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Musclecars as investments
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Topic: Musclecars as investments (Read 336 times)
Kevin O
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Posts: 1066
Musclecars as investments
«
on:
October 02, 2008, 12:21:25 PM »
Out of curiosity, has anyone recently sold a car for more than you paid for it? I'm curious to explore if there is a rate of return on muclecars... with other investments tanking, is it time to look at these as places to put money with the intent of getting more back later?
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Kevin Oeste, V8TV
www.v8tvshow.com
Nico
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Posts: 8
Re: Musclecars as investments
«
Reply #1 on:
October 03, 2008, 03:37:45 AM »
Over here in Sweden I think musclecars are a good investment. It's hard to say if the prices will keep on going up forever but that's what they've been doing the past 10 years or something.
For example a friend bought a 69 Charger 440 10 years ago and paid about $6000 for it then. It was not in great condition but if he had just stored it in a garage then and not done anything to it, looking at todays prices I'd say he'd get around $25-30000 for it now. I bought my Chevelle knowing that I will most likely at least get my money back if I ever want to sell it. I think you kind of have to look at it as an investment, otherwise it's hard to justify all the expenses.
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