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Old 02-19-2009, 08:38 PM   #1
steel rebel
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Default AC Cobra Argument

Okay guys and gals. Help me settle an argument with my brother in law about how cheap Cobras ever got. Not saying which side I or he is on.
Reach back and put your thinking caps on. Probably in the 70s when gas prices zoomed up to the astronomical price of 60 cents a gallon and nobody wanted muscle cars. To be fair we're talking about drivers, not wrecks or big block garage queens.
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Old 02-19-2009, 08:48 PM   #2
cuznbrucie
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Default Re: AC Cobra Argument

In 1968 I almost bought a new 289 Cobra and the best I can recall is the price was about $6500........hope that might help....

CB
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Old 02-19-2009, 08:53 PM   #3
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Default Re: AC Cobra Argument

In 1971 there were 2 for sale by the same owner that I looked at . One was a 260" for $2000 , the other a 289" for $2500 . In 1977 I bought a 289 Cobra , CSX 2549 for $17,700 , from the original owner ......Z.D.
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Old 02-19-2009, 08:55 PM   #4
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Default Re: AC Cobra Argument

In about '68 my wife and I drove back to Chicago from Elkhart Lake after a Can Am weekend, in the driving rain. We stopped just off the interstate in Kenosha at a Shell gas station for some gas for our American Motors rambler.
We heard them comming. The low growl of a Ford V-8 comming down through the gears as they left the expressway for the same gas station.

Two young kids, maybe 20 years old each, in a 427 Cobra, soaked to the gills, miserable as could be, stopping for gas right along side of us. The Cobra was silver and of course had no top. The floor was awash. The two guys looked like drowned rats. It was about 40 degrees outside too.
The driver got out and began to fill the tank. He looked at the rambler and asked if we wanted to trade. I asked for how much?
He said he was so wet and miserable that he would give me the cobra for $5,000.00 right then and there.

I finished putting $11.00 worth of regular in the rambler and checked my wallet. I think I had something like four dollars total.

That car, today, is prolly north of half a million dollars.
I couldn't afford it then, and I sure as hell can't afford it now either....
ZOOOM
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Old 02-19-2009, 09:00 PM   #5
steel rebel
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Default Re: AC Cobra Argument

Thanks guys all over the place but keep them coming.
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Old 02-19-2009, 09:00 PM   #6
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Default Re: AC Cobra Argument

I know of a local that traded an early 289 Cobra for a '67-'68 Mustang and PAID money out. Then in Jan.'73 I sat in a red '65 427 SC, with 5000 miles on it. It was at a used car dealer and it was $9500.
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Old 02-19-2009, 09:03 PM   #7
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Default Re: AC Cobra Argument

Which Cobra the 289 or the 427 June 1970 Road and track classified ads.....Makes you friggin sick huh!
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Old 02-19-2009, 09:15 PM   #8
steel rebel
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Default Re: AC Cobra Argument

Can't read it. How much are each one?
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Old 02-19-2009, 09:43 PM   #9
steel rebel
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Default Re: AC Cobra Argument

Thanks guys. I feel vindicated. I made the statement at a club meeting that there was a time when you could buy a Cobra for two or three thousand dollars and everybody laughed at me. Said they never got that cheap.
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Old 02-19-2009, 09:48 PM   #10
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Default Re: AC Cobra Argument

I don't remember the year but a friend of mine had a choice between a 1962 fuelie Vette and a Cobra. he Cobra was not that much more. Probably late-late '60s or early '70s, $2500-$3000, maybe? I just know he chose the Vette and was sorry the last time I saw him.
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Old 02-19-2009, 09:54 PM   #11
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Default Re: AC Cobra Argument

When Carroll Shelby had his "garage sale" (late '66 early'67 I think), you would have had your choice of the following;

- fully race-prepared 289 Ford GT-40s, at $18,250

- 1965 USRRC winning 289 Cobra, at $6,000

- Ken Miles 427 Cobra, at $8,500

- Nassau 1964 427 Cobra, at $6,000

- Cobra Daytona Coupes, at $8,700


The Daytonas were particularly slow sellers. The last one didn't go down the road for quite sometime.
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Old 02-19-2009, 09:56 PM   #12
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Default Re: AC Cobra Argument

I came real close to buying one in April of 67. A guy I worked with was wanting sell his blue 63 with a 289 to buy a XKE. He wanted $3,200. I didn't buy it because I was going in the Navy and really didn't want it setting around while I was gone and wouldn't be able to drive it. Then a friend of mine also told me I should never buy a used "Sports Car"

Still want to shoot myself for not picking that up.
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Old 02-19-2009, 09:58 PM   #13
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Default Re: AC Cobra Argument

my buddies in hs around 68 came home with a cobra minus the motor ,that they found in town in a ladies backyard.seems she was divorcing her old man and didn't like looking at the car. we played around with it and put a 327 /pg in that car under the tree one night and got a short drive shaft welded up.then the boys started arguing about who got to keep it at which ones house.next thing i know,one guy gets the body and engine,the other guy gets the frame.
about mid summer that year my brother in law traded a gocart for that frame and made a dune buggy out of it...hell,we didn't know.
last time i saw that dune buggy with the cobra frame i was heading off to thailand.when i got back it was gone...boy were we stupid kids....so to answer your question....25 bucks and a friendship for a cobra
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Old 02-19-2009, 10:08 PM   #14
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Default Re: AC Cobra Argument

Around '68, a doctor that gassed up at the Mobil station I worked at had a '67 427 Cobra. I asked him how much it cost. Brand new, it was $8K. Not to get off the subject, but a co-worker bought a Super Bird during the gas crunch. He paid $3K and has 3.
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Old 02-19-2009, 10:20 PM   #15
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Default Re: AC Cobra Argument

AC Ace $3,000 in 1971
I passed. Wasn't gonna spend that kind of crazy money on a used car. I didn't care how cool it was.
Sheesh!
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Old 02-19-2009, 10:22 PM   #16
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Default Re: AC Cobra Argument

A good friend of mine was shopping for a new car in 1966 and it had to be nothing but a Ford.His wife and he went to a local Ford dealer and bought a bright red 66 289 a/t Mustang coupe that they still own albeit several accidents and 3 engines later.Dick wanted to buy the 427 Cobra that was parked next to his Mustang in the showroom but his wife(the ever practical member of the family)couldn't quite picture them with their young son driving around in such a vehicle and besides it cost $6800!He still hasn't let her forget THAT one!
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Old 02-19-2009, 10:50 PM   #17
lentz automotive
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Default Re: AC Cobra Argument

when i was 18 and driving a 57 chevy 2dr ht a buddy offered me his 289 cobra for 1750.00 -- might as well have been a million - my chevy cost me 125.00 ---1971
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Old 02-20-2009, 12:10 AM   #18
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Default Re: AC Cobra Argument

http://data.bls.gov/cgi-bin/cpicalc.pl

Inflation Calculator
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Old 02-20-2009, 12:15 AM   #19
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Default Re: AC Cobra Argument

Quote:
Originally Posted by 303racer View Post


Thank you so very much! Now I've got to go find a bunch of old timers!
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Old 02-20-2009, 12:53 AM   #20
Pir8Darryl
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Default Re: AC Cobra Argument

As late as 1985, there was a 427 SC in louisville for $10,000, and it was for sale for a loooong time before it sold.

The same year, I bought an orange and white 440 4V dodge Daytona, rough but running for $2500, and the seler gave me a 340 4sp duster and a ram air 4 GTO with a 4 speed for free.

But what's more important here is fixing those prices for inflation. In 1985, my $175k home was $34k... Back then, a brand new caddilac or corvette could be had for $17,500.

Even in 1970, when they could be had for $3k, a brand new LS-6 chevelle or hemi MOPAR was only going for $3500-4000.

So even tho it's true that they could be had at one time for just "a couple thousand bucks"... Back then, a couple G's was damn close to new car money!!!
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