$ Investing in Classic Cars $
#1
$ Investing in Classic Cars $
Investing in Classic Car's
from
MSN Money $
Money video: Business, financial & investing news video - MSN Money
Click above link to view short `vid
from
MSN Money $
Money video: Business, financial & investing news video - MSN Money
Click above link to view short `vid
CNBC
Date 21 hrs ago 2:18
===========================
Member's, what car(s) would you invest your $ Money $
in with expectations to earn $'s on your investment ?
Please post share...Thanks
Has any member made $'s from their auto investments ?
Date 21 hrs ago 2:18
===========================
Member's, what car(s) would you invest your $ Money $
in with expectations to earn $'s on your investment ?
Please post share...Thanks
Has any member made $'s from their auto investments ?
I have with both of my Monte Carlo's.
I kept them in street/show condition & sold both for way more
then I invested into them.
Good Luck & we look forward to your posts/comments
and what rides you think are a good investments for your $'s.
I kept them in street/show condition & sold both for way more
then I invested into them.
Good Luck & we look forward to your posts/comments
and what rides you think are a good investments for your $'s.
Last edited by Space; 10-17-2012 at 07:48 AM.
#2
#3
For Member's interesting in investing in classic's, below are are few links to explore;
- Classic Cars Can Be Investments, or Money Pits - NYTimes.com
<CITE style="FONT-STYLE: normal; COLOR: rgb(0,153,51)">www.nytimes.com/.../classic-cars-can-be-investments-or-money-pits....</CITE>
Jun 8, 2012 – Investors looking to automobiles as a moneymaking play had first better love cars<WBR>. Rare vehicles will hold or increase their value, but many ...
Classic cars – a viable alternative investment? - Telegraph
<CITE style="FONT-STYLE: normal; COLOR: rgb(0,153,51)">Telegraph.co.uk - Telegraph online, Daily Telegraph, Sunday Telegraph - Telegraph › Finance › Personal Finance › Investing</CITE>
Feb 4, 2012 – Last year classic car prices not only beat returns on equities, but managed to outperform gold as well. Figures from the Historic Automobile ...
Last edited by Space; 10-17-2012 at 07:54 AM.
#4
Eventhough I only have 900 miles on my 02 Dale Earnhardt MC I don't think I will make any money off it. Not really a classic yet anyway.
I am looking at 67 - 69 Camaro's and a some vettes. Prices have dropped on Classic's and you can now get them at a decent price. Question is will the price go back up to where they were. Only Space knows for sure...
I am looking at 67 - 69 Camaro's and a some vettes. Prices have dropped on Classic's and you can now get them at a decent price. Question is will the price go back up to where they were. Only Space knows for sure...
#6
Hi `Joe,
I really don't know, but I do know that life & investing is a gamble in our unstable economy today...
I know that there are costs to invest in classics; storage/upkeep/maintenance/insurance plus
But a classic is tangible & something that you can touch & enjoy...I believe that you have to really love the ride/vehicle that you would consider investing in 4-Sure...
The ones that are making $'s on auto investments have really done their homework before they commit. I wish I had the extra dollars to invest...If I did, I think I would invest in rides like the Corvette's I posted above...
I think your Monte is a Classic & believe it will increase in value...There's a buyer for every ride out there, but the special ones are the ones that demand a high price...
I've lost faith in the stock market...I've seen how much my grandfather & my senior citizen friends have lost It's really a very sad story on how many have lost their security in life.
Yes, I believe it pays to really take the time to research & do your homework in whatever you invest in & expect a decent return on your investments...
Good Luck on your search for the right ride 4-Sure
I really don't know, but I do know that life & investing is a gamble in our unstable economy today...
I know that there are costs to invest in classics; storage/upkeep/maintenance/insurance plus
But a classic is tangible & something that you can touch & enjoy...I believe that you have to really love the ride/vehicle that you would consider investing in 4-Sure...
The ones that are making $'s on auto investments have really done their homework before they commit. I wish I had the extra dollars to invest...If I did, I think I would invest in rides like the Corvette's I posted above...
I think your Monte is a Classic & believe it will increase in value...There's a buyer for every ride out there, but the special ones are the ones that demand a high price...
I've lost faith in the stock market...I've seen how much my grandfather & my senior citizen friends have lost It's really a very sad story on how many have lost their security in life.
Yes, I believe it pays to really take the time to research & do your homework in whatever you invest in & expect a decent return on your investments...
Good Luck on your search for the right ride 4-Sure
#7
I think popular Muscle Cars are a great investment & their prices are
always increasing...(They don't make`them anymore) & the ones that wanted them in their youth & could not afford, are now in the position to buy a dream they once had....I think it keeps that market growing...
#8
Those are nice vettes you posted Space but a litte more than I can pay.
I have found some decent Camaro's and Vette's in the 16k to 20k range. Some are not numbers matching for that price.
I have found some decent Camaro's and Vette's in the 16k to 20k range. Some are not numbers matching for that price.
Last edited by DE02Carlo; 10-17-2012 at 09:05 AM.
#9
Number's matching is important to those that let their rides sit & never driven (Look what I have & you don't) They just enjoy talking about what they have, but never get out & enjoy their ride or their life
Update engines in classic's I still believe will increase to the buyer/enthusiat that wants to get out & enjoy their investment, but still maintain it in top condition.
I am only forming this opinion from my massive searches on
various vehicles of interest over the years on the Web & talking with other auto enthusiats.
A new car depreciates over 30% in the first year, but there are few classic's that will I know, apples' 2 oranges LOL
Good Luck in your search for the right one 4 U
I know that if I had a classic ? I would drive it and not save it for someone else...I would enjoy it...Life is 2 short 4-Sure...Just like your DE Monte, I would keep it nice, but I would not worry about the miles...I would enjoy my investment & take a small amount less `if I wanted to sell & get something else...p.s. I think it's important for any owner to keep excellent service/repair records on any vehicle owned..., especially a classic or limited models !!!
Update engines in classic's I still believe will increase to the buyer/enthusiat that wants to get out & enjoy their investment, but still maintain it in top condition.
I am only forming this opinion from my massive searches on
various vehicles of interest over the years on the Web & talking with other auto enthusiats.
A new car depreciates over 30% in the first year, but there are few classic's that will I know, apples' 2 oranges LOL
Good Luck in your search for the right one 4 U
I know that if I had a classic ? I would drive it and not save it for someone else...I would enjoy it...Life is 2 short 4-Sure...Just like your DE Monte, I would keep it nice, but I would not worry about the miles...I would enjoy my investment & take a small amount less `if I wanted to sell & get something else...p.s. I think it's important for any owner to keep excellent service/repair records on any vehicle owned..., especially a classic or limited models !!!
Last edited by Space; 10-17-2012 at 09:10 AM.
#10
Yes `Mike 4-Sure they are
I think popular Muscle Cars are a great investment & their prices are
always increasing...(They don't make`them anymore) & the ones that wanted them in their youth & could not afford, are now in the position to buy a dream they once had....I think it keeps that market growing...
I think popular Muscle Cars are a great investment & their prices are
always increasing...(They don't make`them anymore) & the ones that wanted them in their youth & could not afford, are now in the position to buy a dream they once had....I think it keeps that market growing...