View Single Post
  #11 (permalink)  
Old 07-08-2009, 02:19 PM
95CobraR's Avatar
95CobraR 95CobraR is offline
CC Member
Visit my Photo Gallery

 
Join Date: Jul 2004
Location: Sandy Springs, GA
Cobra Make, Engine: Colt 1911
Posts: 276
Not Ranked     
Default

Quote:
Originally Posted by Ron61 View Post
I think some people have the idea these cars will go up in value like the 65/66 GT-350 and the 66/67 GT-500s.
I owned a 1965 GT350, and then sold it at a weak moment. I lost a lot of money based on today's value.

You probably forgot that it was 1967 before Ford (or Shelby) could squeeze a big-block in a Mustang. The first GT500 was a 1967.

After I regrettably sold my 1965 GT350, I decided to build a 1965 Mustang coupe in its SCCA Trans-Am livery. Now I have a 1965 Mustang that I have invested about four-times its market value.

I still love the car. It's been my best companion for over 13 years of racing.



Quote:
Originally Posted by Ron61 View Post
I have a friend who is a cop and he wants to get one as he thinks in a few years it will be worth a lot more.
You should show him what has happened to other owners. It is not a pretty picture.

The only newer car that I know of that has kept its value as an used car is the 2005/2006 Ford GT (and they made over 4000 of these cars).
__________________
2019 Mustang Shelby GT350 #K1868
2023 Porsche 911 Turbo 3.8
--sold the Cobra--
Reply With Quote