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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 7:03 pm to bhtigerfan
Posted on 7/16/23 at 7:03 pm to bhtigerfan
Naturally aspirated Porsche 991.1. Last of its kind.
1
Posted on 7/16/23 at 7:36 pm to CaptainsWafer
A "good driver" will appreciate, if he puts money in it. Again, OP did not state he would do this. He wanted a car that would appreciate. Not a car to restore.
Guess you didn't read the post either
Guess you didn't read the post either
Posted on 7/16/23 at 7:37 pm to AllDayEveryDay
72 Ford Mustang
Posted on 7/16/23 at 7:43 pm to AllDayEveryDay
quote:
A "good driver" will appreciate, if he puts money in it. Again, OP did not state he would do this. He wanted a car that would appreciate. Not a car to restore. Guess you didn't read the post either
From the OP:
quote:
If I take care of it properly.
This is MY post you replied to:
quote:
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.
It’s called reading, you should try it. Left to right, top to bottom.
Take Tylenol for any headaches and Midol for any cramps.
ETA I bolded the high points so maybe even you could understand.
This post was edited on 7/16/23 at 7:45 pm
Posted on 7/16/23 at 8:02 pm to jrodLSUke
quote:
Naturally aspirated Porsche 991.1. Last of its kind.
For under $50k?
Posted on 7/16/23 at 8:19 pm to bhtigerfan
quote:
Not really looking for an investment, but I don’t wanna lose money on it.
$20K on a c5 Corvette and $30K in VTSAX.
Posted on 7/16/23 at 8:21 pm to bhtigerfan
Posted on 7/16/23 at 8:23 pm to Redlos
Posted on 7/16/23 at 8:26 pm to Redlos
Posted on 7/16/23 at 8:35 pm to bhtigerfan
1970 Cadillac Eldorado convertible. Anywhere from $10-$40K depending on condition. Easy to work on, plenty of parts, a trunk bigger than the bed of a pickup truck, seats 5 offensive lineman comfortably and a 472 that will get their arse down the road in a hurry.
Posted on 7/16/23 at 9:18 pm to bhtigerfan
Make offer
71 Sting Ray
Posted on 7/16/23 at 9:35 pm to Dragula
Sure. This one is on AutoTrader for right at $50K. For Porsche, you have to be patient and find a motivated seller. Most of the online inventory is from dealerships, and they don't need to move inventory right now.
Posted on 7/16/23 at 10:20 pm to JCinBAMA
Is that a BB?
Posted on 7/16/23 at 10:29 pm to jrodLSUke
That is a 997.2, not a 991.1.
Posted on 7/16/23 at 10:39 pm to JohnnyKilroy
One possible answer to this question is if you are patient every now and then a NA1 NSX will sell for around 50-60k. Those will probably hold their value, but may be difficult to actually drive regularly and maintain.
I was seriously considering pursuing one and talked with a local honda/acura indy mechanic. This guy's livelihood depends on fixing and maintaining hondas and acuras. He said don't get one. The parts for the original early/mid 90s cars are entering unobtainium realm. Ever basic maintenance items like oil filters are getting hard to find. He said he has a couple of customers with them and each one has some interesting quirks that are a result of some component breaking or wearing out, but there is no longer any replacements readily available so the owners just live with it. He said for a lot of parts that are wearing out/breaking you almost have to wait for some car to go to the scrap yard and hope you can get the part before any other NSX owner takes it.
So if you want a automotive icon that prob won't really depreciate much if at all, they are absolutely killer. Incredible styling and an amazing chassis and driving dynamics.
But if you want something you can drive with regularity...maybe not.
I was seriously considering pursuing one and talked with a local honda/acura indy mechanic. This guy's livelihood depends on fixing and maintaining hondas and acuras. He said don't get one. The parts for the original early/mid 90s cars are entering unobtainium realm. Ever basic maintenance items like oil filters are getting hard to find. He said he has a couple of customers with them and each one has some interesting quirks that are a result of some component breaking or wearing out, but there is no longer any replacements readily available so the owners just live with it. He said for a lot of parts that are wearing out/breaking you almost have to wait for some car to go to the scrap yard and hope you can get the part before any other NSX owner takes it.
So if you want a automotive icon that prob won't really depreciate much if at all, they are absolutely killer. Incredible styling and an amazing chassis and driving dynamics.
But if you want something you can drive with regularity...maybe not.
This post was edited on 7/16/23 at 10:40 pm
Posted on 7/17/23 at 4:15 pm to bhtigerfan
2009.5 Pontiac G8 GXP - fastest most powerful straight from the factory Pontiac ever made, they only made ~2000 of them right before the bankruptcy. The green cars (48 made) and blue cars (56 made) are very rare and seldom change hands, a low mileage one will push $50k.
The car is a LS3 small block mated to a chassis that is pretty well a direct copy of the BMW E39 5 series. The former CTO of GM-Asia Pacific is a friend, and told me that they literally poached BMW's suspension engineers to do the car for them. The Chevy SS, mechanically the same car, that was sold later is just not as good looking as the Pontiac and lacks presence. Automobile Magazine named the G8 GXP as one of its "Ten Orphaned Cars to Drive Before You Die" alongside the Plymouth Superbird.
This is my car before I sold it.
The car is a LS3 small block mated to a chassis that is pretty well a direct copy of the BMW E39 5 series. The former CTO of GM-Asia Pacific is a friend, and told me that they literally poached BMW's suspension engineers to do the car for them. The Chevy SS, mechanically the same car, that was sold later is just not as good looking as the Pontiac and lacks presence. Automobile Magazine named the G8 GXP as one of its "Ten Orphaned Cars to Drive Before You Die" alongside the Plymouth Superbird.
This is my car before I sold it.
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