Money or car question? - Mustang Evolution

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Old 03-07-2010, 11:45 AM   #1
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Money or car question?

i know in the US money is becoming worth less and less and i think i found a way to save some but i want your idea weather this will work

I'm thinking that if i buy a nice car and keep it vary nice then the value of that car should go up right? (answer that)

i already got the car and this is what it is: 2008 Ford Bullitt Mustang like from the old BULLITT film

the company only made 7000 of them in the world and they are race quality so i was thinking that maybe that was a good idea

did i make a good choice?
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Old 03-07-2010, 11:52 AM   #2
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Money or car question?

If you keep it in the garage and crank it twice a week for 10-15 years, wash & wax it regularly then it MIGHT be worth what you paid for it not counting the time value of money.

In the real world, its a terrible idea. Expensive cars depreciate. Even if they are limited edition models.

Invest in the stock market. It, over time, tends to go up.

Cars, except in very rate instances continue to go DOWN, DOWN and down.

That said, older cars worth $1000-2000 don't tend to go down in value much as long as they stay in the same condition.

Cars are not investments. (Except for rare really expensive collector items and even then, its highly questionable if they go up in value)
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Old 03-07-2010, 12:15 PM   #3
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Money or car question?

um, what? The stock market just started to go back up. Now your car is worth less.
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