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Old 12-12-2010, 02:03 PM
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justincampbell justincampbell is offline
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I figured I'd just throw in my 2 cents

First, let me say that I love big Pontiacs. I had a '77 Grand Prix and to ths day it is still one of the best riding/driving cars I have ever been in.

Second, I don't think "investment" is exactly the word I would use, however I consider whether or not I am likely to lose money in the long term in any vehicle purchase. I am not likely to keep a car for more than 3-4 years before I move on to something else(automotive ADD). I don't expect to make any money on these vehicles, but I certainly don't earn enough to say "I lost $5k, it's no big deal." I don't think this makes me less of a car guy. It just means that I may want a different car at some point without taking a second job. I only have one vehicle that I can approach with a "money is no object" mentality. That vehicle is one that has a great deal of sentimental value(been in my family 40 years) and will never be sold.

Third, the current economy is complete and total crap and IMO will be for quite a while. Basically, if you need to sell you will probably have to give it away(not just big cars). The exception to this(in some cases) would be restored/finished cars. The people who had way too much money, still have way too much money and are often foolish with it. I say finished cars because about 99% of the big money people are lucky if they know how to change their oil.

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  #2  
Old 12-12-2010, 04:46 PM
goatwgn goatwgn is offline
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Not just cars, nowadays you cant even make money on a house. Glad Im not selling, but a friend of mine is pretty much stuck with about 7 rental houses that he cant get rid of at a profit. And this is true with a lot of "investments" nowadays

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Old 12-12-2010, 05:54 PM
Cobrabill Cobrabill is offline
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Quote:
Originally Posted by justincampbell View Post
I figured I'd just throw in my 2 cents

First, let me say that I love big Pontiacs. I had a '77 Grand Prix and to ths day it is still one of the best riding/driving cars I have ever been in.

Second, I don't think "investment" is exactly the word I would use, however I consider whether or not I am likely to lose money in the long term in any vehicle purchase. I am not likely to keep a car for more than 3-4 years before I move on to something else(automotive ADD). I don't expect to make any money on these vehicles, but I certainly don't earn enough to say "I lost $5k, it's no big deal." I don't think this makes me less of a car guy. It just means that I may want a different car at some point without taking a second job. I only have one vehicle that I can approach with a "money is no object" mentality. That vehicle is one that has a great deal of sentimental value(been in my family 40 years) and will never be sold.

Third, the current economy is complete and total crap and IMO will be for quite a while. Basically, if you need to sell you will probably have to give it away(not just big cars). The exception to this(in some cases) would be restored/finished cars. The people who had way too much money, still have way too much money and are often foolish with it. I say finished cars because about 99% of the big money people are lucky if they know how to change their oil.
Even though a 77 GP is not a"big car"(it's a"G-body or A-special"),the 77 was the last of the real GP's.If money weren't an object-i'd have one.

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