▲ | 1970-01-01 5 days ago | |||||||||||||||||||||||||
Exception being those buying new cars, leaving them in storage for a decade or two, and then selling them at auction for 10x. | ||||||||||||||||||||||||||
▲ | randerson 4 days ago | parent | next [-] | |||||||||||||||||||||||||
Even then, it is rarely a good economic decision. Its hard to predict which cars will rise in value that much (unless you're spending $800K+ on some invite-only limited-run hypercar). The storage and insurance add up. It'll invariably need repairs after that time, which can cost a fortune on a limited run car. The opportunity cost will be investing that money in the stock market, which is much more likely to 10x your money. | ||||||||||||||||||||||||||
▲ | ponector 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||
I'm curious how much you can get for a brand new 2005 Corolla. And don't forget to add storage costs. | ||||||||||||||||||||||||||
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▲ | yen223 5 days ago | parent | prev [-] | |||||||||||||||||||||||||
Over a decade, that storage space will 10x more reliably than the car |