01-23-2019, 03:25 PM | #15 |
Drives: 1991 Z/28 Convertible Join Date: Feb 2018
Location: Pittsburgh, PA
Posts: 411
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I learned the hard way, keeping a 2001 Mustang Bullitt for over 17 years and only riving it about 3 to 4 times a year. When I sold it with only 7,800 miles on it, I got twice over book value, but it was still no where near what I thought it would be worth. I only got $11,000. I was hoping to one day get maybe $16,000 but it was a bad investment. Anyways, I won;t ever put money into a car like that again. Bad investment.
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01-23-2019, 04:53 PM | #16 | |
Banned
Drives: 22 ZLE M6 Join Date: Jul 2014
Location: Corpus Christi
Posts: 601
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Quote:
401k>Savings>house>gold>etc>etc>etc....>cars. We will all die one day ... drive a car or someone else will one day |
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01-23-2019, 06:15 PM | #17 |
Account Suspended
Drives: 2013 Sparkly Red One Join Date: Dec 2018
Location: Hospitality State
Posts: 2,558
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2013 COPO 427 went for $58K. That was a great deal.
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01-23-2019, 06:39 PM | #18 |
Drives: 2015 Z28 Join Date: Nov 2016
Location: Michigan
Posts: 136
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I think cars will generally become a worse investment over time. I can't see tons of millenials going gaga for them.
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01-24-2019, 11:13 AM | #19 |
Drives: 15 Z/28 Join Date: Jun 2014
Location: So Cal
Posts: 262
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I'm a millennial by age unfortunately, I know lot's of people my age that love cars but don't have the discretionary income to afford a toy. Cars are generally a horrible investment, but if you can spot trends you can buy stuff at the bottom of the depreciation curve and enjoy them for a few years and get out of them. Take the 73-87 C/K pickups, 5 years ago they weren't worth much. Now they are becoming one of the hottest cars in the collector car market, particularly the K5 Blazers.
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01-24-2019, 03:37 PM | #20 | |
Drives: 2015 Z/28, 2007 HHR Join Date: Jan 2014
Location: Republic of Texas
Posts: 1,148
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Quote:
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01-24-2019, 04:24 PM | #21 |
Drives: 15 Z/28 Join Date: Jun 2014
Location: So Cal
Posts: 262
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01-24-2019, 07:45 PM | #22 |
Drives: 2015 Z/28, 2007 HHR Join Date: Jan 2014
Location: Republic of Texas
Posts: 1,148
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01-24-2019, 08:00 PM | #23 |
Drives: 2015 z28 Black w/ac #645 Join Date: Jan 2017
Location: Southeast Texas
Posts: 337
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01-24-2019, 08:01 PM | #24 |
Drives: 2015 z28 Black w/ac #645 Join Date: Jan 2017
Location: Southeast Texas
Posts: 337
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STILL LMAO
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