What's the best way to sell a Cobra now?

[patrickt]

Originally Posted by meat

Therefore, it doesn't cost you anything to own a Cobra.

[jhv48]

Meat-head

He just likes to see who he can get to take the bait and argue with him.

Normally I would take issue but.............

Life's too short, its 75 degrees outside so I am going to get in my "investment" and take the wife to lunch at a nice beachside cafe.

Cheers all!

[mrmustang]

Going to borrow and modify an old set of lines from the movie War Games

Computer: Strange game professor, the only way to win is not to sell .

For those who have emailed me, I'll stand by my original post and leave it at that. As for the market being up or down, I believe right now it is a buyers market, and not a sellers market. Ask whatever price you want for your cars (cobras, SUV's, etc), but when the time comes to sell, be prepared to negotiate if you really are interested in removing yourself from the cars title/MSO........


Bill S.

[ENTDOC]

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.

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

[madmaxx]

cobra is not a good MONEY investment. Neither was Enron, Sunw, cisco, intc or an other of the 100's of dot com.stocks. I guess I could mention fidelity select technology and electronics and just about everyhting elso I owned LOL!! I bet there are some in the real estate market wished they bought a cobra.

You live, you work (most of us) and if you can at times play. Cobra is a toy but relative to other toys of the same inital costs such as boats, small planes, vacation time shares, which usually require off sight storage, higher insurance, heavy tow vehicle etc in the end you will spend less.

At the looks and attention you get when driving is priceless.

PS I made 10K profit on my first cobra.

[SP01715]

Originally Posted by meat

Which - of course - explains why recreational vehicles, aircraft, and boat prices all continue to dro ... wait a minute, prices on all of those items continue to increase! It's almost as if people with disposable income continue to purchase these items.

Your pal,
Meat.

Recreational vehicles and boats are definitely not going up. I live in So Cal (like you) and have a vacation house in Lake Havasu City , and boats and recreational vehicle prices are dropping. Drive around havasu (which is a mecca for boating and offroading) and you will see tons of stuff for sale at reduced prices. Dealers that sell these items are also reducing prices and they are still not selling much. I also have a good friend that built custom choppers and he is looking for other work now.

[ENTDOC]

never said you could not lose money in other ventures nor did I say you could not make money on the sale of a cobra,my Kirkham sold for 20K more than I had in it, but I do not have them for investments.

[Maurice Johnson]

There is obviously a wide range of opinion on what is driving this apparent glut of Cobras on the market. How much of it do you think is genuine financial distress, and how much of it is "chumming". For you non-fishermen, chumming is throwing bait off the back of the boat, and waiting to see what comes up to bite at what is being offered.

[Fitz]

I thought "Chumming" was asking your guest friend to jump in the water after that certain blood dripped $50 bill fell in the mess just a few minutes before. All by accident of course "Offsiisser, she was just there and then swoosh...she was gone. Don't know what happened to her". "Some guy with big black eyes took her"

[meat]

Originally Posted by ENTDOC

I said nothing about purchasing any other car,

Then you're in the wrong argument.

Originally Posted by ENTDOC

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

I think quite often.

As far as your statement ... you're just plain wrong.

Your pal,
Meat.

[jhv48]

Anyone want to take the bait?

Bueller, bueller?

[meat]

Originally Posted by SP01715

Recreational vehicles and boats are definitely not going up.

Interesting. Down here in Newport Beach the prices of boats change every model year ... and every price change is an increase. At the three largest RV dealership groupings, the prices of RVs go up every model year.

Not sure where you're living ... but if you can pick up a 2008 boat or RV for the same price a comparable model sold for in 1980 you should go out right now buy all you can and caravan them out of Fantasyland into the real world. You'll make a TON of money!

Your pal,
Meat.

[mikemustang514]

I bought my car in Dec. last year for $30,500. I got a great deal and everyone that has seen the car can't believe that's all I paid. Now, I'm trying to sell the car @ $28,500 because I am moving and only a few bites. I'm not going to give the car away because it is worth what I'm asking for it, I don't care what people are willing to pay. Christ, we are talking about super cars here, not toyota camrys. A beautiful big block race car that has run 100+mph in the 1/8th, (high 10sec 1/4 btw...), with a crate engine, low miles, extremely clean, nearly flawless paint....SERIOUSLY, what do you want for $28.5. Then people have the audacity to offer me $26-27...keep dreamin!

[double ugly]

Does this conversation come every Spring or is it my imagination?
I've always made a few dollars on the sale but the important thing is that I had a blast driving the car and really didn't care if or when it sold.
John

[meat]

Originally Posted by double ugly

Does this conversation come every Spring or is it my imagination?

Me naked is your imagination.

This conversation is real and - yes - it comes up every spring, usually right before Knotts.

Originally Posted by double ugly

I've always made a few dollars on the sale but the important thing is that I had a blast driving the car and really didn't care if or when it sold.

And that's exactly how it should be!

Your pal,
Meat.

[ENTDOC]

Originally Posted by meat

Then you're in the wrong argument.



I think quite often.

As far as your statement ... you're just plain wrong.

Your pal,
Meat.

afraid not Pal, buy for 30K, add tax , tag , gas, inflation, a few chrome goodies, then sell for 30K a couple of years later after adding the ad costs or EBAY fees and lost revenue on the 30K, even if in a money market, and viola: your 30k is now worth 20K. Pretty simple math if you ask me, or anyone with an education. An argument would assume two potentially valid sides, there is only one of those, and it is mine.

[SantaFe66]

Fitz........

Best comment of the thread!!!! LOL!

Owning one of these cars and enjoying it is all there is. Buy it (for what you can afford to pay), Drive the pants off it, Sell it for whatever and move on........ It's not worth the debate of whether you made money or not. Life's too short for sweating the small stuff.

Of course, it's a lot shorter for some of us and that's why we think the way we do.

Paul (gettin' shorter by the day)

[madmaxx]

I am confused (not unusual) a glut of cobras on the market? I remember reading years ago that there were over 35K replicas in existance, today I would guess 40K. Between here and cobra country they may be 50 cars. I guess I do not see the glut. There are a nitch car, you only have to find one buyer not sell to everyone. Now if I had 30K into a car and was trying to sell and someone offered 26k, I would probably sell, what the heck is $4K if it gets you out of a jamb.

[xlr8or]

You must be bored to keep arguing with a moron.

[mikemustang514]

Originally Posted by ENTDOC

afraid not Pal, buy for 30K, add tax , tag , gas, inflation, a few chrome goodies, then sell for 30K a couple of years later after adding the ad costs or EBAY fees and lost revenue on the 30K, even if in a money market, and viola: your 30k is now worth 20K. Pretty simple math if you ask me, or anyone with an education. An argument would assume two potentially valid sides, there is only one of those, and it is mine.

I have to disagree here. I bought my car from a private seller, as most of us do; that means no tax. It cost me $23 dollars to get a title and tags. To the DMV these are 40+ yr old cars. Insurance cost me $400 for the year. So I'd be out 30k +$423 bucks.

I don't think you can count gas because regardless of what car you buy you will use gas. Interest rates are pretty low now; $30 in the bank is gonna make you about $50 bucks a month. You do have to maintain the car but if it's a weekend toy there's not much maintenance except cleaning. Maybe the occasional part here or there. Oh yeah, Ebay will cost you about $100 bucks...I know I just had my car on ebay last month.

No matter how you look at it these cars are inexpensive to own. Try to buy a Ferari, register it, and insure it for a year for less than $500...Good luck. Same goes for any car of this caliber. This is why replica cobras appeal to me.

If you buy for $30k and sell for a few though less you are still ahead. These cars cost $300+ per day to rent and I keep one in my garage for much less than that.

Lets see $423/12 = $36 per month, + Gas which is about $100 per month for me. That's $136...call it $150. Add to that the opportunity cost of keeping $30k in the bank ($50...before tax) and your at $200. Then say you lose $2k in value. $2k/12 = $167 per month depreciation. Total it up and it costs you $367 a month for me to drive my cobra. Compare that to $300+ per day to rent one. I'd say its not a bad way to spend money. And, if you can sell for more than what you paid, you might be lucky enough to drive around in a cobra for next to nothing...ignoring the fact that money depreciates over time.