Car Investment

[lfalzarano]

Chances Are You'll Lose Money If You Buy Cars As Investments - CarBuzz

https://apple.news/AKz-zW4cfS5uhajkVRZHN3w






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[rush91]

I was watching one of these car shows, I think it was an episode of Legendary Motorcars. And the owner told a story of a guy who had a 1970 Boss 429, and kept the miles low for one day trading it in for something. When the 1984 Corvette came out, he traded his Boss 429 in on a new 1984 Corvette. Thinking this new Generation Corvette would be worth a mint, if put away with hardly any miles.......One of the worst trades he said he ever saw, and the was case in point as to why cars are bad investments. Hind sight being what it is, one just never knows how collectible cars market goes.

[ssrszz4]

Rare Jap motorcycles a good bet though I have a rg500 Walter wolf and a 1990 Owo1 they increase in value every year.

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[Vette73]

I was watching one of these car shows, I think it was an episode of Legendary Motorcars. And the owner told a story of a guy who had a 1970 Boss 429, and kept the miles low for one day trading it in for something. When the 1984 Corvette came out, he traded his Boss 429 in on a new 1984 Corvette. Thinking this new Generation Corvette would be worth a mint, if put away with hardly any miles.......One of the worst trades he said he ever saw, and the was case in point as to why cars are bad investments. Hind sight being what it is, one just never knows how collectible cars market goes.
Ooh that hurts.......Seeing that the 84 corvette was going to be mass produced,I mean, how could you not,why would someone do that ?

Bad move....I was at the Hershey car festival in September....A guy was selling a 70 429.....His asking price was 250,000 dollars.....Beautiful car....Don't know if he was original owner but he did have the original sticker.5,100 dollars back in 70..

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[lfalzarano]

I had the 70 Boss 302 and traded it for a Chevell station wagon to carry a playpen and baby stuff. [emoji17]


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[Vette73]

I had the 70 Boss 302 and traded it for a Chevell station wagon to carry a playpen and baby stuff. [emoji17]


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[emoji26] [emoji26] [emoji26]

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[tccrab]

I had an all original 1968 Dodge Charger RT British Racing Green with Green interior (think the movie Bullet with Steve McQueen, the "Bad Guy's Car" in the big chase scene)with the 375hp 440 and pistol grip 4 speed, power windows and door locks, air conditioning, and a special order only rear window defroster.
I sold it back in the late '90s for a good price.
How was I to know that it would be worth today, I would have put it in a bubble and saved it.
*could have, should have, would have*sigh.

'Crabs

[Dean Nelson]

some time it just takes luck.
my uncle bought a new 1967 Vette when I was 16.
I got it from him in 1980 and still have it, now it is a Benchmark from BG.


also have a 1971 LS-6 I got in 1992.


the 67 just keeps going up a little at a time.
the 71 has had big swings over the years up and down.


as age gets to me (now 67) and the two of them just sit in storage, I assume one day they will get sold.


Dean Nelson

[Bob Eyres]

All us old car guys have these stories.
In 1970 I had a Split-window, 327/340. Every day I drove it to work I passed the Ford dealer who had a new black Boss 429, and a blue Boss 302 out front. I never tried to deal because I was a Corvette guy.
But when my second child was born, we couldn’t fit two little ones into the back. So I traded the corvette in for a few bucks and a VW 1600S squareback. The worst deal of my life.
The stories are endless, that dealer had a 50 mile Super Stock Hemi coronet with aluminum body parts and every go-fast option on his showroom floor, for less than $3,500. And the Chevy dealer across the street from my house had a plain, yellow 67’ Nickey L72 427 Camaro that sold for $2,500. What an era.
In the long run, the only losers are the waxers who never really used the cars, and the guys who have them today but never take them out after midnight to wring the hell out of them.
The same goes for our cars. JMHO


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[lfalzarano]

The ZR-1’s need to be driven, but not in the snow. Merry Christmas to everyone. ☃️[emoji319]☃️


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[DRM500RUBYZR-1]

There is only one way that I know of to make certain that your investment in a car will yield a positive return over it's purchase price.
1- buy it
2- keep it
3- do not sell it before you have owned it for 50 years minimum.

If it 's value goes up sooner, and most will, simply consider yourself brilliant and a financial genius.

Too late for me, but I do try to teach the younger ones.
That is all that you need to know.
:cheers:
Marty

[lfalzarano]

[emoji16]


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[ZR-1 Franz]

Hello from Switzerland,

What I read in your posts, I think it is a good idea to keep our
'64 Impala SS 409/425 hp. We own this car since 1967 when my father
bought this Chevy with very low miles. The car was as good as new and it
is still in very fine condition. Once the engine had to be replaced, but it is not as many times seen some kind of Chevy V8, it was again a 409/425 hp.
So this is the only aspect that purists would not be so happy about.
On the other side the car is all original, even the carpets are extremly good.
And it drives like new. All the time garage kept, a second owner car.

Franz

[Bob Eyres]

Franz- That is such a rare and unique car, even here in the U.S. You must get some interesting reactions from your fellow Swiss.


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[ZR-1 Franz]

Hello from Switzerland,
Thank you for your answer.
Indeed, this car gets a lot of thumbs up, but what I think is really unique, is, that we own this car for 50 years now and that we are the second owners.
I know the whole history of the car. This is unique for such a car, I think.
20 years ago we owned a '70 Dodge Challenger 383 Magnum. I think we shouldn't have sold this car. It wasn't a Chevy, but it was a great car.
From today's view it was a mistake!

Franz

[SAB]

I was watching one of these car shows, I think it was an episode of Legendary Motorcars. And the owner told a story of a guy who had a 1970 Boss 429, and kept the miles low for one day trading it in for something. When the 1984 Corvette came out, he traded his Boss 429 in on a new 1984 Corvette. Thinking this new Generation Corvette would be worth a mint, if put away with hardly any miles.......One of the worst trades he said he ever saw, and the was case in point as to why cars are bad investments. Hind sight being what it is, one just never knows how collectible cars market goes.

Legendary Motorcar also had an episode of some guy that traded a 71 Hemi Cuda conv for a new 84 Corvette. Worst trade ever in my opinion. The guy with the Cuda still owns it.

[ZRapid-1]

Hello from Switzerland,

What I read in your posts, I think it is a good idea to keep our
'64 Impala SS 409/425 hp. We own this car since 1967 when my father
bought this Chevy with very low miles. The car was as good as new and it
is still in very fine condition. Once the engine had to be replaced, but it is not as many times seen some kind of Chevy V8, it was again a 409/425 hp.
So this is the only aspect that purists would not be so happy about.
On the other side the car is all original, even the carpets are extremly good.
And it drives like new. All the time garage kept, a second owner car.

Franz


Like hearing these stories where the car stays in the family for a long time.
That 409 is a keeper too.
And 59 more cubic inches than our ZR-1s!


Reminds me of this Beach Boys Song:
Shes real fine my 409
Nothing can catch her
Nothing can touch my 409
When I take her to the track she always turns in the fastest times
My four speed dual quad posi-traction 409

[MickeyD]

Like hearing these stories where the car stays in the family for a long time.
That 409 is a keeper too.
And 59 more cubic inches than our ZR-1s!


Reminds me of this Beach Boys Song:
Shes real fine my LT5
Nothing can catch her
Nothing can touch my LT5
When I take her to the track she always turns in the fastest times
My six speed 32 valve LT5


That sounds better!