How difficult is it to sell a '93 Cobra???

[Brian97vobra]

I'm seriously thinking about getting a '93 Cobra, teal w/ grey cloth and no sunroof if you know of one;-) . But i'm sorta worried about what will happen when i want to sell it...
Seeing as how the avg price is between $10-12k i'm assuming that most banks won't loan out that much money for a '93. So i'd think that most of the buyers will have to come up with that much $$$ upfront and out of pocket. And i know most people don't have that kind of money just sitting in their bank.
So how was your experience if you tried to sell one?:shrug:

 

[tunedin302]

Most bank will loan an amount equal to or less than the kellty blue book suggested retail value. My bank was willing to loan me around $11K (kbb value) when I got my Cobra last october. I didn't take out even half of that amount but they would have let me.

 

[Brian97vobra]

I looked at KBB and it only said it was worth $7k...:shrug:

 

[04MystiCobra]

Exactly how you're thinking. Most banks will only cover somewhere what KBB lists. The rest will have to be a signature loan or something else.
How many miles does it have?

 

[Brian97vobra]

Exactly how you're thinking. Most banks will only cover somewhere what KBB lists. The rest will have to be a signature loan or something else.
How many miles does it have?

I haven't found one yet. I'm looking for one with under 75k miles though.
Didn't you have one for sale? I thought i remembered seeing it in your sig...

 

[sparky701]

Capital auto will give you a loan for more then kbb.

 

[Kevins89notch]

Well its as simply as finding the right buyer, and selling the right price. Most people looking to buy one want an exact color, and possibly even an interior color. Thats 9 possibilities right there. Some may disagree, but I see about 4 catageries of 93 Cobras after the basic options. They are either...

1. Showroom stock, with low miles
2. Near stock, damn clean, and it has some miles(40-80K maybe?)
3. High mileage(possible dings/dents/paint work), some things not working such as AC, and some or many mods.
4. Drag setup: H/C/I/blower/nitrous putting out 450+rwhp.

I believe my math is correct in saying that puts 93 Cobras in about 36 different categories! All you got to do is price it accordingly, and find the buyer then.

 

[stangbear427]

I bought mine ($10,500) on a credit card. Piece of cake.

 

[Kevins89notch]

How about teal with grey leather? http://1993cobra.com/phpBB/viewtopic.php?t=509

 

[Big Ben]

Valid concern. I am pretty sure if I ever sell mine, I have to find the right buyer and he will have to have some cash!

 

[BelvedereGTX]

I bought mine ($10,500) on a credit card. Piece of cake.

Do tou realize how much interest you will pay at the end dude? Thats insane.

 

[scootro]

i'm assuming that most banks won't loan out that much money for a '93. So i'd think that most of the buyers will have to come up with that much $$$ upfront and out of pocket.

i had to put my lightnings title up at the bank to get my loan for my cobra

i paid half cash and half with a bank check.......

 

[04MystiCobra]

Do tou realize how much interest you will pay at the end dude? Thats insane.

Not always. My credit cards have a lower interests rate than a signature loan.

 

[big frank]

How about teal with grey leather? http://1993cobra.com/phpBB/viewtopic.php?t=509

Yep, that's my buddies car, and he is down to $10.5K for it.

 

[big frank]

Do tou realize how much interest you will pay at the end dude? Thats insane.

I bought my Shelby on a credit card ($15K). I have a 3.99% interest rate on it for the life of the loan.

 

[stangbear427]

That's what it was. Apparently, they didn't think I was using the card enough, so they mailed me a convenience check with 3.99% for the life of the loan. I took it to the bank and cashed it for $10,000. And bought a Cobra. Simple.

 

[Goodson]

I bought my Shelby on a credit card ($15K). I have a 3.99% interest rate on it for the life of the loan.

I did this when I bought my 85 GT 5 years ago. It's long since been paid for but there's not a bank out there that would even loan money on a car that old and if they did the interest rate would be at least triple that. It's not a problem if your disciplined to pay on it. But, if you're not disciplined with money that's not a good idea.

 

[19COBRA93]

When I bought my last '93 cobra, my '03 was paid off, so I financed $15k on the title to the '03. I paid $10,500 for the '93 and dropped about $5k into it (Turbo, 5 lug, 18's, etc). I've since sold it, but am within a couple weeks of possibly buying it back.