4th Oct 2018, 12:12
Good idea. Which models will be worth 3x what I paid for them? I want to buy one now.
4th Oct 2018, 20:04
Mopars, Cuda, first gen Challenger, RT Charger, Super Bee, C2 Corvettes, first gen Camaro SS, Z/28, and Ford late 60s Mustang Fastbacks.
Many of the above owned by myself and family members purchased often in the 80s. $3500-10,000 range. Many tripled by 2000. Now went up more than that. The secret wasn’t a check. It was always carrying around a grand cash on your person and making offers on our travels. You never know what you will see. And being ready to pounce on a car. I found even trailer parks as a source. Giving a deposit immediately. Now the numbers are higher, but it’s very possible today. Just takes a car with collector appeal and waiting for the right moment to sell. Many cars today will only be transportation and disposable. Nothing wrong with that. But there is opportunity. Best is finding one you love driving and selling down the road. A hefty restoration cost can be a money pit still. Best to get advice from other collectors or club members. What to look out for. What is a fair offer as well. Good luck.
3rd Oct 2018, 18:16
Great explanation on buying the “right cars”. Taking it a step further, buying very desirable models that really appreciate is also a real rush. And even taking into account maintenance, insurance etc, you get it back when you sell. Plus the joy of ownership, use and even cruises /shows. This takes some knowledge and experience to learn what to buy and what to avoid. Cars may seem cheap to buy, but can be money pits in the end. It’s really good to even wait to buy a nice example. I have restored some I liked, but others did not see appeal in them. All my own labor was a giveaway. Don’t do that today. I would rather have gained 3 times the value vs lose it over time.