...

Go Back   Lateral-g Forums > Lateral-G Open Discussions > The Muscle Car Place Weekly Podcast
User Name
Password



Reply
 
Thread Tools Display Modes
  #1  
Old 09-08-2023, 01:37 PM
scott_stap scott_stap is offline
Lateral-g Supporting Vendor
 
Join Date: Oct 2012
Posts: 362
Thanks: 0
Thanked 8 Times in 8 Posts
Default TMCP #552: Ask Rick – Is it Wise (or Possible) to Have Collector Cars as Your Retirement Investment?

https://themusclecarplace.com/podcas...nt-investment/

It is September and football is back!!! It is also time for another riveting Ask Rick segment were I ask him the tough questions that not everyone wants to hear. As always Rick delivers sage advice and wisdom founded in years of buying and selling classic vehicles. When it comes to cars as investment, possibly a with a great ROI, Rick has strong opinions and advice here. Can it be done? Short answer; yes! Should it be done? Long answer……maybe.

As with all things, it depends what you understand and where you can make your gain on the purchase of the car initially. For Rick and his dad, their collection has immense value today of course, but every car in inventory was chosen for it’s specialness to the Schmidt’s not as a hedge on a great investment. They chose high quality low mile original cars and didn’t just stick to muscle cars. Their collection has many examples of unique rare American cars that have less than 1000 miles (think Rivieras, Eldorado’s, and Lincoln’s).. Some have interiors with the delivery plastic still in place! Others are beautifully restored treasures. Today, it’s paid off. Technically, it could payoff if they ever chose to sell….which they almost never do!

Reply With Quote
The Following User Says Thank You to scott_stap For This Useful Post:
camcojb (09-08-2023)
Reply

Tags
ask rick, classic, investment, mustang

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:40 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright Lateral-g.net