New guy from England

[Pmustang]

I have owned more classics than I care to list. Not one that I have either done or had done substantial work too has sold for more than I had invested. Sometimes I lost a bit and some I lost a lot but none lost more than say a 2007 corvette bought new and sold used 5 years later. Call it depreciation or a loss but old cars usually do it less than new. It's a hobby and not an investment. Some of us get lucky and buy low and sell high but lets face it we are all probably upside down on our toys. Unless you flip cars your not going to make money. Even then it's very hard. I know I've dabbled in being a dealer years ago.

I bought my car at a very good price but after getting it here and paying the fees and taxes I am surely upside down.

Cheers Peter