2003 2004 CSL Values

[GeorgeM]

Hello Folks,

I am in the market for a CSL and have been researching the values of these cars. Only one article written a year ago...... I cannot seem to find a guide (Haggertys) etc.... to determine what to expect to pay... A clean low mile car, 20k miles or under.... I found a few for sale but high miles and right hand models..... Any thoughts or guidance on where to determine value? Thanks in advance....

If anyone has sold one recently, low miles would you share your price range...


Regards,

George

[Mike R]

If it is a LHD one you are after, they tend to be even more than RHD models.

20k mile examples tend to be valued at £75k to £85k in RHD (there was a 10ker that went for £100k a few months ago), and well over 100k Euros for a similar mileage LHD example.

[Duck360198]

How come LHD models are significantly higher in price?

The CSL is one car I just can't get a grasp on for values. So many examples that appear to be in great condition just sit for a long time. One particular car I've been interested in has been for sale for nearly a year and the price has remained the same over that time.

[Gazza]

Sellers aren't going to give away an appreciating vehicle whatever the mileage.

You need to balance your wants and budget.

Some get very attached to their cars and wouldn't sell for any price.

If you want a low mileage garage queen then expect big prices.

There are cars out there with higher mileage that get dismissed without a viewing.

Service history is important but doesn't mean the car has been trouble free.

These cars won't appear for sale on your doorstep, you must be prepared to travel.

[Gazza]

Originally Posted by Duck360198

How come LHD models are significantly higher in price?

The CSL is one car I just can't get a grasp on for values. So many examples that appear to be in great condition just sit for a long time. One particular car I've been interested in has been for sale for nearly a year and the price has remained the same over that time.

When you say 'interested' do you mean to buy or do you 'follow' the car ?

[GeorgeM]

Thank you for some insight.... I called a local classic appraiser also and he said he didnt have a clue...... I did happen to locate a LHD with 17,000 miles.... Just trying to get a feel for its current value.... He was asking $120,000 US but I think it can be purchased for less.....

[Duck360198]

Originally Posted by Gazza

When you say 'interested' do you mean to buy or do you 'follow' the car ?

To buy. I'm being very particular in that I want a car with the fewest options possible (i.e. no AC, no xenons, no radio, etc) but everyone feels their car is better than any other and prices it accordingly. But when a car sits for nearly a year with no movement in price doesn't that mean it may be time for an adjustment?

I could get a RHD car optioned the way I want, but not sure I want a RHD car. I feel the novelty would wear off...but for several thousand off maybe it's worth it??

[GeorgeM]

Duck,

So the car that has been sitting, can you please tell me what they are asking for it... and miles.... thank you in advance

George

[Mike R]

Originally Posted by Duck360198

How come LHD models are significantly higher in price?

The CSL is one car I just can't get a grasp on for values. So many examples that appear to be in great condition just sit for a long time. One particular car I've been interested in has been for sale for nearly a year and the price has remained the same over that time.

Because the European market seems to appreciate the significance of the CSL even more than the UK market does and places a higher value on it.

If you do a quick search on this forum, you will find links of LHD cars that have come up for sale and the prices they are asking are often 10-20% higher than the equivalent RHD cars. I think it is purely a case of supply and demand. There is a higher demand for LHD cars (due to more countries driving on the right than the left), and due to the limited production run of these cars (only 823 LHD / 535 RHD, where 422 came to the UK, so a glut of CSLs by comparison to the rest of the world), which means globally there were 936 cars to fighter over - obviously significantly less now that the car is in excess of ten years old where several would have been lost in accidents), so due to this scarcity you get one of two scenarios - when cars do come up for sale, they are either priced extremely high because (especially in Europe), where the cars have a bit of a cult following or if they are in a country that doesn't really know what one is (there was one from the middle-east recently that seemed to be priced very low), a bargain can be had.

[Duck360198]

Originally Posted by Mike R

Because the European market seems to appreciate the significance of the CSL even more than the UK market does and places a higher value on it.

If you do a quick search on this forum, you will find links of LHD cars that have come up for sale and the prices they are asking are often 10-20% higher than the equivalent RHD cars. I think it is purely a case of supply and demand. There is a higher demand for LHD cars (due to more countries driving on the right than the left), and due to the limited production run of these cars (only 823 LHD / 535 RHD, where 422 came to the UK, so a glut of CSLs by comparison to the rest of the world), which means globally there were 936 cars to fighter over - obviously significantly less now that the car is in excess of ten years old where several would have been lost in accidents), so due to this scarcity you get one of two scenarios - when cars do come up for sale, they are either priced extremely high because (especially in Europe), where the cars have a bit of a cult following or if they are in a country that doesn't really know what one is (there was one from the middle-east recently that seemed to be priced very low), a bargain can be had.

I get the supply and demand, I get the more LHD drive vs RHD countries, and I've done my research to see how much more expensive the LHD cars are. If this was a mass produced car, I would get the larger price differences. But the fact that the car is such a low production car, I just can't believe the massive difference. The RHD car I want is 27% less expensive than the LHD car I've found...and the RHD car has 12k less miles! It's just insane to me. I mean honestly, for 27% less is it worth it to have a car spec'd exactly the way I want, but with the steering wheel on the "wrong" side!? I also look at it as an investment too. If it's 27% now, what will it be in 10 years? Just a tough car to gauge.