I agree that the cars are holding their value better
than most investments these days. However, trying to
sell one in this climate is a challenge as most people
are putting off buying expensive toys.
I'm certainly hopeful this changes SOON!
Kerryp
--- Mark McDonald <tomswift@xxxxxxxxxxxxx> wrote:
> I'm not sure where this would be most appropriate,
> so I'm sending it to
> both.
>
> A friend of mine and I were talking about the
> economy going South
> recently, and how much money we've lost in the stock
> market, and he made
> the comment that he should have put his money in
> Imperials instead.
>
> I was just wondering: what do people feel about the
> old car hobby as an
> investment? I have always heard it's not a wise
> place to put your money
> (old cars); that the only real reason to do it is
> because you enjoy it,
> but not to expect a big financially gain.
>
> On the other hand, once these cars start going up,
> they're only going to
> continue going up. An old Imperial's value can only
> increase . . .
> assuming, of course, you keep it up.
>
> Anybody have any thoughts on this? (It would
> probably be better to
> respond in the Salon, I guess.)
>
> Mark
>
>
>