Would you say that cars with a higher fuel economy are a bad investment?

Question

I've always liked classic cars, having owned a few Minis (I loved them to bits, even if they did have the structural integrity of a wet tissue). I restored and modified them tastefully on a slim budget and sold them on to first-time buyers for a healthy profit.

Now I am a little older I want to try something bigger, like a Porsche 911 SC. My question is, with the current environmental climate, are cars with this sort of fuel consumption bad ideas as future investments, as people are going to be less and less likely in want of an older car that is this thirsty?

Thanks!

Answer 1

How can you use the word "investment" and cars in the same sentence. Investment usually involves a rise in value. Most cars are anything but investments.

If you buy one of these the fuel costs may put future buyers off, but the costs of repairs will be the main factor.

they will only be investments if they are rare and loads of people chasing after the few still around.

Answer 2

It's good that you say you're looking at a Porsche for something with long-lasting admiration. Recent statistics show that Porsche has the highest satisfaction ratings of any other maker in the business. I don't know for sure if that's the same for this year but it's definitely a good indicator for you. For a build to transcend all other makers of highly efficient, best reliability and great value cars says that there's something more to a Porsche that attracts people who love cars and people who love to drive.

These are people who's thoughts of environmentally friendly enginuity are evaporated when they hear the memorizing roar of a finely tuned engine and see sublime contours of a car that will always have its own prestige.

Car lovers are not inhuman when practicality is hastened aside. It's more that those types of people will want to reminisce more than ever - when they sit in a car like a Porsche they'll be enveloped in a time and place where nothing matters excepting the driver and the driving experience. This doesn't have to happen every day. But when a certain person is feeling overwhelmed by the world and our new level of responsibility we're about to grab hold of, they can go into the garage and find a vehicle that will make them the most eye-catching vision of the moment and in a moment they'll be having so much fun they'll forget what planet they're on.

So my answer is no. These cars are not bad investments. Under the right conditions and with the right kind of care they'll be better and better investments.

Answer 3

People are unlikely to be concerned about fuel for classic cars. Mine are used only on weekends in the summer. The gas consumption may be twice that of a normal car, but it's a small piece of total ownership cost for such a car. If you're talking about fixing them up for commuting, that's a different story.

Answer 4

it depends on the budget u consider on paying off for this car u will buy,whether its for the fuel or the repairs, expensive cars like what u mentioned are consuming on a long term and not an investment at all.old cars can be investment if restored well and u can use it throughout ur life as a good transportation and a well crafted monument.

Answer 5

Lies, poverty and the ever lowering life-style of average Americans is what most get from the trickle-down theory. Most of my work is in the largest, self-contained retirement community in the U.S., it's called The Villages and located in central Florida. I wouldn't call these people super wealthy but I'm sure many of them can be called millionaires. These are the people who fought in the second world war and returned to America to go to work for General Electric, Ford, GM, Westinghouse, RCA, etc. The fifties, where one in three workers in America belonged to a union. Life was good, companies were strong and people made a good living. Somewhere along the line of this ideal situation where everyone was making money, somebody or a group of somebodies decided they weren't making enough and the slow destruction of the middle-class was started and it has quickened over the years to what we have now. It's the decisions of those in power, many of which are from corporate America who later become politicians who then pass legislation to further channel the wealth of America to a select group in big business, with the lie of trickle down attached. There is no such thing as free market, it's all manipulated, condensed through mergers strangling competition and giving business an iron fist to contol their own destiny at the expense of the everyday worker. Throw in millions of illegals taking the lower paying jobs in America and the workers who earn the least suffer the most. To me trickle down means the more those at the top can keep, the less trickles down. For those old enough who can look back at the fifties, can you honestly say trickle down economics has made this country better today than it was then?

Answer 6

Fast cars seem to hold value. The money You lose through depreciation will be a lot less than the cost to have hired it for the time that You own it.

Answer 7

Stuff the environment, the sooner we burn up all the fossil fuels the better.

Answer 8

if you stick to old classics thiers a chance to make money but a risky venture