No Reserve: 6-Mile 2003 Ford Mustang SVT Cobra
Bid for the chance to own a No Reserve: 6-Mile 2003 Ford Mustang SVT Cobra at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #70,641.
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BAT 6 mile 2003 Cobra
- Thread starter C2tuck
- Start date
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LOL! It will soon be part of someone else's museum.
That's insane. Never even drove it it after purchasing with 6 miles. Poor car.
No kidding. Never even appreciated the car they had
A bad investment would be to sell at a loss or marginal profit. $35K new. Will likely hit $70K by the end of the auction. The current used car market made this the right time to sell it.
It would need to sell for well over $200k just to equal market perform.
Closer to 250k.
That car @ 70k is equivalent to losing $175k
That's why I said bad investment, it'd be different if he at least put a few thousand miles of fun on it.
Closer to 250k.
That car @ 70k is equivalent to losing $175k
That's why I said bad investment, it'd be different if he at least put a few thousand miles of fun on it.
Yup all of these late bloomers have been terrible "investments".
I love how people act like Supras and R34 GTRs are gold mines.
Supra was $50k new in the 90's - GTRs have been in the 60's and 70's forever - for either jumping into 6-figures is barely "breaking even" let alone a windfall investment.
Can the wrapping still be removed without hurting the paint? If this was done for a purely financial purpose, it was a bad decision.
Eh, there are so many of these low mile limited Terminators (10th, Mystichrome, other rare colors)
In what way?
If the buyer wraps it up and stores this thing for 20 years, guarenteed it will fetched multiple times what he paid for it.
I'm not who you quoted, but I think what he is getting at is that if you took that same amount of money back in 2003 and invested in say the S&P 500 it would now be worth more than what that car will most likely go for.
Here is a calculator assuming the original owner invested the MSRP of $36,560 into the S&P 500. As of March 2022, it would be worth $204,179. So, unless that car goes for more than $204,179 it would be a bad investment.
S&P 500 Periodic Reinvestment Calculator, With Dividends– DQYDJ
Edit: The calculation didn't stick in the link, but you can play with it by entering the dates, making the starting amount $36,560, and the monthly investment $0.00.
Doing an inflation calculator least in where where in a weird high inflated mark beyond norm trend periods should be taken in accounts. Not quite apples to apples, if it was in par of nor inflation (no disagreement).
Starting salaries for post college educated students isn’t comparable (2022) to what they were making vs students whom graduated and their first job in the late 90s / early 00s. I used the calculator in reverse to compare my 1st salary out of college vs my dads. My was significant less.
I’ve seen 11-14 GTs as well as gt500 go for and sell for as much as they were new as well as other cars / trucks people getting equity on their lease vs break even or less (which is typically what occurrs). It’s crazy, cars aren’t suppose to be an Investment but over the past year or so… it’s proven otherwise due to outside factors propelling it forth.
Starting salaries for post college educated students isn’t comparable (2022) to what they were making vs students whom graduated and their first job in the late 90s / early 00s. I used the calculator in reverse to compare my 1st salary out of college vs my dads. My was significant less.
I’ve seen 11-14 GTs as well as gt500 go for and sell for as much as they were new as well as other cars / trucks people getting equity on their lease vs break even or less (which is typically what occurrs). It’s crazy, cars aren’t suppose to be an Investment but over the past year or so… it’s proven otherwise due to outside factors propelling it forth.
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A little too coincidental 
Meh it does nothing for me. It’s a shame it was never enjoyed outside of dusting it.
You could just buy a die cast model, take up less real estate and do the same thing with it for a lot less money.
Also a low mile top tier price terminator doesn’t seem all that rare these days.
You could just buy a die cast model, take up less real estate and do the same thing with it for a lot less money.
Also a low mile top tier price terminator doesn’t seem all that rare these days.
I always thought the Beanie Baby Boomer fad started with the reintroduction of the Shelby and retro muscle cars.
Probably a hundred or more 3V Shelby GTs sitting in Buble Wrap somewhere.
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