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Given the current trend toward worse and worse cars, what’s a good “investment” car? I.e. a car that you think may be worth more tomorrow than today, or at least lose value at a much lower rate. New or used.
Low volume or limited runs seem to do well, especially if not loved at the time. I bought a used Scrambler in ’98, put 100,000+ miles on it and sold it for about what I bought it for after 10 years. I also bought a 2008 Lotus Exige Club Racer new in September 2009 that was manufactured in November of 2007, put 80,000 miles on it and sold it for 25% less than what I paid for it 12 years later.
Maybe an Excursion? Only made for six years, but durable. I’m tempted by some of the newer Dodge stuff, but the quality seems iffy – decals peeling off, interior falling apart, etc… after just a few years. Some of the other special edition muscle car variants, e.g. the “Bullitt” Mustang made a couple years ago?
I’m not sure anything other than ultra rare (expensive already) will increase in value. Us Boomers are nearing “the end” and the next generations probably won’t have the money for optional purchases. The middle of the road fun collectibles today may not have much of a future market. Then also, tastes change. When I was a kid in the ‘60s old Model A and T Fords were the thing. Now it’s classsic muscle cars. Next? Who knows.
Maybe talk to your kids – is a collectible car something they’d cherish as a part of inheritance?
Sorry to be so pessimistic!
sparkey, your comment reminded me of some of the conversations I’ve read on EPA from guys talking about the older farm tractors (and other articles elsewhere) how the older tractors are a bit of a hot commodity right now. It might make sense to have one or two which are on the functional/practical/useful side rather than the ‘show tractors’ and they might become more valuable than a rare sportscar?
Like you said, though, “tastes change” …and then there’s all that .gov restrictions stuff to factor in.
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