Are GT3s an investment?
01-11-2022, 08:55 PM
#31
Never plan on making money, but to not lose money is a pretty fun part of being an enthusiast..... I like cars that are a little more difficult to obtain and hold value more than most.
It is all part of the process, IMO and I actually love all the value threads as I find them very interesting and if I see my favorite cars rising in value it is easier for me to put more miles on the vehicle.
It is all part of the process, IMO and I actually love all the value threads as I find them very interesting and if I see my favorite cars rising in value it is easier for me to put more miles on the vehicle.
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01-12-2022, 03:35 PM
#32
Rennlist Member
... as part of the cash portion of my overall investment portfolio. That is to say, I only expect them to maintain their value, but unlike straight cash or a CD, I get to enjoy them instead of looking at a number on a paper statement. If they happen to go up in value, then that is just a bonus.
For me, I like to buy and experience different cars, then sell for another to have a new experience. I don't really have an issue with the crazy run up in prices, but it makes it difficult to pull the trigger on a car when things are so unpredictable. Also sellers right now are really not enjoyable to deal with as they froth at the thought of how much money they can make and with 30 dealers waiting in the wings to wire $100k+ without even a phone conversation, there is no time for me to get comfortable with the purchase and do my due diligence. I'm just not someone to make rash decisions.
I've tried to shift my perspective to cars I'll keep long term so the price matters less, the "deal" matters less... I can just buy best example, etc. and each time I think I've rationalized one, it just doesn't work out or I just can't pull the trigger. Either the price jumped another $25k overnight or the top of the market example is actually mediocre, just asking top of the market or another car leaks into my brain as a better long term keeper!
Anyhow back to the real topic. Are cars investments? Not for us amateurs. If we are viewing them that way, it's just to make ourselves feel better about buying them.
@switchcars Doug, best podcast yet!
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Robocop305 (01-12-2022)
01-12-2022, 04:12 PM
#33
Rennlist Member
Are cars an investment? Is gambling in a casino an investment? In either, every once in a while you will make money but 99% of the time you will lose money.
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switchcars (01-12-2022)
01-13-2022, 10:19 AM
#34
Rennlist Member
Investment in your own happiness? ABSOLUTELY.
Any other sense of that word? Stop smoking that dope.
Any other sense of that word? Stop smoking that dope.
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SupraSaiyan (01-13-2022)
01-14-2022, 04:33 AM
#35
Rennlist Member
This is a great perspective and one I personally share as well. Which is why I also purchase them with cash and don't finance.
For me, I like to buy and experience different cars, then sell for another to have a new experience. I don't really have an issue with the crazy run up in prices, but it makes it difficult to pull the trigger on a car when things are so unpredictable. Also sellers right now are really not enjoyable to deal with as they froth at the thought of how much money they can make and with 30 dealers waiting in the wings to wire $100k+ without even a phone conversation, there is no time for me to get comfortable with the purchase and do my due diligence. I'm just not someone to make rash decisions.
I've tried to shift my perspective to cars I'll keep long term so the price matters less, the "deal" matters less... I can just buy best example, etc. and each time I think I've rationalized one, it just doesn't work out or I just can't pull the trigger. Either the price jumped another $25k overnight or the top of the market example is actually mediocre, just asking top of the market or another car leaks into my brain as a better long term keeper!
Anyhow back to the real topic. Are cars investments? Not for us amateurs. If we are viewing them that way, it's just to make ourselves feel better about buying them.
@switchcars Doug, best podcast yet!
For me, I like to buy and experience different cars, then sell for another to have a new experience. I don't really have an issue with the crazy run up in prices, but it makes it difficult to pull the trigger on a car when things are so unpredictable. Also sellers right now are really not enjoyable to deal with as they froth at the thought of how much money they can make and with 30 dealers waiting in the wings to wire $100k+ without even a phone conversation, there is no time for me to get comfortable with the purchase and do my due diligence. I'm just not someone to make rash decisions.
I've tried to shift my perspective to cars I'll keep long term so the price matters less, the "deal" matters less... I can just buy best example, etc. and each time I think I've rationalized one, it just doesn't work out or I just can't pull the trigger. Either the price jumped another $25k overnight or the top of the market example is actually mediocre, just asking top of the market or another car leaks into my brain as a better long term keeper!
Anyhow back to the real topic. Are cars investments? Not for us amateurs. If we are viewing them that way, it's just to make ourselves feel better about buying them.
@switchcars Doug, best podcast yet!
Another way to think about it? It's like a country club membership, with a large buy in fee, but practically free afterward.
Last edited by samwise; 01-14-2022 at 12:42 PM.
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Robocop305 (01-14-2022)
01-14-2022, 01:09 PM
#36
That's about right, horrible risk adjusted return so if high rate of return is what you want, this is not it. I wouldn't say it's like cash position... more like TIPS... I'm basically parking money here, it's more or less inflation proof, with the added benefit of a big dose of fun.
Another way to think about it? It's like a country club membership, with a large buy in fee, but practically free afterward.
Another way to think about it? It's like a country club membership, with a large buy in fee, but practically free afterward.
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Robocop305 (04-25-2022)