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"I would never buy [insert make model car here] because it will never be worth what you put in to it."
I am not sure where the idea comes from that a hot-rod is an investment.
Hot rodding is a hobby and hobbies, almost by definition, are a way to turn money into fun.
Hobbies are not a way to make money, unless you're the person feeding the hobbyists their supplies.
Almost every time someone other than the guys on those TV shows buys a fixer-upper car with intents to modify and then sell it they end up losing money. It's a different story for restorations. You can buy a basket case car that is known to be collectible and make a profit on it... Sometimes. It depends on how much the restoration will cost. And done right it almost always ends up costing more than expected.
ReplyDeleteEven on those shows, usually if they're making money on builds, they are "commissioned". They are being built for a customer to what that customer wants.
When people build for themselves, it's pretty often that their vision won't match the vision of someone else who might be a buyer at some later date.
So yeah... hardly anything car wise is ever an investment. So do what you want and don't expect to make money on the deal. Figure it is like any other car, you buy it, use/enjoy it, then when you sell it you'll see depreciation. And a worthy car will usually do better over long time than a road potato. In that you won't lose as much maybe. That's about as good as you might expect.
-swj