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Other thing to remember is that you are comparing a "classic 4x4" which is a very niche market to a "classic muscle car" which is not. These are two very different markets, both volatile in their own manner however the main difference that I have seen, is that with muscle cars every Tom, Dick and Harry knows what a Chevelle, Mustang, Charger/Challenger, etc. from the muscle car eras looks like. These are then considered "vintage" and "cool" things to own regardless of their usage.
This is a very good point. When I sold the Chevelle, it took 2 weeks (that simply was due to weeding out the dreamers) and a ton of interest.
I priced it fairly and it sold fast. I did not lose money on it at all. It was sold due to personal reasons (not money related, or anything like that) that I will not discuss in an open forum.
Like you said, everyone knew what it was and the market is massive for this. Hell you can build an entire car from a catalog and have a brand new repoped version of it. The market is that big.
If the purpose of the 60 was simply to enjoy it then that is your ROI and ratings base. If you no longer get those "smiles per gallon" then it is time to invest in something else and let her go. However, if those "smiles per gallon" are still present then the contemplation of ditching her should be something that is much, MUCH more highly evaluated. This is more about a relationship, it seems to be, based on what you have stated and the "heart" you have put into your truck, that the relationship between you and your 60 is much stronger than that of the Chevelle. That is something else to consider.
The Smiles per gallon are there that is without a doubt. I like the 60 and like I said I build it with a lot of thought involved into what "I" wanted. somethings changed during the build and parts were sold off, but ultimately it was exactly what I wanted.
I have had more time to think and the ride is not finished yet.
My now 11 year old son wants to keep it and he wants it. As does his brother. I think at this point I will get them more involved in what needs to be finished on it.
I am looking at it like this now (and it is a huge excuse). That ride I may be able to sell for 10-14K (if painted). That means it owes me 8K at least.
Based on AAA the average cost to owning a vehicle per year is $8800 based on 15K driven per year. Now they have some magic calculator there I am telling you. My 2007 F150 and my wife's 2004 Yukon, gas not included cost me about 1000 per year on average over 5 years.
Now that is saying one year I may spend 1000 for new tires and the next nothing.
So working that out, my FJ60 owes me 8 more years, I will give it a 2 year pass, so 6 years.
What does that mean? In 6 years I will sell it. Might be only for $1 to my son but I will sell it then.
Thank you everyone for your comments and thoughts, it has been a rough few weeks on many levels. It is good to see a community such as this putting things into perspective and bringing sense into what was otherwise a grey area.
Now enough of this talk......It is going back into the Garage this weekend to finish the rust and clean up a few things.
I will also be tearing apart the front axle so I can get the third out as I wanted to rebuild it.
The new goal is to enjoy the hell out of it for the next years and pass on a solid vehicle to my son.
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