Originally Posted by ford5061
I have sold immaculate xb gs sedans for that sort of money
It is a sad day when wheels are worth more than entire cars
I don't mean to offend people but i cannot wait till this bubble bursts and the values plummet (i wish it would happen soon) then you watch all these investors sell their cars so actual ford fans and enthusiests can afford them again
I guarantee lots of cars are bought by people not even interested in the history of the model or even like of the car they just bought it as an investment to lock away till payday comes causing the prices to rise and the fans to miss out
go on say it
i am jeleous yes i am i do not have mega bucks to buy an over inflated priced car
How can you say that people that buy these cars are not Ford fans. To buy a car for pure investment does not make sense. People who have the cash to spend on these cars have it for a reason. And investing in cars is not that reason.
I invested 60k in a property 6 years ago. If I had bought a GT HO with that cash I would of doubled my money. A good investment NOT. I borrowed 40k from the bank and bought land for 105k. A block sold in my estate last week for 360k. thats a whole lot more than what I paid for mine. Take of the 40k I borrowed plus intreast, say 20k, means over 6 years my 60k has gone up 5 times.
Lets look at this investment GTHO 3 closely(numbers are aprox ball park).
Cost new in 72, 5k.
Value in 78/9, 8 to 10 k, new Cobra 5.8, 12k.
Value in 81, 15 to 20k. XD ESP 5.8, 21k.
Value in 91, 40k, EB GT, 55k.
Value in 97, 65k, EL GT 65k.
Value today, 100 to 120k, New GTP about 70k.
That means the net present value of my 5k in 72 is about 70k today. The investment took over 30 years to double. The numbers work out the same if you look at wages. A Fairmont was about a years pay in 72 and its about a years pay today, for the average guy that is.
These cars will only ever survive if they go up in value. I would not entertain spending 15 to 20k restoring a car if I didn't think I was at least going to get my money back.
If your going to wait for "the bubble to burst" then it will be a long time coming. When my generation is in the grave, about 30 to 40 years. Thats unless the economy dives and then we will all be in the poo.