Models in limited runs, any value down the line? (muscle car, vehicles, manual transmission)
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I'm curious if there is any value in picking up a rare , limited run vehicle?
The Isuzu vehicross , Lexus is 300 wagon, original M3, ss454 to name a few. There are some gems out there going for a good price, timing is everything for a deal.
25 years down the line, when it has enough age to be a classic, will those buyers be there?
I'm curious if there is any value in picking up a rare , limited run vehicle?
The Isuzu vehicross , Lexus is 300 wagon, original M3, ss454 to name a few. There are some gems out there going for a good price, timing is everything for a deal.
25 years down the line, when it has enough age to be a classic, will those buyers be there?
Well the E30 M3 has gone from about $15-20K for a good example as of say 5 years ago, to about $40K or more. Only about 5000 cars were imported to the US, many were wrecked, just used up as "just cars", or turned into track rats. I would guess there are less than 1000 "no stories" cars left. One is in my garage.
The other E30 cars have gone up in prices too, again many 325i cars were just "used up", driven on salted roads and rusted, wrecked, whatever. Hard to find a good one, and if you want one, they are up around $15K. Is this the next E30 M3? I doubt it but can't be sure.
The SS 454 cars are just one example of muscle car. Some of these have done better than others. "King of the Hill" engine + manual transmission = highest prices. Convertibles bring higher prices, as most people are going to buy such cars only for good weather drives, so as the top goes down, the price goes up. Most late 60's to about 1972 Detroit cars, even Impalas and Galaxie 500s, are bringing good money. If you find a good car that has not been hit or rusted, any issue under the hood is eminently fixable, up to and including crate engines and transmissions (although, watch it, if you replace a non-running engine with matching block numbers with a ZZ-4 for example, while the car will now run and run strong, you have hurt the collector's value a lot. Best to rebuild what is there.)
It's hard to say what models will become collectable. For example old VW Microbus, particularly the 21 window models, have gone way up in price, even though they are quite slow and not very dynamic to drive. I don't know as much about the Evolution Mitsubishi cars, but I am not aware of any big uptick in prices. But they can be quite fast and a blast to drive.
Collector car prices are a bit like collector gun prices - sometimes the stuff that brings the big money is not, technically, the best item of it's type and period. For example Marlin lever actions say before 1950 and earlier, bring less money than equivalent Winchesters, even though the Marlins are a much stronger action, and typically shoot more accurately. Of course most collectors are not shooters, and many car collectors are not really drivers either.
Always believed that was modeled after the Fiat X1-9 which I was very happy with. I recently bought another, for next to nothing, hoping to turn it into a dune buggy. Alas, it has unibody construction.
The X1-9 certainly failed to become a real collectors item based on the prices I seen.
I'm kind of a car guy but there are pitfalls with cars as investments:
1) maintenance
2) easy to buy something with issues....like somebody swapped the engine out so numbers do not match or body or frame damage
3) prices crash during recessions
4) cars require a lot of room
5) hard to know what will hold up though certain brands are a much better bet than others. I would also "guess" that insurers may be inclined to hammer a collectible.
Sure wish I had hung unto my '69 Dodge Super Bee of course. With wings, it would have flown.
Sometimes. A pontiac G8 GXP sells for at least the saem amount as it cost new, and if it has low miles then for maybe 410 k to !5K over. You have to get lucky though and you wont get rich. Better to go with the S & P 500
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