Quote:
Originally Posted by PropellerHead
Unfortunately some view the used car market as investment potential. That is actually what kills the value. Look what happened to the muscle car 'bubble'. Cars were desireable for a generation who grew up with them and supply was declining while demand was increasing. Then, people started paying stupid money for high production number cars and restoring cars from the scrap yards for a profit. As a result - the market was diluted with 'nice' cars and only the rare and pristine cars command a significant premium over run-of-the-mill examples.
The best way to buy a car is to find one you love and search out a nice example to enjoy and drive. Maintain it and it will maintain value and perhaps appreciate if the average cars continue to decline in condition.
Buying a car with an expectation of appreciation due to a 'general market' is counter to their purpose in life. Buy them to drive (what they were made for) and get your value out of the car with the enjoyment of USING it. If it somehow improves in value while you are using it - that is a real dividend!
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+1
I drive my car everyday, even though I have a spare care that goes unused that I could drive instead. But then I'd always feel like "Man, I wish I that was driving my 911 instead!"