1981 Chevrolet Corvette: The flood of investment, The future is yesterdays auto
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After having written my last post I decided to investigate further the "investment value" of the C-3 Corvettes. Having purchased this car, a gorgeous 1981 hite/red Corvette on Ebay for 6000.00, I decided to look into my "investment. I own 12 C-3 Corvettes and would buy 12 more. The C-3 is the best of the best, and I have never mistaken it for a Mazda GLC, like the 4's and 5's.
Okay, how'd I do. Knowing it all and only one car, likecars having bin at 12,500 (and being gone in 12 hrs) and topping out at 20,000.00. Good investment! I see a wrecked 81 with a crappy interrion at 7500.00! Is this a good deal? Although it looks like a eal winner, my car is not for sale...
There is the rub, a good investment is only a good investment if you SELL for more than you paid. I have good, hard earned American dollars (yes, I own some Canadian too) that sits in the bank drawing 4.5%, of wich 31% will be taxed when I claim it (annually!) and the I will pay 7.5-10% to spend it. My 401's bounce around like a ballon filled with lead. Whats too loose? Immediatly available "excess capitol?" No, sir. There is not a loss to be had.
Hence, the purpose of this extended rambling. As woih my other post, but this time with real hard fact ( I have put my money where my mouth is here) I consider the 74-82 Corvette C-3's to be the best up and comming investent in the automotive world.
Review ID: 10000000005976769

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