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Posted By:
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Marlowe Johnson
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Posted On:
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Sunday June 3, 2012 at 10:25 AM
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Message:
99.99% of all cars have depreciated in value. There are exceptions, but they are extremely rare.
Of course, we all know that once a car reaches collector status, it tends to increase in value. Some of that rise is just inflation of the dollar. For example, a 1964 1/2 stripper Ford Mustang in '64 was around $2,000. Today, that equates to around $14,800 in 2012 dollars. I doubt a stripper '64 1/2 Mustang would sell for more than $10,000. My only point to my original post is that I can't help but be confused why anyone would buy a car and not drive it because they're afraid of it depreciating in value. I realize a collector car is quite different than a new car in terms of maintaining value. Especially so for cars that have been restored after spending thousands of dollars. New cars depreciate for about 20 years before they begin seeing a rise in value. But a car is built to be driven. The logic of having it sit in a garage, undriven, because of a concern of mileage just eludes me. If investing is the consideration, there are many other and better options. Heck, my $2000 '64 Mustang example would be worth $20,800 if it only earned 5% per year. I just can't see a car being an investment unless it has rarified uber value. But.... that's just me.
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Message thread:
 | 99.99% of all cars have depreciated in value. There are exceptions, but they are extremely rare. by Marlowe Johnson #43013.3.2.1.1.4.1
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