In 1979 I had a friend selling a real first generation cobra, with the 260 ci and recirculating ball steering. (Most people don’t even realize that they came with 260 ci engines.) Number “hundred-something or other.” The car needed some work/restoration (crack in the passenger door for one thing).
He wanted $12.5K at the time and I had half of that. I tried to borrow the other half from my dad. I was 25 at the time and had a steady job with a big engineering firm.
He asked me “What will it cost to restore it?”
I told him “About another ~$12.5K.”
Then he asked “What will it be worth when done?”
And I told him “About $25 - $35K.”
He said it wasn’t a good investment and wouldn’t loan me the money.
Car is now worth well over a million dollars!