Backdraft Valuation

genolan · #1 (**permalink**) 05-20-2016, 06:10 AM

I'm thinking about selling my Backdraft #388 and wanted to get an idea of it's value.. I searched Cobra country and this web site and they seem to be priced near $50k. I'm looking for people who recently purchases to chime in.

Built 2006 #388
Crimson red with gray ghost stripe and brown interior
408 stroker TK500 trans
Soft top and tourneau covers
Heater and ceramic coated headers
7500 miles
excellent condition and well sorted

Thanks
Gary
North NJ

mrmustang · #2 (**permalink**) 05-20-2016, 10:46 AM

Quote:

Originally Posted by genolan

I'm thinking about selling my Backdraft #388 and wanted to get an idea of it's value.. I searched Cobra country and this web site and they seem to be priced near $50k. I'm looking for people who recently purchases to chime in.

Built 2006 #388
Crimson red with gray ghost stripe and brown interior
408 stroker TK500 trans
Soft top and tourneau covers
Heater and ceramic coated headers
7500 miles
excellent condition and well sorted

Thanks
Gary
North NJ

Realistically it depends on the actual condition and presentation of the car.

Right now, maybe $43,500-$48,000 tops if presented extremely well.

My suggestion, BAT (Bring a trailer) as a BDR has yet to be presented on their new auction format.

Bill S.

Xmas · #3 (**permalink**) 05-24-2016, 07:40 PM

Quote:

Originally Posted by genolan

I'm thinking about selling my Backdraft #388 and wanted to get an idea of it's value.. I searched Cobra country and this web site and they seem to be priced near $50k. I'm looking for people who recently purchases to chime in.

Thanks
Gary
North NJ

I just bought basically what you have number 1165 with 900 miles on it for $45000.

Xmas · #4 (**permalink**) 05-24-2016, 07:46 PM

Quote:

Originally Posted by genolan

I'm thinking about selling my Backdraft #388 and wanted to get an idea of it's value.. I searched Cobra country and this web site and they seem to be priced near $50k. I'm looking for people who recently purchases to chime in.

Thanks
Gary
North NJ

I just bought basically what you have number 1165 with 900 miles on it for $45000.

genolan · #5 (**permalink**) 05-25-2016, 05:41 AM

Thanks, I feel like a good starting price should be $49,000. I just have to make the decision if it's time to sell or hold.

blykins · #6 (**permalink**) 05-25-2016, 06:26 AM

Call Jay at Vintage and ask his opinion. I think they deal with pre-owned Cobras...

Cashburn · #7 (**permalink**) 05-25-2016, 08:10 AM

Quote:

Originally Posted by blykins

Call Jay at Vintage and ask his opinion. I think they deal with pre-owned Cobras...

Early car. It's what is called an RT2. The car mentioned above at $45k would be an RT3 and not the same valuation. Just like any used car sales there are private party and retail sale numbers.

There's a big void in the $35k to 45k price range. You would be inside that, I would say right in the middle

rfagundo · #8 (**permalink**) 07-11-2016, 09:31 PM

Cashburn,

What are the differences between and RT2 and RT3? when did the RT3's begin??

Cashburn · #9 (**permalink**) 07-12-2016, 06:54 AM

Quote:

Originally Posted by rfagundo

Cashburn,

What are the differences between and RT2 and RT3? when did the RT3's begin??

The RT3 came in around build #900. Changes are rolling for Backdraft cars so the RT3 of today is a little more advanced than the early RT3s but you can include some of these enhancements in the change:

Frame Improvements
Seating Position
Seats
Battery Relocation
Engine Compartment Size/Space
Fuel Tank Change
Flanged Sidepipes
Paint Supplier and Process Change
Reduction in Refurbished Content

BDR_Boy · #10 (**permalink**) 07-12-2016, 09:46 AM

I guess location plays a part in it as well. I just recently entered the hobby after YEARS of research on what I wanted... what I was willing to do... and what I was willing to pay.

I stumbled across & bought #509 (2007 build) earlier this year... had 900 miles on it... still looks new... and I paid in the upper 30's (seller had wanted in the mid 40's). The car even has a little provenance... in that it was previously owned & sorted by noted Cobra enthusiast Jay Nordstrom.

I'm very happy w/ the car & the manufacturer I chose... and very happy with the price I paid... but... that's in S Texas... and it would seem that the prices down here are a little lower than elsewhere.

I'd say Cashburn nailed the price range.

Antny · #11 (**permalink**) 07-12-2016, 10:38 AM

Just my opinion: the problem with these cars is this: every day, more Cobra replicas are being built. So the supply chain is increasing, which means in theory; prices will be going down, not up....as more and more become available. So if you're thinking of selling, holding probably isn't the best move...they are only going down in value, not up.

Cashburn · #12 (**permalink**) 07-12-2016, 05:41 PM

Quote:

Originally Posted by Antny

Just my opinion: the problem with these cars is this: every day, more Cobra replicas are being built. So the supply chain is increasing, which means in theory; prices will be going down, not up....as more and more become available. So if you're thinking of selling, holding probably isn't the best move...they are only going down in value, not up.

That has not been the case with Backdrafts. Since new car pricing keeps going up and the demand has grown as the brand is more known, the older cars have been trending up. The last year has been really strong.

Antny · #13 (**permalink**) 07-12-2016, 06:51 PM

Quote:

Originally Posted by Cashburn

That has not been the case with Backdrafts. Since new car pricing keeps going up and the demand has grown as the brand is more known, the older cars have been trending up. The last year has been really strong.

Cool! Being a dealer, I imagine you have a relatively large data base to show this value trend. It would be good to post it to help out the OP put a number on his car.

rfagundo · #14 (**permalink**) 07-12-2016, 10:01 PM

Cashburn,

Do you have any history on #841 by chance. It is a silver/black stripe (and blacked out) with Roush Supercharger. I'm curious if it made the RT3B cut, or is it an RT2?

casedoc · #15 (**permalink**) 07-13-2016, 10:11 AM

Hmmm...Now I'm starting to wonder what the current value of my #153 would be...

Cashburn · #16 (**permalink**) 07-13-2016, 01:43 PM

Quote:

Originally Posted by rfagundo

Cashburn,

Do you have any history on #841 by chance. It is a silver/black stripe (and blacked out) with Roush Supercharger. I'm curious if it made the RT3B cut, or is it an RT2?

We did not build it so I cannot confirm either way.

Cashburn · #17 (**permalink**) 07-13-2016, 01:45 PM

Quote:

Originally Posted by Antny

Cool! Being a dealer, I imagine you have a relatively large data base to show this value trend. It would be good to post it to help out the OP put a number on his car.

Sure, what is your profession and can you supply me detailed information you have collected over the years? For free and all

Kobura · #18 (**permalink**) 07-13-2016, 02:06 PM

I am leaving the setting of the sale price of my car to my heirs ... along with the car.

Antny · #19 (**permalink**) 07-13-2016, 02:42 PM

Quote:

Originally Posted by Cashburn

Sure, what is your profession and can you supply me detailed information you have collected over the years? For free and all

I'm a porn star stand-in. Join Club Porn Star Stand-in forum and I'll be happy to share the info with you there.

But seriously, is that info top secret? Not sure why value trend data would be, or harmful to publish, but yeah ok.

Cashburn · #20 (**permalink**) 07-13-2016, 03:01 PM

Quote:

Originally Posted by Antny

I'm a porn star stand-in. Join Club Porn Star Stand-in forum and I'll be happy to share the info with you there.

But seriously, is that info top secret? Not sure why value trend data would be, or harmful to publish, but yeah ok.

I guess you have no competition?