Pantera Pricing

Mercy, mercy, we can only hope.

I think a lot of people who had to sell have already done so; plus people have come to realize that buying a car will be a much better investment than 401k's at this point. I do not know about anyone else who reads this, but my 401k has went down more than 50%. This was not the change that I wanted to sign up for......

My 401K has also been hammered lately.

I bought #5606 last October, and it's value has certainly outperformed the market.

On the other hand, when the market gets going again, it will certainly rise in value a lot quicker (and much further) then that of the Cat.

In the meantime, I am being handsomely paid in dividends by a wonderful driving experience matched with a heartwarming, throaty growl from the Cat's motor.

People always ask what they want, but what are they selling for? Any examples of sales? I know a recent show car that had over $160K into it and sold about $70K, which is about normal.

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but my 401k has went down more than 50%

Mine also ..thank god I have another 22 years before I retire .. mybe in another 10 I will be where I was at 2 years ago.

Automobiles seems to be a solid investment right now.. realestate and the stock market are both in the toilet.

Ron

Don't know much about 401K but i am pretty sure you can not drive it. So I am convinced more and more people are positive to the idea of investing in something they can enjoy. If the price goes down you at least can enjoy it.
WHat I understand from UK and BE classic car dealers is that good to excellent cars seem immune to downturn. Only the sale time increases. Mediocre to bad cars on the other hand take a dump.

Michel

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Automobiles seems to be a solid investment right now..

Anyone buying and automobile as an "investment" now will enjoy (I predict) the same losses the rest of us have experienced in our other holdings, just a bit later.

I too have been puzzled by the high asking prices on a bunch of new Panteras on the market now. All I see is high asking prices, not sales. I suspect a new group of people are trying to sell and want the highest dollar they can get (who wouldn't?).

Mark (doomsayer)

I purchased a very nice, upgraded, but original drivetrain, 1974 model. The car has a nice, second paint job. I paid a very reasonable $32,000. I agree that there are several cars for sale with very high prices. I think it all depends on the seller's current financial requirements. This is a good time for buyers. If you need parts, they are still pricey!

At the end of the day, it's only worth what someone is willing to pay.
That said...I typically never sell my cars. Just keep adding, someday maybe. But my GT5, dont really know what its worth, and after having it, dont really care. I love the car!
so....if someone really wanted it, it would be really, really, very, very, expensive.
32k sounds like a great deal after seeing buckets of junk, missing drivetrain, stripped, basically a pile of @#$%^^& for 23k.
Congrads on you purchase.
Daniel

PS class of 81, Campolindo

I feel that I paid (when I bought it) about $5K too much for #5606, but I love it, it drives great, and it has outperformed my 401K for the 5 months that I have owned it.

I have reliable information that the bottom is about to fall out of the PANTERA market!!
Too many Panter default swaps and subprime Panteras on the market! The bubble will burst and your cars won't be worth the rust they sit on!!
SEL your cars NOW!! Get what little you can on them as Pantera futures point to zero !!!!
To help my less fortunate brothers I am offering a one time contract where I will pay a generous ten cents on the dollar for your car. But it is a limited time offer. Hurry the offer expires at midnight.

Yeah and if there's any fire sales on 5s or 5Ss send them my way... diapers are proving to be expensive LOL

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Originally posted by four walling:
I feel that I paid (when I bought it) about $5K too much for #5606, but I love it, it drives great, and it has outperformed my 401K for the 5 months that I have owned it.

I bought my car for an unbelievably low price from someone that needed to sell it without his wife knowing...because she didn't know he owned the car for four years. Even with the money I put into it, I think I could break even on it.

Compare that to my house, which has probably lost at least $100K in value. Or my business, which went from solid to dismal.

Right now, the Pantera is one of the only financial tools performing for me.

- Robert

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Yeah and if there's any fire sales on 5s or 5Ss send them my way... diapers are proving to be expensive LOL

I consider this to be a fire sale:

Someone will be getting a great deal on a very nice looking car, IMHO.

http://cgi.ebay.com/ebaymotors...3A1318#ht_500wt_1260

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Right now, the Pantera is one of the only financial tools performing for me.

Uhm Robert, they make this little blue pill that may help getting another one of your tools working for you.