Quote:
Originally Posted by ermax
Same thoughts are going through my head. I also keep cars forever. A friend of mine who used to have a car lot was just telling me that a 1996 white Type-R in perfect shape is going for 60K today. He said yellow and blacks are going for 30k. Proof that the value of raw drivers cars will go up in value. I agree with you. In the future there will be no options other than buying antiques.
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Just be careful in your assumptions on old car prices and buy wisely. The future demand for antique cars is not guaranteed. It’s only worth what someone will pay for it.
Example is boomers who ran up muscle cars. Bought cars at 75 and 100k that now sell for half because the next generation does not love those years of cars as much.
With younger generations as they grow older they will be able to buy an electric car for relatively cheap that outperforms many cars on the road now. No guarantee they will have the nostalgia you have for old cars, expensive parts and fixing them. There will be some but perhaps not as many as now. Supply and demand will always win. Sure supply will be less, but demand might be too.