Will our cars be a "collector car" anytime down the road?

[02 Sonic Blue]

Guys I am planning on putting my car away after this summer for about 3 years, when it is stored it will have about 20,000 miles on it. I am planning on keeping this car as long as I live, barring all financial reasons, I am putting it away because I just don't have any use for it while I'm in college. And it is too tempting for me to spend money on it. I figure after I get it out of storage in 3 or 4 years, I will hopefully have a well paying job and I will be able to drop 10-15 grand into it. This car just has a lot of sentemental value in it, so there is really no chance of me selling it, but back to the question at hand. 20 years from now, will our cars be worth anything? Or are they just going to be an "old mustang?" What about if it is highly modified? Built motor, KB blower, and all the other mods to be done? Any chance that those things will help its value down the road? Any input would be great, and thanks for your help.

Drew

 

[JonJon]

Doubt it, there are soooooooooooooooooooooo many of them. Maybe the Mach's, they are limited to 2 year production. I plan on keeping mine regardless.

 

[00BlackBeautyGT]

I think all Mustangs regardless of year, style or whatever becomes a classic. It's an American dream car.

 

[streetstang03]

look at the classic stangs now. esp. with how much the prices have been going up lately. they will get to the point where they will no longer devalue...they will continue to increase in value everyday. The SVTs, Machs, Bullits, Saleens, Roushs, Steedas will be worth the most, but they will all increase in value every day!!

They will be worth more if they are stock, just as now. Most ppl have to spend time resotring their classic back to original since ppl did mods to them over the years.

 

[Beau]

mine will be as long as i keep it in great shape

 

[Superhereaux]

an 'o2 mustang gt will be worth as much as an 'o2 f-150 20 years from now imo. how much would you pay for an '84 gt with 20,000 miles?

there are alot of current mustangs right now that i can see as being collectibles. 35th ann., bullitts, 100th cent., mach 1's, cobras and the 40th ann. mustangs (last mustang built in dearborn, last of the 25 yr. old fox/sn95 chassis)
at least those cars are a little special in some way, not like your regular mustang gt coupe. if it was a convertible, maybe.



also, modding a car won't help with the value of it. you'll probably end up losing money if you modify your car then try to resell it.
example: just because you paid $4,000 on a blower don't think the buyer will give you an extra 4 grand on top of the asking price. he'll probably offer less because he'll know it wan't just a "weekend cruiser" if you get my point

 

[jrc_03_gt]

mine will be worth something. I have a centennial edition coupe they only made like 715 centennial coupes! The production numbers are comming in the mail any day now directly from the dearborne plant. I was told they made more convertables than coupes in the centennial editions.

 

[ChadS98GT]

yeah I think it will have to be a limited production stang to really be worth much.....but I mean if you look back there are definately some mustangs that sell for quite a bit of money....but they are either insanely clean and stock....or insanely clean and modified(probably a show car quality).....but I would say it's gotta be more like 30-40yrs old....20 years won't do much for you...

 

[04DarkShadowGT]

well haveing a blown mustang all tricked out will be a real trick to keep running well for 20+ years. i would say a GT now is like an old 65-66 coupe 289. you can get those for under 10 grand easy. they really wont be worth much. definatly not what you paid for it.

 

[GoBabyVroommm]

Damn in 20 years my car will be worth two dollars. The War Horse has been through a lot of crap. O well nothing speical about the 96 GT except the 99 4v in it but then people 20 years from now will be like what a waste of money.

 

[mrvax]

If you plan to keep it for an investment, you can easily beat any rate of return elsewhere, ie: stocks, mutual funds etc. A car is something that should be enjoyed rather than stashed unless you have a lot of toys already and wouldn't miss it at all.

 

[new22003]

Almost any V8 mustang will be worth something but you will have to wait. Heck they sold wayyyyy more mustangs per year in the early days than they do now so to say that our wont be worth anything because there are so many is erroneous.

Take the 1966 models, they are worth quite a bit but that was the best selling mustang of all time. They sold 600,000+ mustangs in 1966. Today they sell around 200,000+ stangs a year. Just about every classic mustang has increased in value, minus the mustang II.

Mr Vax is right though, there are far better investments that cars. Drive your stang for fun. Unless you have an ultra rare car like a Cobra R it isnt worth storing them.

 

[02 Sonic Blue]

thanks for the input guys, i appreciate all of it. looks like the stang will be for sale then sometime soon. any takers...

 

[jrc_03_gt]

10 or 20 years from now they might not even be making v8's anymore. The way things are going with electric cars and cars that run on hydrogen. If resources become scarce all of our cars could be desireable. Then again it may cost an arm and a leg to fuel them. Who knows?

 

[john_324]

It depends on how you define a "classic". It's frequently defined as a car that's worth more in real terms in the future than it is now. By that standard, it's unlikely that any current Mustang will acheive classic status. There are just too many of them, without any significant variation.

I however think of classics as being either "major" or "minor". Major classics are the above, and are cars like '60s GTOs and Hemi Barracudas. Minor classics are cars like V8 Mustangs, mid-1990s Impala SSs...they don't start a feeding frenzy at acutions, but they are always in demand and hold their value pretty well (compared to regular cars).

We're actually having a pretty indepth discussion of exactly this issue in the edmunds.com forums right now, if anyone's interested.

 

[Barjam]

Stallion....

A mustang is a mustang. My first car was a 1979 (I bought it in 90 or so) mustang and I loved that thing. Eventually it completely died and I had to move on. Fast forward 14 years later (now with kids/wife/minivan etc) and I am able to get a mustang convertible as my daily driver. To me it brings back all the memories and in many ways it feels like the same car. The nice thing is they carry the visual cues forward enough that the car will remind you of that "first" car, regardless what year it is.

 

[StevenGT-02]

Keep in mind of this....In 20 years where will we be with the combustion engine? with the price of gas going up and stronger emission laws down the road? there might not be V8's and high horse power cars coming out of Detroit!!! Our cars will get an emissions break when they reach the so called classic age. Every generation of car gets harder to work and our cars are boarder line for the shade tree mechanic types..I would just keep it for these reasons. Just my 2 cents.

 

[Trublu01]

They won't be worth anything. They will depreciate as they would normally. The 2005 maybe worth something and definatley the 03/04 Cobra.

 

[decoy562]

I would think the Bullitts, Mach 1's, and Cobras will be worth more.

 

[2k2fourpointsix]

New mustang will never have the value of a classic from the 60's and 70's for the simple reason that they make to many of them. If you have a clean low mileage 2002 stang in 10-20 years it will be worth alot more than blue book value at the time, but it won't reasch collector car status like an old shelby. Compare a mint stock 93 GT with less than 20K miles on it for sale today, it might fetch 9 or 10 grand. The original sticker was probably around 15 grand back in 93 and the car will never be worth more than that. Bottom line is take car of your car. You won't make money by selling it, but you will be able to get more for it than an average stang. And any mods only decrease the sale value on a car.