CarMoola.com : When You Buy A Car Moola Is What You Need

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Of Course You Can Own A Ferrari, But The 1963 250 GTO Is A Rare Breed

Major League Baseball's Yogi Berra, reportedly, once said, "A nickel ain't worth a dime anymore."

Similarly, this writer has said, before, "You can't buy a 1963 250 GTO for 18 grand anymore." While that's a paltry sum now, it's about the price for which it sold, brand new, way back in '63.

These days, U.S. $300 million is equivalent, perhaps, to a 1963 GTO, or three, + one '63 Ferrari parts car.


...

The 1963 Ferrari 250 GTO is definitely a car; albeit, a rare, limited production, extraordinarily exceptional, car. Cars.com comes to mind. There's just one; talk about limited production, talk about rare. It doesn't surprise me, therefore, that it's been referred to, for good reason, as a record breaker, and the priciest of its kind. I've seen figures valuing it well north of U.S. $800 million, and that's probably still a bargain.

ROBIN: Nah. You don't know me. Gorgeous car you have out there.

LECTURER: You mean you're a collector; you want to buy her? Don't think I'll ever sell her, but if you'd like your offer added to the list, then, send it to this email. If you don't specify the amount of your offer, in U.S. dollars, then, it's an exercise in futility; whatever you send will just get deleted.

Imagine taking your '63 250 GTO for a drive, just you and her, coming to a stop sign, and a bunch of people come out of nowhere, I guess, from behind roadside bushes, and start tapping on your windscreen saying something about buying it for a couple thousand. A few weekends later, you and the 250 GTO are at a completely different stop sign, miles away, and the same bunch of people come out of nowhere, again, tapping on your windscreen saying the same stuff. All this despite the fact there certainly is not a for sale sign on the car. Even if you actually believed they had sufficient wherewithal, as opposed to a couple thousand, which doesn't even qualify as a pittance vs. the car's value, would you actually want anything to do with folks who have no qualms about behaving in such a manner?

I'm unlikely to lease my '63 so some guy, or gal, can take her to the nearest track.

It makes no more sense for me to race a sixty something year old 250 GTO than it does for me to buy a very old race horse to race. How many NFL, or even MLB, athletes do you see walk off the field in retirement one day and, later that night, tell their wife they'll need to be at practice the next morning so they can be ready for the upcoming game?

If you want a production car to race try a 2015 LaFerrari, or a 2008 Enzo; either one, in top condition, could get you to 60 in well under three seconds. I'd guess you might find an excellent 2015 for, perhaps, U.S. $6 million and up. Rare car, though; so, it largely depends on what price the owner sets.

Chicago Is Kind Of A Big Deal; Like Mr. Griffin, And Like The '63 Ferrari 250 GTO

Clearly, the Chicago area is a destination with which CarMoola.com is extraordinarily familiar. If the $70 million '63 Ferrari 250 GTO is in Chicago now, perhaps, at the Chicago area headquarters of a certain car accessory company, CarMoola.com would be thrilled to get an invitation to spend a little time with it; maybe, even take pictures and sit in the driver seat.

Actually, we'd like to sit in every seat that particular '63 Ferrari 250 GTO has to offer; that way we'd be more certain we didn't miss any great views from its interior. Truth be told, we'd even sit in a seat next to it; say, within a meter, or so.

Undoubtedly, many have read news stories covering Mr. Kenneth Cordele Griffin's, aka Ken Griffin, relatively recent move of the global headquarters of Citadel, the organization where he is founder and CEO, to Florida, and, before that, news stories covering his divorce from Ms. Anne Dias-Griffin. Anne Dias-Griffin is the Strasbourg, France born founder and CEO of Aragon.

Having read reports of Mr. Griffin's alleged penchant for Ferrari some might have taken for granted he bought the $70 MILLION 1963 FERRARI 250 GTO to which CarMoola.com referred. Well, Citadel and Mr. Griffin were kind of a "big deal" in Chicago; couples get divorced "all the time", though. It's not everyday, on the other hand, that a guy, or gal, pays U.S. $70 MILLION for a 61 year old car, FERRARI or otherwise.

CarMoola.com's very well educated guess would also be it's not everyday that a guy finds an 11 foot tall 26+ foot long stegosaurus skeleton at auction, nicknamed "Apex", dug up by an insightful paleontologist, and pays around U.S. $45 million to buy it; especially, when the auction house estimated the stegosaurus skeleton would go for just $4 million to $6 million. I mean it's not like a car; you can't stick a steering wheel in the neck of a stegosaurus skeleton, and 4 Michelin tires on its bony feet, or even 4 Pirelli tires, plus a spare tire on its tail, and drive it down, or up, Chicago's Lake Shore Drive, or something.

Officially, that's Jean Baptiste Pointe du Sable Lake Shore Drive, these days, after Chicago City Council stamped its approval on the name change. This writer, however, like many, may still be as much in the habit of calling that famous building, technically a skyscraper, in Chicago Sears Tower instead of Willis Tower as this writer is in the habit of calling Chicago's famous expressway Lake Shore Drive.

I think it's understandable that a person who knew the world's tallest building, for over twenty years, was a skyscraper named Sears Tower in Chicago Illinois still associates that name with the building. Located at 233 S Wacker Drive, formerly referred to as the Sears Tower, the building was the world's tallest for well over two decades. Reportedly, Morgan Stanley, Schiff Hardin, Seyfarth Shaw, United Airlines, and Willis Towers Watson are amongst entities that have housed operations in the building. According to reports, Willis Towers Watson has also been amongst entities with operations housed in London England's Willis Building and Ipswich England's Willis Tower. That's rather a lot of buildings all named Willis; perhaps, one less utterance, in Chicago, of Willis Tower, to accommodate this writer, can be understood.

In a circumstance similar to this writer's apparent inability to say Willis Tower instead of Sears Tower, when I see the name Paul McCartney The Beatles is probably first on "the tip of my tongue"; not Wings, not The Quarrymen, not Sound City Players, and not The Fireman. Further, although Sir Paul McCartney CH MBE has married more than once, Linda is probably first on "the tip of my tongue" as the wife of Paul McCartney.

It is the understanding of CarMoola.com that Sir Paul McCartney's car collection has included:

• 1955 Land Rover 86 Series, which attained notoriety as the first civilian four-wheel drive car put into mass production.

• 1962 Ford Consul Classic

• 1965 Austin Martin DB5

• 1966 Austin Healey 3000

• 1966 Aston Martin DB6

• 1967 Lamborghini 400GT (2+2), an exceptionally beautiful car of which only a bit more than 200 units were produced; it is the second 400 GT. This writer would prefer an aluminum body vs. the steel body of the (2+2), though. A bit more than twenty of the first 400 GT were produced; about three of those with aluminum bodywork.

Paul McCartney's fellow countryman, brit, Mick Jagger's car collection, reportedly, has also included a 1966 Aston Martin DB6. The Rolling Stones frontman's car collection is also said to have included a 1964 Ford Galaxie 500 XL convertible.

A convertible was probably great, back then, in the 1960's and 70's, for Bianca Jagger and her husband. Back then, or these days, I'd rather go with the hardtop instead of the convertible. These days, I'd expect Sir Michael Philip Jagger keeps his "drop top" up when motoring, both, highways and byways, alike.

Michelin and Pirelli, incidentally, are two particular car tire manufacturers, reportedly, approved by Ferrari. We'll agree that makes sense. A Ferrari isn't just any car; therefore, CarMoola.com would say it sounds reasonable that its manufacturer doesn't put just any tires on a Ferrari and throw it out onto the road.

It's been alleged that the stegosaurus is even older than the 1963 Ferrari 250 GTO; 150 million years, or so, older. Was that stegosaurus taken "with a grain of salt", or two, from the ground? It's been reported that the Abu Dhabi government previously purchased a Tyrannosaurus rex nicknamed "Stan", for nearly $32 million, and moved it to that country.

"Stan", according to reports, was discovered in South Dakota, by a paleontologist, somewhere back in the 1990's, or so. At the time of its sale to the government of Abu Dhabi "Stan" was said to be the most expensive dinosaur fossil ever sold.

If reports of Mr. Griffin's penchant for Ferrari are true, perhaps he'll make an offer to buy the $70 million Ferrari 250 GTO from the Chicago area CEO in whose "garage" it now sits, perhaps, waiting for the next track day. After that, it may not be much longer before a very old Ferrari 250 GTO sells for around U.S. $120 million; after all, Ferrari cars are virtually as AMERICAN as apple pie.

CarMoola.com is of the opinion that the very old Ferrari 250 GTO commands such a high price, because, as far as the market is concerned, Ferrari manufactured so very few of them. Reportedly, somewhere less than 40 Ferrari 250 GTO cars is all that were ever manufactured. I actually prefer the 250 GTO Series II bodywork, however, and only a few of those were built.

Without a doubt, this writer would certainly prefer a 1960 something Ferrari 250 GTO in the garage over, say, a 2003 Ferrari Enzo. And when it comes to the center mounted metal shift gate of the 250 GTO vs the steering column mounted paddle shift of the Enzo it's not even a contest; for me, the 250 GTO's shift "lever", aka "stick shift", is the hands down winner. Then again, a 2003 Ferrari Enzo with paddle shift and LED lights to tell the driver when to "shift" is not really a manual transmission car anyway; certainly, not in spirit.

If, on the other hand, the choice was between, say, four different vintage vehicles, then, my preference would likely be quite different. In other words, if present value and projected future value of all four vintage vehicles were, more or less, the same, then, the '63 Ferrari 250 GTO wouldn't necessarily be my choice.

The Ferrari 250 GTO, the Ferrari Enzo, and even a vintage luxury car, would, for me, lose to a four wheel drive, a "station wagon", or even pickup truck of similar vintage.

If the beautiful 1967 Lamborghini 400GT (2+2) were one choice, however, then, I'm not so sure; that 1967 Lamborghini, in my eyes, is simply gorgeous.

This writer might not park a $70 million vintage car in an ordinary garage, though. I certainly would have great difficulty convincing myself to leave a '67 Lamborghini 400GT (2+2) in an ordinary garage.

Afterall, in VEGA$ Dan Tana parked his 1957 Thunderbird in his living room, right? Perhaps that sounds much better ("cooler") than it is in the real world. If Dan Tana had a wife, then, installing a garage door that opens into their living room so he can park his car in their living room, probably, wouldn't have been that easy.

My working theory is Ferrari had similar intentions with the Enzo as with the 1960s era 250 GTO. Namely, deliberately limit production of a particular car in an effort to strongly encourage, even induce, what might otherwise be unlikely, dramatic, perhaps even precipitous, increases, even jumps, in a car's price over time and over and above the initial premium price Ferrari could command for the car while it still sat shining on the showroom floor, owing to the aforementioned scarcity Ferrari stated, upfront, would be afforded the car.

Reportedly, only around 400 Ferrari Enzo's were ever manufactured, from about 2002 to 2004 model years; that's roughly 10 times more than the number of Ferrari 250 GTO's manufactured way back in the 1960's, or so, for the 1962 to 1964 model years, and, sure enough, these days one can expect to pay roughly as much as $4 million, or so, for a Ferrari Enzo.

Prospective buyers would do very well to remember an important point. A 1963 Ferrari 250 GTO is not like most cars. It was not made with carpeting, not made with a headliner; not even made with a speedometer. It was even made with cloth seats as opposed to luxurious materials to which luxury car buyers are often accustomed.

Therefore, in the early 1960's, a time when an average brand new car, complete with comforts, a speedometer, and so forth, would cost a U.S. consumer less than $3,000, you would have paid U.S. $18,000 for a brand new '63 Ferrari 250 GTO. In 2018 you would have paid about U.S. $70 million for that, then, very well used, 55 year old 1963 Ferrari 250 GTO. Got it?

There's another "Ken" Griffin that became somewhat synonymous with Chicago, Illinois. Kenneth W. "Ken" Griffin was an accomplished organist who, it's probably safe to say, never owned one of the sporty vehicles built by the eponymous car manufacturer that bares Italian Enzo Ferrari's surname. "Ken" W. Griffin's music could be heard, for one, at the now defunct Kiddieland Amusement Park; Kiddieland sat near the corner of North Avenue and First Avenue in Melrose Park, Illlinois, barely a 20 minute car ride from Chicago, Illinois.

CarMoola.com does not doubt there are many Chicago area folks who can remember their parents loading everyone into the family car and driving them to Kiddieland when they were children and, many years later, as adults, driving their own children to Kiddieland. Kiddieland amusement Park was kind of a Chicago area institution and rite of passage.

Thus, although "Ken" Griffin, the organist, wasn't a billionaire, the whole experience of climbing into the family car and driving over for a day at Kiddieland Amusement Park is probably "worth a billion bucks" of fond memories to many Chicagoans.

Chicago's Kenneth W. Griffin, therefore, is not to be confused with Kenneth C. Griffin.

Cars Are Expensive

It's 2025 now. That doesn't matter in the lives of many, where car prices are concerned, though; cars are still expensive.

CarMoola.com tells car buyers the same thing they've always told car buyers. Just as in early 2022, three years ago, in 2023, two years ago, and last year, in 2024, if you want to buy a car moola is still what you need; lots of it, according to CarMoola.com. Automobile prices, new or used, and associated costs, affecting virtually everything in the supply chain, semiconductor chips included, have increased, precipitously, in recent years. Car prices have been driven to historic highs by recent, unprecedented, events, including those that continue to exert long-lasting affects on the supply chain.

CarMoola.com isn't the first to say cars are expensive. Back in 2022, an American broadcast television network's news division reported automakers had cut in half the vehicle purchase related incentives they had traditionally offered. Traditional refers to something that is long established; something that has been done for a long time. Cutting in half long standing incentives, therefore, certainly seems significant and unprecedented.

It is not uncommon for new car buyers to view incentives as discounts on the MSRP, which is the vehicle's manufacturer suggested retail price. As such, frequently, there can be a perception, in the mind of consumers, that they got a great deal when a large incentive has been applied to their automobile purchase, according to CarMoola.com. New car prices, at the aforementioned time, according to a popular vehicle valuation and automotive research company, were already more than U.S. $10,000 higher than what new car buyers typically paid just two years prior. So, at a time when vehicle prices were already at unprecedented highs, and had accelerated to those price points at a fairly astonishing rate, automakers cut incentives, or "discounts" offered, in half. That certainly should, according to CarMoola.com, signal a lot to the average car buying consumer, and virtually none of those signals are good.

For many, a vehicle is one of the top most expensive purchases they will make in 2024. If that includes you, don't just trust it to happenstance and don't go racing, blindly, all over the Internet; if you want to buy a car moola is what you need.

If another vehicle is what you want, used or new, get it, but make a concerted and informed effort to get the best deal. That may be easier said than done, because numerous, complex, unprecedented, forces, mentioned previously, albeit, not comprehensively, currently affect auto prices. Predominantly, those forces have been proceeding in lockstep with events that began over two years ago, but the Russia Ukraine War is an ongoing recent development that has significantly exacerbated the situation, in many ways, both, simple and complex; a significant percentage of consumers that drive cars require gasoline to power those cars, and gasoline requires oil. And the spectre of oil prices, with their perceived affect on that same significant percentage of consumers who drive cars, continues unabated and ever present.

Russia Ukraine War Trapezna Kyiv Pechersk Lavra

The fact is, as a virtually unavoidable consequence of "approaching" an automobile dealership with the intent of initiating, or continuing, your search for a vehicle to buy, or lease, you will almost certainly encounter a salesperson whose objective, in terms of price, will be entirely at odds with your own. That, in itself, should not come as a surprise to the car buying public; i.e., it's not really a new development. Perhaps more importantly, it's a lot more than just naive to believe a primary objective of dealerships, new or used, has ever been anything other than to get consumers to pay nothing less than exactly the prices they want them to pay for cars, in spite of expectations, or seemingly official statements, to the contrary. After all, the car dealership and its employees have no fiduciary duty to car buying consumers. In fact, according to CarMoola.com, whether in 2022, 2023, or now, in 2024, automobile dealerships may not necessarily be motivated to sell an automobile to you, at all, if that means negotiating toward your preferred price point; and that circumstance, itself, has resulted, among other things, from a kind of amalgamation of the perceived affects of the aforementioned forces.

To make matters worse, indicators demonstrate wages in the U.S. are rising slower than the inflation rate. It's been reported that the cost of living, relatively recently, has accelerated at a pace faster than what has been observed in over three decades. It seems as if the cost of everything is skyrocketing, including the cost of groceries, and, clearly, the cost of petrol (gasoline), which really affects a majority percentage of working class households with critical reliance on exclusive use of their own vehicular transportation. Indeed, it has been reported at various times in recent years that over 60% of the U.S. population lives paycheck to paycheck; , the root factors affecting this circumstance don't seem to have improved. According to CarMoola.com, this circumstance would also appear to increase the likelihood that consumers, at a time when they certainly would not seem to be in a position to afford additional expense, might need to consider financing purchases of new cars; new cars that are over $10,000 more expensive than just two years ago.

Car Finance

Due to the aforementioned, and other, factors if yours is a typical household in need of a new vehicle, you may need to resort to car finance, whether that be:

• traditional finance

• loans from relatives

• crowdfunding

• fintech (financial technology)

With traditional finance and fintech, it's possible you may be approved for a car loan, but the amount may be significantly lower than you want, a circumstance which would require you to use a higher percentage of cash (your own money). In that case, it may be best, or, perhaps, more prudent, to apply that loan amount to a less expensive car. Practically speaking, however, according to market assessments by CarMoola.com, back in 2022, as vehicle prices continue to trend sharply higher, due to automobile shortages, semiconductor chip shortages, automobile parts shortages, supply chain delivery problems, as well as other factors, it may not be possible for you to find a less expensive option.

If that is the circumstance in which you find yourself you may need to increase the amount of cash you contribute to the purchase. Particularly, if you don't have much time to complete the purchase, the vehicle you want may be sold to someone else, for example, and new vehicles are scarce, because of the aforementioned world event related factors, that may cause you to look to other sources, according to CarMoola.com, such as, loans from relatives or crowdfunding, in an attempt to raise the necessary amount of cash.

Regardless, it's likely in your best interests, according to CarMoola.com, to do everything possible to drive a hard bargain in an effort to reduce what you borrow to buy a car to a minimum, even when that might mean walking away from dealers you feel are not negotiating in good faith. Where automobile finance is concerned it is important to be cautious and it is important to expect, and, perhaps, only accept, an offer that is in your own best interests as a consumer. Who wants to buy a car they later realize they can't afford, thereby putting themselves and their family at risk of repossession.

The bank's, or the finance company's, initial offer is likely to hold maximum benefit for them. Even when a prospective car buyer rejects the terms of that initial offer, the bank, or the finance company, will virtually always still derive substantial financial benefit, just for facilitating the loan process. It is incumbent upon you, as the consumer, to draw the line with regard to how much of that money, how much of that financial benefit, comes at your expense.

Down Payment And Trade-In Considerations

According to CarMoola.com, when you want to purchase another automobile, your old clunker can be more help than you might, at first, think. If you have a broken down, or otherwise unwanted, vehicle, then, trying to sell it outright first is, very likely, an excellent idea, vs. using it as a trade-in. Considering the current economic climate, you may get far more money for it by selling it, outright. Selling your unwanted vehicle outright may certainly be more work for you, but, says CarMoola.com, it can also result in a lot more money in your own pocket vs. money going into a dealership's pocket.

Get cash for your junk car and apply that towards the purchase of another one. That's not necessarily news, but it, more or less, qualifies as a big deal, because so many people forget that simple fact. Instead of applying due diligence, they get so excited and emotional that they fall in love with a new car they have not even purchased, yet. Because they've got their heart set on the aforementioned one automobile, they end up ignoring all the others, including much better deals. It is also not uncommon for them to end up accepting an extremely low offer from a dealership for their trade-in, something which is certainly not in their own best interests, according to CarMoola.com.

Undoubtedly, because of the apparent scarcity resulting from current world events, many people might strain themselves, financially, in an effort to pay whatever down payment a dealership asks; moreover, they may take far too little for their trade-in. CarMoola.com views trade-ins that have no loans or liens, more or less, as cash. Therefore, when automobile dealers pay extraordinarily low amounts for such trade-ins, essentially, according to CarMoola.com, that is money taken directly out of the pocket of the buyer for which the buyer receives virtually nothing of value.

A consumer, in early 2022, claimed a dealer offered him less than 8% of the amount for which the car could be bought, as payment for his trade-in; apparently, upset at what he felt was an extremely low offer, he walked away. Again, potential car buyers, according to CarMoola.com, should keep in mind, however, that a car dealer's initial offer, the offer with which the dealer opens negotiations, including trade-in offers, is certainly likely to be heavily weighted in their own favor; irrespective of whether that circumstance is right or wrong, it's not necessarily new.

Is the aforementioned claim of less than 8% of the true value of a vehicle being offered by a particular dealer a new trend, and is it an increasingly widespread trend? Perhaps that is hard to say at this juncture. After all, it is still early on in this unprecedented, "new", economic climate, which has certainly appeared to be a catalyst for very peculiar price trends, and not just in the new and used vehicle markets.

Perhaps, the aforementioned is not surprising; it has been reported that demand for vehicles, this year, has been significantly greater than apparent supply. One particular automaker intimated their car lots, in the United States, had less than 7% of the vehicles parked on them, when 2022 started, than they had one year before. Indeed, it's also been reported that car dealers, collectively, brought a recent year to a close with roughly 70% fewer vehicles in stock than two years prior. On the face of it, at least, that might seem astonishing to the average consumer.

As CarMoola.com puts it, "Cars are expensive. When you buy a car moola is what you need." That is certainly true; perhaps, more now than ever. However, is it not the job of an automobile salesperson to sell cars at the greatest profit, and to buy cars, from people like you, for the lowest amounts, possible? Is that not an obvious condition of their employment?

It may be safe to say that anyone offered, for example, less than U.S. $400, by a dealership, when they know the car they want to sell, or trade-in, commonly sells for U.S. $5,000, might be more than just a little upset. In fact, says CarMoola.com, if a person gets such a lopsided trade-in offer at a dealership, perhaps, the question that should be asked is not why the dealership made such an offer; instead, maybe, the better question is why would that person agree to such an offer? That would seem to be virtually giving their car away.

Ultimately, potential new car buyers might do well to keep in mind, however, auto prices aren't the only prices hovering at, or near, record highs and still increasing, though. Food prices, and, virtually, anything else essential to the daily life of a family, are also skyrocketing. Remember, therefore, if you pay a high price for a new auto, and, virtually, give your old one away as trade-in, you, and, importantly, your family, will have to live with your actions; and that, according to CarMoola.com, may not be so easy to do if you spend more than you should on a new vehicle.

Courtesy of CarMoola.com

Automobile Dealership Offers

CarMoola.com previously expressed the notion that consumers should be cautious with automobile dealership trade-in, or purchase, offers.

We can relate the story of a pensioner who, seemingly out of the blue, received an offer letter for the automobile her great grandfather had owned. She had kept it, meticulously, for decades, in her large garage.

The dealership did not even include a specific amount of money, in the letter, for which they supposedly wanted to buy; CarMoola.com considers that a red flag. Fortunately, the pensioner's granddaughter was concerned, especially, considering the fact the auto was not even for sale at the time.

The vehicle was in virtually mint condition, and had been kept in the pensioner's large, climate controlled, garage for decades. Her garage was even carefully controlled for optimum humidity.

Amazingly, although she hadn't driven it as often, after the loss of her husband, she still kept it road ready and kept its registration up to date with the department of motor vehicles.

It did not take a lot of research to see how extraordinarily rare, valuable, and, apparently, highly sought by investors, museums, and collectors, alike, was the old vehicle she kept in her garage. When the dealership, eventually, was contacted, after they had sent more letters, it was clear they were only interested if they could push the pensioner into selling to them at a tiny fraction of the true value of the car.

The dealership's offer was, in fact, extremely disrespectful, and it seems they must have been, very much, aware of that fact. On average, the pensioner, who, initially, was confused as to how the dealership even knew what she had in her garage, probably, paid more to maintain climate control in the garage where the vehicle was kept, in just one year, than the dealership was offering. The dealership's offer was so blatantly disrespectful that, eventually, after requesting the dealership make a legitimate offer, the pensioner's granddaughter politely asked them to stop sending letters to her grandmother, which really did nothing more than waste her grandmother's time.

Apparently, an eagle-eyed dealership employee was visiting someone at a neighbor's house on a day when the pensioner was gardening and, therefore, had her garage door open most of the day. The independent minded pensioner was struggling to change a wheel and move the automobile from one side to the other of her large garage; the neighbor's visitor eagerly volunteered to help. That is how the dealership became aware of it.

CarMoola.com is not surprised.

It is possible for businesses to lose out on exceptional opportunities when they make offers to buy asset(s), according to CarMoola.com, that amount to a pittance.

• Ford Motor Company, the American multinational automaker headquartered in Dearborn, Michigan, USA, incorporated in the early 1900s by its eponymous American founder, the storied Mr. Henry Ford, thru 2022, has likely paid, cumulatively, over U.S. $50 million, largely, to "temporarily" put signs with their name on them on a Detroit Michigan stadium building they do not even own.

• Honda reportedly paid $60 million dollars for 15 year naming rights associated with a stadium in Anaheim, California. More recently, possibly early 2020, Honda paid more money to buy those naming rights for an additional decade.

• Kia, the automaker, by themselves, reportedly, have paid tens of millions of U.S. dollars for naming rights in more than one U.S. state

• Lucas Oil, the automotive lubricant manufacturer, paid over $120 million to do so in yet another U.S. state.

• Mercedes-Benz, the automaker, paid over $52 million to do the same thing in another U.S. state.

• Roger Dean Chevrolet, in Florida, has successfully completed similar agreements, including in the Jupiter, Florida area. Mr. Roger Dean, an American, served during the second world war and opened a Chevrolet dealership after previously finding success selling cars for Ford Motor Company.

• Scotiabank set a record by reportedly paying $800 million for arena (stadium) naming rights in a deal with Maple Leaf Sports & Entertainment Limited. Fintech may or may not be a current focus of Scotiabank, but an enormous number of individuals and companies, historically, have turned to them for banking, wealth management, private and investment banking, and traditional finance, including automobile loans.

• Tata Motors parent organization, The Tata Group, of Tata Sons fame, recently won 2024 2028 title sponsorship rights for Indian Premier League (IPL) by paying over $301 million. The Tata Group was founded by Jamsetji Nusserwanji Tata (JNT). Tata Motors was previously known as Tata Engineering and Locomotive Company Ltd. (TELCO). Tata Motors subsidiaries include British Jaguar, Land Rover, and Tata Technologies, to name a few. Tata's chairman is Mr. Natarajan Chandrasekaran.

• Toyota, another automaker, was reported to have paid $100 million for the same purpose in Texas.

• World Wide Technology has reportedly signed a 2nd consecutive 5 year naming agreement with a 700 acre motorsports racing facility in Madison, Illinois. Thus, the St. Louis Missouri area racing facility will continue to be known as World Wide Technology Raceway. World Wide Technology, Inc. is a privately held technology services provider; with revenues of $20 billion, the organization refers to itself as a "global systems integrator ...". Mr. David L. Steward, Founder and Chairman of World Wide Technology, said, of the naming rights arrangement, "My family and the company see our commitment to the raceway as a way to serve the people of St. Louis and Southwestern Illinois with world-class motorsports ..."

When automakers such as Ford, Honda, Kia, Mercedes-Benz, Toyota, and even dealerships such as Roger Dean Chevrolet and technology services companies such as World Wide Technology, complete substantial purchases in the United States, such as the aforementioned, one thing seems clear. They have virtually unyielding confidence in the ability of their enterprises to make remarkable gains despite the considerable expenditure associated with the purchases. That speaks volumes, and the mere news of such purchases can be extraordinarily heartening to the markets.

CarMoola.com's position is that it would seem unlikely the automakers, or even Lucas Oil, quibbled where the aforementioned purchases were concerned. It's more likely they identified great value in establishing such an association between their names and the stadiums, despite the fact that the sums paid do not confer ownership of any real property associated with the stadiums. I.E., the automakers don't even own the stadiums; nonetheless, they still paid significant sums to put their names on them.

It is, however, not outside the realm of possibility the automobile manufacturers quietly maintained a sense of urgency, as in time is of the essence, to act fast to complete stadium naming rights related purchases, before someone else used their own wherewithal to make a deal with the stadiums.

It's unlikely the Tata Group, with it's record payment of just over $60 million per year for Indian Premier League (IPL) sponsorship rights, asked the IPL "how much you ... want", or if it was something they "... could discuss further", before winning sponsorship rights. Instead, it's likely they simply made an extraordinarily big offer in keeping with the exceptional magnitude of the opportunity before Tata Motors and Tata Group.

CarMoola.com feels it likely they might forgo response to anything not near
$735 million


By the 4th quarter of this year it's likely that figure will have increased 33%.

As pertains to the aforementioned pensioner's rare car, if the dealership had tendered a serious offer, even a record-breaking amount, if accepted, they might have garnered positive publicity of sufficient momentum to quickly drive their enterprise into the spotlight. The pensioner's granddaughter even suggested there was a slight chance they might consider LEASING the exquisitely rare, museum calibre, car to the dealership, to no avail. It certainly might seem fitting, therefore, that she ultimately requested the car dealership stop contacting her grandmother.

Everything has a price? Perhaps Everything does, says, CarMoola.com. Ultimately, cars, especially, rare, museum calibre, examples, such as the pensioner's, can have value that is something far more than merely exceptional and extraordinary. That's a fact which has certainly been demonstrated by auction prices, online or not.

In this age, where World Wide Web connected high technology is ubiquitous, there exist Internet Assets that are without peer, as in unrivaled and unequaled. An exceptionally remarkable domain name, for example, that, virtually everywhere, across cultures and globally, near instantaneously, evokes interest and attention. There are cars that evoke similar admiration, and, certainly, seem to have virtually limitless value. An authoritative list of such cars would undoubtably include:

• Mercedes-Benz 300 SLR Uhlenhaut Coupe, from 1955, sold for $143 million and referred to, by the manufacturer, as the most valuable car of all time.

• Ferrari 250 GTO, from 1963, sold for $70 million, reportedly, to the founder of an automotive accessory manufacturer headquartered near the U.S. city of Chicago, in the state of Illinois.

• Duesenberg SSJ, from 1935, formerly owned, according to reports, by Hollywood A-lister Gary Cooper, sold for $22 million at auction in the U.S. state of California

Contrast the prices paid by the aforementioned automakers for naming rights, on stadiums they do not even own, with the tiny, fractional, disrespectful, amount offered to the aforementioned pensioner, though. Contrast the prices paid for the aforementioned cars, at minimum, over half a century after date of manufacture, in the same way.

It is doubtful the automakers would dare have approached the stadiums with offers amounting to tiny fractions of the figures they ultimately paid. Similarly, any individual bidding on the aforementioned cars, at auction, would, with virtual certainty, have been excluded if they dared proffer a figure amounting to tiny fractions of the prices for which the cars ultimately sold; in fact, the reserve prices were probably sufficient, themselves, to rule that out.

Whether it's an automobile dealership or other type of enterprise, it's not uncommon for to buy that is for show instead of go, like a quarter mile drag racer with a gorgeous body and beautiful showroom paint job, but an engine that would be more at home in a moped or go-cart. Sometimes, they spend to develop a , then, an additional U.S. $200,000 per to it during a yearly U.S. football match. Tens of of dollars spent on what, at the end of the day, or at the end of a 30 segment, may amount to nothing more, and quite probably a lot less, than ephemera.

CarMoola.com maintains that opportunities with uniquely powerful potential to influence consumers, car buying, selling, and finance consumers, or otherwise, are in very short supply.

Barely a week goes by when we do not get unsolicited offers for some of our more important, rare, scarce, valuable, assets. Oddly, a significant percentage of the so called offers do not even give a dollar amount for which they claim they want to buy; that fact, alone, speaks volumes.

If you seriously want to buy something, whether you're an automobile dealership, or, even, a banking organization, especially, when you're attempting to make contact "out of the blue", why would you not include a U.S. dollar amount?

It doesn't matter if the car's a Jaguar, Ford, Cadillac, Chevrolet, Kia, Volkswagen, Porsche, or another brand. If you want to buy a brand new car from a dealership, nearly the first thing of which they require confirmation is whether or not you qualify for financing, have financing, or can write a check that will cover the cost. If you want to attend an open house at certain high value real property that is for sale it is not uncommon for those showing the property to require confirmation, from your bank, perhaps, that you have funds, or financing, ready to actually complete the purchase at their asking price.

Think about it. If you own a classic motor vehicle of similar calibre to the aforementioned 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, an Internet asset, or real property you wouldn't part with for less than somewhat more than U.S. $700,000,000, what would you do? Would you pull to the side of the road and stop for virtually anyone that waves and says they want to buy your car, as you drive down a City of Chicago street, or as you drive through Pearse Street Garda, in Dublin, in your gorgeous 1955 Mercedes-Benz, even though you have not said the car is for sale? Would you open your door to virtually anyone without knowing if they actually have a bank account holding sufficient funds to pay your asking price? Would you spend your valuable time and resources divulging your sensitive information to virtually anyone that knocks? Would you let virtually anyone that knocks on your door into your home or business, near your family, friends, colleagues?

If an entity makes an offer, whether for a classic motor vehicle, real property, aircraft, Internet related assets, or virtually anything else, we'd like to be made aware, at the outset, who, specifically, is that entity and we'd like complete contact information for that entity. If the U.S. dollar amount for their offer is not provided, or that which is provided is insufficient, then, a reply is not likely to be forthcoming; it doesn't matter if the offer is for a car or an Internet asset.

Carmoola.com is not a financial institution. Regardless of with whom you bank, if there are insufficient funds in your bank account, whether to cover your car payment or virtually anything else, then, you've probably come to expect a notice. If your offer to us is insufficient, though, it's not likely to be acknowledged in any manner, at all.

Walk-in at virtually any car dealer in the United States to haggle over the price of a used or new car sitting on their lot and they'll want to know the U.S. dollar amount of your offer. A U.S. dollar amount is, essentially, the basis of a particular entity's offer; if that entity omits it from their initial contact with us, or provides a derisory one, then, there's no basis to consider potential response.

Speed Limit

CarMoola.com's position is that "A blindingly fast automobile buying process can leave the average buyer blind to pitfalls that must be seen clearly to be avoided. That which is fundamental to the car buying process is not particularly simple, regardless of fast talk about one hour financing or using a fintech app. Don't let an auto salesperson fast talk you into believing it is, or pressure you into using the latest smartphone app to buy a car, in lieu of real, comprehensive, documentation. Particularly, if your pockets aren't deep enough to shield you from the myriad problems into which you may bump when you do not find, read, and fully understand, the fine print; all of the fine print. Proceed with the buying process at a 'speed limit' that is appropriate for you, personally; don't be rushed by salespeople, an app, or anything else."

You're smart and you've been through the vehicle buying process plenty of times, before, you say? You can go through it faster than Lewis Carl Davidson Larbalestier Hamilton in a Formula One racer, you say? People who have driven plenty of times, before, speed into rush hour traffic and crash, everyday, in big cities all over the United States. A significant percentage of them might not even hesitate to tell you they are expert drivers; in fact, they may hold commercial or "professional" driving licenses. Does that really matter?

Pilots are highly trained. Nonetheless, it is not uncommon for crashes in which they are involved to be attributed, after careful investigation by the National Transportation Safety Board (NTSB), to pilot error.

The fact is, one accident, particularly, depending on severity, has potential to change the trajectory of your entire life, drive your insurance rates up, and permanently change the lives of other involved parties. Failing to find, read, and understand all the fine print of a finance contract can also change your life, and the life of the family for which you work hard to provide. It can easily saddle you with a big bill and, perhaps, an auto purchase you regret.

"If a salesperson is urging you to use a fintech app, website, or anything else, with the claim that your automobile purchase will be completed in a matter of minutes, be cautious. The potential exists, according to CarMoola.com, that by using that process, app, website, or method, you will, by default, be agreeing to numerous pages of terms and conditions you have not read, or fully understood; you could be opting in and may not even be cognizant of that to which you are opting in. With so much at stake, why would you not ensure that you physically read, and obtain a copy of, each page of that to which you are being urged to agree, and, upon signing, would be contractually bound?"

CarMoola.com can be available virtually anywhere to which you can drive in Chicagoland, including Northwest Indiana and the Illinois Wisconsin border area, McHenry, DuPage County, Lake County, and, of course, the second largest county, by population, in the United States, Cook County. CarMoola.com is inspired by a vision of a process with potential to be one of the best ways to get cash for your junk car. Wherever you are, all over Chicagoland, today may be an excellent day to get started.

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As CarMoola.com has always said, "Cars are expensive. When you buy a car moola is what you need."