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Joined: Aug 2004
Posts: 2,659
Hard-core CEG\'er
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OP
Hard-core CEG\'er
Joined: Aug 2004
Posts: 2,659 |
I need your guys/gals help. I was looking to get a "Project/collectors" car. I know the cars I am looking at are way opposites but I really like them and I can only afford one. The 3 cars I was looking at was a 1957 Bel Air, 1959 Bel Air or a 03/04 Cobra SVT. I can get a 03/04 Vert Cobra for around $26K and I could get a 57 bel air for about the same price. Or I could get a 1959 bel air for around $12K. What I would do is put down $3k or $4K and finance the rest. If you guys/gals were in my position what car would you go with. Which car do you think is a better buy?
Or should I save my $$$ and buy another investment property?
"Do what you like, Because you have to drive it!"-Me
99 Contour LX
95 Mustang GT Convertible
97 Z24 Cavalier
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Joined: Jul 2001
Posts: 3,037
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jul 2001
Posts: 3,037 |
Originally posted by jtour:
save my $$$ and buy another investment property
"Think of it, if you like, as a librarian with a G-string under the tweed." Clarkson on the Mondeo.
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Joined: Dec 2005
Posts: 252
CEG\'er
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CEG\'er
Joined: Dec 2005
Posts: 252 |
Originally posted by Jeb Hoge:
Originally posted by jtour:
save my $$$ and buy another investment property
X2
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Joined: May 2004
Posts: 3,637
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: May 2004
Posts: 3,637 |
Originally posted by icysvt:
Originally posted by Jeb Hoge:
Originally posted by jtour:
save my $$$ and buy another investment property
X2
+100000, cars will only deteriorate in value right now, buy some preoperty, wait 4 years and sell it for a decent profit.
99 TRed Contour SVT # 1853 out of 2760
230.2 WHP @ 6500
237.0 WTR @ 2250
Originally posted by MxRacer:
Originally posted by RawBurt:
I'll be keeping it to myself, until the time comes. It'll be hard to find. 
much like your weiner.
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Joined: Jun 2000
Posts: 5,854
Hard-core CEG'er
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Hard-core CEG'er
Joined: Jun 2000
Posts: 5,854 |
where can you finance a bel air??
1999 Silver Frost SVT
#609 of 2760
Quaife, lightened SVT Flywheel, SPEC stage II clutch, removed resonator, k&n drop in - various other goodies too.
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Joined: Aug 2004
Posts: 5,882
Addicted CEG\'er
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Addicted CEG\'er
Joined: Aug 2004
Posts: 5,882 |
Originally posted by TGO:
where can you finance a bel air??
thats what i was thinking.... 
you cant go wrong with a 57 chevy. they are only appreciating in value. its only one of the most desirable american cars of all time. hopefully this is just for weekends as it does not make a great daily driver. not so great gas mileage PLUS the fact that you have to worry about it being stolen everywhere you take it.
the terminator cobras hold their value well (compared to other regular contemporary cars) but is a gas hog as well. i DO love driving mine though 
im not familiar with the 59 bel air but it doesnt sound tooo hot, but sounds like a more affordable project though..
Originally posted by Tourgasm:
Sometimes you can mess up a word so bad that spell check doens't know what the hell you're talking about.
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Joined: Feb 2003
Posts: 4,220
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Feb 2003
Posts: 4,220 |
Originally posted by TGO:
where can you finance a bel air??
The same place that you finance a used Contour. As long as the value of the asset is within a certain percentage of the desired loan, the bank will finance for you.
And, if for whatever reason that fails, you can finance it via a personal loan.
2003 Mazda6s 3.0L MTX
Webpage
2004 Mazda3s 2.3L ATX
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Joined: Aug 2001
Posts: 5,810
Hard-core CEG'er
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Hard-core CEG'er
Joined: Aug 2001
Posts: 5,810 |
Property is always good, but remember that it is not really an investment unless it can sustain itself or pay for itself.
Take a rental house, it is called an "investment" but really its a sink for money due to repairs, mortgage, taxes, and other fees.
As long as the rent coming in covers those expenses, then it is an investment.
Property by itself is a drain on your money due to property tax unless it is farmed or utilized in some way. Of course if you bought a piece of beach front land and just paid the tax for years until the area around it built up...then sold it...then it would be a gain and considered an investment.
So if you got the money for property, I'd do that but not at the expense of having a fun hobby too.
$10K for a completely built up car can be an enjoyment and cheaper than a new car.
Former owner of '99 CSVT - Silver #222/2760
356/334 wHP/TQ at 10psi on pump gas!
See My Mods
'05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red
'06 Mazda5 Touring, 5spd,MTX, Black
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Joined: Feb 2006
Posts: 512
Veteran CEG\'er
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Veteran CEG\'er
Joined: Feb 2006
Posts: 512 |
Originally posted by sigma:
Originally posted by TGO:
where can you finance a bel air??
The same place that you finance a used Contour. As long as the value of the asset is within a certain percentage of the desired loan, the bank will finance for you.
And, if for whatever reason that fails, you can finance it via a personal loan.
Good luck on the interest rates. 
For Sale - 96 Tour Sport 2.5L MTX with SVT Exhaust, pre 98 trunklid with newer Contour Sport spoiler instead of lip spoiler, newer Contour sport rims. Newer paint job. Brand new floor mats. Rust Free! PM me for details and pics.
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Joined: Sep 2002
Posts: 456
CEG\'er
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CEG\'er
Joined: Sep 2002
Posts: 456 |
Ya Haven't been watching Barrett-Jackson have you! 
01 PORSCHE 996 
Merdian/Black
Full Aero
Fabspeed mufflers
Fabspeed CAI
B & M shifter
96 GL MTX Zetec 2.0
White/Blue
Blaupunkdt Houston
K & N Drop in/Koni Kit
18"RageEnduros/Flowmaster 40 Series
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