Quote:
Originally Posted by meat
I disagree wholeheartedly for the simple reason that if the person with the money is looking to purchase a car, they're not looking to use that cash to invest in something that will "actually increase in value."
Furthermore, with Shelby getting closer and closer to kicking off, there is the real possibility that cars touched by Shelby may actually go up in value. It happened with Ferrari, and - while past performance is no indication of future results - there's no reason to believe that it won't happen again.
On a more positive note, you're incorrect in the belief that using the money to purchase a Cobra rather than any other car is a 'bad investment.' Cars - Porsches, Corvettes, Vipers, etc.; the fleet vehicles of the midlife crisis - are generally only worth 60% of what you pay for them in three years. In five years, they usually reach the low point - 30% of the purchase price - and stay there. A Cobra replica, on the other hand, remains at a constant value for three years, five years and - generally beyond.
Therefore, it doesn't cost you anything to own a Cobra. THAT'S a good investment.
Your pal,
Meat.
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I said nothing about purchasing any other car, but I will stand by my statement that a cobra is not a good MONEY investment. They may be wiser choices than the other cars you mentioned but are by no means a safe harbor for your cash, if they were then you would see them traded on Wall Street and I am not aware of such an entity. Only Shelby cars might have potential for increase in value when shel dies, and then only if they are original sixties cars, the newer CSX cars can be had with cash and a phone call. chuck
one more thing, if you think buying anything for X dollars and selling it later for the same X dollars amounts to no cost ownership, you need to work on your economics studies, I think you missed a chapter