I collect '62 Imperial convertibles because I know that no matter how much money somebody wants to throw into the mix, there can never be more than about 100 people in the world that can have a car like mine--even if a large number of the coupes are converted.
Not too darned likely an investment in an Imperial is going to show an acceptably positive return unless it is a convertible at a distressed price in fabulous condition and you are willing to hold it a long time. Buy the wagon, given your stated criteria.
As to "how", I collect what I can afford to buy, in the best condition, for which I am willing to pay storage.
Over the past few years I've had to sell off my collection of
Imperials, but now I'm starting to rebuild it and the whole process has
got me to thinking about why we collect cars, and how we go about it.
First of all, there is the issue of HOW. And by how I mean, what is
the system you use? Is there a pattern to your collecting, conscious
or unconscious? Or is it strictly random, a result of happenstance and
luck?
For example, I once read about a man who bought only cars from 1957,
because that is the year he graduated from high school. He didn't care
what it was as long as it was from 1957. Then there are those who only
go after particular models, such as Corvettes or Imperials. Some only
collect muscle cars, some only sedans, some only British cars, some
only Italian, some like perfectly restored cars, some only like cars
that aren't in good condition and present a challenge to restore, etc.,
etc. I'm just wondering what are the criteria are that some of us use
to collect cars?
For me personally it seems to be that cars from about 1960 to 1971
interest me the most, with the year 1968 being my favorite. At one
time it was my goal to collect one of everything Chrysler made in 1968.
I wanted (and still want) a Dodge Charger with a 426 hemi, an Imperial
LeBaron, a New Yorker coupe, an avocado green Fury III, a Satellite, a
300, etc. I doubt I will ever own all these, but that's my "organizing
principle," if you will.
The second big question is WHY.
Do we collect to impress people? To show how much money we have? Or
how much taste and intelligence? Do we collect Imperials in order to
make the statement that we're "different"-- or do we do it in order to
fit into a particular group whose approval we need?
I know one person who buys old Imperials because his grandmother owned
an Imperial and he was very close to his grandmother. I probably like
Imperials because my favorite uncle sold them when I was a child, and
because I was the "rebel"-- a Chrysler lover-- in a "GM family."
Others buy cars because they owned a similar car when they first met
their wife, etc.
I never really gave any of this much thought until now, because I am
faced with a choice of getting a really flashy "high dollar" Imperial
in great shape-- or buying a somewhat rough, somewhat undesirable, and
very cheap Chrysler station wagon. Part of me says "Go for the wagon!
It'll be fun!" And part of me says "Go for the nice Imperial, it's a
smart investment!" And so on. (And yes, I know, you don't buy old
cars as investments. I just mean I'm far more likely to get my money
back from the Imperial if I have to sell it later.) And part of me
says "Nah, get a VW!"
So I guess I'm just wondering which voice to listen to and how others
decide what they'll buy when they buy.
Mark M