CAV stands for California Advanced Vehicles and I believe that they import the TKM (Turnkey Minus cars) into the US from South Africa without the drivetrain (similar to Superformance and a few other mfg's in South Africa). I think the CAV's TKM sells for 60k and it's breathtaking. Also, I think you could also buy ERA's GT40 TKM for around $80k-$90k. ERA and CAV are pretty well known and respected so their cars should sell for a premium compared to one whose mfg is unknown or at least unstated in the ad. If it doesn't have the mfg's imprimatur, it's anyone's guess who put it together in New Zealand. A car like your friends probably has a lot of great selling points that are simply not known by the present owner, and upon further research, he might find that the car has characteristics that might make the current selling price seem cheap, but I just don't know enough about the GT40s.
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