Superformance Values

Mulv · #1 (**permalink**) 12-05-2008, 08:44 AM

I bought my Superformance car in 2002 with 1300 miles, a real 427 FE with Shelby heads and cam for high $40's. I sold the car to Mobilenuke for mid 40's and he hated it so much he wrecked it on the 60.. I made up that last part.

My car cost $105K when it was built and there was a much stronger economy when I bought it, so I paid a lot for it. I would guess that a used SPF would be in the low to mid $30's right now if you could find anyone to buy it at all. I just had a friend offer me a 1999 911 factory Aerocoupe car, black over black with proper 19" wheels and HK springs - a 6 speed car- really super nice car. It is worth somewhere between $13-16K, I can buy a similar car through Penske for under $20K even with their markup. It was $101K before tax... People are not buying new cars at all, drive down FLW and see if anyone is in the car lots. If they are not buying basic transport, they are not buying toys... Sorry, that is the truth. Hold on to the car for 24 months and it will be better.

csx4910 · #2 (**permalink**) 12-05-2008, 11:32 AM

I understand all of those things. You all are preaching to the choir. I also know there are people that still have disposeable income that are buying things. I completely agree and will not argue about being a bad time to sell but every situation is different. I am thinking about putting it in one of the auctions. Even with prices being down 20% so far with earlier auctions, they still attract the buyers that have more money than brains as well as deep pockets. If I end up keeping it for a couple of years I am okay with that. I just picked it back up from the shop and with the paddle shifters being adjusted right it is a blast to drive.

RedBarchetta · #3 (**permalink**) 12-05-2008, 01:30 PM

Quote:

Originally Posted by Mulv

I would guess that a used SPF would be in the low to mid $30's right now...

IMHO, I think that's too pessimistic. Most any used SPF that is running and in excellent condition will bring $40K all day long. Add SB-100 credentials like you need in Cali and it's even more a slam dunk at that level.

Until you see a drastic drop in the base price of a new roller (that isn't happening anytime soon), then there will continue to be good, pre-owned bargains to be found in this economy.

CSX4910, keep enjoying those drives!

mrmustang · #4 (**permalink**) 12-05-2008, 01:57 PM

Quote:

Originally Posted by RedBarchetta

IMHO, I think that's too pessimistic. Most any used SPF that is running and in excellent condition will bring $40K all day long. Add SB-100 credentials like you need in Cali and it's even more a slam dunk at that level.

The SB100 adds value only to someone living in California, outside of that state, it has no value at all. As for prices right now, those that I know have sold (private sale to private sale) have been as low as $33,000 (351W/385hp crate engine with TKO500 transmission, mid teens chassis number, silver but cannot remember if it had stripes or not, and the usual gaggle of options) and as high as $52,000(427FE powered car with a TKO500 or TKO600 transmission, blue with white stripes and again the usual options list). A few in between in the 38K-41K range which seemed to be the sweet spot up until 6 weeks ago......Have not known any to be selling higher than that 52K since the first week in September.

Bill S.

csx4910 · #5 (**permalink**) 12-05-2008, 02:22 PM

Yet several have been sold at auctions this year for $55-88K (all superformance). I will wait and see. I am not going to argue with anyone until after I sell. I may be wrong, I may be right. It depends on the buyer. Just like there have been CSX cars this year sell for $69000 and some sold for $130000. It all depends on the car and the buyer

RedBarchetta · #6 (**permalink**) 12-05-2008, 04:14 PM

Quote:

Originally Posted by csx4910

Yet several have been sold at auctions this year for $55-88K (all superformance).

Your car is certainly in a different class because of the auto trans/paddles and the big inch 'stack injection' engine. Good luck and we hope you get what you're asking! Higher resale values help all Cobra owners in a rotten economy. We should be cheering you on, not blasting you. I just believe, realistically, that given the overall circumstances of a declining economy, winter season and an auto trans Cobra, the pool of willing buyers for your beautiful car is quite thin at the moment.