JB, Us old farts who owned classic muscle cars 'way back when' think we should have held on to those cars. I bought my 1968 Pontiac GTO (power steering, automatic transmission, AM radio) for $3,500 and sold in 9 years later for $300 (after the first "gas crisis" in 1973). If I kept the GTO and stored it for 480 months (40 years) without ever driving or maintaining it, it might sell for $30,000 today. If the place I stored the car for those 480 months cost more than $62.50 a month $30K wouldn't even cover the cost of storage. At the end of 1977, the Dow Jones Industrial index closed around 830. Today it's around 24,000. Had I invested that $3,500 in an index fund (which didn't exist in 1977), I'd have over $100,000 today. Still, owning the GTO back then was worth it!
I've done the same math before Bob, and it rarely ever comes out that keeping the dream car at a dream price 30-40 years ago ever is worth it. One of the examples would have been a used 427 Cobra in the early 70's I don't know the value then but new they were just shy of $10,000 which would be $290,000 today with a current value of $1,000,000 plus. That would have been a good investment! One recent example was the 05-06 Ford GT. When I graduated college they were near bottom at $120,000, now 10 years later they are $270,000 plus. I should have bought the GT instead of the Cobra.
JB: it's more for you like a piece of land, an old truck or some old tractor rusting in the field than those little rice burners, but you are young so just have fun and do the best you can with your abilities. it must be nice to have a camera to take pictures of all the MIS HAPS during your life cause in my day it we only had a polaroid (if we could afford it or borrow our parents) or some fancy camera we never had on us daily to take a few pictures with.
keep up the great work on your 1957 and even though I wish you were restoring a 1956 pick up i'm watching and learning and i'll stop in to poke fun or ask a dumb question now and then.
good luck
BOB: yep it was fun wasn't it!! also FREE is not FREE if you have to store (or pay to store), think about it or move it a hundred times is it?
I still respect some of the rice burners, there were a few around that were pretty tough including a Neon SRT 4 that made 450 HP to the wheels. (Even if they were the wrong ones.) I saw it race an 80's Mustang making similar power and it got destroyed because of traction alone. That was a fun night of street racing in the middle of nowhere.
Through high school I didn't have a camera on me all the time either, I didn't get my own personal camera until 2006 or so and it was a point and shoot digital camera. In some ways I'm glad there weren't many then, I'm glad there isn't evidence of some of the things I did.
Personally I'd rather have the truck too, but this was planned all along to be a family cruiser hence the reason for 3 point belts in all of the seats, better tires, suspension, and brakes compared to what I pulled off.
I love your maths.
JB. Bandit.
Love the car.
Thanks Grizz, and I like maths, it was my favorite subject in school since the auto shop was only offered for people going to vo tech.
JB