How Much Have You Invested?, More than your car is worth? |
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How Much Have You Invested?, More than your car is worth? |
vesnyder |
Jan 17 2006, 08:36 PM
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#1
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Senior Member Group: Members Posts: 680 Joined: 14-April 05 From: Cleveland, OH Member No.: 3,933 |
I want to get an estimate of how much everyone has invested in there cars- now be honest! Has everyone invested more than they are worth? I would estimate an investment of at least $8k - estimated value $6k (optimistically!). Pictures welcome!
I'll start - I have $5,500 invested and would be luck to get $4k. I am going to quit counting. Will have to post pics later - wrong computer |
motorhead |
Jan 18 2006, 09:59 PM
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#2
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Member Group: Members Posts: 67 Joined: 11-September 05 From: tehachapi, ca Member No.: 4,784 |
I don't feel quite as bad now. Bought my '76 18 years ago for $3200. New paint, new stock exhaust, motor rebuild, (dropped a valve seat a month after I bought it), clutch, tires/wheels, upholstery, lots of odds and ends. Probably got about 8k in it. Figured it was worth about 5-6k til I put it up in the classifieds for 6. Not a single look. The thing that gripes me is all the work I put in it and don't have the chance to drive it more than 4-5 times a year any more. Less than 20k miles in 18 years. Been paying full coverage all that time.....don't even want to think about labor. At least I didn't have to contend with rust.
I'm afraid if I keep it I'm gonna wind up with another 10k in it for go-fast goodies and I'll still have a $6k car. |
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