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BMW 3-Series (E90 E92) Forum
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Cars that are Investments
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08-31-2015, 08:21 PM | #23 |
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I've owned 2 m3 E30s
In both cases I made money on the cars And their prices are still going up, so it's not too late to jump on You get a kick ass car, truly one of a kind Enjoy it for a few years And sell it for a profit Can't think of better options out there But you better jump on soon, because their prices are climbing a lot more now Soon enough the minimum required to get a good one will be over 50K
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08-31-2015, 08:26 PM | #24 |
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08-31-2015, 08:29 PM | #25 |
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For affordable cars that may make a few bucks - gotta start thinking 80's and 90's
Pontiac Fiero - 88 GT Ford Mustang - 93 SVT, 84 SVO Buick Grand National GNX Olds Hurst (3 shifter ones) Some of those early 80's muscle(less) cars from GM (CamaroZ28/TransAm) Just my opinion
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08-31-2015, 08:33 PM | #26 |
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08-31-2015, 08:48 PM | #27 |
#buildnotbought
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For guys like me that's much more interesting. Most cars listed here are unaffordable for me anyway
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08-31-2015, 10:03 PM | #29 |
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This is on-topic and belongs in the general car forum, not here in off-topic!
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08-31-2015, 10:53 PM | #30 |
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Unless you have like a $20m+ net worth with a ton of real investments like stock, investing in cars is just a stupid idea. You will lose money 99.9% of the time. Cars aren't an investment except in special situations and even then there is tremendous risk.
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09-01-2015, 08:47 AM | #32 |
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Even the previous Ford GT's, after 10 years are selling for around double their MSRP (then you have to have paid MSRP) if they have extremely low miles. So without factoring in insurance, maintenance, and repairs and if you almost never drove it (to me why have a car I can't or won't drive) and they averaged about 8% a year. Decent return but not a home run and this is only without figuring in all of the other costs.
If it makes you feel good call it an investment but you better get extra enjoyment out of it or it is a waste of time and money.
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09-01-2015, 09:23 AM | #33 |
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Investment? Non with new a cars. Few with old cars.
Collectibles? Many specially cars in good shape from the 70s and 80s. Like a 2002 BMW, or a SL MB coupe. An investment is something you put money into and will give you a profit when you sell it. In the automotive industry I don't think it happens very often. Maybe on a very rare Ferrari like an Enzo owned by Enzo Ferrari?!, or a very good maintained MB or BMW or Porsche or Alfa or....And needs to be all original and at least 30 or 40 years old. Other than something like that it's very rare that you make money out of it. Are there people living out of it? Sure there are. Just watch the Mecum auctions, Barret Jackson, Sotheby's, Concours d'legance auctions, Christies and so on. It needs to be a unicorn which would be like a needle in a haystack and you need to have a bunch of money to play around with. |
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09-01-2015, 09:35 AM | #34 | |
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I know a guy that bought the 1M, did European delivery, owned it for 2 years and sold it for a profit. It wasn't his primary car so it had low KMs. The experience he had owning that car and the memories was a great investment in life experience, the profit just made a better story to tell years from now. A friend bought a GT4, he plans to sell it if the right offer comes along if not enjoy it for a while as a weekend car/garage queen. He already has offers from 10-15k just for his allocation. There is a bit of a Porsche bubble, most of the GT3s have held their value well or gone up in value. Special models have gone up in value. For BMWs, E30 M3s, S54 M Coupe/Roadsters, 1M, Z8, have all done great.
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09-01-2015, 10:56 AM | #35 | |
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sure beats a piece of paper
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09-01-2015, 02:30 PM | #36 |
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A 1962 Ferrari 250 GTO might have been a good investment decades ago for anyone who has purchased one. I think the most recent one sold for $35m in 2011.
http://www.elitetraveler.com/feature...-ever-built/16 This is a rare exception, but your statement is not 100% true....period. |
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09-01-2015, 07:29 PM | #37 | |
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09-04-2015, 07:33 PM | #38 | |
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All the best.
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09-05-2015, 10:45 AM | #39 |
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15 year old civics
buy for $1000 drive for 2 years, spend $100 a month on gas, another $100 a month on insurance sell for $1000 That's probably the closest you'll get to a car "investment" |
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09-05-2015, 05:02 PM | #40 |
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I think some of you have lost touch with reality, or maybe I just see cars differently. It seems most of you are thinking about pristine cars. I would look at fix-er-uppers. I see a lot more possibility for profit if you save on the initial purchase price. In an investment situation you're not (or shouldn't be) concerned about cost of ownership because you won't be driving the car. It's a project for profit only and that is how you must look at it.
I said it in one of the other recent threads of this type, you also want to look at the number of people who have disposable income to spend on your profit project. The more reasonable the selling price, the more potential buyers, which means the faster the sale and the faster you can move on to the next project ... you don't want to tie money up for too long. Bearing that in mind, your $100K + cars are not a good choice. Even cars that are $50K are not a wise choice. I would say something in that sub $30K is where the greatest market share lies. And that means the cars you should be looking for to fix up should be half that or less. And from what I've been told, one way to mitigate the losses from holding onto the cars is to create a museum. IIRC there is something in the tax code that allows for depreciation (more than business use). |
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09-06-2015, 09:41 PM | #42 |
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yea, i was taking a look at 355's because a nice one could be had for about $50k around here, but there is a reason for that- the ridiculous maintenance costs and procedures that keep you from enjoying the car. decided against it.
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