Future value
I don't know about you guys, but I watch the Barrett-Jackson auction on TV and am amazed that old mustangs, camaros, vettes and Hemi cars are selling for over $100K. Now even though these cars are rare today, they were not so rare back in their day. They cost $4k-$5k in 1960 dollars which is the same as the $25-$30 that our Mustangs cost today. Do you guys think that if we are able to keep our cars in mint condition, that 30 years from now they will also be worth a large amount of money?
Thanks.
Thanks.
Yeah - the Barrett-Jackson auction show this last week had the bass dude from Van Halen and Sammy selling their cars for $100,000+ - nice hot rods. I think Sammy threw in a case of his tequila, a signed guitar and then 2 backstage passes to any of his upcoming shows.
I was really amazed by some of these cars and especially when Carol Shelby came up and sold the GT500 rights to one of the first cars made for (I think) $600,000 - along with a matching huge toolbox and some other stuff.
I don't know about our future value (who really does) but the thing I freak out about is in 30 years people may be buying cars at $300,000 - and candy bars will go for $10.00! Damn inflation!
I was really amazed by some of these cars and especially when Carol Shelby came up and sold the GT500 rights to one of the first cars made for (I think) $600,000 - along with a matching huge toolbox and some other stuff.
I don't know about our future value (who really does) but the thing I freak out about is in 30 years people may be buying cars at $300,000 - and candy bars will go for $10.00! Damn inflation!
ORIGINAL: mike3000
I don't know about you guys, but I watch the Barrett-Jackson auction on TV and am amazed that old mustangs, camaros, vettes and Hemi cars are selling for over $100K. Now even though these cars are rare today, they were not so rare back in their day. They cost $4k-$5k in 1960 dollars which is the same as the $25-$30 that our Mustangs cost today. Do you guys think that if we are able to keep our cars in mint condition, that 30 years from now they will also be worth a large amount of money?
Thanks.
I don't know about you guys, but I watch the Barrett-Jackson auction on TV and am amazed that old mustangs, camaros, vettes and Hemi cars are selling for over $100K. Now even though these cars are rare today, they were not so rare back in their day. They cost $4k-$5k in 1960 dollars which is the same as the $25-$30 that our Mustangs cost today. Do you guys think that if we are able to keep our cars in mint condition, that 30 years from now they will also be worth a large amount of money?
Thanks.
ANDyou could have made more money with that $4K-$5k investing in the stock market over 30 years... inflation is a bitch but compounding interest is a glorious thing!
ORIGINAL: fredlo69
Yeah man I second that!
Especially if you have a Saleen, Roush, Cobra, or Shelby.
Save all that documentation.
Yeah man I second that!
Especially if you have a Saleen, Roush, Cobra, or Shelby.
Save all that documentation.
i wonder if the teal fox cobras are going to bring in some money cause i would love to get ahold of a stock one and keep it for quite a while just to see what the market will bring....


