Someone buy this poor GP

http://portland.craigslist.org/wsc/car/375463778.html

 

"If you have the means, I highly recommend picking one up."
-- Ferris Bueller

 

$36K? Wasnt msrp on these in the area of $31k ?

 

Considering you cannot, and will not be able to ever get one any other way...$36k seems reasonable.

 

It may seem reasonable to you but I bet a case of beer that the car either does not sell, or it sells closer to msrp in 2007. Sure it might appreciate 20% in the next 4 or 5 years but not in the timeframe of 9 months. The maket dictates what is reasonable and that is what someone is willing to pay...

 

Considering it has 89 orginal miles, I think it's a reasonable ASKING price... it will probably go for 32ish.. but still. Someone prolly paid a lot of interest (or lost potential investment income) on it.

 

Ah, I didnt see the mileage!!! In that case, i agree $36k is fair asking price. I must need glasses, I drooled a ton while looking at those pics but didnt note the mileage.......im sorry if i poopoo'd on the thread a little, it wasnt my intention at all...

 

yeah thats what makes it so rare... never registered

 

How can it never have been registered?

 

I guess get the temp tags and when those run out, just not get plates? Other than that, not sure. I got my car in WA but it was never registered there.

 

Now that's an interesting question.

 

You can buy a car in another state and not have to get it registered by the dealer or pay the sales taxes if you can present an out-of-state driver's license. Obviously, the intent of the current owner was was to churn the car for a fast profit. I hope he sits on it for awhile (double entendre intended).

Lots of folks doing the same thing with the GT500s. You see more for sale in the want ads at 15-20k over msrp than you will ever see on the street. A real waste of fine automotive machinery which should be driven , not placed in an investment portfolio.

 

I know about the out-of-state purchase, but that wouldn't explain the low mileage.

 

My guess is that the person selling the car works for rasmussen and is able to pull a few strings to keep the car.

It's pretty late in the ship date..... 1800's at least

 

The problem with "intentional scarcity" is that it's hard to predict its effect on future value. The GP may never appreciate significantly because everyone knew from the start that there would only be 2000 of them, so there's a high percentage of them that either aren't being driven much at all, or are at least being kept in stock condition or with the ability to be returned to stock condition in the future.

Ducati motorcycles had something similar happen in 2000. They released a bike that was a limited run, only available via online ordering, and they sold out in minutes, even though there was going to be a long delay before the bikes were actually produced (and that delay got even longer with time). People were intially able to sell their positions on the waiting list for a good profit, and the bike was well-received by both the public and the press when it was finally released, but the market prices never really went anywhere. They're selling today for about what they cost new, so they haven't really "depreciated", other than the drop in the dollar's buying power over the last seven years, but they haven't appreciated either, much to the chagrin of owners that have kept them unridden in their living rooms for seven years.

The truly valuable collector cars seem to be the ones that were never intended to be collector's items in the first place - cars that either had unpopular options at the time that later became desirable (like the convertible HemiCuda), or cars with options that weren't *supposed* to be available at all, like a particular body colour/roof colour/stripe combination.

My 2006 cabrio was one of 147 that were mistakenly assigned 2007 VIN numbers at the factory. Of those 147, I haven't been able to find out how many made it far enough into production to actually have the wrong VIN *stamped onto* the car, but it's probably wasn't all 147. I'll be curious to see if that does anything for the value in 20 or 30 years, but I don't really care - I'm having too much fun driving it, autocrossing it, and modding it to worry about its far-future collector's value.

 

I'm glad your enjoying your Mini, it would seem cruel to keep her parked in the living room.

 

Nope I'm the only one that has one at the dealership....and I just hit 4K yesterday. I think this is a guy that buys and sells cars as a hobby. If I recall correctly he has two GPs.

 

lol dont even get me started on registering !!!!!

my car is 5 years old and never registered lol and it has 170,000 miles on it

jeez my secrets out

anyway my mother thru away my tital thing that the dealer gives you by accedent before i was able to register it, so ive had it under my dads dealer plate and name since, untill i pay off the car this september
then i get the real tital and get to register it then yayyyy!!!

 

It's hard to believe the dealership you bought your car from could't get duplicate documents for you. (Well, I guess after 5 years it would be difficult)