Market Values

[69hurstolds]

I've made more money in the stock market than I ever did dlcking around buying and selling cars. If you bought 10K in Walmart shares back in March of 2009 at the bottom of the last crash, you'd be valued at about 25K+ today. And almost 60% of your initial value returned just in dividends and not reinvesting the dividends. That's over 15K potential profit in 11 years. By doing nothing. No maintenance, storage fees, or insurance like you'd have to do with a car. And you could sell all of it in a matter of seconds with a few clicks of a mouse. Can't do that with a car. Not saying there isn't those nuggets out there that once in a blue moon may turn up valuable, but then you have to keep your car for a LONG time with no guarantee it will be worth anything close to what you hoped for.

You can buy a lot of low mile cars for cheap. But if you want a particular body style and it's getting ridiculous...you got to pay. Always keep your eyes peeled though. Never know when you will run across a deal.

Another 11 year journey comes to mind. Only on the flip side. Too bad you didn't want a 4th gen had I kept it. I sold my 2002 Camaro SS (hard top with 37+K miles) that I ordered new. Sold it back in 2013 for my asking price- $11,500. MSRP was around $34k. Most of the folks selling SS's were asking 15 and up for worse. Imagine why it only took an extremely short time to sell? Probably the nicest example for $11,500 you'd ever find. With all the documentation, stock parts and Helm manuals to go with it. Someone got lucky. And I got what I asked for.

 

[pontiacgp]

I don't "Recall" saying GNX lol However i have seen 2 in my lifetime sell for 10k each, one in FL back in the early 90s and Dennis Kirban purchased on for 10K and sold it for 15K in one week....apparently from the responses here, that's not an investment 😆

that is being in the right place at the right time and an anomaly....if it was as sure as that then everyone would be doing it. House flipping would be on Mondays at 8 pm and Auto flipping would be on right after it.

 

[blk7gxn]

Even if I have to pay $15K for a 50,000 mile original paint car I’ll be feeling good about it. I wouldn’t mind getting the same car for $12k though. A lot of nice looking cars on some of the consignment sales sites. I just don’t trust an online salesman as far as I can throw a 10 ton banana.

Agree totally! There is nothing like seeing the car in person, yes it may be inconvenient or time consuming to travel to the location, but it's a lot better than purchasing the vehicle and regretting it for years to come. Was at Carlisle national show a few years back, and seen a BEAUTIFUL 83 H/O for sale 15K...looked underneath, the frame rails were all bondoed in, inner rockers GONE...WOW...i though, someone was going to be screwed if they sold that car site unseen on the web :/

 

[500/600]

If you bought a GNX for $25K in 1987 and sold it for $100K in 2019, you would have lost your a$$ by comparison to what could have been made in the stock market even if you have invested conservatively.

 

[81cutlass]

I don't think the sub $20K market will get hit that hard but the $40-$150k market will get hammered in my opinion. The 5 year old lambo, aston martins, 15 year old Ferrari, 60's "rare" musclecar stuff that are garage queens, ect.

My rough opinion is that a lot of people with sub $20K cars are into them as 'car people'. They like to have them, don't owe anything on them, do most of the work themselves.

A good percentage of people with more expensive cars are more likely to owe money on them OR use them as fun or a status symbol. If you own a 2012 $80k aston and own a chain of restaurants and they are all closed, you are probably going to dump the car to pay your business expenses. If you have a $800 a month payment on your 14 vette, you might sell that.

If you have a $4000 decent ish Trans am GTA you don't owe money on it and its not worth that much to get rid of.

Getting a deal on a $55k dollar 15 year old ferrari instead of paying $80k but don't expect to pay $8k instead of $14k on a 87 GN.

 

[Pc3]

I never saw a Real GNX sell for less than 50 k ever! When I bought my 87regal T right off the showroom floor there was a GNX next to it Dealer mark up. 55 k

 

[500/600]

I drove 2500 miles total looking at 3 cars prior to buying my Magnum SRT8. Descriptions were a joke and I was being picky and those cars were only 3 years old at the time. Now think about 30 year old cars.

 

[500/600]

I never saw a Real GNX sell for less than 50 k ever! When I bought my 87regal T right off the showroom floor there was a GNX next to it Dealer mark up. 55 k

I doubt it sold for $30K. If anyone paid $55K then the joke was on them. Any that I ever saw for sale in the ‘90s or early 2000’s were $30K or less.

 

[blk7gxn]

that is being in the right place at the right time and an anomaly....if it was as sure as that then everyone would be doing it. House flipping would be on Mondays at 8 pm and Auto flipping would be on right after it.

I truly respect your ideas about this, but disagree. There is BIG monies in the automotive collecting arena, and you ask ANY collector, they will refer to their purchases and collection as their investment. I can speak for myself on this one.

 

[blk7gxn]

If you bought a GNX for $25K in 1987 and sold it for $100K in 2019, you would have lost your a$$ by comparison to what could have been made in the stock market even if you have invested conservatively.

Now your talking net gains comparisons lol, a profit is a profit is a profit, weather its a dollar or a million...why the h*ll is everyone picking on me today 😆