Who's buying the Last Falcon to Mothball it?

[XB GS 351 Coupe]

Originally Posted by ebv8

....an XB GT coupe cost about $6200 and worth $36k today

Please show me where these 36K XB GT Coupes are, I want in on that deal.

[Carrion]

Originally Posted by goo33

Seriously considering an FGX XR6T to put it on blocks.

That way I'll get through Black October with minimum trauma.

Please look after my car buddy. See ya in thirty years. Send me a PM when you are ready to sell, I am a keen buyer. Honest.

[mike_nofx]

Does anyone know how many XY GT's were sold?

And rough estimate for how many performance model FGX's may be sold?

I think back in the XY GT days people didn't know they would become the classic that they did, but with the last model performance Falcons people are automatically assuming they will be and so there will be many mothballers. I think this will actually prevent them from being as desired as the XY's.

[Wretched]

Meh, never saw the desire to spend a bunch of $$ on a vehicle to only lock it up and never use it. Just to gain extra $$.
Unless these are Ferrari 250 GTOs or even XY GTHOs, they're not going to appreciate much in value if any. Sorry to say there is nothing special about these or the HSVs. They're just modded sedans that have no racing background or anything that would justify a sudden appreciation in value. If they do, bonus, but I seriously doubt.

In saying that, whoever buys the car, it is their choice to do what they wish with it. I respect those guys who spend the odd 5mill or so on their 1962 Ferrari GTOs and go race them on the track. They're enjoying their purchase.

[boss351290]

When I bought my xr8 in March last year another guy bought 2 brand new xr8's one to drive and one to store. All depends how much money you have

[Thaddeus]

Originally Posted by boss351290

When I bought my xr8 in March last year another guy bought 2 brand new xr8's one to drive and one to store. All depends how much money you have

An xr8? Wont be worth anything in 20 years

[Peter B - CV8]

Originally Posted by boss351290

When I bought my xr8 in March last year another guy bought 2 brand new xr8's one to drive and one to store. All depends how much money you have

Back in late 2005 some bloke in Qld bought one of the last production run Monaro's. At the time, they cost about the $62k mark.
Every month I get Unique Cars magazine & this bloke has been advertising this car ever since he purchased it. It's still got only delivery mileage & has been kept in an airtight car cocoon. He wants $65k for it & here we are 10-11 years later & he's still got it....

[Smoke Pursuit]

Originally Posted by Peter B - CV8

Back in late 2005 some bloke in Qld bought one of the last production run Monaro's. At the time, they cost about the $62k mark.
Every month I get Unique Cars magazine & this bloke has been advertising this car ever since he purchased it. It's still got only delivery mileage & has been kept in an airtight car cocoon. He wants $65k for it & here we are 10-11 years later & he's still got it....

Yes and paid a motza on insurance, rego and interest to keep something that you can go and buy for 26 grand with 100,000 kms on it. Still the same car.

BF Cobra owners are the kings of this kind of behavior, most of them will have to be burried with their cars!

[XB GS 351 Coupe]

Originally Posted by Smoke Pursuit

Yes and paid a motza on insurance, rego and interest.

Am I missing something here?? Who registers their cars when they are stored up?? What interest??

I currently have seven cars in storage, and none are registered, have not paid a cent in interest on any of them and only the tree most valuable ones (40K and over) are insured and insurance on laid up and stored cars is cheap (around $200 per year) , I pay cash for my cars, if you need to get a loan to buy a car you can't really afford the car IMO, I would never get a loan for a depreciating asset these days unless I can offset it on my tax in some way.

Also not all people store cars to make money, some just like the cars they have.

I wish I kept some of my other cars I had (Mk2 GT Cortina, TE S Pac 250 4 Speed, XB GT, my old 40 Series, my ELXR8 Series 2 5 speed) but no room back then...

I also think people who buy a car to 'put away' generally have the $$ to do so, if I had more $$ to spare I would have a bigger shed and more cars I still desire.

[cro142]

The interest you pay on a stored car that you paid cash for is the "Opportunity Cost".

This is the interest you will not get if you had invested this say $50K in another way to generate a return of, say, 5% to 7%.

$50,000 invested at 5% is worth $335K after 40 years.
$50,000 invested at 7% is worth $699K after 40 years.
Oh, the power of compound interest over long time periods!
Will a car do as well? Who knows.

But hey, who cares if you don't need the money and you choose to store a car.

I think I would prefer to drive it, as it will always be tough to get a real financial return on a stored car.

[Sprintey]

Originally Posted by Smoke Pursuit

Yes and paid a motza on insurance, rego and interest to keep something that you can go and buy for 26 grand with 100,000 kms on it. Still the same car.

BF Cobra owners are the kings of this kind of behavior, most of them will have to be burried with their cars!

Actually, it was tradition for Viking Chieftans to be buried in their longships, with other possessions, food; even a woman to volunteer to go to the grave with them (fascinating and disturbing ceremony) - a BF Cobra is fair game.

[bradFPV]

If i bought one, it would be to drive it!!

[blackf6]

That bloke that bought the Munro. Peter Champion I think. Paid more than 62g. Blokes are dreaming about storing rust bucket bombs.

[blackf6]

Originally Posted by DeJaVu GT

That bloke that bought the Munro. Peter Champion I think. Paid more than 62g. Blokes are dreaming about storing rust bucket bombs.

Phillip Mance was his name. Car was auctioned for $188,000.
Good luck selling that buddy.

[Deo]

Originally Posted by XB GS 351 Coupe

have not paid a cent in interest on any of them

Few people are fortunate enough to not have a mortgage...

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[Stefan]

At the end of the day if you have the cash and like the car buy it, if you like to keep it pristine, and look at it in the garage while you chugging a beer good too.

If money is the motivator, there are better ways.

A 6 cylinder XB coupe bought for 5K in 1983, then almost written off, then restoring it twice now worth 40K is not in an investment at all and not even a good return, more likely a huge liability money wise, your dad was not wrong that money invested would be better now no question. But the car has sentimental value that can't be bought. That does not make buying a new 50K car butting it on blocks a good idea (financially).

[Cobrajet03]

As an investment NO way.

[Beastie]

Interesting comments....

To the OP, If you bought THE LAST Falcon ever made, be it a Turbo or 8 etc, then I would say your decision has some merit.

Unfortunately, I don't think that the general public will have that opportunity?

Otherwise, good luck with your decision, but to answer your question - not me.

[Windsor220]

I'll always have a soft spot for Falcons but in 20 years time who would want to buy it for a lot of money? There probably wont be many that care anymore and with the amount of debt people have these days probably couldn't afford it anyway. Just drive the thing

[Sabantien]

Some people buy stamps and never put them on an envelope to post a letter, so I guess if you have the money and want to do the same with cars, go nuts.

People enjoy things in different ways, although personally, i'd want to drive it.

[Deo]

Originally Posted by NAK302

i'd love to know which investments would nett you those sorts of figures at the moment.

We aren't discussing the moment, we are discussing the next 20-30 years.



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[Sleek the Elite]

Hiding it away for years isn't the way to go.

Given you already have a low km's falcon as your daily drive, using the new one sparingly and keeping low km's on it makes sense.

I've got 220,000kms on my BA XR6T. I've got no intention of trading it though because it still looks great and runs beautifully.

I'll keep it as the daily drive but will look to pick up another that I'll maybe use on weekends with the intention of it eventually becoming the daily drive.

[NAK302]

Originally Posted by Deo

We aren't discussing the moment, we are discussing the next 20-30 years.



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they way i wrote it, i was out of context. there's not a lot around at the moment that returns 5% nett. now is a time to be buying stocks.
anyone thinking of buying a car for investment is nuts, even in the long term.

[marty351]

Last aussie falcon... hmmm,
Musem piece.

[Romulus]

Originally Posted by goo33

Seriously considering an FGX XR6T to put it on blocks.

That way I'll get through Black October with minimum trauma.

Why not. Last time I checked this wasn't an investment forum, I'd dismiss most remarks as commentary.

I have a mate who's ordering the last month SS-V Redline wagon for the same purpose as you. Good luck with it.

I'd like to purchase an 10/16 build winter white G6E Turbo and do the same thing.

[Express]

Originally Posted by Romulus

I have a mate who's ordering the last month SS-V Redline wagon for the same purpose as you. Good luck with it.

It makes me wonder why he chose a wagon which are historically been less collectable than other variants.

What’s his reason/goal for mothballing it?

[Carrion]

Each to their own.



Hulk would be proud if he started this thread

[cro142]

Originally Posted by Romulus

Why not. Last time I checked this wasn't an investment forum, I'd dismiss most remarks as commentary.

No, it is definitely not an investment forum.

But hey, people are talking about whether or not a mothballed FG-X will be worth anything useful in 30 to 40 years.

That sounds like investment talk to me!

I think that the proposal to mothball a car for this period of time carries with it the expectation that it is "good for having", and can be enjoyed for that, but also it carries an expectation that is will be worth a bit at the end.
That's investment talk.

I still like the option of driving it best.

[Deo]

Originally Posted by Loud_Noises

And the fact that every bank is leveraged to the hilt and then some.

Actually leverage is the reason we need banks to exist.

Originally Posted by Loud_Noises

There are zero guarantees that they will be able to pay interest for that length of time.

The commonwealth government guarantees them!



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[Trump]

Originally Posted by Deo

Actually leverage is the reason we need banks to exist.
The commonwealth government guarantees them!



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Their guarantees aren't worth the paper they are written on. But I digress.