Keep in mind that the original Shelby's were practically being given away around 1970, now there worth 6 figures!! Like said before, it takes time to appreciate in value!!
joe
joe
cobra doesn't hold value.....
- Thread starter Justicem
- Start date
A2V2NV said:
I love my 03 Cobra but still you cant compare an original Shelby to a 03 04 Cobra for collector value.
Yeah I get sick of people saying they can get such and such car brand new for thousands less than sticker. I would like to know how. Around here dealers won't move off the sticker price.
idareu said:
There will NOT be any serious motor problems from the tick. I had the tick on my 1997 Cobra and I got close to 80,000 miles out of it before trading it in and the motor was running stronger than the day I bought it originally.
The tick is such an overblown issue. If anything negative does actually happen its because those people having problems are running their Cobras into the ground by street/track racing which will eventually make any engine break and have problems. Its part of the game of playing in that hobby or style of driving.
If you keep the car regularly maintained (fluids, tuned, etc) and drive pretty much an average-style and occasionally race now and then on the highways with rolling starts rather than hard launches the Cobra's with the ticks will last just as long as any other car on the road. :rockon: :rockon:
Sapperstang said:
I agree with you 100%...I read alot posts here like that too and I can tell you that the people making such claims are only providing about half the story. I have found that most people claiming they are getting a new car around or near cost actually are just saying what they pay on sticker but they are leaving out the fact they they are paying a very high interest rate which when all is said and done they have paid about an additional 10K to 15K ontop of the "deal" they struck.
So those people are all full of :bs:
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CobraKindaGuy said:
Having been one that may have posted such information, I will speak now. Maybe I was getting the good deal because I was paying CASH and had no trade. I have always found you can get the best deal when you take the lead. Show them you know their cost, decide what is reasonble profit, and write them a check for what you are willing to pay. It is fun to see them be the ones that have to make the decision or you walk. Most dealers will take a sure deal it they make some profit.
You think the 03/04's aren't holding their value, try owning a 99. :thumbsup: I bought mine for 22.5 just over 2 years agoand it's worth about 14 right now even with close to 1000 in mods to the car. Oh well, she's a keeper.
One problem I can see with the 03/04's is people being a bit nervous about buying a s/c car used.
One problem I can see with the 03/04's is people being a bit nervous about buying a s/c car used.
Cars depreciate, so what? Bought my wife a 2002 Mercedes CLK 55; prefer the older body style. New look killed resale of old body style. $85,000 new, I paid $48,000 two years later with 16,000 miles on it. Will depreciate slower now about $4000 per year. So don't buy new, buy two year old cars.
Some are missing my point which is.... Cobra owners are bitching on other treads that cobras don't hold value........while other Cobra owners are telling other Cobra owner who are selling, that they are asking too much. See what I'm saying. In other words, we are f$@king ourselves here.
I'd say my Mach 1 was a damned poor investment too. I bought it in 2003 RIGHT BEFORE all the end of the year rebates...I'm still having a hell of a time driving it...put on 26K miles in 15 months and planning on modding it in the coming year.
:smmon:
:smmon:
Anyone who bitches about resale value on a car is not purchasing the car for the right reason.
As others have already pointed out, cars have never been nor ever will be an investment. They are cold pieces of metal which get you from point A to point B. Some do it with more style and are more fun to drive. If one wants an investment, purchase a security and buy a used car.
I love vehicles which depreciate fast. It just means that I pay less for a good used car, I drive it until the wheels fall off, and I buy another one.
As others have already pointed out, cars have never been nor ever will be an investment. They are cold pieces of metal which get you from point A to point B. Some do it with more style and are more fun to drive. If one wants an investment, purchase a security and buy a used car.
I love vehicles which depreciate fast. It just means that I pay less for a good used car, I drive it until the wheels fall off, and I buy another one.
hondas hold their value pretty well.
I bought my Cobra in early 2003 for $34,925.00. Then around
September they were being sold as leftovers for $29,500.
I had to pay sticker price, but I could have saved a lot if I
just waited for September 2003. Oh well.
September they were being sold as leftovers for $29,500.
I had to pay sticker price, but I could have saved a lot if I
just waited for September 2003. Oh well.
I paid 33k cash for my 03 Z06 about 4 months ago. Personally, I don't care about the resale value. I bought the car because I've always wanted a vette and I'll drive this car for long time. Whenever I get tired of it, I'll sell it for whatever the market price is at that time, but until then it doesn't really matter. 
How many of you folks have talked to an older person with a really sweet car like a Hemi whatever or say, '62 Vette who said "I bought it new"? How many have watched a show about muscle cars where the original owner is showing and talking about it? When ya did, how many thought "Man, I would've loved to have been able to buy something like that new". Guess what, here's your chance. In 20 or 30 years, the '03-'04 Cobra will be seen in the same light as the Hemi Cuda's are today. How long do ya think the insurance companies and legislators are gonna allow this renewed muscle car phase to continue? I say get 'em while ya can and keep 'em.
BTW I get my moneys worth everytime I climb into that beast after a shitty day at work and hear that blower scream! It's the cheapest therapy I know of.
BTW I get my moneys worth everytime I climb into that beast after a shitty day at work and hear that blower scream! It's the cheapest therapy I know of.
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great conversations
:thumbsup: One question about the 03/04 cobras. they are selling for a certain amount now but will that change come summer! like in April or May will their value go up by about 1 or 2k? anyone watching this trend year round? It has been the case for older cars (99 cobra) I might take on a 03/04 for now at a good price and wait on selling my 99 until summer. just thinking out loud...
:thumbsup: One question about the 03/04 cobras. they are selling for a certain amount now but will that change come summer! like in April or May will their value go up by about 1 or 2k? anyone watching this trend year round? It has been the case for older cars (99 cobra) I might take on a 03/04 for now at a good price and wait on selling my 99 until summer. just thinking out loud...
what do you guys think of the 03 tenth ani. cars. I think they will hold a little better than the rest. At least I hope, that is part of the reason I got this car. I mean I wasn't planning on making a profit but maybe it would hold up a little better. Or maybe I should have went with the silver w/ chromies, hmm desicions desicions.
Jon
Jon
I was at my local svt ford dealer last week since Im thinking of getting back into a cobra or maybe a lightning (used) next spring they told me they are only paying 18-19k on used 03's, they were more interested in 04's which they pay in the very low 20's for. And I thought I got hosed on my vert when I sold it for 29k!
New cars are losing propositions no matter what they are.
New cars are losing propositions no matter what they are.
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