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Old Sep 3, 2008 | 10:44 AM
  #17  
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73Challenger
Senior Member
 
Joined: Jun 2008
Posts: 141
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From: South Miami
Default RE: Wondering what future value might be?

I have been very active in the old car and collector car hobby for the past 25 years. I am past president of the local region of the Antique Automobile Club of America.

The topic of investment potential is a common question. The answer is always the same. If a car is popular when new, it will be popular 25 years down the road. That does not guarantee investment potential, and it is a foolish bet to buy the new Challenger for that reason.

Buy it as a daily driver. Enjoy it. It has a great warranty to keep it running cost free for many years. Hell if you wreck it, get another one. Just do not fool yourself into thinking that it has any investment potential.

The old joke in the antique car hobby is:

'How do you make a small fortune collecting cars? Easy - invest a large fortune at the beginning'

There is no real money made if you hold cars long term (over 25 years). Those people claiming to make money in the antique/collector car hobby are buying low and selling high at auctions or ebay - like selling another shirt off the rack.







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