03gobluecobra said:
in addition to mystichrome, comp orange seems to garner a bit more as well. Sucks for me becuase I'd love a competition orange terminator.
The current market..
- Thread starter Jfoster
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in addition to mystichrome, comp orange seems to garner a bit more as well. Sucks for me becuase I'd love a competition orange terminator.
Watched one at auction go for short money again. Bone stock, 22k.
Still seeing them retailing for $23-$29k on lots. 25K on the highend for lowmileaged coupes, and 29k for low mileaged verts. I think the GT500 is keeping the prices up there.
Still seeing them retailing for $23-$29k on lots. 25K on the highend for lowmileaged coupes, and 29k for low mileaged verts. I think the GT500 is keeping the prices up there.
This is a funny thread. 14 months ago, I could not give my cobra away for 22k, and it was a nice, low mile, unpullied, but autocrossed car. I eventually just traded it in for 20k. At that point, everyone was pissed about the low resale value. Ha ha. Supply and demand is a funny thing. Now, I would like to find a nice, unmodified car, and they are almost unheard of especially for a decent price.
Hey, for those of us in the Central Florida area, check out this place. Has anyone heard of this guy or ever had any dealings with him?? Im in the market for a terminator....
http://www.auto-spectrum.com/view-inventory.aspx?_page=&_makef=Ford&_model=Mustang+SVT+Cobra
http://www.auto-spectrum.com/view-inventory.aspx?_page=&_makef=Ford&_model=Mustang+SVT+Cobra
yeah seriously, for $22k, I would've jumped on that and forgotten my Shelby dream very quickly.Chris Benvie said:
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Well, you know the market is changing when you see dealers asking the same or less than what most of the people on this site are asking for their cars. *Note how I said most.
I stumbled across these guys on autotrader
http://www.autotrader.com/dealers/inview/index.jsp?dealership_view_name=lamotorcars&sort_type=make_modelASC
I stumbled across these guys on autotrader
http://www.autotrader.com/dealers/inview/index.jsp?dealership_view_name=lamotorcars&sort_type=make_modelASC
you know if i could get close to what i owe on mine now i would sell... but iunfortunately taken mine on a couple long distance cross country road trips soo my miles are a bit high... closing in on 58K now... and then i see all of these with 10-15k and like wow.. i have no shot at selling mine for a decent price...
I want to buy one in the fall of 07, think clean ones could be had for 22-24 by then....here in IL people want big bucks still....if I could find a clean one for 22k in the fall I will jump on it in a second......well see I guess
I'm looking for an 03/04 Cobra. I'd prefer someone in the midwest. I live in Missouri. I'm a member on the STL message board. If you have a car for sale let me know. I'd prefer a stock or near stock car. I want a DSG, silver, black or white color car, but I'll consider all colors except yellow cars.
Thanks, Adrian
Thanks, Adrian
I purchased my 2003 Sonic Blue Cobra with 4,800 miles from a Ford dealership on April 5, 2004 for $26,000.
Back then, that's what they were going for. They sat on lots for many months and for those of you who were in the market back in 2003 and 2004, they had $3,000 rebates in September of 2003 and 2004. The cars were selling very cheap.
What has happened over the last 18 months is the prices of these cars have increased due what it costs to purchase a new Shelby GT 500 - essentially a new Cobra. The Shelbys are selling for $60k so it is much more affordable to buy a used 2003/2004 for anywhere from low to high 20s.
IMHO I believe the 2003/2004 Cobras will sell for much less once the Shelbys start selling for sticker. I have seen a few sell for only $10k over sticker, but they have been convertibles, which I have no interest in.
Back then, that's what they were going for. They sat on lots for many months and for those of you who were in the market back in 2003 and 2004, they had $3,000 rebates in September of 2003 and 2004. The cars were selling very cheap.
What has happened over the last 18 months is the prices of these cars have increased due what it costs to purchase a new Shelby GT 500 - essentially a new Cobra. The Shelbys are selling for $60k so it is much more affordable to buy a used 2003/2004 for anywhere from low to high 20s.
IMHO I believe the 2003/2004 Cobras will sell for much less once the Shelbys start selling for sticker. I have seen a few sell for only $10k over sticker, but they have been convertibles, which I have no interest in.
Interesting thread.
I'm in the market for a Term. I'm interested in getting a reliable yet very fun form of transportation (daily driver) that has A/C and a kicking sterio - but can still take it to the track on the weekend for a few high speed laps on a road coarse. A Cobra fits the bill very well.
There are several routes for me to consider:
1. Buy low mile stock car for $23-$25k and add $5-10k in performance and suspension mods. Total price = $28-$35k
2. Buy a high mile stock car for $15k-$20k, clean it up for $1k-$3k and add the same performance mods = $25k-$33k
cheap High milage cars are out there, see http://www.svtperformance.com/forums/showthread.php?t=353730
3. Buy a cobra that is already tastefully and thoughtfully modded = $25-$28k depending on the mods and mileage.
If I could find the car that is modded exactly the way I would do it and be 99% confident that its not a ticking time bomb then option 3 is actually the best deal, particularly if it is lower miles. It would save me a lot of time and $$ not having to pay for mods and labor to install them.
Bottom line is that not everyone is looking just for the lowest purchase price. You have to consider if the mileage, condition, and if the mods are acceptable. We won't get all of our money out of the Mods we add - but it is reasonable to expect some percentage of a return - not a complete loss unless the car has been ragged on and beat up.
I'm in the market for a Term. I'm interested in getting a reliable yet very fun form of transportation (daily driver) that has A/C and a kicking sterio - but can still take it to the track on the weekend for a few high speed laps on a road coarse. A Cobra fits the bill very well.
There are several routes for me to consider:
1. Buy low mile stock car for $23-$25k and add $5-10k in performance and suspension mods. Total price = $28-$35k
2. Buy a high mile stock car for $15k-$20k, clean it up for $1k-$3k and add the same performance mods = $25k-$33k
cheap High milage cars are out there, see http://www.svtperformance.com/forums/showthread.php?t=353730
3. Buy a cobra that is already tastefully and thoughtfully modded = $25-$28k depending on the mods and mileage.
If I could find the car that is modded exactly the way I would do it and be 99% confident that its not a ticking time bomb then option 3 is actually the best deal, particularly if it is lower miles. It would save me a lot of time and $$ not having to pay for mods and labor to install them.
Bottom line is that not everyone is looking just for the lowest purchase price. You have to consider if the mileage, condition, and if the mods are acceptable. We won't get all of our money out of the Mods we add - but it is reasonable to expect some percentage of a return - not a complete loss unless the car has been ragged on and beat up.
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Another thing about buying from the boards is that you can get an idea of how the car was maintained and driven based on posts from the seller and the others who would vouch for him.
At the dealer you have no clue if the oil was ever changed by the previous owner or if it was modded and raged on and then the parts were removed for trade in.
Most of these cars are out of warrantee even if stock due to mileage and/or time. Being able to actually talk to an owner about the car is much better IMHO then at most used car dealerships that just want to make a quick sale and don't care if its a lemon.
Are all private owners honest??? NO, but it is easier to judge a person if you can read a few dozen of their posts over a few years.
The cars that I've seen on this board that have been around for awhile are probably worth the extra $1-2k they are asking for them just because you can see there history and how well they have been maintained. I'd rather pay a few extra K to make sure its not that ticking time bomb.....
Sorry, rant over.
Dave
At the dealer you have no clue if the oil was ever changed by the previous owner or if it was modded and raged on and then the parts were removed for trade in.
Most of these cars are out of warrantee even if stock due to mileage and/or time. Being able to actually talk to an owner about the car is much better IMHO then at most used car dealerships that just want to make a quick sale and don't care if its a lemon.
Are all private owners honest??? NO, but it is easier to judge a person if you can read a few dozen of their posts over a few years.
The cars that I've seen on this board that have been around for awhile are probably worth the extra $1-2k they are asking for them just because you can see there history and how well they have been maintained. I'd rather pay a few extra K to make sure its not that ticking time bomb.....
Sorry, rant over.
Dave
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