2008 CJ sold for 50k

[boster]

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 .

[ALMACK]

Originally Posted by Greg Hill

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

^^^ this

[Tom Moock]

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

[Bruce Noland]

Originally Posted by Greg Hill

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.

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.