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CC Advertisers
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10-23-2013, 09:19 AM
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Senior Club Cobra Member
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Join Date: Jun 2000
Location: Gilford,
NH
Cobra Make, Engine: FFR 302 carb
Posts: 8,121
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Not Ranked
Saw this ad..
1965 AC Cobra (CSX 2414) White with red interior. Probably the finest original Cobra in existence... only 10,042 original miles. Original spare. Original radio, top and side curtains. Original window stickers. $85,000.00
Call Mark Smith at Old Philadelphia Motor Co.
This ad was listed in Car Collector and car classics magazine. Date May 1987.
Mike
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10-23-2013, 09:48 AM
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CC Member
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Join Date: Apr 2003
Location: Vero Beach,
FL
Cobra Make, Engine: COX 6111 - '66 "AC 289 Sports."
Posts: 1,572
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Not Ranked
That same car was displayed at the 2012 Pebble Beach Concours - and it's nice.
__________________
Ned Scudder
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10-23-2013, 02:23 PM
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CC Member
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Join Date: Aug 2013
Location: Orem,
UT
Cobra Make, Engine:
Posts: 87
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Not Ranked
Um, your link goes to a Cobra pin not a car...
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10-23-2013, 03:54 PM
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Registered User
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Join Date: Jun 2006
Location: Bono,
AR
Cobra Make, Engine: S C Motorcars
Posts: 49
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Not Ranked
Not his link, VigLink.
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10-23-2013, 04:28 PM
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CC Member
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Join Date: Aug 2013
Location: Orem,
UT
Cobra Make, Engine:
Posts: 87
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Not Ranked
I see that now. I've never noticed those before I guess...
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10-23-2013, 11:04 PM
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CC Member
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Join Date: Jan 2009
Location: Jonesboro,
AR
Cobra Make, Engine: Backdraft 874 solid red Roush 427 small block 515 hp
Posts: 572
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Not Ranked
Years ago, there was a guy that was a financial planner and retirement guru who found a loophole in retirement plans. I was not a CPA or CFP(tm) then and I think it was a Keogh plan.
A real Cobra was $50,000 then. The guy was Jim Southard. I wonder if anybody has any knowledge of how the IRS viewed the deal.
He used to have big ads in Hemmings in the early 70's.
__________________
There were no atheists in the foxholes.
Last edited by rpatton3; 11-02-2013 at 10:30 PM..
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10-24-2013, 04:09 AM
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Senile Club Cobra Member
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Join Date: Feb 2001
Location: Buffalo, NY USA,
NY
Cobra Make, Engine: Superformance
Posts: 4,566
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Not Ranked
Quote:
Originally Posted by rpatton3
Years ago, there was a guy that was a financial planner and retirement guru who found a loophole in retirement plans. I was not a CPA or CFP(tm) and I think it was a Keogh plan.
A real Cobra was $50,000 then. The guy was Jim Southard. I wonder if anybody has any knowledge of how the IRS viewed the deal.
He used to have big ads in Hemmings in the early 70's.
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I do believe Mr. Southard became a "ward of the state" due to several issues if I recall correctly, but I may be mixing him with Larry Megabow who for sure was incarcerated.
__________________
"I'm high all right, but on the real thing....powerful gasoline and a clean windshield..."
rick@autoventureusa.net
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11-02-2013, 10:37 PM
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CC Member
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Join Date: Jan 2009
Location: Jonesboro,
AR
Cobra Make, Engine: Backdraft 874 solid red Roush 427 small block 515 hp
Posts: 572
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Not Ranked
It is very hard to put rental property, collectibles and art in any retirement plan.
Russell Patton, CPA, CFP (tm)
__________________
There were no atheists in the foxholes.
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11-02-2013, 11:11 PM
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CC Member
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Join Date: Apr 2003
Location: Vero Beach,
FL
Cobra Make, Engine: COX 6111 - '66 "AC 289 Sports."
Posts: 1,572
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Not Ranked
Quote:
Originally Posted by Mark IV
I do believe Mr. Southard became a "ward of the state" due to several issues if I recall correctly, but I may be mixing him with Larry Megabow who for sure was incarcerated.
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You are correct - both spent time as guests of the government in the big house.
__________________
Ned Scudder
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