500k For A 40 Year Old Falcon

[Cowboy1600]

^^ That doesn't make me wrong, So did the old guy say he bought it as an investment? Did he own it from brand new? if he did own it from new then maybe he didn't have enough money to drive it hence the 12 miles, either that or he lived in a small town and didn't need to drive anywhere. Regardless this in no way confirms the fact that back in 1975 or whatever, this guy bought that car solely for the purpose of it going to be worth 100 times it's purchase price.

Basically it's just a story of some guy that you don't know telling a story of one of his mates that met some other guy... see where this is going...

The exact reason he bought it, brand new, was as an investment.

Hence why it was hidden and hence why it was not driven.

He knew the value of it when time came to insure it, hence why he was so secretive.

And what about the old bloke in England who hide a Jag XJ220 behind a false wall in his home? Did he do it cause he only drove it occasionally?

People DO buy cars, sometimes new, as investments and it was no secret that the Phase III was going to be a classic. The Phase IV had been essentially banned thanks to the "Supercar" scare which meant, at the time, many people thought this was going to be the last ever muscle car made in Australia. Phase IIIs were not mass produced cars, hence their rarity back then and rarity today and they are arguably the most sought after car ever built in Australia.

[Phatboy]

The exact reason he bought it, brand new, was as an investment.

He knew the value of it when time came to insure it, hence why he was so secretive.

If he bought it an as investment I doubt he would wait decades for when it was worth half a mil to insure it.

[Cowboy1600]

If he bought it an as investment I doubt he would wait decades for when it was worth half a mil to insure it.

You can doubt all you like.

Fact is, people do buy stuff like this for investment purposes.

Try all you like, but clearly you are unaware of the value of GT Falcons.

[BeEnAr]

I'm aware of how much they are worth nowdays, but a New GT isn't going to be worth nearly as much as the old ones as there has been too many of them built, same goes for the GT's back in the day, they were worth sh1t until recently. Giving the XJ220 as an example is a joke right? They were worth £361,000 to £403,000 in 1992 when they came out in production form and they only sold 281 cars. Now they are selling for an average price of £100,000 - £170,000 so it's actually worth lots less, I pitty the guy that has his mint unused car in walls.

Compare that to the Phase 3, 300 made and sold for about $5750. They are now worth 100 times that, not even in the same field as the Jag

Again, a car is only worth as much as someone is willing to pay for it, not how much someone says it's worth or how much someone is asking for it.

[PM-R33]

That's one of the funniest things I think I've ever heard....today.

In its day the Phase III was as quick, or quicker, than the big dollar "Supercars" around at the time ie, Lambos and Fezzas. A 450hp 351, 4 speed Toploader and Detroit 9 inch. 6 second 0-100 and 14 second quarters which were, in its day, mind numbingly fast, especially in a bloody 4 door family car. On top of that it could do 500 miles around one of the worlds greatest race tracks under racing conditions and win.

Imagine a BA Falcon able to run down a F430 or Gallardo straight from the factory. That's what we are talking about here.

That thing is worth every bit of it's asking price. A cars value isn't simply related to it's ability. If it is for you then why are you driving a Skyline? There are faster cars available for the same or less money so why do you not have one of those?

Your preaching to the wrong person. I am well aware of what the car is as I have a true interest in all types of cars and enjoy learning about them therefore I know exactly why this car is "special" so don't give me your attitude. We are also not talking about a Skyline here nor are we talking about my Skyline or why I bought it as it is completely irrelevant to this topic and you are just trying to push forward a personal response out of me.

Also as to you putting one of my statements in bold, I will expand on what I ment as you obviously didn't get it. If you did not know about the racing heritage, or what the car is (pretend you were from Europe or USA) and put them in the same category of cars I posted up (or others, it really isn't relevant what particular cars), would you pick the GTHO to be something special. No you wouldn't. That is all I ment.

Edited May 17, 2010 by PM-R33

[Phatboy]

You can doubt all you like.

Fact is, people do buy stuff like this for investment purposes.

Try all you like, but clearly you are unaware of the value of GT Falcons.

I am fully aware of how much GT falcons sell for. I think that'd pretty obvious as I posted up this thread initially. That doesn't mean I think it would be a good idea personally to buy one.

I'm not doubting that some people buy cars for investment purposes. Some people also make money at the casino. Some people also make money betting on horses. Of course there will be always be huge winners, but I'm saying that I personally wouldn't do it, because from a purely investment POV the risk:benefit is too high compared to other safer options. If it's your dream to own the car though, that's an emotional decision, not necessarily a financial one.

[ARTZ]

Again, a car is only worth as much as someone is willing to pay for it, not how much someone says it's worth or how much someone is asking for it.

Right on ...and people are obviously prepared to pay this much for a GTHO..

I was talking to a guy the other day had a mint Charger..he said 15 years ago all his mates though he was silly buying an old car for 8000$ while they all bought hotted up commodores. Their commodores are now all worth nothing whereas a guy in the street offered him 60k for his Charger..It has 700hp and is driven regularly...

Many old cars are being used not just garaged and are still worth good money..And i've said before alot of people chopping and modifying there GTRs are gunna spew in 30-40 years when the guys who kept theres mostly original are fetching more money from collectors...

Some people like to collect cars

Some people like to drive cars

Some people like to build cars

Its all in the family, so dont be upset that a 40yr old falcon is worth 10 times as much as your car...It just is .. ....

[Mohsen]

35 years in the future, you have a million bux to burn on the perfect car.

and that ever so rare, one off midnight purple Z-tune pops up, the last piece of the puzzle to your GTR collection.

you wouldnt buy it?

i would

[bozodos]

I know of a guy here with a genuine HDT VK Group A/3 with the rare white rims and 5 speed, who has it sitting on blocks in a shed next to his pickers hut, my best mate offered him $25k for it before the prices went through the roof and got knocked back lol. It happens more than you think, they have a GTHO show here every year in fact, and there's usually about 40 cars that turn up, most of which are the HO optioned ones, and 90% of them being the Phase 3.

The one I'd love to see is the Phase 4 'Super Falcon' with the mechanical fuel injection and tunnel ram type set up

[PM-R33]

I don't think any of us are really debating whether some one would pay heaps of money for the GTHO, as they obviously will.

As said above, the value of these cars isn't what they are "worth" it is what some one is willing to pay for them since they are rare and can't simply be bought when you decide to buy one.

As a personal opinion I was just stating that the cars don't look anything special (personally I think they are fairly ugly) compared to some of the other classic big dollar cars of that era and the fact that this car is so expensive and rare it is more or less something that sits in the shed, but hey some people like that sort of thing and I aint judging any one for it, we all love different things.

Edited May 17, 2010 by PM-R33

[BeEnAr]

yeah my father in-law's XB GT hardtop is a garage queen on stands. Gets started each month and is on a trickle charge permanently. I can't wait until my wife gets it in the will one day, the thing is in mint condition with well under 50 thousand KM on the clock. Only thing he did bad was changed the engine to the 351 Clevo as when he bought it new it came with the 302 so it isn't a numbers matching car anymore. It's still classed as condition 1 though as the engine is one which it came from factory with. Everything else is untouched and perfect. It's a pretty nice car... for a Ford.

[PM-R33]

I can't wait until my wife gets it in the will one day....

LOL

[ARTZ]

http://motoring.ninemsn.com.au/cars/featur...new-v8-is-ready

Appears the GTHO is making a comeback

Wheels believes that a big-boost, big-hitting supercharged version of the Coyote will also power the return of the GT-HO in 2011. With higher boost pressure, intake and exhaust mods (see sidebar, opposite page), and a water-to-air intercooler, 375kW/650Nm is well within reach of this reborn legend. If Ford does drop the XR8 and hand the Coyote V8 wholly to FPV it would be a perplexing, but not entirely surprising, move.

[PM-R33]

http://www.carsguide.com.au/site/news-and-...tho_value_drops

[dezzstavrinou]

Half a mil Falcon

Holy crap... looks like it's about to rust through and fall apart. I think some show classic muscle cars look awesome (if insanely overpriced), but this isn't even in decent condition. Why wouldn't you spend a few grand to restore a car that you are trying to sell for that amount of money? Driving in this around town most people would think it's worth about $500.

If I had 500k pocket money - let me see... Ferrari F430 spyder for weekends + R34 GTR as a daily or this.... hmmm tough decision

Too true, Lambo, farrari, Audi, or anything other then a loud uncomfortable pertol smelling Rust can.