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Won't appreciate/bad investment Posted by Ari [Email] (#2847) [Profile/Gallery] (more from Ari) on Thu, 10 Mar 2016 05:54:19 In Reply to: Re: Questions about a 92 saab 9000 griffin edition??, Name Left Blank, Wed, 9 Mar 2016 20:13:36 Members do not see ads below this line. - Help Keep This Site Online - Signup |
First, cars are bad investment vehicles (pun intended). For every sky-high Ferrari there are 100 Buick GNX with delivery miles worth half of what the owner paid.
To appreciate, cars need to be well known and be an aspirational car (Corvette, Mustang, Mercedes) - something you wanted to own as a kid, but can only afford now, old and rich, or young, show-off, and rich. I don't know of any Saab that fits that. I have a 1967 Saab Sonnet two-stroke, something they made only 256 of over two years, and that's worth maybe $5K at best. And that's a two-seater sports car. Other than a market for older high-performance BMWs and the occasional Merc 600, the market isn't big on sedans - no sex factor. It's convertables and sports cars.
Add in that the CD will be a money pit (see my lengthy post above)- it's not like money in the bank; cars require constant inputs of cash.
The only way I know of to have a fair chance of making money on a car is to find one in great shape for an outstanding price, usually due to some horrible mechanical flaw, fix that flaw cheaply, and sell it immediately at a profit. If you wait, something else will break, or the headliner will fall down, or mice will eat the wiring, and you'll be chasing cost.
Saabs haven't appreciated. Anything that has a chance(as others have posted) would be Aeros due to performance, and they haven't gone up. The CD is nice but nobody but a Saab-nut like me will turn their head to follow it; to most folks it looks like a big Toyota. A Saab sedan that looks like a big Toyota will have a very small following, and one that will eat parts and money like popcorn at the movies is the exact opposite of 'investment quality.' Limited edition cars - usually just due to option sets only do well as a niche inside an already desirable car, like the rare combination of a five-speed and factory air in a '68 Corvette. It's a Corvette, fer christsakes - that's the value. Nobody goes gaga over a '95 Toyota because it has the rare combination of leather seats, rear AC, AND the dash plaque to prove it.
As to an authentic '92 Griffin, nobody is going to go out of their way to make a counterfeit. That requires spending a lot of money to make something that isn't worth much more, if any, from a run-of-the-mill CD. If fixing a Griffin is expensive, think how much it would cost to covert a car to one!
posted by 192.249.47...
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