Newbie

[Cobra.au]

When I get my Cobra back to gether and the weather is a bit better I will take you for a drive

[HSVREDSLED]

Originally Posted by Cobra.au

When I get my Cobra back to gether and the weather is a bit better I will take you for a drive

Thats a very generous offer thats too good to refuse!!!
Bring on the Summer!! My shout for beverages of course.

A quick question/assumption.

Not that money is the issue with a passion, but is it right to assume that the value of a second hand Cobra does not depreciate anywhere near as fast as as the value of a second hand later model performance vehicle.

I understand that building from new with a heap of performance mods does cost a bomb, but for the walk in drive out second hand buyer who is interested in minor 'tweaking' mods such as tunes, induction etc is there much depreciation over the years?

[Beejay]

One of the reasons that my wife let me play with Cobras is that you tend to maintain a reasonable resale value on the car.

If you do not go crazy there is a good chance you will not throw much money away, unlike most other cars / boats / toys.

Cheers,

Ben

[Bryan Wilson]

Originally Posted by HSVREDSLED

A quick question/assumption.
Not that money is the issue with a passion, but is it right to assume that the value of a second hand Cobra does not depreciate anywhere near as fast as as the value of a second hand later model performance vehicle.

I read on the ex House Of Cobras (they sold used Cobras) web site a few years ago, the only person that loses on the sale of a Cobra is the builder.
I brought my car second hand and I believe I could still get my money back if I sold it.
Especially if someone was after a Cobra with a fully polluting Ford engine in it.
Cheers,
Bryan

[ferociousfish]

I agree Bryan. It seems recently that the price of cobras have actually gone up a bit. A few years ago there were always a few around the 40 grand make whereas most of them are above 50 or so now. This has probably got something to do with the increase in the cost of building one. It would be nice to sell and make a tidy profit, but that profit would soon be spent on a new cobra anyway.

[400TT]

From my experience in QLD, Cobra's sell for more than the sum of their parts. So if you build a Cobra yourself, you can generally at a minimum get your money back if you sell, even years later. Forget about getting your labour back, it's definitely a labour of love.

Professionally built Cobra's with labour charge etc, tend to sell for less than total cost to build them.

It's easier to get your money back at the lower end of the scale. If you go over the top with the build, it will be harder to get your money back. Cheap Cobra's are easy to sell, expensive ones are a lot more difficult to sell.

Also if you style your Cobra so that it has a limited audience, that will hurt resale value.

There are always exceptions to the rule.

One thing I keep in mind is that there are always a limited number of Cobra enthusiasts. There are plenty of people with means and enthusiasm for owning a Cobra, but in the higher price ranges there are also plenty of other nice sports cars to purchase.

You would expect carby based cars to be increasing in value as they can no longer be approved. This doesn't seem to be the case...yet.

Now don't even get me started on GT40 values...