value of the lincoln?

Ricksquickviii

Ricksquickviii

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this is just a thought, Some one ask me this the other day, it's been on my mind, why put thousands of dollars in a car if you will never get it out, I can see maybe in a corvette, camaro , mustang , that will hold value better, but not a Lincoln, the value of the car keeps going down,

so a 93 mark viii stock, and a modfied 93 mark viii would still sell for about same price.

I thinking about buying a corvette now.

190 fuel pump,
3.73 rear end,
mod. Sup.
 
Mustangs don't hold value worth a crap either, Camaros aren't much better. In order to sell a modified car of any type for more than a stock one you have to find the right buyer, it will take longer and be more of a PITA to sell for more money than a stock car.

By now, Marks are close to bottoming out in price, especially gen 1s.
 
You put money into the car because you enjoy driving it, you like how it looked, and because you couldn't get a comparable car for the money.

You can't replace a properly owned Mark VIII for what it's worth.
 
You put money into a mark because you like the car not because you are going to sell it! :invasion:
 
:I I myself own two Marks. I didn't buy them with the plan of selling them (I actually sold my Gen 1 to Mark101). I plan on getting another one to have for my own personal parts department.
 
You put money into it because you like it, want to keep it, and want to fix it right so it continues to be as good as it can.

When I saved my 84TC from the junk yard I decided early on with the frame swap to do it right while it was apart and if I went beyond its value so what. I'm way beyond its value.

Brings up another point though. Why buy a new car when it looses value just from driving it without repair, heck just leaving the dealer lot? The repair of a old car is often less than tha car payment or depreciation of the newer car.
 
I'm having my car done (rust removed from doors and rockers) because I like the car. I wont' get the money out but the same money won't buy me a car as nice, as comfortable or as reliable
 
Its called being SMART!

Do we throw a house away because its old and run down?

Do you put a new fence in because the paint came off the old one?

Do you dump a Boeing 747 in a bone yard because its crank sensor went out and the low washer fluid message wont go away?

The SMART thing to do is either fix or remodel. The concept of ALWAYS having a car payment amazes me. I think ALL my friends have a car payment. Once a car is payed off, what do they do? They trade it in and get another loan for $10 to $20k! Its a cycle that never stops. While its true, that generally the car has low "book value" by the time the loan ends and it may have some miles, but if it runs fine why dump it? Its a cycle that many Americans are in.

So pay it off if you have a loan and fix as you go or do a face-lift. Now days car engines and trans can last a long time relative to vehicles from the 60s and 70s. Sure its always nice and tempting to get a new car, but the savings of keeping and maintaining and paid of vehicle is clearly tremendous. Its obviously better if you like the vehicle you have and certainly in some cases it may be better to send it to the yard. But all too often a vehicle can be "remodeled" for under $5k versus spending $10k or more for a used vehicle or $20k for something new and being stuck with a big bank payment and insurance.

Although I should add I am going to pick up a Porsche next spring :P
 
unity said:
I think ALL my friends have a car payment. Once a car is payed off, what do they do? They trade it in
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Funny - I'm in a whole 'nother country yet it sounds like we have the same friends! I bought my car with no loan - paid it out. If I couldn't do that then I figure I couldn't afford the car. Borrowing for a home is WAY more important. I take care of it and my friends, family and clients go "Oooh... This is nice!" even though so many won't buy used. (And I took my first peek at a [used] Vette the other day;) but that'll take a bit more time still)

Canadians tend to lease rather than borrow. I personally think (for the average person) it's a sign of insanity ... and they do it again and again and have absolutely nothing to show for their money at the end of the term.
 
Home payment is priority over car loan. Most have both and are broke...nice house and maybe a nice car, but broke. Most convince themselves that a Accord is nicer than a older Lincoln, but really they are the wanna bees.

I built my cars and avoided car loans for along time. Now mortgage behind me and completely debt free I don't mind a car loan, but I waited and worked hard for it. Now I choose to have the mix. Cars I built, cars I paid off and kept(cause trade in is a joke and I like them)future projects, cars on loans....how many is to many?
 
I guess it all comes down to the way cars are perceived now. They have gone from a necessity to some to a luxury for almost all.

Really, we should all be driving Geo Metros. (mass transit in theory is better, but lets not go there!)

The whole idea is that it gets you from point A to point B. But now they are more of a luxury and many judge others by what they drive to a great extent. Cars are the new "house/estate" of the 1900s. Its a status symbol for most and we have to have the latest!

Reminds me of a commercial where a high-fashion lady walking down a sidewalk with a lion (or some big cat) looks at a passerby in car and remarks "Ha! He drove that car yesterday". Its a remark that some now would be more prone to say about a pair of shoes I suppose or for the lesser "regular person" a shirt.

I do recall friends of mine saying to others: "Your still driving that old thing?" or "When are you going to trade that in already!"

But to comment to the original poster. Like all cars at some point they gain value back again, slowly. All the Marks up to but not including the Mark VI (6) have gained collector status. I myself owned a IV and a V and miss them much! Unlike most Lincolns, the Marks series will "recover" faster and become more valuable. The Mark VIII maybe more than others since it was the last of the Mark series.
 
Let's see? You could buy a new car, drive it off the lot and lose 25% of the value right there and still have a $300-$600 a month payment.

If you like a car then why not put money into it and make it your own? Who cares what it will sell for? Not me!

I had a really nice 1977 ford f150 ranger xlt. It was in terriffic condition, No rust, clean paint & interior, 302 engine. Anyways it was nice but it was also 30 years old!!! When I went to sell it a guy bought it and told me he didn't mind spending $3,500 (my asking price) for an old truck because he could replace everything on the truck himself, work on it himself & still spend way less than buying a new truck with a body made of light wieght beer cans. He told me that he would be burried it it!

Looking back I should have kept it! Anyways... There is a buyer for everything. While you own it you should have fun and make it look good!

150D15C9D-92E9-D47E-328FFDCCB3A1BCC7.jpg
 
Let me tell you something! The Mark VIII is a classic, And a well maintained Mark VIII will be recognized for its true value in years to come! I just can't put a price on how I feel when I'm driving my Mark VIII, I'm 58 years old and I owned and drove alot of cars, But none ever gave me that feeling. Not even my corvette or mercedes!!!:cool: :D
 
MERIJONS97LSC said:
Let me tell you something! The Mark VIII is a classic, And a well maintained Mark VIII will be recognized for its true value in years to come! I just can't put a price on how I feel when I'm driving my Mark VIII, I'm 58 years old and I owned and drove alot of cars, But none ever gave me that feeling. Not even my corvette or mercedes!!!:cool: :D
Click to expand...

Very well said!;)
 
Dave Ramsey Statistic: the average car payment in the USA is about $480 now, for 72 months.

Between the ages of 30 and 70, that car payment money invested in a 'growth stock mutual fund' will be 5.8 MILLION dollars when that person is 70. As Dave says, "Hope you like the car!".

I've done dumb with car payments (see the LS section), and never will again. This 94 Mark 8 is a cheap car for me, which is one of our get out of debt cars. It's pretty enough for $1500, drives great - and it's paid for!

Sinking money in depreciating 'assets' is a dumb idea, unless you're so rich you can afford to blow the extra cash.

But don't go buy a friggen Corvette just because they'll appreciate - cause they usually don't unless they're in great shape. All sorts of 70's and 80's Vettes out there for $5-10k.

Drive, and LOVE your Mark 8, it might not have the balls out performance of a Vette, but it's a heck of alot nicer to live with.
 
Kevin said:
Dave Ramsey Statistic: the average car payment in the USA is about $480 now, for 72 months.

Between the ages of 30 and 70, that car payment money invested in a 'growth stock mutual fund' will be 5.8 MILLION dollars when that person is 70. As Dave says, "Hope you like the car!".

I've done dumb with car payments (see the LS section), and never will again. This 94 Mark 8 is a cheap car for me, which is one of our get out of debt cars. It's pretty enough for $1500, drives great - and it's paid for!

Sinking money in depreciating 'assets' is a dumb idea, unless you're so rich you can afford to blow the extra cash.

But don't go buy a friggen Corvette just because they'll appreciate - cause they usually don't unless they're in great shape. All sorts of 70's and 80's Vettes out there for $5-10k.

Drive, and LOVE your Mark 8, it might not have the balls out performance of a Vette, but it's a heck of alot nicer to live with.
Click to expand...

:shifty: WOW! Think if you lived with your mom, and socked away your whole paycheck? How much you will have? :D Besides a really old mother!!
 
Without resorting to sarcasm (it was funny though), think about it - it's JUST the car payment portion of your takehome pay.

Owning a house makes sense, and it's an APPRECIATING asset - the value of the house goes up almost at the same pace as the interest on your mortgage. Still doesn't make sense to keep a mortgage around 'like it's a pet' either, there are so many bogus options out there such as adjustable rates (we saw what happens with those last week), interest only, and the kicker - the 50 year loan.

Am on my way to being debt free, have my own brand new house, 3 used but paid for cars, and am going to own my stuff, instead of my stuff owning me.
 
Kevin said:
Without resorting to sarcasm (it was funny though), think about it - it's JUST the car payment portion of your takehome pay.

Owning a house makes sense, and it's an APPRECIATING asset - the value of the house goes up almost at the same pace as the interest on your mortgage. Still doesn't make sense to keep a mortgage around 'like it's a pet' either, there are so many bogus options out there such as adjustable rates (we saw what happens with those last week), interest only, and the kicker - the 50 year loan.

Am on my way to being debt free, have my own brand new house, 3 used but paid for cars, and am going to own my stuff, instead of my stuff owning me.
Click to expand...

:( Kevin, I wasn't referring to you or your mother...when I said "you", I didn't mean you personally, I was speaking in general terms..NO DISRESPECT MEANT! If you thought that I apologies.

I agree with you 100%...I am debt free! Every thing I have, I own...Thank God!!:)
 
Nicely put Kevin,

Kevin said:
Dave Ramsey Statistic: the average car payment in the USA is about $480 now, for 72 months.

Between the ages of 30 and 70, that car payment money invested in a 'growth stock mutual fund' will be 5.8 MILLION dollars when that person is 70. As Dave says, "Hope you like the car!".

I've done dumb with car payments (see the LS section), and never will again. This 94 Mark 8 is a cheap car for me, which is one of our get out of debt cars. It's pretty enough for $1500, drives great - and it's paid for!

Sinking money in depreciating 'assets' is a dumb idea, unless you're so rich you can afford to blow the extra cash.

But don't go buy a friggen Corvette just because they'll appreciate - cause they usually don't unless they're in great shape. All sorts of 70's and 80's Vettes out there for $5-10k.

Drive, and LOVE your Mark 8, it might not have the balls out performance of a Vette, but it's a heck of alot nicer to live with.
Click to expand...
 
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