MikeWhitney wrote:
Andrew Jonell wrote:
See now, I just crossed every one of those cars off my "future to-buy list".
Anyone ever seen the opposite, the "most depreciated" list? That would be a great one to buy from. Example - my 911. Original price $90k, 10 years later $26k = 71% depreciation.
On the other side of the coin, way back in the mid-70s in high school in Atlanta the father of a good friend of mine ran a business called Atlanta Classic Cars. He bought and sold high end stuff, and they had a 12+ car garage at their house. Anyway, at the time Bob (my friend) was trying to get everyone to consider buying Shelby Mustangs (commonly available in 1975 for $2-3k in Whitney shape as nobody wanted a 9mpg car needing "leaded gas"), 289 and 427 Cobras (typically $10-15k which was a LOT in 1975 but still a Whitney shape car could be found for $7-8k), etc. He did a "Mike" on a '67 GT350 and a '68 GT500KR while in high school. Nobody wanted these things then. A few years from now we may be in a position where a number of cars fall into that same kind of category, and as always few of us will take advantage of it as it will seem like a crazy thing to consider...kind of like that 2007 M6 example.
It's amazing what 40 years of dollar devaluation, inflation, and baby boomer hoarding will do to things...
I like Donnie's idea on the M6. Just stay away from the SMG cars unless you can get one that has just had the whole clutch/flywheel replaced (and make sure the "guide bush" (part on nose of tranny the throwout bearing rides on) was replaced as there is a *big* issue with t.o. bearing to guide bush galling on these transmissions. The 6 speed manuals are hard to find though however.
Mike, you should start a business Whitneying cars.
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