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The Terminator
Terminator Talk
Thoughts on value of CO Vert
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<blockquote data-quote="subobo0411" data-source="post: 16287626" data-attributes="member: 156792"><p>Buy a Cobra because it's something you really want and will enjoy, not because of what you will think it'll be worth one day. I'm sorry, but you guys are delusional if you think any of these cars are a good investment no matter how rare they might be. Let's look at the numbers to prove it out:</p><p></p><p>2004 Mystichrome Cobra Convertible (new): $40,000</p><p></p><p>Annual cost of ownership (conservative estimates)</p><p>Insurance: $750</p><p>Maintenance: $100</p><p>HVAC for Garage: $300</p><p>Cost of garage: unknown, but pretty significant if it's part of your home or an addition</p><p>Total: $1,150</p><p></p><p>Let's assume once these cars are 50 years old that's when they're going to be worth "big money" and we're all going to be rich (lol). $40,000 + 50 x $1,150 = $97,500 total investment.</p><p></p><p>Now, lets say instead I take that $40K and put it in an S&P 500 fund, assuming a conservative return of 7% and each year I deposit $1,150 in that account. You know what that amount is in 50 years????? <strong>$1.8 million dollars!</strong> I love terminators just as much as anyone here, but sorry, 99.99% of Mustangs of any model are not going to make you that kind of money.</p><p></p><p>Shorten the time period to 15 years (2004 - 2019), all else equal, your investment would be worth right around $144K. I don't see any terminators coming even close to that. Maybe in 35 more years you'll get $150K, but still far less than what you could have.</p></blockquote><p></p>
[QUOTE="subobo0411, post: 16287626, member: 156792"] Buy a Cobra because it's something you really want and will enjoy, not because of what you will think it'll be worth one day. I'm sorry, but you guys are delusional if you think any of these cars are a good investment no matter how rare they might be. Let's look at the numbers to prove it out: 2004 Mystichrome Cobra Convertible (new): $40,000 Annual cost of ownership (conservative estimates) Insurance: $750 Maintenance: $100 HVAC for Garage: $300 Cost of garage: unknown, but pretty significant if it's part of your home or an addition Total: $1,150 Let's assume once these cars are 50 years old that's when they're going to be worth "big money" and we're all going to be rich (lol). $40,000 + 50 x $1,150 = $97,500 total investment. Now, lets say instead I take that $40K and put it in an S&P 500 fund, assuming a conservative return of 7% and each year I deposit $1,150 in that account. You know what that amount is in 50 years????? [b]$1.8 million dollars![/b] I love terminators just as much as anyone here, but sorry, 99.99% of Mustangs of any model are not going to make you that kind of money. Shorten the time period to 15 years (2004 - 2019), all else equal, your investment would be worth right around $144K. I don't see any terminators coming even close to that. Maybe in 35 more years you'll get $150K, but still far less than what you could have. [/QUOTE]
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