[DeTomaso] Panteras for sale

F&D Terry gt5s at bcpl.net
Wed May 16 22:52:01 EDT 2007


You can't be serious. You mean you would actually declare a gain from 
the sale of a car? You must be one of those guys that buys on the high 
side of the curve.

Fred T.

Christopher Kimball wrote:

> True--the stock market has been a far better long-term investment than 
> cars, gold, real-estate and a host of others.
>
> If you bought a car 40 years ago for $5,000 and sold it today for 
> $200,000 you made less than 10% annual rate of return--and that's 
> before taxes. You'd owe almost $30K in taxes, bringing the real rate 
> of return to just over 9%.
>
> Of course, you can't enjoy a wonderful drive to your local car show in 
> a diversified mutual fund portfolio, either, and that's the point; 
> cars have an inherent worth beyond money. I stopped at the shop to see 
> how my '72 is progressing and I was wowed all over again with how 
> beautiful that thing is!
>
> It should be ready to drive next week.
>
> Chris
>
>
>> From: gow2 at rc-tech.net
>> To: detomaso at realbig.com
>> Subject: Re: [DeTomaso] Panteras for sale
>> Date: Wed, 16 May 2007 13:27:23 -0000 (GMT)
>>
>> I don't see cars ever doing better then the stock market as a group. 
>> As a
>> long term stock market investment you ride the highs with the lows 
>> but its
>> long term track record is actually good. Anything short term doesn't 
>> mean
>> anything.
>>
>> As for cars, cars kept new and perfect don't bring enough value to do 
>> that
>> over the stock market. For instance at one auction last year an early
>> vette with 100 miles with the plastic still over the seats went in the
>> $20's. If he doubled his money would that even have been enough to store
>> the car for 35+ years? I did not even keep up with the current prices of
>> vettes.
>>
>> The guys that make money with cars buy the right cars at the right time
>> and sell them at the right time. Any of us could have bought a Hemi Cuda
>> 35 years ago if we knew that was the one.
>>
>> At the same time people say that publicity ruined the muscle car market
>> that you cannot buy them any more. Well I don't think that is true 
>> either.
>> Sure you can't afford the original hemi Cuda but there were a lot of 
>> other
>> cars. With everyone bidding on the handful of Cudas sure the price 
>> will go
>> through the roof.
>>
>> I went to the drag races this past weekend. It was interesting to see
>> about 80% of the cars were old 60-70’s muscle cars. They were not
>> specifically high dollar rare versions and many cars you had forgotten
>> about. All of them were quite neat with every bit the pizzaz the high
>> dollar muscle cars have.
>>
>> This meant several things to me. First, while the Cuda and 429 Cobra Jet
>> mustang may be too valuable to run, race or to even own, there are many
>> cars still out there at quite reasonable prices if that is your thing.
>>
>> Second, the lack of ricers and modern cars really showed how the those
>> cars were the “Originals” and still the pashion today. The 1969 Mustang,
>> the 1957 Chevy, the 32 Ford, the Model “T” (still many thousands out
>> there) as well as many pre 1980 cars are what I would call the
>> “Originals”. The 2007 Mustang is not an “Original” and little if nothing
>> today will ever be considered with the same regard.
>>
>> Why are the “originals” so important? They defined us coming into modern
>> times. Not that long ago cars were buggies with a single cylinder engine
>> and a tiller:
>>
>> http://www.rc-tech.net/cars/olds.jpg
>>
>> everyone yelled “Get A HORSE!”. That was not that long ago. Now cars are
>> not that much different then a disposable cell phone. Hey this one looks
>> like one of the original Mustangs. Hey this one looks like an original
>> Dodge charger......But they will never be the originals and are as
>> disposable as anything from Best Buy!
>>
>> Valuable? Make money? Yes for a gambling man; buy a car under valued 
>> here,
>> ride the wave, sell it before the bottom falls out. Good investment? Not
>> for me. I pick the car as the bottom is falling out. Restoration,
>> maintenance, near impossible to make money unless the focus is on 
>> turning
>> them around in short order with a keen idea of what the market is doing.
>> It takes too much money over time to keep a car maintained.
>>
>> As far as the “Originals” I even noticed many off the wall cars from the
>> 50’s and 60’s which were not particularly desirable or classic go for 
>> LOTS
>> of money when well restored. Why? It’s style, its chrome and everything
>> about it is not and will never again be reproduced!
>>
>> Gary
>> 1905
>> 1280
>>
>>
>>
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