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So after 14yrs I decided to sell my 69 Mach Clone. There was too many u solved mysteries and unique issues with the car and the second engine rebuild just made it tainted.
That being said, I have the opportunity to buy a 2004 Cobra TERMINATOR and I want/need this forum to help me decide if I should or shouldn't. If it's a good idea or not?
Not even 60,000KM, two owner car. No rust, garage kept never winter driven. Smaller Pulley upgrade, Flash's PCM and Flowmaster exhaust.
Thoughts?
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The '03/'04 Cobras were fast, good handling cars. Get traction and you'll blow the IRS out from under it, but on street tires it won't be an issue. You have to be careful with a car this fast though. You also have to consider how it was used/driven. 60km seems low mileage, but for a car that could have been driven very hard it could effectively be several times that in terms of wear and tear. In the end it depends on what it costs vs. what's it worth. IMO these cars will definitely be collectible, but they are still on the downward swing value wise. It will likely be worth less than you paid for it every year hereafter for another 10 years, at which point the value will start to rise again, and given the rarity and what these cars were in their day, they could appreciate quite nicely. Like any hobby car purchase it doesn't really matter if its what someone else would do; its whether or not you want to do it.
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How about a 70 Hemi Barracuda?
Something that SOUNDS like a muscle car at least! New Mustangs sound wayyyyyy to Japanese! Audi makes a killer fast car too + score 30+ MPG. Same with Lexus very quick and all the gizmos you could dream of. They even park themselves for you.
Lotsa choices once you've "given-up" on the FIRST true pony car.
6sally6
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Main thing is you will be hanging out with a WAY DIFFERENT group of Mustangers.
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MS wrote:
Main thing is you will be hanging out with a WAY DIFFERENT group of Mustangers.
Absolutely stellar observation! While I could argue with TKO about the way they sound (with the right exhaust it's awesome, especially the blower) there's no argument that the community is totally different.
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M1Mustang69 wrote:
So after 14yrs I decided to sell my 69 Mach Clone.
Thoughts?
It's a pretty small group who are happy that they've sold their classic Mustang.
Last edited by rpm (10/08/2019 11:33 AM)
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rpm wrote:
M1Mustang69 wrote:
So after 14yrs I decided to sell my 69 Mach Clone.
Thoughts?It's a pretty small gorup who are happy that they've sold their classic Mustang.
Or any other classic cars, guns, tools or stuff they were able to collect and then let "practicality" take over. Don't ask how I know...please, don't ask. It's too painful.
BB
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The lesson I learned growing up listening to so many "I never should have sold that car" or "I wish I still had that car today" stories from my Dad, uncle, etc. was NEVER to sell my first car. I am fortunate I never found myself in a position where selling it seemed like the only choice, fortunate that I always had a garage to keep it in, and very lucky to still have it today. People are awed when I tell them its the car I had in high school, not a car like the one I had; the same one. In the end, warts and all, its my car, and there will never be another like it because its mine and has been since before I could legally drive. That's something that once sold could never be bought back by buying another car. BB and rpm are spot on here.
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Many, many years ago I traded my first motorcycle in on a newer one.
Today that model of bike is selling for close to $200,000.00.
The one traded it for is valued at about $125,000.00.
If only we knew.
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I can commiserate, maybe not on the value, but missing my 1st car. It was a 66 coupe that I bought in high school and hotrodded all over the place. Why oh why did I sell it
Last edited by Raymond_B (10/08/2019 5:36 PM)
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My 55 T-Bird led to my Mini that led to my Mustang that I bought in 78. Missing the T-Bird so much led me to the Mustang and tought me to keep it. Right after I sold it, it's value sky rocketed. If I would have kept the T-Bird I would have a different personality.
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My first car was a 1947 Studebaker. I don't miss it at all.
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I think WE got derailed here........Im in need of some guidance here; I sold my 69 cause there were a few ISSUES that never seemed to get resolved and i just didnt love her anymore..........I also have a Black 68FB fully restored except the interior is in need of some TLC and attention.....We all know those cars in particular have SKYROCKETED out of control as far as price goes, but its not off the table....technically I could buy both the 68 and the TERMINATOR.......
I just need to know if the TERMINATOR would be a "good or wise" purchase? is it revered? Desired? Will it be the 1967/8 GT500 of our modern day in everyones opinion?
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Modern cars in my opinion will never make value of early Shelbys. Too many made and no real historical value.
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Hmmmmm...don't know.
It seems like there are so many variations of high performance Mustangs now......Shelby/5.0/Terminator/Boss this/Boss that... plus all the OTHER car makers. Looks like the "pool" of high performance cars is pretty large compared to years back (Shelby 500/HiPo 289/Boss 302/ Cobras/Panteras/etc.) The different varieties are large butt........!!
I don't know......there ARE MORE people now who seem to make more money than the hey days of the 60's... That could be a plus OR a negative.
If you bought the Terminator and parked it for 20+ years it COULD be a good investment butt what-kinda-fun-would-that-be?!
A-HAAAA moment!!!.......Buy the Terminator....park it....trick out the 68FB.......drive it to the bash (so we all can enjoy it)...drive and enjoy the 68 and let your grandchildren benefit from the Terminator's money! I'm sure they will all say what a smart and "cool" grandpa you were to save a piece of history. (on the way to the bank in their.... hi po electric non-polluting human transport device!! )
6sal6
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Termi’s are an awesome performance car, next best thing to a Coyote engined Mustang.
Check it out to see if has been abused, a smaller blower pulley and an aftermarket tune are indications it has been hot rodded.
The only issue I had with a stable including a classic and a later model Mustang was what car to take out when going for a cruise.
If the deal is one that can’t be passed up and you have the room for it, go for it. I don’t like storing any of my cars outside.
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I don't see cars like that ever achieving the status of the '67/'68 GT500s.
First, they built all of 3,590 GT500s both years, both body styles, all options. By Contrast they built 19,140 '03/'04 Cobras. Rarity simply isn't on the side of values skyrocketing.
Second, you also have to consider that expensive as they were new '67/'68 Shelbys were not thought by those who bought them to be something that would appreciate in value. After 15-20 years they were just old cars. What eventually happened to old musclecars had never happened before in terms of collectability driving crazy high prices decades later. A big part of that was that the Baby Boom generation, which was much larger than the succeeding generations, retired with great pensions and savings and used some of that to buy their high school dream car. The people who will be retiring in 20-30 years don't have those gold plated pensions. People will be working longer, living longer, etc. and I don't think the math is as advantageous for future generations in terms of being able to make a large purchase based solely on sentimental reasons.
Third, the perception of future collectability means that though in the minority there are fair number of '03/'04 Cobras out there with almost no miles on them, sitting in climate controlled garages waiting for what their owners perceive as the inevitable enormous appreciation that will allow them to cash in big time. Sure, some of these cars got raced, some got and will continue to get wrecked, but those perfect examples in hibernation are going to depress the values of the drivers that are left. They will be like a barn find, but the barn was climate controlled, free of pests, etc. and there are a lot more barns. Sure, people will see those cars sell for $150,000 in 30 years on Mecum, etc. and think their clapped out driver must be worth $100,000, but what is the market really bringing? Assuredly much, much less, because people aren't stupid. They know how much its going to cost to try and turn that ragged out driver into a show car. Parts availability, labor costs, and the complexity of those cars being much greater than the '60s cars is all going to factor in.
Fourth, I'm sure at some point they will be worth more than they are now, BUT you have to look at the value of money over time. Inflation means a lot, because there's a theory that crazy price fluctuations aside, in general commodities don't actually appreciate in value over time; they just keep pace with inflation. So, sure, the number of the selling price goes up, but what's the value of money done? Its only going to go down in terms of purchasing power.
I've seen this happen in another market. I've collected and read comic books for years. Starting in the '80s old comics started selling for a lot of money. All the rare stuff like Action Comics #1, Detective Comics #27, etc. This caused people buying new comics to start saving them, treating and storing them better. By the mid '90s the comic book market was 5 times its normal size. The old stuff was selling for hundreds of thousands to millions, and this drove buyers of modern books to not even read them. They went straight into bags and were stored in climate controlled places to avoid discoloration, etc. The comic publishers took advantage of this selling books labeled as "1st Issue: Collectors Item!" and books pre-sealed in polybags, sometimes with trading cars, multiple covers, foil covers, hologram covers, etc. Prices also went up to where most books were in the $2-$3 range where a couple years before they had been $1, but the paper quality also went up (no more newsprint) and the coloring became epic, as did the art.
That was all well and good until the early '00s when the bottom fell completely out of the industry. People found out that with rare exception those books they'd saved were no longer even worth their cover price because there were 4 million near mint condition copies for sale on eBay. The days of speculation were over and a lot of boxes of comics are still in people houses waiting for a market rebound that most assuredly will never come.
I digress into this to illustrate that collector markets are fickle, and that past performance is not indicative of future success. With limited exceptions collector items be they cars, comics, or baseball cards need to be purchased for the right reason; personal enjoyment. They are almost never a sound purchase from a financial standpoint. If I added up all the money I have in my '67 over the years I'd be lucky to break even on it, much the same as the fact that tough my Wolverine #10 is worth north of $100 most of the collection around it is worth less than I paid for it. I keep my '67 because I love it. I read comics because I love them. The only time money enters the equation is when I decide if I can or should afford something in those realms I want. So a "wise" purchase, most assuredly no. A "good" purchase? That's in the eye of the beholder, and something only you can decide.
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If you are looking at the car as an investment, there are much better ways to make money.
Get the thing if you just want to drive it like you stole it.
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I love the Terminators. Huge fan, but I'm with TKO. I expect the values of the drivers to decline, and from time to time I see cars with under 5000 miles for sale for big money, and they just sit. No one is paying big money for them. If you want a good one, you need to find one that has low mileage, a couple owners, and no mods.
MS once looked my son straight in the eye and told him "Anyone can restore a car. It takes a real man to cut one up". My son promptly cut 2 up, and transplanted an 03 Termi running gear (From a t-boned wreck) into a 66 T code coupe. So here's another idea.... if the 69 is not a top dollar car and is aggravating you, shove it in the back of the barn. Buy a high mile driver Termi, and DRIVE IT. When it gets tired, build the 69 with the Termi drive train. No, it's not a coyote, it's older technology, but open the hood, and the average car guy will look at the supercharged 32V DOHC engine and nod his approval. If you give him a ride in the passenger seat, he will never forget it.
Last edited by TimC (10/09/2019 10:25 AM)
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Its not a Coyote; its a simpler engine & electronics package that can make as much power as you want it to with a pulley or worst case a blower swap. Once you've got forced induction the whole engines gain power every 5-10 years as technology improves no longer really applies.
PLUS, T56! Not an easy fit in an old car, prepare for floorpan surgery, BUT a truly great trans.
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M1Mustang69 wrote:
I think WE got derailed here........Im in need of some guidance here; I sold my 69 cause there were a few ISSUES that never seemed to get resolved and i just didnt love her anymore..........I also have a Black 68FB fully restored except the interior is in need of some TLC and attention.....We all know those cars in particular have SKYROCKETED out of control as far as price goes, but its not off the table....technically I could buy both the 68 and the TERMINATOR.......
I just need to know if the TERMINATOR would be a "good or wise" purchase? is it revered? Desired? Will it be the 1967/8 GT500 of our modern day in everyones opinion?
Yeah this forum has a tendency to derail from the original topic so, ignore some responses. Bottom line, if you like that year model and the terminator option, I say go for it. You've found a low mileage car that seems well cared for. Your original post didn't indicate you were looking for an investment car. More like you were looking at something nice that you can go out and enjoy without worrying about a break down plus it has a cool factor associated with it. With that said, I wouldn't hesitate on this purchase....in the end, it's your opinion that matters most.....
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