What cars are collectible?

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Oct 29, 2006 | 11:30 AM

#51

Bilbo-Baggins

6th Gear

Joined: Sep 2002

Posts: 1,284

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From: Middle Earth

So lets see. Todays collectors are collecting cars they could not afford in their youth. A mid '60s to mid '70s car going to a 50 - 60 year old collector.

If I keep my MCS until 2040 maybe it will be worth something to my grandchildren.

Feb 3, 2020 | 03:44 PM

#52

Rebound

3rd Gear

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Joined: Nov 2016

Posts: 222

Likes: 78

Quote:

Originally Posted by ScottRiqui

Buying a car with the hopes that it will appreciate in value is usually a losing proposition. Consider that $5000 placed in conservative investments (9% annual return) in 1966 would be worth about $160,000 today. How many $5000 cars from 1966 are worth $160,000 today? Not many, and no one knew 40 years ago which ones they would be. Plus, there's the cost of storing, maintaining, and insuring a car for 40 years.

I bought a 1971 VW Camper bus for $200 back in 1983. Had I kept that car, it would be worth over $25,000.

doggone it!