Author Topic: Insurance Quotes on Clubsport S  (Read 12045 times)

Offline GT4

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Re: Insurance Quotes on Clubsport S
« Reply #30 on: 20 November 2016, 19:06 »
Yes, absolutely ... as previously mentioned! £200 RFL - 40 Mpg - £220 Insurance versus £34k retail price with value circa £40/5k that's better than free motoring that's actually "profitable" motoring ... However if you consider any car costs money to run, the Golf Gti clubsport or CS-S is very frugal - when you consider other ECOTY cars the CS-S is a sound investment and compared to some others a very useable investment

Offline monkeyhanger

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Re: Insurance Quotes on Clubsport S
« Reply #31 on: 20 November 2016, 21:32 »
I do have to wonder if the inflated values are sustainable. the first few dribble through and there will be 10 people out there who will pay well over the odds to have one of those and be amongst the first to have one, as more come through, there are likely fewer people willing to pay that top whack of £45k and the price softens.

Considering the diminished practicality of the CSS, there's probably plenty of people out there that like the idea in principle but ask them to put their money where their mouth is and you'll find far fewer willing to pay £45k when the rest of the UK allocation comes through.

VW will make as many cars as they can sell. If there were 10000 people in the UK willing to strongly commit to buying one with a large deposit down, VW would almost certainly get some more made unless there was a strong reason not to (like if the CSS has a far lower profit margin on them as the main purpose of them was the PR of beating the competition around the Nurburgring etc - VW supposedly makes a thumping loss on every Bugatti Veyron sold).

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Offline GT4

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Re: Insurance Quotes on Clubsport S
« Reply #32 on: 20 November 2016, 22:25 »
Even if prices soften from £45k ... which will be dependant upon how many of the 150 want to flip or have been bought by the trade ?!! But given that only 4 cars are presently for sale, all at £45k it looks like cars will be in short supply ... even if prices fall, which I am sure they will, it's still a very strong % return on your investment.

Regarding VW building more CS-S cars that simply won't happen - it would leave any further limited car runs in contempt and devalue VW's honesty and integrity even further after the diesel emission scandal. Also, the mark 7 is up for a replacement so the sheer practicality of the manuafacture process would render the idea futile.

As a GT4 owner, I think the CS-S to follow a similar pattern and in a years time be valued around 10-20% over list price. However there has been well over 400 GT4's produced for the uk so the 150 CS-S cars will,be in even shorter supply and at a lower price point.

We live in an age and time where anything and everything is considered collectible - the RS market is very strong, even MIni cooper works cars are appreciating in value. House prices are relatively frozen, interest rates all time low. So people look to use there savings to purchase "investments" driving the classic car market and having a knock on effect on any limited run car - be it Focus RS, M2 & CS-S add to that Nurburgring record, runner up in ECOTY to 911R, finalist on Chris Harris Top Gear car of the year and you have inflated prices that will stay that way until the classsic car market softens or until interest rates rise or house prices start to increase ... Wine is also currently a good market for investment - I tried that but kept drinking the profits .... haha

Offline jjgreenwood

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Re: Insurance Quotes on Clubsport S
« Reply #33 on: 20 November 2016, 22:46 »
I can't see people paying £45k for these tbh. I might be wrong but there is reasonable supply of normal clubsport assuming people are willing to be flexible on spec etc so the question is how much more an S will be worth than one of those.

Yes it'll be worth more but not £10k more.

I also expect clubsport to depreciate as R is widely available as a used car, begging the question how much more a clubsport is worth than an R.

I agree that there definitely won't be more than 400 though, it is a limited project - of more interest is how many "normal" clubsport they eventually import.
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Offline GT4

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Re: Insurance Quotes on Clubsport S
« Reply #34 on: 20 November 2016, 22:51 »
I can't see people paying £45k for these tbh. I might be wrong but there is reasonable supply of normal clubsport assuming people are willing to be flexible on spec etc so the question is how much more an S will be worth than one of those.

Yes it'll be worth more but not £10k more.

I also expect clubsport to depreciate as R is widely available as a used car, begging the question how much more a clubsport is worth than an R.

I agree that there definitely won't be more than 400 though, it is a limited project - of more interest is how many "normal" clubsport they eventually import.

JJ - excuse my ignorance but is the normal Clubsport a limited build (numbered car) if so how many are being built world wide and how many shipped to the uk 🇬🇧

Offline jjgreenwood

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Re: Insurance Quotes on Clubsport S
« Reply #35 on: 20 November 2016, 23:00 »
I can't see people paying £45k for these tbh. I might be wrong but there is reasonable supply of normal clubsport assuming people are willing to be flexible on spec etc so the question is how much more an S will be worth than one of those.

Yes it'll be worth more but not £10k more.

I also expect clubsport to depreciate as R is widely available as a used car, begging the question how much more a clubsport is worth than an R.

I agree that there definitely won't be more than 400 though, it is a limited project - of more interest is how many "normal" clubsport they eventually import.

JJ - excuse my ignorance but is the normal Clubsport a limited build (numbered car) if so how many are being built world wide and how many shipped to the uk 🇬🇧

Yes there are less than 1000 of them for the UK, don't know globally, they have numbered plates on the drivers doors.
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Offline CraigW

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Re: Insurance Quotes on Clubsport S
« Reply #36 on: 21 November 2016, 06:56 »
I can't see the market for buying a 2nd hand car at £40k which has no back seats and has probably been tracked and ragged being particularly big. The normal clubsport makes much more sense as a used purchase

And when it comes to sell in a years time  :rolleyes: who's going to care if it was 2nd in ECOTY. 2nd is not 1st  :wink:
« Last Edit: 21 November 2016, 06:59 by CraigW »

Offline Snoopy

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Re: Insurance Quotes on Clubsport S
« Reply #37 on: 21 November 2016, 08:40 »
The car collection bubble will burst as it has done so in the past. Im quite happy to wait until it does.
Some people are paying insain silly money for some cars 993 turbos/s, GT3RS, GT4, 675LT, etc or classic 70-80-90s stuff like RS2000, mk1 GTIs, Ur Quattros, 205 GTI, Escort Cosworths etc.
You also have to remember just because it is advertised for a certain amount does not meen someone is actually paying that or if someone does you maybe waiting awhile until that person actually comes along.

looking at the equivalent renault sport megan special which has won similar praise from Monkey and similar awards to the css in the past I can see the CSS maybe depreciation very little over the next few years. The only problem will be if VW bring out a mk8 with similar handling & performance.
« Last Edit: 21 November 2016, 08:48 by Snoopy »
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Offline GT4

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Re: Insurance Quotes on Clubsport S
« Reply #38 on: 21 November 2016, 09:04 »
I can't see the market for buying a 2nd hand car at £40k which has no back seats and has probably been tracked and ragged being particularly big. The normal clubsport makes much more sense as a used purchase

And when it comes to sell in a years time  :rolleyes: who's going to care if it was 2nd in ECOTY. 2nd is not 1st  :wink:

Craig the market value is based primarily around supply and demand multiplied by market forces and as such should guarantee strong future values until market forces change as the other two denominators are pretty much set in place ... regarding using "no back seats" as a reason not to buy, this is not true as all CS-S were allocated pretty much before launch. You say that values will drop as cars will be "ragged" ... in reality this will only increase the values of cars that are well maintained, the GT3 market is testament to this scenario, however there will also be a market for the "cheaper" ragged cars as they will be a lower entry point for the young kid with his heart and soul wanting a CS-S ... Either way you look, for the foreseeable future it's - Win Win  :smiley:

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Re: Insurance Quotes on Clubsport S
« Reply #39 on: 21 November 2016, 10:00 »
But given that only 4 cars are presently for sale, all at £45k it looks like cars will be in short supply ...

They aren't in short supply at 45k.  4 available and none sold is not short supply.

If all 4 sold, you may have a point.