To sell or to hold on - CSL values

[Marv968]

Originally Posted by Cosworth50

.

A 997 turbo at 40k is cheaper, quicker, better badge etc

A new m4 is cheaper and quicker and better interior

I haven't driven a 997 Turbo so can't comment on them, but I have driven an M4. I found it to be no where near as engaging to drive as a CSL. The M4 is more of a GT car, so it's not really comparing apples to apples.

[cslsuperfan]

Originally Posted by Cosworth50

The values have been over done.

Munich legends selling a 92k miles csl means a 92k mile private sale is c.£28-30k. Munich legends are the most reputable dealer that will warranty a car etc.

I don't care what anyone says but a csl at £70k is too dear. A 996 gt3 with true manual box is less for similar mileage so they've just gone too high at present.

lovely, lovely cars but prices have built in the past 12 months beyond expectations and I think they will fall back - plus many are tatty tracked examples.

A 997 turbo at 40k is cheaper, quicker, better badge etc

A new m4 is cheaper and quicker and better interior

If the bubble pops these 70k cars will halve in value very quickly

Where are you seeing these tatty csl's?

certainly not in the UK classifieds.

[nw99]

I own a 997 Turbo and the CSL.
Which car do I prefer to drive ? The CSL.
Which looks better the 997 Turbo .
Which is rarer the CSL.

[Matt21]

Originally Posted by Cosworth50

The values have been over done.

Munich legends selling a 92k miles csl means a 92k mile private sale is c.£28-30k. Munich legends are the most reputable dealer that will warranty a car etc.

I don't care what anyone says but a csl at £70k is too dear. A 996 gt3 with true manual box is less for similar mileage so they've just gone too high at present.

lovely, lovely cars but prices have built in the past 12 months beyond expectations and I think they will fall back - plus many are tatty tracked examples.

A 997 turbo at 40k is cheaper, quicker, better badge etc

A new m4 is cheaper and quicker and better interior

If the bubble pops these 70k cars will halve in value very quickly

Ok I'll take the bait. Only because I'm stuck in Chennai rush hour! All my opinion and in a friendly manner

The Munich Legends car was under priced. It's sold in hours, as did a similarly priced car on this forum with 116k. Munich Legends often sell cars by SOR and make about £2k (nw99 will know more than me!). Those two recent sales show that the price point for these cars are above £35k with this mileage, certainly not the £28-£30k you suggest

You say that you don't care what anyone says they are over priced. Says who? I guess you! This doesn't mean there is a crash coming. It's simple supply and demand, low mileage immaculate cars are few and far between and there are people willing to pay. Simple.

The Gt3 reference is flawed. Would I swap my CSL for an identical mileage and condition CSL? Probably yes. But like for like they are still £10k more, and are sold in much higher numbers than the CSL.

Tatty track examples? As already said where?! Yes most have seen a track but that bares no resemblance to condition unless someone buys it as a weekend track slag, and I'm sure GT3s are no different

The 997 Turbo point is also irrelevant. Yes there are cheaper, but totally different. They are great (just bought one) but more of a GT, almost mass production. I see a 997 Turbo almost daily. How often do you see a CSL on the road day to day? Yea they are faster but so what? Badge is irrelevant

M4 also a pointless reference point. My old M135i on paper was a match for the CSL, and frankly round a track with my limited driving expertise would be quicker. But again so what? there will be very few people faced with the dilemma of new M4 or used CSL. It's chalk and cheese. Same argument on 996 GT3 RS and 991 Turbo, and for that matter most other desirable "classics" vs their younger brothers.

Apart from the fact you think the bubble will burst (maybe cause you missed the boat!) what is there to suggest this will happen?

I'm no economist, but things are very different to the crash of the early 90s where people were financed up to their eye balls. You wait til US can buy these cars then watch prices!

All in all I am not naive enough to thing things will continue at the current rate, hence my thread. Yes maybe there will be a mild correction in the short term, but the case for prices holding far outweighs the crash case. I'm glad you have found another car, but please don't sit around for the £35k 20,000 miler. It will never happen! Out of interest what did you buy?

Anyway traffic finally moving. Some poor sod knocked off him motorbike which blocked the road. Looking forward to getting home and driving the CSL before that bubble bursts

[billyboysm3]

A car is worth what anyone is willing to pay.

A mint CSL will change hands without even being advertised on the forum.

If I still had a CSL I would be driving it everyday rather than keeping it on charge in the garage.

THEY ARE F**KING AWESOME CARS and even at todays prices you cannot buy anything like it.

[cslsuperfan]

Originally Posted by billyboysm3

A car is worth what anyone is willing to pay.

A mint CSL will change hands without even being advertised on the forum.

If I still had a CSL I would be driving it everyday rather than keeping it on charge in the garage.

THEY ARE F**KING AWESOME CARS and even at todays prices you cannot buy anything like it.

Agree 100% Billy, especially keeping the CSL on charge in the garage instead of driving her.

Just preserving the car for its next owner.

[MarcM]

Originally Posted by shimmy

trouble is, judging a cars value on it's speed or style of interior or even he badge isnt necessarily the best way to judge its value. the older they get, the less all that matters

ive no idea if prices will crash or not but what i do know is there are very few recent cars that have limited numbers and stick in the memory and desire of so many previous owners way after they have managed to go through a whole list of porsches, ferraris, etc. That sort of following sticks and grows as word develops. Im willing to bet that the CSL becomes the most sought after and valuable production car ever made by BMW loing after the F80 is used as a taxi, the 997turbo is the fav or every Luton bad boy and the E30 has rusted into the ground

Yup, agree. EVO Mag issue 219 has an article on the E46 M3 CS, still highly regarded and given 5 stars after all this time.

[Has csl]

I've had an E30 m3 Evo I, porsche 993 c2 with modded suspension and exhaust, a porsche 964 with a 3.8L engine. None of the cars above matches the CSL in terms of handling, balance and speed. All the above had their merits, but what happened was, I sold the CSL in between owning the porkers, and bought the CSL back. And now Matilda is in showroom condition. Sometimes I look to see what I could replace her with, but there is nothing out there that won't feel mass produced and with rarity kudos of the CSL. As long as there are petrol heads, the CSL will always be regarded as one of the greats. All in my humble opinion off course.

[cslsuperfan]

Originally Posted by shimmy

trouble is, judging a cars value on it's speed or style of interior or even he badge isnt necessarily the best way to judge its value. the older they get, the less all that matters

ive no idea if prices will crash or not but what i do know is there are very few recent cars that have limited numbers and stick in the memory and desire of so many previous owners way after they have managed to go through a whole list of porsches, ferraris, etc. That sort of following sticks and grows as word develops. Im willing to bet that the CSL becomes the most sought after and valuable production car ever made by BMW loing after the F80 is used as a taxi, the 997turbo is the fav or every Luton bad boy and the E30 has rusted into the ground

Shim

post of the week!!

Prediction for when the CSL reaches this status?

Only I'm getting the 6 year itch and would hate to miss out!!!