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Old Jan 24, 2006 | 05:17 PM
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juddz
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Joined: Jun 2005
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Default Re: Heard some strange news

So true, 98% of the cars ever built were bad investments! It is only the very rare few that appreciate to amazing heights. There are a ton of muscle cars in the $40K range, that sold for a mere fraction of that new. And, even these are bad investments, when you consider what that $40K is in 1967 dollars, and compare it to the original sticker. A lot of times, if you are lucky, it will have just kept up with inflation. Now, compare that to a good investment, say you took the same amount of money in 1967 that it would have cost to buy a new Mustang, and imagine what it would have done in a growth-oriented mutual fund all these years. That would have been a good investment.

Some guys got very lucky by keeping an original hemi car around (and now its worth six figures), finding a mid fifties gullwing SL in a barn, etc. But, stories like that are very few and far between. More common is the sob story of some guy that had such and such, sold it when he went off to Vietnam, and has secretly longed for it back every time he has signed on the dotted line for another practical sedan since. I don't have that problem, since I grew up in the eighties and nineties (far from the automobile's golden age!)

Totally unrelated, its nice to know there is another member on this forum that has taken the trouble to price out Alfa Romeo 164's. This one has made my list of "wants" as well. Citroens are too much trouble to keep sealed up (a mineral oil plumbing nightmare). However, Peugeot 505 turbo sounds kind of fun, doesn't it?
 
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