Brands/builds most likely to hold value

[NewYorkGuy]

Here is a cobra, cost $240K to build. 0 miles. Never titled. Built this year 2016 and seller wants $199K. Where is the car hobby logic there? Build a car, dont drive it, and sell it for $40K less.

http://vi.raptor.ebaydesc.com/ws/eBa...=1469980176080

[fordracing65]

Kit cars always loose money unless the buyer is a moron.

[fordracing65]

A Shelby with a Kirkham roll bar and body. Lol.

[Antny]

Originally Posted by fordracing65

Kit cars always loose money unless the buyer is a moron.

It's "not a kit car". To wit: "Please remember, everything else on the market is a replica. This is the real thing and priced accordingly."

Yah. Someone is in some serious denial. Real thing? I don't think so.

PS - I bought my SPF #963 for exactly $45,000. Yes, they are out there, lots of them.

[RodKnock]

Originally Posted by Antny

It's "not a kit car". To wit: "Please remember, everything else on the market is a replica. This is the real thing and priced accordingly."

Yah. Someone is in some serious denial. Real thing? I don't think so.

I've become so numb to these statements that they don't even register with me anymore. You just have to remember, they're used car sales people.

Originally Posted by Antny

PS - I bought my SPF #963 for exactly $45,000. Yes, they are out there, lots of them.

Thank you. A real data point.

Again, to reiterate my point, the Cobra replica market tends to be soft. So ANY Cobra replica can be purchased for FAR less than asking price for a quick and easy transaction.

[Antny]

Originally Posted by RodKnock

I've become so numb to these statements that they don't even register with me anymore. You just have to remember, they're used car sales people.



Thank you. A real data point.

Again, to reiterate my point, the Cobra replica market tends to be soft. So ANY Cobra replica can be purchased for FAR less than asking price for a quick and easy transaction.

Yup, bought mine about 6 months agao. To clarify; mine's a small block (392 Ford Racing), not a big block. (I didn't want a big block.) But I suspect a BB can be had at a similar price point if one tries hard enough. If I ever sell mine (doubt it, this has been on my bucket list since 1972 or so!), I'd be surprised if I was able to recoup my purchase price. Like you said; these replicas are being built every day, brandy new, ready for waiting customers to say yes. There is no shortage of them. Want one? All one needs to do is pick up the phone and call a dealer. Boom, done. So unless something changes to this very ample supply and demand chain, prices for these will always remain relatively low and negotiable. I think we go into these replicar purchases with the understanding that it's a fun thing that costs money, like boats, etc.

[RodKnock]

Originally Posted by Antny

Yup, bought mine about 6 months agao. To clarify; mine's a small block (392 Ford Racing), not a big block. (I didn't want a big block.) But I suspect a BB can be had at a similar price point if one tries hard enough. If I ever sell mine (doubt it, this has been on my bucket list since 1972 or so!), I'd be surprised if I was able to recoup my purchase price. Like you said; these replicas are being built every day, brandy new, ready for waiting customers to say yes. There is no shortage of them. Want one? All one needs to do is pick up the phone and call a dealer. Boom, done. So unless something changes to this very ample supply and demand chain, prices for these will always remain relatively low and negotiable. I think we go into these replicar purchases with the understanding that it's a fun thing that costs money, like boats, etc.

I totally agree.

And one more point. When money has been literally free for the past 8 +/- years, the stock market nearly at an all time high, prices of luxury items like Cobra replicas, tend to be good. I think most of us have forgotten the last time interest rates were high. There will be another day, when interest rates rise, our Cobras won't be selling as well.

[twobjshelbys]

Originally Posted by NewYorkGuy

Here is a cobra, cost $240K to build. 0 miles. Never titled. Built this year 2016 and seller wants $199K. Where is the car hobby logic there? Build a car, dont drive it, and sell it for $40K less.

That's not what it says. it says it would cost over 240K to rebuilt it the same way today.

[NewYorkGuy]

Originally Posted by twobjshelbys

That's not what it says. it says it would cost over 240K to rebuilt it the same way today.

same way today?
We are in 2016.

[RodKnock]

Originally Posted by NewYorkGuy

same way today?
We are in 2016.

You simply don't understand. The car is CSX4413. Shelby is building the 6000 series now. 4413 was purchased many years ago, when the roller was NOT $160,000 or whatever it is today. As an example, my roller Kirkham was $60,000-ish in 2007 and now Kirkham rollers are $100,000. So the cost to duplicate my car TODAY would be $40,000 more than 2007. Get it?

The interesting thing to me is that, here again, the new/"used" CSX market is $199,000 and under.

[NewYorkGuy]

Originally Posted by RodKnock

You simply don't understand. The car is CSX4413. Shelby is building the 6000 series now. 4413 was purchased many years ago, when the roller was NOT $160,000 or whatever it is today. As an example, my roller Kirkham was $60,000-ish in 2007 and now Kirkham rollers are $100,000. So the cost to duplicate my car TODAY would be $40,000 more than 2007. Get it?

The interesting thing to me is that, here again, the new/"used" CSX market is $199,000 and under.

Ah. Gotcha.
So the body/frame sat around for years. Then someone commissioned to finish the kit car in 2016.

[RodKnock]

Originally Posted by NewYorkGuy

Ah. Gotcha.
So the body/frame sat around for years. Then someone commissioned to finish the kit car in 2016.

Correct. The roller appreciated. And someone will be making a profit or already has.

[moore_rb]

Originally Posted by NewYorkGuy

Here is a cobra, cost $240K to build. 0 miles. Never titled. Built this year 2016 and seller wants $199K. Where is the car hobby logic there? Build a car, dont drive it, and sell it for $40K less.

http://vi.raptor.ebaydesc.com/ws/eBa...=1469980176080

No, that car would cost YOU (aka: The average weekend garage mechanic schmo, who pays retail for everything) 240k to replicate - It didn't cost C&C and Denbeste that much, and it is absolutely not being offered on Ebay at $199k without some profit built into the price...

That car has about 140K in Wholesale cost and labor wrapped up in it- C&C Auto probably brokered the build at about $160k, which spun up a fast, easy payday for Kirkham, SAI, and Denbeste...

My guess is that the first person who enters 175-180k, and hits the "make offer" button will have bought themselves a car. Since this one is being offered by it's "originating" Wholesaler, it hasn't had time to be be marked up by a whole series of flippers, each one trying to chisel another 10k out of the end market.

In that 180k range, and with the added bonus of licensed Shelby continuation documentation, this car might actually be a good deal for someone who actually WANTED a polished car with the word "Shelby" instead of "Kirkham" splattered all over the documentation.

Plus, C&C is probably anticipating a buyer that will use their partnering finance company on a 15 year classic car loan (which generates a small kickback of the finance charges, back to the seller)

And, of course the buyer will be out of state (or out of country), so an inflated "closed trailer delivery fee" can be tacked on...

There's still lots of chicken on this bone....