they just had on TV that a car is one of the best things to invest in, once they hit 20 years old, they go up an average on 10% each year
Moron huh? We'll use your criteria of 20 years old and 10% increase in value every year after that.
According to edmunds.com a 1981 (21 years old)AMC Eagle Station Wagon would go for $378 today... There's your 10%... 10% of the original value... By my count that's a net value of negative 90%...
Youngster The fact is that a
select few cars appreciate in value and for good reason:
1. The owner spends 10 times the cars' value to maintain it
2. The owner spends 10 times the car's value to fully restore a POS.
BTW- I thought you had left CEG?
Hi pot...this is kettle... EDIT: Your 88 6000 worth $20K? Not exactly. Edmunds.com has a 88 6000 in exceptional condition listed as worth $1,410...
At least try to do some research before you type.
