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Joined: Sep 2002
Posts: 3,709
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Sep 2002
Posts: 3,709 |
Originally posted by baco99:
buy it, store it in a bubble for 20 years, and then auction it at Barrett Jackson for $100k in 2026. i think it's a good investment as long as it's never driven.
i also think the MG SV is a good investment, but requires $100k initial cash instead of $30k.
That's something only the really rich would do. For someone looking for a car to drive it makes no sense. Besides, if he were to hang onto it for the sake of making money; there definitely are much more efficient and prosperous ways to do it, than through a car.
Originally posted by Chickens:
Religion can't do much for ashholes (unless you are an alterboy)
98.5 Se w/SVT mods
98 E0 SVT~ sold
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Joined: May 2002
Posts: 21,653
I have no life
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I have no life
Joined: May 2002
Posts: 21,653 |
If you got the money and want it, why not? As you said, you wouldn't lose much if/when you did sell it. Probably come out better than if you lease a car or buy a domestic and resale it a couple years later.
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
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Joined: Jan 2002
Posts: 753
Veteran CEG\'er
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Veteran CEG\'er
Joined: Jan 2002
Posts: 753 |
Originally posted by baco99:
buy it, store it in a bubble for 20 years, and then auction it at Barrett Jackson for $100k in 2026. i think it's a good investment as long as it's never driven.
Or you could buy a cd at 5.5% interest, compounded monthly and end up with $94,393.71. No guesswork there.
Dueling Duratecs
'95 SE V6 MTX 0 Mods
'04 Mazda6 S Wagon
'03 Kawasaki Z1000
But thus do I counsel you, my friends: distrust all in whom the impulse to punish is powerful!
Friedrich Nietzsche
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Joined: Jun 2000
Posts: 5,725
Hard-core CEG'er
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Hard-core CEG'er
Joined: Jun 2000
Posts: 5,725 |
Originally posted by spgoode:
Originally posted by baco99:
buy it, store it in a bubble for 20 years, and then auction it at Barrett Jackson for $100k in 2026. i think it's a good investment as long as it's never driven.
Or you could buy a cd at 5.5% interest, compounded monthly and end up with $94,393.71. No guesswork there.
but you can't sit in a CD and make VRRROOOOOM sounds.
i see your poiont, tho.
For Sale:
- Sony PSP with a Baseball 2k6 and the movie Crash. $100
- 1973 Karmann Ghia Convertible w/ Auto-Stick. Needs Restoration. $1200 OBO
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Joined: Jun 2000
Posts: 5,725
Hard-core CEG'er
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Hard-core CEG'er
Joined: Jun 2000
Posts: 5,725 |
Originally posted by XKontour98:
Originally posted by baco99:
buy it, store it in a bubble for 20 years, and then auction it at Barrett Jackson for $100k in 2026. i think it's a good investment as long as it's never driven.
i also think the MG SV is a good investment, but requires $100k initial cash instead of $30k.
That's something only the really rich would do. For someone looking for a car to drive it makes no sense. Besides, if he were to hang onto it for the sake of making money; there definitely are much more efficient and prosperous ways to do it, than through a car.
i agree. but the question wasn't, "how can i invest $30k?" the question was, "is the JCW GP a good car investment?"
i still say yes.
and if your a car collector, it should matter how much it's driven, just that you have it.
For Sale:
- Sony PSP with a Baseball 2k6 and the movie Crash. $100
- 1973 Karmann Ghia Convertible w/ Auto-Stick. Needs Restoration. $1200 OBO
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Joined: Jul 2003
Posts: 1,882
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jul 2003
Posts: 1,882 |
Originally posted by baco99:
Originally posted by spgoode:
Originally posted by baco99:
buy it, store it in a bubble for 20 years, and then auction it at Barrett Jackson for $100k in 2026. i think it's a good investment as long as it's never driven.
Or you could buy a cd at 5.5% interest, compounded monthly and end up with $94,393.71. No guesswork there.
but you can't sit in a CD and make VRRROOOOOM sounds.
i see your poiont, tho.
No, but you can sit ON a CD and make VRRROOOOOM sounds! Still not as fun though.
BrApple-its all in the way it is presented...but everythign on my resume is all me
TexasRealtor-I hope you spelling improves on your resume.
MxRacer-ladies and gentlemen, welcome to ironyville. population, texasrelator.
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