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Sell car or keep as an investment?

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Sell car or keep as an investment?

Old 06-14-2014, 04:43 AM
  #21  
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Sell. It will never be a collectible in the vain of 50's & 60's era Corvettes, or anything pre WWI.
There are only a handful of modern cars that will ever appreciate, and most are low volume exotics - the only exception is the 1990's Toyota Supra's that have a cult following.
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Old 06-14-2014, 05:04 AM
  #22  
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It may have low miles and be in great shape but it sure is ugly. Unload it!
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Old 06-14-2014, 05:22 AM
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They made a limited edition in 97 and it is only marginally collectable as I have seen it sell for 3K.

Issues with the car:

Replacement parts are EXPENSIVE.

Center taillight $1500
Tail Light Ballest (It is florescent) $600
Head lights $1500 each (No longer made)

Nice car, fast, great fuel millage (27+) rides nice. I have owned 3 and my dad still has 2.
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Old 06-14-2014, 05:43 AM
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Your kidding?
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Old 06-14-2014, 06:06 AM
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Sell it or drive it. The future collector's value is unlikely to be worth the cost of long-term storage.

You want a car to store- your Camaro would be a better choice. Look at what's popular in classic cars today- muscle cars and the bigger the original engine the more valuable- by far. "Luxury" cars with ho-hum engines- not so much. That will likely be true in the future as well.
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Old 06-14-2014, 06:18 AM
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Take the $8K and give the $2K profit to the old lady you bought the car from.

That's that kind of shit that keeps on giving.
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Old 06-14-2014, 06:26 AM
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Originally Posted by LI32 View Post
Sell. It will never be a collectible in the vain of 50's & 60's era Corvettes, or anything pre WWI.
There are only a handful of modern cars that will ever appreciate, and most are low volume exotics - the only exception is the 1990's Toyota Supra's that have a cult following.
1987 Buick Grand National, early 90s Syclone and Typhoon are two domestics that are worthy as investments. This car- no.
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Old 06-14-2014, 06:29 AM
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Sell that SOB... Hell I loved the Caddy STS's I had, but I could never see buying one to sit on... I've been told I'm stupid to sell my Porsche, and maybe I am. They are selling for about $3000 more this year than they were last year. But that's not why I have it, I have it to play with, now I want something else to play with(no idea what)...

I have been buying stuff to resell since I was in 8th grade, initially for side money, and I loved tinkering with anything that had a motor. You know what I do and what I sell, if I'm buying one of those machines for inventory, I won't pay more than 1/2 what I think I will get for it. Period. I'll broker it, but I'm not owning it if I can't do that.

Hell, say the things sitting in the garage and mice get to it... Your $6000 just went to $2000, not worth fixing... SELL IT ASAP
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Old 06-14-2014, 06:31 AM
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Originally Posted by kevincook View Post
Take the money. It is not a particularly attractive car and I can't see it ever becoming a classic.
This
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Old 06-14-2014, 07:12 AM
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sell it. the new oem tires you put on it will be dry rotted in ten years. So will all the hoses, belts, seals all of it. we had a fellow trade in an old 60 models lincoln thought the same thing. everything was rotten on it, it was beatiful but worth more as scrap.
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Old 06-14-2014, 07:15 AM
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Sell it. I love cars but this one does nothing.....nothing for me. It will cost more to store and upkeep than you will make in the long run.
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Old 06-14-2014, 08:27 AM
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If you are so in love with it that you want to keep it and drive it with no real concern on future value or holding it as an investment... Drive the wheels off of it.

I would not store it/baby it/ not drive it with the hopes of it appreciating because of the reasons others have mentioned.

I wouldn't have bought that car, but if I did buy something and *arguably* paid at the top end of what is worth then had someone offer me 2gs more, money would already be in the bank for me.
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Old 06-14-2014, 09:11 AM
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Put a set of these wheels on it, and sell it in the "right hood" for 25k

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Old 06-14-2014, 09:16 AM
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Sell! Sell! Sell!
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Old 06-14-2014, 09:23 AM
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Originally Posted by pau-hana View Post
1987 Buick Grand National, early 90s Syclone and Typhoon are two domestics that are worthy as investments. This car- no.
X2 on the Grand National- bad ass ride.
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Old 06-14-2014, 10:55 AM
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Originally Posted by Seefood Man View Post
Put a set of these wheels on it, and sell it in the "right hood" for 25k

What he said
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Old 06-14-2014, 11:13 AM
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Sell it right now.
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Old 06-14-2014, 11:26 AM
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Since I don't know who else to ask I'm hoping to get some accurate advice from THT members. What say you?

Russ
Instead of that retarded car plan. . You should look into getting a finance planner.

I started out with $10k 30yrs ago now I'm worth $1.2mil.

Take the money and RUN !!
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Old 06-14-2014, 01:22 PM
  #39  
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If you don't want to drive it, then sell. I would try and get more than 8 for it though.
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Old 06-14-2014, 01:24 PM
  #40  
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I am going to drive it until fall and then sell it unless the $8K offer has a time limit. I'm having a hard time finding a set of original wheels. The rims on it niw are DUB spinners but I removed the spinners. I have a guy that wants to buy the wheels and tires for $1,200 so thats even more profit depending on how much a new set of OEM wheels cost.

Thanks for the comments you guys convinced me the best thing to do is unload it before something goes wrong.
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