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Unread 03-31-2003, 04:01 PM   #7
airspirit
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Join Date: Jul 2002
Location: Moscow, ID
Posts: 1,986
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Old cars are worth next to nothing. Being extremely familiar with the auto industry (where I primarily work), I know that nearly any passenger vehicle pre-1985 is worth a couple of hundred max. The reason is that most of their life is gone, and even if they do run, they normally become a money pit unless they have been immaculately maintained.

Those are the only cars that are worth more, though that is only if the buyer is willing to shell for them. In reality, a 66 Porsche is worth a couple of hundred dollers at the most, though to a collector or enthusiast, it may be worth thousands. Value is in the eye of the beholder, and an antique with a siezed engine isn't worth shit.

Unfortunately, people think that cars are good investments (they are not) just like some people think computers will be worth the same a few years from now (which you know isn't true). A five year old car is usually worth 1/2-1/5 the original value, so why should an ancient beat-ass car that won't run be worth more than its scrap cost?

It's madness, I tell you, madness!
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