Quote:
Originally Posted by Volvo-brickster People are not going to buy this because of 1100hp.
They are buying it simply because it will have the name Shelby attached to it.
These are the people that will buy the car, wait for Shelby to die ( be a sad thing when he does ) and then in 25+ years and hope to flip it at Barrett Jackson for insane amounts of money.
Example = 1966 Shelby 427 for $5.5 mil |
You seem to forget the cost of storing a car, insuring it, among other things. You cannot throw a car in a garage and call it a day. I've seen many low mileage “muscle cars” ruined because they were not attended to. Faded paint, trashed fillers...So on.
This Shelby is a poor investment. You will be hard pressed to flip it for a profit. The following limited-edition Fords NEVER appreciated in value the past year past its MSRP.
--2003-4 Mercury Marauder
--2001-4 Ford SVT Lightning
--2000 Ford Mustang Cobra R
--2003-4 Ford Mustang Terminator
--2007-12 Shelby GT500
--2008-9 Shelby GT500 KR.
And the list goes on.
Many people purchased the 2007 Shelby GT500 in the anticipation that it will appreciate in profit. A record 10,xxx were sold. Right now, You can pick up a wrapper car in the low 30s. And the price will continue to go down. Lets face it, the people who could afford the muscle cars from the 1960s are rich white baby boomers. ,,,who wants to relive their childhood when these cars were dirt cheap.
The fact of the matter is the collector car market peaked in 2004. The prices have been falling steeply ever since. The buyers for the “muscle cars” have also litterly been dieing off. Look at all the collections for sale. Besides, no car should ever be considered an investment. It is a depreciating asset.
Also, imo...You shouldn't buy a car and have it rot in your driveway. Drive the damn thing.