you paid for it, than hurry up and take it. The market is pretty soft, especially on 04 CGT's with miles. Just my two cents.


Edit- The only way I see the value of the CGT rising in the future(10+ years), is if they are very low miles.

 

I'm sure the Carrera GT will be worth more in the near future. Plus, you might regret selling the best car ever built.

 

i don't know? if he can sell it for a profit and buy another and make a few bucks, its not a horrible idea?

Can you give more specifics? (year, miles, colors, purchase price, offer price?)

 

Sean what do you consider soft for a 6-5 year old car? CGTs have held up better in value than most of the entire market. The issue isn't the value; it's what are you going go replace it with that yields that level of sex appeal and performance. I know of several ppl who regret selling their CGT.

 

sell and buy another

 

agreed.

I've never made money selling my used cars. I'll do it any day.

 

I consider the fact that when the CGT first came out, some dealers had them sitting on their lots and could not get rid of them at MSRP. In fact the dealer by me sold theirs for 50k under MSRP after it sat for over 6 months. Also the cars lose between $100k-$175k depending on condition and miles, even with as few as 5,000 miles. Sure they are faring way way better than many other cars that it was competing with when it first came out. The Mercedes SLR for example.

Yeah I know a few people who regret selling the car, and a few, like my uncle, who have no plans on selling it. If this guy is being offered more than he paid for the car, and is willing to part ways with it. By all means he should go ahead.

My last two cents. Anyone who has watched the market knows that the 04's don't hold their value as well as the 05's. So in my mind, if this guy can walk away with money in his pocket, it's a no-brainer.

 

Sell your '04 and trade up to a '05 with lower miles. (if possible)
Also, I foresee CGT prices going down once the 918 hits the market...
Just my thoughts.

 

while I agree the 05 holds their value more (by default btw) there were technical reasons you could point to, to justify that. Once those were resolved, the cars are perfect.

The car retailed for $448+, and while a few dealers were sitting on them, make no mistake, that market auto-corrected once production ceased. The SLR was over $460++, with coupes in the mid to low $200's now. Shot, you could buy a brand new 722 roadster which had an MSRP of $550+ for about $200k off.

The CGTs on the other hand, you'd be hard pressed to find those in the 200's. Most still hover in the $300's.

STILL IN THE $300'S? Compare that to any other car that started out in the $400s, its tremendous.

And there is no comparison against the 918. Watch and learn as that car comes out.


I'm not a buyer but I've been watching the CGT market very closely. As an owner I'd ask myself some hard questions- and MOST CGT buyers regret letting theirs go only to pay MORE for another one with more miles.