Old Feb 26, 2011 | 06:42 AM
  #55 (permalink)  
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West Peterson
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From: Dayton
Default Re: Crossfire SRT6...the anticipated classic.

Originally Posted by arado
THE ONLY DOWNSIDE TO THE crossfire is no racing history. The Cobra was built to race. And you can buy a new one today gary
Gary,

That's a BIG BIG downside. That being said, muscle cars are not all that rare, which may be why they're so desirable today. Back in the day, they were plentiful enough where people saw them regularly and lusted after them. Since the Crossfire is rarely seen, who is lusting after them? Even more important, there aren't enough people, even enthusiasts, aware that its derivative SRT even exists. 20 years from now, they may be forgotten about.

Investing in collector cars is a fickle proposition. It's extremely hard to predict correctly what will be valuable in the future. If it made sense, it would be easy and everybody would be doing it. For those who bought their "collector cars" in its value "trough," they may see some return on investment. For those who are enjoying their "collector cars" right now, they're already seeing a return on their investment.

The best advice for buying a "collector car," is to BUY WHAT YOU LIKE. That way, even if you never realize a profit, you still like the car and it doesn't matter if you're left holding the bag. Right now, the idea of Crossfires making the big time is pure speculation, and a risky one at that. The SRT, of course, will be the one that has the best chance. Of course, like "clone muscle cars," the SRT can easily be cloned as well.

In a nutshell, I'm not saying anyone is wrong who says the Crossfire and SRT will be valuable. Rarity by itself has very little to do with value or interest, while hyperbole seems to have more of an impact. I knew personally and worked for the main person responsible for "creating" the market for Cobras and Shelbys back in the late 1970s, when Shelbys were barely 10 years old. He was a master in hype, and so are the folks at Barrett-Jackson and all the other major auction houses. If you have no hype, you have few speculators jumping on the band wagon.
 

Last edited by West Peterson; Feb 26, 2011 at 06:56 AM.
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