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After reading several of the posts during the last few days regarding the collectibility and value of our Birds - especially low mileage ones, I just have to throw this out for comment and opinions.
Last week when I parked at the post office (I always find an end spot with lots of room), a guy approached me about my Tbird. At first I thought he was a fellow-enthusiast. Then he told me that he had purchased a new Tbird in 2001 strictly as an investment. He said the car has never been driven and has been in storage it's entire life. It's started every so often. He said the car has never been titled, and he hopes this will add to it's collectible value. I'm not sure how you own a car in NC for over 8 years without having it titled, but there must be a way. He's interested now in selling, although he knows it's probably not the right time. A local Ford dealer told him that he should start at $50,000 (and go down from there.) Even at $50,000, that's only about 5% annual return. I couldn't give him much encouragement, but I did tell him about the Nest and Dot's site as great sources of information about his car.
Last week when I parked at the post office (I always find an end spot with lots of room), a guy approached me about my Tbird. At first I thought he was a fellow-enthusiast. Then he told me that he had purchased a new Tbird in 2001 strictly as an investment. He said the car has never been driven and has been in storage it's entire life. It's started every so often. He said the car has never been titled, and he hopes this will add to it's collectible value. I'm not sure how you own a car in NC for over 8 years without having it titled, but there must be a way. He's interested now in selling, although he knows it's probably not the right time. A local Ford dealer told him that he should start at $50,000 (and go down from there.) Even at $50,000, that's only about 5% annual return. I couldn't give him much encouragement, but I did tell him about the Nest and Dot's site as great sources of information about his car.
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