Under $35,000, rotisserier restoration, for sale, but not my car

Someone's gonna buy this car tomorrow, b/c he's giving it away. This hurts the value of all our Panteras' b/c this guy had to have spent $35K on the rotissierie restoration/Ameri-Sport engine and overhauled ZF alone. He's throwing in a free Pantera and a free paint job, and free wheels/tires, and free spoilers, etc. Man, Rip Van Winkle awoke with 1979 prices on the brain? This is NOT reflective of the prices of current Panteras in similar condition. Add at least $10,000 to $15,000. I suggest one of our Pantera Vendors JUMP on this now, and make a healthy PROFIT. Just pay him and re-sel at current prices. Worth the 'risk' of having this cat in inventory for 2 - 3 months.

It'll be sold before most of you guys can read this post. Guaranteed!!! Sorry.

Tell you what, return the favor, tell me where someone's giving away a 1967-69 Shelby 428 CID restored convertible, and I'll kick back $1,000 to you.

That's the kind of favor you just got here!!!! Only you better hurry, and I don't need your $1K.

I'll have a Pantera and a GT-500-KR, and we'll all be happy. Sorry to see this guy spent SO MUCH for the restoration/updates and just HAS TO LIQUIDATE. The economy is not that bad in Albuquerque, but I FEEL for this guy.

Please return the favor if you see a GT-500-KR Shelby convertible for a song. email me directly, please. Thanks!!!

Hello Ron,
In reading your postings, what has happened does not surprise me. Since we opened PI Motorsports in 1996, I have had daily exposure to the Pantera market. It seems to me that some of the most negative individuals on Pantera pricing that I have encountered are of all things Pantera owners! It seems as though there are certain owners who are critical when a Pantera changes hands for a high figure, almost a hostility in some cases. I have read postings on Pantera websites where PI Motorsports, Inc. has been "blamed" for the high prices of Panteras. One individual even said that our firm has been responsible for $10,000 in price increases for Panteras alone. If this is true, we are proud to get credit for it, however, I strongly believe that the negativity and pessimissm and perhaps even jealousy of some owners is responsible for any downward pressure on pricing. Even when a Pantera is sold at $35-40K, this is still less than some highly optioned SUV's we see rolling around. There is no conspiracy here to jack up prices. Even at $35K+, a Pantera is still a great value. If you have a good car, you shouldn't have to give it away. I expect to see prices continue to rise on these special cars. As for those owners who complain about other owners selling their cars for what they view as "inflated" prices, I would like to tell you that I have found that when those folks decide to sell their cars, you can probably expect to see the most exorbitant asking prices of all times. Thanks, Dave Adler

Thank you Dave! I will never understand the phenomenon of the few misinformed Pantera owners that try their best to deflate the values of our fine de Tomaso cars.

I do not care what people ask for their cars, what bugs me is when other de Tomaso owners criticize people that ask a fair price that reflects the true value of our fantastic cars. If someone can get $250k for their car, more power to them!

I recently sold my pristine original owner 1986 300ZX Turbo collector car and I received the best responses when I priced it at the high end of the pricing scale. I think that some owners do not realize that it takes awhile to find the right buyer for any exotic car and they get mislead with the idea of a lower price will move the item. Do your pricing research carefully, set your price and stick with it. If it doesn�t sell right away, drive it and have fun and it will be gone before you know it!



[This message has been edited by Mike Dailey (edited 08-15-2003).]

I hope this individual sells his Pantera on Monday, 8/19/03, and that there are five buyers waiting with certified checks for $34,900 and a few of the 'bidders' have another $5,000 - $10,000 in their pockets. This is a fine Pantera, done by reputable Pantera Vendors, who have been in the business for many years and it must have cost this gentleman much more than what he is sacrificing his Pantera for, including the initial cost of the cat, wheels, tires, etc.

When I see a Pantera of this caliber offered at such a rock bottom price, should I be thinking that I need to keep my investment $$$ below a certain level, so I can turn my Pantera, should I ever have to/want to sell? No, maybe this guy had a call from his stock broker on some stock issued on margin, or is going through a divorce, or something like that. That's why I feel bad for this guy.

To buy a used Pantera, have all that work done to it, and add up the receipts, well, we're talking at least $45,000. If he's gonna eat $10,000, then it's because he's got to have the cash very fast. I feel for the guy.

Who among us wants our investment to be worth $10,000 less than what we have in it? These are rare cars, and this is a fluke deal. IMHO. When I was looking for a Pantera, these kind of deals were already gone when I made the telephone call. Every time.

This deal is a steal.... Like I said, I wish I had waited 3 more months before buying a Pantera. I'd be on a plane to the East Coast with a certified check in my pocket on Sunday night, and driving home on Monday. But then again, with my luck, it would already be sold....

This Pantera is not representative of the Pantera's fair market value.

Wanna talk about being upset about Pantera prices? Why have Carrol Shelby's AC Cobra and Shelby Mustang prices gone through the roof and Pantera prices have not? That's my thinking. My Pantera will be worth some real money someday. And if I don't get my price, then I won't sell. That simple. Hope I never run into financial ruin, and have to sell....

Yes, sad but true. Invest $100K in your car, and you will be lucky to get approx 1/2 upon sale. However, before you sell, you will have one hell of a car to be proud of, and then cry when it is gone. When you pass $40K in a sales price, options for other super cars becomes greater (not that any of those options are "better" than the Pantera, but they are nice optinos nonetheless). Life is just what it is...Not a complete true comparrison, but for instance, put $600K into your $200K home today, and next week at best you will still get just above $200K for the sale. Percentage wise, this is what many of us do with our Panteras, and then expect to get full value when we sell.

Hi all,
I guess I should finally address all of the banter about the Pantera I just sold. To all of you enthusiasts, thank you for so much hype, less the Rip Van Winkle comments. Let's review for a moment, my goal was to sell my Pantera to a fellow enthusiast who will preserve and care for a car that is, without a doubt, a great piece of history. I have achieved this goal. Perhaps I may have sold the car for less that it's worth, but, I have generated alot of excitement for the Pantera cause. SOME Panteras are worth $45-55K+, most are not(sorry everyone). The rest of you who think your Panteras are worth $45-55K when they are not, are really doing a disservice to the Pantera community. What do you think the public perception is to your cars that are posted in the internet for 3+ months while you try to attain your asking price? Is your car worth that much??? Maybe in terms of what you have into it, but any knowledgable person knows that for every dollar of restoration you put into a car, 99% of the time you will get back 20-30 cents on the dollar when you sell it. For those of you who don't realize that, you end up listing your cars on the net with prices that are $10-15K too high. The big picture is that you turn other potential enthusiasts off to the Pantera as a sound investment and a great car worthy of restoration dollars.
I love the Pantera, I will own another Pantera in the future, and selling my car for an additional $5K is not really that big a deal, especially if it keeps me in the company of people like the gentleman who bought the car (thansk Dave) as opposed to the rude people who criticized me for doing the Pantera community a "disservice" for selling the car at a fair price. I'm happy and the new owner is happy. If any of you were so unhappy with my asking price, why didn't you buy the car immediately and relist it for a profit just to get it off of the net to perserve your perceived values.
P.S. If you haven't noticed my house in the background of the Pantera, it would explain why you feel an additional $5-10K would make a big difference to me.
Regards.

quote:

---

Originally posted by ron norman:
I'm gonna do this guy a favor, even though I have no idea who he is,and I'm gonna do all of you Pantera Fanatics who are looking for a doggone nice car at a rock bottom price a favor too.

So here it is: click on this Hemmings Motoring News website and get a load of this:
http://www.hemmings.com/index.cfm/fuseaction/classifieds.cardetail/id/1976609

Don't care where you live, this one's worth the trip to buy it and drive it home. Enough speed, and you can hydroplane all the way across the Atlantic or Pacific Ocean.

Maybe I shoulda waited to but a Pantera, hmmm....

---

Isn't that the same car that Mark Moses was selling a few years ago? I saw it at Carlisle and a friend of mine was pretty serious about buying it at the time.

Money, congratulations on the sale of that nice Pantera. Congratulations also to the new owner.

I know Pantera Guys who have had 4 Panteras, 2 Panteras, etc. So, I have no doubt you'll have another one. True enough, it sort of hurts to spend $10,000 thinking it may only increase the value by $2,000 and I'm sure we don't plan to sell when we spend the $10,000.

The guy I bought my Pantera from was an aircraft mechanic who bought "an Insurance Salvage" 6 passenger Cessna Turbo Prop. He was restoring it and found a deal on a crate motor for $50,000 when they cost $75,000. So he was also selling his Harley Davidson to pay cash for the motor. He was in a hurry to get the project completed and sold for $350,000. So I got a deal.

This story demonstrates why deals come along. There are a lot of reasons. I am sure everyone is happy.

I think you see the Rip Van Winkle comment in proper context, with no insult intended. None of us want to see our Panteras suffer deflation. Panteras originally sold for $9,500 to $11,000 and are getting 3X that, 30 years later, keeping up with inflation, housing has done roughly the same. Shelbys may represent what housing prices have done in Boston or Silicon Valley (Palo Alto, CA).

Hope the hype helped bring a quicker sale.
What was it, 6 days from the hype to the closing? Congratulations.