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The Terminator
Terminator Talk
Thoughts on value of CO Vert
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<blockquote data-quote="Goose17" data-source="post: 16287845" data-attributes="member: 137255"><p>Totally get what you are saying... there are far better investments than cars. Having said that, a few things to point out:</p><p></p><p>A Mystichrome Terminator vert was actually the most expensive Ford car in 2004. It stickered at $43,225. If you bought it new and drove it at all, you still would not be above sticker price in value. This is obviously a bad financial investment. However, if you bought the car second-hand and got a fairly decent deal, you could drive the car for awhile and sell it for more than you paid for it. The low price point for these cars has come and gone. I did this with 2 of my Mystichrome verts. Yes, there are costs associated with ownership, but don’t forget the “value” that comes from enjoyment in ownership. Whether you are out on the streets ripping through gears or your car is more like garage art, there is satisfaction in ownership. If you can sell it later and make a little money, that’s a win/win!</p><p></p><p>I have a growing collection of SVT Mustangs. Although most are appreciating in value, these are not my “investments.” I have financial investments that are making much more money. I own the cars because I can afford them and enjoy the heck out of them.</p><p></p><p>On the subject of garage AC, there is a wide variety of options and prices. For my 3-car house garage, I bought the largest 110v window unit I could find. It does a great job keeping the garage cool in our triple-digit TX heat. For my big garage, I spent $8k for a 2-headed heat pump and I think it was another $8k in spray foam insulation if I recall correctly. This route was considerably more expensive than the house garage, but the garage is waaaaay bigger and has a roughly 18’ peak ceiling.</p><p></p><p>So, moral to the story... there are much better investments than cars, but cars are fun as hell and can appreciate if bought correctly and garage AC options don’t always have to be big money.</p></blockquote><p></p>
[QUOTE="Goose17, post: 16287845, member: 137255"] Totally get what you are saying... there are far better investments than cars. Having said that, a few things to point out: A Mystichrome Terminator vert was actually the most expensive Ford car in 2004. It stickered at $43,225. If you bought it new and drove it at all, you still would not be above sticker price in value. This is obviously a bad financial investment. However, if you bought the car second-hand and got a fairly decent deal, you could drive the car for awhile and sell it for more than you paid for it. The low price point for these cars has come and gone. I did this with 2 of my Mystichrome verts. Yes, there are costs associated with ownership, but don’t forget the “value” that comes from enjoyment in ownership. Whether you are out on the streets ripping through gears or your car is more like garage art, there is satisfaction in ownership. If you can sell it later and make a little money, that’s a win/win! I have a growing collection of SVT Mustangs. Although most are appreciating in value, these are not my “investments.” I have financial investments that are making much more money. I own the cars because I can afford them and enjoy the heck out of them. On the subject of garage AC, there is a wide variety of options and prices. For my 3-car house garage, I bought the largest 110v window unit I could find. It does a great job keeping the garage cool in our triple-digit TX heat. For my big garage, I spent $8k for a 2-headed heat pump and I think it was another $8k in spray foam insulation if I recall correctly. This route was considerably more expensive than the house garage, but the garage is waaaaay bigger and has a roughly 18’ peak ceiling. So, moral to the story... there are much better investments than cars, but cars are fun as hell and can appreciate if bought correctly and garage AC options don’t always have to be big money. [/QUOTE]
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