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I have to disagree. The biggest mistake many people make is not treating a car like an investment. For most people the purchase of a car is a significant investment - probably the second or third biggest investment they will make (behind a house and a college education).





Look up the definition of ā??investmentā? you will see that a car is defiantly not an investment since it will depreciate in value over time, it will always be a loss. Now this is not to say that my old 1968 Cougar XR7 that I paid $500 for in 1975 would be worth $10,000 today if I had of hung on to it. But, if I added up how much it would have cost me over 28 years to maintain the car in pristine condition it would add up to way more then $10,000. So again, not an investment. Also, like I said, for any object (this includes cars) to go up in value there must be a market and demand.

Someday, 30 years from now your fully restored mint condition contour my get a fair price at a car auction (one of us could be the buyer). When you add up what you originally paid for the car and how much you spent keeping it pristine, you will have lost money. Cars are a necessity and a hobby and never an investment.

With tax interest I paid about 20,000 for the mystique in 1997, excluding maintenance (gas, oil, breaks and tires) I have spent about 1,000 more in repairs. If I had of taken the 18,000 (purchase price) I spent on the car in 1997, and purchased shares of Harmon International, (if I remember @ 13.00 share) I would have had 1384 shares. Today a share of Harmon is worth $90. I would have had $124,560. Now that is an investment. My car could sell today for around $3500, not an investment.

jeff

have you fixed your ford lately?