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re: Find me a classic car for about $50k that will appreciate in value, or hold its value.
Posted on 7/16/23 at 4:55 pm to bhtigerfan
Posted on 7/16/23 at 4:55 pm to bhtigerfan
quote:
Interesting.
That one is gonna be 100k+
a 50k 997 is a base model with a hefty amount of miles
0
Posted on 7/16/23 at 4:56 pm to bhtigerfan
quote:
In today’s market, I’d say classic cars are probably a safer bet than most investments.
Not at all
Posted on 7/16/23 at 5:00 pm to Buds4
quote:
BMW 2002 tii
Had a '72 with the Kugelfischer mechanical fuel injection. Bought for $3800 in '76.
Posted on 7/16/23 at 5:07 pm to Darth_Vader
quote:
Here’s one on sale for just $130,000…
quote:
Find me a classic car for about $50k
The reading comprehension here is nonexistent
Posted on 7/16/23 at 5:11 pm to bhtigerfan
Define classic. Cars built in 93 are 30 years old at this point.
Posted on 7/16/23 at 5:13 pm to NyCaLa
2002s are so underrated. A blast to drive
Posted on 7/16/23 at 5:14 pm to JohnnyKilroy
You're also gonna be hard pressed to find a "classic" for that price that you can *actually* make money on while still being able to drive it a decent amount (3-5k miles per year).
Sure you might buy for 50k and sell for 65k or whatever in a few years. But factor in the tax title and license, insurance, gas, maintenance and repairs and that 15k "profit" gets eaten up real quick.
Still nice to have a fun/interesting car for "free" but just know going into it that making a real profit is fairly unlikely.
and if you do go into it with the express intent to make money on it in the future, you're setting yourself up for a not great time. If you are dead set on preserving/increasing value it will just sit in your garage undriven.
Sure you might buy for 50k and sell for 65k or whatever in a few years. But factor in the tax title and license, insurance, gas, maintenance and repairs and that 15k "profit" gets eaten up real quick.
Still nice to have a fun/interesting car for "free" but just know going into it that making a real profit is fairly unlikely.
and if you do go into it with the express intent to make money on it in the future, you're setting yourself up for a not great time. If you are dead set on preserving/increasing value it will just sit in your garage undriven.
Posted on 7/16/23 at 5:14 pm to Blizzard of Chizz
quote:
Define classic. Cars built in 93 are 30 years old at this point.
The very first R34s are coming to America, they’re more than $50k but a must for any serious auto collector.
Posted on 7/16/23 at 5:27 pm to ELLSSUU
quote:
If you are patient then a Jaguar XKE Series 1 can be bought in that price range.
Maybe if you had a time machine
Are people glancing over the 50k price range here?
Posted on 7/16/23 at 5:28 pm to Deactived
I’m wondering the same thing. Where are people finding these kinds of cars for 50K or less for an investment?
This post was edited on 7/16/23 at 5:30 pm
Posted on 7/16/23 at 5:29 pm to bhtigerfan
How about my 1973 Datsun 240z? I'll probably be selling it soon. You can have it for less than $50K.
This post was edited on 7/16/23 at 5:30 pm
Posted on 7/16/23 at 5:55 pm to CaptainsWafer
quote:
$50k is more than enough for a good driver quality classic.
He didn't say "find me a good driving classic car for under 50k". He said he wanted something that would appreciate. There is no "good driving classic car that will appreciate". You either get something for moderately cheap and build it out. Or buy it built for a frick load. Believe me, I've had the former and the latter. Hell, my coworker just paid 140k for a resto mod 71 Chevelle. My moderately complete 67 Chevelle is still worth 45k. The market is wrecked because the boomers killed it.
Posted on 7/16/23 at 5:56 pm to Notclamdip
I know somebody who has a 1950 Chevy car for sale. Canary yellow, hot rod engine, roller cam, everything completely detailed. 37 k. I have pics.
It is a chevy deluxe.
If your serious, you should follow up on this. It is in Bush, La
It is a chevy deluxe.
If your serious, you should follow up on this. It is in Bush, La
This post was edited on 7/16/23 at 6:20 pm
Posted on 7/16/23 at 6:07 pm to bhtigerfan
These are just starting to take off in value. Great drivers are 20k. Cheap to keep, got AC that works and fun to drive. Extra points for turbo, t-tops and manual transmission. 
Posted on 7/16/23 at 6:07 pm to AllDayEveryDay
quote:
e didn't say "find me a good driving classic car for under 50k". He said he wanted something that would appreciate
A good well maintained driver quality classic will definitely appreciate, not at the same rate a concourse quality restoration would. That’s why they cost more than cars that need to be frame off restored.
quote:
Hell, my coworker just paid 140k for a resto mod 71 Chevelle. My moderately complete 67 Chevelle is still worth 45k.
You should know this.
Posted on 7/16/23 at 6:15 pm to bhtigerfan
I think 997.1 from early in the model life cycle is the answer to this question, at least for me.
Posted on 7/16/23 at 6:47 pm to bhtigerfan
1968 Oldsmobile 442
Posted on 7/16/23 at 6:59 pm to Tiger971
quote:
I'd also recommend the 135is made in 2013. It's 90% 1M and more rare, only 586 made for the North American market. I bought mine a few years ago and it's a keeper.
Looks like someone put a BMW in a crusher and distorted the proportions.
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