warning! contains facebook!! people of ghts age health should avoid it.. that said i am not sure if the link will work
![Laughing :lol:](./images/smilies/icon_lol.gif)
Cars rarely appreciate if they're driven daily. Especially when they're old cars. They tend to break more often and sourcing parts takes time which is no fun if you have to rely on one as a daily. Cars in the UK will rot even when parked if left to sit on the street or in a driveway. It's a pretty big gamble when you think about it because you never know when a certain car will go up in value and unless all the money is in the log book and chassis plates. You're probably going to be upside by the time you factor in labor , parts, storage and upkeep.JPB wrote:Perhaps, but at least they provide a form of transport while you wait for appreciation to catch up with the value of your garage contents!alabbasi wrote:..Somewhat of a false economy. The sunk costs of keeping them running, fixing whatever goes wrong and keeping them stored , insured and taxed usually exceeds appreciation.
Some Mercedes have such kudos that people will bid millions just to sit in one and go brum, brum!alabbasi wrote:Cars rarely appreciate if they're driven daily....................Now obviously most people will know that I'm a Mercedes Benz guy. One car that comes to my mind which is always under valued and under rated is the W114/W115 models and the W123 models.
Awesome page, thank for posting. It's a good thing I'm abroad now otherwise I'd be looking at some of those!rich. wrote:https://www.facebook.com/groups/6538843 ... 8132090890
warning! contains facebook!! people of ghts age health should avoid it.. that said i am not sure if the link will work
I am somewhat of a MB fan too. Having owned a W123 200 and then a 190E. My dad, and latterly I, longed for a W115 (Stacked headlight as we called them) for a long time and I wouldn't say no to one now if it comes up. My dad did buy a gorgeous 280TE in Beige, but some prat wrote it off after only a few months of owning it.alabbasi wrote:Cars rarely appreciate if they're driven daily. Especially when they're old cars. They tend to break more often and sourcing parts takes time which is no fun if you have to rely on one as a daily. Cars in the UK will rot even when parked if left to sit on the street or in a driveway. It's a pretty big gamble when you think about it because you never know when a certain car will go up in value and unless all the money is in the log book and chassis plates. You're probably going to be upside by the time you factor in labor , parts, storage and upkeep.JPB wrote:Perhaps, but at least they provide a form of transport while you wait for appreciation to catch up with the value of your garage contents!alabbasi wrote:..Somewhat of a false economy. The sunk costs of keeping them running, fixing whatever goes wrong and keeping them stored , insured and taxed usually exceeds appreciation.
Now I'm not suggesting that people should not drive or enjoy classic cars, but if someone is looking for an investment, they're probably better served putting their money in a mutual fund. I would suggest property but I was back in London a few months ago and that bubble looks more like a giant blimp that's about to explode.
Now obviously most people will know that I'm a Mercedes Benz guy. One car that comes to my mind which is always under valued and under rated is the W114/W115 models and the W123 models.
The W114/5 cars can rust so you need to be careful, but as far as daily drivers are concerned, dealer support is still great, they handle really really well (IRS suspension, rear disc brakes) , diesels are frugal and 6 cylinder cars are still pretty quick. The W123 will do everything better except look as nice, drive as nice and have that old world clunk when you shut the door.
If you can find one, they actually make great old cars that you can drive daily but probably not that great an investment.
Yeah they are ridiculous money.GHT wrote:Some Mercedes have such kudos that people will bid millions just to sit in one and go brum, brum!alabbasi wrote:Cars rarely appreciate if they're driven daily....................Now obviously most people will know that I'm a Mercedes Benz guy. One car that comes to my mind which is always under valued and under rated is the W114/W115 models and the W123 models.
1954-Mercedes-Gull-Wing.jpg
I actually know a guy here in Dallas that has one of these (well, the convertible 300SL). He's about 80 and he does drive it. I know another fellow that was getting out of high school in 1973. He and his father went car shopping and looked at a gullwing, but they considered it waaaay too expensive at $10,000 and he bought an MGTD instead.GHT wrote:Some Mercedes have such kudos that people will bid millions just to sit in one and go brum, brum!alabbasi wrote:Cars rarely appreciate if they're driven daily....................Now obviously most people will know that I'm a Mercedes Benz guy. One car that comes to my mind which is always under valued and under rated is the W114/W115 models and the W123 models.
1954-Mercedes-Gull-Wing.jpg
Keep a low profile in September Chris, because if my missus reads that, she'll crush your goolies. Each shirt is made of a rich cotton material that costs £20 @ metre, and there's three metres in every shirt. There's twenty hours of labour in the making, (what's your labour charge?) And there's about ten quids worth of notions, that's paper pattern, thread, buttons, collar stiffener and lining.Grumpy Northener wrote: (poor quality shirt of the type GHT would wear)
I don't think there is a car enthusiast on earth who hasn't said "If only I had kept that car". I had 6 Mk3 Capri's in the early 2000's and while I sold all of them on for profit, it was measured in hundreds and not the thousands I would get now if I still had them in the same condition. I scrapped a number of Ford Sierra's mainly for their engines (the 205 Pinto block is king among Capri owners) and now they are starting to get valuable, hell I had 6 or so Austin Metros we used to race on the farm, and now even they are getting worth more money! The only brand I see still selling for sensible money for 60's era cars in Vauxhalls. My dad picked up a 66 Viva SL90 and an 81 Viva van in 2014 for not a lot of money, and they weren't wrecks.alabbasi wrote:
I actually know a guy here in Dallas that has one of these (well, the convertible 300SL). He's about 80 and he does drive it. I know another fellow that was getting out of high school in 1973. He and his father went car shopping and looked at a gullwing, but they considered it waaaay too expensive at $10,000 and he bought an MGTD instead.
The question to ask is if he had bought it, would he have bothered to hold on to it long enough for it to be valuable and could he afford to keep it up?
I'm 43 now and I can already think of maybe 20 cars that I sold too cheap compared to what they cost now (various SL's , SLC 5.0's, 6.9's etc). Was I in a position to keep thspentem? Sadly no, I ran out of space and at the time, I could not justify the extra expense of additional storage. If I could afford the storage, I would have more on storage than the appreciation.
I now have a bigger space, but as the saying goes, the more space you have, the more sh*t you find to put in it.
My dad and I have been similar, about 5-8 years ago we had a high turnover of classic cars and every one moved on with a (sometimes small) profit, there are bargains still out there to be had I think if you avoid the usual routes such as eBay. Nearly all the most recent 'Bargain' cars we have had were discovered through word of mouth or a local paper. I try and keep my dad away from all Classic car literature though, as he tends to fill up any garage space he has! In fact not even 2 weeks after I sold my MGB, he filled the vacant spot with a Riley RME!Grumpy Northener wrote:Although I have owned classics of various species over the last 40 years for the last 3 years I have bought & sold a few - careful with what I purchase but always something that I can add value to - of the ten that have passed through my hands I have lost a shirt on one of them (poor quality shirt of the type GHT would wear) - I have never made less than £1,000 and in one case made ten times that - I run them whilst I have them to ensure that any problems on the mechanical front are addressed before I offer them for resale - If you watch the market and note what sells well whilst buying wisely then you will not go far wrong - ideally you need to be able to act quickly, have someone on hand for transporting purchases, be realistic & practical about what can be achieved with said purchase and a motor traders policy along with a set of trade plates helps - but classics can be purchased, run and sold without losing any money (most of the time)
That's nice, I have a handkerchief with the same pattern on.GHT wrote:Keep a low profile in September Chris, because if my missus reads that, she'll crush your goolies. Each shirt is made of a rich cotton material that costs £20 @ metre, and there's three metres in every shirt. There's twenty hours of labour in the making, (what's your labour charge?) And there's about ten quids worth of notions, that's paper pattern, thread, buttons, collar stiffener and lining.Grumpy Northener wrote: (poor quality shirt of the type GHT would wear)
Cheap shirt? Makes me think of that Dolly Pardon quote: "It costs a fortune to look this cheap."
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