Ford GT's still being wrecked???

[RodKnock]

Originally Posted by REAL 1

My bet is that in 10 years or less they are $1 million dollar cars with even less no story cars at that time.

Alternatively, you could invest the $250,000 +/- into a 5-star level mutual fund or ETF that earns roughly 15% per year over a 10-year period and also get $1,000,000. There are roughly 100+ high quality mutual funds or ETF's that earn that minimum level (15%) of annual return.

Certainly not risk-free, but neither is owning a $250K +/- car that may (or may not) have the "potential" of being a $1,000,000 car.

Usually, Patrick is the person making these WAG's.

[twobjshelbys]

Originally Posted by RodKnock

Alternatively, you could invest the $250,000 +/- into a 5-star level mutual fund or ETF that earns roughly 15% per year over a 10-year period and also get $1,000,000. There are roughly 100+ high quality mutual funds or ETF's that earn that minimum level (15%) of annual return.

Certainly not risk-free, but neither is owning a $250K +/- car that may (or may not) have the "potential" of being a $1,000,000 car.

Usually, Patrick is the person making these WAG's.

You can't drive a ETF

I didn't buy my GT thinking it would every be anything but a depreciating asset. The fact that it isn't doesn't change the part of taking it out and driving it. Now that we are in Vegas it's a little easier to do.

I'd like to know what ETFs are turning 15% by the way...

[RodKnock]

Originally Posted by twobjshelbys

You can't drive a ETF

I didn't buy my GT thinking it would every be anything but a depreciating asset. The fact that it isn't doesn't change the part of taking it out and driving it. Now that we are in Vegas it's a little easier to do.

I'd like to know what ETFs are turning 15% by the way...

Research is your friend. Took me a couple minutes with an online screener.

Come on, who drives their FGT's? The FGT's that I see for sale have very little or are still in their wrapper with no mileage.

You may not be able to drive a mutual fund or ETF, but nonetheless, it could still put a smile on your face when see your monthly statement arrives, if you buy the right ones. Easier to sell too, when the time comes.

[OnyxRider]

Well all valid points but I just remember all the crashes years ago and was wondering if it still occurs in big numbers. Man there were some famous street crashes over the years with several Ferrari's busted in half like a water melon. Investment when it comes to cars is never in my equation.

By the way what is ETF? Oh wait I should know, man my * * * is rolling in his grave. lol


By the way there is an index for collectable investment cars out there but I really never follow it.

[Cobra #3170]

Originally Posted by OnyxRider

Well all valid points but I just remember all the crashes years ago and was wondering if it still occurs in big numbers. Man there were some famous street crashes over the years with several Ferrari's busted in half like a water melon. Investment when it comes to cars is never in my equation.

By the way what is ETF? Oh wait I should know, man my great grandfather is rolling in his grave. lol


By the way there is an index for collectable investment cars out there but I really never follow it.

The last or possibly previous issue of Hot Rod magazine showed a GT that crashed right by their offices in SOCAL. So yes, it is still happening although not as often because most are not driven as pointed out previously.
They are particularly dangerous on cold mornings because a stock one can make 600 RWHP in those conditions and the tires are near glass transition temps.

[fordracing65]

I need to sell my cars and buy some EFT's...

[NewYorkGuy]

Originally Posted by fordracing65

I need to sell my cars and buy some EFT's...

15% annual returns? lol, my dad knows a guy who promised 15-20%. His name is Bernie Madoff. This forum is awesome. I'm learning a lot about cars & watches.

I will stick to flipping sneakers. I missed out on the Nike Air Yeezy Red October. Damn. Sellers on ebay are asking $15,000 for a pair $245 retail. That is one heck of a return and u don't have to wait a year.

[buddyg]

Originally Posted by Cobra #3170

The last or possibly previous issue of Hot Rod magazine showed a GT that crashed right by their offices in SOCAL. So yes, it is still happening although not as often because most are not driven as pointed out previously.
They are particularly dangerous on cold mornings because a stock one can make 600 RWHP in those conditions and the tires are near glass transition temps.

They were 550 at the crank stock, I find it hard to believe it's going to make 600 rwhp on a cold morning.

[Cobra #3170]

Originally Posted by buddyg

They were 550 at the crank stock, I find it hard to believe it's going to make 600 rwhp on a cold morning.

First of all, intake air temperature has a very big effect on forced induction engines. Ford, as you may or may not recall had a problem with over rating Mustang HP years ago and got burned. Being a normal corporate entity they over reacted in the opposite direction and started being VERY conservative with HP numbers. The 550 GT number was based on worst case conditions and with a safety factor. The other piece of information you are missing is that the Recardo transaxlel loses about 5% HP and torque because of it's excellent design.
A personal friend witnessed the 600 HP pull on a chassis dyno during development of the FGT with a bone stock engine. These cars are not like many we see here where an overly optimistic (phoney) engine dyno HP number is excused by saying 20-25% was lost to driveline and exhaust when a sub par RWHP is measured.

[Dominik]

Originally Posted by RodKnock

Alternatively, you could invest the $250,000 +/- into a 5-star level mutual fund or ETF that earns roughly 15% per year over a 10-year period and also get $1,000,000. There are roughly 100+ high quality mutual funds or ETF's that earn that minimum level (15%) of annual return.

Certainly not risk-free, but neither is owning a $250K +/- car that may (or may not) have the "potential" of being a $1,000,000 car.

Usually, Patrick is the person making these WAG's.

My words! :-)

One could argue that you can't drive the mutual funds, but the answer is to do both:
buy that GT and the funds!