BBQMAN
Shop Representative
and while browsing/dreaming I came across this beauty...
https://bringatrailer.com/listing/1974-bmw-2002-turbo-4/
https://bringatrailer.com/listing/1974-bmw-2002-turbo-4/
Possibly a new benchmark for clean ITRs.
6000 miles and clean.
1997 to boot- rarest of the years
https://bringatrailer.com/listing/1...ium=email&utm_campaign=bat_model_notification
when will the bubble burst?
Quand je regarde avec un oeil d'investisseur, jai de la misere a comprendre le but de garder une voiture 23ans pour "seulement" doubler la mise. Pout faire 6000 miles en 23 ans je presume que cetais un but d'investissement?!
Je trouve ca cool mais je n'arrive pas tant a comprendre le concept.
I would rather have had 20 years and 200k of excitement and investments elsewhere with better returnIf you could buy a legendary sports car, keep it in your possession, take it for a spin once a week, then sell it 20 years later for 4x what you paid, wouldn't you?
It's risky, but this guy is winning.
$70k with 7 days left... Crazy!
I would rather have had 20 years and 200k of excitement and investments elsewhere with better return
I would rather have had 20 years and 200k of excitement and investments elsewhere with better return
Yeah, fair enough.
Curious though, which investments reliably get you ~400% over 20 years?
Yeah, fair enough.
Curious though, which investments reliably get you ~400% over 20 years?
Yeah but investment banking doesn't have VTECWhere did you get 400%? Assuming cost of $20,000 400% would yield $100k. You are also forgetting carrying costs, 20 years of insurance, maintenance, plates etc. It's also got zero yield which makes it a negative carry. If one's horizon is decades you buy the S&P 500 (SPY) and forget about it. It was in the $80-$90 range in 1997 and it's $300 today, you'd be collecting 22 years of dividends along the way with zero carrying costs. Yield on cost would be around 10% which means your original investment doubles every 7 years on yield alone, not even factoring capital gains. Unless it's for a quick flip, buying a car or any investment that doesn't yield anything is just foolish.
About the ITR, cars can be investments but you can also look at it another way. Buy it, maintain it well, drive it as much as you want and if you keep it long enough you'll get a lot of your money back. Definitely not 100% if you include insurance, fuel etc. but most of it I would think.
Certain cars if you buy at the correct time can be investments, but probably worse than buying conventionnal investments but then again you can't take your investments on a sunday drive...
About the ITR, cars can be investments but you can also look at it another way. Buy it, maintain it well, drive it as much as you want and if you keep it long enough you'll get a lot of your money back. Definitely not 100% if you include insurance, fuel etc. but most of it I would think.
Certain cars if you buy at the correct time can be investments, but probably worse than buying conventionnal investments but then again you can't take your investments on a sunday drive...