Brands/builds most likely to hold value

[Mark IV]

Originally Posted by Tim7139

Have Rod make a call for you, using his logic should get it for $41,500.

Bazinga!

[RodKnock]

Originally Posted by Tim7139

Have Rod make a call for you, using his logic should get it for $41,500.

My apologies, based upon the above statement, I seem to have hurt your feelings.

Did Dimis and I burst the SPF bubble by doing 5 minutes of research?

Logic isn't needed. Economic realities. It ain't selling at $56,000, I've seen it for sale a while here in the SF Bay Area. But only a serious buyer can make a deal happen in the mid-$40's. Is it not within the realm of reality that getting that $56K SPF for less than $50K? We have given you plenty of comparables from eBay, CC and Cobra Country.

[RodKnock]

Originally Posted by Mark IV

Bazinga!

Says the Superformance dealer from NY. No inherent bias there.

[66gtk]

I've been trying hard to stay out of this banter, but if a certain car (let's say 'vette, Cobra, 911, whatever) is worth $50K in the real world and typical examples are advertised frequently for $60K+ and can be negotiated down to $50-52K to make the buyer happy that doesn't mean the same car that is found advertised at $50K can be negotiated to $40K for a "real" seller and buyer. Perhaps the car advertised at $50K is offered by a REAL seller, and he's sick of the B.S. price inflations and lists his car to sell. I wish people wouldn't be so set on playing the games. If you find a nice car that you want for a fair price - buy it. Don't feel like you are getting screwed if you can't negotiate a cheaper price, when the asking price is already substantially lower than the competition. Not every seller lists his car for 10-15% over what they will accept.

[RodKnock]

Originally Posted by 66gtk

Not every seller lists his car for 10-15% over what they will accept.

No one here said "every seller"? No one used an absolute.

And I'd say most sellers, a preponderance, majority, have built in a cushion in their ask prices. The practice is about as common as house flies. And even sometimes when a seller's states the price is firm, that's not always the case.

And most of us understand value. And the argument here is whether SPF's can be purchased for mid $40K's. And the sales data plus one first hand account says "yes."

[ICCARS]

Originally Posted by RodKnock

No one here said "every seller"? No one used an absolute.

And I'd say most sellers, a preponderance, majority, have built in a cushion in their ask prices. The practice is about as common as house flies. And even sometimes when a seller's states the price is firm, that's not always the case.

And most of us understand value. And the argument here is whether SPF's can be purchased for mid $40K's. And the sales data plus one first hand account says "yes."

The actual argument/thread was based around the proposal of buying a Backdraft or similar for around the $40K mark or spending more on brands such as SPF or Kirkham in order to have a solid resale in 3-4 years when old mate looks to trade in and change his toy..
That said I have probably wasted tens of thousands of dollars on building cars but my personal opinion is that I have never bought a kit car or original whatever car to try and re-coup my money, as they are merely a transitional investment (win or loose) but you will always see a varying trend where some cars become popular, hence the price will go up and then become unpopular so price will drop - there are no certainties in life so enjoy the car you have or are looking for for it's looks, handling, power, awesome sound, wow factor, and uniqueness because tomorrow there will be another car that trumps the competition and worrying about resale is mute in the real scheme of things.. Just my opinion for what it's worth.

[Antny]

And for whatever it's worth, I paid the full asking price ($45k) for mine. I thought the price was very fair considering what the car is, what spares it came with, the thorough documentation, and the care that it received by the PO. The PO clearly took a financial beating, I saw no good to beat him any further. Besides, it's the exact car that I had "built" in my mind as a kid, right down to the color scheme. And, it was only a few miles from my house, so no transportation costs. I probably could have negotiated hard and got it for a few thousand less, but I'm not in this for the money aspect, I'm in it for fun. If I was a flipper, that would have changed the game.

[Mark IV]

Originally Posted by RodKnock

Says the Superformance dealer from NY. No inherent bias there.

I never said I was "fair and balanced"!

And I think speculating by someone not a party to the transaction on what someone will buy/sell a car for is mental masturbation.

A real buyer and a real seller will either come to terms or walk away from the deal. What I think car "X" will sell for has no bearing on the true value of the car. Something is only worth what a capable buyer will pay and what a willing seller will accept.

[Tim7139]

Originally Posted by RodKnock

My apologies, based upon the above statement, I seem to have hurt your feelings.

Did Dimis and I burst the SPF bubble by doing 5 minutes of research?

Logic isn't needed. Economic realities. It ain't selling at $56,000, I've seen it for sale a while here in the SF Bay Area. But only a serious buyer can make a deal happen in the mid-$40's. Is it not within the realm of reality that getting that $56K SPF for less than $50K? We have given you plenty of comparables from eBay, CC and Cobra Country.

We seem to be making progress.....only 48 hours and we've come from mid 40's to almost 50.
As an aside, my feelings don't get hurt by any particular BS forum commentary, if I wanted to buy a Cobra clone made from recycled beer cans I would have bought one to begin with, mine serves it's intended purpose adequately, uninfluenced by any particular outside opinion.

[RodKnock]

Originally Posted by Mark IV

And I think speculating by someone not a party to the transaction on what someone will buy/sell a car for is mental masturbation.

A real buyer and a real seller will either come to terms or walk away from the deal. What I think car "X" will sell for has no bearing on the true value of the car. Something is only worth what a capable buyer will pay and what a willing seller will accept.

First of all, mental masturbation is all we do here. You take that away and.....

Secondly, thank you for the economics lesson. I guess that semester of Econ 101 at the local Community College paid off. (just kidding)

[RodKnock]

Originally Posted by Tim7139

We seem to be making progress.....only 48 hours and we've come from mid 40's to almost 50.
As an aside, my feelings don't get hurt by any particular BS forum commentary, if I wanted to buy a Cobra clone made from recycled beer cans I would have bought one to begin with, mine serves it's intended purpose adequately, uninfluenced by any particular outside opinion.

The progress that was made here is that there are several actual SPF sales on eBay for roughly $45K and a bunch of other listings that couldn't make reserve but bidding stopped in the 40,000+ range. Sales in the mid-40K are regular, common or whatever adjective you would like to use.

And there's an SPF with an FE asking $56K locally.

[Mark IV]

Originally Posted by RodKnock

Secondly, thank you for the economics lesson. I guess that semester of Econ 101 at the local Community College paid off. (just kidding)

Nah,

The local CC tossed my a$$ after three semesters. I matriculated to H. Knox University where I earned an MBA with a minor in alcohol studies.

A lot of years in the automotive business has taught me "real world Econ 102".........

[Cobra-Kid]

I spent a lot of time looking last summer, and I would say CSX, ERA, SPF. I wanted an aluminum 427FE, so in the end my choices were not numerous, I ended up with SPF.