Quote:
Originally posted by Moonlight Mystique:
Then I'd like to know why my neighbors, and my friends dad's classic cars are worth ALOT of money today? Friends dad has classic Camaros, Corvettes, even a classic Ferarri. The cars are worth more than their whole house put together. My neighbor has classic Fords (Im surprised they have lasted this long) 1963 Galaxie 500, 1913-ish Ford Model something pickup, 1952 Ford Customline, 1964 Chevy Impala, and again, cars alone are worth more than his house. If you say cars are not an investment, you're a moron. Cars go up in value as they get older, more rare. Even if they arent worth as much as youd like, it's a car. A part of your personality. Cars are very important to me. My moms BMW is ALWAYS spotless, inside and out, same goes for my Mystique and my 6000. I put my life, and most of my spare time into these and, I know, my 6000 will be worth ALOT of money when it gets older. All-wheeled drive S/Es are very rare. Only a TOTAL of 1400 AWD 6000s made from 1988 to 1990. The 1988s are worth about 20K right now, because there were only 140 AWD STEs made in 1988. Cars ARE an investment, you put money into them, you get money out. You just have to TAKE CAR of your car, so it lasts long enough to be worth the money smile
No need to call someone a moron. This is the reason why Lance was thinking of dropping the site. The fact is, a regular everyday car (even the limted production ones) are not considered investments. BUT, classic cars are considered investments. Most people buy these and drive only once in a blue moon.

Cars are money pits in general. You buy them for a purpose; to get from point A to point B. That is the service they provide most people. Even auto ethusiasts recognize that they depreciate like he!!.

Heck, my SVT is the biggest money pit ever. Paid in the low 20's brand new and now I can get maybe 10 grand for it if I looked around hard enough. This is hardly an investment. A bank account earning .5% is a better investment than that!!!!

laugh