Will Fox Bodies go up in value?

[fiveohlxhatch]

I'd like to add to this discussion again in 10 years.

This is a topic that is becoming more and more popular as our cars get older. I see both sides of the argument but eventually time will tell. I'm curious to see what happens...

Of course the "middle of the road opinion" is that they will continue to rise at a moderate rate based upon the availability of "good" cars in your own area. Will they ever be a classic? No I think the 60s have an allure all of their own. Will they be remembered in their golden years? Yes! I don't think people will ever forget them. And I think that's something we can all agree on.

 

[backfocus]

Of course the "middle of the road opinion" is that they will continue to rise at a moderate rate based upon the availability of "good" cars in your own area. Will they ever be a classic? No I think the 60s have an allure all of their own. Will they be remembered in their golden years? Yes! I don't think people will ever forget them. And I think that's something we can all agree on.

Good discussion guys! It looks like most of us have the same opinion on the matter. I have been trying to find a thread from awhile back about fox production #s and 60s production #s and have yet to locate it. Basically the jist is that there were more 60s mustangs made than Fox body styles. I don't think is was a tremendous amount more though, I can't remember.

But pertaining to the above quote I will agree. Plus if you have ever seen one episode of Pinks All Out or just go to a big drag strip, and count how many Fox bodies there are. Just by guessing I would say many are being beat to death.

So just as above, eventually the supply of Fox bodies will be low and the price of a good car should go up over time moderately. Of course they will never out shine the 60s, because they were the first of an era.

In another 10 years then!

 

[Mustang5L5]

Yeah, I know.. I just bought one, lol. Thats why I'm wondering, I don't want to put money into an investment like this, only for it to drop in value..

Cars are not an investment...only a liability

 

[skunk21]

But that's the problem isn't it? Your book doesn't necessarily set the bar for the cars value. You see it as a classic in the making, the general public views it as a cheaply built, so-so quality 2-door RWD Sport couple that was built during the low point of the automotive crisis (what we all remember as the 80's) to pull Ford out of the fire. It's the classic case of a car owner who's fallen in love with their car and thinks it's worth more than it really is. You see it all the time with 3rd Gen F-Body, RX7, and Datsun/Nissan 240/260/280/300 owners. They loved it, so they think everyone should. It's now making a comeback with Civic, Sunfire, Saturn and any other 4-cylinder econobox that some aftermarket company makes a fart muffler and a wing for.

That's why I bought a car that nobody loved, but still had all the right parts....picked it up cheap and had lots of fun beating up on the more popular sprorts cars along the way.

never stated value, pretty much don't think they will be worth much more than they are now. The market needs to be there to support value in any vehicle and there just isn't a market heavy enough for foxes and mustangs in general. I'm an enthusiasts and don't really care what my car is worth, hell if they jumped in value they wouldn't be fun anymore in my opinion. If a my 91 gt for example was worth $15,000 now would you sell it or hold on to it to see if you will be worth $25,000 or more and more. then you become afraid to drive it & put miles on it, someone may steal it, ahh not worth it..let it be worthless, less headaches!

 

[RedGTvert]

Good discussion guys! It looks like most of us have the same opinion on the matter. I have been trying to find a thread from awhile back about fox production #s and 60s production #s and have yet to locate it. Basically the jist is that there were more 60s mustangs made than Fox body styles. I don't think is was a tremendous amount more though, I can't remember.

65-70 (6 years of production): 2,568,633

79-93 (15 years of production): 2,676,026

 

[RedGTvert]

Congrats on looking like an idiot to almost the entire forum. I paid 12.5 for my 93 Cobra. In the last week there has been two teals in in the same condition/mileage but both with a vortech. They went for 15, and 16K. There's a teal one right now with 180K miles, and yes you read that number right, 180,000 miles. Its at 9K, with a day left. I've already had an offer of a grand over what I paid for mine. At my first and so far only show with it, I already had a guy toss me his business card to leave in the glove box if I ever want to sell it.

I'll just assume you never went to college, or if you did, ya must have slept through mirco, and macro. They teach these amazing thing called supply and demand.

You stole that car. Probably could have sold it a day later and walked away with a tidy little profit.

Now, how about this car. 93GT with over a day to go at $15K. http://cgi.ebay.com/ebaymotors/93-H...oryZ6236QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

[Kevins89notch5.0]

You stole that car. Probably could have sold it a day later and walked away with a tidy little profit.

Possibly, but its my dream car. Yeah, maybe I have low standards, oh well. I'll never sell her, and yes, she will get driven!

 

[riceslayer302]

once its over 50 years old im sure it'll be high in value in rarity alone Wait until its 100 and u'll be sitting on a fair chunk of cash im sure.

the way our government is going right now they'll be illegal to drive in 50 years

 

[speedtrip]

I think the 87-93 Notchbacks and 93 cobras will go up in value quicker just cause fewer were made. I think it will be awhile. I have 2 notches a 87 and 90. The 1990 25th it is all stock with 69000 miles i dont drive it much. Had people offer to buy it for way more than i paid. Im not concerned with making $ on it itll be my sons someday and he is 2 right now. Wish my father kept a mint lowmileage mint mustang for me back in the day.

 

[cervinistang]

The foxbody will be a 100 years old in 2079. They'll have cars that fly by then.

nahh we will prolly just be driving crapmobiles due to a biofuel crisis caused by lab-engineered locust warfare.

sounds more realistic to me

 

[ShortThrow50]

Are you kidding? Do you really believe cars arn't investments? You put money into an investment with the expectation of profit. If you restore a classic car (not saying the fox is classic) you can, more than likely, expect profit when you sell it. Now, i'm not saying the fox is a great investment, but I do believe if you restore it with minimal loss, then you can expect little (but some) profit.

well, if your tryin to score some bucks for the future and your retirement, i would stay in school and get a decent job rather than by a fox and put it in a garage hopin to score a few bucks in the future lol

 

[Mustang5L5]

Are you kidding? Do you really believe cars arn't investments? You put money into an investment with the expectation of profit. If you restore a classic car (not saying the fox is classic) you can, more than likely, expect profit when you sell it. Now, i'm not saying the fox is a great investment, but I do believe if you restore it with minimal loss, then you can expect little (but some) profit.

The typical vehicle is not an investment. Those that are investments are high risk as there is no garantee you will make your money back at all. They also depend on outside influences that can drive the price of a vehicle up or down.

Take the GT500 for example. Priced for them skyrocketed after the second Gone in 60 seconds came out.

It really is supply and demand. Demand tends to fluctuate over time.

But typically for the average person, investing in automobiles is a poor choice unless you can spring on buying a Shelby Cobra or a '68 GT500 or something of decent value. I've heard kids tell me their '89 Civic was an investment and they plan on recooping their $20K tossed into it down the road and turning a profit as well.

Hey for all i know, Fast and the Furious 7 will come out in 20 years and feature a souped up '89 civic and that car will go for $50K. Don't laugh...because these days that's all it really takes.


But anyway, to the average person, invest your money elsewhere if you seek to make a profit from it

 

[impulse001]

i'm not trying to make money, but i do believe almost any car is an investment..

 

[skunk21]

i'm not trying to make money, but i do believe almost any car is an investment..

uhh, . your statement is confusing. if you are not making money then it isn't an investment. If you paid $4,000 for a mustang and over the years invested $6,000 in mods, you have $10 grand into it and can only get $8,000 the most if look at the market today, that is a loss. If you are the original owner of a 91 gt you paid a base price of $15,000 not including the years worth of cash you put into to kep it going, if it's all original with really low miles(meaning you didn't even enjoy it anyways) you might get close to msrp if the market is there but chances are you are still going to take a loss.

almost any car isn't an investment, no way. you have to look at the market for a certian vehicle if that's the way you choose to invest. if the market isn't going to support it you are outta luck. the only way I can see a main stream mustang being an investment is a quick flip if you can do it, buying a nice one for low money and turn it around for a quick profit, don't put a dime into it, but hey hold onto your dream .

 

[Mustang5L5]

the only way I can see a main stream mustang being an investment is a quick flip if you can do it, buying a nice one for low money and turn it around for a quick profit, don't put a dime into it, but hey hold onto your dream .

I agree. If you can find a low-milage 5.0 and get it at a steal, you could prob make money if you turn around and try to sell it at higher price.


Since most of us don't have the sort of cash to deal for cars that would make the Barrett-Jackson car auction, i won;'t go into cars like that as an investment

 

[impulse001]

uhh, . your statement is confusing. if you are not making money then it isn't an investment. If you paid $4,000 for a mustang and over the years invested $6,000 in mods, you have $10 grand into it and can only get $8,000 the most if look at the market today, that is a loss. If you are the original owner of a 91 gt you paid a base price of $15,000 not including the years worth of cash you put into to kep it going, if it's all original with really low miles(meaning you didn't even enjoy it anyways) you might get close to msrp if the market is there but chances are you are still going to take a loss.

almost any car isn't an investment, no way. you have to look at the market for a certian vehicle if that's the way you choose to invest. if the market isn't going to support it you are outta luck. the only way I can see a main stream mustang being an investment is a quick flip if you can do it, buying a nice one for low money and turn it around for a quick profit, don't put a dime into it, but hey hold onto your dream .

What I was trying to say is, I'm not trying to make money, because I am not going to sell it anytime soon, but I do believe if you buy one and fix it up, you can make some profit off of it. What do you think used car salesmen do, they buy a car, invest money into making it a bit better, and sell it.

And I don't know why everyone keeps talking about mods, obviously you arnt going to get money if you put alot into parts for it, but if you just restore it and bring the car to good shape, for minimal overhead, you can make profit.

 

[impulse001]

I agree. If you can find a low-milage 5.0 and get it at a steal, you could prob make money if you turn around and try to sell it at higher price.


Since most of us don't have the sort of cash to deal for cars that would make the Barrett-Jackson car auction, i won;'t go into cars like that as an investment

To keep it clear, I didn't buy a mustang to try to sell it, I was just curious on people's thoughts about it.

 

[Strippt88]

If you can do your own work (good work), and keep the car as original as possible, you surely can make money, but, as a whole, the cars we have aren't big money producers. The guys getting rich are the big auction guys, rich people who look at the old iron as an investment. Riuned the hobby for those of us who love the cars, not the money. Total perversion of what the whole musclecar thing was invented for, big bang, low buck. I'd like to have a 70 Mach 1, but too many dentists have devoured the last of the reasonaby priced of those beasts. They don't give a rats ass for the car, just see $$$ in it.

 

[skunk21]

What I was trying to say is, I'm not trying to make money, because I am not going to sell it anytime soon, but I do believe if you buy one and fix it up, you can make some profit off of it. What do you think used car salesmen do, they buy a car, invest money into making it a bit better, and sell it.

And I don't know why everyone keeps talking about mods, obviously you arnt going to get money if you put alot into parts for it, but if you just restore it and bring the car to good shape, for minimal overhead, you can make profit.

no matter how you put it, a car is a loss, all the way down the line. the original purchaser lossed money, the dealer made a profit. the auctioner made money, the new buyer lossed money, he now needs to hopefully get the money back and then some, again hoping the car he just bought isn't a turd, the purchaser looses money and the used car saleman makes a profit( unless he can't turn it around which he looses) it goes on and on...but the last guy holding said car losses money unless he/she can sell it for said profit and the cycle continues. so no, cars for the most part are not investments.

 

[5.0 Nostalgia]

There are so many different ways to look at what is an investment. In some cases, even fox body Mustangs are a great investment. I don't know the story behind that 93 on eBay, but if the person selling that car paid 8-10k for it within the last year, I would say that's a great investment! But of course that is a rare case (if that is even the case!). For most of us though, I don't know if I would say cars are an investment at this level, but to the collector that has the cash and the right car to move up to selling at the Barret-Jackson level, they are. On the other hand, I think that if you buy a fox, drive it for a couple years, then sell it for what you paid without doing any major repairs, you made out well. Anybody can say that you still had to pay for gas and regular up keep, but you would have to do that on any car so that shouldn't be considered. A loss is buying a brand new car and having it decrease a couple thousand in value as soon as your rear tires leave the lot.

But restoring a fox right now for investment purposes, I don't know. If you look around, there are so many low mileage 93 Cobra's around that restoring one for any reason other than driving and making the car your own is just not worth it. Another example, I was looking into buying a t-top coupe that is locally for sale because I thought it would be a good investment. I decided against it because it needed some body work (rust) that was going to get costly because I couldn't trust myself to do it properly. The car has the potential to be great because it's still in pretty good condition, but I could never get even my initial investment back.