I have been following a post on another forum about used cobra prices.. it seems that most owners loose money when they sell.
I have a hunch that FFR owners make money when they sell.
I know I can't ask how you came out for those who sold...
SO, how the heck can I prove my
Maybe just a "I made money"
or " I lost money" would work
You can make money but you don't get rich after you figure time into it. I love to build all kinds of different cars. Building Cobras is a easy way for me to move up the Cobra food chain. It is hard to make any money on them in this economy!
If you are patient, sell it in an affluent area, and sell to a cobra undeducated buyer(the guy with the wad of cash that sees a fast chick magnet), then you can make alot. Sell it to someone that knows replicas and don't expect much more than you have into it.
Very few cars actually appreciate in value, and they are all rare or classic automobiles. Replicas seem to hold their value a lot better than everything else, but I have never seen a FFR that sold for more than it cost to build. Granted, I have limited experience, but I've been watching the selling prices and I know what my build is costing me.
....... just a guess, but if you built a '65 with a stock donor as per FFR's initial concept, it would be more likely that you will recover your initial investment(minus your personal time spent on your project). It seems that the more customized you build the car, the harder it is to sell, because everyone has different preferences, and may not be willing to spend the money that you as a builder have spent. You see a lot of 'for sale' ads for the 65's, but in retrospect, most owners are selling their cars for less than what they have invested, because of the options they installed. My $.o2 about all this.......
FFR3822 - Currently Under Construction
I have sold 3 and made money on all of them. I also have 2 more done in the shop and will make money on them. I will wait for the economy and the right season to come back. I have helped on a couple of other builds and they too have made some cash. I know another guy locally that built a nice FFR and sold it for $40k. He also made money.
Making money on a Cobra could be tough your first time through. In my opinion until you have built one you cannot see all the little places where you could have saved a buck or two. Through the build process one is likely to frequent the forum and pick up on many cost savings by mistake through their own mistakes.
Once one is built then you may have a shot at making a few bucks but by now means a boat load of money.
Carbed 351W w/Richmond 5 speed, Levy 5-Link rear suspension w/ Street Bump Steer, powder coated frame and heated seats.
Unless you build many of them like Jeff you probably will not make a dime. If you say you made money you are probably lying or just bad at math.
I have several friends with FFR's and they are really nice, most of them are non donor builds too. The FFR is a nice replica but to the savvy buyer it is on the low end of the market.
Like Aaron said "sell to a cobra undeducated buyer(the guy with the wad of cash that sees a fast chick magnet), then you can make alot. Sell it to someone that knows replicas and don't expect much more than you have into it."
It's just the reality of it all.
\"Crisis occurs when women and cattle get excited\"...James Thurber
I basically built ours to drive for a bit then sell for the profit. It will be advertised from the day it is done at a high price. If someone wants it for that much I will gladly get rid of it. The build, for me, is one of the most fun parts.
My first one was a stock build,adding options for 4 years. I sold for a small profit. If you want to sell to make money you have to have "connections" to save $$ on the build. I built #2 with more options and don't see making $$ on it if I sell.
YO BOB, read the post.. my point is, is, that if you build close to the way ffr intented you can make a few bucks... unlike other brands.. at least whitby motorcars and north cobras and levey racing hopes so i think
There was an interesting article in my local newspaper a couple of weeks ago. It talked about how the dealer incentives and low/0 percent financing rates on new cars had cause some of the 2000 model year vehicles to loose as much as 50% of their value! Why buy a 2 year old car when you can get a great deal on a new one?
It listed several examples like the Dodge Grand Caravan and Chevrolet Suburban - I believe the data was from Edmunds.com
Now, I don't expect to get out what I put into my Cobra, but to have it depreciate by 50% in two years - I don't think so
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