Quote:
Originally Posted by tonichristi
Car = $10k
Raby motor = $20k (or more. I don't care enough to check and I will never buy anything from or by him)
Total invested in car = $30k
Cars final value with super special Raby motor = still $10k
Basic math states that Raby rebuilds are a baaaaaaad investment.
I don't care what magical fairy spells he knows; only an idiot would invest that much money in a $10k car.
Someone needs to tell that guy that these aren't $50k cars anymore. Apparently, he didn't get the memo.  |
Here I go, getting sucked into these "interesting threads." Tonichristi, while I cannot argue with anything that you said, the issue is that one can't really enjoy the cars and the hobby and the experience if one looks at it as a pure investment. One has to look at it like a vacation or a new car or boat - not an investment in the S&P 500. If you're going to enjoy the car, track it, and keep it for 20+ years, then it makes perfect sense to invest the $$$ in it. It's the same as if you spent a ton of $$$ on a new kitchen in your house. The returns on that are about 40-50% loss at the time of sale. But the intrinsic "enjoyment" value of the "investment" is key.
For pure investment purposes, yes, you are 100% correct. But for life-enjoyment and investment in one's passion, that doesn't hold here. I would estimate that 95% of my customers are in this latter category.
-Wayne