Quote:
Originally Posted by BRZZZZZZZZZZ
Good luck. I had a customer at work who bought a new 2009 ZR-1 and towed it home thinking it would be an investment if he didn't drive it. 5 years on its worth less than a lightly miled one.
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I like to compare car investments to baseball cards!
Back in the 50s and 60s people did not save their cards. They were handled, used in bike spokes and just generally mistreated.
Then 40 years later people started collecting them and those few good ones became valuable.
Those old cards that survived in good shape and increased in value tended to hold that value but could still drop if more were introduced to the market, demand lowered or general economic conditions did not support the prices.
Once people found out how valuable and rare those few old cards that managed to avoid being beat up were, they started buying up new cards like mad and protecting them so they stayed pristine.
The problem was that so many people did it that the new cards never increased in value as the market was flooded. This resulted in many people with very nice baseball card collections that had less value then when they were released.
Sure, there may still be a special release of a newer card that increased in value but they are the exception not the rule.
Now take all that and insert whatever car you wish wherever it says "baseball card" and that is how it goes with investments.