Investing in cars.
#3
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The problem is that you have to have someone act as custodian of the asset, and you cannot take constructive receipt of it. Theoretically if you could find a bank trust dept to sign on as custodian you could make it work, but you wouldn't be able to drive the car. Some years ago a company put together a limited partnership structured for retirement plan $, where they sought to raise a bunch of $ and then buy a collection of rare cars; each investor would own their relative slice of each car. At some point the goal was to then sell them all off at auction and return the $ to the investors, after the organizers took their share of the proceeds. I never followed up on it to see if they were successful in raising the $, but I would think it would have beaten the stock market !!
You can do this for tangible assets like real estate, oil &gas wells, etc; there is no reason it can't be done with cars.
You can do this for tangible assets like real estate, oil &gas wells, etc; there is no reason it can't be done with cars.
Last edited by Last930; 01-22-2016 at 12:54 PM. Reason: Speling
#4
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Thanks for the detailed response. I didn't think it would be possible without some crazy finagling. It's not a bad thing these days to be a little curious and informed about financial matters.
#5
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No offense to the OP. I have seen this question pop up quite a bit around the popular Porsche forums these days. My first thought is this... when this question starts to pop up more and more its time to liquidate. When people start talking about collector cars as an asset class its time to figure out how to short them.
Collateral Default Swaps on collector cars? Anyone want to make me a market in one?
Collateral Default Swaps on collector cars? Anyone want to make me a market in one?
#6
Instructor
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Exactly right!!!! problem is once everybody is talking its usually too late. All the same cars are still for sale, nothing moving...Lamborghini contact for 700k, i mean does anyone actually think that these prices are real or can last???
Kinda funny how Jerry Seinfeld is consigning 17 of his collector 911s at upcoming auctions.........
Kinda funny how Jerry Seinfeld is consigning 17 of his collector 911s at upcoming auctions.........
#7
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Not that Seinfeld is the barometer for the market and I don't know how astute a collector he is other than he owns some pretty rare Porsche's .... he is a seller and he clearly does not need to raise cash. What's that say?
When any asset has rallied several hundred percent in such a short period of time its usually a due for a pull back.
When any asset has rallied several hundred percent in such a short period of time its usually a due for a pull back.
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#8
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No offense to the OP. I have seen this question pop up quite a bit around the popular Porsche forums these days. My first thought is this... when this question starts to pop up more and more its time to liquidate. When people start talking about collector cars as an asset class its time to figure out how to short them.
Collateral Default Swaps on collector cars? Anyone want to make me a market in one?
Collateral Default Swaps on collector cars? Anyone want to make me a market in one?
#9
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Just remember why we have these cars: Because they are way cool!
Not because they cost x or y or will be worth x or y later.
Because we need to enjoy stuff. And it is something we choose to spend some dough on.
Not because they cost x or y or will be worth x or y later.
Because we need to enjoy stuff. And it is something we choose to spend some dough on.
#10
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Agreed. ![thumbup](https://rennlist.com/forums/graemlins/thumbup.gif)
Whether it's worth $50k or $200k, if you're not selling what does it matter?
Vehicle equity still doesn't pay for repairing an oil leak.![Big Grin](https://rennlist.com/forums/images/smilies/biggrin.gif)
By the way, what's driving the recent spike of 930 prices? The past 2 years has been considerable.
![thumbup](https://rennlist.com/forums/graemlins/thumbup.gif)
Whether it's worth $50k or $200k, if you're not selling what does it matter?
Vehicle equity still doesn't pay for repairing an oil leak.
![Big Grin](https://rennlist.com/forums/images/smilies/biggrin.gif)
By the way, what's driving the recent spike of 930 prices? The past 2 years has been considerable.