What's the best way to sell a Cobra now?

[meat]

Originally Posted by jhv48

And 500,000 GMC Sierras have been sold!

So friggin what!

Apples to oranges.

Who gives a rats ass what a Lexus goes for or how many Ford F150's have been made.

People who believe that there's such a thing as "basic laws of supply and demand" and that that model applies to Cobras.

Originally Posted by jhv48

Cobras are a specialty car for a very limited market. They have no practical purpose (can't haul fertilizer, take the kids to school, go for groceries, take the family on trips, etc.).

Cobras are a niche vehicle for enthusiasts. They can haul fertilizer, they can take kids to school, they can be taken to the store for groceries, and I know of at least a few that have been taken on trips cross country as well.

Originally Posted by jhv48

They are an emotional experience period. And as long as there are individuals with the EXTRA DISPOSABLE INCOME to purchase these toys, their value will remain somewhat constant.

All cars are an emotional experience. Some moreso than others. There is no such thing as 'extra disposable income;' there's either extra income or there's disposable income.

Originally Posted by jhv48

They (replicas) are not now, nor will they ever be a good investment, money wise. But they are an extremely good emotional investment.

Cobra replicas are an excellent choice for an automobile. In fact, they're an excellent investment. They don't devalue like other production sports cars, they are easy to maintain, and - in the end - they're generally worth exactly what you paid for them when you go to resell them ... even after you put miles on the car.

You, my friend, need to stick with your apples and oranges; you're not really good when it comes to cars.

Your pal,
Meat.

[ENTDOC]

1 and 4 are contradictory. If supply is high or demand low ,then they will not be a good investment, in fact if you sell it for what you paid for it , it is not a good investment either. You have tied up funds that may have been used to actually increase value.

[kayakjack]

Originally Posted by ENTDOC

in fact if you sell it for what you paid for it , it is not a good investment either. You have tied up funds that may have been used to actually increase value.

If I sell my Superformance for what I paid for it, like you say - not a good investment. I know how to do better. But that's pretty good for a car.

I bought used because I didn't want to "invest" in new. Didn't want that much $ tied up in it. Also, the used car gives me a better chance to not lose anything if I sell.

For me the interesting question is - Would I have bought my used Superformance if I knew it would depreciate like most cars. ie - be worth nothing in a few years. I don't know. Maybe not.

[ENTDOC]

they are an investment in living, nothing more

[patrickt]

Originally Posted by ENTDOC

they are an investment in living, nothing more

Perfect answer. I took the family to see "Hairspray" at Neil Simon's theater on Broadway a few weeks ago and spent more on that damn play then I spend on the Cobra in a year. Believe me, I get a zillion times more pleasure from my Cobra than I do sitting watching a Broadway play. But both are indeed "investments in living."

[kayakjack]

Originally Posted by ENTDOC

they are an investment in living, nothing more

Exactly.

The fact that the values are stable is a big plus.

[meat]

Originally Posted by ENTDOC

in fact if you sell it for what you paid for it , it is not a good investment either. You have tied up funds that may have been used to actually increase value.

I disagree wholeheartedly for the simple reason that if the person with the money is looking to purchase a car, they're not looking to use that cash to invest in something that will "actually increase in value."

Furthermore, with Shelby getting closer and closer to kicking off, there is the real possibility that cars touched by Shelby may actually go up in value. It happened with Ferrari, and - while past performance is no indication of future results - there's no reason to believe that it won't happen again.

On a more positive note, you're incorrect in the belief that using the money to purchase a Cobra rather than any other car is a 'bad investment.' Cars - Porsches, Corvettes, Vipers, etc.; the fleet vehicles of the midlife crisis - are generally only worth 60% of what you pay for them in three years. In five years, they usually reach the low point - 30% of the purchase price - and stay there. A Cobra replica, on the other hand, remains at a constant value for three years, five years and - generally beyond.

Therefore, it doesn't cost you anything to own a Cobra. THAT'S a good investment.

Your pal,
Meat.

[patrickt]

Originally Posted by meat

Therefore, it doesn't cost you anything to own a Cobra.

[jhv48]

Meat-head

He just likes to see who he can get to take the bait and argue with him.

Normally I would take issue but.............

Life's too short, its 75 degrees outside so I am going to get in my "investment" and take the wife to lunch at a nice beachside cafe.

Cheers all!

[ENTDOC]

Originally Posted by meat

I disagree wholeheartedly for the simple reason that if the person with the money is looking to purchase a car, they're not looking to use that cash to invest in something that will "actually increase in value."

Furthermore, with Shelby getting closer and closer to kicking off, there is the real possibility that cars touched by Shelby may actually go up in value. It happened with Ferrari, and - while past performance is no indication of future results - there's no reason to believe that it won't happen again.

On a more positive note, you're incorrect in the belief that using the money to purchase a Cobra rather than any other car is a 'bad investment.' Cars - Porsches, Corvettes, Vipers, etc.; the fleet vehicles of the midlife crisis - are generally only worth 60% of what you pay for them in three years. In five years, they usually reach the low point - 30% of the purchase price - and stay there. A Cobra replica, on the other hand, remains at a constant value for three years, five years and - generally beyond.

Therefore, it doesn't cost you anything to own a Cobra. THAT'S a good investment.

Your pal,
Meat.

I said nothing about purchasing any other car, but I will stand by my statement that a cobra is not a good MONEY investment. They may be wiser choices than the other cars you mentioned but are by no means a safe harbor for your cash, if they were then you would see them traded on Wall Street and I am not aware of such an entity. Only Shelby cars might have potential for increase in value when shel dies, and then only if they are original sixties cars, the newer CSX cars can be had with cash and a phone call. chuck

one more thing, if you think buying anything for X dollars and selling it later for the same X dollars amounts to no cost ownership, you need to work on your economics studies, I think you missed a chapter

[meat]

Originally Posted by ENTDOC

I said nothing about purchasing any other car,

Then you're in the wrong argument.

Originally Posted by ENTDOC

one more thing, if you think buying anything for X dollars and selling it later for the same X dollars amounts to no cost ownership, you need to work on your economics studies, I think you missed a chapter

I think quite often.

As far as your statement ... you're just plain wrong.

Your pal,
Meat.

[jhv48]

Anyone want to take the bait?

Bueller, bueller?

[mikemustang514]

I bought my car in Dec. last year for $30,500. I got a great deal and everyone that has seen the car can't believe that's all I paid. Now, I'm trying to sell the car @ $28,500 because I am moving and only a few bites. I'm not going to give the car away because it is worth what I'm asking for it, I don't care what people are willing to pay. Christ, we are talking about super cars here, not toyota camrys. A beautiful big block race car that has run 100+mph in the 1/8th, (high 10sec 1/4 btw...), with a crate engine, low miles, extremely clean, nearly flawless paint....SERIOUSLY, what do you want for $28.5. Then people have the audacity to offer me $26-27...keep dreamin!

[ENTDOC]

Originally Posted by meat

Then you're in the wrong argument.



I think quite often.

As far as your statement ... you're just plain wrong.

Your pal,
Meat.

afraid not Pal, buy for 30K, add tax , tag , gas, inflation, a few chrome goodies, then sell for 30K a couple of years later after adding the ad costs or EBAY fees and lost revenue on the 30K, even if in a money market, and viola: your 30k is now worth 20K. Pretty simple math if you ask me, or anyone with an education. An argument would assume two potentially valid sides, there is only one of those, and it is mine.

[mikemustang514]

Originally Posted by ENTDOC

afraid not Pal, buy for 30K, add tax , tag , gas, inflation, a few chrome goodies, then sell for 30K a couple of years later after adding the ad costs or EBAY fees and lost revenue on the 30K, even if in a money market, and viola: your 30k is now worth 20K. Pretty simple math if you ask me, or anyone with an education. An argument would assume two potentially valid sides, there is only one of those, and it is mine.

I have to disagree here. I bought my car from a private seller, as most of us do; that means no tax. It cost me $23 dollars to get a title and tags. To the DMV these are 40+ yr old cars. Insurance cost me $400 for the year. So I'd be out 30k +$423 bucks.

I don't think you can count gas because regardless of what car you buy you will use gas. Interest rates are pretty low now; $30 in the bank is gonna make you about $50 bucks a month. You do have to maintain the car but if it's a weekend toy there's not much maintenance except cleaning. Maybe the occasional part here or there. Oh yeah, Ebay will cost you about $100 bucks...I know I just had my car on ebay last month.

No matter how you look at it these cars are inexpensive to own. Try to buy a Ferari, register it, and insure it for a year for less than $500...Good luck. Same goes for any car of this caliber. This is why replica cobras appeal to me.

If you buy for $30k and sell for a few though less you are still ahead. These cars cost $300+ per day to rent and I keep one in my garage for much less than that.

Lets see $423/12 = $36 per month, + Gas which is about $100 per month for me. That's $136...call it $150. Add to that the opportunity cost of keeping $30k in the bank ($50...before tax) and your at $200. Then say you lose $2k in value. $2k/12 = $167 per month depreciation. Total it up and it costs you $367 a month for me to drive my cobra. Compare that to $300+ per day to rent one. I'd say its not a bad way to spend money. And, if you can sell for more than what you paid, you might be lucky enough to drive around in a cobra for next to nothing...ignoring the fact that money depreciates over time.

[meat]

Originally Posted by ENTDOC

afraid not Pal, buy for 30K, add tax , tag , gas, inflation, a few chrome goodies, then sell for 30K a couple of years later after adding the ad costs or EBAY fees and lost revenue on the 30K, even if in a money market, and viola: your 30k is now worth 20K. Pretty simple math if you ask me, or anyone with an education.

I will note that you separate yourself from "anyone with an education." That saves me from having to do so. Thanks.

Again, you're in the wrong argument ... as anyone with an education would have already figured out. But I'm going to go ahead and indulge your silliness with a simple comparison:

A Cobra, purchased for $45,000 and sold five years later is sold for $45,000. Cost of ownership: $0.00

A Corvette, purchased for $45,000 and sold five years later is sold for $17,500. Cost of ownership: $27,500.

Both cars require title, tax, tags and gas. Those aren't included, as they're irrelevant to the conversation and would have to be paid on either car.

Originally Posted by ENTDOC

An argument would assume two potentially valid sides, there is only one of those, and it is mine.

Nope. An argument 'assumes' nothing, nor are there only two sides, nor are the 'potentially valid sides.' An argument is a discussion with two or more opposing points of view.

Your pal,
Meat.