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The Pub For General Automotive Related Talk |
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#31 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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I just took a look back to when i signed up on this forum, early 06.
One of the first debates i got involved with was about GT pricing and the unrealistic prices. My views then were that the bubble would burst as the economy slowed, cars fetching 5-600k then would drop to a more realistic 2-400k. I was shot down by the usual suspects who had so many GT owning friends and were in the know of all things GT... Prices were gonna hit 1mil, doubling the then prices, but no fear as these high end cars were owned by enthusiasts who were cashed up and didnt need to sell. Well sorry to say guys but my prediction was right then, GT's have fallen, and i doubt the fall has ended yet. I guess i still have NFI... |
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#32 | |||
Constant annoyance
Join Date: Apr 2007
Location: Japan
Posts: 567
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GT Club - no longer for ford enthusiasts, now for fat old men who need air con and power steering for the maccas drive through. |
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#33 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,566
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I think a more interesting point will be longer term.
Will the future generations hold the GT badge so dear to their hearts and wallets? In other words, once the current owners fall off will future Ford fans be willing to pay that much coin? Youd be wrapped if you where an owner that sold during the last boom IMO, it will creep back but that high again? hmm
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#34 | |||
Constant annoyance
Join Date: Apr 2007
Location: Japan
Posts: 567
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Quote:
its only a matter of time
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GT Club - no longer for ford enthusiasts, now for fat old men who need air con and power steering for the maccas drive through. |
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#35 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,566
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Emotion, build number, paint combo etc are all factors with cars; houses have a far greater reach with potential buyers.
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#36 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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#37 | |||
FF.Com.Au Hardcore
Join Date: Jul 2009
Posts: 727
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#38 | |||
Blue blooded
Join Date: May 2008
Location: Geelong, Vic
Posts: 1,638
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#39 | |||
Regular Member
Join Date: Apr 2009
Location: gold coast
Posts: 299
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#40 | ||
Cleveland Powered
Join Date: Dec 2004
Posts: 200
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I'm not sure why people care so much about what other people do with their money. Buying cars (especially Falcons) isn't a logical decision. People buy them because they love them. Do you think buying a brand new GT is a logical decision with the way they depreciate? Of course not. People buy them because they love them. Its not about money.
The only difference between buying a new GT or an old GT is that they stopped making old ones a long long time ago. That means you can't just order one from Ford. That also means that to get one you have to buy one from someone who already has one & may take a lot of convincing ($$$). |
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#41 | |||||
Captain Malcolm Reynolds
Join Date: Mar 2007
Location: Adelaide
Posts: 3,830
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Currently: 2014 Mazda6 GT (Daily) and 1999 Mazda MX5 (Fun Car) Previously: 2001 Ford Escape XLT; 2010 MC Mondeo; 1984 FD LTD; 2001 AU2 Falcon Forte; 2005 LS Focus Zetec; 1988 RE Colt; 1982 RB Colt; 1974 KE20 Corolla Quote:
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#42 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: QLD
Posts: 4,446
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+1 on the trans am however I think a very important point is being missed here and that is that sometime down the track you won't be able to drive them. This is based on the way this anti pollution stuff is going and the safety side airbags etc,you just wont be able to get the fuel to run them. So all they be is nice cars sitting in the shed.
Unless of course you are going to do an engine swap or something so as to be able to drive them. Just a thought what do you guys think.
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FORD RULES OK The more I know ppl the more I love my DOGS. 2011 SY Territory Limited Edition TS 2000 AUII SE ute IL6 |
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#43 | ||
Powered by Marshall
Join Date: Jan 2005
Posts: 1,138
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There is one other factor that I didnt mention which I think also has a serious impact on the top end of the market.
A lot of buying was fuelled by people settling up their own personal superannuation funds and investing their own cash in classic cars. Effectively they spent their superannuation on muscle cars. Which is great, however the problem is when you actually need those funds (when you retire etc) you actually need to liquidate the assets to generate cash. In addition to that when market prices fall in creates a whole other world of pain. That pain hasnt been realised yet (and to be fair, may never be if they can hold the asset long enough for prices to recover) So will be interesting to see how that all plays out. Also I think you get the "passing of the baton" effect. Like me, many people have owned them. I loved them, but in outright evaluations, you can get a whole lot more fun / performance / nostaliga for your money in other marques for a whole lot less, or if you can live with the depreciation, new simply eclipses everything in the performance stakes. Upshot is I would never invest my $ in a GT again at those prices. So unless there is a younger generation coming through (read sub 35) who have the passion and the cash, I'm not sure its all sustainable. /sermon mode off
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#44 | ||
FF.Com.Au Hardcore
Join Date: Oct 2005
Location: in my house
Posts: 846
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People loose money on cars every day you buy a new car now off the show room floor and tell me what it is worth in 10+ yrs you by a old muscle car now yeah it might go up and down but it will do better then your off the show room new ordinary car
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www.hellofabull.com what we do in our spare time |
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#45 | |||
N/A BOSS 390+
Join Date: Jan 2005
Posts: 3,648
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Quote:
I have been around GT's and owned them for around 20 years and still find it hard not to own both old and new. ![]()
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![]() ![]() FPV GT 03 /341 RWKW OF N/A POWER. XB GT 73 /OLD FORD MUSCLE ALL AUSSIE MUSCLE |
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#46 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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If you want to drive and enjoy a supercar then buy the DB9. If you want to look at and very occasionally drive (but not too far as you will get too many liles on it and not on the road in case some one hits it and not on a track as it will be uninsured and not when it it reaing as it will get wet and not early morning or evening as it will get bugs on it and not anywhere away from the freeway as it might get stone chips) it the buy a collectable. There are many people in retirement villages with stories of their art or antique or stamp or car or whatever collections that they sold for a fortune and now have huge amounts of money that they can't do anything with. There are also many people in the same situation with bugger all money but memories and stories of the amazing fun crazy adventurous and costly things they did during their life. Which one do you want to be? |
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#47 | |||
Long live the Falcon GT
Join Date: Feb 2008
Location: Victoria
Posts: 1,630
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I'm a Gen Y - and I will be building a muscle car collection for my 3 sons and I to enjoy in the future.... Some of them will be just basic classics and some will be mighty muscle cars... And honestly the only time I will care about the $$$ is when I buy them... because once I buy them - I WILL NOT BE SELLING THEM.... and I will always hold the "GT" significant in my heart, as I would hope anyone that is remotely interested in cars..... So, to respond to the quote above... I KNOW which one I WILL be
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#48 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Mate , looking at your signature you seem to be off to a flying start....Well done and good luck
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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#49 | |||
Long live the Falcon GT
Join Date: Feb 2008
Location: Victoria
Posts: 1,630
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I doubt whether the daily drivers will ever turn out to be classics (though in retrospect i'm sure that was the same thought of most in the 70s) I've already got my collection penned out.... I've just gotta find the cars.... and the cash.... Basically I need 4 x cars.... One for each son, and my own... Car#1 - Calypso XA GT 4-door (be it mock or real) just like the Phase IV Car#2 - ZH Fairlane 351 (must have vinyl roof for that retro look) Colour is not important at this stage Car#3 - Landau Coupe (darker original colour preferred) Car#4 - 1968 Dodge Charger (Hemi looker, with the rear hoop/stripe and pref 440ci... though a 318ci will do) That would do me I reckons.... I reckon I could get that all together for less than $100,000 (current financial climate).... Gives a broad range of classics.... Granpda cruiser, Go fast GT, Tough Coupe, and American Muscle (that ISN'T a MUSTANG or a 57CHEV)....
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#50 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
The ZH Fairlane brings back some memories...My Dad had a ZH Marquis in that light green/blue colour they came out in with cream vinyl roof.
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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#51 | |||
Ute Forum Moderator
![]() Join Date: Dec 2004
Location: Melb
Posts: 7,227
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Looking at the same auction the HK 307 is roughly the equivalent of an XW/XY V8 Fairmont and I'd say an expected price. The Torana I'd say was good buying if you were after one, the Galaxie was a case of top price for top car. Look at the Jag Mk2 - back in 1990 that would have been $50k - then the crash came, then they recovered, then prices decline as the car ages and passes it's 'peak' of around 40yo - exactly where the XW/XY is now. |
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#52 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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when it all comes back to it, if a shaker model makes you happy and you can afFORD the beast
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#53 | |||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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#54 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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I have just thought of a cunning plan, Baldrick.
A group of money enthusiasts decide to make a quid from the great unwashed. They chose something iconic that is a bit thin on the ground, say LJ GTR XU1, the car that beat that Ford whats its name thingo, you know the red one. They acquire a few of them for the going price of say $100,000 or so. As these cars are quite rare for a mere $3,000,000 they can grab 30 which would be a significant percentage of those made. Over a period of a couple of years they auction them off and make sure that one of the "group" wins unless the price is just too silly. e.g. If the price is $200k they buy it themselves if it goes to 400k++ they let it go. High prices are publicised, low prices are kept secret. Of course none of the "group" have any direct ties or at least none that can be proven. Mug speculators will always appear and grab one of these iconic LJs as they are a great investment, they seem to be worth more than anything else and are just going up an up. Bloody good investment these high profile LJs. Every second copy of "car scammer weekly", "Wotor" and Mheels" runs an "unpaid" story about them. Gradually the price of LJs skyrockets to between 5 and 10 times what they were worth a few years before even though everything else hasn't. The "group" decide to keep one or two of the best specimens and dump the remainder making themselves several million dollars untaxed profit before the bum falls out of the economy (as it does every 10 years) and the market for and value of LJs just evaporates, well except for in the mind of the new owners and the true believers. I wonder if anyone has thought of this idea before..... Do you think it would work? Can people be so blinded by legend and spin that they would fall for it? Nah..... They are only Holdens, no one is that silly...... |
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#55 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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The only thing the auction results from shannons shows is high priced OZ muscle is over.
All the big priced cars passed in or withdrawn. |
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#56 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,566
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Quote:
http://cgi.ebay.com/ebaymotors/ws/eB...K%3AMEWAX%3AIT A SVT Cobra R replica track car in the making for $8k + freight. Nearly makes you want to cry.
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#57 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: QLD
Posts: 4,446
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@polyal,you can go off ppl you know,fancy showing these sorts of cars,oh well time for a lotto ticket...sigh.
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FORD RULES OK The more I know ppl the more I love my DOGS. 2011 SY Territory Limited Edition TS 2000 AUII SE ute IL6 |
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#58 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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#59 | ||
FF.Com.Au Hardcore
Join Date: Feb 2006
Location: The Nanny State
Posts: 772
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I think there were a lot of people who were quite happy to pay big money for cars just so they could tell people how much they had spent.There were plenty of blokes getting around telling anyone who would listen that they had just paid a new world record for whatever it was that they had just bought.
I recall a comment made by someone from one of the upmarket auction houses who were selling a Phase 3.He said that overseas when someone buys a million dollar classic car they usually prefer to be anonymous and discreet and he couldn't understand why the people buying Australian muscle cars were so happy to tell people what they had spent. |
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#60 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Quote:
There is a very well known, supposedly 'in the know' member of this forum who said prices for HO's would never drop, but 'level out' before climbing again. He was wrong, clearly, what makes you think your crystal ball works any better. Oh and BTW, this same member claims our economy is on the comeback too, even though the projected growth for the September qtr was estimated at 1% whereas actual figures show a drop of 2.9%. Thats a 3.9% turn around Fact is proof is in the pudding, and the pudding has flopped. As for the current collectors handing down to off spring. Sounds good now, but who knows what their kids gonna want when their 30-40. We have a family member who recently inherited a number of cattle/sheep stations from his father. Now this bloke was born and raised on the land, knows little else and so it seemed like the perfect plan. Move forward 3 years and he's ready to sell as he cant be bothered anymore. If you asked his father 5yrs ago wether the stations would still be in his sons hands now the answer would most certainly be yes. Unfortunately things change and not everyone shares the same passions regardless of the upbringing and influences. |
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