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The Terminator
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<blockquote data-quote="13COBRA" data-source="post: 16063477" data-attributes="member: 138337"><p>We had 3. Bought at $127k, $132k and $150k. Sold for, respectively, $255k, $309k and $291k.</p><p></p><p>But even on the one we made $177k on, that took 10 years to do. So $17,700 a year. The original $132k could have purchased 13 Focus and they could have made $1500-2000 a car, so after one year you would be up $1,700 minimum..and not had $132k sitting there not doing anything.</p><p></p><p>My dad is big on buying and holding...but when you break it down to him like above, he gets it...but he just looks at the opportunity cost as the cost of having a cool piece of art in the garage.</p><p></p><p>From a sole financial perspective, I can't think of any 1 car that would be a huge money maker. But, I'm always open to being proved wrong.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 16063477, member: 138337"] We had 3. Bought at $127k, $132k and $150k. Sold for, respectively, $255k, $309k and $291k. But even on the one we made $177k on, that took 10 years to do. So $17,700 a year. The original $132k could have purchased 13 Focus and they could have made $1500-2000 a car, so after one year you would be up $1,700 minimum..and not had $132k sitting there not doing anything. My dad is big on buying and holding...but when you break it down to him like above, he gets it...but he just looks at the opportunity cost as the cost of having a cool piece of art in the garage. From a sole financial perspective, I can't think of any 1 car that would be a huge money maker. But, I'm always open to being proved wrong. [/QUOTE]
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