Will the Project 7 hold its value?
#1
Will the Project 7 hold its value?
Didn't have any luck with this in off topic so i'm going to ask here.
Considering only 250 are to be made and here in Australia we are getting a whopping 5 of those 250 would it be worth buying one?
I have seen with the Lexus LFA the price has actually increased as they also a limited production run of 500
Interested to hear your thoughts.
Cheers,
Nick
Considering only 250 are to be made and here in Australia we are getting a whopping 5 of those 250 would it be worth buying one?
I have seen with the Lexus LFA the price has actually increased as they also a limited production run of 500
Interested to hear your thoughts.
Cheers,
Nick
#2
I'm surprised they are producing only 250 of them. Generally, a manufacturer will produce an even 500 to qualify for homologation so the cars can be raced.
#4
I think it will remain coveted for quite awhile but probably won't hold its value that much better than other special editions based off of mass (relatively speaking) market products. I would love the original blue/white one.
#5
Depending on how you look at it, it could be worth it (If it holds its value) or a colossal waste of money
Last edited by Dr Nick; 01-14-2015 at 12:25 AM. Reason: Spelling
#6
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That's why i asked the question, i have been offered the 5th and Final one as of yesterday. Only thing is here in Australia we generally pay double the RRP of cars not produced locally so for a project 7 we're talking ~ $350,000 AUD
Depending on how you look at it, it could be worth it (If it holds its value) or a colossal waste of money
Depending on how you look at it, it could be worth it (If it holds its value) or a colossal waste of money
But I can see you in it..
Last edited by Gippsland; 01-14-2015 at 01:01 AM.
#7
Essentially the reason i posted is because by no means do i have money spewing from my pockets but were it to become a collectible or even sought after then i could justify the purchase.
Last edited by Dr Nick; 01-14-2015 at 01:22 AM. Reason: sp
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#8
Yeah, it's not an easy decision, I've already had one complete lemon (R35) which i hope will be the worst decision i ever make.
Essentially the reason i posted is because by no means do i have money spewing from my pockets but were it to become a collectible or even sought after then i could justify the purchase.
Essentially the reason i posted is because by no means do i have money spewing from my pockets but were it to become a collectible or even sought after then i could justify the purchase.
It really depends on the market into which you expect to turn it over for a profit. If there is a strong demand in Australia for collector car, you might be onto something. However, given the limited population down under, I'm not certain collector cars will generate the demand necessary to turn a profit.
Here in the States, I suspect it will be years maybe a decade or more before that vehicle could command US$ 285k. Then again, I might be surprised.
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Dr Nick (01-14-2015)
#9
It really depends on the market into which you expect to turn it over for a profit. If there is a strong demand in Australia for collector car, you might be onto something. However, given the limited population down under, I'm not certain collector cars will generate the demand necessary to turn a profit.
Here in the States, I suspect it will be years maybe a decade or more before that vehicle could command US$ 285k. Then again, I might be surprised.
Here in the States, I suspect it will be years maybe a decade or more before that vehicle could command US$ 285k. Then again, I might be surprised.
Also i'm wondering what caused the previous person to jump ship.
What do these guys know that i don't, something seems fishy here.
#10
My own sense is that it will be a long time before the project 7 has any true collector value and an appreciation curve. It's a very cool car, but I'm far from convinced it's collectible classic in the making. It's a curiosity, not a collector. That it's being offered in the way it is tells you all you need to know.
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Dr Nick (01-14-2015)
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