Not Ranked
I agree with Cal's comments and gsharapas. I myself bought a used SPF with a 427 and 1200 miles for the upper mid 40s back in July. Closeness to originality was important to me (ultimately the engine detailing is what I reference). It was a fair deal (by no means do I consider it a "bargain"), and the service backing behind it was of great value to me so I paid what I paid and do not regret it one minute. I also had to have it.
I do think the secondary market is going to suffer a bit with the economy. Let's face it, these toys are usually purchased last in the hierarchy of "needs", and often the first to go when times get tough for some people, just like boats, campers, etc. I agree with Cal, all it takes is tripping over a distressed one, and you are home free. I also think it will be interesting to see if this affects the primary new kit/car Cobra manufacturers and puts some price pressure on them if this blip holds.
Ultimately, short of financial distress, it will depend on how ingrained into one's lifestyle it is and many will ride out this economic hiccup or storm (I'm seeing signs of a storm). The nice part of the market is that a fair number of these cars are probably cash purchases, so people aren't choking on monthly payments.
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