My "White Whale" (unicorn) hath surfaced...but is she on crack?

http://www.ctsvowners.com/forum/22-cts-v-s-sale/31395-fs-ok-wdt-v-wagon-m6.html

Price seems a tad high?

Looks mean. And welcome back to the conversation.

Ouch!! I'll just scratch one of those off the list.

I think you should definitely buy it and offer joy rides though.

More than a tad...

My God...its full of stars!

From looking at them on auto trader that's inline with the wagons pricing. I wish they depreciated like the coupes and sedans.

Is that a caddiwagonac?

I approve of this decision.

Greg Voth wrote: From looking at them on auto trader that's inline with the wagons pricing. I wish they depreciated like the coupes and sedans.

That may be what people are asking for them, but that doesn't mean they're selling. Look at the completed listings on eBay, there's only 3 but none have sold, even with a 50k buy it now. Looks like one guy tried listing his twice with a low starting bid, it got up to $42k but didn't meet the reserve.

The guy sounds like a douche, offer him 40 so you can hear him tell you to pound sand, pound sand, POUND SAND! He seems to enjoy doing that. If he really did get a $55k offer, he really should have taken it.

douche or not, he has a white M6 wagon. you dont. he wants $$$. you/we are in no position to criticize, just make an offer, or walk away.

-J0N

That's a 50k car in some bodies book. Not sure who's though. Local and I would do 42-45k

It's kind of amazing what the asking price is for those. I think you're seeing the price being inflated after the series of Jalopnik articles on how awesome they are, thus they aren't depreciating at the rate of the coupes.

Personally I think Mazdeuce's One Lap tale was way better but I'm fairly certain this site gets less visitors than Jalopnik.

One of the guys on One Lap had one. He loved it. He was sitting on an offer for $53k.
The chatter I hear is these are $50k cars plus or minus $5k depending on options/mileage and what not.
There are few enough of them that it's hard to get a consistent feel for pricing. A lot of them are owned by guys like me who aren't selling so that complicstes things. I'm still not sure these are ever going to be garage queen collector cars. They're great to drive and they're certainly "special" to a certain subset of car guys, but for $50k you can get much much more interesting cars to rub with a diaper.

Yeah $50k is all I have seen them for and that seems high.

You said white whale

That's a beautiful car, but I can't see it being $50,000+ beautiful. Mid $40s seems more realistic.

What would the sticker price have been when new?

That has all the options so it would have been at $70k or just over.

Nice car, absolute crack pipe price. This is one of those cases where someone who has a modified car thinks it's more valuable because of the mods. Mods usually DECREASE the value of a car, especially a car like this. You don't want one that has been messed with. I'd be weary even at $40k.

That said, CTS-V wagons rule.

Funny that people want these cars now, when a lot of dealerships had a hard time moving them when new. Our dealership had a 6MT V Wagon that they damn near gave away after it sat on the lot for 2 years.

In reply to NickD:

People wanted them when they were new, but didn't want to drop the coin on them. Those same people are waiting on the depreciation.

The problem with a lot of these weird cars is the rest of the cars in the segment. They're pretty awesome, but so were a lot of other $70k cars. Sales numbers show that people with the money to buy them didn't really think they were worth it. There are more than a few collectible cars that were like this though.
Again, I don't see these as good long term collector cars, but I think they'll always hold a premium over the sedans and coupes. Where the sedan and coupe values go, so will the wagons.

In reply to SyntheticBlinkerFluid:

I don't know if that was the issue. This year we have sold 4 C7 Z07s at $115,000 a piece. And this is in a city of 30,000.

In my quest to find a fun-but-practical DD to replace my truck next spring, I've perused the 2nd-gen CTS-V market a bit. The wagons are absolutely drawing a premium, enough that I pretty much immediately wrote them off as unaffordable for me. It's too bad, because they really are the perfect enthusiast DD, in my opinion.

I wonder if this guy is as ridiculous in person as he is on internet.

bigdreamer said: Talked to a dude that buys "old" G4's ("The" private jet) and parts them out. He wanted the car so he can sell it at the good ol' small town corner Barret J's auto auction in a few years. Sand pounder went into full swing. All while he was on the road taking his son to a formula 1 race, that his son would be competing in. Must be rough. Rich shall not get richer this time.

Reality is such an inconvenience sometimes.

Yeah the "my son is an F1 driver" phone call sounded completely made up.

The painted roof and trim and tinted windshield would knock a bunch off the value to me. It might look cool but definitely doesn't increase the value, IMHO. (plus the tinted windshield is illegal in pretty much every state.)