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Old 04-08-2010, 05:19 PM   #64
1quik70
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Join Date: Apr 2010
Location: Jeffersonville, Indiana
Posts: 136
Re: Don't Ruin The Value Of Classic Trucks

I don't wanna quote the whole post so here it goes:

I am not saying pay yourself as in take out x amount and then go from there. Personally I put the profit back in the next build, to keep out of pocket expense down or build something better. My chevelle build for example since it was questioned:

Traded 70 CST lwb for 2004 Suzuki GSXR600, had Approx 5k in pickup.

Sold said bike for $6800 on eBay

Bought chevelle for $3500 put rest of cash +$5500 into it over a year or so. Drove and enjoyed the car from 2006-08. Sold in June for $14k. Total investment $12,300, "profit" $1700. Not a living but a profit. Doing this over a 10year span has enabled me to go from having a $2000 hot rod to having $20,000 in hot rods. Keep in mind all but the last two years, I was either in high school or college, so my budget was tight.

As for the Cavy, you and I both know some things just aren't worth the sum of their parts. I've seen both extremes, nice old cars that are so over done the owner will never see the light of day, and random POS's with way to much money in them.

All in all it's what works for the vehicle owner. Personally, all my vehicles are investments. To me it's better than stock because I get to enjoy them, and somewhat control their value. Perfect example my wife's 55 chevy p/u. I got the truck given to me, with the clip installed, and body in shambles. If I went all out I could build a $20k truck or the route I chose, spend as little as possible using spare parts, and have something most people can afford when I'm done. It's going to be driven for a year or so and sold to finish paying off my wife's student loans. Works best for us because instead of the extra money every month going to loans it would end up blown on something stupid. This way the money stays around until it's time to pay the note. It may sound rediculous but it works for us, we both have the car sickness, and this way we still get to get our fix!
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