The Mayor and others we know "discussing" Ford vs. Fcars resale values.
- Thread starter BlackICE
- Start date
FBA
GT Owner
Here we go again....
Tell me, what better investments are there out there besides real estate, which in the USA in the past 7 years has been a disaster for many? If 200k car can bring in a million in 20 years, would you have a vehicle for investment that does as well with acceptable risk? I would love to know more...
Lets be more practical about this. I will rephrase - if a 200k car an appreciate only 15& annually, can you top it in the market with the same risk?
FBA
GT Owner
GTdrummer
GT Owner
I have had a 458 awhile, and am a member of F- chat. I almost have to force myself to go there now, and usually only if I am searching for the answer to a question.
You do have to account for insurance, storage and maintenance costs as well as any taxes and registration fees if not on MSO. Also if you are on the up and up, you have to deal with a 28% collectable income tax rate, plus the 3.8% Obama care tax as well. Other investments are probably less costly to hold and may have better tax treatment.
The biggest return on owning one is DRIVING IT!
What with Luke Warmwater's pissing in the Ford GT cornflakes over there?
Thought he owned GT. Regardless you would think a guy that owns a Spf GT40 wouldn't be knocking the FGT.
I can't believe I registered there but had to to set the record straight.
Sigh.
:frown
Thought he owned GT. Regardless you would think a guy that owns a Spf GT40 wouldn't be knocking the FGT.
I can't believe I registered there but had to to set the record straight.
Sigh.
:frown
fjpikul
GT Owner
Fracman
GT Owner
I suspect that $1million gt's 20 years down the road is quite possible, I just hope I is not accompanied by $1,000 gallons of milk and $500 loaves of bread while we pay $700 to go to the movies.
I have had a number of knowledgeable car people tell me they think in 10-15 years the FGT will be million dollar cars. How cool will that be?
He sold a FGT to buy a Spf GT40?
To each is own. Don't get me wrong I would love to have a Spf GT40 for many reasons. I love them. It is the one to have if you want a car to original GT40 specs short of an original which is 10x's the price... but no way would I sell my FGT for one.... for many reasons.
He sold a FGT to buy a Spf GT40?
To each is own. Don't get me wrong I would love to have a Spf GT40 for many reasons. I love them. It is the one to have if you want a car to original GT40 specs short of an original which is 10x's the price... but no way would I sell my FGT for one.... for many reasons.
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There right, but you have to factor in what the dollar will be worth when a FGTs are a mill.
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Mitty hits the nail on the head again. I made it through about three pages of that thread and had to quit. Good grief.
Chip
FBA
GT Owner
Insurance - $700.00/yr against loss (fire and theft)
Maint - $800.00 /yr to change all fluids /fuel etc...
Storage - free in my garage - and I get to look at it every day, like art on the wall!
Registration fees - NIL (not registered or licensed for road use)
Up front sales taxes, reimbursed within 3 months of purchase in 2011
Professional evaluation every two years - $125.00 which gets me an increase in the fixed value payout
When it's sold, there will be taxes to pay in Canada, where I currently live, same taxes as I pay for anything else I invest in. Meantime, it's already risen about 20% in the 18 months I own it. So if it goes up only 10-12% a year, it's still beating the rest of my portfolio, except for the real estate. It will never be worth less than what I paid, unlike some stocks I have owned. Full loss coverage would pay $245 today as per the fixed value in its policy.
So, how bad an investment is it really? I already have one I drive and that's not an investment for me.
If I had only one, it would not be an investment for me, but I'm fortunate enough to have a 2nd one just for that purpose.
otis
GT Owner
There's no arguing the facts that if you bought a Heritage at MSRP and kept in in wrappers it would be a very tough investment to beat. Hindsight is 20/20. I can pick 1000s of investments that would even outperform that if I could go back in time. I more valid question is would a FGT bought at today's market prices outperform other typical investments.
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pvgtX2
GT Owner
OK.....a different perspective on the math. In Jan 2012 when I was looking for a GT, typical selling price for a lower mileage car (<5k miles) was between 155-165 K. Since then, the S&P 500 has rallied about 26% and interestingly (If Shelby and others' assertion about current GT prices for the upcoming auctions are correct) GT prices have pretty much mirrored this with a 25-30% increase. This of course doesn't take into account ownership costs etc....but let's call it about even. I think you would agree that if the economy had not rallied, it would be pretty unlikely for the collector car market to have made the gains that it has. Interestingly, the ferrari collector car market (late 60's 330's etc) have almost tripled in value in the same timeframe mostly due to more international demand.
Like you, I agree that it's never good to put all your eggs in one investment basket, and I can't think of anything better than a car that I love to drive, knowing that it will almost certainly maintain its value and hopefully even go up significantly. Buying any of the 12 cylinder ferraris (612 or 599) in 2007 would've resulted in close to 50% drop in value for a low mileage car, and even more for a 4-5K miles per year car. Having said that, if money was no object, and I wanted one, I would get one in a heartbeat.
At the end of the day, I believe that there is something fundamentally different between a collector car and a Picasso or Monet painting. Some pretty prominent car collectors like Dr. Simeone and others have symposia about "when a car is too collectible / expensive to be driven." It's a pretty healthy debate, I suppose, but I'm pretty sure that a car with upwards of 4000 units produced never really enters this discussion. Looks like you have 2 GT's (one to drive and enjoy) and a second to serve as a possible investment tool, so I have a feeling we are actually speaking the same language!
At my age, I prefer investments that have slower but steady growth characteristics, but pay out dividends on a timely basis. Neither type of property (land or cars) is capable of doing this.
At a younger age with a rising income, the reverse was true.
Thus, it all depends on one's personal priorities, life style and needs.
At a younger age with a rising income, the reverse was true.
Thus, it all depends on one's personal priorities, life style and needs.
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Luke Warmwater
Permanent Vacation
Really cool and I hope they are. That said, that sort of talk is what invites some of the sarcastic responses you saw. May not be warmly received by most on here and that is understandable.
I did not sell the Ford GT to buy the SPF. I sold the FGT because it simply did not provide me with what I was looking for. It is nice car whose dollar appreciation is possibly unmatched by any other modern car. For lots of people that is what defines it as a special car. Not for me sorry. I bought the SPF several months later not even sure that I would like it. Luckily for me it turns out it is everything that the FGT is not. It has the look and the feel of a real race car that the FGT can never match. It also has the negatives of a real race car that the FGT does not suffer from. To each their own and in their own way they are both great cars. I don't know about a million dollar great but still very nice. There is not much I enjoy more than meeting up with some of my GT friends and going for a cruise. They are beautiful machines no doubt.