Is this a Problem?

[Dannybryce]

Okay so I have been rather indesisive as of late on what car I wanted. I thought about going for something more "reasonable" but I kept in the back of the my mind looking at the '05 Stang. Well now the car has started haunting my dreeams. Now I'm in trouble, because I am thinking about throwing reason out the window. Maybe that will finally get the stang out of my dreams

 

[Dark_Angel_Dawn]

I fall into the category that if you are going to make an investment (and can afford to do so) then you should find something that you like. Chances are the car is going to be around for quite some time in your driveway/garage, might as well enjoy it.

 

[30AnnivStang]

lol, a car is NOT and investment, it's a necessary expense.

 

[70snake]

lol, a car is NOT and investment, it's a necessary expense.

I agree that you should like and enjoy the car you choose, regardless of what you pay; but to say that a car IS NOT an investment is misleading. What crystal ball do you use to determine what it will be worth 5-10-20 years from now?? Are you saying my 70 shelby GT500 which I purchased for 3600.00 was not a good investment??

 

[TheEvII]

Are you saying my 70 shelby GT500 which I purchased for 3600.00 was not a good investment??

Do you still have the car?

 

[70snake]

Do you still have the car?

Absolutely

 

[spectravp]

Absolutely

Then, yes, good investment.

But, 99% of all car buyers these days turn them over in 3-5 years. Taking that into consideration, a car purchase is an expense, not an investment. Very few vehicle go up in value in the short term. I think that is what the other forum member is saying.

In fact, very few vehicles go up in value in the long term. The Ford GT is going for 50-100k more than sticker right now. Chances are it will drop to MSRP in 6 months. I doubt it will go back up 50-100k in the next 10-15 years. So, even the Ford GT isn't money in the bank.

 

[jmk97GT]

You have to remember that back around 1970 there were a lot fewer produced. You cant say that a 2005 GT will ever be worth more than what was paid for it. Especially in the numbers its being produced

 

[70snake]

I agree that most buyers these days buy/trade every 3-5 years( which I personally think is stupid- but it's not my money ). I feel you dont break "even" on a car unless you've had it 10 years.
I just felt the original statement of "cars not being an investment" was a bit too vague. I can't tell you how many times i've bought low and sold high because people felt it was "just an old car". investment in autos is tricky at best, but there's a reason many sellers smile at the big auctions, after all, those inflated values do trickle down to and affect our Mustangs value, although not to as great a degree. Will my 05 G.T. be worth more than I paid for it in 20 years? highly unlikely. As for the FORD GT, I feel hype and speculation before it's release ruined any chance of it becoming a valid investment. Look at what happened to the poor 70 Plymouth Superbird, no hype from the press, dealers couldnt give them away, some even removed the wings and nose cone! Try to buy one for 2699.00 (spring '71 price) now

 

[30AnnivStang]

Ok, I stand corrected. you cannot purchase a car and expect a ROI. Very few cars will EVER appreciate. But I did buy a 1988 s10 in 1995 for 2500bucks and sold it in 1997 for 2600bucks. but i did not buy it with the intent of EVER making a profit.

 

[70snake]

Could you send me the name of the guy that bought your old S10, I've gota really nice Pinto for him!