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I started thinkin about it today.... Ya know how everyone yells about car's being a money pit and you never getting anything back that you put into it? I don't feel this is entirely true. If you put 2K into a car, inside and out, I feel when you sell the car you should be able to get more than you paid for it.... My car was bought for 2700 and i can imagine that when i'm done with it I can sell it for around 3000. Now that's just a little over 12% or so in return on the investment (if you wanna call it that) So allbeit it's a little small of a return it's still something. Among the things i have done in my sig, when the car is done it shall have the following:

tinted windows, j-mod, paint job, pioneer 6X8 3-ways, single 10" sub in trunk... i feel the total from what i have added to these will run around 2K total.... Just my input here guys =)
 

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yeah that is true... BUT there is also <i>usually</i> a reality to things.... If you can find some moron to give you 6 G's for it then that's awesome but MOST wont. I think 3K is a reasonable amount for when i'm done.
 

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Dude I only know one vehicle you can come out good on like that. Harley Davidsons. Never lost a dime on one.
 

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kdanner said:
Dude I only know one vehicle you can come out good on like that. Harley Davidsons. Never lost a dime on one.
yea you wont loose on one of these, unless you umm lay it down as you pull off the lot. then your F'd


and yea bought my car for 11,800, put 3k into the motor/trans ill never ever get 14k for this thing.
 

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I think this is more true for cars that have hit there lowest resale (older cars) value possible or cars that are in bad shape. For example, my friend bought a 86 POS T-Bird 5.0. I mean it was rusted out, barely ran and sat for the past 6 years. So he got it and did a tune up and a couple other little things and now it purs like a baby. Total of about $300. Now he is redoing all the body work and repainting it himself. All the supplies cost him about $300. So when he goes to sell it, he wants to get around 1500 maybe a bit more. So what I am trying to say is there is more of a chance that you will get more money with a old car than a new one. Say you bought a 96 bird in 99 and did alot of bolt ons, some rims, and suspension. You probably paid around $13,000. So you keep the car until 04, there is no way you could sell the car for more (most likey) than what you paid for it.

My .02!

:D
 

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Cars are a horrible investment. Someone could give you an old car and it wouldn't be a good investment, it takes the money and time you put into it to make it look and run good again, if you keep track of your time and what you put into the car, 99.9% of the time you will probably be lucky if your selling price minus purchase price and parts (sp?) divided by hours spent working on it will even get you minimum wage.
 

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Cars are not investments - real estate is an investment. Only a very few vehicles appreciate in value and that only after a very long time. As someone said, you may find someone who comes along with more money than sense that wants THAT car and pays what you have in it. What are the odds of that happening? Play the Lotto, you have a better chance. Look at your car as something you spend money on because you want to and enjoy - and you'll spend it on something you want anyway. Never try to justify spending it as an investment.

Just my opinion as an old fart who's wasted a lot of money in his time.
 

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Spike said:
I started thinkin about it today.... Ya know how everyone yells about car's being a money pit and you never getting anything back that you put into it? I don't feel this is entirely true. If you put 2K into a car, inside and out, I feel when you sell the car you should be able to get more than you paid for it.... My car was bought for 2700 and i can imagine that when i'm done with it I can sell it for around 3000. Now that's just a little over 12% or so in return on the investment (if you wanna call it that) So allbeit it's a little small of a return it's still something. Among the things i have done in my sig, when the car is done it shall have the following:

tinted windows, j-mod, paint job, pioneer 6X8 3-ways, single 10" sub in trunk... i feel the total from what i have added to these will run around 2K total.... Just my input here guys =)
Sorry man, you have it a little backwards.

A return on an investment means getting all the money back you have in it, plus extra. To make a 12%ish return on that car, you would need to sell it for $5000+.

$3000 would be considered a loss.

I concur with everyone else, Cars are a rotten investment. Almost as bad as comic books and beanie babies.
 

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I agree... Cars on the retail to retial market are a terrible investment. You would have to own a car for at least 50+ years to see even a slightly sizable return. Real Estate is where it's at!

Thomas
 

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if you want to get even more technicle, you would have to include the time value of money.
lets say you buy in 1967 a shelby gt-350 for lets say $4800
lets say you only drive it like 20K and take immaculate care of it you would need to receive $26K for the car today just to break even. so lets say you sell it for ~$40K.
You have only got $14K of profit. this sucks given you held on to the car for 35 years.
if you invested $4800 in 1967 at 10% you would have ~$135K
at 8% = $71K

sorry, i have too much time on my hands today

frank
 

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Lloyd330 said:
so lets say you sell it for ~$40K.
You have only got $14K of profit. this sucks given you held on to the car for 35 years.
if you invested $4800 in 1967 at 10% you would have ~$135K
at 8% = $71K

sorry, i have too much time on my hands today

frank
that is the best post in this thread yet.

I bought an 88 3.8 taurus for $350. was going to be my first car, but it needed a $700 exhaust manifold. sold the engine for $350, sold the car for $350. you can make money on cars, but you usually have to part them out.

Bought my SHO for $1500. $300 in prevent. maint, $200 in tires, and $100 in misc repairs, and I've been offered $3000 for the car.
 

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Re: Re: Investment in a car and possible return

DougMenke said:

Cars are a rotten investment. Almost as bad as comic books and beanie babies.
/QUOTE]
well... i think neanie babies are worse. cause at least cars DO something. -greg
 

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I think if you get a good deal on a car you could profit on it but good deals like that are hard to find. I am driving a 95 escort wagon I paid $800 for. I did some preventative maintnance and fixed all the problems the car had for $300. Thats a total of $1100. I see 95 escort wagons in the paper for $2000+. If I can drive it over the winter and still get $1500 I will be happy. Thats $400 extra in my pocket for the time I spent fixing it plus I had a dependable ride all winter long.

I just picked up a 94 T-bird SC for $825. After all is fixed I plan to have another $800 invested. Another great deal in my eyes. Its all in looking for that great deal. Keep your eyes open.
 

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So thats why i am working in real estate.;)
 
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