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Old 01-27-2009, 10:50 AM
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Bartruff1 Bartruff1 is offline
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Join Date: Nov 2007
Cobra Make, Engine: Midstates/Shell Valley Street Cobra
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Default I am also shoping (gt40)

You certainly are in a buyers market. My two cents to you is to buy a existing car with a clear title or MSO IN HAND. However well intentioned or honorable the sellers might be, in this market, they might not be in control of their near future. I owned shares in Citi, Bear Stearns and Goldman and they kept telling us that things were fine and I am sure they were not lying but in credit markets things can change overnight. I would not put a deposit on a car. If things go wrong, the banks and other creditors will have priority. What I am doing is checking Ebay to see what people are willing to pay and right now that is less than 40k for a cobra and less than 65k for a GT40 and I expect the market to soften in the next 12-18 months. I really don't think you can go wrong on a late model low mile used car. I doubt you can build one for the current market price unless you just want to build one. These are very tough times and likely to get much worse. I have a SPF MKIII and I ride it like a motorcycle, same weather, same roads, tons of fun....

Last edited by Bartruff1; 01-27-2009 at 11:32 AM..
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