re: Find me a classic car for about $50k that will appreciate in value, or hold its value.

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Barn Find: A lot of folks would normally get excited over a car that saw sales of maybe 74 copies. But this one is a Yugo, one of the most maligned automobiles of the 1980s. They were notorious for their poor build quality, and yet 140,000 of them were imported (when was the last time you saw one?). This example is the rare convertible model, only offered in 1990, and while it runs, it’s going to need a lot of work. Located in Winston-Salem, North Carolina, this drop-top project is available here for $3,400 Story: When I was stationed in Jax I was crossing the Buckman bridge (I-295) and saw someone walking opposite direction. As I crested the rise halfway across lo and behold there was a Yugo burning up in all its glory. I think they sold new at $3,999

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I’ve told this story before… but I know a guy that swears he jabbed a sharpened #2 pencil in the fender of a Yugo before. Says if you doubt him.. bring him a Yugo, a sharp pencil, and cash to bet.