| clill |
07-28-2011 09:56 PM |
"But seriously.. cars ARE NOT INVESTMENTS.. they are hobbies and people need to realize that it's rare to get the money back out."
Unless you are talking stock musclecars. I have found them to be great investments. If I had only held on to all of them. A example is my old 69 L78 Camaro convert. I bought it for 15K, did a semi resto as in pulled the subframe and redid it. Drove it for years, sold it for I think 35K. Trying to do a trade to get it back but now the price is 250K..Tell me they aren't investments.
I do agree that our pro-touring cars for the most part are not good investments...but then...I think I paid around 45K when I bought the Red Witch, enjoyed it for close to 10 years, spent a bunch redoing it and then sold it for 115K. If I had not redone the car I know I would have made good money on that car. The Red Witch was not a trendy-latest gimmick car though. It still looked like a Camaro and a nice Camaro will never look out of style. It is the cars that had a ton spent on the latest fad that gets hurt the most. Not only did it cost a ton to do the latest trend, it will be out of style and those very trendy pieces will go in the deduct column when it comes time to value the car.
The Mule is probably another example of not going overboard with the latest trend. About the only billet on it is the taillights my son made for Marquez. I put them on to help my son but I know Stielow cringed. It is almost 10 years old and is probably one of the easiest cars I can sell as I still get asked about selling it. I can probably get my money out of it and I spent a bunch doing the twin turbo setup.
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