Resale: Stock V Modified

[426Cuda]

Depends how you define the term "investment".

Of course a finanical guru would have a myopic ROI view, whereas others have a broader view, i.e. investing in personal well being and satisfaction (see my sig quote), whether that be their car, wardrobe or travelling. The poor finanical guru has trouble dealing with that concept coz he can't quantify any benefit in $$$ terms.

That's coz it's not an investment 5L. It's spending. Converting the fruits of your investment (time, labour, capital) into something you desire. Something that gives you endorphins! Like tonight. I spent ~$20 on a bottle of durif. The quid pro quo is, I feel great!

 

[VS 5.0]

That's coz it's not an investment

The spend is the investment in feeling good.....as you've just experienced

An investment does not have generate a financial return to be of benefit.

 

[LS1SS]

The biggest financial loss I’ve had is the women in my life,now I spend it on cars,always looks good no mater what time of the day or night it is and you get to take it to the cleaners.

 

[426Cuda]

The spend is the investment in feeling good.....as you've just experienced

An investment does not have generate a financial return to be of benefit.

Yeah, I get it mate. Seems like a bad investment now. Oh, my head.

 

[PeteSS]

I am a watch collector. Due to the large number of fakes in the Rolex end of the market, people get scared when buying second hand if it is genuine. The old saying "buy the seller, not the item" applies somewhat here. I have modded my car (and don't care about resale as it will never be sold by me) but the mods are tasteful, car never tracked or about above 4-5 k apart from the dyno. I am the age of an old age pensioner and a fanatic, so buy the seller

I've seen a few fake Rolex's that are very hard to pick from the legit versions...

Anyway, back when i was in the car trade, we ignored mods when looking at a car for trade in purposes, especially mods which added nil value to the car. Even factory fitted options didn't help. I remember a chap had a VS SS as a trade in. this thing had been optioned to the hilt, and cost more new than a Clubsport. It was still an SS, and got the trade it value based on that....

Mods won't really hurt the value (unless its distasteful) but as others have said you shouldn't expect the mods to add value

 

[Skylarking]

Anyway, back when i was in the car trade, we ignored mods when looking at a car for trade in purposes, especially mods which added nil value to the car. Even factory fitted options didn't help. I remember a chap had a VS SS as a trade in. this thing had been optioned to the hilt, and cost more new than a Clubsport. It was still an SS, and got the trade it value based on that....

I have a sneeking suspicion that when the deler put the car on the lot, the asking price would have been much more than a standard SS.

Guess when i was buying, my experiance was that they always play both sides of the transaction and that used car dealers must have been fishermen in their previous life

Back in the 70's, a GTHO was about 1/2 the price of a house near the city. IIRC, just before the GFC a GTHO sold for around $900K, about 1/2 the price of a house near the city...

So buy the car you want and can afford and if it tickles your fancy mod within the law. Just don't worry about resale value, you've already done a lot of dosh just driving a stock car out the showroom.

Possibly, in 40years, if your still around, it may keep up with inflation and you can feel comfortable in it's price... if your lucky and still around. Even then, stock standard seems to command a better price than joe blogs modded....

So "carpe diem, quam minimum credula postero".

 

[revster]

There is no way people will be driving petrol powered cars with an internal combustion engine in 40 years imo

 

[figjam]

I have a sneeking suspicion that when the deler put the car on the lot, the asking price would have been much more than a standard SS. Back in the 70's, a GTHO was about 1/2 the price of a house near the city. .".

Also back in the 70s and 80s, if you wanted to trade a V8, 'We don't want it, we can't sell them because nobody wants one of them', but if you wanted to buy a V8, 'It will be expensive ,because everybody wants one of them'.

 

[Forg]

Also back in the 70s and 80s, if you wanted to trade a V8, 'We don't want it, we can't sell them because nobody wants one of them', but if you wanted to buy a V8, 'It will be expensive ,because everybody wants one of them'.

That’s not last year?

 

[Skylarking]

There is no way people will be driving petrol powered cars with an internal combustion engine in 40 years imo

Highly likely but there are lots of people paying silly money for 40 yo cars today that simply sit in a garage loved but unregistered and never driven.

But the point of my post was contained in

"carpe diem, quam minimum credula postero".

which is latin for “seize the day, trust as little as possible in tomorrow”