2112
Blue/white 06'
Agreed, but there is a whole new car culture that is most interested in value, and how to make car ownership profitable.
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Barrett Jackson Scottsdale
- Thread starter BSim27
- Start date
Agreed, but there is a whole new car culture that is most interested in value, and how to make car ownership profitable.
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I actually think that this type of debate, like other things, is never black and white. People aren't necessarily good or bad and those that inquire or follow collector car values are not necessarily ill-intentioned or in it for a quick profit--to me this is clearly a case of "some have given others a bad name" and I feel it's unfortunate when we can't ask or post about values and avoid being ridiculed for it.
Here's my rationale. Aside from 1) those that can buy any car they want and not care about values and 2) those that want quick money, there is a third group of people, myself included, that is seldom mentioned but deserves consideration. I think they fall into the category of "prudent buyer." You see, I'm interested in values, not for short-term resale, but long-term asset valuation. I'm not in a position to purchase any car I want and not care about depreciation--as a financially responsible adult, I have to. Yet I still suffer from the same affliction as everyone here does...I absolutely love these cars. So when I go to scrape together the funds to buy one of these cars that would be considered "unobtanium" for the general population, I want to be relatively sure that one day, if I needed the funds in an emergency or perhaps when I am old enough to not be able to drive anymore, that I will be able to recoup some of my initial investment by selling. It's the only prudent thing to do when you're putting $600k into an asset you can't live in. Seems logical to me.
Now some may argue that if I can't blow $600k on a car and not bat an eyelash or worry about resale value that I have no sense buying a car like this. Perhaps they're right. Maybe I shouldn't buy a NGT. But cars are my passion and fortunately, if I work really hard, I'll have the opportunity to realize my dreams of owning one. Well, I'm getting closer by the day and hopefully my dreams will come true. Given my circumstances, I just need to be as sure as I can that this "investment" has some long-term stability. And although there is no such thing as a sure thing when it comes to money, cars or investments, it seems the NGT is turning out to be relatively safe (at least at this point).
So again, I'm not faulting anyone for getting annoyed by those that post or ask about GT values...I, too, have witnessed previous forum members poison the well for all of us and it's certainly not fair and it pisses me off--but we're not all cut from the same cloth. So if it annoys anyone to see a post about GT values to the point where they feel compelled to reply and state that values aren't important to them, then stop and consider all the possible motivations for asking or simply don't read the post at all.
I apologize in advance if I have offended anyone--regardless of your position, you are all my car family brothers and sisters. Thank you for sharing your passion with me. And please do not take any of my comments personally.
Here's my rationale. Aside from 1) those that can buy any car they want and not care about values and 2) those that want quick money, there is a third group of people, myself included, that is seldom mentioned but deserves consideration. I think they fall into the category of "prudent buyer." You see, I'm interested in values, not for short-term resale, but long-term asset valuation. I'm not in a position to purchase any car I want and not care about depreciation--as a financially responsible adult, I have to. Yet I still suffer from the same affliction as everyone here does...I absolutely love these cars. So when I go to scrape together the funds to buy one of these cars that would be considered "unobtanium" for the general population, I want to be relatively sure that one day, if I needed the funds in an emergency or perhaps when I am old enough to not be able to drive anymore, that I will be able to recoup some of my initial investment by selling. It's the only prudent thing to do when you're putting $600k into an asset you can't live in. Seems logical to me.
Now some may argue that if I can't blow $600k on a car and not bat an eyelash or worry about resale value that I have no sense buying a car like this. Perhaps they're right. Maybe I shouldn't buy a NGT. But cars are my passion and fortunately, if I work really hard, I'll have the opportunity to realize my dreams of owning one. Well, I'm getting closer by the day and hopefully my dreams will come true. Given my circumstances, I just need to be as sure as I can that this "investment" has some long-term stability. And although there is no such thing as a sure thing when it comes to money, cars or investments, it seems the NGT is turning out to be relatively safe (at least at this point).
So again, I'm not faulting anyone for getting annoyed by those that post or ask about GT values...I, too, have witnessed previous forum members poison the well for all of us and it's certainly not fair and it pisses me off--but we're not all cut from the same cloth. So if it annoys anyone to see a post about GT values to the point where they feel compelled to reply and state that values aren't important to them, then stop and consider all the possible motivations for asking or simply don't read the post at all.
I apologize in advance if I have offended anyone--regardless of your position, you are all my car family brothers and sisters. Thank you for sharing your passion with me. And please do not take any of my comments personally.
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PeteK
GT Owner
I think that even those who say otherwise care about the value of their cars. I think you’re right that there are a few that look at exotic cars as some kind of investment, or a way to turn a profit. If they can turn a buck, hey, that’s fine with me.
But I also think that most of the guys on this forum didn’t buy their cars as investments. Yeah, I keep tabs on what my high mileage car is worth, but that’s not going to stop me from driving it. Since I didn’t get an allocation for a NFGT, I’ll just try to catch up to Jeff’s 140Kmi!
So keep on bantering about values.
But I also think that most of the guys on this forum didn’t buy their cars as investments. Yeah, I keep tabs on what my high mileage car is worth, but that’s not going to stop me from driving it. Since I didn’t get an allocation for a NFGT, I’ll just try to catch up to Jeff’s 140Kmi!
So keep on bantering about values.
QuickSilverShelby
GT Owner
I bought mine for an investment.
An investment in my freakin happiness!!!!!
QSS
An investment in my freakin happiness!!!!!
QSS
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2112
Blue/white 06'
GTMD great counterpoint statement. And I agree, but the obsession with values and auctions is a relatively new cultural phenomenon in the car world. And it gets a lot of attention, both from inside and outside car guy circles.
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extrap
GT Owner
I bought mine because I'd been thinking about getting a weekend fun car, and was originally thinking $75-100K so I considered a 60's big block Vette, late model Vipers, C8s (unavailable), then late model NSXs (meh, boring), then started loosening the budget to the $ range of perfect 60s BB Vettes and gently used Italians 5-7 years old, then even almost-new ones, but then started thinking if I could find something that has a chance of not depreciating huge, well that'd be a reasonable goal because then I could justify spending however much I want. And while looking at one of BJ Motors' Vipers (which seem to be holding or even increasing) it sold, but they also had a silver GT, and that got me on the GT track. The rest, as they say, is history, and while I could've spent a lot more, now I feel like I got the absolute best choice out there! 
... and that every time I look at it, drive it or even just think about it, anybody who buys something else is missing out!
... and that every time I look at it, drive it or even just think about it, anybody who buys something else is missing out!
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I was there and unfortunately no, the drinks weren't very strong. But they did supply every bidder with 10 drinks a day!!
Chip
QuickSilverShelby
GT Owner
When I hit Barrett Jackson in Vegas I roll right through those 10 drinks in a few hours but I'm never inclined to bid on a car that I know nothing about. I am inclined, however, to have a few more drinks and enjoy the cars and the gong show going on all around me. I love it.
QSS
Niobond500
GT Owner
- Nov 28, 2020
- 36
Great points here. I fall into GTMD's category and would venture to say most do. We are all lucky to be in the positions to be able to consider purchasing cars like these. I venture to say most of us have worked hard for our money so we don't want to "throw it all away" with an irrational purchase. That being said at least for me when I'm about to make a purchase I try to determine if the amount of depreciation I will endure will come close to the "value" of the enjoyment I will get in the car. If those two amounts are close to the same value, I'm comfortable with making the purchase.
Howard
GT Owner
It's always a risk. In the early days who really knew the GT would appreciate? If you love the car the value is secondary.....within reason.
extrap
GT Owner
Carroll Shelby did! Shelby told the guy I bought mine from that he should buy one because they'll be going up in value. Of course, who ever really knows.
Great summary and agree!
For the record, I have no intention of keeping any GT (new or old) a wrapper car--does not interest me in the slightest. I intend on driving them! Presuming that these cars are likely to, at least, retain their initial investment value is very reassuring and makes the small risk of purchase well worth the massive enjoyment I'll receive from driving them.
PL510*Jeff
Well-known member
I saw a f/b post on B/J sale of a 6k 2005 GT for some big bucks. Doing the math --this GT appreciated $43.50 per mile driven. Using a GT, like some of us do, can add value faster than the always garaged, slightly driven GT's. I did the math on mine ---current market is now slightly over $6,000,000. Waiting for Rally 2021.
extrap
GT Owner
PL510*Jeff
Well-known member
Yes Sir. Covid year 2020-2021 only a few hundred. Did 200 or so, one weekend last October, when I was using the GT as pace/safety car. Track miles should count extra. Driven hard, parked at the end of the race day.
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extrap
GT Owner
Ha .. that's just crazy! Around here there are so few special cars that people stare at the GT ... pics, thumbs up, etc. Your neighbors must all be totally used to it!
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PL510*Jeff
Well-known member
My son gets calls from his friends "is your day ok? Haven't seen the GT lately.Ha .. that's just crazy! Around here there are so few special cars that people stare at the GT ... pics, thumbs up, etc. Your neighbors must all be totally used to it!
As you know "lots of stares, lots of thumbs up's and tons of photographs".