MODs: An Investment or what?
#26
Registered Zoom Zoomer
iTrader: (2)
Real estate [been veddy veddy good to me]. ;
You can never lose on real estate as long as you acquire in a buyer's market (e.g. now) and can afford to wait for a seller's market (e.g. a few years hence). And of course location, location, location. People have to live somewhere, the population is ever increasing, and good locations typically remain so.
The only way you can make money on vehicles is to have kept a model, for a long time, that collectors will ultimately want. In the late 60's I would never have guessed some of the muscle cars that are fetching good prices today, but then that was a long time to wait for an ROI!
You can never lose on real estate as long as you acquire in a buyer's market (e.g. now) and can afford to wait for a seller's market (e.g. a few years hence). And of course location, location, location. People have to live somewhere, the population is ever increasing, and good locations typically remain so.
The only way you can make money on vehicles is to have kept a model, for a long time, that collectors will ultimately want. In the late 60's I would never have guessed some of the muscle cars that are fetching good prices today, but then that was a long time to wait for an ROI!
#28
It's Complicated
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Join Date: Feb 2008
Location: Dirty Jerz
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This car like many others is not an Investments... The depreciated value shows that. Whatever you do choose to do to the car make sure to keep the OE parts when selling the car. That's the only way to get any type of money back for anything that you had put into this car.
#30
SARX Legend
iTrader: (46)
The guy I bought my car from lost over 10k not including interest. and only put 10k on it. Plus that was before the engine debacle.
#31
When I bought my 04 the sticker price was ~$32K (6MT, Touring, Sport). With 86K miles and several mods what's it worth now? Maybe $9K. Yes, that does sting a little but I could care less. It's paid for and I plan to keep on modding and driving it forever. Also as far as modding goes, I personally enjoy doing all the work on this car myself. Kind of like a hobby.
#32
It's Complicated
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Well the FD's price dropped when the 8 came out and the 8 was overpriced and that coupled with the reliability problems has led us to the current value problem.
The guy I bought my car from lost over 10k not including interest. and only put 10k on it. Plus that was before the engine debacle.
The guy I bought my car from lost over 10k not including interest. and only put 10k on it. Plus that was before the engine debacle.
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