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Are VF's going to be collectables?

Subju

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Forg

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^ I think he was talking about the "high interest" part, ie. that it's not "high interest".
If you've got any sort of self-control and nothing drastic happens you're better off to be making 10% off some investment rather than saving money on your home loan at 2%.

I don't know if I do have self control (bought a new SSVR when we both work walking-distance from home), and I'm one of those "risk averse" people who never does an Elon Musk or Ruslan Kogan because for each of those I see the 100000 others that tried the same & failed ... so my money goes in the mortgage (well offset account really). :)
 

mpower

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This is one of the biggest problems most people have with money, they don't understand the importance of net worth. It is exactly like a savings account if you can take out the money just like a savings account. You are 3% better off and as you correctly pointed out, its actually better than a savings account because you don't pay tax on it.

yeah but you have to remember that a capital asset is only as good as it's growth rate. so if housing hits a decent slump and the value doesn't appreciate in line with say an investment account or some shares you're losing, and in the case of a property crash you lose bigtime especially if you have to liquidate.
 

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Also just an opinion on ex cop cars... would you or wouldn't you?

No. None of VZ, VE or the current VF.
Speaking from long experience with a VZ, which came off CFA duties at Fiskville and Bendigo North, they are driven hard just about every hour of the day. They are not pussy-footed like enthusiasts and their Garage Queens! True, they are religiously serviced right to the book — very few will actually be seen that have skipped a service.

But that is not the point. Services cars are extensively modified and tapped into through electrical and electronic systems. That is the physical side. Cosmetically there will be holes everywhere, particularly under the hood, through the firewall, the roof... everywhere. It is difficult to repatriate this work. The VZ had the grill and one front quarter guard replaced early on due to the start of rust sourced to 3 small holes made as part of the wiring loom for ancillaries (lights, siren etc.).

At the conclusion of their service, the systems on the VZ (whicih was also fitted with the incorrectly-termed 'Police Pack') that were installed are removed, but that doesn't mean legacy 'blips' will not exist, nor persist, into the next cycle of ownership. The VZ I had was relatively trouble free, but did have blips concerning the immobiliser (caused by wiring a 'kill switch' that turned off all lights with one push — so-called 'stealth mode' that is also present on Police and Ambulance vehicles). Taps into the immobiliser circuit cannot be reversed; I have written about this in a another post very recently that evolved from speaking with electrical specialists involved in installing ancillary equipment in police, CFA and ambulance fleets.

Just because services vehicles look desirable because they have that butch factor, doesn't mean they will be well-suited to the relatively quietness of a household that only takes them for a run to church on Sundays. The experience I had was so-so, but affirmed in my mind that I would not buy an ex-Services vehicle after learning of the sheer amount of work these cars going through as they get ready for a life of almost full-time duty on the roads.
 

Skylarking

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Love how the thread went from ex cop cars to barefoot investor home loans
Yep, can't have a discussion about collectibles without discussing the mertis of other investments as a comparison.

... So i am actively looking for a VF SS S2 and all i keep hearing from dealer to salesman is these are going to be collectibles and the price will only continue to rise.

Is this true
or just another stupid tactic to try and sell them and keep them at such ridiculous prices?

Also just an opinion on ex cop cars... would you or wouldn't you
 

Subju

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mpower

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Comparing two different things here, one is with risk, one is without. Risk management, its what I do :) I have to be good at something because it certainly isn't cars. I got bamboozled by the design of the spare well notches for my jack :)

property is not risk free.
 

Subju

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mpower

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Didn't say property was risk free. I said saving at 3% by paying off your home loan is risk free. In fact, anyone who buys a house now is crazy.

why are they crazy? rates are low and there are big govt grants.
 
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