Quote:
Originally Posted by bballr4567
Bingo.
Of course the Shelby will be more special in a few decades but Im buying to enjoy now. These idiots that worry about resale value in 40 years wont even get to enjoy the car.
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I'm not so sure that the car will be worth a ton of money in a long time from now. The main reason most of the classic muscle cars go for what they do at auction was because they were the pinnacle of performance for quite some time afterwards. The oil embargo and emissions reduced the newer car's performance substantially. That made the old vehicles more desirable.
My friend bought a 2010 GT500, kept it wrapped in bubble wrap and cleaned it with a diaper (not literally), and now he can't find a buyer at $30k. Why? It only has 540HP. The next year, the GT500 went to 550HP. Then, by 2013, it went to 660HP. Who wants to pay over original cost for a car that you can buy for less brand new with more power? He though he was going to make money, but now he can't even sell it for a substantial loss. It's in perfect shape with no miles, and he has been trying to sell it for a year now.
No one knows what Ford has up it's sleeve for the next generation GT350, or even if there will be one. But imagine if they bump up the HP from 526 to 550HP or something like that in a year or two. The "special" factor, will take a big hit.
And with rumors of a 700HP+ (or even 800HP+) GT500, how "special" is the GT350 going to be? The fact that it's a track car, and it has a FPC engine, will help, but it all depends on what Ford does next. If they up their game, it will lower the price. If they give up, and stop making high HP cars, the price will go up.
Bottom line, don't ever buy a new car hoping it will appreciate. Unless you are looking for a big tax write-off on your loss.