That would actually be a low number. Actually what is referred to as conservative. The return on muscle cars for a 22-24,000 dollar vehicle would be around 28-30,000 dollars. Considering the ability to “turn” a car over in 2 or 3 months and it means 4 per year. So your $24,000 would become $40,000 which would equal a 66% return. That’s assuming a total gain of $16,000.
1970 Oldsmobile 442 Convertible
The pictured vehicle since it is a convertible would probably cost somewhere around $35,000 but in the Chicago area it would sell for around $45,000 if it was an original numbers matching vehicle.
I talk to people on Twitter about these vehicles and they all seem to think the concept of making money even in today’s economy depends on the stock market. What a joke. The only people who consistently make money on the market are the brokers. They make money whether their clients earn or lose. They charge for buying and selling and they still get paid no matter which way the market goes. All I know is my old broker drives a 750 BMW that costs more than both my wife’s and my cars combined. And my retirement dream of owning a home that can be sold for a handsome profit to enable my retirement, has seen me lose nearly 1/3 the price paid when it was built. So i guess retirement will wait for the next 10 years or so. Probably another 20 years to be able to retire comfortably. Make no mistake- real estate will come back, just not for a while. And about the time people get back into the stock market the bottom is supposed to drop out again. People are looking at business that are beating Wall Street projections and ignoring the fact that these companies are not losing as much as expected, but they are still losing.
So if anyone wants more information on the Muscle Car investment idea, contact me through here or my e-zine at http://openzine.com/americanmusclecar or look me up on twitter by the name– dwayne1957.
I am not looking for anyone’s money so this is not a send me money scam. The hard fact is that the more people out there buying these cars the more in demand they become and the more money people like me can also make buying and selling. And yes, while I am still trying to set up a full time business for this, it has nothing to do with the offer for free information that I am making here to you.
These cars are a passion for me and while I have an above average amount of knowledge about them, I do not feel threatened by others being into the hobby. There are a dozen guys with businesses that buy and sell and consign these vehicles here around Chicago, Illinois. While that may seem like a lot, you need to actually run the numbers. There are over 12 million people as potential buyers just in the Chicago metropolitan area and most of these cars are listed and sold over the Internet, so your buyer market base is actually 250 million nationwide.
That, combined with the fact that these cars are no longer produced and that they get rarer every year means that the Muscle Car Dealer has an unlimited customer base with a very limited supply. The locating and acquiring of these cars and moving them into markets where the values are higher is key to being successful. While hardcore collectors can transport vehicles across country, the average guy can not. And that is where Chicago’s 12 million plus people plays into the equation for me.
Anyway, if you want more info- contact me.
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