<VV> Worst new car buys - NOW with Corvair

[FrankCB at aol.com]

Hi Frank,
    IMHO to consider cars as ASSETS is like considering  FOOD as an asset.  
Unless it's a Corvair (or other collector car), you  don't expect it to have 
even a possibility of increasing in value like a house  or stock would hopefully 
do.
    I agree with you about buying cars a couple of  years old to take 
advantage of the high first few years depreciation.  Our  first Corvair (1965 Monza 
Convertible) was bought in 1967 with only 11,000 miles  on it for $1000.  But 
now I'm so particular about exactly what options I  want on a car that I 
generally prefer to order them from the factory and wait  1-2 months for them to 
BUILD just what I want.  It took visits to SIX  different GM dealers before I 
bought the 95 TransSport and that was ordered from  the factory.  It's amazing 
how few car salesmen know or can find out about  the cars that they try to sell.
    Frank "fussy" Burkhard
 
In a message dated 11/3/2007 11:51:40 AM Eastern Daylight Time,  
corvairduval at cox.net writes:

Or, my  take is to buy cars with high depreciation several years old and 
get a  bargan.

How else did I get into Corvairs?

Who wants to buy a  depriciating asset? Warren Buffett does not buy new 
cars for that reason.  I guess he can't afford them, being a billionaire 
and  all.....

Frank DuVal







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