Barrett-Jackson 2019...the s2000 hits the big time

Reply Subscribe

Thread Tools

02-11-2019, 08:08 AM

#31

white98ls

Join Date: Jan 2013

Posts: 1,137

Likes: 26

Received 100 Likes on 73 Posts

Quote:

Originally Posted by vader1

The new MSRP was about $34,500 if I remember correctly (and I am probably off) at 8% average in the market from 2001 to 2018 would have yielded $127,600. You'd have to pay 15% capital gains on that money, but you'd still end up with way more money than bubble wrapping your new car. You would also need to spend money to insure, minimally maintain, and license that car over that period. The seller, if they were the original purchaser, did not make much money. They could have made about as much putting it into a bank CD.

Also have to store it somewhere safe and protected. Which means a garage space taken up by a car you don't drive for 15 years. Or in my case, I have more cars than garage spaces so I rent a neighbor's garage spot for $100/mo (which is a steal).

About the only cars that are worth it for investments are the megabuck classics (think Ferrari 250 GTO, McLaren F1), and handful of cars we didn't appreciate the specialness of at the time ('05 Ford GT, Carrera GT), or the new cars that then resell for a premium (911 R, the hypercars, GT350R, GT4 when it was new, etc.). And all of those cars are valuable enough that you can at least drive them a few thousand miles before selling and still turn a profit. Cars that you sell for 50% more after not driving it for 15 years are not real "investment" (well, at least not good ones).