Future values of 100 Series

[Roosevelt T]

It's much more interesting to talk about opportunity cost than "what do you think the value of my 100 will be in 10 years?" If that is all that was wanted, a simple poll would've sufficed. He has more than one, 100 series and doesn't seem to need it. So the discussion is relevant.

You said a lot of words but you never even answered his question.

Well, I get your point. In this case please run the DCF's in a rising rate environment of the potential return of different asset classes versus the 100 series. That is needed for any real discussion.

I did answer him though: "OP, they are going up, it's pretty obvious. Go look at the charts at bring a trailer. No need for a thread."

 

[hoser]

Actually, doesn't really seem like a good discussion because nobody here is hoarding 100's by the dozens. We're talking about selling one single, one hundred.

 

[jLB]

nobody here is hoarding 100's by the dozens.

@BullElk is just under halfway there.

I may get there eventually.

Another neighbor also has 3 100s in their driveway.

 

[hoser]

I thought of you when I wrote that. It said "dozen" at first....then backspace, backspace...... "dozens."

 

[BullElk]

@BullElk is just under halfway there.

I may get there eventually.

Another neighbor also has 3 100s in their driveway.

Haa I actually have plans to add another in a couple weeks. And I am sure that a significant profit can be made on four of the seven investments.

 

[suprarx7nut]

Regardless of the fact that, again, OP did not ask us for financial advise, and I didnt know we had so many CFP's here (I KID GUYS, I KID)....

That includes many less desirable vehicles, and high mileage examples, etc. There's zero doubt in my mind the value of a lower mileage desirable color e36 M3 has gone up more than the stock market over the past yr... easily. Cleanish cars with 100-130k are going for mid 20's all of a sudden. The market for manual LSB, EB, PY, etc color e46 M3's in good condition is incredibly strong right now as well.

My overall point is this - automobiles are just an asset class - and there are better times than others to be in certain asset classes. OP isnt asking about building his retirement or maximizing returns over certain periods of time - thats a different discussion, and much more complex than just quoting some index returns. Stocks do not perform incredibly well (although they do ok) in inflationary environments for many reasons, but a simple one is the DCF's arent nearly as attractive. Hard assets (normally) perform much better. This is a complex discussion that we wouldnt do justice to by going back and forth on the 100 series technical forum, in my opinion.

Examples of the car values over a period of multiple years would be cool to see. I'm sure there are a few good examples, but unless you cherry pick the timing just perfect I think VTSAX or S&P outperforms most any multi-year period for a given [non-ultra-rare] car.

If you have info on an appreciating exotic holding its own as a long term store of value please share. I would love to have a logical reason to sell my wife on a beautiful exotic car.

@Newportfreak asked about the values and worth trajectory of their car. Seems they might be looking for discussion of the comparison between keeping the car or doing something else with the money, no?

 

[MarkTR]

Examples of the car values over a period of multiple years would be cool to see. I'm sure there are a few good examples, but unless you cherry pick the timing just perfect I think VTSAX or S&P outperforms most any multi-year period for a given [non-ultra-rare] car.

If you have info on an appreciating exotic holding its own as a long term store of value please share. I would love to have a logical reason to sell my wife on a beautiful exotic car.

@Newportfreak asked about the values and worth trajectory of their car. Seems they might be looking for discussion of the comparison between keeping the car or doing something else with the money, no?

Well- I bought my '73 246 GT Dino in 1974 when I was 24 and making all of $6K a year at my first job. I paid $13K and it took me six years to pay off the lease and loan.

Lucky for me, back then you could rent an entire shabby house for $150 a month. I rented the upstairs for $75 a month.

I still own her and she is worth more than what I sold my last house for 12 years ago when I retired.

 

[nissanh]

I am trying to buy another LC and been watching prices lately. The 200 series prices are coming down. One guy in Dallas asked $40 K for a 266K miles driven 08 LC. I offered $17 and he said No. Finally traded it to a dealer and it is for sale at 24K.

Wait till new LC 300 comes to US again. I saw a video LC 300 has been roadtested in CA few months back.

 

[Beto Cruiser]

Smells like a troll from a 4Runner forum. Trying to sow division amongst hundo owners.

Hold fast

 

[suprarx7nut]

Well- I bought my '73 246 GT Dino in 1974 when I was 24 and making all of $6K a year at my first job. I paid $13K and it took me six years to pay off the lease and loan.

Lucky for me, back then you could rent an entire shabby house for $150 a month. I rented the upstairs for $75 a month.

I still own her and she is worth more than what I sold my last house for 12 years ago when I retired.

That's super cool. Is it improper to ask for pics in this thread? Haha.

I think owning a car like that for most your lifetime is incredible. How many miles have you managed to put on it in 47 years?

I feel like you just opened the door to an entire thread on its own (not in a bad way).

I don't even care what my original point was anymore, you've got all excited about vintage exotic sports cars.

 

[Fisher67]

The two things that haven’t been added to the discussion are that unlike an equity investment, you can drive a 100 while hoping it appreciates. Owning 2 100s might make me a hoarder, but I have seen the phenomenon of guys who are successful and sentimental about the trucks they dreamed about as youngsters. This is the reason there has been such a massive appreciation for old Broncos, 40s, 60s and 80s, and even Wagoneers. None of the trucks I have mentioned are as comfortable as modern trucks or as dependable. My take on why I think 100s will continue to increase in value is that they possess a pretty good off-road capability, but also AC, ATRAC, leather, and are comfortable for long road trips. I maybe wrong, but think the 100 will have a dedicated fan base that will bid them up as decent condition examples become scarcer now that they haven’t been made for 14 years.

 

[OwnerCS]

I think as long as we have the San Juan Mountains and people who drive there from thousands of miles away, there will be demand for the 100 series.

 

[MarkTR]

That's super cool. Is it improper to ask for pics in this thread? Haha.

I think owning a car like that for most your lifetime is incredible. How many miles have you managed to put on it in 47 years?

I feel like you just opened the door to an entire thread on its own (not in a bad way).

I don't even care what my original point was anymore, you've got all excited about vintage exotic sports cars.

Andrew- a few weeks back I ended up high jacking the Cruiser Event thread when I mentioned I would have loved to attend but with my current back issues there was no way I could get the LX prepped for it and I would have had to take my P38 which I do not trust would make it there and back. This led to me letting on how before I got into my 70s I loved restoring and racing many different bikes/cars/trucks. It spun out of control so it was moved to the chat section.

I put a few photos of my lifelong journey with my 246 from new, me restoring it, and what it looks like now. If interested-

https://forum.ih8mud.com/threads/ducatis-p38s-and-one-sweet-dino.1267787/page-2

 

[bkmurf]

My decision to start modifying mine coincided with my decision to keep it another 10+ years and expect to get little to no money out of it. If someone wants to buy it in 10 years with over 500k on it for anything other than a high schooler to beat up or some farm rig or whatever I'd be surprised, but not basing any of my financial decisions on that.

I recently entered the new car market. After a month of looking at the same models with different badges on them, and not having any faith in reparability and longevity, I decided I really do love my 04-100. I'll invest in creature comforts and safety accessories, and keep it till I get to the moon (250,000) or maybe there and back again. I can add what it doesn't have, and those cars will never have what this does.

 

[OwnerCS]

I recently entered the new car market. After a month of looking at the same models with different badges on them, and not having any faith in reparability and longevity, I decided I really do love my 04-100. I'll invest in creature comforts and safety accessories, and keep it till I get to the moon (250,000) or maybe there and back again. I can add what it doesn't have, and those cars will never have what this does.

That's the way I see it.

 

[Lonegrasshopper]

I've never in my life bought a car thinking about it's value in the future. It's a machine with a purpose and my value assumptions are strictly based on if that vehicle will fulfill my current needs. Ok, I suppose I do think about how flat the value will be, keeping in mind that I hate depreciation, and avoid brand new cars to not take that instant loss.

To me the value is in its use, the utility value. Every time I drive there is a benefit to me, and that's worth something in itself. I'm not renting a car to get me to where I am going, and that's a cost that is quantitative. So at the end of 10 years the value isn't only the rig itself, but also how much I benefited during those 10 years. The utility value is one that I collect throughout the years and isn't transferable.

I digress. After 10 years I honestly don't care how much it's worth because I already exhausted my initial "investment".

 

[OwnerCS]

I've never in my life bought a car thinking about it's value in the future. It's a machine with a purpose and my value assumptions are strictly based on if that vehicle will fulfill my current needs. Ok, I suppose I do think about how flat the value will be, keeping in mind that I hate depreciation, and avoid brand new cars to not take that instant loss.

To me the value is in its use, the utility value. Every time I drive there is a benefit to me, and that's worth something in itself. I'm not renting a car to get me to where I am going, and that's a cost that is quantitative. So at the end of 10 years the value isn't only the rig itself, but also how much I benefited during those 10 years. The utility value is one that I collect throughout the years and isn't transferable.

I digress. After 10 years I honestly don't care how much it's worth because I already exhausted my initial "investment".

Well stated. That's how I look at it and the reason I started buying older "usually bottomed out" vehicles that I refresh and run for 10 years.

 

[Patassa]

I recently entered the new car market. After a month of looking at the same models with different badges on them, and not having any faith in reparability and longevity, I decided I really do love my 04-100. I'll invest in creature comforts and safety accessories, and keep it till I get to the moon (250,000) or maybe there and back again. I can add what it doesn't have, and those cars will never have what this does.

100%. I can add tens of thousands of goodies and still be way way ahead than trying to buy something new and/or comparable right now.

 

[Garrissey]

Whoa, all this finance talk is making my head spin. I should sell my newly acquired 100 and stick to 2f's. I'm far too stupid to understand appreciations and the complex nature of net yield returns vs. future prospects. Sounds like most of the 100 community has attended community college at a minimum.

I'm out.

 

[dnp]

Well- I bought my '73 246 GT Dino in 1974 when I was 24 and making all of $6K a year at my first job. I paid $13K and it took me six years to pay off the lease and loan.

Lucky for me, back then you could rent an entire shabby house for $150 a month. I rented the upstairs for $75 a month.

I still own her and she is worth more than what I sold my last house for 12 years ago when I retired.

Good for you for buying and holding! Right out of undergraduate school, I went to work at a factory-authorized Ferrari dealership, and when I first got there (about 1984), they had a REALLY nice, low km 250 GT/L ("Lusso") for sale. Even though I thought it was a beautiful car, I just couldn't bring myself to pay $20,000 for that "old" car. Being that they're now selling in the $3,000,000 range, I think about that decision a lot. Of course, I also have to be realistic and remind myself that, had I paid $20K for it, once the price got to $100,000, I know I would have sold it!........

Again, kudos for buying your Dino and being smart enough to hold on to it! Those things are SO much fun!