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Mon Mar 27, 2017, 11:59 PM

One of the best investments you could have ever made...

If you'd kept it in mint condition. Fascinating story by MarketWatch.

Anybody here have one?



What makes a car a classic? A unique cultural formula of factors, according to vehicle valuation specialists at market research group Black Book — and if they all come together the right way, you could be making big bucks selling vehicles that were once commonplace. There’s just one catch. Well, two. It would be better if you bought it in, say, 1971. And it really helps if the car in question is still in mint condition.

Some cars once sold for the manufacturer’s relatively affordable suggested retail prices have years later been marked up thousands, sometimes tens of thousands of percent. The 1971 Plymouth Barracuda, for example, was once purchased for an asking price of $4,296 and is now worth $2.5 million — a 58,000% increase in value over time.

Once purchased for just $7,500, the 1967 Shelby Cobra has increased 17,000% to $1.3 million. Other models are also raking in cash in auctions around the country, the list shows, including the Cadillac Eldorado, Chevy Corvette, Pontiac Bonneville, Ford Thunderbird, and Ford Mustang GT.






http://www.marketwatch.com/story/this-car-from-your-childhood-has-increased-in-value-by-58000-2017-03-22

21 replies, 6459 views

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Arrow 21 replies Author Time Post
Reply One of the best investments you could have ever made... (Original post)
True Dough Mar 2017 OP
Historic NY Mar 2017 #1
Major Nikon Mar 2017 #4
True Dough Mar 2017 #5
Major Nikon Mar 2017 #2
longship Mar 2017 #3
DFW Mar 2017 #6
mnhtnbb Mar 2017 #7
DFW Mar 2017 #8
mnhtnbb Mar 2017 #13
WinkyDink Mar 2017 #19
logosoco Mar 2017 #9
WinkyDink Mar 2017 #10
True Dough Mar 2017 #11
WinkyDink Mar 2017 #16
True Dough Mar 2017 #17
WinkyDink Mar 2017 #18
True Dough Mar 2017 #20
KatyMan Mar 2017 #12
Tikki Mar 2017 #14
benld74 Mar 2017 #15
OriginalGeek Mar 2017 #21

Response to True Dough (Original post)

Tue Mar 28, 2017, 12:30 AM

1. Its the elusive 426/425hp convertible Hemi version they only made 11 of them....

in 71. The article apparently forgets to mention it. Only 2-4 speed trans. exist one with it original engine.

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Response to Historic NY (Reply #1)

Tue Mar 28, 2017, 12:38 AM

4. The cars that fetch 7 figures are extremely rare

You would need to be not only lucky enough to buy the right one, but have the means to keep it relatively pristine.

By comparison a $1,650 investment in Wal-Mart's IPO would be worth 8 figures today.

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Response to Historic NY (Reply #1)

Tue Mar 28, 2017, 12:39 AM

5. Great to have a true aficianado

here among us. Thanks for that background info!

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Response to True Dough (Original post)

Tue Mar 28, 2017, 12:34 AM

2. A few years ago a Hemi Cuda convertible hit $3.5 million

I had a 72 Charger at one time, but I don't miss it much. In retrospect I should have gotten a Cuda. Many years ago I almost talked a guy into trading his Hemi Coronet hardtop, which wasn't running at the time, for my Charger. I wish I had been more persuasive.

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Response to True Dough (Original post)

Tue Mar 28, 2017, 12:37 AM

3. Hell hath no Fury like a Plymouth.



Price a 1955 Mercedes 300SL gullwing coupe some day.
This one sold for $4.6 million.
http://o.aolcdn.com/dims-global/dims3/GLOB/legacy_thumbnail/750x422/quality/95/

Or a 1963 Ferrari 250 GTL Lusso (absolutely gorgeous):

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Response to True Dough (Original post)

Tue Mar 28, 2017, 01:59 AM

6. I had 500 shares of Apple bought in 1998 for $38 each

After splits, those shares would now have been 14000 shares worth around $140 each. Except the idiot Republican brokerage watching over what investments I had back in the States sold them when they were 2000 shares, before they split 7 to 1, and below $200 a share because they thought Apple was "in trouble."

The $19000 invested in 1998 would have been worth $1.96 million today.

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Response to DFW (Reply #6)

Tue Mar 28, 2017, 04:56 AM

7. I looked at buying Apple for $27. right about that time.

Decided it was too dependent upon Steve Jobs and passed.

You know how much I regret it.

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Response to mnhtnbb (Reply #7)

Tue Mar 28, 2017, 07:41 AM

8. Oh, yes I do!

At least I netted a low six figure sum after taxes (helped pay for a certain daughter's law school), but it still doesn't compensate the million (after taxes!) I would have if I hadn't let them act on their own stupid advice.

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Response to DFW (Reply #8)

Tue Mar 28, 2017, 12:35 PM

13. I got out of my way on eBay

a little later. Loved the site. Used it all the time. Thought about Peter Lynch and his advice...and did collect some $$ from that investment.

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Response to mnhtnbb (Reply #13)

Thu Mar 30, 2017, 07:42 AM

19. I still have my now-12 shares of Amazon from way back! I had the vision but not the cash!

 

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Response to True Dough (Original post)

Tue Mar 28, 2017, 08:46 AM

9. I had a 69 Baracuda coupe. I bought it around 1986

for $600! I think it had been in a flood at some point. In early 1991 the frame busted from rust! The brakes never worked very well, but I really loved that car!

My husband, before I met him had a Super Bee (71?). Wrecked it coming home from a bar. That car would have been worth so much today!

I look at the cars we have now and I just can't see them being collectors items (although they are old fine cars!)

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Response to True Dough (Original post)

Tue Mar 28, 2017, 09:36 AM

10. "Once purchased for just $7,500, the 1967 Shelby Cobra..." In 1967, average INCOME was $7,300!! SEE:

 

http://www.thepeoplehistory.com/1967.html


Cost of Living 1967
How Much things cost in 1967

Yearly Inflation Rate USA 2.78%
Yearly Inflation Rate UK 2.7%
Year End Close Dow Jones Industrial Average 905
Average Cost of new house $14,250.00
Average Income per year $7,300.00

Average Monthly Rent $125.00
Gas per Gallon 33 cents
Average Cost of a new car $2,750.00
Movie Ticket $1.25
Polaroid Camera History$50.00
Parker Pen Set $11.95
The Federal Minimum Wage is increased to $1.40 an hour

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Response to WinkyDink (Reply #10)

Tue Mar 28, 2017, 09:39 AM

11. Yes, context is everything

It was a major investment back in the day to buy one of those cars.

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Response to True Dough (Reply #11)

Wed Mar 29, 2017, 02:54 AM

16. I got out of college in 1971, and my starting salary as a teacher was $6,700!

 

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Response to WinkyDink (Reply #16)

Wed Mar 29, 2017, 09:14 AM

17. At least you didn't

start cooking meth! (Breaking Bad reference there, if you weren't a fan of the show).

Teacher are chronically underpaid!

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Response to True Dough (Reply #17)

Thu Mar 30, 2017, 07:39 AM

18. Haha! No, no HBO. I was never good with chemistry, anyway. ;-)

 

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Response to WinkyDink (Reply #18)

Thu Mar 30, 2017, 08:51 AM

20. You and me both!

I grasped biology well enough. Physics was a struggle for me. Chemistry I chose to avoid. I only needed to take two sciences in high school so I stayed away from chemistry.

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Response to True Dough (Original post)

Tue Mar 28, 2017, 10:03 AM

12. I can't pronounce Baccarruda...

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Response to True Dough (Original post)

Tue Mar 28, 2017, 01:15 PM

14. They look pretty as hell in the drive way...but please don't drive them..

They are toxic spewing dinosaurs that suck up gasoline and have little place on the road.



Tikki
I do believe that most owners of these kind of cars drive them as Sunday drive arounds.

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Response to True Dough (Original post)

Tue Mar 28, 2017, 02:03 PM

15. Friend of mine had one back in mid '70's

Unfortunately he liked his beer too much

Fortunately, both he and girlfriend at the time walked away from
a horrific accident.

He and she are still around, but not with each other

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Response to True Dough (Original post)

Fri Mar 31, 2017, 12:24 PM

21. One of my friends in high school had a 71 'Cuda hard top

Loved riding around in that car. He traded in his 68 Cougar Eliminator for it. He was a car guy and did all kinds of stuff with his cars. I bet he wishes he still had it. Like I wish I still had my '68 Firebird.

But my grandpa does still have his 1965 Pontiac LeMans. He bought it new and will leave it to me. I go over and start it up a couple times a month to keep the juices flowing. If it's not raining I'll take it around the block now and again but I need to replace the seals around the front and back windows. They're 52 years old now and leak a little.

It's hard for him to get in and out of it any more so I do that for him. But he's kept it up pretty nicely - I took this pic a couple years ago:

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