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I’m being annoying, but I know, but maybe there is some relevance here; my last 3 cars have been vintage and I’ve turned a profit on all of them.
by tjr225 5y ago
I’m being annoying, but I know, but maybe there is some relevance here; my last 3 cars have been vintage and I’ve turned a profit on all of them.
- ddingus 5y agoRight now, cars are a minor league investment. The chip shortage has driven used car prices way up.
- bluGill 5y agoOnly if you already bought and are selling today. If you are buying today you should assume. The chip issues will be solved in a few months and cars return back to normal.
- ddingus 5y agoYes, doh! I am not sure we will go back to normal that quickly however. We may see a permanent change in used car value perception. A lot of people just got a look at how generally great the value proposition has become over the years of ongoing improvement.
- pixelatedindex 5y agoIf only I bought an S2000 instead of my NC Miata in 2015, and if only my E30 didn’t get T-boned while parking… Even an NA Miata in good condition is getting up there in price. Oh well, life goes on :)
- gambiting 5y agoI don't think that's relevant at all - yes, there are cars which do actually appreciate and you can make profit on them - I'd generously estimate that's like 0.0001% of all cars on the roads though. Similarly, I'm sure there are houses which actually depreciate from the moment they are built - weird unusual houses with guaranteed structural issues the longer they stand, I'm reminded of a house mentioned on HN, which was built entirely underground and which started leaking everywhere after ~20 years. That house was basically worth maybe 1/10th of the original price because it was so hard to sell.