An 05 with 8k miles for $137! Anybody know of Cats Exotics? Are they legit?




http://cgi.ebay.com/ebaymotors/2005-...QQcmdZViewItem

 

look at 360s their values have dropped a solid 20% in a matter of months. few have excess cash, and those that do are weary of making frivolous purchases in case things get worse

 

the 6speeds have taken a beating compared to the F1's. There are two sitting at the dealership that would have been sold if it were F1's.

I guess the F1's are in demand more so than ever.

 

Cats? Very well known and legit.

 

F1s have taken a proportional beating too. Manual transmission cars have always had a FMV less than F1 cas just as they have a base price less than F1 cars.

Everything is falling like lead balloons. It's officially a bloodbath.

 

Cat's Exotic is legit. They are in Seattle. I sold my RS4 through them.

 

Where's the bottom????

 

I bought a Lambo from Roy Cats. Good guy.

 

I'd say that's a GREAT deal but... maybe it will be $110K in a few months?

Cat's is very legit. That car looks great.

 

Nothing is being spared....todays deals are tomorrows high prices....

 

well that's an impossible one to answer since you only know there's been a bottom after it's bounced...i don't think the high end car market is all that different from other markets in that there may be a few 'bottoms' along the way. the problem with cars is that for the most part they are depreciating assets so a bottom for a bmw may just look like a slowdown in the rate of depreciation. i guess you could argue differently for a ferrari, but i always had a problem with that logic since ferrari values often seem to be boosted up by 'bubble' wealth, which for now seems to be gone. plus it's just not cool to be really flashy with wealth right now, at least not in the states, and that perception change may be with us for a while.

so my own guess--we're probably seeing some sort of bottom here with prices down so deeply and so quickly, but i think it's a permanent repricing of assets that are in less demand going forward so i would not expect a bounce...just some sort of stabilization. it does 'feel' that for normal high end cars there are some buyers lurking around at these prices. my anecdote--i inquired about an s4 avant in the bay area a few days ago, and the guy just sold it for his (reduced) asking price last weekend. i think some of this is starting to go on to clean up some of the overhang.

 

Spoke to a dealer yesterday who told me that you can even find 599's at MSRP now.

 

Trying to determine bottom is like trying to catch a falling knife.

 

more like a falling safe......

 

great deal for that car