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Most Online731 Jan 14th, 2020
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Re: How preserving classic cars doesn't always pay off
[Re: JKD]
#1622457
29/06/2018 19:13
29/06/2018 19:13
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Joined: Aug 2007
Posts: 8,057 Southsea
Gunzi
Club member 189, Former Club President
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Club member 189, Former Club President
Je suis un Coupé
Joined: Aug 2007
Posts: 8,057
Southsea
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It's the wrong car for this time. If the owner had bought an Escort Cosworth for £22k a couple of years later and bubble wrapped the price tag would be *much* higher now. According to Bank of England Inflation Calculator a 1 owner 20VT Coupe would need to fetch upwards of £40k to just be worth what it was new in 1999. To me it seems the key to getting the best out of classic cars is picking one which is at the bottom of it's depreciation curve and enjoying it whilst it's price rises.
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Re: How preserving classic cars doesn't always pay off
[Re: MeanRedSpider]
#1622522
01/07/2018 13:05
01/07/2018 13:05
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Joined: Apr 2012
Posts: 2,162 Glos
Brilly1uk
Club member 1034
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Club member 1034
Competition Level
Joined: Apr 2012
Posts: 2,162
Glos
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And yet more attractive now for some reason, than whenever it was when new? I remember someone I worked with went from an XJS cabriolet to the XJS "Sport" bedecked in huge spoilers and supposedly breathed on by TWR!
Fiat Coupe 20VT Alfa Romeo Spider BMW X3
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Re: How preserving classic cars doesn't always pay off
[Re: JKD]
#1622539
01/07/2018 20:02
01/07/2018 20:02
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Joined: Jan 2006
Posts: 5,294 Portsmouth
ali_hire
Forum is my life
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Forum is my life
Joined: Jan 2006
Posts: 5,294
Portsmouth
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A car is a vehicle for driving, not an investment vehicle. Although I and most people with an interest in cars will agree with you, you could say this about any tangible investment.
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Re: How preserving classic cars doesn't always pay off
[Re: JKD]
#1622547
02/07/2018 05:35
02/07/2018 05:35
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Joined: Dec 2005
Posts: 33,520 Berlin
barnacle
Club Member 18 - ex-Minister without Portfolio
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Club Member 18 - ex-Minister without Portfolio
Forum Demigod
Joined: Dec 2005
Posts: 33,520
Berlin
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Well I would certainly extend it to houses, for example.
It seems to me that there is a significant difference between 'investment' in tangibles such as classic cars, art, or houses, and in direct investment in, say, shares in a business.
In the second, you're helping to provide the money that a company needs to run - particularly at the development stage of a product - while in the first, you're simply hoping that at some time in the future there will be someone with enough ready cash to purchase your hoarded goodies.
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Re: How preserving classic cars doesn't always pay off
[Re: JKD]
#1622727
07/07/2018 16:43
07/07/2018 16:43
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Taz
Unregistered
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Taz
Unregistered
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It's only worth what someone wants to pay..
Certainly not everyone's cup of tea !
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