12-24-2023, 08:06 AM | #15 |
Drives: Hyper Blue 2016 2SS 6M Join Date: Sep 2017
Location: North Ga
Posts: 1,787
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Regarding cars as investments, here's my experience. I was a Ford guy in my younger years. I specialized in '69 - '70 Mustangs and owned all of the desirable versions including boss 302 & 429s and Cobra jet Mach 1s. I got out of the Mustang business when life - wife, kids, job, etc got in the way. I did keep one car though, a '69 Boss 429 that I had around $25k into. I originally purchased this car in '79. According to Google, the dow has returned 8.9% since its inception. My 25k in '79 would now be worth just under one million today.
If we're talking Mustangs, unless a car has a racing pedigree, a Boss 429 is about as good as it gets value wise and it still did not prove to be a good investment. Admittedly, a ZL1or Baldwin/nickey/Yenko , Camaro in perfect condition could possibly bring seven figures, but the vast majority of cars in this category would not have come close to matching a good index fund.
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2016 Hyper Blue 2SS/6m/MRC/NPP/Silver Rally stripes/ZL1 wheels & brakes/GForce DS and axles/ZLE Cradle Bushings/FE4 ARB front & rear/SEMA Grill/Rotofab dry/95mm TB/Magnuson 2300/Full LT4 fuel system/JMS boost-a-pump/E85 Sensor/Ported CID heads from LME/Cammotion PD cam/Thompson Motorsports forged shortblock/catted Kooks 1 7/8 headers /JRE remote tuned |
12-24-2023, 12:12 PM | #16 | |
Drives: 2023 ZL1 Join Date: May 2022
Location: Texas
Posts: 115
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Quote:
And my point was not that it's a classic already, just that convertibles are typically worth more. (I sold my 2018 Mustang GT Convertible last year for almost what I paid for it new.)
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2023 ZL1 A10 Convertible (copper-free brakes)
________________________________ 1973 Triumph GT6 2018 Mustang GT Convertible 2009 Viper Roadster 1970 Olds Cutlass Supreme Convertible 1967 Chevelle SS396 Convertible 2013 Corvette 427 Convertible 1965 Mustang Fastback (Shelby GT350 clone) 1969 Camaro RS/SS 350 Convertible 1967 Mustang Fastback 289 'HiPo' 2005 Viper SRT-10 Roadster 2003 Corvette Coupe 2001 BMW E46 M3 Coupe Last edited by #8ZL1Man; 12-24-2023 at 12:32 PM. |
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