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My family
Ok ok my family when it comes cars my family has nice cars but hey, they sell them for cheap. Let me explain. When my dad was a teen my uncle who is older had a boss 302 and they ended up sellin it for dirt cheap but not sure how much. And my dad owned a Dodge T/A 340 Six pack with the lime green paint, and sold it for $1200. Today i see an identical car with stock paint and stock engine being sold for 37k. I could smack him now. But that give me a lesson my lx is my first car and i will hold on to it forever. I have learned from people that say i wish i could of hold on to my first car or any car they loved, so my advice is that if you love your stang hold on to it.
mike |
I plan on doing the same thing, and people say... It's just another Stang! I just tell 'em! Hey! It's MY Stang! I love it! I don't ever want to get rid of it!
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I think it will be a long time before the fox body stang gains value like the old muscle cars. I love the cars, but other peopld don't see it that way. I'm with you guys, I will never sell my stang.
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Hang on to your Stangs!
I am NEVER getting rid of Topless...I got too much blood, sweat and tears (not to mention $$$$$$$ tied up in her!!!) MAYBE one day I'll hand her down to my daughter. But the more I think about it, the more I think I might not! Hard to say at this point, I still got 7 years to think about it! ;)
TNT |
i am keeping mine it is the first new car i ever bought, plus it's not paid for:( , it cost's more per month than my house:eek: :eek: , but there is so much i want to do to it later on, for now i will have to settle for driving it.:D
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I wish I could keep my '79, but I have to get rid of it. Can't afford three cars. My '79 is my first
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Watching Mustangs age
It's an old story; everybody seems to know someone who had some now-classic and valuable muscle car they practically gave away years ago. Some of that is BS of course, (they only made a limited amount of those really rare big-cube muscle cars) but of course it does happen.
Problem with keeping a car is that (a) it has to be maintained and kept from rust and rot conditions, (b) it has to have something special about it to make it really valuable, and (c) it has to be at least 30 years old. My LX was bought brand-new by me and is now 12 years old; I plan to keep it a long time but I doubt I'll try to keep it another 25 years as it's one of hundreds of thousands of LX 5.0's that Ford made and until it's about 40 years old it won't be worth big bucks - if then. Although we all want to hang on to our muscle cars, things happen; marriage, babies, need for a new house down-payment, moving, financial crisis comes up (like illness or job loss), no place to keep it and just plain boredom with looking at the same car for a couple of decades. It happens - and that's why so many people have a great story about 'The Muscle Car That Got Away'. I hope some of us can hang on to our 'Stangs for many more decades, and I'm sure some will, but not many. It just isn't that easy and not always that profitable to do so. Fun to try, though. :) |
Really clean, low mileage 87-93 5.0's are getting pretty close to returning their purchase price on the retail market. They've accumulated value in the past 5 years. I remember when I could get a really nice and clean 89GT for about 4k, back in 1996 or so. Now the same car would run me 7-8k.
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Mustang appreciation
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Unfortunately, my 'Stang is an average-condition LX (no garage for 12 years - northeast location) with 115,000 miles on it (under 10k per year average but still, six-digit mileage on the all-original engine/trans). However, the LX 5.0's really are popular and I know a couple of folks who've been lusting after mine for years so I'm sure I'll get a good price for it whenever I finally decide to sell. It fun driving a popular, high performance car that's appreciating instead of depreciating - and to own the title. :) |
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