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Fox-Body Cobras
179 mile 93 on ebay
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<blockquote data-quote="Robert M" data-source="post: 5744157" data-attributes="member: 9628"><p>The key is "when to buy". I have never seen "buying new" and holding onto for an investment work out, BUT, on the other hand, if you buy nice prestine examples when the car has hit bottom, money can be made. The question is, "when to buy"?</p><p></p><p>There is always a following for performance/collector cars, but there is no magic, the collectibles that are late model do not stay at their original MSRP selling price and climb from there, they all drop, most for a long time, some for not so long. The only way to "buy at the right time" is to know the current market and watch it closely, and judge what you know to be true from past specialty cars, it is still a gamble, but so is the stock market. I would guess that if this 179 mile Cobra would have changed hands 5 or so years ago, the person who would have bought at that time would make far more of a return in a much shorter time, than the 14 year owner who bought it new. The key is, don't buy "new" and expect a big return in relation to the time held.</p><p></p><p>This same thing has happened to the 93R market. People who paid $26K or so in 1993, can sell for approx. $60K-$70K right now, for a ultra low mile example, but they have held the car for 14 years.................On the other hand ultra low mile 93R's could have been bought in 2003 for approx. that same $$$, maybe a little more, lets say $30K-$32K, and now sell for $60K-$70K. Who made the better "investment" choice. Making $30K+ on a 4+ year $30K initial investment is great, especially when you are talking about cars!! Now the question is, will the car continue its sharp upward climb? or will it flatten? As with anything investment worthy, timing is everything.</p><p></p><p>It is also nice when the car is climbing fast enough where you can "use" it a little bit and not degrade the current selling value.</p><p></p><p></p><p>R</p></blockquote><p></p>
[QUOTE="Robert M, post: 5744157, member: 9628"] The key is "when to buy". I have never seen "buying new" and holding onto for an investment work out, BUT, on the other hand, if you buy nice prestine examples when the car has hit bottom, money can be made. The question is, "when to buy"? There is always a following for performance/collector cars, but there is no magic, the collectibles that are late model do not stay at their original MSRP selling price and climb from there, they all drop, most for a long time, some for not so long. The only way to "buy at the right time" is to know the current market and watch it closely, and judge what you know to be true from past specialty cars, it is still a gamble, but so is the stock market. I would guess that if this 179 mile Cobra would have changed hands 5 or so years ago, the person who would have bought at that time would make far more of a return in a much shorter time, than the 14 year owner who bought it new. The key is, don't buy "new" and expect a big return in relation to the time held. This same thing has happened to the 93R market. People who paid $26K or so in 1993, can sell for approx. $60K-$70K right now, for a ultra low mile example, but they have held the car for 14 years.................On the other hand ultra low mile 93R's could have been bought in 2003 for approx. that same $$$, maybe a little more, lets say $30K-$32K, and now sell for $60K-$70K. Who made the better "investment" choice. Making $30K+ on a 4+ year $30K initial investment is great, especially when you are talking about cars!! Now the question is, will the car continue its sharp upward climb? or will it flatten? As with anything investment worthy, timing is everything. It is also nice when the car is climbing fast enough where you can "use" it a little bit and not degrade the current selling value. R [/QUOTE]
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