Thinking of selling the ACR Am I Crazy

[zee]

I know this is a very personal decision as everyones situation is different, but lately I have been thinking about selling my ACR as I really just don't drive it much anymore. I am trying to think long term and I know I will probably regret selling it, but at the same time, I think I can get $250k+ for it right now which sounds fun too lol. I have had the car for over 2 years now and just crossed 9k miles.

I know that I will never find a spec like this again for the price that I paid. I know they are getting more and more rare and nothing will ever be built like it again.

I don't NEED to sell it, and I was looking at buying some other toys because I'm bored, but time is of the essence. With 2 little kids and my business, I maybe take the ACR out one a month or so.

Am I insane? Just post thing seems kinda ridiculous but curious how other people feel with the market where it is on these cars (biased or unbiased as it may be lol).

[Aevus]

Ok but if you don't NEED to sell it, how selling it for 220k or 250k now... or hypothetically 300k in 2 years from now would make a difference?

I mean, is it a matter of money/investment or the car just take space you'd need for other toys

[zee]

Ok but if you don't NEED to sell it, how selling it for 220k or 250k now... or hypothetically 300k in 2 years from now would make a difference?

I mean, is it a matter of money/investment or the car just take space you'd need for other toys

Little of both right now - I would chill out for a bit and invest that money into some things and also use it for some upgrades on my house. Space is not that big of an issue yet but will be down the line for sure. I like the way you are thinking about this though.

[Szeszko02GTSGA]

Difficult decision for sure, you'll get top dollar now. Who knows what the market will look like in one or two years. Better or lower? With all the other toys in your barn, will you miss her? The more miles you put on her the lower the value.

[Aevus]

Personally, I think a major and worldwide economic crisis is upon us (think 2008, maybe worst) within a year or two, and all luxury stuff will take a dive, at least temporary. So if you plan to sell it anyway, probably better now than in 2023. But if you see yourself keeping it for 10 years, I wouldnt be too much afraid of seeing the value drop.

Then again, maybe you're not questionning the investment value at all...

[zee]

Difficult decision for sure, you'll get top dollar now. Who knows what the market will look like in one or two years. Better or lower? With all the other toys in your barn, will you miss her? The more miles you put on her the lower the value.

Great points - appreciate your feedback.

Personally, I think a major and worldwide economic crisis is upon us (think 2008, maybe worst) within a year or two, and all luxury stuff will take a dive, at least temporary. So if you plan to sell it anyway, probably better now than in 2023. But if you see yourself keeping it for 10 years, I wouldnt be too much afraid of seeing the value drop.

Then again, maybe you're not questionning the investment value at all...

I agree with your analysis on some major economic stuff coming soon. This is my 3rd viper now and I really thought this would be the forever car, but I don't know why I keep thinking about selling it - that to me is a red flag. I never once think about selling my Performante...at least not yet lol

[Aevus]

I don't like to buy things, as an investor, when they're priced high. And gen 5's ACRs are priced (relatively) high since 1-2 years. So is it the best investment there is now? Probably not. Probably not even in the collectible car world. Maybe Ferrari Daytona, maybe Porsche 993 turbo, maybe something else will have a higher value in 5-10 years, nobody really knows.

Also, maybe your ACR v.s. 5x Bitcoins won't have an equal value in 5 or 10 years like it is right now! Nobody knows.

The right decision is probably the one you might regret the least. So what's worst: seeing the value drop to 150k or selling it at 230-250k and see 500k sales in few years?

[Aevus]

... also, if the inflation keeps going crazy, 500k won't be much more than 250k today! hahaha

[Aevus]

Investor aside, on a car enthusiast point of view, I'd keep the car. If you enjoy it, of course.

You own the pinnacle of the Viper, and the last symbol of an era: manual transmission, RWD, lightweight, massive loud naturally aspirated engine with huge torque. A true beast on the verge of extinction, that will be replaced by heavy hybrid turbocharged or silent full electric stuff.

I mean, unless you consider the C8 vette as THE last one, I think the Viper ACR is pretty much the true last sport/muscle car from our 20st century childhood dreams.

[Policy Limits]

Money can't redline at 6,250 RPM's.

[Leanmass]

You should think about what your tax liability will be if you sell your car. Is it worth giving Uncle Sam $30k-40k or possibly more. Taxes can be complex. In some states you can offset sales tax if your trading in another car.

[Ronin47]

You paid 140k for a machine that's 250k right now. Time to sell.......

[Fulltilt]

If you sold it, would you replace it? If so, with what? Weren't you looking at GT3's? Go drive the ACR this weekend, if you don't get out of the car with a smile on your face sell it. You could always start making an ad for it and if you find yourself instantly regretting the move then you know the answer.

[ViperNC]

Previously stated, but selling it only creates the problem of what to replace the ACR with. One could argue we could all make money off our Gen 5 Vipers right now, but unless you have no plans to purchase another car and going in a completely different direction you'll be left with that open space in your garage where your Viper once sat and wondering if you made a mistake. The Gen 5 Viper is the last of a dying breed of true driver's supercars with a proper manual gearbox. I can't think of a single car I would want instead other than a 2005-2006 Ford GT and frankly the Viper is a better car with more power. Plus there are so many Lambo/Ferrari/McLaren/Aston/Porsche/Audi people running around these days it's just too much fun taking all their precious attention away from them when you roll up in a VIPER... priceless.

[zee]

I wouldn't replace it right away. I would invest the money in some other things and chill out for a while. Yes I was looking at GT3's but everything is just way too high right now and want to see what the market does over the next year or 2 before adding anything else to the stable.

[Policy Limits]

Invest in what? My car increased 300% in value in 40 months. You can't even beat inflation in a bank these days. I vote Horsepower!

[viperguy69]

If you don't need the capital, then list it for 10% more than the going price and see what happens. With the extra $25K you can take the family on a 1st class Disney cruise...

However, I know several people that sold their cars just to regret that decision, but I am not sure if the regret is from missing the car or the extra money they could have made had they just waited.

Me, I going to wait until premium gas his $10 a gallon before I make any hasty decisions!

[Aevus]

I wouldn't replace it right away. I would invest the money in some other things and chill out for a while. Yes I was looking at GT3's but everything is just way too high right now and want to see what the market does over the next year or 2 before adding anything else to the stable.

for reference, in 2008-2009 luxury/sport car prices went down roughly 10-20%.

... people who suddenly were in need of cash and flooded the market. Which temporary brought prices down.

I think we're in the middle of a massive bubble right now, but maybe i'm wrong and maybe half mil for an ACR will be a decent price in few years... Maybe not. But if an economic crisis happens, I don't see how it could go less than 150k for a low mileage ACR unless the market is flooded with people desesperately in need of cash. And if it's the case, it will be temporary. And if it's not temporary, well, it's the end of the world... So a bunker would be a wiser investment ;-)

Bottomline the real question is: Do you still like your car?

[Aevus]

Invest in what? My car increased 300% in value in 40 months. You can't even beat inflation in a bank these days. I vote Horsepower!

Not that I like that stock but TSLA (Tesla) went up 1500% in value in that 40 months. Even pretty defensive stocks such as Google, Apple and Amazon are 300-400% up...

The bubble is everywhere. I collect/invest in wine bottles and it's crazy as well... A single bottle of Domaine de la Romanée-Conti is valued at 30-40k, even the recent ordinary vintages.

Sportscar
Real estates
Fine art
Collectibles
Fine wine

not to mention stockmarket and crypto

Crazyness everywhere

[Gen5snake]

Why would you regret it? If you're bored of it now, you'll be bored of it in 5 or 10 years. Sell it, put the cash aside, go bargain shopping when the market bubble burst (and it will), then there will be no regrets.

[Policy Limits]

The bubble is everywhere.

Crazyness everywhere

Not everywhere. Facebook just took a massive dump & try not to look at your 401(k)

Just my opinion, but having the last V10 made with a manual transmission, the fact that its handmade, no longer in production, etc has way more to do with increased values than a trendy bubble. Real estate crashes every 7 years. Special Edition Anniversary snakes on the other hand, will not only not tank, but will be seven figure assets eventually. I called it from jump street and naysayers abounded. Now its coming to fruition more & more each day.

[Lawineer]

Problem is, everything you'd replace it with has gone up a ton in price.

[zee]

Problem is, everything you'd replace it with has gone up a ton in price.

I would not replace it. I would chill out for a while and see where the market goes after a year or 2...so I say

[zee]

Why would you regret it? If you're bored of it now, you'll be bored of it in 5 or 10 years. Sell it, put the cash aside, go bargain shopping when the market bubble burst (and it will), then there will be no regrets.

This makes a ton of sense - just coming down to actually following through on this advice is hard for me still at this stage haha

[efnfast]

I would not replace it. I would chill out for a while and see where the market goes after a year or 2...so I say

The only problem is the market may go up and up and up ... it can remain irrational longer than you can remain solvent.

Everybody was waiting for firesale lamborghinis and ferraris to show up because of COVID - well, we know what happened there, lol