I have been pondering the idea of investing in some classics now and sell them when the market gets back on its feet. Is this something worth doing? I have a love for the cars so i wouldn’t lose interest. Any recommended websites or books on the subject would be great. Thanks.
As a general rule, the ‘collectors’ will not be apt to sell during poor
economical times…they don’t believe people will pay what the car is worth. On the other hand, people will pay premium prices for the car they want…no matter what the economy is doing. The economy will only affect those that dabble, they simply won’t be buying…and probably not selling.
Just my 2 cents…
December 15th, 2009 at 3:00 am
i dont know any books on the idea but it sounds like a good deal people in trouble will be willing to sell there cars really cheap due to the economy
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December 15th, 2009 at 3:40 am
you should find some cars that are cheap because people ned the money, BUT some cars (65 GT Stang, etc.) are just not selling, and the owners arent desperate enough to lose 30K of mods and sell the car for 30K just to street drive it. dont assume that all prices are great because of "the economy". good luck! dont get rooked
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December 15th, 2009 at 4:01 am
Since a car will always be backed buy itself for collatersal for what it is sold for to collecters (Only Show shape cars) time will never change as older cars gain and newer gain value too or stay relatively the same.
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December 15th, 2009 at 4:18 am
As a general rule, the ‘collectors’ will not be apt to sell during poor
economical times…they don’t believe people will pay what the car is worth. On the other hand, people will pay premium prices for the car they want…no matter what the economy is doing. The economy will only affect those that dabble, they simply won’t be buying…and probably not selling.
Just my 2 cents…
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December 15th, 2009 at 5:03 am
Look at the Meachem Auction website. And Barret-Jackson Auctions. Then shop on eBay..
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