Date:         Fri, 2 Feb 2007 16:45:19 -0700
Reply-To:     don spence <dkspence@TELUS.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         don spence <dkspence@TELUS.NET>
Subject:      Re: Total restoration cost!
In-Reply-To:  <20070202192633.37N8QCL9S1@priv-edtnaa03.telusplanet.net>
Content-Type: text/plain; charset=US-ASCII; delsp=yes; format=flowed

And using Dennis' logic re investment... Say you put $50,000.00 into
a Corvette or that Chevy pickup thingy and kept it for 40 years. At
8% you'd have to get $160,000.00 for it just to cover the lost income
on the $50K. Now add storage fees, insurance, maintenance, (it has to
run at the auction) and the assumption you can still buy fuel for it
40 years down the road... well you can see where this is going. At
least with a vanagon, you could live in it if you had to.


On 2-Feb-07, at 12:23 PM, Automatic digest processor wrote:

> Date:    Fri, 2 Feb 2007 08:42:20 -0600
> From:    Jim Felder <felder@KNOLOGY.NET>
> Subject: Re: Total restoration cost!
>
> It seems that way when you watch the auction, but think about how
> many cars you'd have to buy and store before you could guarantee that
> one would hit it big so yo would not lose all your money. Back when
> those cars were made, nobody on any given day could have said "this
> it is, this is the one, there will never be a better one so I'm
> buying this car to keep for an investment." Think about doing that
> today. What would you buy? The choices seem dismal, to me anyway,
> compared to those in the showroom in, say, the late sixties and early
> seventies. Except for the really high-end cars that are always going
> to be worth something to collectors because they were manufactured
> for collectors, where would you put your money for a Barrett Jackson
> payoff in 2047?
>
> Jim