Yeah, I know.. I just bought one, lol. Thats why I'm wondering, I don't want to put money into an investment like this, only for it to drop in value..
the fox will hold its value, but you mention investment. i wouldnt buy a vehicle as an investment lol.
No intentions of selling mine so doesn't nother me.
If anyone ever pays over 10k for a clean foxbody they should honestly be bitch slapped. There are just 2 many around..
Yeah, I know.. I just bought one, lol. Thats why I'm wondering, I don't want to put money into an investment like this, only for it to drop in value..
I will have to bring up a point about investing. Yes if you make a profit on something you purchased for one amount then sold it for a larger amount, even though not much more, I guess you could call it an investment, but your using that term VERY loosely.
Cars are actually a poor investment in money terms. Look at where high valued cars such as the Hemi, Camero and muscle cars of the 60s sell. At Barret Jackson this year, which gets the highest prices of any auction in the country most good cars were from 100,000 to 180,000. An average Mustang went for around 60,000 to 80,000.Of course the most desirable, such as the GT500s, cobras and such went for more, but they should.
Now consider what those cars cost new, lets say and average 4,000 to 6,000. To return a profit of 96,000 to 176,000 in 35 to 40 years, that is a bad investment. People can save and make 100s of thousands to millions with different investments, depending on how aggressive you are.
Don't get me wrong I own a fox and will probably sell it someday in 20 or 30 years, but I wouldn't call it an investment, just a hobby. If I make money in the end that is great.
Include all the maintenance you do to it in between your profit is even less.
If you want to invest and make money, invest in yourself.
Ahhh, yet another one of these threads spawned by Fox hopefuls hoping their cars will be worth something one day. Didn't we just have one of these a couple of months ago....and a couple of months ago before that?
My opinion...nope. They'll hold their value to a certain extent since they are after all quite popular, but the sad truth is, is that there were too many of them built to make them a rarity or hold any sort of collectable value. Regardless of what some of the delusional owners of these cars are asking for them in the local auto trader anyone asking anything more than $3,000-$5,000 for a mint, “stock”, low mileage Fox Body is out of their mind IMO. Bolt-on’s will get you a little further with some, but only to an extent. And gaudy bolt ons (even if they were expensive) are actually going to hurt more than help. You’ve still got to remember what kind of car you’re dealing with and be realistic about its value.
I totally see where you are coming from and I don't know much about investing. I will have to say, buying a car back in the day, keeping it that long and coming out that much on top is a good investment! Anytime you make money is a good investment.
I just think people get the wrong idea while building cars. If you can't afford to sink 5,000 into a car or even 50,000 into a car, then don't. I would only build a car for an investment if I could afford to live that certain amount of time without that money I would be putting into it. I would make sure I still have and make enough to support everyday needs. Like said above....it is more of a hobby than an investment, but you win if you make money.
I'm not trying to turn this into anything.....I just think, if you can make any amount of cash on a car, do it. I have been flipping them for 10 years now.
If it's not a low mileage original, or a limited model don't hold your breath. that being said it's still a classic in my book, there is nothing like see'ing a nicely done up fox driving down the street, brings a smile to your face. just have fun with it and enjoy it , that's the real value .
But that's the problem isn't it? Your book doesn't necessarily set the bar for the cars value. You see it as a classic in the making, the general public views it as a cheaply built, so-so quality 2-door RWD Sport couple that was built during the low point of the automotive crisis (what we all remember as the 80's) to pull Ford out of the fire. It's the classic case of a car owner who's fallen in love with their car and thinks it's worth more than it really is. You see it all the time with 3rd Gen F-Body, RX7, and Datsun/Nissan 240/260/280/300 owners. They loved it, so they think everyone should. It's now making a comeback with Civic, Sunfire, Saturn and any other 4-cylinder econobox that some aftermarket company makes a fart muffler and a wing for.If it's not a low mileage original, or a limited model don't hold your breath. that being said it's still a classic in my book, there is nothing like see'ing a nicely done up fox driving down the street, brings a smile to your face. just have fun with it and enjoy it , that's the real value .
I get your point too! In fact the first large some of money I made was when I was 16 and finished restoring a 69 Nova 396. My Uncle who restored cars for a living helped me and I ended up make a good bit of money in the end. Would I call it an investment, maybe, but not a good investment! According to the dictionary term it would be, but in today's money terms no.
It took me and my uncle 2 years to rebuild that car in our spare time. We made 10,000 dollars,of course that was back in 89 and it wasn't that desirable of a car. I have made 10,000 on the stock market and investing over the last 3 months. So I would call it a hobby with some money benefits, unless you do it for a living.