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Sorry...you walked into that one. :LOL: -Dean |
It was just to easy and felt so natural, sorry!!
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In my opinion ERA does not advertise and relies on sales by word of mouth. They have always been ranked as one of the top of the line with limited production numbers which help to maintain resale value. When I was buying a SPF my buddy who owns a kit car (we still do not know the manufacturer) new well of ERA but never heard of Superformance. His has been sitting in the garage for 10 years. SPF and BDR advertise heavily. Everyone knows who assembled the chassis on BDR's and SPF's and who painted them. The quality is consistent from car to car. I have grown to appreciate ERA AFTER I have owned two other Cobras. For the first time buyer I feel SPF /BDR is an easier decision, for the guy buying his second or third, I feel ERA goes to the top of the list. I also feel ERA retains it value as good or better than SPF but due to them being in the north east I see little of them in Texas. I have a SPF and BDR dealer within 70 miles of my house. My next will be a Kirkham, hopefully I can find one in the upper $70's price range if not I always have the SPF to keep me distracted.
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just sold for $30k
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Bill S. |
I agree Great buy, BUT, if one could get a roller for $35K and install a roush for $14 and tko 600 and misc parts for $3.5K and be out the door for $49K I would think it is as good as deal and all brand spanking new. The one on ebay was powered by 385hp engine with 13K and a 3550. I feel the fair price for that car should have been $36-39K if the paint was excellent.
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A very good deal for someone. |
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I did a quick scan of AutoTrader, Kijiji and a few other sources, and here's the list of SPFs currently for sale up here.
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FWIW, a '95 SPF is a very early build. Not suggesting that it wasn't well bought, because it was. But that car in stock form lacks considerable changes from even my 700 series car (built in '00). In the hands of the right buyer that car could easily resell for north of $35K (and to someone in Canada!). If there was ever an opportunity in today's economy to flip a Cobra, that was one of them!
-Dean |
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Time for an update...
I'm still keeping track of Superformance MkIII roadsters listed on Club Cobra and Cobra Country, and figured it might be time to update this thread.
To date I have tracked 216 SPFs for sale (mainly private listings, not dealers). The average asking price across all 216 cars was $52,935 USD. Here are the average asking prices broken down by model year: 1995 - $40,496 1996 - $41,500 1997 - $44,633 1998 - $46,498 1999 - $45,332 2000 - $49,667 2001 - $46,471 2002 - $49,037 2003 - $48,941 2004 - $50,742 2005 - $57,743 2006 - $61,726 2007 - $60,986 2008 - $53,370 2009 - $71,560 2010 - $71,500 2011 - n/a n/a - $54,125 The greatest number of cars were 2005 models (39), followed by 2000 models (28), then 2006s (20), 2004s (19) and 2002s (18). |
I think SPF's are a great,.... cobra.
40-55k is fair, and no more. $70,000,.....are you kidding me ! Save a bit more and get a Shelby or Kirkham. ;) |
You ought to see that $70k one.
A Blackout beauty with carbon fibre stripes. The Roush engine has $1000 valve covers and much more. That price is in line with what he has in it. |
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The "ban" is on newer builds, "kit cars" (NOT "starter kits") and those who try to circumvent the Candaian regulations. If you are in Canada and interested in the Red 427 SPF there, contact me. Or if you want to purchase a LEGAL "starter kit" car I can put you in contact with the person who knows how to do it right. |
Most dealers have none in stock. If you want new then you have to wait, SPF is charging the same $$ or more for a roller. The markets bottomed, if you find a guy looking for a plastic replica with no ac, top, creature comforts for $50k plus he is recession/depression proof at the time of his purchase. I beleive in the "right" city you can sell a pristine SPF with a Roush, KC engine for mid 50's within a month. Remeber you only have to find one buyer for your car. A new compartive new SPF would be close to $70K. Either way a SPF is has depreciated exponentially LESS than BAC,C,NFLX,and half of all mutual funds out there!!!
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Mine is for sale and if that chart is correct, mine is underpriced, and I have all the extra goodies on it.
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