Barrett Jackson Scottsdale

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Barrett Jackson Scottsdale

STEVEMCMORN Offline

Riesentöter PCA Member
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Posts: 632
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Joined: Jul 2006

01-22-2009, 08:11 AM

ccm911 wrote: If I am to buy a car for $100K, then it would not be unreasonable to expect the transaction to be viewed as an "investment".
[/quote]

Hmmmmm, gonna have to disagree with you on this as well - this may be unreasonable for you but for many people, particularly those who go to BJ in person, a measly $100K may just be simple play money. Also, many people in our club who spent $100K on new GT3s or turbos probably did it because they wanted a cool car, not as an investment as there is no way, now or previously, that they will get their money back.

If you are looking to invest 100K without love of cars, now may actually be the right time to buy a 57 Chevvy because like houses and stocks, prices are artificially down at the moment and I optimistically believe that as everything in life is cyclical, they will recover in a few years and prove to be a good investment

Stevie Mc
---------------------------------------------
2010 997.2 C2S - Silver & black
SOLD -- 07 997 GT3 - white with black
For sale - 1994 Miata Chump cat 1.6
For sale --TURBO'd -- 1990 Mazda Miata 1.8 turbo - 302 rw hp
SOLD - 94 Brumos Miata SM/SSM race car#59

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