I had purchased car 1431 in 1971 and in 1978 had a chance to purchase another GT350H, this one was 1855. found some of the paperwork from the purchase.
It took two years to pay it off at 23 payments of $99.11. My oh my, times have changed
We sold it for $5,000 to buy our first house, should have kept it.
You can't drive a house but you can live in a car.... (Unless it is a motorhome).
Quote from: Steve McDonald Formally known as Mcdonas on June 03, 2021, 06:58:18 PM
..........We sold it for $5,000 to buy our first house, should have kept it.
Pretty good money and profit for a used 66 Shelby especially a GT350H, given what someone likely paid for it after they were used as rental cars. in 1966/67
We can never go back except in our memories
Wow! 15% interest rate! That was a bad time to finance a car. :(
Wouid you like to double your original investment?
Payment can be made in cash or crypto currency, your choice.
Please advise and kindest regards
Yes, even our house had a 12.5% interest rate. My brother always reminds me of the "one that got away" in 1973. CSX2027, $3500 and my 66 H car, it had 14,000 miles on it, Webbers in the trunk, 2 AFB's on a retrofitted 289 (car was an original 260). I had most of the money and my brother offered to loan me the extra $1500 at no interest. Didn't get it because it had no roof or heater.. Also turned down a 1969 GT500 maroon with white interior, had a leaking worn carb and they wanted $5000 in 1979 and a 1968 GT500KR convertible white for $600 ( his girlfriend was pregnant and he needed money for the wedding) in 1974 Dumb mistakes we made in our youth
You don't know how much that hurts to read your post on CSX 2027 for $3500.00
Quote from: Steve McDonald Formally known as Mcdonas on June 04, 2021, 12:03:07 PMthe "one that got away" in 1973. CSX2027, $3500 and my 66 H car......
Cobras (until the 1990s when the rocketed up) were always just over the horizon of available cash. Once you have enough $ they moved up faster than your disposable cash. There was one guy in COCOA who had a specific amount he put away each month for a Cobra. He finally bit the bullet and bought a red 427 continuation. He basically said it's about the fun of driving it and he realized if he had an original it would sit in the garage more as artwork.
Maryland National Bank offered10 year financing in the late 70's saw a deal for Cobra for $20,000, would have been 10 years at $200 per month. Wife decided having kids was more important, she was wrong as none of our kids like cars
Quote from: Steve McDonald Formally known as Mcdonas on June 06, 2021, 01:42:28 PM
Maryland National Bank offered10 year financing in the late 70's saw a deal for Cobra for $20,000, would have been 10 years at $200 per month. Wife decided having kids was more important, she was wrong as none of our kids like cars
... even when they were little? :o ::) ???
Our - now adult - kids have little interest at this point as well, they are all big city dwellers. But back in the day - they used to argue over who got to go with me to the autocross or car shows (since only one passenger spot).
Quote from: mark p on June 06, 2021, 06:16:51 PM
Quote from: Steve McDonald Formally known as Mcdonas on June 06, 2021, 01:42:28 PM
Maryland National Bank offered10 year financing in the late 70's saw a deal for Cobra for $20,000, would have been 10 years at $200 per month. Wife decided having kids was more important, she was wrong as none of our kids like cars
... even when they were little? :o ::) ???
Our - now adult - kids have little interest at this point as well, they are all big city dwellers. But back in the day - they used to argue over who got to go with me to the autocross or car shows (since only one passenger spot).
Kids do not care when they see all the "care" that goes into a car. Another problem, manual trans. I wonder if you bought a 2021 toyota and took care of it, if one's kids would care about it in 30 years? (we know it would be around and driving)....
When did this all start, with kids not giving a crap about cars?
I think 2 reasons. Barret Jackson, the year 55-57 T-Birds were going for 175K, 70 Boss 302's were going for 200K, when 67 shelby's were going for 300K, and these kids saw the parents smiling at the thought of their car's value.
AND
the comeback of the newer Shelby's....(buy it, beat it, put it away wet, destroy it, put it in the garbage and buy another one to beat)
One man's opinion- Micheal Savage.
Quote from: 67 GT350 on June 07, 2021, 10:02:30 AM
Quote from: mark p on June 06, 2021, 06:16:51 PM
Quote from: Steve McDonald Formally known as Mcdonas on June 06, 2021, 01:42:28 PM
Maryland National Bank offered10 year financing in the late 70's saw a deal for Cobra for $20,000, would have been 10 years at $200 per month. Wife decided having kids was more important, she was wrong as none of our kids like cars
... even when they were little? :o ::) ???
Our - now adult - kids have little interest at this point as well, they are all big city dwellers. But back in the day - they used to argue over who got to go with me to the autocross or car shows (since only one passenger spot).
Kids do not care when they see all the "care" that goes into a car. Another problem, manual trans. I wonder if you bought a 2021 toyota and took care of it, if one's kids would care about it in 30 years? (we know it would be around and driving)....
When did this all start, with kids not giving a crap about cars?
I think 2 reasons. Barret Jackson, the year 55-57 T-Birds were going for 175K, 70 Boss 302's were going for 200K, when 67 shelby's were going for 300K, and these kids saw the parents smiling at the thought of their car's value.
AND
the comeback of the newer Shelby's....(buy it, beat it, put it away wet, destroy it, put it in the garbage and buy another one to beat)
One man's opinion- Micheal Savage.
What does any of this have to do with the peek back in time Steve gave us on the purchase of 1855? Not every thread needs the "Debbie Downer" perspective.
I was responding to this part.
".. even when they were little? :o ::) ???
Our - now adult - kids have little interest at this point as well, they are all big city dwellers. But back in the day - they used to argue over who got to go with me to the autocross or car shows (since only one passenger spot)."
This is what is sad. I wish todays kids could have the happiness and enthusiasm that some of us older people had back in the day. Thats all. I did not know I was not allowed to comment on a part of a post.
THIS is a great read guys!
I've been in the same boat for years......always just out of reach.
About 12 years ago I gave up on an original cobra and bought a backdraft.
It's been a fun toy. My son will turn 20 in October. He has quite a bit of wheel time.
He likes cool cars.
I switched insurance to Hagerty, they won't even let him drive the backdraft with me in the car too😂
We just did a road trip to buy a 66 gt 350 this week. It will be his inheritance and he is stoked!
Most of his friends know zero about old cars.
It makes me wonder about the future value as an investment in our throw away society.
He is about to help me track down all the missing pieces.
Should be a cool father son event.
"We just did a road trip to buy a 66 gt 350 this week. ......"
In a different thread, I'd love to hear more about this story.
Yes, would love to hear they were successful and what they bought
Quote from: JBinAlabama on July 10, 2021, 10:29:11 PM
THIS is a great read guys!
I've been in the same boat for years......always just out of reach.
About 12 years ago I gave up on an original cobra and bought a backdraft.
It's been a fun toy. My son will turn 20 in October. He has quite a bit of wheel time.
He likes cool cars.
I switched insurance to Hagerty, they won't even let him drive the backdraft with me in the car too😂
We just did a road trip to buy a 66 gt 350 this week. It will be his inheritance and he is stoked!
Most of his friends know zero about old cars.
It makes me wonder about the future value as an investment in our throw away society.
He is about to help me track down all the missing pieces.
Should be a cool father son event.
I also would like to read more about the trip to get the 66.
Quote from: gjz30075 on July 11, 2021, 05:00:22 AM
"We just did a road trip to buy a 66 gt 350 this week. ......"
In a different thread, I'd love to hear more about this story.
+1
I bought 6S477 in '74 for $1,000. Better ROI % than real estate. I'll wait until the current prices go down before I sell it LMAO.
Quote from: gt350hr on July 12, 2021, 11:56:44 AM
I bought 6S477 in '74 for $1,000. Better ROI % than real estate. I'll wait until the current prices go down before I sell it LMAO.
I have first dibs, waiting patiently sitting down in a very comfy chair.
Thank you in advance
EKG required before purchase ;) 0-100 in the 6 second range is not for a weak heart.
Quote from: gt350hr on July 12, 2021, 11:56:44 AM
I bought 6S477 in '74 for $1,000. Better ROI % than real estate.
Guess we got hosed when we bought 817 for $3,000.00 in 1978.
Quote from: gt350hr on July 12, 2021, 12:15:47 PM
EKG required before purchase ;) 0-100 in the 6 second range is not for a weak heart.
good lawd dats fast, I may not qualify although some have said I have no blood running through me or a heart.
what nonsense because here I am writing to you for your consideration as a saac member please remember to contact me if and when you decide to sell
that economical guy looking for a 1966 GT350 in white, red, blue or black
Quote from: S7MS427 on July 12, 2021, 02:57:48 PM
Quote from: gt350hr on July 12, 2021, 11:56:44 AM
I bought 6S477 in '74 for $1,000. Better ROI % than real estate.
Guess we got hosed when we bought 817 for $3,000.00 in 1978.
I bought 6S 409 in 1978 for 2500 cash and my daily driver 66 Mustang. I really wanted that car, plus SO CAL everything is at a premium!
I bought 6S550 in 1967 for $2450, and have never regretted it. Ron
Quote from: S7MS427 on July 12, 2021, 02:57:48 PM
Quote from: gt350hr on July 12, 2021, 11:56:44 AM
I bought 6S477 in '74 for $1,000. Better ROI % than real estate.
Guess we got hosed when we bought 817 for $3,000.00 in 1978.
Not at all!!! They were on the rise and automatic cars were less expensive that 4 speeds by at LEAST a thousand bucks , even in '74. I got very lucky when I bought mine. The fact that mine turned out to be one of the rare white/blue side stripe Hertz cars was an unexpected plus. Probably a contributing factor for my 46 years of ownership.
Randy
bought mine in 1974, GT350 H. #818 for 2K....Still own it drive as much as possible. overrides, 30 footer
Quote from: gt350hr on July 13, 2021, 12:10:52 PM
Quote from: S7MS427 on July 12, 2021, 02:57:48 PM
Quote from: gt350hr on July 12, 2021, 11:56:44 AM
I bought 6S477 in '74 for $1,000. Better ROI % than real estate.
Guess we got hosed when we bought 817 for $3,000.00 in 1978.
Not at all!!! They were on the rise and automatic cars were less expensive that 4 speeds by at LEAST a thousand bucks , even in '74. I got very lucky when I bought mine. The fact that mine turned out to be one of the rare white/blue side stripe Hertz cars was an unexpected plus. Probably a contributing factor for my 46 years of ownership.
Randy
Actually, I was being sarcastic in my response. I feel very fortunate that I was able to purchase an example of each of my two favorite Shelby years. I always liked the G.T.350 since I first knew what one was. The fact that I had said that I wouldn't buy a '67 G.T.500 unless it had a 427 in it was overcome when I laid eyes on 3040. So it had a 428, that could be corrected. And so it was. The fact is that I have both of those cars sitting in my garage today is something of a small miracle. The '67 is not exactly stock but modified in the spirit of CS. The Hertz car is slowly making its way back to stock. No it is not going to be a concours restoration, it is going to remain a solid driver with all of its 50 years of blemishes. People seem to like it that way and I'm perfectly happy to indulge the public.
Quote from: Hertz74 on July 13, 2021, 03:03:27 PM
bought mine in 1974, GT350 H. #818 for 2K....Still own it drive as much as possible. overrides, 30 footer
Do you have any associated pics you can post? I am 843.