What's Going On With All These GT's Being Sold?
- Thread starter Spirit
- Start date
AlohaGT
GT Owner
I'm one of the founders of a local bank and we had our monthly board meeting yesterday. This post has provided me a unique perspective into a number of folk's investment/spending/debt/financing patterns. On top of all else mentioned here, the U.S. is facing significant write offs of credit card bad debt including a recent $4B write down, more to come. Extremely liberal credit limits, lax approval procedures and multiple credit card advances has resulted in crushing credit card debt, for consumers and by extension lenders.
As someone else said, we're in another cycle; however, this one is not yet over. It's going to get worse before it gets better.
As someone else said, we're in another cycle; however, this one is not yet over. It's going to get worse before it gets better.
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Kingman
GT Owner
See...even Bony is cyclical. Or is it senility? :lol
We are NOT headed in a 'R', markey is going through a need adjustment.
There are plenty of folks who always forecast doom.
Listen today to Bob Brinker on his national radio show. You will learn more than watching B-J.
Most people buy at the top and sell at the bottom.
Take a deep breath!
Life is great!
Regarding the car market, is going where is should. Collector cars are toys, not investments. The prices at B-J are higher than I expected. Guys buying many of the cars are dealers I lknow.
We are NOT headed in a 'R', markey is going through a need adjustment.
There are plenty of folks who always forecast doom.
Listen today to Bob Brinker on his national radio show. You will learn more than watching B-J.
Most people buy at the top and sell at the bottom.
Take a deep breath!
Life is great!
Regarding the car market, is going where is should. Collector cars are toys, not investments. The prices at B-J are higher than I expected. Guys buying many of the cars are dealers I lknow.
Automotive8r
Well-known member
- Feb 8, 2007
- 237
Excellent points!! As I was saying, this cycle is doing it's objective...to make a correction! It got a bit outa hand on the housing end. The economy will correct itself when it is all said and done. I feel also this cycle is not done. It will get worse, but sooner rather than later.
If anyone here has studied the Fair Tax, (a book by Neal Boortz and Rep. John Linder I believe), and I mean "studied" I would be interested to share thoughts. I will start another thread on that topic as this thread about GT prices turned into an economic forum. I think it would be interesting to hear other opinions there.As for the GT prices... it is seasonal, and I would expect prices to again rise come springtime. How much, I don't know...I'm no "Carnac the Magnificent"
S592R
GT Owner
- Dec 3, 2006
- 2,800
ok guys, sorry to be gone for a while but I needed some time away to devote to the family. We had a loss and thank you all for your comments and prayers.
As for the car. I'm just changing colors ... thats all. Love the Heritage but it draws too much attention and its hard to really enjoy her at speed. A GT is still a GT but most people only identify a car by the color. So when they call the hipo on the cell phone its a yellow, blue, or whatever car ... when I fly by its that "65" car. Its not like I can tell a cop "honest officer it was the other number 65 car that was speeding... not me!" :bored
I may come to my senses and keep the car ... I have a few more days and a certain dollar amount that I would like to see.
Frank you are right .. the miles where a typo ... she has 9407 on her when I placed her undercover.
Matt is right .. I am looking and will stay in the fold.
As for the car. I'm just changing colors ... thats all. Love the Heritage but it draws too much attention and its hard to really enjoy her at speed. A GT is still a GT but most people only identify a car by the color. So when they call the hipo on the cell phone its a yellow, blue, or whatever car ... when I fly by its that "65" car. Its not like I can tell a cop "honest officer it was the other number 65 car that was speeding... not me!" :bored
I may come to my senses and keep the car ... I have a few more days and a certain dollar amount that I would like to see.
Frank you are right .. the miles where a typo ... she has 9407 on her when I placed her undercover.
Matt is right .. I am looking and will stay in the fold.
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AlohaGT
GT Owner
Steve, I'm sorry for your loss.
We're relieved to learn that you'll be staying in the fold - good.
So, I gather you've been stopped based on some cell phone tip and HiPo gave you a verbal warning?
We're relieved to learn that you'll be staying in the fold - good.
So, I gather you've been stopped based on some cell phone tip and HiPo gave you a verbal warning?
is it fair to say that the economy in so cal is almost completely different then anywhere else when you consider the population and the millions of million+ track (trac/tract) homes/developements that are out here?.... they are everywhere..... I mean everywhere
pauleddy
Owner
Every time the Fed eases credit, the U.S. dollar tanks further. Oil spikes over a hundred a barrel. The housing crisis and the sub-prime lending debacle point out how severely the real estate developers and the 'flippers" have been hammered. Morgan, Merrill and seemingly bullet-proof banks are being spun off to foreigners.
Many exotic car owners consider these types of cars as "image" toys or status symbols and when the SH*T hits the fan, as it currently has, the toys are the first to go.
Because of the increasing rarity of the FGT's, it's my personal opinion that these cars will increase in value, perhaps not a much as a good stock or bond, but surely a hell of a lot more fun, even siting in the garage!
Again, simply a personal opinion.
Welcome to the recession and yes, I DO drive mine like I stole it!
Many exotic car owners consider these types of cars as "image" toys or status symbols and when the SH*T hits the fan, as it currently has, the toys are the first to go.
Because of the increasing rarity of the FGT's, it's my personal opinion that these cars will increase in value, perhaps not a much as a good stock or bond, but surely a hell of a lot more fun, even siting in the garage!
Again, simply a personal opinion.
Welcome to the recession and yes, I DO drive mine like I stole it!
SYCO GT
GT Owner
The day will come for the Prius. Eventually, many will realize that they paid about $5,000 too much for an unexciting daily driver, the batteries will start to need replacement, and they won't be able to give them away. So, they'll start their very own environmental impact...
B O N Y
MODERATOR & FGT OWNER
You can thank the greens for our energy situation. If we used nuclear for 75% of our electrical needs like France does..., and tapped our oil resources coupled with fuel efficient vehicles we would not be in this mess.
Only a misguided person taps a home equity loan for anything but to purchase or improve existing real estate. The only excuse would be to finance education.
Folks tapped the line of credit to purchase collector cars, vacations, flat screens etc.
Regarding our FGT's the day Ford comes out with the replacement car pur cars will crash down 40% in value. Ford built to many cars for ours to appreciate. Remember Carroll Shelby's advise, build far less and charge double.
Only a misguided person taps a home equity loan for anything but to purchase or improve existing real estate. The only excuse would be to finance education.
Folks tapped the line of credit to purchase collector cars, vacations, flat screens etc.
Regarding our FGT's the day Ford comes out with the replacement car pur cars will crash down 40% in value. Ford built to many cars for ours to appreciate. Remember Carroll Shelby's advise, build far less and charge double.
pauleddy
Owner
tpraceman
THEE GT OWNER
SteveA
GT Owner/B.O.D
If Ford were to build a replacement or newer version in the next few years (not likely) I believe your correct. If they produce something 8 to 10+ years from now IMHO it may even help our valve. Our cars would then be thought of as "Original Ford GTs" and not last years model.:thumbsup
B O N Y
MODERATOR & FGT OWNER
Steve, I would not debate your point.
Sad Ford does not have a halo car.
Perhaps with a new marketing head and the impact of our forum we might be instore for a surprise.
Sad Ford does not have a halo car.
Perhaps with a new marketing head and the impact of our forum we might be instore for a surprise.