Dont base your opinion on what people say on the net. If you love the car and can swing it get it. For what you want it for nothing else out there compares IMO.

 

Robert,
a used car is different story. since the dealer doesn't own the car they can ask for whatever they want. since u live down in SD, welcome to visit the new one i was getting. i didn't get it because i changed my mind on the color in the last minute, my bad. they still got it & won't deal below 420k. i can see a dealer selling it at cost or even less just to get rid off of it. however, a dealer dumping a new one losing 50k+ is impossible. guess we'll see next year.

 

I think the only "death spiral" is the fact that we get older each day, and every day that goes by without a GT in your garage is a day less that you get to enjoy one.

 

Why is it that we always get some junior member on the board who comes in guns blazing trying to convince everyone of the the "downward spiraling, out of control, no end in sight, slippery slope, fire sale, liquidation, blue light special" prices they are observing in the marketplace for a given Porsche model.

And what is even more perplexing is the fact that most of these people are in the market for these cars...wait, this is starting to make sense...

T

 

New and old posters alike could see the decline coming, Porsche screwed the market for this car years ago when they upped the price and production.

If you had gone to Leipzig for the car's introduction, you would have learned a great deal about it's potential and place in market. It was a "no brainer" to see that it wouldn't hold the applied price (note I didn't say value).

$375K was always a fair price for 1000 units, but at the increased volume and price, 1500 units and $448K, they upset the momentum they had created, turning positives into negatives, and chased potential customers away.

Subsequently, Porsche reduced the production volume, but the damage had been done and potential buyers continue(d) to sit on the fence.

Search the forum this has been discussed and discussed and.....

I don't think the car will hit $200K, but Dealers will not tie up money in used ones (because of opportunity costs) and I think in a year or so you'll see the 04s going for between $250-275K, it's economics.

Those that bought the car to enjoy, will do just that and ignore the marketplace values, as well they should.

 

I think that the situation will change dramaticlly, as soon as the production stops…

 

...personally i´d pay an extra - i don´t know $$$ - JUST for the pick-up day at Porsche Leipzig when getting a brand new GT

 

It is hard to know what to do. I would like to be the original owner, but with prices dropping you could save nearly $100,000.00 buying a slightly used one.

 

I am testing the waters and found one here in Denver for 390k. It is an 04 with about 1500 miles.

 

I dont understand, this is arguably the best supercar that has come out in a while and now its price is suffering. Very strange. I cant think of a better supercar for the MSRP.

 

I agree 100%. Once all of the cars end up in the right enthusiasts hands and they fall in love with them, they will never sell their cars and the CGT market will dry up. This will probably cause the prices to stabilize at around 325K-350K range a la the F40.

Personally, I've had my car for almost a year now, and was one of those people who paid MSRP. Although, I don't particularly like losing $120k+ in one year, I have enjoyed every second of driving this car and have not regretted my decision for one second. It's just that good.

Amir

 

Awesome!

Now how many cars can you say that about???

 

I love the CGT.......is it a half-a-million $$ car? Maybe and maybe not. If I were to spend anything north of $300K....my money would go to Ferrari....a late model F40 would do just fine in my garage. It's an icon....period.

 

Excellent analysis. The car was overpriced from the get-go and the problem was compounded with the doubling of production.

I also agree with Amir. Initially, many of these cars were purchased by speculators and non-hardcore enthusiast. Recently, the market is graviating to the hard core element and as the prices fall they will jump in a buy. Once the car is in their possession, most will not sell and essentially the market will dry up TEMPORARILY.

However, when the warranty begins to run out, the stampede to unload the car will begin again and prices will fall even further. The future is not bright for this car. After all, it is a Porsche and most Porsche's take huge depreciation hits.

 

Can you get me some of those drugs ?