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Automobiles Need for Speed

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  #51  
Old 08-20-2018, 06:28 PM
PHC1 PHC1 is offline
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Originally Posted by Azbiker View Post
The 275 GTB/4 and the 1955 MB Gullwing are my two favorites. I don't buy cars or motorcycles for investment, only to enjoy on the roads while I own them. I certainly enjoy all of the beautiful cars and bikes that are bought for investment purposes by others and shared with the rest of us at shows and photos on line.

Of all the new cars I've bought over the years, only my 2011 GT3 RS was worth more than I paid for it new when I sold it.
I've never lost a penny on the "high end" cars I have owned. Those that I knew would hold value well or appreciate immediately such as the hard to get GT3s/RS and the brand new desirable Ferrari models, I bought new and sold later same or higher price. Those I wasn't sure of, bought used but researched first. I think the only car I took a slight hit on was the Audi R8 V10 with a manual but if I held on to it, it would have been worth more.

Of course I lost money hand over fist on all the other more mundane daily drivers throughout the years either through the leases or depreciation.

Most cars ARE NOT investment as we all know. But some classics truly are as we also know. How much has the 250GTO appreciated over the years? Oh yeah, by 10's of Millions!
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  #52  
Old 08-20-2018, 08:12 PM
Mikado463 Mikado463 is offline
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yep...... should have bought one of those '69 ZL1 Corvettes when I was in high school....... LOL !
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  #53  
Old 08-20-2018, 08:31 PM
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Never made any money on cars. Closest to break-even was a 2009 GTR. Cost me $8k for 4 years of ownership.
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  #54  
Old 08-20-2018, 09:05 PM
PHC1 PHC1 is offline
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Originally Posted by Mikado463 View Post
yep...... should have bought one of those '69 ZL1 Corvettes when I was in high school....... LOL !
That would have been a good buy
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  #55  
Old 08-21-2018, 08:48 AM
Mikado463 Mikado463 is offline
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Originally Posted by PHC1 View Post
That would have been a good buy
Serge, the ZL1 motor option (basically an all aluminum L88) along with the required handful of other options doubled the base price of the car ($4700) !

Neither one of the 2 sold in '69 have traded hands in some time so it's anyones guess as to what they would sell for. I suspect high 7 or even 8 figures.
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  #56  
Old 08-21-2018, 10:31 AM
PHC1 PHC1 is offline
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Originally Posted by Mikado463 View Post
Serge, the ZL1 motor option (basically an all aluminum L88) along with the required handful of other options doubled the base price of the car ($4700) !

Neither one of the 2 sold in '69 have traded hands in some time so it's anyones guess as to what they would sell for. I suspect high 7 or even 8 figures.
I don’t think the ZL1 option was ever meant for street driving either. Wasn’t that essentially a race engine?
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  #57  
Old 08-21-2018, 10:47 AM
Mikado463 Mikado463 is offline
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Originally Posted by PHC1 View Post
I don’t think the ZL1 option was ever meant for street driving either.
agreed .......


Quote:
Wasn’t that essentially a race engine?
for sure, notable at the time in Can-Am racing.
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  #58  
Old 04-24-2020, 07:25 PM
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Grasshopper Grasshopper is offline
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Bringing this old thread back to life.

What are the cars that can be bought in 2020 likely to be a good investment in the future?
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  #59  
Old 04-24-2020, 09:09 PM
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Weirdcuba Weirdcuba is offline
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Default Cars as an investment

Don’t have a specific one in mind, but auto auction houses are renting extra space to house all of the cars for sale. That means one thing for prices in the short term and .... perhaps .... good to great longer term opportunities.
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