What is the Value of my SPF - Page 2

Slojo · #1 (**permalink**) 11-25-2006, 07:31 PM

Let's see if this third try for this post will work (man I'm a spaz sometimes!!)

I think timing has something to do with it as well, not just spring vs. winter. Sometimes there just are folks out there looking for a particular car, with a particular set-up within a particular geographic location. See my car is not for sale, however I have been considering the pro's and cons of a Kirk. Sometimes all the moons line up just right for both buyers and sellers....sometimes.

RedBarchetta · #2 (**permalink**) 11-25-2006, 10:13 PM

You get the word out that you're looking for a particular combination (color, motor, etc.), along with a realistic price point and trust me, the car will surface. You just have to be patient. I looked close to 6 months before I found mine, and it was so right that I bought a plane ticket from L.A. to Dallas just to see it and buy it.

Everyone else is right about SB100 cars...worth an easy $2-3K more for a Cali buyer.

Good luck,

-Dean #747 (not for sale)

madmaxx · #3 (**permalink**) 11-26-2006, 06:55 AM

Cashburn has a point and should he is a dealer. One thing that is killing all cobra replica prices is Backdraft, for what I can spend on a Superformance turnkey minus I can assemble a complete backdraft. I can also vouch for Backdraft since I owned one. I bet I could assemble a BDR with a FMS 392 for very close to what the Superformance is at right now (I like working on them as much if not more than driving them). I feel superformance is better but it is the difference between a 2500 series pickup and 1500 series pickup and I do not haul anything. I do like the extra leg room in the BDR. Looks like i have about 24 hours to make up my mind, I am sure as soon as i bid the next guy will. I played this game with a BDR last July. It had 800 miles with a FMS and I think it went for 38500 with the 17 wheels. Thanks for opening my eyes cashburn!!

Excaliber · #4 (**permalink**) 11-26-2006, 08:13 AM

Boy I'm glad I didn't have to make that observation madmaxx, I take enough heat around here all ready. Thanks!

The market has\is changing dramatically.

rsimoes · #5 (**permalink**) 11-26-2006, 04:36 PM

The market for these cars is ALWAYS soft. . . .

Excaliber · #6 (**permalink**) 11-26-2006, 05:04 PM

Eh eh, well said rismoes

Cashburn · #7 (**permalink**) 11-26-2006, 05:23 PM

I could not disagree more... but I see it from another angle perhaps.

Excaliber · #8 (**permalink**) 11-26-2006, 05:25 PM

Well heck Jay, your the reason the market is soft!

Cashburn · #9 (**permalink**) 11-26-2006, 06:11 PM

Quote:

Originally Posted by Excaliber

Well heck Jay, your the reason the market is soft!

You are exactly right

Though I feel the experience rsimoes is having actually is isolated to a particular manufacturer at the moment. There seems to be a lot of inventory at a number of their dealers based on what I see going on with eBay. The June to September timeframe was relatively weak for everyone, so there is stock to work through for many manufacturers. Amazing how $3+ gasoline actually impacts ...

madmaxx · #10 (**permalink**) 11-26-2006, 06:22 PM

The reason they (superformances) have alot of inventory is clear, look at their prices, these cars are strictly toys, if someone can save 15K and get the same bang with more leg room what do you think they do. Not only that, it is easier to sell a complete car for 42K as compared to 52K. I imagine with the numbers BDR is getting at (chassis 500) there will appear alot for sale in the not to distant future. My guess is 50% of the people that purchase loose the passion after the first 100 mile drive or rough railroad crossing. Either way I love them. One thing I did learn is you can never have to much horsepower!!!!

Slojo · #11 (**permalink**) 11-26-2006, 06:55 PM

bfoodman, that car on e-bay is darki silver not titanium (that is if I looked at the right one).

The 427R is a great engine from what I understand though Roush did make some more recent spec changes. If you are truely interested in that car, I would find out what engine number it is and then call the folks at Roush for additional details. I do not have that engine, but I sure wish I did.

kayakjack · #12 (**permalink**) 11-27-2006, 06:20 AM

This is a real interesting thread. Especially since I voted with my checkbook last week and bought a used Superformance.

There is a real diversity of opinions regarding what a real world actual selling price for any of these things should be. There might be a corelation between guys who are now in the market to buy giving reasons the market is soft hence lower values. Also guys who own and might consider selling who think the opposite.

I watched the market (Cobra Country, Club Cobra classifieds, ebay, dealers) for a long time trying to understand what things were really worth. It also helped me understand what I really wanted and could afford.

Having owned it a week, I don't think I'll be selling any time soon. Too much fun. The only unexpected surprise is some sort of small fluid leak - I think it it is transmission fluid. Oh well, I'll deal with it and move on.

Reading some of the "market is soft" comments made me hope I hadn't overpaid. I don't like to waste money or feel like a fool. I paid $40k for SPF 1202 which is beautiful and has a removable hardtop. The 351w 385hp crate motor feels bulletproof. I took it out this weekend with a friend for a spirited drive on mountain roads and it never missed a beat. I bought this car to use. It is the "roadster" version with rear exhaust - no sidepipes. That's what I wanted. I know the market is very heavily weighted toward the pipes. The market is smaller for this configuration. I guess I'll worry about it if and when I sell. I think this was a fair deal for me and the seller.

I'd like to hear your guesses about this question - it probably has more real world meaning to me... What do you think the value of my car would be in ten years?? It will be no trailer queen... I bet it will have 30 to 40 thousand miles on it by that time. Go down in value (25k? - or less?). Up ($50k - or more?)? Same?

Jack

Sharroll Celby · #13 (**permalink**) 11-27-2006, 07:49 PM

Quote:

Originally Posted by kayakjack

This is a real interesting thread. Especially since I voted with my checkbook last week and bought a used Superformance.

There is a real diversity of opinions regarding what a real world actual selling price for any of these things should be. There might be a corelation between guys who are now in the market to buy giving reasons the market is soft hence lower values. Also guys who own and might consider selling who think the opposite.

I watched the market (Cobra Country, Club Cobra classifieds, ebay, dealers) for a long time trying to understand what things were really worth. It also helped me understand what I really wanted and could afford.

Having owned it a week, I don't think I'll be selling any time soon. Too much fun. The only unexpected surprise is some sort of small fluid leak - I think it it is transmission fluid. Oh well, I'll deal with it and move on.

Reading some of the "market is soft" comments made me hope I hadn't overpaid. I don't like to waste money or feel like a fool. I paid $40k for SPF 1202 which is beautiful and has a removable hardtop. The 351w 385hp crate motor feels bulletproof. I took it out this weekend with a friend for a spirited drive on mountain roads and it never missed a beat. I bought this car to use. It is the "roadster" version with rear exhaust - no sidepipes. That's what I wanted. I know the market is very heavily weighted toward the pipes. The market is smaller for this configuration. I guess I'll worry about it if and when I sell. I think this was a fair deal for me and the seller.

I'd like to hear your guesses about this question - it probably has more real world meaning to me... What do you think the value of my car would be in ten years?? It will be no trailer queen... I bet it will have 30 to 40 thousand miles on it by that time. Go down in value (25k? - or less?). Up ($50k - or more?)? Same?

Jack

Jack, I think you got a fair deal on your Cobra. That's about what I paid for my NAF with a 351W, quite similar to yours. I love my Cobra, will have owned it five years this coming February, and have put over 40,000 miles in those five years. Enjoy your ride. Edley

madmaxx · #14 (**permalink**) 11-27-2006, 07:38 AM

You got an excellent deal and emphasises what many have beens saying. In 10 years your car will be worth in my opionion, 34k to 36K. Inflation will continue to rise. you can easily convert to side pipes if necessary. The only advantage to a cobra financially is they do not depreciate past a certain point. I am glad to see you got above chassis 1000 also.

Remod · #15 (**permalink**) 11-27-2006, 08:02 AM

First of all, I don't think it will do any of us any good if we start rumors that the Cobra market is soft. It could become a self-fulfilling prophecy. As soon as somebody reads that a market is soft, it can become reality very quickly as everyone snaps their checkbooks shut 'cuz they read sumpthin' somewhere the Cobra market is soft!

It may just be the stock market is back again, and tangible items like cars and houses are not the "hot items of the day". Every market has its ups and downs, so just hang in there and realize these are very expensive toys we are playing with. For most of us, it takes a perfect alignment of planets and stars to make a purchase like this.

Goopie 18 · #16 (**permalink**) 11-27-2006, 11:03 AM

bfoodman, I drove the Cobra you are looking at. It's a dealer demo. The car is beautiful and real fast. The Roush 427R in it is very streetable. It runs cool and smooth. I would have bought it when I saw it in April, but wanted black/silver stripes.

bfoodman · #17 (**permalink**) 11-28-2006, 11:29 AM

Quote:

Originally Posted by Goopie 18

bfoodman, I drove the Cobra you are looking at. It's a dealer demo. The car is beautiful and real fast. The Roush 427R in it is very streetable. It runs cool and smooth. I would have bought it when I saw it in April, but wanted black/silver stripes.

Thanks for the info - I really like the car. Any guesses as to the value? I think the bidding is at about $44k now and it has not hit the reserve. There is another car on e-bay (blue with white stripes) that has a "buy it now" price of $60k. I think that guy is smoking something.

jdog · #18 (**permalink**) 11-28-2006, 01:40 PM

This current post here on CC should give you some indication of what the market is like:

Superformance SPO2506 - Brand New For Sale - $4000 discount.

jdog

bfoodman · #19 (**permalink**) 11-28-2006, 04:35 PM

Quote:

Originally Posted by jdog

This current post here on CC should give you some indication of what the market is like:

Superformance SPO2506 - Brand New For Sale - $4000 discount.

jdog

No doubt that things appear to be slow. I feel bad that this guy needs to sell the "roller", but clearly if you look around you can get a fairly late model car with engine installed for somewhere in the mid $40s. I assume that even at $38,000 for the roller, it would cost another $10k to $12k to get the car put togther with a small block. It just seems going used at this point makes a lot more sense.

I am looking for an SPF preferably silver with black or grey with the black. Frankly, a big block sounds like fun, but I dont care if the car has a 351, just so long as it is in good shape, and priced right in terms of todays market.

kayakjack · #20 (**permalink**) 11-28-2006, 04:59 PM

The market seems to be slow but it is not clear how much is due to seasonal factors, possible saturation of the market with cars, or possible real decrease in demand for Cobras.

The seasonal factor has to be for real. Winter is coming (already here for some). How good was last Springs selling season? If that was OK, this perceived slow down could just be seasonal.

Do you think that more new cars are coming on the market? Are there more dealers? More new cars being made for inventory that need to be soaked up? More manufacturers wanting a piece of the pie?

Has demand gone down? Do all of us geezers who want these things already have one?

The seasonal factor is real. I'm not sure I know the answer to the supply and demand questions. I wonder if there is any real data available?

I would only be concerned if data indicated last Spring's selling season was bad. I don't remember a lot of concern last Spring.

I just bought mine with winter coming. I'm sure that factor helped me get a good deal. If you intend to hold for the long term, this is not a factor. Winters are not bad in Atlanta anyway. Frankly the only time I would be uncomfortable in the car is in the July/August mid day sun.

Bottom line... unless someone has data raising flags about last Springs selling season, I wouldn't worry about this market for a while.

By the way, when people (especially kids) come up to me and ask me about the car, I take plenty of time with them. Just doing my part to plant the seeds of desire for the next crop of folks who have to have one of these things. I want this market to go on for a long time.

Jack