No Reserve: 6-Mile 2003 Ford Mustang SVT Cobra
Bid for the chance to own a No Reserve: 6-Mile 2003 Ford Mustang SVT Cobra at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #70,641.
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No kidding. Never even appreciated the car they hadSuper cool, but what a bad investment.
A bad investment would be to sell at a loss or marginal profit. $35K new. Will likely hit $70K by the end of the auction. The current used car market made this the right time to sell it.Super cool, but what a bad investment.
It would need to sell for well over $200k just to equal market perform.
Closer to 250k.
That car @ 70k is equivalent to losing $175k
That's why I said bad investment, it'd be different if he at least put a few thousand miles of fun on it.
In what way?Super cool, but what a bad investment.
I'm not who you quoted, but I think what he is getting at is that if you took that same amount of money back in 2003 and invested in say the S&P 500 it would now be worth more than what that car will most likely go for.In what way?
If the buyer wraps it up and stores this thing for 20 years, guarenteed it will fetched multiple times what he paid for it.
Meh it does nothing for me. It’s a shame it was never enjoyed outside of dusting it.
You could just buy a die cast model, take up less real estate and do the same thing with it for a lot less money.
Also a low mile top tier price terminator doesn’t seem all that rare these days.