It will likely be 30-40 years before it might be worth more than you bought it. If you can park 80 grand for 40 years and as a potential investment by all means though it will definitely depreciate first, you do you.
They’re common and “affordable” now, but if op is able to hold out for the time it takes it’ll pay off. Just like @SilentStalkr mentioned, fox body mustangs are getting ridiculous.
About zero on domestic cars. Super rare Ferraris are the only thing that comes to mind.
Look at recent selling price for Boss 429 Mustangs, Hemi Cuda convertibles, Superbirds, and so on. Check "Bring A Trailer". Low mileage Fox body Mustang (a low production version) sold for over $100,000 last week. I get the daily email updates as I still have my 1970 Boss 302 from college in 1981.
| Editor’s Note |
| In the past year we’ve seen assets of all kinds take a beating, from stocks and bonds to high-end watches. And you don’t need me to tell you how ugly things have gotten for crypto (although my colleague Eddy Eckart did just that earlier this month). And yet, 2022 also saw the most expensive classic car ever sold publicly, the best-ever Monterey auctions, and record totals for online and in-person auctions—some $3.5B combined. What makes collector cars different? My theory: people like you. The typical Insider reader, per a recent survey, has been involved in classic cars for more than 20 years and primarily buys for enjoyment. Of course, speculators exist, and even veteran collectors can get red mist when the market is hot. But by and large, our market is run by and for people who love old cars and know a lot about them. That lends cars stability that other asset classes lack. Does that mean appreciation will continue forever? Obviously not. In fact, we see signs some segments have already slowed or reversed. In such a climate, it pays to know exactly what you’re buying and what the prevailing conditions are. That’s what we’re here for. We appreciate you reading Insider regularly and promise even more coverage of the classic car market going forward, no matter what 2023 brings. Happy New Year, David Zenlea Managing Editor, Hagerty Insider |
Yes real classics are a worthy investment imo. I had a 67 Firebird 400 (second owner) in 2007 that I stupidly sold so me and my new wife could do some stuff but I sold it for like $15,000, which was a good return since I had about $6500 in it. It was in nearly perfect shape. At any rate it was still stupid cause today I could sell for $50k-$70k easy and they are only getting more rare by the day.
