EL GT - To be or not to be a big $ collectible?

[Poetic Justice]

I'm looking around at a potential purchase of a weekender at the moment.. and one car that I'm looking at a little is the EL GT.

There's approx 11 of them for sale at the moment on carsales one for as cheap as $29k and the most expensive is $100k with only 208kms on the odometer.

Will these continue to build more equity, or not?

The car itself is... dividing, I guess. Polarising in its looks, most people probably might have been on the negative side of opinions. Me personally, I think it looks great and having owned 2 EL's, I've always had a thing for the EF/EL shape.

The power, too, at 200kw is... not mouth watering. Will modifying it hurt its value too much?

[JC]

Modifying will affect its value but no reason you couldn’t “build” a motor and keep the original in a tea chest.

Do I think an EL GT is worth between $29k and $100k? Not on your life! But then it only takes someone (or 11 someone’s) to want one badly enough for those prices to be relevant and realistic.

[nstg8a]

Get an insurance quote before buying. Some of those body kit parts will be near on irreplaceable these days and there is no accurate aftermarket options.


Sent from my iPad using Tapatalk

[Whitey-AMG]

Buy it and enjoy it if it floats your boat. I reckon theyre a great car.
If your buying for equity and price appreciation, forget it. The price you buy it for is likely to be the price you sell it for again. No different to B and F series GT’s..... price neutral.

[Mont5.0]

I can think of better long term investments...

[mike_nofx]

Originally Posted by Mont5.0

I can think of better long term investments...

Yes most certainly.

Even the guy advertising the 208km one for $100k would be taking a big loss if he sold for his asking price. He’s had a $70k ‘investment’ sitting there which was never driven and truly enjoyed, for 20 years. To me that’s a loss, even financially.

I guess he had Falcon GT ownership bragging rights but I’d imagine most conversations went like this:

“Yeah mate I own a GT Falcon”
“Oh sweet, XY? XA?”
“Nah, EL GT”
“..... oh”

[Jack91]

I'd go an eb gt or ed xr8 sprint over an el. Same power, but in my opinion stronger history and importance as far as modern muscle goes. Also look way better. T3 TS50 would be another option.

[stock1991]

Even only driving on the weekend, you don't want to be "scared" to drive it, I always preferred a car without the body kit and the lower ride height just so I don't have to nurse it around through car parks etc, but as a highway cruiser why not. Be interesting to know if the 208km car gets lubricated or when

[JIm260]

If a vehicle is originally marketed as limited edition or collectable it usually never ends that way, the truly collectable cars are those that made a mark, race wins, most power, iconic....etc I think you get my point. The E series GT's just don't cut it.



Cheers
Jim

[xeeclipse]

Originally Posted by JIm260

If a vehicle is originally marketed as limited edition or collectable it usually never ends that way, the truly collectable cars are those that made a mark, race wins, most power, iconic....etc I think you get my point. The E series GT's just don't cut it.

Cheers
Jim

BLUE OVAL GRANGE HERMITAGE 90's edition

Ingredients.

302w
T5Z / BTR 97 LE
5 link 3.45 lsd

(may contain remnants of enaemic smog effected iron)

Rich and sweet on the palate, fruity flavour has a tendency of fading.

[pottery beige]

Originally Posted by xeeclipse

BLUE OVAL GRANGE HERMITAGE 90's edition

Ingredients.

302w
T5Z / BTR 97 LE
5 link 3.45 lsd

(may contain remnants of enaemic smog effected iron)

Rich and sweet on the palate, fruity flavour has a tendency of fading.

T5 would drop its guts any attempt of a GT skid

[mickjf]

Originally Posted by stock1991

Be interesting to know if the 208km car gets lubricated or when

At $100k the buyer would certainly need to be!

As someone who grew up with X series Falcs (including a near perfect factory original XA GT) I've thought about getting a E series onwards GT.

But for me they just don't have the same aura and I'd prefer to put the money into a later model car that can be a weekend fun car but also double as a daily driver.

[MR XR8]

I have owned a el gt they are a beautiful car to drive no rocket ship but still fun and comfy . If you wanted a little bit more power you could do the exhaust/intake/tune that will help it to breath a bit better and can be put back to original if wanted .
I don't think they will go up much in value as they don't really have a big following like that older x series cars and most of the younger generation go for the jap or euro cars these days .

[El Venom]

I don't think any of the 90's or newer falcons are ever going to explode price wise like x-series. There will be exceptions but they won't really be the money making investment of earlier cars. I suspect the vehicles that do increase value aren't going to be the stuff like gt's it will most likely be the very low build number specials and oddities.

If your like me and like the El gt package, buy one, use it, add your own touches and just enjoy it. I would buy one in a heart beat and use it as it was intended to be used otherwise what's the point

[Poetic Justice]

Certainly better investments out there, no doubt.

I want to spend ~$30k on a car - it's not purely for equity but it would be a bonus if the car I bought could potentially increase in value over time.

There's not a lot around these days pre, say, 90s that's good for $30k!

[raised by monkeys]

Want a return on a car in your lifetime? Buy the right pre 70's at a good price.

Im looking at pre 70's and i think a good value car at the right price is the American 66/67 falcon futura 2drs. Not asking as much as XY's and I think they're sexier than our XP's being a coupe. Only thing hotter is XL/XM IMO.

[ford71V8]

Originally Posted by raised by monkeys

Want a return on a car in your lifetime? Buy the right pre 70's at a good price.

Im looking at pre 70's and i think a good value car at the right price is the American 66/67 falcon futura 2drs. Not asking as much as XY's and I think they're sexier than our XP's being a coupe. Only thing hotter is XL/XM IMO.

Saw a XC wagon come up for sale yesterday - $8k with old school look / Cragars.
If it was closer to home I'd be snapping that up.


But yes, it baffles me how those 2dr XYs don't have a strong following.
We love XYs, we love coupes. Here's a car that is both but people walk past
I don't get it.
There's one thats been on the market for a good while now. He's lowered the price until he is saying I won't take anything under 20k. I was expecting that to be snapped up by now.

[raised by monkeys]

Originally Posted by ford71V8

There's one thats been on the market for a good while now. He's lowered the price until he is saying I won't take anything under 20k. I was expecting that to be snapped up by now.

Got a link?

Theres a nice one on carsales that's converted to RHD using combo of US dash and I think AUS (XP?) speedo w/ 302 from 289 though. Im not overly mechanical - is 289 different block/crank to 302?

[Dr Terry]

Originally Posted by ford71V8

But yes, it baffles me how those 2dr XYs don't have a strong following.
We love XYs, we love coupes. Here's a car that is both but people walk past
I don't get it.
There's one thats been on the market for a good while now. He's lowered the price until he is saying I won't take anything under 20k. I was expecting that to be snapped up by now.

I don't want to nitpick, but they are not really a 'coupe', they are really just a 2dr sedan & a largely unknown one at that.

They don't have the looks or cache of an XM/XP hardtop, an XA/B/C hardtop or Monaro or Charger.

Dr Terry

[ford71V8]

Originally Posted by Dr Terry

I don't want to nitpick, but they are not really a 'coupe', they are really just a 2dr sedan & a largely unknown one at that.

They don't have the looks or cache of an XM/XP hardtop, an XA/B/C hardtop or Monaro or Charger.

Dr Terry

Ha yes fair call... I was being a bit general there.

And I agree the 2door American cars don't have the same punch as the coupes you listed (XA-C shape in particular, is there anything that beats that shape?) but it still surprises the USA car doesn't have a stronger following...its far from boring or dodgy on the eye.
Personal tastes I guess

[Polyal]

For $30k you would be made to pass up on either;

FG F6
AU T3

$30k also gets you a pretty decent non GS/GT in the X series aswell.

[Poetic Justice]

a T3 would be tempting, decent examples seem to be more than 30k.

Wouldn't take anything less than 8 cylinders, F6 meh lol

[Polyal]

Originally Posted by SCUD

a T3 would be tempting, decent examples seem to be more than 30k.

Wouldn't take anything less than 8 cylinders, F6 meh lol

There is a nice silver manual sitting around thats been at $30k for a while, you would get it for less.

Depends if you after an "investment" or enjoyment. You can have both in a sense but just go with what you want.

[fordomatic]

Originally Posted by Polyal

There is a nice silver manual sitting around thats been at $30k for a while, you would get it for less.

Depends if you after an "investment" or enjoyment. You can have both in a sense but just go with what you want.

Nah, I tried, wont budge

[xeeclipse]

The 215kw senator and clubsport have a natural predator in the au3 220kw xr8.

Screwed them in straight line and I've blown them up on a race track lol!! Before the LS1 phenomenon the WINDSOR was king, the reliability, the noise and just a sweet car to pedal.

[Bossxr8]

As much as I like the EL GT I can't really see it ever being worth a lot of money. 200kw is sort of crap these days, with the big power turbo 6's and Miami's that came later on making it look paltry. And it will never have the collectability of an XR-XB GT.

[BENT_8]

I'd be looking at this if budget permits, been available for a month now so probably negotiable.

http://www.adelaidevehiclecentre.com...edan/17095273/

Oops, just realised your budget is $30k, still a nice car and worth noting incase anyone else is in the market.

[smoo]

Originally Posted by Bossxr8

As much as I like the EL GT I can't really see it ever being worth a lot of money. 200kw is sort of crap these days, with the big power turbo 6's and Miami's that came later on making it look paltry. And it will never have the collectability of an XR-XB GT.

By 1996 standards 200kw wasn't too flash... I think the VS Clubsports and Senators were at 215 while the GTS R was 235kw and another second quicker down the 400m (?). As far as hero models go the EL GT has always lived in the shadow of the GTS R.

Unfortunately there is nothing distinctly significant about these cars.
The amount of people lining up to buy one at the inflated prices from dreamer sellers could be counted on one hand.

Last time I saw one for sale (in NZ) was at $80k.
For that price I could consider,

Modern American muscle car - Mustang, Camaro, Challenger
1950s-'60s American in original condition with good options list.
Old Aussie classics - Valiant Coupes/Chargers, GT/GS Falcons, 2 door Monaros.
Modern Euros that a climbing in price - Porsche 993 - 997 911, 996 911 Turbo, BMW E46 M3 and BMW E39 M5.

Who would choose an EL Falcon over any of them, for driving enjoyment or an investment?!

[Poetic Justice]

Originally Posted by smoo

Last time I saw one for sale (in NZ) was at $80k.
For that price I could consider,

Modern American muscle car - Mustang, Camaro, Challenger
1950s-'60s American in original condition with good options list.
Old Aussie classics - Valiant Coupes/Chargers, GT/GS Falcons, 2 door Monaros.
Modern Euros that a climbing in price - Porsche 993 - 997 911, 996 911 Turbo, BMW E46 M3 and BMW E39 M5.

Who would choose an EL Falcon over any of them, for driving enjoyment or an investment?!

Fair call, at that price level I wouldn't look twice at an EL. At $30k level, you're competing with some very average pre-1980 sedans - even Mustangs at that price level seem to be a little dodgy.

[GT0132]

Originally Posted by Bossxr8

As much as I like the EL GT I can't really see it ever being worth a lot of money. 200kw is sort of crap these days, with the big power turbo 6's and Miami's that came later on making it look paltry. And it will never have the collectability of an XR-XB GT.

The thing is nobody thought X series GT's would be collectible either. Old mate neighbour had an XB GT sitting on his front lawn with a sign in the windscreen saying "$3,000 or offer" for 2 years back in 1994. He just couldn't sell it.

I certainly didn't want it, why would I .... I had a near new EB Fairmont