2008 CJ sold for 50k
 

I'm watching the Mecum auction and a 2008 CJ Mustang just sold for 50 k. Guess those folks who bought them for an investment struck out.

Re: 2008 CJ sold for 50k
 

I have yet to see a CJ or DP sell at auction for anywhere near list price. Most of them on E-Bay don't get bid on at all.

Can't say I'm broken hearted about it.

Re: 2008 CJ sold for 50k
 

An original COPO Camaro just sold for half-a-million! Maybe you have to wait 43 years before you sell these cars!

Get out and race them and you'll probably get more from the collector's!

Lew

Re: 2008 CJ sold for 50k
 

The best deal of all was a 2007 Featherlite Stacker trailer that sold for $1 today.

Re: 2008 CJ sold for 50k
 

I want one at that price.

Re: 2008 CJ sold for 50k
 

How much did a 1969 camaro copo or a Bo29 cuda sell for in 1972? I think these cars are an investment you just will not see a return until 2040. As far as a short term investment they are a very bad idea. Unless you were the one that payed $50,000 for the 2008 CJ. I don't see those cars ever being worth less then $50,000.

Re: 2008 CJ sold for 50k
 

This is just the most recent known sale of a CJ. The prices for these new cars have been dropping like a stone and they could certainly go lower. The new cars will probably drop to about 50% of their purchase price before hitting bottom. Sounds unthinkable, but that could eaisly happen if these rich folks stop buying them or decide to dump their "stock" and chase some other fad.

Re: 2008 CJ sold for 50k
 

I believe that some people are just coming out from under the "ether" effect, about these cars. No titles or serial numbers that mean anything, and can you imagine the amount of "Clones" that will be around in the next few years!!

If a person wanted to make an investment that would pay off, just have them stick 50K in to gold, bonds or CD's, not only would they make you more more by 2040 (sic), its a lot safer than investing 80K in a car that can't do anything that different than a 30K car.

Yeah, I know they look cool!.....and I would love to have one, but it makes no sense to me.

If you have the money laying around its your choice, but it looks like the bottom is starting to fall out of the Hyper Hole.

RJ

Re: 2008 CJ sold for 50k
 

Wow 2040!

How old will you be when you realize your investment ? LOL.
I know - know! A lot younger than me.

Re: 2008 CJ sold for 50k
 

I would rather buy an original 68 cj if I was looking for an investment to appreciate.

Re: 2008 CJ sold for 50k
 

Sounds like the SS 454" trucks when they came out in 1990. Except, they never came back up.

Re: 2008 CJ sold for 50k
 

50k sounds like a steal to me if you want to race the car . Does anyone no what # the car was or is it in fact a clone ? . I paid 68k in June 2011 for mine but got 10k in extra parts so if it's a real CJ sold at auction price seems right . Not sure but I think they sold new for 72k so they lost 30% in 4 years . Guess that not bad since if you bought a new car and sold it in 4 year i think you would lose 60% of it's value

Maybe the new 10.30 index hurt the value , last year it was a 1-1.20 under car now it's .70 - .90 under car .

Re: 2008 CJ sold for 50k
 

No, it is not the 60's all over again. Part of the message for these new cars was that they would appreciate in value, not perform a nose dive in value. The 60's cars will always be the kings, just like Hendrix, Joplin and the aged Stones. Anyone or anything that tries to copy these icons will always be just that. A big fat copy.

Re: 2008 CJ sold for 50k
 

I was told it was car #41. Nothing done to it since it came from the factory
Chuck

Re: 2008 CJ sold for 50k
 

It's was not #41. We have the 41's on lock here in Oklahoma. 1968 #41 2008 #41 2010 #41 and 2012 #41

Re: 2008 CJ sold for 50k
 

Car #40.

Re: 2008 CJ sold for 50k
 

Congrats !

Are you going to get the 2013 # 41 ?

Re: 2008 CJ sold for 50k
 

^^^ this

Re: 2008 CJ sold for 50k
 

Did these get bought as an investment which would go up in value or did they get bought to race the living hell out of them

Don't forget the old quote

"if you want to end up with a million dollars from racing - start with two million"


LMAO

:-) peace

Re: 2008 CJ sold for 50k
 

I think you meant if you want to have a million leftover then start with 2 million:)

Re: 2008 CJ sold for 50k
 

Greg Hill, Maybe the car did not really sell for $50,000.00, because the owner repurchased the car back? Tom

Re: 2008 CJ sold for 50k
 

Tom, this car was sold to a new owner because the reserve came off at the end of the auction. Mecum is not Barrett Jackson.

Re: 2008 CJ sold for 50k
 

""if you want to end up with a million dollars from racing - start with two million"


That's if you don't race too long.

Re: 2008 CJ sold for 50k
 

The old cars tanked in value also after being released. When times got bad people unloaded them like rats abandoning a sinking ship with gas crisis and other enconomic items. (Most)People did not buy the old hot rods because they were "investements" back in the day. They bought them to have fun and be seen. My parents had an 67 427 4 speed stingray. They sold the car because of gas prices skyrocketing and them starting a family. To view any car as an investment is down right dumb. Even cars that have appreciated took big hits it percieved value. And even today cars that have appreciated is not an indication that the they will continue to raise in value. The market is always changing. The current market wants type A/B/C while next generation may want type X/Y/Z. The cars are only worth what some one is willing to pay for them. CDs/Bonds etc are also not great investements but atleast they are garunteed to go up in value. The new cars may go up in value or they may not. Some model CJs were/are overpriced based on how much it would cost to build one yourself. The 08s were close to what it would cost to build your own and if prices continue to come down I would have started out with a real CJ to build for my hot rod. Unless some more come up with in the next year I will continue on with my plan on building a clone. I don't care about it appreciating in value as I know it probably won't. I only care about having a competitive race car that I have interest in.
It would cost 40-45K to build a competetive 08 yourself. So I think 50K isn't bad(you would still need to put another 5-10K in it to make it competive but it would be the real deal if thats important to you)