collector car market
- Thread starter Gene Cassone
- Start date
FBA
GT Owner
What value??? Viper has value? LOL
I paid 63k with 295 miles on the clock in 2008...it's probably worth 60's now, but when I got that car, it was a crazy find at that price. Most would have paid 75-80 or more new, and that car ain't worth close to that these days. It will certainly hold value better than say my Z06, but it's still a depreciating asset, unlike the GT's. Here in Canada, had I purchased the Viper at one of our dealers, I would have paid 108k new and maybe a few k less with 295 miles on it. It would have taken a good 40k beating easy at that price. I bought it in the US from a member on this board, and he bought it for the same brand new. That's about to change now with the new Viper which I believe will sell in greater numbers, lowering the resale value. I think more people will buy them as they're less scary now with all the nannies that car never had. FWIW.
I paid 63k with 295 miles on the clock in 2008...it's probably worth 60's now, but when I got that car, it was a crazy find at that price. Most would have paid 75-80 or more new, and that car ain't worth close to that these days. It will certainly hold value better than say my Z06, but it's still a depreciating asset, unlike the GT's. Here in Canada, had I purchased the Viper at one of our dealers, I would have paid 108k new and maybe a few k less with 295 miles on it. It would have taken a good 40k beating easy at that price. I bought it in the US from a member on this board, and he bought it for the same brand new. That's about to change now with the new Viper which I believe will sell in greater numbers, lowering the resale value. I think more people will buy them as they're less scary now with all the nannies that car never had. FWIW.
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I think the collector car market can be summarized in relation to value appreciation by saying that you have to buy a car where there is no new model coming out every year , the GT fits into that category plus relitively low production numbers , another car that will should do well would be the Porche carrera GT although i dont see that they are increasing in value just holding there own
Summary ........... if you want a car that stands a chance of appreciation just make sure it is being produced evry year like the viper , corvette ,
R8 , most F-cars , lambos , etc
Summary ........... if you want a car that stands a chance of appreciation just make sure it is being produced evry year like the viper , corvette ,
R8 , most F-cars , lambos , etc
Dolph
GT Owner
I agree with you whole heartedly. I think we all will be dead and gone before the Gen 3, 4 and 5s ever appreciate. We might see the 1 and 2s come up in value, but it sure isn't showing any now.
My FGT may be appreciating even now, but I'll never realize it because it will never be sold, it and my '64 Ford Falcon convertible, like I had in high school. O, the memories of both.
Dolph
Sinovac
GT Owner
This was surprising to me given the mileage and color.
http://item.mobileweb.ebay.com/viewitem?itemId=121093182869&index=10&nav=WATCHING&nid=46734545022
http://item.mobileweb.ebay.com/viewitem?itemId=121093182869&index=10&nav=WATCHING&nid=46734545022
twobjshelbys
GT Owner
Xcentric
GT Owner
Surprisingly high. Mileage, accident, needs fuel filler, road rash on wheels, suspect fuel gauge (reads dead empty with engine running).
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It's difficult to trust the stock market when the "fiscal cliff, a trillion dollar debt and welfare sucks us dry". And lets not forget our social security (when the time comes) may not even exist. Gold is so high it has to come down soon and I think cars like yours are the only reasonable safe alternative to your hard earned bucks that uncle sam can't get a piece of. IMHO. I would love to hear the real answer myself. As for our GT prices, they must still be launching them into the trees and that can't hurt those of us who have one still neatly tucked in the garage. I take a peek at X2 Builders site on ocassion and apparently left hand turns are not a good idea in a GT with your foot on the floor as there are plenty of RR sliced up GT's.
I am about to "pull the trigger" on a BMW Z8. It is one of the only cars in this market reasonably priced compared to new. Production nos similiar to the GT. Also similar to GT based on earlier cat (507) which is beautiful and highly collectible. Also BMW really does not have really any other production runs similar to it (M 1 maybe but not based on earlier car). Mercedes has its new "gullwing" but much higher price and continues to be produced. Carrera GT also a consideration but new Porsche super car being built (like Ferraris). Any thoughts?
Only problem ran out of room in garage. Considering storage lift. Any recommendations?
Only problem ran out of room in garage. Considering storage lift. Any recommendations?
Sinovac
GT Owner
I am not a BMW guy, but I love the Z8. It is a rarity- a truly beautiful modern car. Prices are very strong. Buy it. As for a storage lift, any of the 7000lb capacity 4 post lifts are good for storage.
RPM217
2005 white/blue stripe
Z8 is also going to be highly collectable. Great car, I've always admired it from the time it came out. I have a few friends that have and love them. Nice driving car!!!
Mooney56
GT Owner
Have owned my 1967 AC Cobra since 1978. Paid less than $10K for the car which was traded in to the Ford Dealership where I worked for a new 1978 Mustang King Cobra -- they were unloved during that period. Everyone thought I was crazy for buying a car in Houston without a top or windows. Drove the car to UT and parked it in the parking lot of my fraternity house. Had a lot of fun and even towed my sunfish with it. Put about 10K miles on the car and graduated. Bought an 82 Indy Pace Car Vette and parked the Cobra at my parents house. Still have it today and it is a true survivor car. It may be the only Cobra with a trailer hitch. The ROI is great but firing it up and driving it is even better.
Sinovac
GT Owner
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LOL, I'll bet he hung himself during the first big runup of collector car prices in the late 80s.
BlackICE
GT Owner
Cobrar
GT Owner
Sinovac
GT Owner
I spoke with someone who has been apart of Ferrari sales for almost 50 yrs. both at a dealership and privately with worldwide connections. Still brokers high end cars. I asked him about this crazy market. His take on it is it will continue to rise. Combination of baby boomers retiring and china, Russia, India, and Eastern Europe now in the market. Since Ferrari has the brand name, number one to rise. But only so many therefore other limited production cars are headed up as well. Though not as rapidly. So "enjoy the ride"