2003 Jeff Gordon Monte with 6k Miles on BaT
#1
Join Date: Apr 2010
Location: Mentor, Ohio
Posts: 12,175
2003 Jeff Gordon Monte with 6k Miles on BaT
Thanks to @MAMONTE sharing this with me the other day, I am aware that BringATrailer has a pretty share 2003 Jeff Gordon Monte.
https://bringatrailer.com/listing/20...onte-carlo-16/
I spotted a few faults for a car that bears only 6k miles that struck me as odd, but over all, seriously, very sharp. I noticed this car has had the valve cover recall completed.
Now I have seen a few 2002 Dale Sr cars sell on this site. How about people take a guess at what they think the auction will close at? I'll start, I am going to ball park it at $15k. I know the Dale Sr cars have gone for more than that, BUT those are Dale Sr cars. I don't follow Nascar, but I am going to assume Dale had a bigger fan base than Jeff Gordon, so the name alone draws more attention. But, I admit, I could be wrong, as how many Gordon Montes are around like this? But I will stand by my $15k guess (it's just for fun). What does everyone else think?
https://bringatrailer.com/listing/20...onte-carlo-16/
I spotted a few faults for a car that bears only 6k miles that struck me as odd, but over all, seriously, very sharp. I noticed this car has had the valve cover recall completed.
Now I have seen a few 2002 Dale Sr cars sell on this site. How about people take a guess at what they think the auction will close at? I'll start, I am going to ball park it at $15k. I know the Dale Sr cars have gone for more than that, BUT those are Dale Sr cars. I don't follow Nascar, but I am going to assume Dale had a bigger fan base than Jeff Gordon, so the name alone draws more attention. But, I admit, I could be wrong, as how many Gordon Montes are around like this? But I will stand by my $15k guess (it's just for fun). What does everyone else think?
#3
I always feel bad for the original owners on these things. Spend all that money, all those years carefully storing it in the hopes it turns out to be a big investment, and then it ends up struggling to bring back 50% (and is even worse when you figure that $30k in 2003 dollars is close to $50k today in terms of buying power from inflation).
It is a very sharp car though. I'm not into NASCAR at all, but for mid teens, this would be an awesome daily driver (especially since its actually been driven a little and isn't virtually 0 as some of the collectors have). Used car prices are so crazy now that you'd have a hard time finding anything this clean for $15k, much less with that low of mileage (ignoring the bargain basement new cars - a Spark, etc.).
My guess is $20k due to how nuts the used car market is right now.
It is a very sharp car though. I'm not into NASCAR at all, but for mid teens, this would be an awesome daily driver (especially since its actually been driven a little and isn't virtually 0 as some of the collectors have). Used car prices are so crazy now that you'd have a hard time finding anything this clean for $15k, much less with that low of mileage (ignoring the bargain basement new cars - a Spark, etc.).
My guess is $20k due to how nuts the used car market is right now.
#6
Join Date: Apr 2010
Location: Mentor, Ohio
Posts: 12,175
This is going to be a curious watch. And BaT auctions are different from eBay. If someone tries to snipe the auction, it will extend the time. This can create a true bidding war.
I have said things like what Bumpin' mentioned before. To be a proper car collector, you have to buy the car, then have somewhere to store it, ideally climate controlled. There is still some maintenance to be concerned with and such. Over the years, really a lot of money involved in a car to be an "investment". And then to sell it and probably not even break even on the original purchase cost?
I have a friend who has bought, drove and sold a few cars. Only one of those was over 25 years old, the rest were post 2000. But he did good and actually enjoyed them all and either broke even on his cost of ownership (which in my book is awesome, aside from gas you drove it for free and enjoyed it) or made some money. He's not a collector, just a guy that scores some good deals here and there. That is the best position to be in, at least I think so.
I have said things like what Bumpin' mentioned before. To be a proper car collector, you have to buy the car, then have somewhere to store it, ideally climate controlled. There is still some maintenance to be concerned with and such. Over the years, really a lot of money involved in a car to be an "investment". And then to sell it and probably not even break even on the original purchase cost?
I have a friend who has bought, drove and sold a few cars. Only one of those was over 25 years old, the rest were post 2000. But he did good and actually enjoyed them all and either broke even on his cost of ownership (which in my book is awesome, aside from gas you drove it for free and enjoyed it) or made some money. He's not a collector, just a guy that scores some good deals here and there. That is the best position to be in, at least I think so.
#7
Im guessing with the economy tanking like it is under the strict guidance of our extremely competent people in high places, people will pull back from frivilous purchases. A Monte Carlo is not one that even makes bidders sit up in their chair. So I will roll the dice and lock in on $12,750.
#8
Join Date: Apr 2010
Location: Mentor, Ohio
Posts: 12,175
Im guessing with the economy tanking like it is under the strict guidance of our extremely competent people in high places, people will pull back from frivilous purchases. A Monte Carlo is not one that even makes bidders sit up in their chair. So I will roll the dice and lock in on $12,750.
#9
Yikes! So I guess no one here wants my free advice on stock investments... Well next stop is your number amigo.
#10
Oh and BTW, the auction is up to 14 now. It's definitely picking up steam.