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re: Do millennials like classic cars?
Posted on 3/3/20 at 9:54 pm to JohnnyKilroy
Posted on 3/3/20 at 9:54 pm to JohnnyKilroy
quote:
Jay Leno (and others) will tell you they've lost money in the market, but not on their classic cars.
quote:You think it isn't true?
Jesus lol
Two things you will never lose money on as long as you don't overpay when you buy. Classic cars and good quality firearms.
1
Posted on 3/3/20 at 9:59 pm to SavageOrangeJug
quote:
Two things you will never lose money on as long as you don't overpay when you buy. Classic cars and good quality firearms.
Brilliant analysis.
BTW almost no cars beat the market in appreciation lol.
Posted on 3/3/20 at 10:05 pm to JohnnyKilroy
quote:
Brilliant analysis.
Obviously you're into neither one.
Posted on 3/3/20 at 10:07 pm to JohnnyKilroy
As long as you buy stocks at the right price, you can’t lose
Posted on 3/3/20 at 10:09 pm to GreatLakesTiger24
quote:Classic cars and guns are not guesswork.
As long as you buy stocks at the right price, you can’t lose
Posted on 3/3/20 at 10:11 pm to SavageOrangeJug
quote:
Obviously you're into neither one.
I'm very much into automobiles and they are terrible investments compared to equities.
Posted on 3/3/20 at 10:14 pm to Redbone
quote:
Performance: 1969 b.b. V8 vs. 2010 6.2 V8
Engine for comparison 396 cu. in. (6.5 liter) 4-bbl. / 6.2 liter (376 cu. in.) LS3 V8 (-5%)
Horsepower (SAE net) (1969 net figure estimated) 375 (SAE gross) - 260 (est. SAE net) / 422 (w/6-speed manual) (+68%)
0-60: 6.8* / 4.7***
Quarter mile: 14.2 @ 102 mph* / 13.2 @ 110***
Top speed: 125 mph* / 170 mph***
The numbers don't lie. The newer Camaros are more powerful, faster, handle better, have better breaking, safety and fuel mileage.
Boomers holding on to their fantasies don't want the facts, their nostalgia and emotions take over and make them irrational.
Classic muscle cars look better because of the lower wider stance but in reality drive like shite. Buck and Red can have their boomer lemon party, but facts are facts and technology has improved significantly since in the last 50 years.
Posted on 3/3/20 at 10:16 pm to SavageOrangeJug
quote:oh lord
Classic cars and guns are not guesswork.
Posted on 3/3/20 at 10:17 pm to JohnnyKilroy
quote:
I'm very much into automobiles and they are terrible investments compared to equities.
Your glorified Volkswagen was not an investment. Neither is your buddy's Honda Accord.
That 69 Z28 or 55 hardtop was an investment.
That 59 Cadillac Eldorado Biarritz bought 20 years ago was a freakin' gold mine.
Posted on 3/3/20 at 10:18 pm to GreatLakesTiger24
quote:
GreatLakesTiger24
quote:You are literally too stupid to be in this conversation.
oh lord
Posted on 3/3/20 at 10:18 pm to SavageOrangeJug
quote:
That 59 Cadillac Eldorado Biarritz bought 20 years ago was a freakin' gold mine.
How much were they worth then and how much are they worth now.
Also, my glorified volkswagen is worth more now than when I bought it
Posted on 3/3/20 at 10:18 pm to SavageOrangeJug
Literally
Jesus Christ
Jesus Christ
Posted on 3/3/20 at 10:22 pm to JohnnyKilroy
quote:Then you could have probably got one for $20-50,000. All condition dependent
How much were they worth then and how much are they worth now.
Now, dependent upon condition? $125-200,000
Here is one in New York. $158,000
If you find one a lot cheaper. You better do some SERIOUS investigation before you buy.
EDIT: The one for sale here has a replacement engine. Not even the original.
This post was edited on 3/3/20 at 10:24 pm
Posted on 3/3/20 at 10:25 pm to SavageOrangeJug
Your example doesn’t even beat the market
Nice try tho
Nice try tho
Posted on 3/3/20 at 10:28 pm to GreatLakesTiger24
quote:
Your example doesn’t even beat the market
Nice try tho
Posted on 3/3/20 at 10:34 pm to GreatLakesTiger24
quote:
Your example doesn’t even beat the market
Nice try tho
Yep.
Let's not even get into the amount of money it costs to restore these to a point where they would bring in top dollar.
I'm looking at the Hagerty indexes. Pretty good resource. The American 1950's category, which the Caddy is in, has been mostly flat since 2007. It's gone up about 11% since then.
Imagine only getting 11% total over 13 years in the market lmao. For reference, the SP500 has gone up over 100% in that time frame haha.
Posted on 3/3/20 at 10:36 pm to JohnnyKilroy
I don't know what point you are trying to make.
Yes, cars are bad investments. I don't even know anyone that thinks they are.
Classic cars, cars that are restored, rare cars etc, are very good investments.
A 911 with 17 previous owners? I wouldn't make it part of my "portfolio".
Yes, cars are bad investments. I don't even know anyone that thinks they are.
Classic cars, cars that are restored, rare cars etc, are very good investments.
A 911 with 17 previous owners? I wouldn't make it part of my "portfolio".
Posted on 3/3/20 at 10:39 pm to JohnnyKilroy
Keep that mouth breather avatar. PERFECT representation.
Bottom dropped out of the economy in 2008? Guess what remained solid?
Show me where I said they were the top investment?
Bottom falls out tomorrow. Guns and classic cars won't.
quote:
Two things you will never lose money on as long as you don't overpay when you buy. Classic cars and good quality firearms.
Bottom dropped out of the economy in 2008? Guess what remained solid?
quote:
never lose
Classic cars and good quality firearms
Show me where I said they were the top investment?
Bottom falls out tomorrow. Guns and classic cars won't.
Posted on 3/3/20 at 10:40 pm to VetteGuy
quote:
Classic cars, cars that are restored, rare cars etc, are very good investments.
Compared to what? Other cars? Sure. Compared to traditional market investing? Nah.
Posted on 3/3/20 at 10:42 pm to VetteGuy
quote:
Classic cars, cars that are restored, rare cars etc, are very good investments.
A 911 with 17 previous owners? I wouldn't make it part of my "portfolio"
Like I told him. No, his Volkswagen isn't and investment.
He isn't trying to make a point. He never does.
That mouth breather is the best representation he can have as his avatar.
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