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#1
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I hear ya.Collector cars are not the best way to invest your money today.I'm in Canada and our economy is not that bad.It's not my last 30K and the girl friend is still working.LOL.I'm retired.I have to have something to play with and the investment part is my second thought for buying.I agree that 10-15K cars would be the best to buy for a quick resale.
The other side is,like someone mentioned,now is the time to buy as prices are low.If you wait for the economy to improve then prices are bound to go up. |
#2
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For the many enthusiasts who for long felt they could not afford their “dream car”, IMO, now IS the time to buy.
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Tom Clary |
#3
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Mark Johnson what a dead on reply IMO!
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#4
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sYc</div><div class="ubbcode-body">For the many enthusiasts who for long felt they could not afford their “dream car”, IMO, now IS the time to buy. </div></div>
I do agree with this statement. If you're truly buying with your heart and it's the EXACT car you've been wanting/lusting after since you were 16-18 years old . . . . . well then, there'll most likely NEVER be a better time than right now. Just like the Beach Boys "409" song, if you've saved your pennies and you saved your dimes . . . . then it's time to bust that piggy bank open! You can never go wrong following your heart and you won't feel "stuck" with something if it's the car you've ALWAYS wanted.
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1962 Biscayne O-21669 MKIV/M-22 1962 Bel Air Sport Coupe 409/1,000 |
#5
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Though the years most of us on here have bought "from the heart", which is what makes us enthusiasts, not investors.
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Tom Clary |
#6
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sYc</div><div class="ubbcode-body">Though the years most of us on here have bought "from the heart", which is what makes us enthusiasts, not investors. </div></div>
Exactly. I just spent almost 100 grand building my "dream car". It's a 34 ford, hemi powered. I've wanted to build this one for close to 40 years., every since I saw one as a kid in Jr. High school. I'll never get anywhere close to that number if I ever sell it. It isn't always about the money, now is it? Every car that I have built, I knew going it that I would not get back my "investment". So be it.
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Tony 55 Nomad Gasser 70 SS 427 Nova 34 Ford Sedan..Hemi powered Michigan/ Florida |
#7
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: TDW</div><div class="ubbcode-body">[quote=sYc]
Every car that I have built, I knew going into it that I would not get back my "investment". So be it. </div></div> This is also true with Woman LOL
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"NOSTALGIA It takes us to a place were we ache to go again" |
#8
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Excellent points by many. I would not look at these cars as investments anymore. Hopefully, prices will stabilize in the next year or so and we can hope to at least recoup the money we bought them for (excluding frame-off restos of course). It's much like it was before the boom. You could buy a nice car for $20K - $25K, drive it for a year or two and get your $25K back. People didn't expect to make a profit like we did during the mid 2000's. Personally, I'm hoping this prompts more people to get their cars out to the local cruise nights like they used to. I remember having my red '67 RS Z out with another '67 Z, an LS6 Chevelle and 2 COPOs in the same row! We just never see that anymore!
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Mark |
#9
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This is a very interesting topic. I could not disagree more with the statement of buying only mainstream cars. I have been finding with the exception of 69 camaros that the so called Dark horses have been selling easier than the popular ones. For instance Ive had more people trying to buy my 2+2 catalina than anything else I own. Second most popular is my 77 Trans am. All the 70's cars are selling higher than 60's cars except for the really rare one. I sold a can am for 30k!!! A 68 grand prix for 25k. And have been offered big money for my 427 impala and my catalina...Big Boats are In. Just my 2 cents.
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1970 GTO JUDGE RAM IV 23,000 miles 1969 GTO convert RAM AIR 4spd 1964 GTO convert survivor |
#10
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: GTO_DON</div><div class="ubbcode-body">All the 70's cars are selling higher than 60's cars except for the really rare one.</div></div>
This kind of confirms William's theory (from a different post on a similar topic) that as the generations age, different things (like cars) have different relative values because of what they liked when they were younger - which also supports the "buy what you like" advice. With that said, you could apply Mark Johnson's concept and go for a Grand National - I'm guessing you could buy a pretty mint one for under $20k and have a heck of a nice/fast car. Interesting discussion for sure. Jake |
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