Is this a good investment plan ? - Pontiac GTO Forum
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post #1 of 30 (permalink) Old 07-29-2006, 09:08 AM Thread Starter
 
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Is this a good investment plan ?

Hello everyone. Here's my thinking on how to invest for the future. I currently have an 05 GTO. What I plan on doing is buying the Dodge Challenger, Chevy Camaro and the Trans Am. If they are all produced. I plan on putting them in my car shop/storage building, where they will sit unmolested for 20 years. I will also add any other new muscle cars produced in the next ten years or so. What I'm hoping for is that like there older makes they will go up in value and be highly desired collectibles.
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post #2 of 30 (permalink) Old 07-29-2006, 09:35 AM
 
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Doubtful this is a good investment- -

Join a savings plan where you work, and hopefully the employer matches 50-100% of your contribution.
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post #3 of 30 (permalink) Old 07-29-2006, 09:55 AM
 
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No No
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post #4 of 30 (permalink) Old 07-29-2006, 10:04 AM
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Generally purchasing vehicles for investment purposes is not a wise decision. If your thought is that these cars will accelerate in value like the "classics" of years gone by is a risky gamble. Just driving them off the lot now you are losing a fortune. You have to wait a long time just break even or to recoup the loss you'll take now. To me, it just does not make sense.

The new cars now a days carry a hefty price tag as compared to the new cars which are now considered classics. Who would have though that cars of that era would be so highly sought after. The prices of those then, compared to the prices of these now makes it IMO cost prohibitive.

I personally cannot see purchasing one let alone 3 or more just to let it sit and not enjoy it. As stated, I'd put money away in 401K's or stocks, you'll make more that way. Who is to say if these cars now will appreciate like the "oldies" did. I'd rather gamble on stocks, or mutual funds in the long term.

I am no expert in this by any means but I do know my investments I have made are doing quite well.

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post #5 of 30 (permalink) Old 07-29-2006, 12:16 PM
 
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If you put the cost of a deluxe muscle car into the stock market in the late 60's you would have more than enough money to buy them today even at the current record prices.

Thanx,
Russ
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post #6 of 30 (permalink) Old 07-29-2006, 12:19 PM
 
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buy an old classic and keep that stored for 20 years
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post #7 of 30 (permalink) Old 07-29-2006, 12:41 PM
 
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Investment advice

Good sound advice from everyone here for 'Dragon32'...That's why I love this forum! Cars are never your best investment option unless you get some kinda
of rare deal from a grandson selling grandpa's old 69 camaro he found in the garage that he just inherited for $500. In that case, you could make some money on the deal. However, new car purchases, never! Sure would be a nice collection though!

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post #8 of 30 (permalink) Old 07-29-2006, 03:11 PM Thread Starter
 
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Thanx for all the good advice. I will look to other venues for investing.
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post #9 of 30 (permalink) Old 07-29-2006, 06:09 PM
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If I would have known the muscle cars, and classics would have commanded such a following.... I would have kept the ones I had, kept them in shape, sold them, and retired on the profits... So would have everyone else..... Thing is... we didn't know...

Ya can't retire on hindsight.

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post #10 of 30 (permalink) Old 07-30-2006, 06:11 PM
 
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Quote:
Originally Posted by GTO judge
If I would have known the muscle cars, and classics would have commanded such a following.... I would have kept the ones I had, kept them in shape, sold them, and retired on the profits... So would have everyone else..... Thing is... we didn't know...

Ya can't retire on hindsight.
Yes, that's the problem. Not knowing what is going to appreciate.

I wish I could beam back in time and buy a barnful of SuperBirds and HemiCudas- - -
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