Quote:
Originally Posted by SBR
Agreed! Also, take one look at the crowds at MCACN. It seems like it gets bigger every year. If that starts to slip, I'll start to worry but I don't see that happening in the foreseeable future.
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I was just getting ready to post this. If muscle cars are dead, why are the crowds at MCACN the largest of all time. I GUARANTEE you it wasn't so they could see the eight Pinto based Mustang II "King Cobra" cars!!!!
I have advised MANY people over the years to NEVER buy a car as an investment. This applies to antiques, muscle cars, and ESPECIALLY any new car that the manufacturer indicates is a "future collectible". * See below. You buy the car you love. Enjoy it. If it goes up in value, all the better. But just enjoy it. I paid $900 for my 69 Z/28 in 1976. I have turned down $120K. Has it topped out? Am I "stupid" for not selling at the top of the market? Hell no; I am still enjoying it. It won't likely leave the family until I am gone, and even then it may not. I don't give a rat's ass what it is worth 20 year after I am dead. Will I have enjoyed it any less.
I am having a blast with my 57. If I ever go to sell it, won't likely recoup my investment, even if it is an original dual four car. I just don't care.
* As for a new car being the next collector item. I have posted this before; but remember when 1976 El Dorado Convertibles routinely sold for double sticker because it was the "last American Convertible"? Yeah, that's right. Think you could recoup your investment on that one correcting for inflation and adding in the cost of insuring and tagging it each year.
Just a year and a half ago, you had to pay most GM dealers $40 over sticker for a Z06. One just sold on BAT for $106k. It had 625 miles, and an original sticker of $137k plus. Hopefully the guy didn't pay over sticker.