Not Ranked
A couple of things. Lowell W. is right on the $$$. You can buy a lot of Cobra for less than $65K. If you look at some of the posts I have put up on asking prices over the past couple of years, most SPFs, in good condition, bring around mid $40s. There have to be some great cars in that group.
A long term mortgage idea is probably not a good one. At $65K, you are going to lose money on this car at some point, and you are probably not going to keep it 15-30 yrs., either. This means you will probably be "upside down" in this investment (mortgage is greater than the value of the car) when you go to sell it.
I am speculating, but I would venture to say that the average time of ownership of "originally" purchased cars is around 3-5 yrs.
Even on a good car like an SPF, chances are you will take a $20K hit in three years. I doubt that you will have that much, if any, equity in the car by using a traditional long term mortgage. Most of your monthly contribution will go to paying the interest.
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