HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » The DU Lounge (Forum) » One of the best investmen...

Tue Mar 28, 2017, 12:59 AM

One of the best investments you could have ever made... [View all]

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, 6475 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 21 replies Author Time Post
Reply One of the best investments you could have ever made... [View all]
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