I LOST £1,200,000 BUYING SUPERCARS

In today's video I take you through the story of how I lost £1,200,000 on a Porsche Carrera GT

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Mark McCann:

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[saltybmxer]

Thank you so much Mark. I was just about to go out at lunch and get a Carrera Gt real quick. You saved me so much time. I’m not worried about that much money. 😂😂

[alanmurtagh]

Retired Porsche Sales Consultant. In 2009, we had THREE Carrera GTs in our US showroom. All with less than 15 miles on them. They were locked and not available to even sit in. I sold one, listed at $440, 000 for $370, 000. Not my decision. We were not allowed to sell any Carrera GT outside of the US. Someone, using US credentials purchased the other two. The next we heard about these two, somebody was looking for replacement keys as they had "misplaced" the original keys to BOTH cars. The cars location was given as " on the docks." In

[iandavis]

So still made £400k each. Didn’t lose anything, just would have made more, cars are a gamble. Still a massive win.

[BASEJPR]

Nice clickbait, not exactly losing money now is it?!

[blitzy]

Happiest man in Birmingham clip cracked me up 😂😂

[TomleyRC]

I was lucky enough in 2007 to get a few laps on a track day in a Carrera GT (driven pretty hard!). Couldn't quite get over 200mph, but we got pretty close! V10, such an animal!

[mikedemarchelier]

Why are you just now appearing in my feed? Great videos, very informative and entertaining at the same time! Hilarious editing, relatable bloke telling it like it is, I’m going to go out on a limb and subscribe, like and share with my mates! Well done, young man!

[MamayMotoventures]

I love this video. Learned a lot about the market for CGT's. Recently here in the Philippines these things are starting to pop up. Usually only 2 known CGT's here in our country. One owned by the Porsche PH Distributor. Right now it's 2 Silver, 1 Red (rumored to be delivery mileage) and 1 Yellow one.

[MikeNKez]

Love the videos mark, but nipper loves them even more. He loved seeing you in Catshill (bromsgrove) thank you for taking time to talk to him. If you don't find a buyer for the KA we will buy it for him for his learning in 5 years bless him. Your an idol and inspiration to him.

[deanchur]

Someone's probably written it already but for those that didn't see it...

Mark, the reason why they made the gearknob out of birchwood is because in the 917 LeMans race cars they made the gearknob out of wood to save weight...though I've also heard it was to protect the driver's hands when changing gears since the transmission was so hot a metal gearknob would burn the driver's hands. The wood in the CGT is a nod to that racing past.

[chrismartin]

Very cheeky title there Mark lol I was worried for you but it's easily a 10 million pound car in 20 years so you'll be kicking yourself even more then

[jakesnaith]

Mad that you had 2 CGT’s id love to know what other motors you’ve had in the past but great video mark. 👍🏻

[oliverotto]

He didn’t lose any money at all- Mark bought 2 CGT's for 245k apiece, and sold them for 600k. He made almost a million in profit on the sales in only about 5 years of ownership. Selling the cars before the values really took off to 1.1m each doesn't mean he "lost money, " he just didn’t make as much as he could of had he waited (which during a pandemic is is understandably unlikely). Clickbait title should be "I made half a million investing into Carrera GT's but could've made more had I held for two more years."

[hamiltonstrickland]

Humble man! This is one of the best lessons I've ever been taught!

[greggreg]

I remember seeing a black CGT on the street when they first came out I was breathless. especially a rare site in Canada 🇨🇦

[ccharlie]

Highly entertaining! Great story telling.

[XJGD]

Smashed it as always Mark please do a video of your rally cars and why you have them ! And are you ever going to do some rallying ?

[harrypenn]

Another brilliant episode dude really liked it sorry to hear about the family being threatened

[casper]

The wooden gear knob is a throwback to the legendary porsche 917

[DOC_]

The entire message of this is wrong. You didn’t “lose” anything though, did you? That’s like saying I would be a millionaire if I invested in Disney in 1920.