"Viability" of holding onto classic cars

[Franco Cozzo]

Originally Posted by Giant Cranium

there is a bloke 3 doors up that has a period correct 1910's something, its ugly and tall and slow, i don't even look twice at it, down the street a bloke has a xy gt and a xu1, love it all day long.

for me i love 90's and early 2000's

for kids born in 40 years time they will look at the generation i love like i look at old mates 1910's thing.

Agree, that's the same as myself, 1990s/00s are my favourite era of car.

[slowsnake]

There is nothing on this planet prettier and more stylish than a CORD, I just love em, they just ooze style and class!



Chilly Beers

[hayseed]

Originally Posted by Giant Cranium

there is a bloke 3 doors up that has a period correct 1910's something, its ugly and tall and slow, i don't even look twice at it, down the street a bloke has a xy gt and a xu1, love it all day long.

for me i love 90's and early 2000's

for kids born in 40 years time they will look at the generation i love like i look at old mates 1910's thing.

Yep, That's the point I was trying to Make,

[jaydee]

Originally Posted by Franco Cozzo

Agree, that's the same as myself, 1990s/00s are my favourite era of car.

But they have plastic bumper bars

[slowsnake]

Originally Posted by jaydee

But they have plastic bumper bars

Not if we steal em?...


Chilly Beers

[five 7]

Originally Posted by Franco Cozzo

Agree, that's the same as myself, 1990s/00s are my favourite era of car.

Kids these days...

[Giant Cranium]

Originally Posted by slowsnake

There is nothing on this planet prettier and more stylish than a CORD, I just love em, they just ooze style and class!



Chilly Beers

I just googled it. Would walk past it a car show. I respect what it is but damn it’s ugly. And that’s coming from a bloke who likes an au xr!

[slowsnake]

Originally Posted by Giant Cranium

I just googled it. Would walk past it a car show. I respect what it is but damn it’s ugly. And that’s coming from a bloke who likes an au xr!

See all them "thanks" ya got!..it would make a blind man happy, lol,




Chilly Beers

[jaydee]

Originally Posted by slowsnake

There is nothing on this planet prettier and more stylish than a CORD, I just love em, they just ooze style and class!



Chilly Beers

Did you see the one on American Pickers they rescued, nice.

[slowsnake]

Originally Posted by jaydee

Did you see the one on American Pickers they rescued, nice.

I did



Chilly Beers

[Crazy Dazz]

Markets are based on supply & demand, so there will always be a market, but S&D will determine the prices.

I don't know if it happens yet, but eventually somebody will twig to the idea of shipping wrecks to Asia, and bringing back restored classics.

Yes, certain skills will become rarer, and it will become relatively more expensive to have skilled work done.

As to what will be desirable, I actually think that's much harder to predict.
Two decades ago, you were laughed at if you had a record collection. Now they're re-releasing modern works on Vinyl.

People always assume that current trends portend a linear future direction, but they don't. And the irony is that even IF the future is heading pell-mell towards EVs, that will INCREASE the value of classic ICE.

But there's a few things that people need to remember:

1. Gumtree is not an indicator of value. It's free so people can leave whatever crazy price they want on there, ad infinitum. You're actually LESS likely to see the accurately priced ones
2. Unless they are super-rare and Iconic, badges mean nothing in the long term. There have been plenty of limited edition Falcons, Tickfords, and FPVs, that nobody even remembers. It comes down to the underlying features of the car.
3. Many so-called "Instant classics" just aren't. I knew guys who went out of their way to secure "the last of the V8" XEs, and 15~20 years later their cars were as worthless as any XE. In fact it's going through this worthless phase that elevates the survivors
4. If you own a would-be classic, by all means enjoy it, but keep in mind that if you put 40kk a year on it, it's not going to hold its value.
5. The trick, if there is one, isn't to pay top dollar new and lock it in your garage, it's to buy when they're at their lowest.

[Giant Cranium]

Originally Posted by slowsnake

See all them "thanks" ya got!..it would make a blind man happy, lol,




Chilly Beers

ah what, i didn't get any 'thanks', how will i cope.

[minheim]

I wonder if electronics (repair/parts availability) will become a problem with later model local aussies as time goes on. Also there isn't the same volume of sales as in earlier decades to provide used parts; especially for the limited edition examples.

[slowsnake]

Originally Posted by Giant Cranium

ah what, i didn't get any 'thanks', how will i cope.

Not sure, could start with a bottle of Rum and see how ya go


Chilly Beers

[thefargo]

Originally Posted by Trevor 57

Generally the majority of people don't hang on to classic car as an investment, that role is generally held for the top end of town, mine has more than doubled its 'value' since I bought it 11 years ago, do I care, no, it will be going to my kids to decide what to do with it

I, like most true owners of classics don't care about the cars mainstream 'value'

I think this is why, I , and others have more than one car. The classic is (to me) more like a hobby. I don't drive it as a work car, etc, I drive it because I enjoy it. I don't really care if the next bloke doesn't want it, like it, nor understand why, it's my 'hobby'.
You could possibly argue that fishing, with the related time and expenses is an expensive way to get a feed of fish, but for some, it is not about the feed, it is about the entire experience.
I believe that until you have had the entire experience it is difficult to comprehend. The thought of spending hours floating in a tin boat, waiting for a fish, doesn't really do it for me. the thought of driving a classic vehicle (in my case V8) and listening to the sound and experiencing the idiosyncrasies of it all is where the 'fun' comes from.
Nevertheless, like fishing is for me, I am sure owning and driving a classic car, is not for everybody.

[slowsnake]

Any classic car or motorcycle is only a classic in your head, not ya kids or friends or neighbours, if they like it so what, if they don't like it so what!
It's you it has to please, nobody else, so just sit back and enjoy it!


Chilly Beers

[Sprintey]

Originally Posted by Polyal

once the current generation of mechanics, body/panel tradespeople start to reduce that IMO is going to increase the cost (charge rate) of who is left.

I think if Teslas keep driving out of bounds then the future is secure for those in the body/panel/firefighting industry.

[kcee]

Originally Posted by Crazy Dazz

I don't know if it happens yet, but eventually somebody will twig to the idea of shipping wrecks to Asia, and bringing back restored classics.

Yes, certain skills will become rarer, and it will become relatively more expensive to have skilled work done.

There is already a mob doing mustangs in the Philippines - classicspeedinc dot com, looked at this a few years ago, but even now i dont think i can afford it, going on the old if you have to ask quote....