Quote:
Originally Posted by ford38v8
I am surprised to read that so many here consider financing the purchase of a collector car to be the norm. To me, that's even dumber than buying a collector car as an investment.
I know, there are those in the hobby whose motives tend more to "The art of the deal", and it is those guys who will make a profit on the backs of the true hobbyists.
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It may be dumb, but myself as a 33 year old with a family has had to borrow money on 5 of the 7 Early Ford V-8’s I own. They are fortunately all paid for now but as a young person with a family is hard to fork out $20k plus on a hobby vehicle. I don’t look at them as much as investments so much as to me, I just enjoy them. If the market drops to the point my restored 40 coupe is only worth one thousand dollars, I’ll still enjoy it just as much.
As a side note I have always dreamed of owning a 33/34 station wagon. Thanks to financing that was quickly paid back I now own one.