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Originally Posted by Gords_zenith
Trust me, I drive my car a lot, I'm at 60k so far without driving it in the winter. As for 2) people will pay more for a car that's been stored, so if your making payments then chances are your car will be worth more then your debt....if you choose to sell it. It would also be worth more then a newer one that's been driven in the winter.
As for 4) it'll require less parts for maintenance thus cheaper
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Those kind of miles are cutting into value on their own. Even if they're all highway miles, wear is wear. Your cylinder walls might be fine, but the odds of the door handle coming off in your hand one day are going up and up. My old Honda Accord had about 300k on it, and was in perfect condition mechanically, but all the 'little things' started happening. It wasn't winter's fault. It was the fault of being 19 years old and having 300k.
Quote:
Originally Posted by Gords_zenith
And as for your quote that these won't be classics did anyone think that the original AE86 would become a classic or the Datsun 510, Supra, or 300ZX, or even the beetle? Of course not they were thinking the same as you, it's a great car but won't be a classic, you wait and see. I bet they will depreciate but will level off and maintain that figure indefinitely providing its stays in reasonable condition. I'm not saying I'm looking to get rich with it, but just preserving some of its value.
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I think we can agree that most cars value will bottom out at around $500-$1000 at a certain point, but that the twins will be worth quite a bit more. It's a hit car among the people that are into that sort of thing, and it likely will continue to be. Good ones will probably never go below $3000, especially if they go out of production soon. But even with that, the best you can expect is a few bucks in your pocket at the end.
A bigger question might be, if someone can only stand to be a couple k ahead by buying a future classic, babying it, not driving in the winter and so forth, is it really worth it? Don't forget ancillary costs, like owning a whole other vehicle for the winter (for all those years), storing the car, and so on. You'd never get that money back.
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Originally Posted by Gords_zenith
And as for your last point-true, that could happen at any point really but that's what insurance is for - replace it with a new one.
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If the car is out of production, you'd only be getting a cheque. Anyone that wrecked their fabled Supra after 1998 was walking.
My last point, and probably my biggest point, is that any car that has been modded, is going to be nearly worthless at the tail end. Buyers looking for a twin in 20 years are going to be looking high and low trying to find one. In fact, I think that would go to your point, the twins will be valuable in 20 years, but only because there won't be many unmolested ones to choose from.