Folks, looking for investment purchase..not new to this but could use inputs.. these are my considerations (all convertibles):
71/72 Chevelle
65-67 GTO
2000's Grand Sport
2000's DB7
2000's M6
2000's Viper
2000's SL63/65
No one has a crystal ball, but a consensus would be helpful.. got $30-60K to play with..what's best investment? will drive 5-6K miles a year..may sell in 5-7 yrs..I'd go $100K if the SLS AMG has merit
thanks,
bill
Cactus
Reader
2/16/20 6:07 p.m.
Hard to go wrong with a Viper. It has a visceral cachet the others lack. Unlikely to depreciate if you keep it in nice condition.
Skip the DB7 unless you can find a special model. You can get a DB9 in your price range, and it's a much nicer car.
None of them are a good investment.
the purpose of an investment is to make money.
now could it be a fun place to stick some money for a while that you can have fun driving and still have some hope of getting your money back at the end? Yes.
Cotton
PowerDork
4/28/20 8:07 p.m.
Vphoenix said:
Folks, looking for investment purchase..not new to this but could use inputs.. these are my considerations (all convertibles):
71/72 Chevelle
65-67 GTO
2000's Grand Sport
2000's DB7
2000's M6
2000's Viper
2000's SL63/65
No one has a crystal ball, but a consensus would be helpful.. got $30-60K to play with..what's best investment? will drive 5-6K miles a year..may sell in 5-7 yrs..I'd go $100K if the SLS AMG has merit
thanks,
bill
If you can get an SLS AMG coupe for 100 or less that's the route I would take, but it will be hard to find a nice coupe for 100 that doesn't have a salvage title, a lot of miles, or some other issue.
In reply to Vphoenix :
GTO for sure!!!
Also- consider thr 66/67 Chevelle Super Sport
Not the M6. Had one and loved it but they are hell to sell. SMG and rod bearing angst kills value.
In reply to Vphoenix :
My list for nice convertibles would be Audi R8, Porsche 911, BMW M4 and old school would be Lincoln continental.
Sorry this does not help but if resale is #1 priority Porsche 911 (about a 2009) is $50k and should never go below $30k even after another 100k miles.
OjaiM5
Reader
6/27/20 8:07 p.m.
Viper - last of the truly scary cars lol
Would definitely forgo the '60's and '70's cars. They are softening as their age group dies off. I really don't see an upswing for those. Given your choices, I'd probably go Viper, not least of which is cost to keep, if you don't wreck it. You may also want to throw in a couple of Japanese cars, the Integra Type R for instance, or maybe a TT Supra.
From a cost to keep and potential to make a few bucks, manual 996TT vert? Aircooled verts are also still fairly soft compared to their hardtop brothers. F360?
If you can find a decent Maserati BiTurbo, they are definately at the bottom of their curve and there will always be a market around then as long as GRM exists....
SLS AMG all day long. Just incredible in person.
Otherwise, Viper, although there's enough of them out there that they'll never be truly rare.
Stay away from 60s/70s as the owner base is dead (and trying to sell them all now if they're not dead yet).
In reply to Dave M (Forum Supporter) :
I work with a guy with an '04 Viper, he drives it everyday. For something he spent $24k on you'd think it was a Ferrari with all the looks and comments he gets. Hotrod guys like it, sports car guys like it, small children and dogs like it! For someone that drag races a '71 Hemi Challenger with 1300 hp, he says it seems a bit slow. It is pushing 700hp itself now with not a ton invested. I hadn't realized they were getting that cheap for the 2nd gens, I may need to start looking. Its in the background, my Boxster in the front.