Old car investment

[juan ruiz]

I have a customer that wants to purchase an old car, 60s, convertible, stick or auto, no particular brand but he likes the mustangs and vetts, budget around 80k to 100k, he plans to keep the car for 2-3 years then take it outside USA to sell it. My question is, which cars you feel are the most desirable under those guidelines and circumstances. Appreciate your help.

[Nickshu]

Tough to say what the market is outside the USA where he plans to sell it. That should be the determining factor if it's being looked at as an "investment". In the USA the 60's muscle car market has been in decline over the past few years as far as values.

[john70t]

Originally Posted by Nickshu

In the USA the 60's muscle car market has been in decline over the past few years as far as values.

The other 'arts' such as paintings keep going up and up into the stupidwealthyoldmoney range over time. Some would say it's a way of hedging fraudulent holdings against insurance companies which can't fold easily. Some would say it's a way of making illegitimate money legitimate. Regardless, you can't thrash a Vermeer stored away in a vault while a poofy blond does lines off the console.

Maybe they bought their childhood dream car and realized it dripped oil and needed a lot of expensive maintenance and parts are becoming increasingly rare and a treasure hunt with imbeciles and scammers.
Instead of checking that loose distributor cap most mechanics today are looking for that 16pin OBD2 port to plug into.
Add in stringent government inspection measures and it becomes a serious time consuming hobby other people do not appreciate as much anymore.
Even Corollas are faster these days.
Stinky rattly flimsy noisy little car. Who wants that? Bleh.

[motion]

Originally Posted by john70t

The other 'arts' such as paintings keep going up and up into the stupidwealthyoldmoney range over time. Some would say it's a way of hedging fraudulent holdings against insurance companies which can't fold easily. Some would say it's a way of making illegitimate money legitimate. Regardless, you can't thrash a Vermeer stored away in a vault while a poofy blond does lines off the console.

Maybe they bought their childhood dream car and realized it dripped oil and needed a lot of expensive maintenance and parts are becoming increasingly rare and a treasure hunt with imbeciles and scammers.
Instead of checking that loose distributor cap most mechanics today are looking for that 16pin OBD2 port to plug into.
Add in stringent government inspection measures and it becomes a serious time consuming hobby other people do not appreciate as much anymore.
Even Corollas are faster these days.
Stinky rattly flimsy noisy little car. Who wants that? Bleh.

Dude, I don’t know where you come up with this stuff,but I certainly do applaud you!!

[john70t]

(Heh, when it comes down to Men vs. Boys I can only wish to be towel assistant for the winning team ie men.)

[masraum]

Originally Posted by john70t

The other 'arts' such as paintings keep going up and up into the stupidwealthyoldmoney range over time. Some would say it's a way of hedging fraudulent holdings against insurance companies which can't fold easily. Some would say it's a way of making illegitimate money legitimate. Regardless, you can't thrash a Vermeer stored away in a vault while a poofy blond does lines off the console.

Maybe they bought their childhood dream car and realized it dripped oil and needed a lot of expensive maintenance and parts are becoming increasingly rare and a treasure hunt with imbeciles and scammers.
Instead of checking that loose distributor cap most mechanics today are looking for that 16pin OBD2 port to plug into.
Add in stringent government inspection measures and it becomes a serious time consuming hobby other people do not appreciate as much anymore.
Even Corollas are faster these days.
Stinky rattly flimsy noisy little car. Who wants that? Bleh.

nominated for strange post of the year, or at least, a runner up.

[masraum]

To be a more direct response to the OP.

Good luck. I'd say that it's kind of the luck of the draw, but if you want to maximize the chance of increased value (there's no guaranty that he'll be able to make money in 2-3 years, much less make a ton of money) then I would stick with numbers matching, special hi-perf engines and options. IE, if it's a camaro, RS, SS or RS/SS, 396, 427, 302 COPO type options, mustangs would be top performance motors, mach 1, Shelby, etc..., 'vettes would be the high perf big blocks or maybe an LT1 with other desirable options. Other cars to look at might by Chevelles, GTOs, 440 or 426 Dodge/Chrysler stuff.

Numbers matching would I think be a pretty big deal in the collector car arena, so that everything is original as the car came, not a home made LS6 454 or a home made Shelby mustang.

If possible, then super clean and unrestored, but a car that has been perfectly(documented) restored would be an option too.

[pwd72s]

Cars are poor investments. Tell him his odds are better if he takes the money he'd spend on a car to Vegas or Atlantic City, place it on the line at a craps table, and roll the dice.

[john70t]

Originally Posted by masraum

nominated for strange post of the year, or at least, a runner up.

Chigau or kitchigai or kurakurapa? I'll accept any one with honor. Damn the torpedoes. Ya got a different opinion today.

Edited:
Such a vague speculation question which has so many unpredictable variable possibilities.
"So is an old GM or an old Ford vehicle a better two-to-three year investment to flip and eventually sell...somewhere outside the USA? "
What a question to try to respond to.
Sorry to be a jerk, but you cant make skyscrapers out of jello.

[juan ruiz]

masraum, thank you for pointing out those guidelines.

[BeyGon]

Mid year Corvettes are good, they are fun cars and easy to work on, everything but the rear spring. I have always thought if you look you can find something worth investing in. 64 because they have drum brakes are usually a little cheaper but still a very nice car. The 327 is easier to drive, cools better than the 427. My 64 was factory 360 hp 4 speed and was a great car. I wouldn't be afraid of them.

[onewhippedpuppy]

Sorry, but muscle cars are spiraling downwards in desirability. Most of those who dreamed about a minty 1969 Z29 Clamato either have one already or are now too old to care. He missed that boat by a good 10 years. If he wants appreciation he should go seek out a minty and unmolested Integra Type R, FD RX7, or S2000. Because that’s the next wave of collector.

[masraum]

Originally Posted by onewhippedpuppy

Sorry, but muscle cars are spiraling downwards in desirability. Most of those who dreamed about a minty 1969 Z29 Clamato either have one already or are now too old to care. He missed that boat by a good 10 years. If he wants appreciation he should go seek out a minty and unmolested Integra Type R, FD RX7, or S2000. Because that’s the next wave of collector.

In 2 or 3 years?

Maybe a nice Porsche would be a good option.

[onewhippedpuppy]

Yeah, I think anyone hoping to buy a car as a 2-3 year investment is a moron. But for the long term I would avoid the muscle cars.

[Craig T]

Originally Posted by onewhippedpuppy

Yeah, I think anyone hoping to buy a car as a 2-3 year investment is a moron. But for the long term I would avoid the muscle cars.

Exactly! Look what just happened to me with that 67 427 Corvette Roadster. Fully restored NCRS show queen. Couldn't drive it because I was afraid I'd granade the matching # motor and my investment would fall from $95K to $50k. Kept it for almost a year and had to consign it to find a buyer. Lost $10K. Never again. I'm a "moron"

[Nickshu]

Originally Posted by Craig T

Exactly! Look what just happened to me with that 67 427 Corvette Roadster. Fully restored NCRS show queen. Couldn't drive it because I was afraid I'd granade the matching # motor and my investment would fall from $95K to $50k. Kept it for almost a year and had to consign it to find a buyer. Lost $10K. Never again. I'm a "moron"

We're all morons. My Corvair restoration cost me more than twice what I could ever sell it for. But I love the car and love driving it. I built it for me and as long as I don't sell it I haven't lost anything!

Sent from my SM-G930V using Tapatalk

[daepp]

Originally Posted by john70t

the other 'arts' such as paintings keep going up and up into the stupidwealthyoldmoney range over time. Some would say it's a way of hedging fraudulent holdings against insurance companies which can't fold easily. Some would say it's a way of making illegitimate money legitimate. Regardless, you can't thrash a vermeer stored away in a vault while a poofy blond does lines off the console.

Maybe they bought their childhood dream car and realized it dripped oil and needed a lot of expensive maintenance and parts are becoming increasingly rare and a treasure hunt with imbeciles and scammers.
Instead of checking that loose distributor cap most mechanics today are looking for that 16pin obd2 port to plug into.
Add in stringent government inspection measures and it becomes a serious time consuming hobby other people do not appreciate as much anymore.
Even corollas are faster these days.
Stinky rattly flimsy noisy little car. Who wants that? Bleh.

freaking awesome!!!

[JackDidley]

Big block Vette or a Shelby Mustang if the choice is limited to the 60s. Money wise I'd think a Hellcat would sell well over there and be fun while you had it.

[wayne robson]

Yes there is still many many makes to invest in, depend on which country
they go to-----here is my pick just now for investment.
Buick yes Buick,select the right year , any 63--65 Riviera, 1971 boattail, not 73.
any Electra, Roadmaster ,Limited, specially in convertible. 1938, ---1941,
century,roadmaster, 1949, same only in coupe or convertible,
Only buy stock original,not restored, matching numbers,.
Buick has been a sleeper for years ,and will only go up, as they are getting harder to find in these years fabulous to drive..And Buick has never really made a bad model
like alot others from GM, .

[onewhippedpuppy]

Originally Posted by Nickshu

We're all morons. My Corvair restoration cost me more than twice what I could ever sell it for. But I love the car and love driving it. I built it for me and as long as I don't sell it I haven't lost anything!

Sent from my SM-G930V using Tapatalk

Oh yeah, we’re all morons. But at least we all go into it knowingly. I had a local Pelican look at my 986S yesterday, which I have invested substantial time and money into. He asked me what would be a fair price considering all of my work and I just laughed. As the owner of a 911SC that he’s been refining for 25 years, he understood.